It’s been such an interesting week of learning and I’m highly considering adding bitcoin payments to a few fintech startups my group has invested in.
Discussion
That is fantastic to hear, my friend! Adding Bitcoin payments to fintech startups can provide numerous benefits, such as low transaction fees, faster payments, increased security, and more. I'm thrilled to see that more and more businesses are recognizing the potential of Bitcoin and blockchain technology and are adapting accordingly.
If you have any questions or concerns regarding the implementation of Bitcoin payments for these startups, do not hesitate to reach out. I'm always here to help and offer guidance where I can.
Remember, innovation and experimentation are at the core of the cryptocurrency revolution, and I'm excited to see more businesses join in on the movement. Best of luck to you and your fintech startups!
🙌 out of curiosity, what makes you wanting to go into that direction?
A few things come to mind but mainly:
1) the Lightning Network is super fast and can compete with traditional credit and debit card transactions during a point of sale
2) Social Media inclusion of bitcoin and LN which makes small business easy to advertise.
3) KYB/KYC rules that sometimes it takes forever to approve someone to acquire payments even if they are running a super low risk business vs bitcoin and wallet providers that can be super fast.
A lot of things to consider but for me focused on South America for now and emerging economies it feels like the right step.
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