Post
Topic
Board Economics
Re: Faster adoption
by
bluemountain
on 19/07/2014, 19:09:21 UTC
Why bother? It's not like BTC is even that useful in retail. Let it first prove itself by conquering the international remittances market and e-commerce.

Why is it not useful in retail? I love the idea of not having to depend on a credit card company to buy simple, cheap items. If I can just scan a QR code and pay directly that sounds so much easier and convenient.

Price volatility is the main reason.


I'm surprised that someone on this forum would regurgitate an incorrect statement like this. 
Bitpay and coinbase remove the risk of volatility completely. Period.
This is correct, however as you may or may not know, consumers tend to complain a lot. It would be possible for a customer to say that they paid $700 per bitcoin and the restaurant should accept their bitcoin at a conversion rate of $700 even though the actual price on the major exchanges (and on coinbase) is only $630.

It is a crazy complaint but these kind of complaints do happen often in the retail business.