What is the situation like there? How many people talk about/use it and are there a lot of local businesses that do?
Now that the fees are going up I would imagine a lot of local businesses don't want to accept BTC.
Credit card companies in the USA charge about 3% fee to a local business when I use my CC there. If I buy something for 20 dollars that costs the business .60 cents. If I bought it with BTC it is going to cost me a dollar~ to transfer to them.
Seems like a bad deal for myself currently. It would be better for me to use my 2% cash back card and have them pay their 3%. I earn 2% while they have to pay.
Use bitcoin when it is the right move, I don’t see why people complain that much, if using bitcoin makes sense then use bitcoin, if it does not make sense then use fiat, western union, credit cards or another cryptocurrency. Now that the fees are going up I would imagine a lot of local businesses don't want to accept BTC.
Credit card companies in the USA charge about 3% fee to a local business when I use my CC there. If I buy something for 20 dollars that costs the business .60 cents. If I bought it with BTC it is going to cost me a dollar~ to transfer to them.
Seems like a bad deal for myself currently. It would be better for me to use my 2% cash back card and have them pay their 3%. I earn 2% while they have to pay.
