A new first. @Satoshi Consult🔑 has onboarded Blend Or Cut as the first hairdresser in Norway that accepts #bitcoin as a medium of exchange. The setup? - Bitcoinize payment terminal - Swiss Bitcoin Pay that send all sales - to the business account at Bare Bitcoin LN-address⚡️ blendorcut@bb.no ☑️ The Hairdresser Blend Or Cut is of course added to the @BTC Map

Replies (4)

Tom's avatar
Tom 1 year ago
So I just looked this up a bit this seems kinda cool but insecure. The service could just repeatedly get as much money as you have available to this service.
This is incorrect and you’re misunderstanding the setup, Tom. The main reason why myself and @Satoshi Consult🔑 prefer this option currently is: 1. Security 2. Simplicity and good onboarding UX for merchants. Also for those that have little understanding or knowledge of Bitcoin. With regard to the security, no freedom money is stored on the actual Bitcoinize payment terminal. If the payment terminal is stolen, no freedom money is lost. Swiss Bitcoin Pay is an application that immediately send all funds to an LN-address (or onchain address if preferred). In this business case, all funds are sent to the business preferred LN-address. That could be an self custodial Lightning-wallet like @Alby, @ZEUS or @Phoenix Wallet But in this case the business owner wanted to receive all funds to a business account at a regulated Norwegian exchange, because of business tax reasons, accounting and simplicity.
Tom's avatar
Tom 0 years ago
Hey Thanks for the response… I’ll be reading up ! Do you mind I PM you later?