My friend has a business stall in a popular commercial building in my community. I influence him to use bitcoin and now he is accepting it as a mode of payment. His customers are amazing and have good feedback to his business because there are only few merchants who are accepting bitcoins.
That's actually pretty cool. Is he accepting Bitcoin directly or through a payment processor? In case he is accepting payments directly, does he accept the transactions without confirmations? When it comes to low value items the risk is pretty low, but that risk exponentially increases when the value of the items increases.
I'm curious to find out because it's kinda hard to think of people willing to wait for that one confirmation to come through to walk away with their item.