When onboarded merchants start offering discounts when paying with bitcoin, thats when they're truly starting to get it
Discussion
Saves 2.5-3% credit card fees (> 50% of payments) and 1-2% in exchange fees for KYC. No-KYC carries a 5%+ premium.
So each sale settled in sats is ostensibly worth up to 8% more than it would cost in the market to acquire those no-KYC sats P2P and that doesn’t include the time and effort it takes.
A 5% discount for purchases settled in bitcoin and the merchant is coming out ≈3% ahead of fiat credit card txs and getting instant control of funds with no ability for claw backs.
There is room and economic incentive to offer bitcoin discounts.
Our local sour dough is 20% discount
