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...
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.
> 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.