Yes, they need something like that; what I liked in the article was that you buy a coupon, instead of getting money direct from bitpay. Seems safer right now, the coupons are not from bitpay so the store/restaurant is safe WHEN the feds freeze bitpays assets.
What makes you think the feds are gonna do that?
I probably should have said IF. Thanks for making me re-think that.
Bitcoin is a target in the US right now, it seems any excuse and they'll freeze assets. Take tangible cryptography for an example. The state shut them down, not the Feds, but same idea.
If it wasn't for my paranoia, I would probably do this:
My uncle already services 100's of small businesses around Chicago for their CC payment, incorporating bitcoin as a payment option in these shops would be relatively easy for him. I guess I'll research the laws involved and see what needs to be done and how much it will cost and then pitch him on it. I wouldn't even begin operating until spring, so I have time for research and planning. If anyone could sell bitcoin merchant services it's my uncle.
I guess I'm a long way off from a BTC funded date though. Localbitcoins FTW. Also, I need to not lose my debit card anymore. Last time I came here I melted it in the dryer, this time, I don't even know. My bank is 3 states away and I don't keep credit cards.
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I'll gladly discuss Bitpay with your uncle. Feel free to PM me if you need a phone number. I'll be on the road next Wed/Thurs afternoons and have time to chat; however, if you'd prefer to work with him yourself, that's cool, too.
I'm in Cleveland, and travel to Chicago a couple times a year. I'm going to Cincinnati next Weds night and I'm going to be promoting Bitpay's services to a brick & mortar merchant in Cincinnati.