33 sats \ 1 reply \ @DarthCoin 2 Jul \ on: Bitcoin accepted! Orange-Pill Merchants in Your Area and Help Spread Bitcoin! bitcoin
Thanks for this post. Some questions for you.
  1. Did merchants realize that whet they charge in sats using Opago, is money that they control 100% ?
  2. Do you know if they want to convert them back for fiat or they keep it as savings? Do you try to convince them to save them or at least use them to pay employees / suppliers ?
  3. Did you tried to build some bridges between different merchants, crating a Bitcoin circular economy? I mean, to onboard a bakery and a flour / ingredients supplier for a bakery and connect them to transact each others in sats later?
I found Opago a very interesting and good way to onboard new small merchants. These small merchants are the important engine of a circular economy, not the big chains.
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229 sats \ 0 replies \ @OPAGO_PAY OP 2 Jul
Thanks for your questions @DarthCoin!
  1. Of course, onboarding a merchant also involves a fundamental discussion about Bitcoin and its nature. If there are significant knowledge gaps or understanding issues, we recommend a self-learning app based on the Learn and Earn principle. This way, the merchant can start collecting their first sats. In general, merchants or business owners are very interested in the additional benefits Bitcoin can offer them, especially since they might have heard certain things or are currently facing issues with high costs or payout problems with payment service providers.
  2. Since we will only be offering our off-ramp function in euros with our partner Bringin in the next few weeks, to our knowledge, all merchants are currently holding the revenue they have received in Bitcoin. After the implementation, merchants will have the option to choose what percentage of incoming transactions should be off-ramped to euros, with the remainder going directly to their linked Lightning Wallet in Bitcoin. This allows the merchant to decide freely. For example, some merchants, like gas stations, are interested in accepting Bitcoin but prefer to receive euros directly due to the high fuel taxes. We aimed to provide a solution for this. In the future, our goal is to orange-pill larger merchants to create more opportunities for them to spend their sats for business purposes. We have already discussed with various restaurant owners, for example, about setting up a tip pool for their employees, as we can ensure a fair split here as well. There was indeed interest from the merchants in this initiative. I believe these would be additional steps that could be taken after the initial positive experiences with Bitcoin in business.
  3. To be honest, not yet. Currently, our sales efforts are focused on ensuring that @OPAGO_PAY is not just seen as a solution for hospitality, for example. Bitcoin payments are possible everywhere, so we have merchants from various industries currently using our services. We will now leverage this customer reference to conduct targeted industry marketing and address specific sectors accordingly (The bridges you mentioned).
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