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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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19231517 No.19231517 [Reply] [Original]

I am currently employing 5 Venezuelans online and paying them in btc, but due to the large transactions it doesnt seem cost effective for the, they can lose a day's wages in one fee. Do any of you guys know of a better method to pay them. keep in mind it has to be simple for them to use, and be able for them to either purchase things or switch to usd.

>> No.19231549
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19231549

Ethereum? You could always pay them in wholesome advice and blessings

>> No.19231572

Why not use TRX or XRP? Super low fees

>> No.19231574

>>19231549
I was thinking of ethereum, but I couldnt find a wallet that they could use. right now they are currently using, blockain.com's and the commission alone charges a ton

>> No.19231615

litecoin fees are famously low.

>> No.19231622

>>19231517
I have heard that they also use Dash and Eth, maybe you could use tether ?

>> No.19231653
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19231653

>>19231517
>I am currently employing 5 Venezuelans online

>> No.19231664

>>19231572
are you aware of a wallet i could set them up with easily.

>> No.19231687

Tronlink is easy to use and extremely fast. Plus the price of tron doesn't fluctuate all too much.

>> No.19231776

>>19231664
Reminder that XRP will force them to keep 20 coins in a wallet for whatever reason

>> No.19231826

>>19231517
DASH or BCH.

>> No.19232108

How is your relationship with them? High trust? You could just banana republic them and use IOU's, then at a certain level call it a payout and give lump sums. Less transactions =less fees.
I don't understand how they are using btc and worried about a wallet though. Does it just need to be a wallet or do they want a fiat on/offramp? I usually go with LTC or ETH when buying stuff online because it's fast and cheap. Can they not use one of those swapping websites? I forget the name but you send x shitcoin and receive y shitcoin. I'm assuming they want savings in crypto because of local currency turning to shit, but I guess with inflation they are trying to convert as little and as often as possible to minimize exposure, which effectively means doing it monthly for bills and groceries. Hard to work with unless they get everyone else doing business in shitcoins too.
It's a cool use case and helps them out. I wish I knew a good solution.

>> No.19232120

LTC

>> No.19232243

>>19232108
I pay them based off order completed, they dont have bank cards, so I am trying to think of effective ways for them to get their money. the wallet they are currently uses can charge up to 2$ for commission not just the fee for when they do a transaction.

>> No.19232294

>>19231776
Reminder that the validators just passed an amendment that allows you to delete wallets and recover the 20XRP fee.
>>19231664
Xumm just came out in beta, it's a dedicated XRP wallet made by a small studio who's directly funded by Ripple.

>> No.19232348

XLM was made exactly for your situation

>> No.19232476

>>19232243
I'm not asking you to share your business model if it's sensitive. How big is an order? If they would be OK with payment for every two, three, five, etc. orders it could relieve some of the fees. I haven't heard of them until today but it looks like coincola operates in Venezuela and has btc, eth, ltc, and a few others. Might be worth a look.

>> No.19232501

Venezuelans love XMR and its privacy protocols

>> No.19232504

>>19231517
bsv and handcash

>> No.19232710

>>19231517
Pay them in BSV or ETH.

>> No.19232724

XRP

>> No.19232746

>>19231517
>high fees
>but its the future

>> No.19232766
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19232766

Nano, obviously. http://nano.org

>> No.19232783

>>19232243
literally what smart contracts and chainlink is made for

we are all gonna make it.

>> No.19232790

>>19231517
best choices:

LN
or
simply load up a wallet and send them the 12-words in some secure fashion.

>> No.19232824

>>19232746
>it cost too much to send my lawn boy armored cars with gold coins therefore gold sucks and no one will use it.

>> No.19233824

Check out https://reserve.org/

Their app is live in Venezuela and works with PayPal. Not sure if it's too early for your case, but in the future it would be as easy as sending them some RSV digital dollars and they can convert it to their local currency through the app.

Oh and buy RSR, it's the next 100x.

>> No.19233890

>>19233824
Look at how RSR shills never bump certain posts, they want to emulate LINK shills by making custom memes and it's highly likely that it's all shilled by the same group, I'm doing this because I worked my ass off to get my economics degree and I hate a fucking ignorant fuck talking shit with the attitude of someone that know what he's talking about.

If you know basic economics and basic tokenomics you already know that this shit is a scam but if you don't know here some facts:

RSR CEO has no academic background, Linkedin has no University or nothing,
Youtube videos comments are disabled because they know they're talking shit.
Tokenomics unsustainable and totally vapourware.
Forbes article made by muh contributor
Devs hold 70% of the supply
Circulating supply is 4% of the total which means you'll need at least a 25x to only break even long term.
No company address on the website, no professional info whatsoever.


There's literally nobody on the team that has the proper economic knowledge to even properly consider the idea that they've thought of.

They literally have N O T H I N G to show for, no code, no algorithms, just a few blog posts and screenshots of an app any 10 year old could create.

As I have previously stated they will face regulatory issues, the sec won't just allow them to "become the biggest stablecoin business" dealing with sanctionned countries. Even if

Reserve seems to claim they need KYC - i disagree, they need AML. They cant seem to tell the difference.

Getting off the peg, lol what fucking retards, even Tether, the biggest ponzi of all is pegged, they don't talk about public statements about the reserve, they don't talk about nothing, they just go arond with the attitude of being intellectual and that's why I hate them, at least Bitconnect was obvious and funny, ZBUX is a meme, BRAP too, these guys act as academics and that's why I hate them, because they're not even 1/100 of what an academic is

>> No.19233947

>>19231653
That’s a rock crab . Noob pures train on them

>> No.19233950

>they can lose a day's wages in one fee.
You make them pay the fee?

i don't know man
can't you set them up with an address directly?

>> No.19233974

>>19231517

Litecoin. It's on literally every exchange there is where bitcoin is traded.

>> No.19233976

>>19232783
You are a fucking idiot. Chainlink is a centralized price checker . THAT IS ALL

>> No.19233988

>>19231517
dash probably, seems common in venezuela

>> No.19233998

>>19231517
Western nuion

>> No.19234025

BCH and BSV

Or even LTC

>> No.19234239
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19234239

>>19231517
They can get a MCO debit card
And you can send them crypto from an account from here to their account

>> No.19235055
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19235055

Future currency right here

>> No.19235289

BCH
BSV
ETH
in alphabetical order

>> No.19235401

>>19231517
NANO, duh.

>> No.19236637

XRP, XLM

>> No.19236912

>>19231517
I thought in the latin countries they also used Dash as payments.

>> No.19237539

>>19235401
This if has zero fee and has no where to go but up

>> No.19238001

>>19231574
Just get them to make a wallet on MyEtherWallet

>> No.19238360

>>19231517
mymonero.com is even easier than blockchain.com

Monero has very low fees and presumably some adoption in Venezuela.

>> No.19238403

Wtf are they doing for you

>> No.19238461

>>19238403
Private strip shows/ sex etc.

>> No.19238522

>>19232243

Have you considered just... paying the fee for them as part of their wage?

Holy shit. You're really trying to nickel-and-dime starving Venezuelans? Only on /biz/

>> No.19238650

>>19231517
Just curious... what are they working for you?

>> No.19239713

>>19232790
Is this satire?

>> No.19239781

So, hypothetically speaking would someone be able to hire Venezuelan women to do sexual things in exchange for Bitcoin or whatever meme coin online?

>> No.19239859

Gotta know what work they do. Would love to hire some venze coders and graphics.

>> No.19240352

>>19231517
DASH is widely used and accepted by a lot of businesses in Venezuela from what ive heard

>> No.19240663
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19240663

>>19231517
put the money in a new wallet and give them the seed

>> No.19240852

>>19231615
this

>> No.19241177

>>19231653
i don't know why but this made me laugh
ty anon

>> No.19241196

>>19238522
a nickle and dime to a venezuelan is like 50 bucks to them though

>> No.19241223

>>19231517
Are you really that retarded? No, no, please, keep sending them btc and make sure to set the highest fee, so you can ensure that they receive the money as fast as possible... Dumbfuck...

>> No.19241226

I hate venezuelan prostitutes, they think they are super models and refuse bareback.

>> No.19241228

>>19231517
use ETH, nano, or the lightning network

>> No.19241241

>>19231517
Are you retarded? Use Ethereum(ETH, usdt, Dai) literally cents per transaction at most