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Moneybadger and Peach Payments partner to enable Bitcoin payments
- benmoneybadger 1y agohappy to answer any questions!
- nemomarx 1y agoany interest in working with itch or valve given recent events? steam used to have support but ran into volatility and price issues, so if you've got that handled it could be good press is my thinking
- benjamaan 1y agoWe’d love to enable itch and valve to accept bitcoin payments
- kylebenzle 1y agoWhy not just use Bitcoin Cash? Bitcoin was designed to compete directly with Visa's transaction rate and still can. I don't get why people don't simple use what works?
- phasnox 1y agoWhy not use Grin? Or Monero? Why would using Bitcoin Cash be better than Bitcoin?
- Workaccount2 1y agoThe reason bitcoin is so successful is exactly because people don't know how it works.
- ifwinterco 1y agoBCH absolutely cannot replicate Visa's transaction rate on L1, at least not without block sizes becoming completely ridiculous
- fruitworks 1y agoI think it would require something like 200MB blocks, which is within the realm of possibility. The only thing stopping you from adding payment channels on top of that is transaction malleability, but I am not really caught up on the topic.
- ifwinterco 1y agoThat still means the chain is growing by 28GB every single day, so 10TB a year. That's arguably past the point where running a small node is viable, so I would argue you're well into the territory of losing some of the decentralisation properties you want in a cryptocurrency
- fruitworks 1y ago10TB/yr is like $100-200/yr of hard drives and this price will continue to decrease. Compare this to the transaction fees for a small buisness accepting bitcoin and you will find that it is reasonable. Especially when you consider that reasonably efficient miners start at thousands of dollars. small nodes don't matter. They can prune or shard the blockchain. What matters is the economics of medium-sized nodes that are operated by small buisnesses. These are are the entities that have material reasons to run a full node (to accept transactions in an automated manner while preventing theft), and these are the entities that evaluate the rules of the cryptocurrency at the time of transaction.
- kylebenzle 1y ago[dead]
- julius 1y agoLots of people who have relatively stable currencies (EUR, USD..) do not want to use bitcoin. What if bitcoin price goes down? How many extra steps is it to convert my USD to bitcoin and then back to USD? Do I only convert the 19.99 USD for my current purchase into bitcoin or do I put in more? Do you solve these issues for customers? Or are you only targeting people who already are happy bitcoin wallet users? Are stablecoins part of your strategy? Given how Visa,Mastercard,Paypal are seen as bad actors. Do you think you can capitalize on that, possibly partnering with Valve or something of that sort?
- benjamaan 1y agoWe as MoneyBadger create an invoice for the customer in their local currency e.g. USD. If they pay with Bitcoin Lightning, they have 3 minutes to complete the transaction at our offered exchange rate. We take on the risk of the price moving. If they’re paying with one of the exchange wallets we support like Luno.com, VALR.com or Binance.com we do the same, and they can choose to pay with any currency supported by those wallets. Refunds are processed at time of refund and are for the original amount in the currency of the invoice e.g. USD but at the exchange rate at the time of refunds. It really all just works the same as paying with a credit card overseas would if you’re paying a EUR bill with USD funds.
- rendaw 1y agoWhy bitcoin and not ethereum?
- kinakomochidayo 1y agoThe website says Bitcoin and crypto*
- rendaw 1y agoYeah, it seems kind of inconsistent. But the crypto page on peachpayments only mentions bitcoin https://www.peachpayments.com/payment-methods/cryptocurrency https://www.peachpayments.com/payment-methods/cryptocurrency and moneybadger seems explicitly bitcoin: https://www.moneybadger.co.za/ https://www.moneybadger.co.za/ ("Bitcoin payments made simple" "Accept Bitcoin or any crypto in-store or online, paid out in South African Rand or Bitcoin" "Pay with Bitcoin" "Accept Bitcoin" etc) But I guess the answer is > According to reported statistics, 68 percent of South Africans own or have bought Bitcoin – one of the highest adoption rates globally.
- benjamaan 1y agoTechnically it’s Bitcoin Lightning. We support that because its cheap And fast and widely used (650m users). Also we are Bitcoiners. However we do support exchange wallets like Luno.com, VALR.com and Binance.com and are adding many more and whatever crypto they support. As Bitcoiners we try to basically just mention Bitcoin.
- troyvit 1y agoAny interest in adding other, fee-less currencies like nano?
- benjamaan 1y agoWe support Bitcoin lighting as a protocol because many wallets support it and it has a lot of users Nano unfortunately probably won’t be worth supporting because of the small user base However we’re quite open to supporting any wallet that wants to work with us
- trollbridge 1y agoSite appears to be down. Hug of death?
- littlecranky67 1y agohttps://archive.ph/D4271 https://archive.ph/D4271
- littlecranky67 1y agoRelevant documentary (german, auto-translation probably an option) about bitcoin adoption in south africas townships, including pick'n'pay adoption: https://www.youtube.com/watch?v=6O0QpNbDLoQ https://www.youtube.com/watch?v=6O0QpNbDLoQ (pick'n'pay part starting minute 18:01)
- 8organicbits 1y ago> It is telling that the first purchases done via MoneyBadger on the Peach Payments platform were for spades at a suburban hardware store and light fittings I'd love to see better privacy here. The company blogging about the specific items being purchased suggests they have detailed information about each purchase and are willing to share it (in a blog post). Or maybe an employee made the first purchases?
- postexitus 1y agoEspecially if they are going to be used for hiding a body.
- ivape 1y agoReminds me of Zuck recently confessing that "people tell llama all kinds of personal things, and they use it for therapy" (paraphrasing). They read your shit.
- benjamaan 1y agoThe stores just said what they sold. They didn’t say who they sold it to.
- 8organicbits 1y agoThat seems possible too. Are you familiar with the system, or are you also guessing?
- benjamaan 1y agoI work for MoneyBadger
- kylebenzle 1y ago[dead]
- ToucanLoucan 1y agoI mean crypto itself is only as anonymous as your most public link to your wallet too, which is one of the reasons I dislike it despite seeing the appeal of the idea. People like to compare it to cash, but the fact is every hundred dollar bill in circulation doesn't have a list of people's unique if anonymized handles who's touched it since it was printed. And that gets doubly problematic if you use... really any of the wallet managers out there, who now know every wallet address associated with not only your personal info, but likely bank info.
- idiotsecant 1y agoBitcoin is wildly unsuitable for small scale payments, at least in it's current architecture
- kobieps 1y agoIt uses bitcoin lightning, are you referring to that?
- kylebenzle 1y agoBitcoin (BTC) doesn't work at all for payments less than $100 (as by design) and so adding a second layer on to that only makes it MORE expensive, not less. Like saying I can't afford my credit card fees so I'll just take a cash advance on my credit card, put the money in a bank account, then use a debit card for transactions. It makes no sense and would only work to trick a moron that doensn't understand how the system works. Bitcoin (now called Bitcoin Cash) solved the problem 10+ years ago, then Blockstream hijacked the BTC GitHub repo and injected the SegWit and RBF code that killed the project.
- Workaccount2 1y agoYou mean the not-bitcoin bolt-on that pretty much mandates using a 3rd party wallet to ensure always online status and has been bleeding capacity for the last few years? It would be a travesty if society decides bitcoin is the defacto payment crypto, in part because you need to use a totally separate service in order to reasonably send bitcoin.
- dsmurrell 1y ago> It would be a travesty if society decides bitcoin is the defacto payment crypto, in part because you need to use a totally separate service in order to reasonably send bitcoin. Agree completely. Was a fan of Bitcoin Cash when it split off in 2017! Better to have things on-chain.
- ethagnawl 1y agoAs is the tax burden -- at least in the US.
- instakill 1y ago68% of South Africans have bought or own BTC? There is simply no way. Impossible.
- deleted 1y ago[deleted]
- beAbU 1y agoI agree, I find this claim very doubtful and would be interested in the source of this claim.