Tuesday, 2 May 2023

The biggest hurdle for bitcoin payment adoption might not be what you think...

Upon talking to merchants over the years about accepting bitcoin payments on their online stores, the biggest roadblock that most of them point out is not volatility but regulatory complications.

Most companies tend to shy away from bitcoin if there is a legal grey area surrounding crypto in their region of business and this seems to be the biggest roadblock for most online merchants.

We might say that bitcoin is giving power back to the people and taking it away from banks and central institutions but for any business to operate in a region, regulatory compliance is necessary [even if they are central authorities].

So how can honest businesses operate using bitcoin in such circumstances?

submitted by /u/primalfabric
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