I think we're at the stage where we are trying to sell the idea to the merchants. They have no interest in bitcoin, they only have interest in customers.
Once they get invested interest in bitcoin, they would think of ways to provide incentives, so that the consumer gets sold on the idea of using bitcoin.
It's really a multi-step process.
Topic: question: Why aren't bitcoin merchants incentivizing bitcoin use? - page 2. (Read 1460 times)
They don't have to ... yet. Right now anyone accepting Bitcoin for anything is rather novel. In time competition will force companies to pass some of the savings on to consumers.
Specifically I am asking, why arent savings being passed down to the consumer?
Just as there gas stations incentivize people to use cash, why are merchants generally refusing use of bitcoin as a method of payment.
Every single merchant is generally insulated and guaranteed against price fluctuations of bitcoin, but yet none of them seem willing to pass these savings onto the consumer.
Why?
Even if you advertise a discount of 0.5% it becomes a legitimate talking point and tool to demonstrate real world advantages over CC, no matter how diminutive savings are, they still become tangible. This becomes especially useful when crafting arguments for utilizing bitcoin.
As an industry and early adopters, we should demand that these merchants share their reduction in cost of transactions.
Just as there gas stations incentivize people to use cash, why are merchants generally refusing use of bitcoin as a method of payment.
Every single merchant is generally insulated and guaranteed against price fluctuations of bitcoin, but yet none of them seem willing to pass these savings onto the consumer.
Why?
Even if you advertise a discount of 0.5% it becomes a legitimate talking point and tool to demonstrate real world advantages over CC, no matter how diminutive savings are, they still become tangible. This becomes especially useful when crafting arguments for utilizing bitcoin.
As an industry and early adopters, we should demand that these merchants share their reduction in cost of transactions.
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