Finney21 on Nostr: P01 - shopify opportunity: raw notes_unsorted [11.6.23 - block 815,615] Building on ...
P01 - shopify opportunity: raw notes_unsorted [11.6.23 - block 815,615]
Building on #Bitcoin
21st century ecommerce on top of a digitally native, global, decentralized, open monetary protocol called #Bitcoin
—
Write an open letter to Toby and Shopify board of directors
Also send letter to VPs of engineering
Encourage everyone to study the Bitcoin Whitepaper. It’s a miraculous innovation in computer science
The 21st century digital economy is built on a global, decentralized monetary protocol called Bitcoin
Shopify can supercharge their e-commerce platform by integrating lightning payments and merchant wallets
7 person team: wallet software engineer, lightning software engineer, Ux designer for merchant wallet and payments, lightning architect, educator, comms/fixer, leader to nurture key relationships
1 month of planning, 6 month execution to ship merchant wallet (60 days) and turnkey lightning implementation for merchants
Do everything open source and in alignment with Bitcoin
Educate Shopify staff. Empower them with Bitcoin. Pay them their first 21,000 sats to learn about Bitcoin
Educate Shopify merchants. Empower them with Bitcoin so they can protect themselves from currency debasement that is threatening their business
Merchant benefit: a new cohort of customers who want to spend Bitcoin, lower transaction fees (0.5% routing fees to shopify)
Bitcoin protects merchants from central banks who are debasing currencies and devastating their businesses
Building on Bitcoin is good for the world, good for Shopify’s merchants, and good for Shopify’s shareholders
Shopify has an opportunity to pioneer the 21st century digital economy built on a digitally native monetary protocol called Bitcoin
Big events to announce the integrations when they are ready. Pilot and beta test everything in house within shopify
To cover in open letter (unpacked for presentation):
1. Why does Bitcoin (not crypto) matter?
2. How can Shopify benefit from integrating Bitcoin?
3. How can Shopify merchants benefit from Bitcoin?
4. What business opportunities are available to shopify?
5. What does the execution look like for integrating Bitcoin?
6. Read the whitepaper
Revenue generator: Shopify becomes the LSP for 1.75 million merchants
Merchant Ux: Bitcoin dashboard, merchant wallet, non custodial mobile companion wallet
Customer Ux: Bitcoin payment checkout (lightning)
Bitcoin is a superior payment network for the global digital economy. The protocol is open, global, decentralized, and digitally native
21st century digital money for 21st century digital merchants
Merchant benefits: lower transaction fees, instant settlement, no chargebacks, new customer base of people who want to spend bitcoin
Activate your shopify merchant wallet. We send you your first 21 satoshis when you do that. Education video, 1 click activation
Companion mobile wallet for merchants to track their store wallet balance and take self custody of satoshis
Building on #Bitcoin
21st century ecommerce on top of a digitally native, global, decentralized, open monetary protocol called #Bitcoin
—
Write an open letter to Toby and Shopify board of directors
Also send letter to VPs of engineering
Encourage everyone to study the Bitcoin Whitepaper. It’s a miraculous innovation in computer science
The 21st century digital economy is built on a global, decentralized monetary protocol called Bitcoin
Shopify can supercharge their e-commerce platform by integrating lightning payments and merchant wallets
7 person team: wallet software engineer, lightning software engineer, Ux designer for merchant wallet and payments, lightning architect, educator, comms/fixer, leader to nurture key relationships
1 month of planning, 6 month execution to ship merchant wallet (60 days) and turnkey lightning implementation for merchants
Do everything open source and in alignment with Bitcoin
Educate Shopify staff. Empower them with Bitcoin. Pay them their first 21,000 sats to learn about Bitcoin
Educate Shopify merchants. Empower them with Bitcoin so they can protect themselves from currency debasement that is threatening their business
Merchant benefit: a new cohort of customers who want to spend Bitcoin, lower transaction fees (0.5% routing fees to shopify)
Bitcoin protects merchants from central banks who are debasing currencies and devastating their businesses
Building on Bitcoin is good for the world, good for Shopify’s merchants, and good for Shopify’s shareholders
Shopify has an opportunity to pioneer the 21st century digital economy built on a digitally native monetary protocol called Bitcoin
Big events to announce the integrations when they are ready. Pilot and beta test everything in house within shopify
To cover in open letter (unpacked for presentation):
1. Why does Bitcoin (not crypto) matter?
2. How can Shopify benefit from integrating Bitcoin?
3. How can Shopify merchants benefit from Bitcoin?
4. What business opportunities are available to shopify?
5. What does the execution look like for integrating Bitcoin?
6. Read the whitepaper
Revenue generator: Shopify becomes the LSP for 1.75 million merchants
Merchant Ux: Bitcoin dashboard, merchant wallet, non custodial mobile companion wallet
Customer Ux: Bitcoin payment checkout (lightning)
Bitcoin is a superior payment network for the global digital economy. The protocol is open, global, decentralized, and digitally native
21st century digital money for 21st century digital merchants
Merchant benefits: lower transaction fees, instant settlement, no chargebacks, new customer base of people who want to spend bitcoin
Activate your shopify merchant wallet. We send you your first 21 satoshis when you do that. Education video, 1 click activation
Companion mobile wallet for merchants to track their store wallet balance and take self custody of satoshis