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Unless Arizona has a law that says businesses have to accept all forms of legal tender as payment, I would expect that businesses would not be forced to accept
by Mindless2112 5y ago
Unless Arizona has a law that says businesses have to accept all forms of legal tender as payment, I would expect that businesses would not be forced to accept Bitcoin as payment.
Consider cash:
> There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise.
https://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx https://www.treasury.gov/resource-center/faqs/Currency/Pages...
It is, of course, a bit different since cash, check, and credit are all denominated in dollars, whereas Bitcoin is denominated in Bitcoin.
- carnitine 5y agoI think they’re appealing to the idea that by eating food before paying, you are indebted to the restaurant, and the very definition of legal tender is that it is valid for all debts.
- HWR_14 5y agoYou don't have to sell me goods and services for cash. However, you must accept USD if I owe you money.