3 ms·
Why not Bitpay? I'm not associated with them, and have never been on the merchant side of the transaction, but it seems like a 'safe' bitcoin option. And based
by spangry 10y ago
Why not Bitpay? I'm not associated with them, and have never been on the merchant side of the transaction, but it seems like a 'safe' bitcoin option. And based on my quick read of their merchant TOS[0] bitpay shouldn't (in theory) have an issue with the nature of FetLife's business.
As an aside, it's fun to watch a bunch of old, technically-illiterate and conservative financiers unknowingly sow yet another little seed of their own destruction. I guess being at the top of the heap can make one feel invulnerable...
[0] https://bitpay.com/about/terms#merchant https://bitpay.com/about/terms#merchant
- mcdoug 10y agoThey did try Coinbase before and said that it accounted for less than 0.1% of their transaction volume. People just don't use BitCoin enough. I imagine if it was a higher percentage, you could make the case that switching to BTC-only would drive it higher, but at such minimal numbers, staking your entire business on it seems like a bad risk.