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0 sats \ 2 replies \ @karanjbhatia 14h \ on: Showing My Mom How Easy It Is to Spend Bitcoin bitcoin
Last year I went on a 6 month vacation in North India and demo'ed Wallet of Satoshi (and just how fast lightning transactions are compared to even India's UPI digital payment system) to over 100 people. Sadly I now regret having spent way too much and giving away way too many sats to complete strangers. I got carried away in the hype of spreading the word about bitcoin. I could have easily given away just a 100 sats instead of 1000 or 10,000 to so many people.
I also paid using Bitcoin for almost EVERYTHING on my trip. How? Well, everyone accepts UPI digital payments in India using a QR code. What I would do is, whenever I had to make such a fiat payment, I would go to my exchanges (paxful, noones and binance) and sell the equivalent amount of bitcoin and give the seller the QR code/UPI ID of the merchant shop where I was standing. This process of selling btc > fiat payment checkout usually took no more than 5 minutes.
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Hey, you put in the work! You’ll be rewarded or have already been rewarded. No worries at all! The whole process is different but much better for both parties. You get to spend your Bitcoin and the party gets to saving in Bitcoin, ideally. Ha!
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