Replying to Avatar Dea Rezkitha

The difference between 🇮🇩 QRIS and #bitcoin ⚡️wallet for merchant

For those who didn't know, Indonesia has integrated its national QR payment system called QRIS. This QR system has been adopted by 1.2 million merchants across Indonesia and facilitated by more than 5000+ payment service providers.

How it compares to ⚡️ wallet for merchant

⏰Time to setup:

QRIS 14-30 days

⚡️wallet: 1 minute

📄 Documents

QRIS: ID and Family card

⚡️wallet: No KYC

🤝Settlement

QRIS: 2-5 working days (no settlement on weekends)

⚡️wallet: closing channel every 10 mins

📱Compatibility

QRIS: 🇮🇩 e-wallets and mobile banking with QR enable

⚡️ wallet: any ⚡️wallet

💵Settlement fees

QRIS: Rp 3,000 ( 20 cents)

⚡️wallet: closing channel depends on mining fees

👫Users

QRIS: Only in Indonesia

⚡️ wallet: anywhere around the world
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Fri 2y ago

Unfortunately it’s still illegal to use Bitcoin for payment

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Discussion

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Dea Rezkitha 2y ago

Its illegal if merchant accept bitcoin directly, but it is acceptable if they receive in IDR. If that is not the case they already shut down QoinPay

All we need is a wallet that allow seamless experience like Pouch or Strike

Avatar
Vinceko⚡️ 2y ago

Selamat Pagi!,

Is it illegal to use Lightning payments in Indonesia? I would like to use Lightning payment in a Jakarta store. If you know of any Lightning stores, could you please share them with me?

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Dea Rezkitha 2y ago

You need to convince the owner of the store :)

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Vinceko⚡️ 2y ago

I've been thinking the same thing, what are your ideas to help small merchants freely use Lightning payments? Do you have any comments?

The current government's perspective is not soft. What do you think of the government's position going forward?