Re: Accepting Bitcoin As Mode of Payment As A Business Owner
Bitcoin is currently known for being unstable and unpredictable. In the viewpoint of a Business Owner, do you think you should accept Bitcoin as a mode of payment for the services or goods that you provide? Why or Why not?
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I would really appreciate it if you can give me an informative answer.
Thank you very much for your time.
Do you like this topic? IF YES, then I would really appreciate it if can send me a Merit!
No, I don't think bitcoin makes sense given its volatilty and slow transaction times. That means potentially tax rates could change from hour to hour, I might be making a large profit when the transfer starts, and then by the time the confirmation goes through, it is another red sunday and now I'm losing money ont he sale, but I can't reverse it becuase the blockchain is immutable. However I think an alternative crypto (Most likely on ETH or NEO) could be the stable crypto coin that is viable for this use case.