Quote from: Poker Player on Today at 02:06:48 AM

Quote from: Pokapoka124 on July 29, 2022, 07:21:31 PM

A typical crypto transaction at my store look like this:

1.The cashier gives the customers a Bitcoin QR code to make payment

2. The QR code is customized to tell customer’s crypto wallet where to send the bitcoins and how much to send.

3. The Bitcoin payment is confirmed by the cashier.

It is similar to some Bitcoin ATM transactions, as far as I can see.

Quote from: Yogee on July 29, 2022, 10:47:57 PM

Quote from: Slow death on July 29, 2022, 10:24:19 PM

I keep wondering how it is when someone, for example, buys something that costs 100$, that person pays 100$ in bitcoin and hours later the price of bitcoin drops a lot and you get 97$ in bitcoin, then you take the 97$ in bitcoin and will buy the thing for 98$ and then sell it for 100$. in this scenario you are at a loss and how will you deal with this situation for a long time?

He's already thinking of a payment gateway deal with an exchange.

I'm curious about this too. I would imagine that because of the volatility the most logical thing to do is to automatically convert to USD or some stable currency. Unless you want to HODL part of your profit automatically, but somehow you have to convert it fast to avoid downside volatility. If it's upside it's not a problem but you never know what's going to happen.

A store who accepts bitcoin knows what they are doing, it is their responsibility to accept either it will drop or not. As long as they’ve established their mode of payment and accepting bitcoins gives you an opportunity to make a fast transaction. By using bitcoin as payment also gives the store an attraction to the consumers who holds bitcoin because they will think they can save more just by using bitcoin.