I have an idea and I am thinking of developing a paid service out of it. I would like to accept only crypto as a means of payment but I am not sure if most people would accept this. Therefore I would like to do a short survey.
Suppose you have $1000 on your Paypal account and $1000 in Bitcoin and you would subscribe to the service for $10 a month. Would you prefer to pay in Paypal or Bitcoin (no matter what kind of service it is)?
Well, I would like to have both the payment methods at my disposal if I am a customer. I probably wouldn’t pay in Bitcoin if the market is in bear trend or having high volatility. But, if the market is blooming and at its peak, I would probably pay it Bitcoin as I would be wanting to sell it anyway. The other times, I would prefer a stable payment method with no price fluctuation and that would be paypal.
Paying by fiat currencies is always better than paying by an investment type currency or an asset. But of course, many people will also opt for the Bitcoin option considering the fact that if the platform is global, transaction fees are sometimes high for international transactions. In this case cryptos will be the most suitable choice.