Post
Topic
Board Altcoin Discussion
Re: Altcoins vs. Stablecoin: which is more suitable for merchant crypto payment?
by
john_cm
on 20/06/2020, 08:25:36 UTC
Depends on what you're looking for. Some people like to be paid in BTC or ETH because they like the speculative side of things and believe the crypto ecosystem will gain value over time. Similar to if someone asked you if they could pay for something in Apple stock, and it would be up to you to decide if you thought that was going to appreciate in the future.

I personally really dislike stablecoins because the issuing parties are either sketchy (like Tether) or not prepared to do support any real volume (like GUSD). If you're gonna accept crypto, I would just accept that it means you are intrinsically bullish and take BTC and ETH.

The extreme volatility of crypto stands on its way to mainstream adoption... For me personally, if my business involves high turnover rate and will require constant cash to service inventory, I might be a bit skeptical about accepting regular volatile crypto because it might dip thereby wiping my business profit.