ericfj on Nostr: Need to shout out jack mallers and strike team… At the current stage, companies ...
Need to shout out jack mallers (npub1cn4…3vle) and strike (npub1ex7…vyt9) team…
At the current stage, companies still need fiat to operate and pay for most of their supply chain. You need to do this in a legal and compliant way, too.
So even if you’re accepting BTC as payment for goods/services and you’re a fully orange pilled psycho you still need to convert a certain amount of that to fiat to stay afloat. We hope to change that one day but for now it is what it is.
I’m almost ashamed to admit it but strictly because I’m a numbers monkey I avoided Strike due to higher conversion fees and tried to make Binance work in an effort to shave off overhead. They had lightning network working (apparently) and advertised cheaper trading fees.
Our business application took fucking months and no customer service in sight. Completely hung up. Ok fine, Coinbase gets LN network working- let’s try them because they’re advertising low fees too (I know… fuck them, fuck me, I get it). Needless to say that process was even more of a joke. There’s not even a clear way to make a business account. Don’t get me started on them.
So finally, I get bumped back to the place I should have been in the first place: Strike. I’ve silenced my inner accountant- it’s a real Bitcoin company. Fill a form on their site. Bang, get an email. Fill out app in 15 minutes- bang, the partners get another email. Partners fill out what’s required on that one in <5 mins. Bang, approved next day and working with fiat bank connected. We’re up and running.
If anyone at Strike reads this, keep doing what you’re doing. Hopefully you can afford to lower fees one day but for now worth it to avoid fake crypto companies and we fully support you. Cheers.
At the current stage, companies still need fiat to operate and pay for most of their supply chain. You need to do this in a legal and compliant way, too.
So even if you’re accepting BTC as payment for goods/services and you’re a fully orange pilled psycho you still need to convert a certain amount of that to fiat to stay afloat. We hope to change that one day but for now it is what it is.
I’m almost ashamed to admit it but strictly because I’m a numbers monkey I avoided Strike due to higher conversion fees and tried to make Binance work in an effort to shave off overhead. They had lightning network working (apparently) and advertised cheaper trading fees.
Our business application took fucking months and no customer service in sight. Completely hung up. Ok fine, Coinbase gets LN network working- let’s try them because they’re advertising low fees too (I know… fuck them, fuck me, I get it). Needless to say that process was even more of a joke. There’s not even a clear way to make a business account. Don’t get me started on them.
So finally, I get bumped back to the place I should have been in the first place: Strike. I’ve silenced my inner accountant- it’s a real Bitcoin company. Fill a form on their site. Bang, get an email. Fill out app in 15 minutes- bang, the partners get another email. Partners fill out what’s required on that one in <5 mins. Bang, approved next day and working with fiat bank connected. We’re up and running.
If anyone at Strike reads this, keep doing what you’re doing. Hopefully you can afford to lower fees one day but for now worth it to avoid fake crypto companies and we fully support you. Cheers.