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Topic
Board Press
Re: [2017-07-20] How Businesses In Russia Accept Bitcoin and Pay Taxes
by
Flyyyy
on 24/07/2017, 18:33:25 UTC
Burger King, this grocery store and many other places who already began to accept bitcoin for payment in the country where there still there is no any clear regulation of crypto-currencies.

The rumor that Burger King began accepting Bitcoin payments was later proven to be a fake news item spread by the Coin Telegraph. Are you willing to pay $5 in transaction fee for a burger which costs $2?

Yes, it's very stupid. Small payments are now difficult to implement with the help of bitcoin. Few will agree to such large commissions. And even more so in Russia, where the incomes of the population are not very high

Looking at the enormous price of bitcoin I think instead of using bitcoin as a currency, a country must accept some AltCoin as a medium for payment.

If the country has not recognized Bitcoin, then alternative coins can not be accepted. In Russia, the crypto-currency has not yet been recognized and it is unlikely that it will be recognized in the near future. Some businesses take bitcoin at their own risk