Based on what I’ve seen over the past few years, unless there’s an existing demand for this, you’re probably going to experience the chicken and egg problem where you won’t have many customers willing to pay in sats. Over time you might get a few regulars, but it’s best not to expect everyone in the town to suddenly react to this by showing up with fat Lightning wallets and zapping for their dinner. One way you can make it easier is to offer rewards to customers where they can get discounts for paying in bitcoin, but you’ll also need a way to educate your customers and help them learn how to stack on their own. It’s going to be a challenge.
Discussion
Yeah. My plan is to offer discounts for Bitcoin, but I know is not something that will happen within a snap of fingers. But I want to show him that is possible to use it; he’ll be happy to have new costumers and I’ll be happy to let him see how Bitcoin can work for a business perspective 🫡
Best of luck! What kind of restaurant is it? Make sure you get the right setup so it’s easy for your customers. You might want to talk to nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 and nostr:npub1key55ax33gkl50uqemvl4khrtqrhzm7wzpc7fhseutt5ddkcwcrqgxlt3h to see what they recommend. And be sure to get listed on all the bitcoin merchant directories.
Thank you man! I’m just getting the idea in my head but is nice to see people here support it!
totally agree, must have an incentive to use btc. the other issue is taxes, its a nightmare for my accountant and he will surely raise his fees on me
When people understand what bitcoin offers, they become less likely to want to spend it at this phase of adoption. Most people haven’t internalized the spend-and-replace philosophy yet.
Surely. The time will come though.
My goal is to first bring notice, to spark a little curiosity and let it roll from there.
I can’t fully implement btc payments at the restaurant (cause I’m not the owner of the business) but I’m sure as hell that I can help bring Bitcoiners who can orange pill the entire town
for the business owner, including the tax problem, you could maybe have a aintermediary, who pays the part of restaurants bills, equivalent of income that has come threw lightning. And find a way to agree on that legally. Then you have easy enough way for a business to withstand weird payment - adoption. You then have to figure a way to be a sustainable intermediary, who pays someone's bill for being a QR code on tables in the restaurant.
Which is what a company Qerko does:
Haven't tried it, but I use the service often with fiat and it's awesome. And they say they are testing it, so you need to activate the feature. Which is worthless for UX, but still. Don't know the legal perspective.