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.”
At least in this case besides he is not just trying out some of the trends that are happening in your country (because looking at some of the previous posts from some Nigerians there are a lot of threads that make payments through bitcoin in the business being done) and what is done in his business is not trying but indeed the owner you interviewed must understand how it works so that he knows the risks of accepting bitcoin payments will be what the risks are and indeed it is a good thing and should be appreciated so that when the challenge of adopting for payments he already knows what to do so I think it is a good thing.
In addition, it will definitely be a little hard to continue to maximize this because indirectly the owner is required to be extra every day so that the situation in the balance of capital in bitcoin payments is maintained and indeed this is definitely the best experience for you and also the owner who makes payments through bitcoin and in addition this is also a good reference for some Nigerian friends who are doing the same thing (accepting bitcoin payments in their business) to do some of the tips that are in the answers given in this interview.