Bitcoin : do merchants really need to accept cryptocurrencies?
I mean, if they are just going to convert it back into fiat, whats the point? They need to pay business expenses in fiat and also taxes etc.
Its also not like most merchants are taking advantage of the “no middleman” approach anyway, as they are going through a payments processor who charges fees. It may be wrong but I feel like bitcoiners are using bitcoin for the sake of using bitcoin instead of because of any real advantages.
Is bitcoins future really in merchant adoption or perhaps something else?
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: Jongbin1
Don’t forget to share the post if you love it !