RE: Pay bymode16 Jun 2022 15:57
Capsum: just realised the title of your post referred to 'Pay by Mode', so for clarity: that payment method (which currently is only available for a small number of retailers) is not a payment method using Bitcoin. It's an open-banking based payment method where Mode facilitates the transfer of funds from your bank to the retailers bank, thus cutting out the usual middleman (e.g. Visa, MasterCard and so on). Presumably it's cheaper too, hence the hopeful appeal to retailers. It's a busy marketplace though as there are loads of payment methods available these days, and I wouldn't be surprised if Mode no longer sees that as one of their main future business drivers.