Thread

So I just looked this up a bit this seems kinda cool but insecure. The service could just repeatedly get as much money as you have available to this service.

Excellent! Well done.

This is incorrect and you’re misunderstanding the setup, Tom. The main reason why myself and nostr:nprofile1qqsp3fl3q529z7regj7nsvl97sczyx62sq6qzp6fzwvl8thqh0z3cfqgwsd3p prefer this option currently is: 1. Security 2. Simplicity and good onboarding UX for merchants. Also for those that have little understanding or knowledge of Bitcoin. With regard to the security, no freedom money is stored on the actual Bitcoinize payment terminal. If the payment terminal is stolen, no freedom money is lost. Swiss Bitcoin Pay is an application that immediately send all funds to an LN-address (or onchain address if preferred). In this business case, all funds are sent to the business preferred LN-address. That could be an self custodial Lightning-wallet like nostr:nprofile1qqsyv47lazt9h6ycp2fsw270khje5egjgsrdkrupjg27u796g7f5k0s8jq7y6, nostr:nprofile1qqsrf5h4ya83jk8u6t9jgc76h6kalz3plp9vusjpm2ygqgalqhxgp9g84ctjf or nostr:nprofile1qqs2nsd66pv44e5avmytw4ejy7k7fn8fq7rczrnaexcy8v2y484xjcsvjcjja But in this case the business owner wanted to receive all funds to a business account at a regulated Norwegian exchange, because of business tax reasons, accounting and simplicity.

Hey Thanks for the response… I’ll be reading up ! Do you mind I PM you later?

You can always reach out to myself and nostr:nprofile1qqsp3fl3q529z7regj7nsvl97sczyx62sq6qzp6fzwvl8thqh0z3cfqgwsd3p on DM.