We run a vacation rental travel business and accept all manner of mainstream payments: 90% of cards plus PayPal, wire and the very occasional cheque! I estimate that about 12,000 see the payment checkout pages per year at the moment.
We are considering adding a bitcoin solution via an API. From what I can see there are about 1m cryptocurrency users (this is all new to me) and will therefore not be appropriate for 99%+ of our clients. We would promote it, blog it, discuss on Linkedin etc as we do with other elements of our business. I am worried it may confuse the average person.
I'm looking for opinions and ideas and also a simple way of explaining to people that this is also perhaps something they should address for the future. Understanding how it works has taken me quite some time and the economic theory and link to mainstream currencies is still in global discussion
Has anybody got a link to an idiots guide I can plagiarize. Some of our guests still don't have email!
I get the impression that many people are just hoarding coins in the hope of the value going up, rather than trading them or using them for purchases?? Is this true as its means trading/payment in the real world is not the priority for many?
I'd also like to hear everybody's thoughts on adopting a currency online. We can use bitpay api, but as we are really new to this, any thoughts advice, direction is welcome. The only business I could see relevant to our industry of any note is 9flats.com.
http://blog.9flats.com/9flats-accepts-payments-with-bitcoins/Thanks
