pull down to refresh
0 sats \ 3 replies \ @02174b3c39_lntxbot 6 Aug 2022 \ parent \ on: What's taking Bolt12 so long? bitcoin
And who are subscriptions very important for? Not everybody, in fact only to a small minority who have in the credit card environment come to depend on being paid even if someone isn't using their service.
How important are subscriptions to such vendors, well one site offered a month of service for $14.99 in exchange for your credit card details and monthly rebilling, but $30.00/month for bitcoin payments. PaywithMoon.com is good for these services.
Payments are simple enough that vendors can send an email with an invoice and be paid. I'm very suspicious of services that want to make it easy for you to forget you pay them. In fact the problem for subscribers is large enough create an industry to monitor your subscriptions:
"In fact, in a recent survey, Chase found that two-thirds of consumers admit to forgetting about at least one recurring payment they’ve signed up for in the last year."
https://www.cnbc.com/select/best-subscription-trackers/
Recurring Payments is very important part of user experience and fundamental part of commerce. Many small and large business require for recurring payments and it is a great form of conveneince for the user and a revenue model for many businesses. If it is not an option apart of the Bitcoiner's tool kit for adoption people will use centralized custodians or whatever to get it done. For example if you have a phone bill, ellectric bill or internet bill every month, or music subscription having the option to automate recurring payments and not have to think about it offers convenience that people like.
reply
Dude most of the world doesn't have enough money to bother with subscription services, you're developing for niche use cases and saying it's game changing. I'm in South Africa, we don't do automated billing for any of those things, because prices change and so does demand so it's better to do prepaid phones, electric
reply
Exactly. This reminds me about that interesting bitcoin docu about bitcoin in Africa
https://www.bitchute.com/video/H7AMhpnzN0KO
reply