Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: A supermarket in Mexico now allows Bitcoin payments for all their items
by
LeGaulois
on 23/12/2021, 17:12:22 UTC
⭐ Merited by Lucius (1)
Hey!
 
Am I the only one to think the following:
Since BitPay requires a KYC verification, who's interested to send the personal documents to verify the ID? And to do this, just to pay a retail store? Only a few. On top of that, not everything can be paid with BTC?
There are already more and more people who refuse to finalize their online purchases when they see Bitpay, so imagine IRL...

Its target is people with a low income. If they have no money basically, what makes you think they suddenly will have money to buy BTC?

Sound attractive on the paper, but in reality not so much and rather not very convenient for everyday life. It's like going to the bakery and being asked for your ID card if you want to pay in BTC. You can pay for the bread with BTC but not the cakes and pastries.