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29 sats \ 8 replies \ @SimpleStacker 2 Feb \ on: Merchant Adoption in the US AskSN
There just no reason to. If 99.9% of your customers aren't using it, why spend the time and effort to support that payment option? Even if you are a believer in bitcoin it would be faster for you to just do business in fiat and then buy bitcoin on an exchange or p2p
Been there, done that, started small businesses a dozen times...
After 2020 hit? No bloody way in the hottest of hells will I even get close to that again, depending on anything from banks via .gov and paperwork leeches, nor will I ever consider paying a single sats in taxes until I am running a solid business with a healthy cashflow again
Will that ever be possible, for me individually and for many others who walked away? No idea, and if so it might be in a jurisdiction that was never even on my map...
So until then its Bitcoin, Nostr, and all related platforms and tech!
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Yeah 2020 was a really big death knell for tons of small businesses. I was running an airBnB biz at the time and couldn't evict my tenants who failed to pay (but I still had to pay the mortgage). Definitely left a bad taste in my mouth...
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Next time a couple of friends with crowbars should work...
We might very well get into a future where property is a real risk too, especially in Europistan!
I have the option of just disappearing for longer periods myself, the state would have no idea about my location, which is the only way I really enjoy living...
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True, but someone has to make the first step. I guess a better question for businesses might be:
What is your biggest problem that needs solving?
Then connecting the dots on how bitcoin might solve it.
Or perhaps more bitcoiners should be starting businesses themselves and asking for it.
It is a lot of time and effort to onboard and then you run the risk of losing them if the price crashes or the onboarding platform gets shut down in your jurisdiction (as with IbexPay).
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Speaking of problems to be solved, I think bitcoin mostly solves "macro" problems, but one intriguing micro use case is for international payments, especially if the local currency is unstable or has tons of capital controls. Thus the most promising areas to onboard merchants might be in touristy areas, especially with lots of international tourists
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exchange rate fees
wiring fees
foreign transaction fees
AirBnb would be perfect for bitcoin payments
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I like this! There was a crypto AirBnB I used once when travelling to London for a conference. They accepted bitcoin but were also heavily shilling some ErC20 token. Not sure whatever happened with that lol.
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Before he started Coinbase, Brian Armstrong was an engineer at AirBnb
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