Doesn't have to be on chain. Just balance sheet. I have a getalby wallet. They might expect $1M a day incoming from 10,000 users. They do a single 1M onchain to load their wallet, and then send those sats to people as the fiat arrives.
Intraday hedging (swallowed in the spread) and golden.
So how does that work. Do you have a Bitcoin wallet that you are transferring from. Or are you converting from fiat?
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from fiat, loading via debit card. This is SPENDING money after all
True, and I don’t mind that approach as it is quick to convert fiat to sats.
