this post was submitted on 21 May 2024
1 points (100.0% liked)
Monero
1666 readers
9 users here now
This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's not capital-efficient for high volume crypto-fiat sales because every coin can only be listed/earmarked with a single payment method. Meaning I can't list all my XMR at once with every payment method I take as an option, just one. I was told if I make a custom listing with all my payment methods then I'd basically be fucked in arbitration. So I can tie up all my available coin with one payment method in one listing, or pick a few payment methods and split my coin among a few listings. None of those options are efficient for crypto-fiat.
Ways I'd currently use haveno-reto:
But the way it's set up for fiat is too limiting for my business model.