Lekker Carel! Making things happen in ZA. Enjoyed hearing a South African accent on this pod. Bitcoin is gonna win.

Great episode, had no idea about this project

Agree with @npub1qny3...95gx, I really like the fact when using the moneybadger bridge that you don't have to mention BTC. Especially, when there is a long queue - you simply say "I'll pay by QR-code please"

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Staff training is slow and expensive. We send training materials, but found the most effective training program involves plebs explaining btc payments to staff

I’ve tried to get my local breakfast spot to turn on lightning payments. I’ve mentioned it now three times. Each time they acknowledge my request and are nice about it and say they’ll look into it. There is always a line. They are extremely busy. And by the end of a long day I doubt they remember. I don’t want to be the guy that keeps annoying them. And usually the person taking orders doesn’t have a financial incentive or economic interest in the flow of payments. Lots of good solutions mentioned in this pod.

Get the staff to download a Lightning wallet, tip them well, and let them be your ambassadors.

Pay other people to ask as well. Simulate demand.

are they a square seller?

They are a square seller. The staff is flying around early in the morning fulfilling people’s orders. Not a lot of time to orange pill. I mentioned the savings vs debit/credit rails being a square user. They nodded and quickly ran back to fill an order. Need to go in when it isn’t busy I guess .

sometimes takes time and friendship. took me a year of being a regular and some casual hangs and dinners with the local butcher squad. similarly busy environment and they really laughed at first.

Great rip, you asked for comments so here’s mine. The more I listen the more I learn. When Odell talks I listen.

Link to regular podcast feed here 👇

Fountain: Podcasts & Music

Citadel Dispatch • CD189: MONEYBADGER - BITCOIN PAYMENTS IN SOUTH AFRICA • Listen on Fountain

Carel van Wyk is the founder and CEO of MoneyBadger. MoneyBadger enables easy bitcoin payments at 650 thousand stores in South Africa. MoneyBadger ...

Loved the @npub1cash...dg5l QR code idea, easy way to show my normy friends #bitcoin out in the wild

Fantastic conversation! You're absolutely correct about being pragmatic and meeting people where there at. However, long term, to get people to want to spend bitcoin, we have to move beyond building bridges to fiat payment rails. Bitcoin has already demonstrated that it's a superior money for savings. Bitcoin can also be a superior money for payments - but not while relying on an underlying inferior fiat foundation. Until the payment rails are in place to use Bitcoin as the superior money for payments that it is, we shouldn't be expecting people to want to spend bitcoin.

What a great rip! 💪 Proud of see what @npub1y0fv...m5py is doing in South Africa! 🇿🇦 View quoted note →

We built a wallet that gives merchants tools to incentivize Bitcoin payments. Consumers just need a push and Bitcoin will naturally evolve into a medium of exchange.

except for a small community of autists, nobody wants to spend Bitcoin at all. even if it's convenient.

The Bitcoin White Paper is very clear about it -- Bitcoin is money. Getting there… Great interview, npub10atn74wcwh8gahzj3m0cy22fl54tn7wxtkg55spz2e3mpf5hhcrs4602w3 & npub1y0fv5l5ehzcqmh7esgtltvgjp30lxnt08shmqdcnmzrwl3v2mnsswgm5py #abct26 #SPEDN #Bitcoin #BTC #Sats #Money #hodl #freedom #citadeldispatch #southafrica #africa View quoted note →

This one started with a BANGER!

CITADEL DISPATCH

CD189: MONEYBADGER - BITCOIN PAYMENTS IN SOUTH AFRICA

Carel van Wyk is the founder and CEO of MoneyBadger. MoneyBadger enables easy bitcoi...

npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx : “I’m not on Youtube anymore. Fuck Youtube!” Excellent! (The rest of the episode is very good too.) Bitcoin podcasters, notice the new trend -- it is #NostrOnly. #Youtube #podcasts #Bitcoin #BTC #Nostr View quoted note →

Yes, and those earning it.

Many of the problems come from the fact that peoples liabilities are in fiat so price movement affects their bottom line. Youre essentially asking them to be traders. Hopefully as bitcoin goes up volatility continues to drop and its less of an issue. Maybe insurance companies or something akin to an option could smooth it out and make operations cleaner.

That's correct. However, as Block is already demonstrating with Square/Cashapp, bitcoin payment rails doesn't have to mean that payers and payees necessarily have to ever even know that their fiat payments were transmitted as Bitcoin. What I'm asking for is that the payment rails be via decentralized, permissionless, more cost-efficient Bitcoin - with voluntary usage of services that offer bridges from/to fiat (e.g. cashapp, square, etc) for those who just don't want to hold bitcoin due to volatility (or any other reason), rather than reinfocing the backwards status quo of the other way around. PS. I do think bitcoin volatility will continue to drop, but I personally don't believe it will ever be as stable as the U.S. dollar is now, for example... After all, it's way easier for a centralized authority to manage a slow leak of value in the dollar than it ever will be for a free market to stabilize the exchange rate of Bitcoin.

Yes exactly. I thought it was such a huge win letting business operators choose their currency exposure while still benefitting from censorship resistance and lower fees.

I'd spend it if I didn't have to calculate cost basis on every little transaction...and no normal will either.

Fair point. Solving each of theses issues (and there are likely others) is necessary but not individually sufficient to provide a universal incentive to spend.

I’m from Port Elizabeth, South Africa, and the Money Badger app allowed me to pay for breakfast in Bitcoin from a small independent shop that probably has no idea how it works, or that it’s even happening. Seamlessly and without any confusion from anyone. It’s really fantastic what @npub1y0fv...m5py has done. Flippen lekker my oaks! Thank you for this @npub1qny3...95gx , it’s good to hear South African progress.

smart people stack kyc free then you dont have to be a slave to cost basis bs sorry you were not smart perhaps you can do better in future

Listen to this amazing Bitcoin Story View quoted note →