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MoneyBadger6d ago
It is correct, noting that “accepting Bitcoin payments” and “receiving Bitcoin settlement” are two different things (and two different phases in my view). In many cases the merchants we serve via their existing fiat QR providers don’t even know they are accepting Bitcoin, you are right about that, but we are changing this and running pro-Bitcoin campaigns with them - that level of education actually takes a lot more time than just enabling that Lightning -> QR bridge via a partner. The most notable success story is our first and, by far largest, client: PicknPay, the second largest retailer on the continent - they actively promote that they accept BTC and put up BTC signage in store.
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Standard Sats14h ago
You guys have done great work, especially with PicknPay; that particular onboarding has a huge impact in driving the institutional acceptance of Bitcoin for payments. > but we are changing this and running pro-Bitcoin campaigns with them - If you don't mind, what is the actual reality with merchants you've tried to convince to accept Bitcoin directly via your campaigns? I mean, "What are the real bottlenecks these merchants cite as a deterrent for accepting Bitcoin directly"? I will guess: - - Volatility issues (Main bottleneck) - Unclear regulatory policies around Bitcoin, especially about taxation (CGT) - Then there's also the issue of "lack of technical know-how", and the disheartening case of "fraud/crime" association with Bitcoin. The first two are the most common issues we've seen from our research surveys.
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