10 sats \ 14 replies \ @DarthCoin 22 Nov 2023 \ on: How would you approach building a Bitcoin remittance company? bitcoin
Just use Bitcoin and do not touch fiat.
Done.
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That's the plan but sometimes reality gets in the way, for example swapping bitcoin to stable shitcoins, else normies would stick with Western Union😅
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Focusing on pilling people rather than putting them back into fiat is the way.
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Wow, true words, right here!
FIAT DELENDA EST!
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Once you are in Bitcoin, NEVER EVER go back to fiat.
Is so fucking simple, damn it.
What you want to do is creating another Paypal over BTC/LN... that is just what is doing Strike (aka a shit service that keep people into fiat).
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then once you get big, you would need to bow the knee for a license or get into trouble...
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you're right on this one not gonna lie
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saving you from foreseen troubles 😂
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exactly, another truth words...
Natalia is hitting hard today...
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resting mode on - finally able to sit down and write!
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haha you guys are the best, totally with you but this could be a good trojan horse to get normies into Bitcoin as well, for example slapping a PoS system on top of the remittance app whereby users can use remitted bitcoin to purchase stuff for a discount (decent incentives).. or building a DCA feature with withdrawals to self-custodied wallet so that people can save a bit with the rampant hyperinflation we're going through..
Keep in mind that the target market is mostly a cash based economy (I would say > 80% cash payments) after the banking's sector collapse so this is a great way to leapfrog fiat payments companies and fintechs that are popping up everywhere
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this hits hard for sure
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