Bitcoin Magazine
Merchants Don’t Read White Papers, They Read Cash Flow Statements
This is a cross-post from Spiral’s blog, the original post can be found here.
Our thesis is pretty simple: we can only make the case that bitcoin is everyday money if people can spend it. Unfortunately, for most of bitcoin’s existence, there just haven’t been many places to spend it.
But then, something happened.
Planets aligned, seas parted, nerds hooted and hollered from rooftops, and Block added support for bitcoin payments to millions of Square sellers, making bitcoin both ubiquitous and easy to activate. Suddenly, almost everyone is seconds away from accepting bitcoin payments. Pretty cool, right? Right? Yeah, except how merchants should accept bitcoin payments isn’t the only problem. Why merchants should accept bitcoin payments. That’s the boogeyman we need to vanquish. It always has been.
How we do this is more apparent and pragmatic than bitcoin tropes about digital s
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