Sure, bitcoin is a store of value and a hedge against global debt and inflation. But what is it actually like for a merchant to transact with it day to day — to pay taxes, to cover exchange rates and properly manage multiple wallets?
Today's guest is Denet Lewis, owner of Beans N Barbels, who accepted bitcoin and other cryptocurrencies at his coffee kiosk at the Bitcoin 2019 conference. Lewis helps paint a picture of the pros and cons of accepting bitcoin as a small business owner and offers a glimpse into the hurdles that lie ahead for broader merchant adoption.
News:
Blockstream Mining: A Grassroots Vision for Redistributing Hashrate)
China’s State Cryptocurrency Coming Soon, Featuring Two-Layer Structure)
Bitcoin Is Now a Legal Form of Payment in New Zealand)
In Israel’s Crypto Banking War, Lawsuits Lead the Charge (For Now))
Interview:
Beans N Barbells)
Bitcoin 2020 Conference)
Sponsor:
www.coinmine.com/bitmag)
