To start with, I’am owner of a small coffee shop and the business goes well now, because we caught the wave in the right time several years ago. Now, ofc crypto will be on the peak, but I’am afraid not in my country yet. We are planning start-up (fast food) and want to stand up from the crowd by adding crypto as a payment method. Who have an experience/ knowledge of such integration, help me please with the process step by step?
Infrastructure is not really ready yet , for direct crypto , you don't have the time to waste waiting for onchain confirmations,
and the alts that are fast enough are a few years from having the liquidity needed for such a venture.
Your only real options at the present time is
1. Take Offchain Payments thru an exchange such as cryptopia.
Advantages: Speed, no limits on amount like LN, Requires no long # address as funds are deposited to your Exchange User Name, Can be any coin on their exchange
Or
2. Having your Customers buy Gift cards with Crypto and then use the Gift Card at your business.
examples
https://www.gyft.com/https://www.egifter.com/https://www.cardfy.com/Many large companies already use option 2.
it does not matter whether you hold or convert a cryptocurrency immediately
This statement is False, it absolutely matters whether you hold or convert.
As a Business , you need the price paid to you to be the same as what you received at time of purchase,
downward fluctuations in held coins can wipe out your profit and cause a loss to your business.
The only people that should hold coins are speculators not people running a non-speculative business.
Example: If the value of the coins drop by ½ or ¼ , it can be a big problem for you.
In the past year btc alone dropped from $20000 to now ~$6500, that is over 3X loss.