It is a nice initiative but what merchant would want to accept cryptocurrencies?
Because their competitor next door is accepting crypto and generating more sales while they are having a hard time paying the rent and putting food on the table.
Not every "merchant" is experiencing boom times. Where do you live? Have you ever met a mercant? Have you ever seen a salesman get fired for failing to meet his commission quota because he turned down a potential Lambo sale simlpy because he refused to accept Marc's bitcoin as payment?
Merchants who do not compete for sales will be eaten Darwinianly by those who adapt to the changing world around them. Those who stand still and refuse to evolve will not survive as long. That's called science, and if you can understand it, then it can help you predict the future.
They want "real money" in their cash registers.
Then they will end up with no money when Marc buys his Lambo in the store next door! LOL
Not even bitcoin can attract them to want to have it because most of them do not know what it is. bitcoin trancactions take a half hour, and blockpay takes 3 seconds.
There, fixed it for ya
The ones that do will want to convert it to fiat right away to avoid the volatile nature of bitcoin.
Blockpay supports bitUSD, bitEUR(o), etc which you obviously did not know about when you wrote this. Learning is fun!
Maybe the idea is too advanced for what is really wanted today.
Which is?....
Please teach me, because I love to learn...
I like the idea behind it, but most are going to want fiat. It gets rid of the volatility, which is important because you have to pay suppliers or you go out of business. I think it's too soon for this to be heavily utilized
You will be pleased to learn that this "volatility" issue is no longer an issue, therefore, according to your logic, it will be heavily utilized.
When did I state that the lack of volatility means it will be "heavily utilized?" I stated it was a concern; in no way did I state, neither implicitly nor explicitly, that volatility was the sole reason for merchants to not utilize the system.