Paying for stuff with crypto

Paying? Haven't you heard? Cryptos are for holding, putting them in a vault under your mattress and maybe polishing them in every 2-3 months. Then put them back again.
 
Talking about stuff you can actually polish, the yellow metal seems to be breaking out. I wonder if crypto might face some competition for investment $ over the coming months.
 
- The bag will be 0.000095 BTC sir.
- Let me get my calculator.
- Please stand away, there are more customers in queue.
- That's 15 pence more than the last week. how come?
- That is because of the volatility sir.
- Wouldn't be easier to charge in pounds like we used to?
- No sir, it is easier for me with BTC, so I don't have to pay taxes.
 
What if coffeeshops would just be able to buy some custody software which allows them to hold many, but small accounts, so they can't be accused of money laundering. Why can't i send $50 worth of BTC to my favorite coffee shop which has a way to quickly debit my account for a $6 drink?

Has anybody written any this kind of software?

If not, why not?

If this could be done at most small businesses, wouldn't that ramp up usage?
 
Good1 said:
What if coffeeshops would just be able to buy some custody software which allows them to hold many, but small accounts, so they can't be accused of money laundering. Why can't i send $50 worth of BTC to my favorite coffee shop which has a way to quickly debit my account for a $6 drink?

Has anybody written any this kind of software?

If not, why not?

If this could be done at most small businesses, wouldn't that ramp up usage?
More...

The 2 biggest crypto payment processors are Bitpay and Coinpayments that businesses can sign up for

I had an account with Coinpayments and I can tell you that you can hodl the crypto assets that you receive as payments. They provide you with an online wallet on their server for each crypto. And whatever crypto payments you receive stays there until you decide to withdraw to your local wallet

No one in the US wants to use bitcoin/cryptos for payments, the US people would prefer to use Venmo, CashApp, Apple Pay, Google Pay, Samsung Pay and others

But in places like Turkey or Lebanon or Vietnam or Nigeria, the options above are not available to most of the population. Most do not have bank accounts. That's where Bitcoin and cryptos (stablecoins) are very much used for payments

https://bitpay.com/business

https://www.coinpayments.net/
 
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