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21 sats \ 4 replies \ @AG 7h \ parent \ on: 🏷️ Hey it’s Spending Sunday! What Have You Bought with Bitcoin this Week? AGORA
That's great! Thank you for sharing. This money badger app is really innovative, remind me of PlebQR #835356 in Thailand, that is p2p though.
It is making it easy to pay with sats, still merchants are continuing to get paid in fiat i assume, as money badger is playing as intermediary. A problem half solved is already great progress!
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0 sats \ 3 replies \ @unboiled 7h
It is making it easy to pay with sats, still merchants are continuing to get paid in fiat i assume
I too strongly suspect many choose to get fiat. But it says it's the merchants' choice on MoneyBadger's site.
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0 sats \ 2 replies \ @AG 6h
ok so merchants need to sign up to money badger too? that's even more interesting. I'll have a look
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21 sats \ 1 reply \ @unboiled 5h
The merchants sign up with a QR code provider. MoneyBadger currently works with two of those providers by adding LN rails: Scan to Pay, and Zapper. (That is in addition to stores/chains that integrate in a more direct way like Pick 'n Pay, or Bootlegger.)
Those QR code providers play an important role in providing merchants a payment option which is open to the large number of unbanked South Africans. One of the key ones is the ability to spend mobile phone credits (called "air time") for goods. The phone credits can be bought with cash. That bridges the gap for the unbanked.
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21 sats \ 0 replies \ @AG 4h
That's great, and is a great service. It should be open source, so others can easily replicate the model around.
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