If one of the benefits to the merchant is lower

Question

If one of the benefits to the merchant is lower

payment processing costs shouldn't those savings translate into discounts to incentivize BitcoinCash usage ? On the flip side the merchant is assuming exchange rate risk by accepting payment in a "foreign currency" that has significant price swings against the local currency

#bch #bitcoincash #cryptocurrency #english

0

05.05.2024

5 ответов

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Tomas Автор вопроса

Joemar Taganna
in our experience so far with our partner merchant...

From the tax perspective, how much of a pain is for the business owner to deal in "foreign currency/property"?, the USA and Europe are a nightmare in that sense

0

6 месяцев назад

Joemar Taganna

Tomas
From the tax perspective, how much of a pain is fo...

there is no tax specific for crypto payments here in the philippines. all sales paid in bch are to be reported in pesos.

0

6 месяцев назад

Tomas Автор вопроса

Joemar Taganna
there is no tax specific for crypto payments here ...

If i have to bet the adoption will come from places other than NA and EU

0

6 месяцев назад

Joemar Taganna

Tomas
If i have to bet the adoption will come from place...

we have a window of time in places like the philippines to grow adoption. we can grow to millions of happy bch users we can shape public opinion and sway our lawmakers away from toxic regulations.

0

6 месяцев назад

Joemar Taganna · Accepted Answer

Joemar Taganna

in our experience so far with our partner merchants, most are just holding their bch sales waiting for price gains before they cash out, some have never cashed out and consider bch as savings. bigger sales volumes can change this dynamics though. a combination of hedging and underwriting can address these volatility concerns.

0

6 месяцев назад

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If one of the benefits to the merchant is lower

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