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31 sats \ 3 replies \ @TheBTCManual 29 Oct \ on: Is South Africa Really Leading in Bitcoin Usage (Replacing Fiat) for Retailers? bitcoin
In theory the numbers are even higher than reported since most retailers don't even know their payment rails/provider supports it, IE peach, payfast and Zapper and don't interact with the Bitcoin to them it's just a usual digital payment that settles in Rands.
Having done this several times, if you ever ask can I pay in Bitcoin the staff will look at you like a complete goofy! You have to say do you have zapper or look out for one of the payment provider logos
But it does work well, i've used it at stores, resturants, even paying for parking and settlement has never been an issue
Most of the volume is coming direct from exchange wallets who are also offering cash back in USDT for sending BTC but as a non-kyc bitcoin holder you'll get the same experience, (except having to download an extra app)
This reminds me of the period of time when I was a shitcoiner listening to all these YouTubers making money on pump and dumps and sponsorships speaking with complete conviction and it always puts the hair up on the back of my neck.
Everyone planning for what's supposed to go right, discounting everything that could go wrong to zero.
You make a lot of money, generate wealth for all shareholders, create jobs and pay salaries, drive deflation in the marketplace by offering cheaper goods and services, you pay company tax, income tax and all of that is still not enough, wild times!
Oef! And I just thought their data mining would be a big enough turn off, its a hard pass from me! But i'm pretty sure there's no shortage of normies lining up to get rekt by these browsers
Would be cool to just pull in these block explorers data (and trust their node operators) into a GPT and spit out a "Blocked" -chain report
How many addresses frozen
How much volume blocked
And the trend of blocks per month
And then call to action - Get freedom money! and link to a P2P exchange!
Noted, thanks! I've used the zapper payment with bitcoin before and I recently tested out the payfast one too!
Yeah, makes it a lot easier, doing it through bitrefill was a pain before and vouchers aren't always practical for some purchases! If you're self custodial you living the dream with all this onboarding by moneybadger thats for sure
Wonder how the settlement is done in the backend, pretty sure none of these big players are keen on treasuries right now and just want the cash
Hmmm, will have to go find a shell garage and see they're pretty hard to find these days, might just be indepedants that haven't rebranded too because there was news last year that they are leaving SA - https://businesstech.co.za/news/energy/773706/shell-kisses-south-african-service-stations-and-refinery-goodbye/
Lol that is true there should be enough of a cohort it depends on how motivated said chick is to sit through the constant shilling of all the great things about bitcoin that doesn't involve spending it!
I've never met someone who was pro-real estate as an investment factor in the carrying costs of the property it's all just real estate always goes up, its pure profit, whoever sold these people on the idea did a bang up job!
Offering people leverage and poor arithmetic skills, cutting interest rates for 40 years and nominal gains is one hell of a combination that's cooked generations!
I know so many millenials (my age cohort) that did what mum and dad said and are leveraged to the tits making payments with jack shit equity built up, it's wild!
A server that issues tokens backed you can send and recieve to other ecash mints or burn to redeem the underlying bitcoin
Google 1 AI company is pushing out quadrillians of tokens and no one bats an eye at the energy consumption backing it
Bitcoin hash rate goes up, no you boiling the oceans, stop it!
When you start wit
Zero to One: Notes on Startups
but end with
Zero to 666: Notes on the end of times
