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Are Lightning Payment Gateways THE SHORTCUT To Bitcoin Adoption?www.blink.sv/blog/are-lightning-payment-gateways-the-shortcut-to-bitcoin-adoption
40 sats \ 3 comments \ @Coinsreporter 20 Mar lightning
The main benefit these services provide is undeniable: merchants can accept Bitcoin and their business model doesn’t have to change. The Lightning Payment Gateway serves both parties from behind the scenes; the buyer spends BTC and the merchant receives Fiat money. That means the app also solves the foreign exchange market problem.
Tourists, for example, could just download a Lightning Payment Gateway app and pay using Bitcoin while the receiver gets the local currency. Of course, Bitcoin is global money; it would be more convenient if everyone accepted it everywhere, but that’s not reality. While we wait for the world to catch up, Lightning Payment Gateways can bridge the gap.
It's a catch 22 situation!
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1000 sats \ 2 replies \ @DarthCoin 20 Mar
NO! Are not the solution for bitcoin adoption! Blink in this article is pushing the idea of using their own shit stablecoin in the app and/or swaping sats for local currencies.
That is literally going back to fiat! There's no excuse for doing that, only an idiot slave will do that. That's why these "gateways" works in the south and africa... because people there are not well educated in this matter and they can be easily fooled by the fiat sharks.
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22 sats \ 1 reply \ @028559d218 20 Mar
If the merchant is just going to 'swap back' to fiat... what is the point in paying them in Bitcoin anyway... I mean sure it's an 'introduction' to Bitcoin but the merchant needs to do the work to begin with to understand what they're receiving.
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21 sats \ 0 replies \ @DarthCoin 20 Mar
yeah, better just pay them in fiat directly and fuck'em. Pay in bitcoin ONLY those that really want bitcoin and know what they are doing. All the rest... HFSP.
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