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...
Not only you, many users especially gamblers, whose money came from sports betting or online casions do not like to share their personal Identity to 3rd party organizations.
Personally, I do not like to verify KYC. But Bitpay is good, they work as an escrow service, Sometimes we have to use such types of services.
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?
They don't have to buy suddenly. Poor or rich everyone has a savings account to save money for the future, so they can buy Bitcoin occasionally instead of gathering money in a bank account.
Sound attractive on the paper, but in reality not so much and rather not very convenient for everyday life. It smells a future flop.
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.
It is an initiative, maybe it will develop more in the future and KYC requirements should be terminated for small purchases.