pull down to refresh
491 sats \ 3 replies \ @pillar 14 May 2023 \ on: onboard my local cafe bitcoin
Lightning will be a must given the typical amounts of his sales.
I'll tell you what I do with my local cafes: begin with some custodial LN option. Could be WoS, LightningTipBot + Bluewallet, a wallet in the demo server of LNbits. You set him up in 5min.
And then tell him: use this, and whenever you have an amount that would hurt to lose, call me again. This amount depends on him. Could be $100, could be $1000, could be $10000.
And then, on the next visit, you give him the talk on custodial vs non custodial and you help him swap his funds out to some cold wallet he controls.
Why this way? Because, in my experience, if you try to teach them how to do things perfectly and fully sovereign on day one, they simply won't do it. Too much effort to accept Bitcoin when they probably won't get even 1% of revenue through it.
On the other hand, if you set them up easily, you get them rolling and, when they grow that initial stack, they will have a strong motivation to learn more.
This is exactly the way.
Also, set the expectations right. He might not make any sales with btc at all. Also a possibility. So, it should take minimal effort to get started.
reply
Very much right.
In my local area there is a regular Bitcoin meetup. So, any time we set up a new business with their own POS, next thing is to let all the community know and kindly ask them to consider spending a few sats there if they are interested in the kind of stuff the business sells. We also tell the business owner about nearby locations that accept Bitcoin so they can go and spend their earnings if they want.
reply
Good advice.
I'm not really such a good salesman. I just want to give him some options to get him started.
reply