See More CryptosHome

NCR

Neos Credits

Show Trading View Graph

Mentions (24Hr)

0

0.00% Today

Reddit Posts

r/BitcoinSee Post

Are payments via Strikes partnership with NCR, Blackhawk and Shopify already possible?

r/BitcoinSee Post

Bitcoin ATMs are like vending machines, no better than buying a btc loaded gift card from a mini-mart.

r/CryptoCurrencySee Post

Payment network Strike has announced integrations with Shopify, alternative payment processor Blackhawk Network and point-of-sale provider NCR, making it easier for global merchants to accept BTC payments

r/CryptoCurrencySee Post

We've had good news one after another but the price keeps dipping?

r/BitcoinSee Post

Strike Announces Shopify Integration, Partnerships With NCR And Blackhawk Bringing Bitcoin Lighting Payments To Major Merchants

r/BitcoinSee Post

Reaktions to Jack Mallers announcement: why are we as a community so unsupportive?

r/BitcoinSee Post

NCR provides solutions for a lot of self-service ATMs globally. With this NCR + strike partnership NCR could now allow certain ATMs around the world to display a lightning invoice on screen instead of requiring a bank card.

r/BitcoinSee Post

Strike Announces Shopify Integration, Partnerships With NCR And Blackhawk Bringing Bitcoin Lighting Payments To Major Merchants

r/BitcoinSee Post

Exactly when/how will LN integration work with all those retailers?

r/BitcoinSee Post

FedNow vs Lightning

r/BitcoinSee Post

Strike Partners With NCR, Shopify, Blackhawk for Nationwide Lightning Network Payments

r/CryptoCurrencySee Post

Strike Announces Shopify Integration, Partnerships With NCR And Blackhawk Bringing Bitcoin Lighting Payments To Major Merchants

r/BitcoinSee Post

Strike | NCR test

r/CryptoCurrencySee Post

Strike just integrated the Lightning payment network into most US merchands, together with NCR, Blackhawk and Shopify

r/CryptoCurrencySee Post

Strike just integrated the Bitcoin lightning payment network together with NCR, Blackhawk and Shopify into most US merchands

r/CryptoMarketsSee Post

The future of Metaverse and the Immersive Digital World

r/CryptoCurrencySee Post

Here’s my take on things and here’s what i’m doing about it (and maybe you should too)

r/CryptoCurrencySee Post

NCR Acquires LibertyX and Integrates Crypto Services Into 750K ATMs Globally

r/BitcoinSee Post

NCR They now plan to offer Bitcoin on all of these devices. Walmart, McDonalds, Starbucks, Home Depot, Wendy's

r/BitcoinSee Post

NCR, a global enterprise technology provider and fortune 500 company, Completes Acquisition of Cryptocurrency Leader LibertyX. They plan to offer Bitcoin on all of their devices.

r/CryptoCurrencySee Post

A major event has just occurred and no one is paying attention. NCR Completes Acquisition of Cryptocurrency Leader LibertyX on Thu, 01/13/2022

r/CryptoCurrencySee Post

6 billion dollar NCR CORP to offer bitcoin payment facilities

r/CryptoCurrencySee Post

NCR Completes Acquisition of Cryptocurrency Leader LibertyX

r/CryptoCurrencySee Post

“NCR Completes Acquisition of Cryptocurrency Leader LibertyX” and why this is bullish for *insert your coin here*

r/BitcoinSee Post

One of the biggest events in history has just occurred and no one is paying attention.

r/CryptoCurrencySee Post

If you care about the adoption of Cryptocurrency, you should really be paying attention to what the Flexa Network is doing.

r/CryptoCurrencySee Post

US Regulator Tells Credit Unions They Can Team Up with Crypto Firms

r/CryptoCurrencySee Post

Holiday Season Cheer!! AMP Token, FLEXA Network

r/CryptoMoonShotsSee Post

NYDIG Raises $50M for Seventh Digital Asset Fund

r/CryptoCurrencySee Post

Top 5 Metaverse Coin of this Week

r/CryptoCurrencySee Post

Top 5 Metaverse Coins of This Week.

r/CryptoCurrencySee Post

Top 5 Metaverse Coins Gaining the Most Price This Week

r/CryptoCurrencySee Post

A lot of coins have already pumped (and will probably keep going up) but some have not. Let’s hear your #1 coin/token that still hasn’t pumped but probably will soon.

r/CryptoCurrencySee Post

Post your best Gaming, DeFi, Metaverse tokens so I can take a look at them Gaming, DeFi, metaverse tokens are blowing up right now

r/CryptoCurrencySee Post

Cryptocurrency payments slowly gain ground in India

r/CryptoCurrencySee Post

Flexa will be integrated with over 600 bank apps through NCR and more!

r/CryptoCurrencySee Post

Even though the Walmart accepting payments via Litecoin was deemed “fake news” The CTO of NCR did say in a video YESTERDAY that NCR is partnering with FLEXA. Walmart and Target use NCR terminals.

r/CryptoCurrencySee Post

Flexa partnering with NCR - 10:20 mark

r/CryptoCurrencySee Post

Did you guys see the interview today with the CTO of NCR?

r/CryptoCurrenciesSee Post

Did you guys see the interview with the CTO of NCR? Very bullish on crypto

r/CryptoCurrencySee Post

Tim Vanderham NCR Interview - Bringing Bitcoin & Crypto to Retailers, Restaurants & Banks via NYDIG & LibertyX

r/BitcoinSee Post

Tim Vanderham NCR Interview - Bringing Bitcoin to Retailers, Restaurants & Banks via NYDIG & LibertyX

r/CryptoMarketsSee Post

Tim Vanderham NCR Interview - Bringing Bitcoin & Crypto to Retailers, Restaurants & Banks with NYDIG & LibertyX

r/CryptoCurrencySee Post

Top 3 Altcoins for long term! Let’s hear them and why

r/CryptoCurrencySee Post

AMP or ACH and why? I guess both are competing for digital payments

r/CryptoCurrencySee Post

Top 3 Altcoins! Let’s hear them and why (long-term)

r/BitcoinSee Post

NCR used by 75,000+ stores gets into Bitcoin.

r/CryptoCurrencySee Post

Maybe not a shit post?

r/CryptoCurrencySee Post

Payments Giant NCR Acquiring Libertyx to Offer Complete Crypto Solution

r/CryptoCurrencySee Post

NCR Corp., a global leader in ATM software applications, has announced that it is acquiring crypto ATM company Libertyx. This will allow customers to buy BTC at more than 20K retail stores and more than 9,500 traditional ATMs

r/CryptoCurrencySee Post

Fortune 500 Firm NCR Acquiring Bitcoin ATM Operator LibertyX

r/CryptoCurrencySee Post

Bitcoin ATM operator LibertyX is getting acquired by Fortune 500 firm NCR Corporation. NCR has nearly 1 million ATMs around the globe

r/CryptoCurrencySee Post

NCR Corporation plans to purchase Bitcoin ATM company LibertyX

r/BitcoinSee Post

Bitcoin ATM operator LibertyX is being acquired by Fortune 500 company NCR

r/BitcoinSee Post

"The news follows NCR's June announcement that 650 community banks and credit unions would soon be able to offer the ability to buy, sell and hold #bitcoin through its services."

r/BitcoinSee Post

#Bitcoin ATM operator LibertyX is getting acquired by Fortune 500 firm NCR Corporation. NCR has nearly 1 million ATMs around the globe

r/CryptoCurrencySee Post

Bitcoin ATM operator LibertyX is getting acquired by NCR Corporation

r/CryptoCurrencySee Post

Bitcoin ATM operator LibertyX is getting acquired by Fortune 500 firm NCR Corporation. NCR has nearly 1 million ATMs around the globe

r/CryptoCurrencySee Post

AT&T subsidiary; NCR - set to aquire Bitcoin ATM operator "LibertyX"

r/CryptoCurrencySee Post

I wonder if the rumors are true that Amazon is going to start using Flexa (AMP) for upcoming acceptance of digital payments.

r/BitcoinSee Post

Top 3 Altcoins! Let’s hear them and why

r/CryptoCurrencySee Post

10 biggest crypto Partnership in 2021

r/CryptoCurrencySee Post

Amp price prediction January 1st 2022?

r/CryptoCurrencySee Post

$6 Billion NCR Opens Bitcoin Purchases To 650 Banks And Credit Unions - 24 million total customers will now be able to buy Bitcoin via their banks

r/CryptoMarketsSee Post

George Soros Fund To Trade Bitcoin - NYDIG WSJ & NCR Bring Crypto To 650 Banks & Credit Unions!

r/BitcoinSee Post

NCR opens Bitcoin purchases to 650 banks and credit unions

r/CryptoCurrencySee Post

$6 Billion NCR opens Bitcoin purchases to 650 Banks with 24 million Customers

r/CryptoCurrencySee Post

Payments Giant NCR Bringing Bitcoin Trading to 650 U.S. Banks and Their 24 Million Customers

r/CryptoCurrencySee Post

650 Community Banks Can Now Offer Bitcoin Purchases Through NCR, NYDIG Partnership

r/BitcoinSee Post

Payments large NCR transferral Bitcoin mercantilism to 650 U.S. Banks and Their twenty-four Million Customers

r/BitcoinSee Post

Payments large NCR transferral Bitcoin mercantilism to 650 U.S. Banks and Their twenty-four Million Customers

r/CryptoCurrencySee Post

$6 Billion NCR Opens Bitcoin Purchases To 650 Banks And Credit Unions

r/CryptoCurrencySee Post

$6 Billion NCR Opens Bitcoin Purchases To 650 Banks And Credit Unions

r/BitcoinSee Post

NYDIG & NCR Partnership Lets 650 U.S. Banks Offer Bitcoin Services

r/CryptoCurrencySee Post

$6 Billion NCR Opens Bitcoin Purchases To 650 Banks And Credit Unions. U.S. banks will soon be able to offer bitcoin purchases to an estimated 24 million total customers.

r/BitcoinSee Post

$6 Billion NCR Opens Bitcoin Purchases To 650 Banks And Credit Unions

r/CryptoCurrencySee Post

650 US Banks To Offer Bitcoin as Part of New Partnership Between Payment Giant NCR And NYDIG

r/BitcoinSee Post

This morning at Forbes... "$6 Billion NCR Opens Bitcoin Purchases To 650 Banks And Credit Unions" TLDR: Banks tired of seeing money outflow to Bitcoin exchanges, and trying to compete. Smart, but I don't know how effective. But another positive movement along adoption. Happening FAST.

r/CryptoCurrencySee Post

$6 Billion NCR Opens Bitcoin Purchases To 650 Banks And Credit Unions

r/CryptoCurrencySee Post

$6 Billion NCR Opens Crypto Purchases To 24 Million Clients of 650 Banks And Credit Unions

r/CryptoCurrencySee Post

New to the market? Want to take advantage of the dip and build a valuable long term stack? Watch Consensus 2021 and then choose project which are the most promising.

r/BitcoinSee Post

crypto traders in delhi

Mentions

The problem is that this has already been solved, the question is with current regulations in place how any given solution would scale or be rolled out, what 3rd parties will be inserted between customer and cost, etc. Many of the solutions now are just piggybacking on bank and debit/credit issuance, as that is the most frictionless entry into the retail market. It would be rather trivial for any given terminal to support any given network directly, but then how that shakes up the profit centers is still anyone's guess. NCR and Visa have created rails for bitcoin to be supported, for example, NCR being behind a lot of software for banks to offer crypto (and fake iou crypto). There will be a boom in this industry regarding specialized knowledge to implement it on top of already existing infrastructure, on both service provider as well as client ends. A major hurdle to this is how big the biggest retailers are, and how much resistance they'll have towards accepting this sort of autonomy from their customers when they all offer their own "in bed with creditors" products that they'd prefer the customers to use.

Mentions:#NCR

That’s what strike is doing. They are partnering with NCR and Blackhawk. Lightning payments will soon be adopted everywhere

Mentions:#NCR

> Thanks. That's a second tally for Strike So, Strike has really low limits; you can get approved for over 10K pretty easily on CASH. But as mentioned, the fees are higher than other actual exchanges, but it's worth noting that in purchasing from CASH you are helping support the ecosystem and infrastructure: CASH has a wallet in development, and they just launched mining facility with Tesla and Blockstream. They also support core developers and were the first to support lightening labs etc... It's all a trade off, and I'm obviously biased as I think Jack has done more than most Billionaire class in this space more than any other including Saylor who for some reason thinks he needs to be BTC's spokesman in his head. CASH's customer support is abysmal, and the fraud detection is even worse. Maller's is also launching some product that while take a percentage to support core devs, but if I'm honest I'm wondering why we haven't seen any update about NCR.

Mentions:#CASH#BTC#NCR

Nope, finally run it's course. Lack of momentum or need for sound money, using too much non-renewable energy to secure a network that can't process many transactions... Also major world players like China would have to adopt. The impending flippening and top notch projects like TRON and SHIB will get more and more marketshare vs. BTC. This is it, if you haven't sold, now's the time. I mean, things would be different if we lived in a world in which the money was failing because it's not based on anything but the infinite political whims of one or two countries. Or if there were some kind of layer 2 development capable of processing millions of transactions a day. Or if the use cases of nearly every other alt-coin weren't really viable and they were soon to be classified as unregistered securities, revealing the real decentralized projects. Or maybe if some big players like NCR for point of sale, or Black Rock for legacy investment access, or big names from the tech sector got involved and started building better ways to access, store, hold, transact with BTC. An environment like that may make it go up again. But until then, BTC is dead.

Mentions:#SHIB#BTC#NCR

The commercial was created and posted by Flexa, a crypto payment processor integrated with point-of-sale hardware like NCR

Mentions:#NCR

He’s saying Bitcoin is money not gold. Either way these arguments are ridiculous, most retailers don’t accept any particular fiat currency since there are hundreds of fiat currencies and retailers typically take the currency of the nation they’re in. So to expect a relatively new money to be accepted everywhere already makes no sense at all. Bitcoin is a gold like asset that will become a fully realized money as adoption continues and the technology to scale it improves. That’s why things something like the strike/NCR deal is such a big deal. Doing this too soon before there’s a genuine interest in it as a store of value would lead to too much volatility so I think the path it’s taking will work out for the long term.

Mentions:#NCR

Bitcoin's approach to the fee problem is building transaction density. Things like lightning will be able to onboard thousands with just 1 onchain tx. When thousands share 1 tx the on chain fee can be really high. Now, with players like Strike, square, Shopify, NCR and Blackhawk rolling out lightning support this tx density strategy might prove itself sooner rather then later. There is plenty more miners can do to earn revenue. They can merge mine or, in the future, they could even get paid to capture methane.

Mentions:#NCR

Businesses that accept credit cards do not receive their funds in real time. We tend to have to wait 24 hours to receive funds; then we get assessed a shit ton of fees. I know fees exist within lightning network, but as long as they are very low and money is received in almost real time, it’s the way we will be transacting. NCR one of the biggest Point of Sale providers is looking incorporate lightning as a payment solution. Also, a lot of merchants are getting wiser and adding surcharged for credit card fees to offset the fees being charged. It’s time for the middle man to go!

Mentions:#NCR

Businesses that accept credit cards do not receive their funds in real time. We tend to have to wait 24 hours to receive funds; then we get assessed a shit ton of fees. I know fees exist within lightning network, but as long as they are very low and money is received in almost real time, it’s the way we will be transacting. NCR one of the biggest Point of Sale providers is looking incorporate lightning as a payment solution. Also, a lot of merchants are getting wiser and adding surcharged for credit card fees to offset the fees being charged. It’s time for the middle man to go!

Mentions:#NCR

If I could integrate it into my POS I would. And, honestly, that is what it will take for mass adoption. Busy stores like me don't have time to fool around with having a separate tablet around with my LN wallet address displayed, and then having to have the employee watch the wallet manually to make sure the funds hit the wallet. It literally has to be as simple as taking credit cards. Hopefully if NCR is serious about it, then other POS developers/manufacturers will move forward with it as well. Right now, no POS that I'd call trustworthy is doing it.

Mentions:#LN#NCR

All you would have to do is integrate LN as a payment option. NCR the world's largest point of sale company is doing that. Yeah not everyone will use it but those that do will save you money. And it also will draw interest to your site from bitcoiners. The bitcoin can be instantly converted back to dollars so you wouldn't even have to hold btc if you didn't want to.

Mentions:#LN#NCR

I'm aware of the Shopify part, but if you re-read my comment, I was asking specifically about the integration with Point of Sale terminals in physical retail stores. I believe that was a partnership with NCR.

Mentions:#NCR

What happened to all the announcements at Bitcoin 2022? Madeira legal tender? McDonalds etc accepting BTC via NCR partnership? I’m sure there was more ‘big’ news too.

Mentions:#BTC#NCR

Want to be successful in buying/holding or trading? Don't get played. Don't believe everything you see in the news. There are lots of youtubers who all have their ear to the ground listening to the news of crypto. They are just following each other in a circle of guessing. If they were saying things that you did not want to hear, then you are not going to follow them. When you hear news that Mt. Gox is going to pay out 200,000 BTC, and that will crash the price....it is time to buy more. I remember hearing about Mt Gox trustee getting ready to pay out in 2019, 2020, 2021. Even if they do start to pay out, it will take years. When you hear analyst say the price will drop to 10K because the economy will crash more, don't believe it. It could mean the bottom of 17K is in. When Jack Mahler makes a huge announcement at "Bitcoin Miami Conference" last March, how Strike Lighting Wallet will integrate with NCR, don't believe it. It never happened and probably will not. Nobody even talks about it now. Back then BTC was 40K. Back when BTC was 70K, everyone said it was going to 100K because of plan B prediction. No nobody talks of plan B. That was the time to sell. All those FOMO/FUD stories just get lost and forgotten.

Mentions:#BTC#NCR#FUD

Great points - thanks for taking the time to respond by the way. I think what people do with blockchain technology can become a speculative, negative-sum game, but that's an issue of human greed and not so much an issue with the Bitcoin network itself. From day one the network was intended to be a p2p transfer system, all the narratives of "inflation hedge" or "store of value" are a farce...but there's marketing for ya I suppose. By no means am I a bitcoin cryptobro because it does have its design flaws, like the competition between miners that perpetually increases energy consumption long term. If it comes down to energy waste per person, then that means Bitcoin is 'less useful' and not 'use-less'. The user base is small and I agree in that the energy consumption is insane but there are quite a lot of innovations in the works that will shift that imbalance of use-case & usefulness to society. I don't follow Bitcoin development as much lately but it's my job to research all of the different blockchains and the directions they move in. 2023-2024 you'll see a lot of merchants utilize Bitcoin's lightning network to pay for goods & services. The network itself can't cater to society en masse the but infrastructure (lightning network) built on top of Bitcoin's network can. Strike's partnership with payment systems Blackhawk & NCR is pretty big if you ever want to read into it.

Mentions:#NCR

One of the largest payment processors in the world, NCR integrated BTC lightning payments in April. The bill by Senator Lummis proposing tax exemption for transactions upto $600 will open up a lot of retail action in the US. No business wants to be paying a cut off each transaction to the card company.

Mentions:#NCR#BTC
r/BitcoinSee Comment

For all of the reasons that they already have, too many to list in a Reddit post. Bitcoins are being exchanged for all kinds of things, including all other currencies, houses, cars, food, energy costs, and a lot of things that I'm not interested in buying but I might want it later. Once the deal between Lightning and NCR goes through, you'll be able to use Bitcoin to exchange for anything. But you already knew that, yeah?

Mentions:#NCR

Might be worth talking to NCR (the cash register company) about it. They are working with Strike to Bitcoin/Lightning enable their machines and it should be coming out soon. Even if it's not available, it's good for them to know there's demand.

Mentions:#NCR

It was. This video is interesting https://youtu.be/Q_36zuizKc0 highlights the fine print under Jack Mallers' NCR slide where it reads "Forward looking statements", meaning they can legally claim a partnership IN HOPES that they will partner up in the future

Mentions:#NCR

What the hell happened to all the stuff Jack Mallers promised at the 2022 Bitcoin conference? Lightning payments at McDonald's, Walmart, Best Buy, etc based on this new partnership with NCR and other point of sale companies. Nobody has talked about it since like it never happened.

Mentions:#NCR

That is changing rapidly. The largest Point of sale retailer NCR is incorporating the LN. Meaning anyone can spend btc at walmart,home depot and nearly every chain that exists. People are waking up to btc being the first engineered money in history. People will use it the same way people ditched the horse and buggy for the automobile.

Mentions:#NCR#LN

Ah so you have edited this after the event, yes NCR are a POS vendor. Even if they do end up integrating bitcoin it will depend on the receiver accepting it in exchange for real world items, and we all know the problem with that...

Mentions:#NCR#POS
r/BitcoinSee Comment

Well, first off I was being sarcastic. Second, fuck using banking rails to spend Bitcoin. I want that Strike integration into NCR and Blackhawk machines. Give me a mun wallet or any other lightning wallet I choose and let me pay without a bank ever seeing a penny.

Mentions:#NCR
r/BitcoinSee Comment

I've wondered this as well. After Jack Mallers' announcement that Strike would be enabled in NCR checkout machines, I've asked several times at several places and received blank stares usually reserved for folks asking for the restroom for aliens ;-) I cheerfully share that someday all merchants will allow such payments and save the percentage they have to pay the credit card companies. I'd love to see an effort to share locations that have lightning enabled payments!

Mentions:#NCR
r/BitcoinSee Comment

I dont think anything was supposed to take effect immediately w re to NCR, Blackhawk. I think end of 2022 was assured. Jack has been on a few different shows recently where he says something like "looking at my calendar and it should be any day now...". One of them is below. https://pca.st/episode/bf8a9d18-5475-43b4-b13d-0a259c5c24c6 Capital Gains Tax (CGT) for merchant doesn't matter bc it just uses lightning network to send BTC but then immediately transfers back to USD before going to merchant. It may matter for sender though if they send BTC that has appreciated. There's also a way for it to start w sender as USD, send over lightning, and then transfer back to USD before going to merchant (in which case there is no CGT). This is huge for merchants bc they don't have to pay 3% fee associated w all payments sent through currently used credit card system. And they don't need to rely on banks as much to settle. They have an incentive to encourage customers to use lightning. And Cash App now uses lightning so many people in US are least will have the ability to do so wo downloading a new app.

Mentions:#NCR#CGT#BTC
r/BitcoinSee Comment

That is not how I understand the announcement. If they do not enable it until Bitcoin payments are exempt from CGT, then it would be a complete no-announcement. Because nobody expects that to happen anytime soon. Why would one specific asset be exempt from CGT? And not gold, stocks etc. This will be a very long discussion. The way I understand it is that the announcement, the possibility to pay via Lightning is mostly theoretical. And it is expected that almost all customers will only see dollar values. And if it is a cross-service-provider payment (Cash App to NCR terminal powered by Strike) the under the hood LN might be used to transfer funds from Square to Strike. But the user will not notice that and not be confronted with tax implications.

Mentions:#CGT#NCR#LN
r/CryptoCurrencySee Comment

I've had the same question about how crypto would affect the average consumer and over time I've realized that blockchain applications are really meant to be an alternative. There's no way the majority of blockchain applications are more efficient than a database, therefore it's not meant to be shoved into every application (yet, people are still trying 🙄). The question shouldn't be about "how is blockchain better for the consumer?". Instead, "how does blockchain align incentives differently?" I'll give you an example to expand on this: Strike is a bitcoin payment app that has partnered with Shopify, NCR, and Blackhawk payment networks to integrate Bitcoin's lightning network. They're on track to have this in over 400 American storefronts. The idea isn't to use Bitcoin to buy things, but to leverage the Bitcoin Lightning network (LN). The flow works like this: Me with $USD ---LN---> convert to BTC ---LN---> convert to $USD ----> Merchant In case this is confusing: I walk into Belk, find a pair of shoes, and go to the cashier to pay with Strike. I scan a QR code on my phone that sends $100 to the lightning network, which gets converted into BTC. Right before that BTC goes to the merchant, it's converted back into USD. On the surface, this seems like such a stupid idea. What's the point of converting dollars into Bitcoin to only convert it back into dollars? Just pay with a credit card. The answer lies in incentives. The only reason Strike leverages the LN is because there's no 1-3% fee taken from every transaction, like there is with VISA. There's only a small "gas" fee paid out to those validating the network, which is vastly cheaper than fees incurred from utilizing card networks. 1-3% saved on every sale is a huge incentive for stores to adopt this. The payments are also finalized within the time you're in the store. I believe it takes a couple days for banks to communicate with each other to legitimize a payment and update accounts. On the consumer side, not much would change. You may be out of luck if you don't have a phone on you, though, and in that case, you can always use cash or card. This is one example of how blockchain can integrate in daily life without us knowing that we're actually using the technology. Bottom line: Blockchain is all about aligning people with economic incentives and bolstering the relationship between consumers & service providers without a middleman.

Mentions:#NCR#LN#BTC
r/BitcoinSee Comment

The lightning network is just the rails, the point of sale provider handles the conversion and it's all instant. NCR rolled this out recently in a partnership with strike. There's also a few companies that let you use a card on the lightning network, such as bolt card. It appears that block is going to incorporate lightning onto smart phones payment chip (a la apple pay). There's also a company going to put stable coins and other wrapped assets on lightning.

Mentions:#NCR
r/BitcoinSee Comment

Outside of NCR payment offerings, Lightning network growing, general btc adoption rising globally, more and more institutions either adding to balance sheet or offering custodial services, maybe a btc ETF, the fact that central banks will have to print more or at least stop holding 2.2T in overnight reverse lending (USA)? Remittance payments being revolutionized, hell sending money anywhere, anytime being revolutionized. Those are a few of the "catalysts" I think could match more ways to buy or get exposure to it.

Mentions:#NCR
r/CryptoCurrencySee Comment

Flexa is making the most progress in the POS sector, with NCR onboard and money transmitter licenses in most U.S. states. Big things are about to happen for Flexa and AMP over the next 24 months.

Mentions:#POS#NCR#AMP
r/BitcoinSee Comment

What machine? Is it actually the NCR/Blackhawk rollout or does this company just have its own thing with Strike?

Mentions:#NCR

Anyplace that uses the Flexa payment rail powered by $AMP/Lightning Transformers. These rails include the point of sale terminals of NCR, Incomm, and more. 40k retail locations and 850 banks on NCR alone.

Mentions:#AMP#NCR
r/BitcoinSee Comment

What about what Jack Mallers is doing with Strike? Strike uses the Lightning Network to transact near instantly with business and retail transactions. As businesses discover there is another option for final settlement at cheaper rates, it may blow a hole in your argument. They would be able to instantly transfer funds from dollars to BTC back to dollars instant regardless of the USD price. When NCR gets onboard we will see.

Mentions:#BTC#NCR
r/CryptoCurrencySee Comment

The scan as a gift card thing is because they don't have a dedicated button on NCR POS yet. If you don't believe me, check out the whitepaper. There is no mention of using gift cards. If it were a lie, why would any respectable company partner with them? I believe the way it works is through an integration with gemini. So if I want to spend my bitcoin and Chipotle wants ethereum for example, once the barcode is scanned its sent through gemini where the bitcoin is sold and ethereum instantly bought and sent to the merchant. If the transaction is later flagged as fraudulent, amp token is liquidated from stakers and sent to the merchant to cover losses.

Mentions:#NCR#POS
r/CryptoCurrencySee Comment

Crypto payments and adoption are not as simple as you think. What would be the cost and infrastructure needed to be able to accept crypto payments natively at a merchant that has thousands of storefronts? Flexa wants to make payments as simple as possible, as intuitive as possible, without limitations to consumers and merchants. For consumers, Flexa wants to enable these payments literally on any application and make it as simple as presenting a Flexcode (a QR code of sorts) to the merchant or scanning a QR code from the merchant POS. For merchants, Flexa want the product to require the least amount of friction as possible, meaning no new hardware or training required, just the simplest integration as possible. Flexa is integrating directly with payment service providers like NCR, Blackhawk, Clover, Incomm, GK, Citcon, Rooam and Aurus. For partners (merchants and wallets), Flexa does all the heavy lifting on the compliance side, ensuring complete regulatory compliance and AML protections. Flexa also ensures that all payments are fraud proof and with instant finality, with the smallest fee possible to the merchants (always charge less than interchange). Flexa is taking the right steps to help bring crypto payments and all of digital payments to the masses.

Mentions:#POS#NCR
r/CryptoCurrencySee Comment

>Eventually on NCR POS systems they will have a Flexa button so you won’t have to scan as a gift card Okay so you're admitting it doesn't work that way now then. >Then they’ll stop selling your crypto for “gift cards” so please research this stuff before implying anything from a person saying “scan as a gift card” Why do i need to "research this stuff" in order to stop people spreading lies about how the system works? It's the people spreading these lies that need to do their research. You can't send crypto via a giftcard barcode.

Mentions:#NCR#POS
r/CryptoCurrencySee Comment

https://youtu.be/TwV_SKLR-Uk They are literally partnered with NCR and other GIANT Payment solution companies. It takes one quick google or YouTube search to confirm this. Just please stop spreading FUD

Mentions:#NCR#FUD
r/CryptoCurrencySee Comment

Eventually on NCR POS systems they will have a Flexa button so you won’t have to scan as a gift card. Then they’ll stop selling your crypto for “gift cards” so please research this stuff before implying anything from a person saying “scan as a gift card”

Mentions:#NCR#POS
r/BitcoinSee Comment

You are correct owning 51% the currency will get you nowhere (unlike the current system (or proof of stake)). The power of Bitcoin comes from two places, the miners and the nodes. If you owned 51% of the mining, you could try to do something but Satoshi thought of this. Please read the Bitcoin white paper. It is only 9 pages long. Don't get me wrong, it is dense. Here is one section to explain a little bit more: "Proof-of-work is essentially one-CPU-one-vote. The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If a majority of CPU power is controlled by honest nodes, the honest chain will grow the fastest and outpace any competing chains. **To modify a past block, an attacker would have to redo the proof-of-work of the block and all blocks after it and then catch up with and surpass the work of the honest nodes.** We will show later that the probability of a slower attacker catching up diminishes exponentially as subsequent blocks are added. To compensate for increasing hardware speed and varying interest in running nodes over time, the proof-of-work difficulty is determined by a moving average targeting an average number of blocks per hour. If they're generated too fast, the difficulty increases." (Satoshi, 2008) Bitcoin has a few properties that others have not figured out yet: **Decentralization. Limited supply. Immutability. Fast global transactions. Permissionless. Trustless.** Additionally, it has an **immaculate conception.** Bitcoin begun when the technology had zero value. People helped to make it better because of the technology, a property that could be transferred with a third party. During the time it had no value, people made it better. Most importantly, the founder, Satoshi, left the project and never spent his Bitcoin from the genesis block. If the US puts their might to attacking bitcoin, it maybe too late. The US would need to have to have the political will to do it. If you noticed earlier this year (Mar 9, 2022) Biden released an Executive Order to lead in the space. 🙄 One thing that politicians are learning is that they need to select a side. As more people make money in the crypto space, they are gaining influence. For example, FTX founder Sam Bankman-Fried donated more that $5 mil to Biden. Now he and other PACs are planning to donate to crypto friendly politicians. More importantly, Jack Mallers, Strike+NCR project, to add lighting network to many stores, reducing transaction fees and removing credit card companies. Soon incentives of hurting voters will make it so politicians would not want to attack their donors. *Note:* I am still learning about bitcoin. I have not been in it as long as many many others. However, I dedicated many hours to learning as much as I can about this technology because it will (is) change the world. The one thing I have learned is I will never understand it all.or know what the future holds but I believe bitcoin will have a major role (if on the backend or upfront). TL;DR: Owning 51% of Bitcoin doesn't get you anywhere. Bitcoin properties are: 1) Decentralized. 2) Limited supply. 3) Immutable. 4) Permissionless. 5) Trustless. and 6) had an immaculate conception. No other project matches this. Read the white paper.

Mentions:#CPU#FTX#NCR
r/CryptoCurrencySee Comment

Strike has already implemented lightning network payments on Shopify and NCR POSs in brick and mortar stores. It's up to the merchant to convert or keep BTC, but the demand as a payment rail will only grow organically. Those two adoption surveys were published in the past week. Feel free to inform yourself. And again I'm not claiming that it is some universal protocol, it is indeed very specific to transacting value, but that doesn't reduce its utility for the purpose it was created for. Anyway, you seemed to jump on my generalization of protocol vs. application and pointed out a technical difference in the level it operates on, which I agreed with. Not sure there is much else to discuss here...

Mentions:#NCR#BTC
r/BitcoinSee Comment

>Are you sure about that ? Yup, Strikes announcement was a lightning integration with Shopify, NCR, and Blackhawk. I highly recommend [watching the entire announcement](https://www.youtube.com/watch?v=dD2-T7TX2rk) because the implications are cheaper transaction fees for merchants, merchant control to receive either Bitcoin or USD (via stablecoins), and the ability for consumers to use either custodial or non-custodial (and totally private) payment solutions on the other end (given lightning is an open network). So this means we can now start a currency war under the hood of our retail purchases by choosing to support retail stores that declare Bitcoin reserves, choose to keep Bitcoin payments in Bitcoin, or even better declare that USD payments also convert into Bitcoin. But this also means payment systems are being integrated in ways that will support legal taxation policies. >Thats going to be a glorious day Fucking hard agree :) >Its what they are good at Yup, I think it makes sense that the further away from reserve status you are the faster your currency collapses. I think we will see a lot more countries get dollarized and accepting Bitcoin as a second legal tender to act as savings. Unfortunately, due to Bitcoins need to grow (and thus be volatile) I think this will initially give the dollar a lot of strength. That's why I don't see it collapsing until many others go down and Bitcoin grows much larger and stabler. >Except that the internet deletes place, ID, nationality, address, and all the static factors that rely upon it. Even today, you could be a tech nomad, with no fixed address, roaming internationally, working for bitcoin where ever the internet is good. I know people who do it. I cant say exactly how they deal with their taxes, but I know for sure its damn near impossible to audit them. Who do they work for? What is their income. What is their address. Noone knows. They just float around. If you are participating in self-managed gig economy work, yes. That's what I was alluding to. But you'll have to find clients on your own, rather than using the websites that help cater creators with clients. Also, while you may avoid taxation the stores you are shopping at cannot. Retail is largely consolidated into chains, small businesses using Square type products, Amazon, or smaller online retailers using services like Shopify. The majority of business is not coming from digital nomads. That said, as an individual who wants that lifestyle you will personally feel a great deal of freedom.

Mentions:#NCR
r/BitcoinSee Comment

> Square, NCR, and Blackhawk can already accept lightning payments directly Are you sure about that ? > The largest impact would be the government being forced to switch to measuring taxes in Bitcoin Thats going to be a glorious day > This I can see becoming a reality but literally every other fiat currency is going to have to collapse first. Its what they are good at > it becomes super easy to figure out which business locations are not doing it. Except that the internet deletes place, ID, nationality, address, and all the static factors that rely upon it. Even today, you could be a tech nomad, with no fixed address, roaming internationally, working for bitcoin where ever the internet is good. I know people who do it. I cant say exactly how they deal with their taxes, but I know for sure its damn near impossible to audit them. Who do they work for? What is their income. What is their address. Noone knows. They just float around.

Mentions:#NCR
r/BitcoinSee Comment

>New retailers could and will eventually use simpler apps for direct payments, and not centralized banking apps. its already viable for online retailers to setup a friction-less bitcoin/Ln payment system that is completely permissionless. The point is that a government can require these softwares be used. Large retailers will standardize and comply, many smaller stores will not want to risk being caught and automatically use them. >People do it naturally when it is the path of least resistance. Which it could become. Its not so much a tax protest as tax laziness. Imagine if people had to save money all year and send a big pile of cash to the IRS in april. Compliance would be near zero; so they prefer to suck it out of your check before you even touch it. Again, large employers will not be able to avoid using integrated tax payroll and most smaller employers will not risk being caught. Bitcoin just doesn't change these factors. You cannot trust all your employees/customers and they can't all trust you. Integrating with a public space adds enough risk for most entities to conform. >Once the hyperbitcoinization starts, there will be a wave of change. Legacy payment platforms and legacy methods of moving value will break, and people will be forced to find alternatives. And the best ones will be permissionless and frictionless, and inherently private and unstoppable by nature... which leads down to the following steps. I think you see the transition as being this sudden "BAM!" but it's going to be much more gradual. Not only that, but these payment systems are not going to break. Square, NCR, and Blackhawk can already accept lightning payments directly but the merchant side auto-handles tax, optional conversion into fiat, and everything else a merchant might need (tips, payroll, etc.). Small business don't have the resources to do all of that stuff themselves. There's a reason they have adopted companies like Square en masse and switching to receiving lightning payments more frequently won't change that. The largest impact would be the government being forced to switch to measuring taxes in Bitcoin (because otherwise they would be getting screwed by highly deflated dollars by the time the tax is paid). This I can see becoming a reality but literally every other fiat currency is going to have to collapse first. If these softwares start streaming taxes directly to the government (which could happen given how lightning works and how these merchant softwares are being integrated by large companies) it becomes super easy to figure out which business locations are not doing it. Lots of other tools will be available as well given the digital nature of Bitcoin.

Mentions:#NCR
r/BitcoinSee Comment

> Walmart is a great example of this, initially shrinking their margins to destroy small businesses around a new store. Walmart is a great example of regulator capture. Minimum wage, tax compliance, and other regulatory advantages let them out compete smaller retailers. They use loan leverage to afford to operate at a loss to push small businesses out of a locality, then once they are the only local store they can raise prices. > They exist and sound money does not get rid of them automatically. True, but it does help get rid of them in stages. > Bulk orders similarly ensure that some bare minimum quantity is worth shipping to a certain location. If it required a bunch of small business orders, they would group their orders into some kind of management corp (which then ends up acting like a sort of franchise). all the logistics and levels of such infrastructure work fine as businesses of their own right. Massive vertical and horizontal integration is artificial. > Companies will continue using Square, NCR, Blackhawk, or some other provider of payment terminals with built in New retailers could and will eventually use simpler apps for direct payments, and not centralized banking apps. its already viable for online retailers to setup a friction-less bitcoin/Ln payment system that is completely permissionless. > Ultimately, you greatly over-estimate Bitcoins ability to destroy the enforcement capability of governments. the first and biggest wave of change would have to come from a collapse of fiat, and thus a collapse of the distortion effect of debt bubbles. And this can be triggered by nothing more than people moving their trust to btc over fiat assets. the secret to value is that you cant force people to value things. Not by fiat, not by taxation, not even by violence. If people truly switch mentally to valuing sats over cents, there isnt anything government or the fed cartel can really do to stop it. Once the hyperbitcoinization starts, there will be a wave of change. Legacy payment platforms and legacy methods of moving value will break, and people will be forced to find alternatives. And the best ones will be permissionless and frictionless, and inherently private and unstoppable by nature... which leads down to the following steps. > The only way this could happen is if people broadly REFUSE taxation en masse protest. People do it naturally when it is the path of least resistance. Which it could become. Its not so much a tax protest as tax laziness. Imagine if people had to save money all year and send a big pile of cash to the IRS in april. Compliance would be near zero; so they prefer to suck it out of your check before you even touch it. This only works because most people are w2 wage slaves and dont control their own funds flow. As bigger companies collapse into smaller ones, that will change.

Mentions:#NCR
r/BitcoinSee Comment

>*\[On big business having advantages\]* only in gaining government favor. It doesn't help in a free market. Not true, I gave several examples the main one being superior negotiating power with suppliers and consumers, buying in bulk to get cheaper per unit and selling to consumers cheaper than competitors to push them out. Walmart is a great example of this, initially shrinking their margins to destroy small businesses around a new store. >*\[On global trade\]* Again, legal compliance, trade regulations, and other red tape make it so. First, you can't just ignore all of these factors. They exist and sound money does not get rid of them automatically. Second, it's not just about regulations. Shipping across oceans is just inherently big business. Even if the end retail stores were to stop being chains, some kind of large business would end up facilitating the core supply chain for different products given it cannot function well if different parts of the chain are not working in tandem. Bulk orders similarly ensure that some bare minimum quantity is worth shipping to a certain location. If it required a bunch of small business orders, they would group their orders into some kind of management corp (which then ends up acting like a sort of franchise). >Tax friction mostly. Most of the governments ability to tax is not the authority to tax, but the power to monitor, the efficiency of collection, and the power to freeze or confiscate. Take for example wait staff; until the credit card largely displaced cash for dining, they traditionally didnt fully comply with tax, and the cost of auditing them would far exceed the revenue. So the primary tax they paid was inflation on cash held. Without the power to freeze or force transfer money, without monitoring over bank accounts, and most importantly without the power to inflate, government scope reduces to about what it was in the 1800s. Still a bother, but a scarce percentage or less of what it is now. Companies will continue using Square, NCR, Blackhawk, or some other provider of payment terminals with built in tax, tipping, and other services. We are already starting to see a trend where Lightning is being integrated into these physical merchant devices. Employers will use similar software (the equivalent of todays Gusto, TriNet, SurePayroll, Square Payroll, etc). These companies are easy to enforce taxation upon, forcing them to make using their hardware/software in ways which avoids taxation impossible. Merchant device providers who attempt to service this desire can be shut down. Stores using unregulated/custom machines can easily be exposed and cracked down on using local state enforcement. Individuals can use lightning directly to "pay under the table" but this is no different than cash (though you could probably do global gig-economy type stuff under the table if you aren't a huge entity and know how to hide it well). Ultimately, you greatly over-estimate Bitcoins ability to destroy the enforcement capability of governments. The only way this could happen is if people broadly REFUSE taxation en masse protest. This might happen in a single country but is highly unlikely to happen globally. Eventually, the existence of other global countries (and militaries) will cause the people to bring a new government back into existence.

Mentions:#NCR
r/BitcoinSee Comment

All the negative issues (inflation, rate hike, decreased earnings due to logistics etc.) are NOT Bitcoin related, BTC was just collateral damage; while all good Bitcoin specific news weee never reflected (Strike with NCR, 43 Central banks trying lighting network, whales gulping over 80k Bitcoins in a day etc). It’s more likely the consolidation is for going up.

Mentions:#BTC#NCR
r/BitcoinSee Comment

Yeah I get it, I liking “playing” unbanked but I personally don’t have the network to really do that for real. My job pays dollars, the local stores don’t have NCR and Blackhawk machines (some use square terminals but not sure that works with Bitcoin yet). I can see that we are technologically there, but I wouldn’t call the infrastructure “complete” in the same way I wouldn’t call a few paved roads in the early 1900’s “infrastructure complete”. It’s possible, now we just need the widespread adoption of both the currency and the payment rails. Pretty bullish on this btw, just think there’s more to come in the next 2-5 years.

Mentions:#NCR
r/BitcoinSee Comment

**Infrastructure does not exist:** 1. On-chain insufficient for merchant transactions. 2. Lightning not integrated into many wallets. 3. Very difficult/technical to manage a small lightning wallet connected with larger "account" wallet on-chain. 4. Visa cards are not "infrastructure" they are banking rails selling your Bitcoin on centralized spot exchanges. 5. Lightning is only recently integrated into NCR, Blackhawk, and Shopify. This is a great expansion into direct in-store and online payments but its not fully encompassing (and lightning wallets are not ready for the average person). People tend to think "technically working" means that infrastructure is done. That's like saying "Well this one town has a road down the center of it, why aren't cars taking off now that the infrastructure is here?" Bitcoin will stabilize along with infrastructure improvements and more easily accessible circular economies. Similar to cars, it's usefulness (and therefore adoption) increases along with that infrastructure. In Bitcoins case, this means the value will remain upwards volatile while this process continues.

Mentions:#NCR
r/BitcoinSee Comment

Well, I would come back at you with the fact that your "Crypto Visa Card" is total BS "infrastructure" compared to what is actually needed. It uses banking rails and simply spot sells your Bitcoin on some exchange. That isn't a circular Bitcoin economy and isn't using Lightning or other solution which transacts in a decentralized way. It's just giving crypto to banks. Lightning integration in NCR, Shopify, etc. is REAL infrastructure and that is only a year in. Most longtime Bitcoiners still haven't even tried it out because lightning still isn't easily accessible.

Mentions:#NCR
r/CryptoCurrencySee Comment

Strike/NCR would absolutely still count as a third party in this scenario though.

Mentions:#NCR
r/CryptoCurrencySee Comment

Yeah this mass adoption argument is ridiculous, it's actually pretty damned widely adopted considering how long it's been around. We're not there to where you can just pay with crypto anywhere you go but it's getting pretty close to that point given some of the recent announcements (i.e. Strike and NCR and Block and their Square terminals). That support hasn't been finished being built yet but it's clearly coming.

Mentions:#NCR
r/CryptoCurrencySee Comment

Isn't that what Strike is setting out to change with their NCR and retail partnerships? You send your native currency over the BTC Lightning rails without the need for any third-party bank or exchanges. https://www.youtube.com/watch?v=YTqCs6RY9O4

Mentions:#NCR#BTC
r/BitcoinSee Comment

Jack Maller isn’t trying to monopolize the lightning network nodes. He’s trying to monopolize the nodes integrating into payment machines. If he does, then raises prices, these companies like NCR will simply invest in their own Lightning integrations. The payment network itself makes the cost of doing this near zero because you don’t need your customers to switch out what they’re using. In Jack’s perfect world, he manages all the merchant nodes with Strike, takes a very small fee to make it seem pointless to move away, and continues having a Bitcoin profit generating business with near zero maintenance costs.

Mentions:#NCR
r/BitcoinSee Comment

By the end of the year any place with NCR or blackhawk POS systems will have a bitcoin lightning integration. So anyone with a lightning wallet can spend their bitcoin easily. Some places are already live. Shopify also accepts lightning payments

Mentions:#NCR#POS
r/BitcoinSee Comment

Check out Strike (strike.me) - Jack Mallers payment platform for bitcoin. You can take credit cards deonimated in fiat and receive bitcoin. Or customer can pay with bitcoin and you receive fiat. Integrates with popular POS terminals (like NCR) as well as Shopify. He presented at the recent bitcoin conference. Pretty cool tech. All runs on lightning network. Zero merchant fees. Well worth a look. Hope this helps.

Mentions:#POS#NCR
r/BitcoinSee Comment

Maybe small businesses are using NCR and/or blackhawk machines? Strikes integration definitely makes the 2,300 US businesses stat wrong. Pretty much every single big retailer (wallmart, mcdonalds, etc.) can be paid over lightning now. Might be that 33% of small businesses have the same machines?

Mentions:#NCR
r/BitcoinSee Comment

Check out Strike payments. https://strike.me/ Integrates with Shopify, NCR and some other big e-commerce gateway. Can accept fiat from customer and pay to you in bitcoin. Uses lightning network so fees are practically 0. No merchant fees! I just watched his presentation from Bitcoin 2022 conference - including live demos of it working - I was impressed by what they have achieved in a relatively short time. Agree with you - it’s a game-changer!

Mentions:#NCR
r/BitcoinSee Comment

Strike is primarily a merchant integration company where the entire purpose of the lightning integrated wallet (the user facing app you interact with) is to make sure there's at least one front end for users to get into the lightning network. Their lightning rails are ultimately facilitating the NCR, Blackhawk, and Shopify integrations such that anyone using any other lightning wallet will still go through Strikes lightning nodes (and optional stablecoin conversion process) on the merchant side. Cash App, Moon wallet, and others will compete for compelling front end applications and will balance convenience/security/privacy for the various types of users. Strike isn't really going after that just yet since they aim to control as much of the merchant side as they can. That said, I'm sure they will expand on the Strike app going into the future.

Mentions:#NCR
r/BitcoinSee Comment

Gold has a monetary premium that makes up 95%+ of its demand. Any use case it has is dwarfed by the price given how much of it sits doing nothing in the hands of investors. It’s not the most demanded commodity, it’s the most scarce commodity. Thus, you must conclude that it’s scarceness is the source of most of its value (btw, more money is spent mining gold today than is spent making jewelry and electronics, so investors are the only thing keeping its value where it is at). Bitcoin CAN be used as money. Much easier than gold can. The limitation is adoption, not utility. As the lightning network continues to integrate into all of the Bitcoin wallets you will more easily be able to directly use it in stores (because of what Strike has done with NCR machines and the like). The real question is, “when do people actually want to spend their Bitcoin?” Adoption gives Bitcoin an upside that far extends inflation such that true philosophical Bitcoiners simply don’t want to spend it unless they run out of fiat. By the time Bitcoin checks all your boxes it won’t be an investment anymore because the adoption simply has to come first.

Mentions:#NCR
r/BitcoinSee Comment

Should be easier once NCR + Strike integration is live.

Mentions:#NCR
r/CryptoCurrencySee Comment

Check out Flexa network. You can head over to the AMP subreddit and they can point you in the direction you need to go. AMP is used to collateralize the purchase instantly, so you don’t have to worry about fraud or the transaction being denied after being delayed. Fees are a fraction of what legacy payment companies charge and the best part is if you have any NCR PoS sulystens, it’s just a simple software update. You don’t need to buy anything to use it. I highly encourage you to head over there and find out. Best of all it lets them pay with any crypto or fiat they want and you can receive payment in any crypto or fiat you want

Mentions:#AMP#NCR

How about some click bait type links so I can conveniently read about those NCR and Strike integrations.

Mentions:#NCR
r/CryptoCurrenciesSee Comment

The problem is that in order to receive it stores need a machine that actually understands crypto. It’s not just a software problem but a hardware problem. That’s why Strike lightning integration into NCR machines is such a big deal. It’s not just “pay with a credit card that sells your crypto”. It’s “pay from anything hooked into lightning and let the merchant decide whether to keep it in Bitcoin or convert it to a stablecoin with Strikes integration with NCR.” This means near zero fees for the merchant making it a superior payment rail even for dollar transactions. More than what rails are being used (important too but…), my interest is in building a circular economy. I don’t want to spend Bitcoin unless the merchant has signaled they receive and keep Bitcoin. Otherwise, I’m just complicating my tax life and adding downward pressure on Bitcoins price. I’m excited to use the new lightning integration to buy things at retail stores, but I’m going to use stablecoins not Bitcoin. I’m trying to offload fiat not Bitcoin after all. It’s a great way to support the payment rail infrastructure without causing the negative pressure on Bitcoin.

Mentions:#NCR
r/BitcoinSee Comment

Yep. Also, the strike partnership with NCR. This is happening. Right now it’s just a trickle, but when the dam breaks, it’s going to be unreal. I feel like when capital from the bond market floods into bitcoin allocations we see yet another step-function increase in bitcoin’s purchasing power.

Mentions:#NCR
r/BitcoinSee Comment

has anyone used (or seen the option to use) Strike online with shopify yet? Or how about the self checkout NCR machines, when do those go live?

Mentions:#NCR
r/BitcoinSee Comment

Get an NCR machine which has the Strike integration to accept lightning payments. This does not require KYC on the customer side and broadly supports all tradfi rails too. It also means 0% bank/card fees when someone uses either Bitcoin or Stablecoins over lightning. You could even give customers half the saved fees as a discount to sweeten the deal and incentivize using lightning rails.

Mentions:#NCR
r/CryptoCurrencySee Comment

tldr; Payment network Strike has announced integrations with Shopify, Blackhawk Network and NCR, making it easier for global merchants to accept Bitcoin payments. Strike CEO Jack Mallers said that over 400,000 storefronts will now accept Bitcoin through the Lightning Network. Strike’s integration could boost Bitcoin adoption to unprecedented heights and reduce volatility in the number-one digital currency’ *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#NCR#DYOR
r/BitcoinSee Comment

>I believe Strike was first deployed in the US. I'm not in the US so I can't test it really. Then you're not really as adept as you claim or think you are, in which case this won't affect you as you would have noticed already if you were; either way, the point is that I don't want to detract from the NCR news, which is a big deal. But, what I fail to realize is that from El Salvador until now we saw Strike being the reason for LN adoption, where in reality it's been CASH app that has onboarded way more on to LN then Strike has by a significant margin. What Mallers has done is be the poster child for why LN works and will disrupt the legacy payment system, while the heavy lifting (Strike has really low purchase limits under even the best case scenario) is done elsewhere. Again, I think we should be glad Mallers is in the community over all, but he is mainly a hype-man, his stage presence at 2022 was an improvement to 21, but he gets and does media (that mainly only boomers watch) whereas Dorsey will simply just sponsor an event and focus on his other ventures knowing full well CASH has onboarded more onto LN than anything else to date including Strike, he has backed Lightening labs, and continues to get into other markets outside of the US with CASH. I'm more excited about Blockstream, Block, and Tesla mining operation: in truth, you can just use Muun and withdraw your funds from CASH that were acquired from renewables from them onto your own wallet bypass all the BS regulations that come from either/all services. I wonder if there will be a secondary market for eco-friendly coins, it will be interesting if coins derived from CASH's command a higher mark-up because they prove all the anti-BTC people that Bitcoin is inherently wasteful when in reality it's only spurring on more renewable and recapturing services with a financial incentive.

r/BitcoinSee Comment

honestly idk if im being too optimistic, but with strikes announcement of integration with NCR and Blackhawk id hope more and more places would allow for payments via the lightning network, which would in turn lead to a increase in LN adoption. only thing is we need to see what goes on on the regulatory side, cuz rn if you pay in btc you technically need to pay capital gains on the transaction.

Mentions:#NCR#LN
r/CryptoCurrencySee Comment

I mean if you want to use a Crypto payment processor then its going to be ‘custodial’ to process the transaction. Merchants want economic finality. If you don’t want that then you are just doing peer to peer transactions. No matter what Wallet is used to pay (strike, spedn, etc…) it still needs to go through a legal licensed crypto payment processor (money distributor license) to legally do business in the USA. That means Blackhawk, NCR, OpenNode, Flexa… all these companies have the required money distributors licenses to do payment processing for the Wallets and Merchants that are partnered with them. The economic finality is instant. The moment someone pays it goes through their crypto powered network and reaches your wallet in an instant. The economic finality to your non-custodial wallet is instant. Otherwise you just need to do peer to peer transactions, which defeats the purpose of a payment processor. You could just plop your wallet address on your site and do it all manually after someone pays (transfers to your wallet) and emails you their sending address.

Mentions:#NCR
r/BitcoinSee Comment

When BTC came down from 48k, there actually wasn’t any strong reason. People are not thrilled by the Miami party, but nothing there was bad. You may like Apple more than NCR, but hey that’s still a good step forward. Ok, inflation is high, but that doesn’t hurt Bitcoin’s earnings. So BTC actually shouldn’t need any particular reason to just go back to $48k.

Mentions:#BTC#NCR
r/CryptoCurrencySee Comment

Not yet, but that's absolutely the plan. Jack Mallers presentation at Bitcoin 2022 showed that Strike has partnered with Shopify, Blackhawk, and NCR and later this year you'll be able to purchase stuff directly over Bitcoin/Lightning without the need for any third party intermediaries. Visa and Mastercard's days are numbered. [https://www.youtube.com/watch?v=lRM7ESQfe5c](https://www.youtube.com/watch?v=lRM7ESQfe5c)

Mentions:#NCR
r/BitcoinSee Comment

1. It's more than 3%, it approaches 3.5% because processing fees are not the only cost of supporting bank cards, there are also chargebacks. For a store like walmart up to .5% of their orders are charged back due to fraud and stolen cards. When that happens they lose both the money and their product. Bitcoin doesn't have chargebacks so they keep the money and therefore don't lose anything to chargeback scams. 2. A savings of ~3.5% is great but it doesn't mean these companies are integrating bitcoin. There are costs to accepting bitcoin, including shareholder problems, for example the ESG agency gives low environmental scores to companies with a pro-bitcoin stance. A low ESG score can cost a company billions of investor dollars as investors move away from low-scoring companies to higher-scoring companies. Walmart et. al. are not going to rush into this and ask customers to start using this payment system. I wouldn't be surprised to see some of these companies run a bitcoin pilot in a remote area but my point is that it's a mistake to think that all these companies accept bitcoin now. The announcement isn't that they *currently* accept bitcoin but that it's now *as easy to accept bitcoin on ncr devices as it is to accept visa or mastercard* -- with this exception: brand awareness. People who buy an NCR or blackhawk device know immediately that in order to actually do anything with it they have to go to the websites of visa/mastercard/amex/discover, sign up for a merchant account, and enter the site's api key into their device. They don't yet know that they can now do the same thing with strike and accept bitcoin too without changing their hardware. That's cool but it doesn't mean immediate merchant option is here. Each merchant still has to choose to open those devices back up and put in Strike's api key. And most of them don't even know Strike exists so it's unlikely they'll do it without bitcoiners prompting them.

Mentions:#NCR
r/BitcoinSee Comment

Thank you, thats exactly correct. They left out other crucial information * When said integration would even be complete * What kind of fees and overhead would be included (neither strike nor ncr are charities) * What kind of KYC overhead would be imposed. So it amounts to very little: "Strike and NCR might do some collab integration, one day, maybe." It means nothing yet.

Mentions:#NCR
r/BitcoinSee Comment

These companies aren't adding bitcoin support. Strike's announcement was that anyone with an NCR device *can* integrate Strike (and therefore bitcoin), and they gave these companies as examples of people who use an NCR device. Any company who actually wants to accept bitcoin payments still has to go to Strike's website and create a merchant account, then connect their NCR devices to Strike's api. None of these companies plan to do that so it's not as big of a deal as everyone seems to think. You're not about to go pay bitcoin at McDonald's or Walmart, etc.

Mentions:#NCR
r/BitcoinSee Comment

One of the most common PoS systems, NCR, is already adding in support to their PoS systems which mean the majority of McDonald's in the US at least for example with support it here shortly.

Mentions:#NCR
r/BitcoinSee Comment

He partnered strike with companies that make Point of Sales, and checkout plugins. Effectively: If you have a website that uses Shopify to take payment, you should have an option to use Strike as a payment method. If you use a PoS (credit card machine) that is supplied by NCR, then you should have an option to take payment through Strike by showing a QR code. As a customer, you don't need Strike, you just need Bitcoin, or a wallet or app that can spend Bitcoin. If you have strike, or another similar app like Bottlepay in the UK or the BeachWallet in El Salvador, you can spend your fiat cash over the Bitcoin Network. Even if you spend fiat, the fees are much lower when using Strike as a payment option because Visa and Mastercard are not in the picture. So win win win. You can spend Bitcoin, the merchant will get the fiat they requested, they will pay less fees, Strike will get some profit from fees. If you live in the US, consider just using Strike, because otherwise, if you spend Bitcoin that you have been holding, then that's a taxable event and you will have to work out and pay capital gains. I think he's working with Sen. Lummis to make small payments exempt from capital gains. What does this mean:::::: You can now convert ALL of your money into Bitcoin, and you can live off it without ever having a credit card or whatever. You could have a Strike account, take payment with it and therefore have only 1 bank account in the whole world. Chances are, that if Strike becomes popular enough, then because of its cheaper fees, companies will offer discounts to push everyone over the edge which will drive curiousity and adoption of Bitcoin.

Mentions:#NCR
r/BitcoinSee Comment

they are already irrelevant, look atthe bitcoin conference of jack mallers and the NCR integration at 0% fees for transaction of dollar to satoshi to dollar using lightning. I wouldnt spend any sats to pay for everyday goods, first unload dirty fiat.

Mentions:#NCR
r/BitcoinSee Comment

>Find people with skill and knowledge in ~~cryptocurrency~~ Bitcoin, not cryptocurrency > Build out infrastructure to host however many lightning nodes will be needed to handle all their purchases you only need one for multiple stores, that's the beauty of this. > Buy a whole bunch of Bitcoin to load up channels or earn it first by accepting onchain bitcoin first via btcpayserver > In every store, at every register, they would need to find space for and install a new device specifically for one payment method, which less than 1 percent of the population are interested in paying with A merchant can use their phone which can connect to their btcpayserver using the zeus app. but I take your point for mass deployment logistics to things like Walmart. >Train all of their associates on this new system more orange pilling, more sovereign adoption >Maintain a whole new department for balancing lightning channels there are automatic channel balancing programs out there. >They could say "Yeah, NCR and ~~Blackrock~~ <-Blackhawk Networks, hit the big update button on those terminals to let us use Strike". >Which route do you think they would prefer? likely jack's since it's low friction. >What difference does this make to the end-user? for customers paying, none. for the merchant, there's a huge difference between a custodial lightning option and self sovereign bitcoin lightning node. privacy being a big factor as well as risks involving the safety of funds earned. What difference does it make to Bitcoin, who is processing the payment? The less nodes there are, the more centralized the network. jack's proposition is a centralizing option.

Mentions:#NCR
r/BitcoinSee Comment

I don't mean to sound condescending, but I don't think you've thought this through. So, I'm going to use Walmart as an example here, but multiply this by how many stores and chains NCR handles: They would have to: - Find people with skill and knowledge in cryptocurrency - Build out infrastructure to host however many lightning nodes will be needed to handle all their purchases - Buy a whole bunch of Bitcoin to load up channels - In every store, at every register, they would need to find space for and install a new device specifically for one payment method, which less than 1 percent of the population are interested in paying with - Train all of their associates on this new system - Maintain a whole new department for balancing lightning channels OR: They could say "Yeah, NCR and Blackrock, hit the big update button on those terminals to let us use Strike". Which route do you think they would prefer? What difference does this make to the end-user? What difference does it make to Bitcoin, who is processing the payment?

Mentions:#NCR
r/BitcoinSee Comment

> Hopefully none. You can already send to strike users from any bitcoin or lightning wallet without kyc. Sure, we'd love that. I snort as much hopium as the next guy, but until its actually working and implemented without KYC we should reserve judgement. They havent even announced what their fee or cut would be, and what compliance rules they think they will need. NCR right now requires faily exhaustive KYC for everything they touch except cash, and cash is extremely limited in legal purchase amounts and velocity. If they start taking lighting with no KYC it would be a massive sea change for retail. Not to mention with 2 middlemen between the merchant and the customer there has to be some kind of fee involved. Just blithely believing that those two things wont happen when neither of them has even been promised is a bit too strong of a toke imo.

Mentions:#NCR
r/BitcoinSee Comment

It's strategic. It's a foot in the door at some of the highest transaction volume businesses in the world. It's preparing for adoption on a bigger scale. It's making sure that when the time comes to accept bitcoin day-to-day that McDonald's, Walmart, etc are the first online to offer another easy way to accept payment from the masses. It may not be turn key yet, but when the world is ready, so are the big chains with NCR positioned to make the connection before someone else figured it out.

Mentions:#NCR
r/BitcoinSee Comment

That's a powerful incentive to accept Lightning - 3% fees are pretty outrageous for many merchants but many of the big ones like WalMart, Macy's, McDonalds, etc pay much lower through negotiated agreements. These larger merchants also operate back office settlement and recon departments at massive scale. They can't easily set up a bespoke unit to separately handle the reporting necessary to feed their accounting systems - Blackhawk nor NCR help in that process. Not to even mention returns processing which will require another bespoke process. I'm bullish on Lightning and we need an energy like Mallers out there driving change - but this announcement left far too much to the imagination. If he had a rep from one of those top tier merchants on stage with him explaining that they'll be accepting Lightning in time for Holiday shopping, that's when we need to celebrate.

Mentions:#NCR
r/CryptoCurrencySee Comment

AMP is highly undervalued In my opinion, especially since Strike wasn’t announced at BTC Convention. AMP has patents in 36 states and adding more every day, provides guaranteed payment to merchants (a huge problem not solved by traditional Credit payments today), and integrates with NCR to use existing technology to accept crypto payments… I increased my bags about 7x on this dip!

Mentions:#AMP#BTC#NCR
r/BitcoinSee Comment

partnering with NCR, which is in many retailers, doesn't mean they will use the fucking payment options NCR can accept lots of things that mcdonalds won't take

Mentions:#NCR
r/CryptoCurrencySee Comment

Finally...someone who gets it. Plus, with the Lightning integration announced over the weekend with NCR and Shopify for near costless and instantaneous purchases, most remittance coins have now lost their use case.

Mentions:#NCR
r/CryptoCurrencySee Comment

Especially with the NCR and Shopify integration. 99% of shitcoins just lost their use case.

Mentions:#NCR
r/BitcoinSee Comment

Mallers enthusiasm is infectious but this announcement leaves more questions than answers. Shopify will partner with anyone, eComm merchants have over 100 payment types available to them. Blackhawk processes very few payments so puzzling what role they play. Their primary role is in distributing gift cards. NCR is well established in retail, convenience, grocery but they'll have little influence over the brands (McDonalds, WalMart etc) to convince them to accept Strike payments - the back-office implications (settlement, reporting, disputes / refunds etc) are significant. This announcement feels extremely premature.

Mentions:#NCR
r/BitcoinSee Comment

1) people will spend when it appreciates, not when they are losing 2) money transmitter licenses needed in most states (in US) 3) integration with NCR, ApplePay logistics

Mentions:#NCR
r/BitcoinSee Comment

Correct. That’s why strike partnered with NCR (the pos company).

Mentions:#NCR
r/BitcoinSee Comment

Most plebs don’t know anything but Apple. If you talk point of point of sale systems it just glazes over. NCR sounds boring and industrial, Apple sounds sexy. Plebs want sexy. It’s why I genuinely doubt the majority of the Bitcoin crowd truly understands how revolutionary the technology is. To them, it’s just about associating with luxury brands they already know rather than the utility or payment rails system.

Mentions:#NCR
r/BitcoinSee Comment

NCR has already partnered with *shitcoin* 2 years ago to make all shitcoins spendable. Its big but apple would be bigger news because of the brand.

Mentions:#NCR
r/CryptoCurrencySee Comment

Are you running NCR registers?

Mentions:#NCR
r/CryptoCurrencySee Comment

Imo, this is WAY overstated. McDonald’s, Best Buy, etc, all have proprietary POS systems and any existing partnerships with NCR, etc. are simply on an individual franchise level. You can see in the link below that NCR does not make up a considerable portion of POS Market Share in North America: https://www.datanyze.com/market-share/pos--382 I don’t personally think anybody will be seeing LN integrated payments in any of the listed retail brands within the year.

Mentions:#POS#NCR#LN
r/BitcoinSee Comment

tldr; Jack Mallers, the founder and CEO of Strike, has announced that over 400,000 companies will be able to accept Bitcoin now. Strike is a wallet that allows instant payments between people through an overlay of the Bitcoin network, the Lightning Network. Strike has partnered with Shopify, NCR and Blackhawk Network. McDonald’s, Walmart and Starbucks are among the brands that will now accept Bitcoin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#NCR#DYOR
r/CryptoCurrencySee Comment

>This announcement seems to be US only I don't think so. Shopify, NCR and Blackhawk are global payment providers, and they have online and offline customers around the world, not only in the US. Also, I don't see anything that states the integrations would only be limited to the US. Even assuming all of this is limited to the US, Strik