Post
Topic
Board Bitcoin Discussion
Re: I now accept bitcoin payments in my Beauty shop
by
Yatsan
on 31/12/2022, 12:35:48 UTC
The only challenge I face right now is 99% of our customers are female, and most do not have any prior knowledge of bitcoin or cryptocurrency, the ones who do either heard about bitcoin from their partner or social media campaigns but they haven’t given it much thought. It’s popular among the male folk here, I am yet to have a customer pay in bitcoin but it’s good enough to start the conversation.
With time, they will come around it and may likely embrace the option more than fiat. The concept behind the workings of Bitcoin is one enough to fascinate anyone. However, my worry in all these payment with Bitcoin thing is how likely are those who aren't Bitcoin hodlers going to continue to get Bitcoin for the sole purposes of making just payment without using it for basic trading and other stuff. I say this because of the volatility of Bitcoin and how $50 could easily become $20 within hours.
With daily transaction? and with volatility being present? I doubt. Ofcourse there would be more people to choose fiat especially those who are just not into investments and online payments. There's more of a tendency that these two would coexist with one another as alternative mode of payments. Using Bitcoin on a daily basis like with purchasing market goods will just make it more complicated. I guess it would be more of a better option if the transaction is something "special" or is needing to avoid taxes from the government. Indeed every transaction has taxes, but imagine buying an onion with BTC than with fiat. But services as such with what OP is offering, I guess is different and would be a better thing to use crypto as mode of payment.