[2019-07-12] Major Australian Supermarket Chain Now Accepts Bitcoin

Schirer

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Quote from: BitHodler on July 13, 2019, 09:19:39 AM

I prefer them to go for LN rather than main chain transactions, or both. I find it increasingly less appealing to see merchants jump on board with the fees being too high for most people to be comfortable using it.

It's pointless to do some low value grocery shopping when you pay a buck or two in fees, especially with how speculators bump the fees by using higher fees to front run other people's transactions.

It may sound a bit harsh, but that's just how the reality is. Fiat payment options or just cash work better for in-store payments and are cheaper than main chain transactions. Innovation is accepting LN, especially for a supermarket.

What fees are you talking about, are you talking about those companies which are responsible for pos transcations?
I am wondering how much time it takes to make such transactions by register, because sometimes btc txs takes a while and it wont be logical to make those by register.

davis196

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Quote from: gentlemand on July 13, 2019, 06:55:42 PM

Nobody's going to use it. Why would they spend their potentially appreciating asset on substances that'll pour out of their arse a few hours later? You spend your depreciating money on consumables.

There's never been one single case of merchant adoption leading anywhere. Something like this would be great for me but I'm not an average person when it comes to crypto.

Maybe that's why they are accepting crypto.Hoping for some naive buyers to spend some bitcoin or ethereum and after a week or two BTC and ETH prices double,which means more profit for the merchant. Grin

Anyway,people aren't that stupid.I consider this to be more of a marketing move.It might attract some crypto fans,but they will buy with fiat money.

gentlemand

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Welt Am Draht

Nobody's going to use it. Why would they spend their potentially appreciating asset on substances that'll pour out of their arse a few hours later? You spend your depreciating money on consumables.

There's never been one single case of merchant adoption leading anywhere. Something like this would be great for me but I'm not an average person when it comes to crypto.

rodel caling

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It is it great news another bitcoin publicity that bitcoin can bring in good result from the economic growth hoping later on this news may bring to crypto in to the stablization for mass adoption.
And hoping this austrilian treat in bitcoin can deliver to donald trump how bitcoin can help in the Australian government.

sandra_x

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Thats something good for bitcoin adoption considering the fact that they have a long chain or supermarkets. It is only a question of time before merchants or shops that do not accept bitcoin or cryptocurrencies will be at a disadvantage.

1Referee

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Quote from: BitHodler on July 13, 2019, 09:19:39 AM

I find it increasingly less appealing to see merchants jump on board with the fees being too high for most people to be comfortable using it.

I don't think it's that bad. The thing here is that you should use what's convenient for you based on the situation you're in. One day that might be Bitcoin, the other day it might be fiat.

The fees are not so much of a problem. People who complain about the fees aren't spenders anyway. The main problem is that during a bull market, people don't want to spend something with a tremendous bias to he up side. If you spend like $100 worth of Bitcoin today, you'll regret it next week or month because the price rose by whatever large percentage.

Bitcoin is too precious to spend. Fiat depreciates in value and is easier to spend because you don't want to sit on it for too long.

hugeblack

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They accept a wide number of currencies (BNB & LTC) so I do not think the fees will cause a problem but it is strange that payment is made by a third party even though BTC is not converted into USD (they can use any open source payment system.)
Overall the news is good even though the payment will be made in a few currencies but it is good to see "Bitcoin Accepted here" present in the local stores.

BitHodler

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Quote from: LeGaulois on July 12, 2019, 05:26:10 PM

Lucky Aussies. This is what I would like to see in my country, being able to pay the cashier with bitcoins, a real Bitcoin use.

I prefer them to go for LN rather than main chain transactions, or both. I find it increasingly less appealing to see merchants jump on board with the fees being too high for most people to be comfortable using it.

It's pointless to do some low value grocery shopping when you pay a buck or two in fees, especially with how speculators bump the fees by using higher fees to front run other people's transactions.

It may sound a bit harsh, but that's just how the reality is. Fiat payment options or just cash work better for in-store payments and are cheaper than main chain transactions. Innovation is accepting LN, especially for a supermarket.

LeGaulois

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Top Crypto Casino

Lucky Aussies. This is what I would like to see in my country, being able to pay the cashier with bitcoins, a real Bitcoin use.
I wonder what the merchants are charged to process a payment with the terminal, just to compare with what they are charged when the client pays with Visa/Mastercard.

Jgilpulg

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IGA is a network of independent retailers comprising over 1400 stores spread all over Australia. Now, these stores are accepting payments in bitcoin and other cryptocurrencies.

https://bitcoinist.com/major-australian-supermarket-chain-now-accepting-bitcoin-payments/

Topic: [2019-07-12] Major Australian Supermarket Chain Now Accepts Bitcoin (Read 198 times)