1. When and why did you decide to start to accept Bitcoin and other crypto as payment methods in your business?
“I thought it would be a good way to attract customers who like cryptocurrencies. I have been doing this for about three years and I have had this business for four years.”
It’s cool that they started doing it three years ago where cryptocurrency was not as huge as it is right now. It must have take lot of guts to jump through that cliff.
9. What is your management style? Do you hodl the coins or instantly convert crypto received into fiat?
“Both. I convert the crypto to fiat and also keep a small percentage of Bitcoin.“
That’s extremely smart and I think that a lot of business owner should follow. You are earning and investing almost both at the same time.
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.”
This is what I am talking about. It is extremely risky however I think the gains are worth it.