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0 sats \ 4 replies \ @anon 17h \ parent \ on: Is South Africa Really Leading in Bitcoin Usage (Replacing Fiat) for Retailers? bitcoin
That depends on how you draw your "circle" ;)
While sats paid via MoneyBadger does leave your immediate town, it still stays in South Africa, at least.
By implication you should prioritise vendors based on how far the sats go: first support merchants in your local community who accept sats, then people from the next community over, then district, town, country, etc.
That's not a circle, that's a semicircle. Or is MoneyBadger paying salaries in sats? Btw, South Africa still a fiat jurisdiction, a fictional entity, a registered business in DC.
Truth is MoneyBadger send merchants to Biance... common, is that really a good option for merchants? Or is just better for those that want to spend bitcoin?
What's the cut MoneyBadger get for onboarding merchants to Binance? Do MoneyBadger get this cut paid in sats?
Not my business, and honestly I don't even care. Just saying, there are better ways to educate people to spend and merchants to do business.
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Truth is MoneyBadger send merchants to Biance
MoneyBadger doesn't send merchants anywhere. Most merchants don't even know that they're "accepting Bitcoin payments". Merchants' invoices are still settled in fiat, transparently. I pay in sats, they receive ZAR.
Don't know what MB's finances look like or what deals they have in place, but I can tell you they've been very responsive to criticisms of this kind, and there's a community keeping them honest. Not that they need much of that, since they're a bunch of maxis themselves.
See my other comment for the catalysing role they're playing.
Just saying, there are better ways to educate people to spend and merchants to do business.
If you have any materials or advice that would help, it would be most welcome. We're trying anything and everything to on-board as many people and businesses as we can. MoneyBadger is one of those approaches, and a very effective one.
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MoneyBadger doesn't send merchants anywhere
If you have any materials or advice that would help, it would be most welcome.
Reach out privately, I'll be more than happy to help