Should I include sats prices in printed menus for a bubble tea shop I am about to open in El Salvador? I am thinking that could be a good idea since of course I am accpting bitcoin as payment, but not sure. Any thoughts?
#asktr #sats
Discussion
Rhetorical question, of course you should if you're accepting bitcoin
Great! Thanks for you comment sir!
What are your expenses paid with? Bitcoin or dollar? It makes no sense to use sats and change values all the time as btc price changes if you have to operate your business on a dollar standard anyway
Expenses are paid in USD, thinking that instead my buying btc, I can myself sell my USD in exchange for the btc in balance sheet. Not sure if that makes sense.
Another strategic could be just to hodl the amount of btc we collect.
Any thoughts?
I would have fiat prices in the printed menus. You can still make it clear that you also accept bitcoin.
Price in sats and update the usd price frequently
Or
Price in usd and update the sats price frequently
Probably best to think about which would increase the friction for your customers