You might want to learn about settlement. https://twitter.com/btcandres/status/1253091958073053188
Discussion
He is not going to make it #[5]
You make a good point with credit card settlements. But those affect the merchant and not me as a consumer. In fact, it benefits me more to have protections against fraud. So no transaction fee, instant payment, and fraud protections. Not really swaying me. Then the merchant has to liquidate all the BTC so he can pay his employees.
Don't get me wrong. I'm all for crypto. I'm an enthusiast and I'm learning. Not an expert at all (make no claim to be at any point). Just throwing out random thoughts as a consumer.
I think with the merchant getting instant settlement and much lower fees, they could an dshould consider a "cash discount" rate. With platforms like Strike they can instaconvert to USD also, if they're not wanting bitcoin. Win-win. Eventually they become bitcoiners, and start saving some in treasury.
you think it doesn't affect you but it does
as a merchant I can tell you that I increase my prices the more people pay with credit cards
I have to because I have to contend with fraud and fees
cash businesses can offer discounts
Bitcoin is more similar to cash especially lightning with the low fees
I don’t want to be that guy, Josh. But is bitcoin. Not crypto
I agree with you. But make sure to understand that btc is not crypto. Looks like simple semantics but they are not. Worth the time spend to understand it. Having said that. Think of btc as a bearer property asset. That alone makes it extremely valuable. Eventually you will be able to use it as currency, but we are far from that stage IMHO