Post
Topic
Board Beginners & Help
Re: How do I persuade local businesses to start accepting bitcoin ?
by
ragmondo
on 14/01/2013, 12:49:13 UTC
i think for bricks and mortor business it will be tougher to incorporate and pursude them, even for online business it can be tough to start accepting bitcoins as although the payment services are improving, still none are on par with other large, legacy, card payment providers....hence, the tech is still to be made...for example what EPOS system will a shop install to accept bitcoins Huh??




I am thinking that they don't need an alternate EPOS system - their current one will have various options on payment including cash,cheque, credit etc. To confirm receipt, they just need a fairly cheap smartphone which may even be a loan device for a trial period. At the end of the day, before they cash up, then "we" could offer to exchange their current balance of BTC into their chosen fiat currency (at a pre-agreed rate).

The fund would indemnify them against dramatic FX swings and also any dual-spend issues that may have arisen - until they are coded out of probability.