Today we’ll be live discussing about Base Batches 003
A session to help our community understand Base Batches 003 and how to get involved.
we’ll break down what Base Batches 003 is, and how builders can benefit from it.
Live on: X Space & Google Meet
Link in the comments👇👇
Happy Bitcoin Pizza Day!
On this date, 16 years ago a programmer paid 10,000 BTC for 2 pizzas proving ₿itcoin could function as a medium of exchange in the real world.
Happy Bitcoin Pizza Day!
On this date, 16 years ago a programmer paid 10,000 BTC for 2 pizzas proving ₿itcoin could function as a medium of exchange in the real world.
What we've learnt building payment infrastructure from Tanzania. Three lessons from the trenches:
1. Banks & Financial institutions move slow. Until they don’t.
Getting a bank partner took 18 months of conversations. Then one meeting with the right person changed everything. Right partners go a long long way.
2. Mobile money is king, respect it.
60%+ of Tanzanians use mobile money. Any payment product that ignores M-Pesa, Tigo Pesa, Airtel Money is dead on arrival. We built @ntzs_co to plug into mobile money & banks, not replace it. Just make it more programmable
3. Regulation isn’t the enemy.
Regulators are watching and that’s good. We want @ntzs_co to be compliant, auditable, and trusted. Working with regulators directly not around them is the path for us and the sandbox is the first step.
How to mint and redeem nTZS: Tanzania's digital shilling. A quick guide.
How to mint nTZS: (getting it)
Step 1: Register & Complete KYC/B. Deposit Tanzanian Shillings through a partner channel. This includes M-Pesa, Airtel Money, Tigo Pesa, card or a bank transfer through our PSP partners.
Step 2: Your TZS is locked in reserve. The moment your deposit is confirmed, the equivalent amount of nTZS is issued to your wallet. 1 TZS in. 1 nTZS out. Every time, without exception.
Step 3: nTZS arrives in your wallet in minutes. Available 24 hours a day, 7 days a week, including public holidays.
Once you hold nTZS you can send it globally, earn yield, use it for settlements or even build financial & other customizable products on top of it. Get started today at https://t.co/J76IOnNA5e
A local stablecoin users can't redeem is just a token with a good story.
with @ntzs_co send it back, it burns, your TZS arrives. Every time. 1:1.
Redemption isn't a feature. It's the foundation. Anyone can issue a digital currency. The hard part is guaranteeing you can always get real money back, swap efficiently etc.