Dea Rezkitha on Nostr: The difference between 🇮🇩 QRIS and #bitcoin ⚡️wallet for merchant For those ...

The difference between 🇮🇩 QRIS and #bitcoin ⚡️wallet for merchant

For those who didn't know, Indonesia has integrated its national QR payment system called QRIS. This QR system has been adopted by 1.2 million merchants across Indonesia and facilitated by more than 5000+ payment service providers.

How it compares to ⚡️ wallet for merchant

⏰Time to setup:
QRIS 14-30 days
⚡️wallet: 1 minute

📄 Documents
QRIS: ID and Family card
⚡️wallet: No KYC

🤝Settlement
QRIS: 2-5 working days (no settlement on weekends)
⚡️wallet: closing channel every 10 mins

📱Compatibility
QRIS: 🇮🇩 e-wallets and mobile banking with QR enable
⚡️ wallet: any ⚡️wallet

💵Settlement fees
QRIS: Rp 3,000 ( 20 cents)
⚡️wallet: closing channel depends on mining fees

👫Users
QRIS: Only in Indonesia
⚡️ wallet: anywhere around the world