Post
Topic
Board Bitcoin Discussion
Re: Interview with business owner who accept Bitcoin as payment method
by
m2017
on 06/05/2024, 18:55:36 UTC
If it's an electronics store, it especially makes sense for it to accept cryptos, as customers are likely to know about it and to be interested in that option.
The target audience of this store is highly likely to know how to use bitcoin. Whether payment bitcoin will be in high demand in a children's/women's clothing or children's clothing store is a rhetorical question.

A good story for those worried that CBDCs can be a big competitor of Bitcoin.
Exactly?

10. What are the biggest challenges you face in running a business that accept Bitcoin as payment method?

“Balancing the books can be tricky especially when you don’t immediately convert the crypto to fiat. The market changes rapidly and you can experience a loss or profit.”

CBDC will fix this problem. This is why bitcoin is not very suitable in this capacity now.

It would be nice to see more interviews like that, and perhaps some more information about businesses that accept Bitcoin. For example, what percentage of transactions are done in Bitcoin (and other mentioned currencies) vs fiat?
This question arose for me too. Will we demand that @SatoPrincess continue the interview? Smiley

I would also like to know from the owner of this store how the tax authorities (or other government agencies) react to the fact that he accepts payment in USDT and Bitcoin?