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31 sats \ 3 replies \ @TheBTCManual 19h \ 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)
Sorry, not from South Africa, but does zapper need the coins in its own platform (for the customer), basically locking in the sats?
Or can I (as a cudtomer) use my choice of lightning or on-chain wallet to transfer the sats to an invoice/address?
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You need one app (MoneyBadger) to translate the QR payment code into a lightning invoice. That app hands it over to your wallet of choice.
So in my case, I scan the QR code with MoneyBadger, can add a tip there, and then send the LN invoice to my daily driver wallet, Phoenix. Hit send there, and it's done.
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South Africa is indeed speeding up the use of Bitcoin as a medium of exchange. I'm just a bit curious, and I'd love to ask, do these merchants hold BTC, or do the platforms that help them accept it instantly liquidate them?
If you don't mind, we'd love to get in touch personally. We want to learn more about what is happening on the ground, because we have a solution that would incredibly help the adoption of Bitcoin as a medium of exchange, especially for merchant adoption.
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