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Author Topic: [BREAKING NEWS] Poland’s Largest Food Delivery Starts Accepting Bitcoin  (Read 1543 times)
Minecache (OP)
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June 27, 2017, 10:13:33 PM
 #1

Poland’s Largest Food Delivery with 5000+ Restaurants Starts Accepting Bitcoin

https://news.bitcoin.com/polands-largest-food-delivery-website-restaurants-starts-accepting-bitcoin/?utm_content=buffer346ee&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Updates to follow on this fast moving story...

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June 27, 2017, 10:37:30 PM
 #2

This is surely a spectacular news for the community as more and more people will start researching about bitcoin and potentially invest in it and we can finally see the price recover with this ether hoax which screwed up the full market. Good news for a long term impact
I just hope this trend of adopting of bitcoin expands
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June 27, 2017, 10:43:32 PM
 #3

Poland’s Largest Food Delivery with 5000+ Restaurants Starts Accepting Bitcoin

https://news.bitcoin.com/polands-largest-food-delivery-website-restaurants-starts-accepting-bitcoin/?utm_content=buffer346ee&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Updates to follow on this fast moving story...


That's amazing to hear this. But how the restourant make sure the transaction confirmed? Fees are extremely high, the transactions are extremely slow. Questions came to my mind.
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June 27, 2017, 10:53:10 PM
 #4

Never heard of this site, but I use food delivery a lot and would consider paying with Bitcoin, if the process was simple enough. I previously tried using Bitcoin on Fiverr back when they used to accept it, and it was a big hassle. Major improvements must be made in this respect before it will go mainstream.
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June 28, 2017, 12:25:32 AM
 #5

Nice, this is great news. It is good to see Bitcoin spreading, especially when large companies like Pyszne.pl accept it. Bitcoin is really underrated now as not many vendors allow Bitcoin as payment. Hopefully, this attracts some Bitcoin users to the community. I think that further competitors like DoorDash should follow suit with Pyszne.pl.

A problem with this is the confirmation times of Bitcoin. My transaction of just 0.0025 has not confirmed yet for 24hours. I used a 0.0001 transaction fee. People are not going to be content with these terrible rates and long confirmation times. This may dissuade users from using the Bitcoin service that Pyszne.pl is offering.
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June 28, 2017, 02:39:31 AM
 #6

Cool. Looks like they are using a bitcoin processor - Bitpay. I wonder if using Bitpay ameliorates the problem of long confirmation times. Surely, if you order a pizza to be delivered, you expect it would arrive within a reasonable amount of time, 30-40 minutes, and not 12-24 hours later.
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June 28, 2017, 03:58:30 AM
 #7

Cool. Looks like they are using a bitcoin processor - Bitpay. I wonder if using Bitpay ameliorates the problem of long confirmation times. Surely, if you order a pizza to be delivered, you expect it would arrive within a reasonable amount of time, 30-40 minutes, and not 12-24 hours later.

Is this confirmed? If they are using BitPay, then the delay in confirmation time can be avoided. But at the same time, I am worried about the fees. How much fees are they charging for each of the transactions? If they charge something like BTC0.0015, then I am afraid that not too many people are going to pay with BTC.
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June 28, 2017, 04:09:21 AM
 #8

Cool. Looks like they are using a bitcoin processor - Bitpay. I wonder if using Bitpay ameliorates the problem of long confirmation times. Surely, if you order a pizza to be delivered, you expect it would arrive within a reasonable amount of time, 30-40 minutes, and not 12-24 hours later.

Is this confirmed? If they are using BitPay, then the delay in confirmation time can be avoided. But at the same time, I am worried about the fees. How much fees are they charging for each of the transactions? If they charge something like BTC0.0015, then I am afraid that not too many people are going to pay with BTC.

why? how does BitPay make things different? it is just a service in the middle to process the payments. and the transaction fees will still be what you pay the network not what they ask you to pay. and bitcoin transaction fees are currently at ~0.0008BTC unless you have a huge transaction size in byte.

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June 28, 2017, 04:47:15 AM
 #9

Cool. Looks like they are using a bitcoin processor - Bitpay. I wonder if using Bitpay ameliorates the problem of long confirmation times. Surely, if you order a pizza to be delivered, you expect it would arrive within a reasonable amount of time, 30-40 minutes, and not 12-24 hours later.

Is this confirmed? If they are using BitPay, then the delay in confirmation time can be avoided. But at the same time, I am worried about the fees. How much fees are they charging for each of the transactions? If they charge something like BTC0.0015, then I am afraid that not too many people are going to pay with BTC.

Obviously bitcoin is a tax free one.We can make use of bitcoin interns of saving also.It's a very good news for the bitcoin users.Not only in this hotel,hole world will accept the bitcoin one day.Even I am waiting for that too happen.Bitcoin is a boon to us.Since it's a safest one for online transaction ,soon it will be accept by all.Bitcoin is a trusted one for online transaction. Now a days more transactions are made by Bitcoin only.

 
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June 28, 2017, 05:03:48 AM
 #10

I wonder if there are some banks or government agencies right now blocking those restaurants access to fiat, ordinary financial networks? because I can't begin to understand why would any body use Bitcoin if they are free to do business with traditional monetary systems? I could only be happy if I see one day despite the efforts of US treasury and their court orders some body does something that they couldn't do any shit about it because it was done through Bitcoin.

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June 28, 2017, 05:15:17 AM
 #11

It is indeed bitpay.

It's obviously good that merchants are willing to accept bitcoin as a payment method, but really what they are receiving in the end is still fiat currency. I wonder when can merchatns actually start to accept bitcoin "as it is" at face value, that is when bitcoin is truly global and mass adopted.

Just a side note - bitpay charges deeposit fees ON TOP of the miners fee you have to pay on the bitcoin network. So you'd be paying the fee twice which currently would be at least 0.0015 BTC. That's $3.5 extra per transaction... Not worth it tbh.
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June 28, 2017, 05:30:42 AM
 #12

Just a side note - bitpay charges deeposit fees ON TOP of the miners fee you have to pay on the bitcoin network. So you'd be paying the fee twice which currently would be at least 0.0015 BTC. That's $3.5 extra per transaction... Not worth it tbh.

are you sure it is 0.0015 BTC because looking at their articles from their blog they say it is a dynamically calculated amount to cover the cost of the transactions they have to make after you pay them. they don't give any numbers and 0.0015 seems a bit too big to be honest when transaction fees are half that amount.
https://blog.bitpay.com/network-costs/

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June 28, 2017, 05:38:11 AM
 #13

This could lead to higher bitcoin usage in Poland, given that it doesn't entail additional charges, compared to using Paypal or credit card. And even if you cancel your order, you can have a refund but in the form of euro, instead of bitcoin. Seems like a good move for takeaway.com, am just wondering how much of the actual sales would be from bitcoin if this gets fully implemented and advertised.
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June 28, 2017, 05:54:50 AM
 #14

Cool. Looks like they are using a bitcoin processor - Bitpay. I wonder if using Bitpay ameliorates the problem of long confirmation times. Surely, if you order a pizza to be delivered, you expect it would arrive within a reasonable amount of time, 30-40 minutes, and not 12-24 hours later.

Is this confirmed? If they are using BitPay, then the delay in confirmation time can be avoided. But at the same time, I am worried about the fees. How much fees are they charging for each of the transactions? If they charge something like BTC0.0015, then I am afraid that not too many people are going to pay with BTC.

why? how does BitPay make things different? it is just a service in the middle to process the payments. and the transaction fees will still be what you pay the network not what they ask you to pay. and bitcoin transaction fees are currently at ~0.0008BTC unless you have a huge transaction size in byte.

It is all about regulation. BitPay adhere to AML/KYC regulations and all customers are identified through this system. The government will allow Bitcoin, but it has to be in a regulated environment. BitPay also protect the merchants from price volatility, in direct conversion of bitcoins to fiat. The customer pay $300 for dinner with bitcoins and that transaction is instantly converted to fiat by BitPay. < effectively the merchant never deal with bitcoins, just the fiat that was converted by BitPay > Some merchants might decide to hoard a small percentage in Bitcoin, but it is there choice. ^hmmmmm^

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June 28, 2017, 05:56:34 AM
 #15

Maybe they will only deliver if the payment is confirmed already and with that bitcoin holders is the one responsible for that by putting high tx's fees to get faster service, I hope segwit will soon be implemented so that the usage of bitcoin will become unstoppable.
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June 28, 2017, 06:04:57 AM
 #16

From OP's link:
Quote
In 2014, Pyszne.pl was acquired by Takeaway.com, one of the largest online food ordering websites in the world.

It's a Dutch owned company, their Dutch website http://thuisbezorgd.nl has been accepting Bitcoin for years. They process Bitcoin payments instantly (0 confirmations) to forward your order to the restaurant. I haven't tested it with a very low fee, that may be a risk for them if it never confirms.
If that happens, you might get a bill at your delivery address.

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June 28, 2017, 06:13:45 AM
 #17

From OP's link:
Quote
In 2014, Pyszne.pl was acquired by Takeaway.com, one of the largest online food ordering websites in the world.

It's a Dutch owned company, their Dutch website http://thuisbezorgd.nl has been accepting Bitcoin for years. They process Bitcoin payments instantly (0 confirmations) to forward your order to the restaurant. I haven't tested it with a very low fee, that may be a risk for them if it never confirms.
If that happens, you might get a bill at your delivery address.

so far all the businesses that i have seen accepting payments instantly (with 0 confirmations) already have methods of some sort of risk assessment. and that means you can't just send any kind of transaction and think they accept it.
for example an extremely low fee, a transaction with an unconfirmed parent, or anything else that may lead to the transaction being stuck will be rejected. so the risks are nearly zero.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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June 28, 2017, 06:53:41 AM
 #18

Poland’s Largest Food Delivery with 5000+ Restaurants Starts Accepting Bitcoin

https://news.bitcoin.com/polands-largest-food-delivery-website-restaurants-starts-accepting-bitcoin/?utm_content=buffer346ee&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Updates to follow on this fast moving story...

That is cool for bitcoin because it will make a huge demand for bitcoin because people from their business will get curious about the new payment option so they will find some information about it and if they will like bitcoin then they will accept it to their life and use it aside from paypal or any kind of payment system that they have and that will be the start of bitcoin dominance in that country.
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June 28, 2017, 07:18:10 AM
 #19

Poland’s Largest Food Delivery with 5000+ Restaurants Starts Accepting Bitcoin

https://news.bitcoin.com/polands-largest-food-delivery-website-restaurants-starts-accepting-bitcoin/?utm_content=buffer346ee&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Updates to follow on this fast moving story...


This is great news for bitcoin. Any merchant accepting bitcoin is great news, let alone one of the industry leaders.

I am personally particularly fond about food merchants accepting bitcoin. I guess it's because the first real, publicly verified bitcoin transaction with real life goods was lazslo's famous 10000 bitcoin pizza.

As others said, obviously bitpay is a hassle to go through and it would have been better if they just accepted bitcoin directly, but you have to consider from their PoV that they need stability and returns for their shareholders. Holding bitcoin dircetly can mean losing/gaining value very unexpectedly.

Hopefully poland can legalize bitcoin following countries like Australia, so that more companies can accept BTC.
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June 28, 2017, 07:23:53 AM
 #20

This is great news, I wish someone like Justeat would follow suit, I remember last year or the year before takeaway.com started to accept bitcoin but since then it has closed and then it looks like it has changed it's purpose to a corporate takeaway.

Definitely great news for Poland as so many people like to order food in.
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