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For these businesses, I'd set up something like a myNode [1] or a RaspiBlitz [2]. This way, all the merchant needs is an internet connection. Granted, customer
by acapybara 4y ago
For these businesses, I'd set up something like a myNode [1] or a RaspiBlitz [2]. This way, all the merchant needs is an internet connection.
Granted, customers will need something like BLW [3]. If they've got no other options to pay the merchant, then that should be sufficient.
Accept either physical Federal Reserve Notes, or decentralized electronic payments.
1. https://mynodebtc.com/ https://mynodebtc.com/
2. https://shop.fulmo.org/raspiblitz/ https://shop.fulmo.org/raspiblitz/
3. https://f-droid.org/packages/com.lightning.walletapp/ https://f-droid.org/packages/com.lightning.walletapp/
- shanebellone 4y agoThey'll never accept crypto. They generally take cash, debit card, and a prepaid debit card (something prepaid like that) and use modern PoS. Bank access is coming soon too.
- deleted 4y ago[deleted]
- jjulius 4y ago>... debit card... Technically, at least in CA/OR, they're often just processed as an ATM withdrawal that occurs at point of sale.
- djbusby 4y agoCashless ATM is now blocked
- jjulius 4y agoI purchased via this method in Oregon this morning. Perhaps it'll change here soon.
- shanebellone 4y agoDoesn't seem to be the case in Massachusetts. Although I don't use my debit card anywhere. What's the reason for CA/OR? Local banking shouldn't be an issue?
- mynameisvlad 4y agoSome local stores actually tried crypto back when Bitcoin was exploding. It was so inconvenient and volatile that it only lasted months.
- shanebellone 4y agoFlower prices are dropping, and their cost is pretty close to fixed (with technology advancements representing a massive caveat). Variability in currency would destroy these companies quickly.
- sethd 4y agoI believe you’re being downvoted because the solution you’re proposing does not handle any of the problems solved by a bank.
- shanebellone 4y agoTo be more specific... too much cash is dangerous and impractical.
- irusensei 4y agoThey are being downvoted because majority of hacker news audience hates Bitcoin.
- trinsic2 4y agoWith good reason.
- quickthrowman 4y agoHow would you deal with the currency risk inherent in dealing with cryptocurrency? Assume that the landlord, vendors, tax man, and employees all want USD from you, and do not accept cryptocurrency as payment. Please explain how you would protect yourself from adverse price movements in cryptocurrencies as a merchant to ensure you have enough USD to pay all your obligations.
- michaelsbradley 4y agoAccept DAI and form a relationship with a crypto-fiat exchange that offers institutional accounts? https://www.coingecko.com/en/coins/dai https://www.coingecko.com/en/coins/dai
- Zpalmtree 4y agoswap your Bitcoin/eth/whatever for usdc/usdt/dai/other stables
- susadmin 4y agoYea not sure why the down-votes, this is a handy setup, thanks.