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"Heavily investing" Eg. Stripe = 1 guy and 4 additional staffers. That's really peanuts for a company with > 4000 employees. They already did it in the past an

"Heavily investing" Eg. Stripe = 1 guy and 4 additional staffers. That's really peanuts for a company with > 4000 employees. They already did it in the past and abandoned it then. Seems more like FOMO, just because a competitor is also doing it ( eg. Paypal). As a reminder, there were similar "investments" in 2017 and the only one that remained from then is Square, which has the same CEO as Twitter... Let me see the % of payments in crypto versus other payments methods and we'll see. I don't think anything changed.

celticninja 5y ago
got a source for those numbers?
- NicoJuicy 5y ago
  Stripe's staffing was included in the article. I'll look up if i can find the old article about % of payments in BTC. I'll edit the comment here then, but it's a long time ago.
  - NicoJuicy 5y ago
    Okay, I've found a reference by coincidence. BitPay, established since 2011, processed one billion in payments and had 23 million of revenue per year. Mostly gift cards... That's laughable for such a hype.
keymone 5y ago
lots of companies with btc on balance sheet: microstrategy, stripe, tesla, spacex, etc. mutual funds and non-us etfs. us etfs since yesterday. adoption can look different from what you expect.
- benwad 5y ago
  Half of those companies you listed are owned by the same guy, who has a significant interest in pumping the price of BTC. When was the last time you made an everyday purchase like food with BTC?
  - keymone 5y ago
    > When was the last time you made an everyday purchase like food with BTC? last month. why does it matter? as i said: > adoption can look different from what you expect. i don't expect BTC to be used for small everyday payments outside of lightning network or sidechains. edit: > Half of those companies you listed are owned by the same guy this was just off the top of my head, there are many more companies and funds.

celticninja 5y ago

got a source for those numbers?

NicoJuicy 5y ago
Stripe's staffing was included in the article. I'll look up if i can find the old article about % of payments in BTC. I'll edit the comment here then, but it's a long time ago.
- NicoJuicy 5y ago
  Okay, I've found a reference by coincidence. BitPay, established since 2011, processed one billion in payments and had 23 million of revenue per year. Mostly gift cards... That's laughable for such a hype.

keymone 5y ago

lots of companies with btc on balance sheet: microstrategy, stripe, tesla, spacex, etc. mutual funds and non-us etfs. us etfs since yesterday. adoption can look different from what you expect.

benwad 5y ago
Half of those companies you listed are owned by the same guy, who has a significant interest in pumping the price of BTC. When was the last time you made an everyday purchase like food with BTC?
- keymone 5y ago
  > When was the last time you made an everyday purchase like food with BTC? last month. why does it matter? as i said: > adoption can look different from what you expect. i don't expect BTC to be used for small everyday payments outside of lightning network or sidechains. edit: > Half of those companies you listed are owned by the same guy this was just off the top of my head, there are many more companies and funds.