There are but virtually no one uses them, and I’m sure if they did they would take it away the due to the aforementioned issues. It’s just kind of a mess. It’s not not a good vehicle for commerce and it never has been.
The burden of proof is on you for making the original claim, I’ll provide stats once you do. The mere fact that these companies exist and have provided these services for years should ample proof to most people who want to have a discussion.
It’s funny, POS for most cryptos actually have cheaper fees than some other forms of payment, square wants 3.5% to charge a credit card, most crypto POS are sub 2%….
That’s also, what one of 100s of companies? It adds up.
Do you not have stores that let you pay with bitcoin and other crypto? It’s a thing in Canada atleast.
There’s some in the US too.
There are but virtually no one uses them, and I’m sure if they did they would take it away the due to the aforementioned issues. It’s just kind of a mess. It’s not not a good vehicle for commerce and it never has been.
Weird that it works in other places…
It works as a marketing strategy to virtue signal to tech fetishists, but nearly no one actually uses these services.
Can I see your statistics on Crypto POS that you used to come to those conclusions?
Starbucks accepts crypto just so you are aware, it’s far more common than you are leading people to believe.
Then please provide evidence that these services are actually being used if you are so
confusedconvinced that is the case.The burden of proof is on you for making the original claim, I’ll provide stats once you do. The mere fact that these companies exist and have provided these services for years should ample proof to most people who want to have a discussion.
BTC processed 93.1 million transactions in 2022 while Visa (just Visa) did 192.5 billion. Not very popular as a payment method for sure.
Edit: To be clear this the 93.1 million for BTC includes crypto-to-crypto trades.
Wow, you said no one used it…
It’s funny, POS for most cryptos actually have cheaper fees than some other forms of payment, square wants 3.5% to charge a credit card, most crypto POS are sub 2%….
That’s also, what one of 100s of companies? It adds up.
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Considering the volatility of Bitcoin, those store owners are nuts.
Why it coverts to cash at the POS machine and they are paid in cash?
Again, volatility. When the price isn’t stable, you could lose massively.
It doesn’t matter in the sightest…. If it takes 5 bitcoins or .5 bitcoins the shop still gets their $1.50 for a coffee minus their fee…
I’m sorry you can’t comprehend how this system works and is viable in lots of places.
If 5 bitcoins is suddenly worth 3 bitcoins, the exchange rate will change and the company will lose money. It’s a major gamble.
Huh…. just like any other currency/foreign currency already…
It doesn’t matter to the store, and these companies that provide the services are making profit or they wouldn’t be around anymore.
They charge less fess than credit card companies, they get a cut from every sale, just like credit cards do…
It’s a viable business sorry mate, bark up a different tree.
Wait… you’re saying Starbucks wouldn’t be around anymore if it stopped gambling on Bitcoin?
Nope and what does that have to do with anything we’ve discussed….?