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julius | 7 months ago

Lots of people who have relatively stable currencies (EUR, USD..) do not want to use bitcoin. What if bitcoin price goes down? How many extra steps is it to convert my USD to bitcoin and then back to USD? Do I only convert the 19.99 USD for my current purchase into bitcoin or do I put in more?

Do you solve these issues for customers? Or are you only targeting people who already are happy bitcoin wallet users? Are stablecoins part of your strategy?

Given how Visa,Mastercard,Paypal are seen as bad actors. Do you think you can capitalize on that, possibly partnering with Valve or something of that sort?

discuss

order

benjamaan|7 months ago

We as MoneyBadger create an invoice for the customer in their local currency e.g. USD. If they pay with Bitcoin Lightning, they have 3 minutes to complete the transaction at our offered exchange rate. We take on the risk of the price moving.

If they’re paying with one of the exchange wallets we support like Luno.com, VALR.com or Binance.com we do the same, and they can choose to pay with any currency supported by those wallets.

Refunds are processed at time of refund and are for the original amount in the currency of the invoice e.g. USD but at the exchange rate at the time of refunds.

It really all just works the same as paying with a credit card overseas would if you’re paying a EUR bill with USD funds.