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181 sats \ 5 replies \ @SimpleStacker 28 May \ parent \ on: Steak 'n Shake says bitcoin is "faster" and saves 50% in processing fees lightning
Why? A typical credit card transactions results in a 2-3% fee to the merchant. The typical lightning transaction charges fees of around 0.1%, paid by the sender.
I'd say the fixed costs of maintaining a lightning wallet may favor tradfi, but I'm not even so sure about that. I'm sure all the point-of-sale terminals and whatever software they use for their payment processing also charge fees.
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40 sats \ 1 reply \ @kepford 28 May
I'm more skeptical of the pitch man... and it being 50%. I can see them saving money and it being faster in some cases. Call it my BS detector.
I think lightning is better than the fiat payment rails. Especially if you consider final settlement.
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83 sats \ 0 replies \ @SimpleStacker 28 May
I'd be curious to see whether the customers themselves were satisfied. I imagine there being some hiccups when trying to pay with lightning, that probably don't show up in terms of fee or sales metrics
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30 sats \ 2 replies \ @Bell_curve 28 May
Have you been to one? I have not seen any in California
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10 sats \ 1 reply \ @SimpleStacker 28 May
I think most of them have been closed out here in CA
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10 sats \ 0 replies \ @kepford 28 May
Yep. Been to many of them but not in Cali
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