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RE: Hi everyone! I'm Pavel, software engineer and blockchain enthusiast from Minsk.

in #introduceyourself8 years ago (edited)

I think there are good thoughts on this matter in the middle of Solving the Cryptocurrency Liquidation Problem section of Steem Whitepaper. Accepting a volatile currency introduces significant accounting overhead for merchants but eventually merchants should accept any currency if it increases their sales (assuming there's a way to deal with volatility). The number of bitcoin users grows 10 times each 2-3 years so yes, that is a question of time.

P.S. Seems like Steem discussion is limited to 6 levels as I'm not able to respond to your latest post so I'm replying to this one.

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Well said. We integrate with Coinbase and BitPay to try and eleviate any volatility concerns but I think, ultimately, it comes down to not doing anything unless your customers are asking you for it. More unfamiliar payment options could lead to more support costs. Moral of the story: get out there and bug your favorite merchants until they accept bitcoin. :)