This is very amazing to see. Who doesn’t love it when bitcoin gets more adoption (except haters,lol). But anyways, my current curiosity is with the cost of Bitcoin transactions these days, how does the business cope with it? Do customers still pay all that fee just because they want to buy with Bitcoin? I do not know so much about how it works in cases like this so I’d love to be enlightened.
Actually a downside for such transaction not unless they would use wallet to wallet transactions which would make the fees lower. There are many small businesses who tried to do the same thing which is to accept Bitcoin and other crypto as a mode of payment however, fees and volatility of its price became their problem. Business and asset at the same time is quite of a problem obviously; funds in a business are meant to revolve and sustain the business itself. Right now that fees are higher due to the increase with Bitcoin's market price but more likely it will also be shouldered by the customer.
When you say shouldered, you mean the customer will pay the fees? I don’t think that’s easy as it sounds. If you were the customer and you just want to buy a bottle of beer, would you pay the transaction fee that is even higher than the item you’re buying. Even if the the fees was lower than the item being bought, it’s not still easy to put the transaction fee on the customer, in fact, they won’t even want to purchase the item because they’ll be overspending.
