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I'd like to see Chinese wholesalers and manufacturers accepting Bitcoin for orders as I think this would be a huge positive indicator for Bitcoin. I think the
by TomGullen 13y ago
I'd like to see Chinese wholesalers and manufacturers accepting Bitcoin for orders as I think this would be a huge positive indicator for Bitcoin. I think the incentive is there, cut out the middle men (banks) who charge exorbitant exchange rate and transfer fees and the customer/business can both save. This would possibly be the most meaningful utility for Bitcoin to date if it happens.
It's a pretty cutthroat and competitive industry from what I gather as well so Bitcoin could be interpreted as a creative way to be even more competitive.
If this does happen, hopefully the incentive to accept Bitcoin for orders would trickle down the supply chain as well.
The volatility is probably a problem though, if you're operating on narrow margins volatility might be an unacceptable risk unless you're able to come up with a process to sell them fast.
- gbog 13y agoIndividual resellers on Taobao don't play on small margins but on specialization and service. They sure compete on price but also on reputation, maybe even more. So if clients would like to pay in btc, I see them allowing it easily and accepting the risk. However I don't see the lambda Chinese girl paying her purple furr stocks in btc.