Post
Topic
Board Bitcoin Discussion
Re: Bitcoin as my new payment method
by
kamvreto
on 21/08/2022, 23:31:57 UTC
We've heard here a lot of stories about Bitcoin acceptance as a payment on their place and I hope they understand how volatile Bitcoin is to know possible risks on the price.  Glad to hear a story like this, it will help the community of Bitcoin go strong and give awareness to the people in your place.  But one thing just to make sure, understand how Bitcoin works because it's very crucial in your business, all transactions are irreversible, once you've hit the send button and have at least 3 confirmations on the network, you can't undo it.

However, it always has an advantage if we've knowledgable about it, I suggest you study it.
Good luck with your business.

the risk is bitcoin's volatility but behind all that there are many advantages that can be utilized. transactions with bitcoins will be recorded in blockchain and no one will be able to delete them, transparent and accessible to anyone. those who accept bitcoin as a new payment method of course already know what bitcoin is and what the risks and advantages are. This is also related to regulatory issues in each country, the application of bitcoin must follow the regulations of the country they occupy. For countries that only provide regulation as a commodity, it is not allowed to be used as a means of payment other than Fiat.