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>cryptocurrency is designed to be private, non-reversible, and outside the reach of the legal process In a well-established B2B relationship, where payment ter
by narrowrail 10y ago
>cryptocurrency is designed to be private, non-reversible, and outside the reach of the legal process
In a well-established B2B relationship, where payment terms are already established (i.e. net-60, 5%-net-20), I think these crypto-currencies make more sense. These long-term business relationships drive the majority of GDP, and they normally use EFTs or even paper checks (both of which are pretty cheap, but not free). In a cross-border deal especially, I think Bitcoin (the only seemingly viable choice at this point) makes a lot of sense.
One-off transactions have more risks and are less stable AFAICT.
- JamesBarney 10y agoWhy do you think it make more sense? It seems to me when a business switches to cryptocurrency they pay more and risk more but don't much back.