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Author Topic: How would a vendor and a dealer connect with each other for BTC means of payment  (Read 196 times)
Adbitco
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March 10, 2024, 11:01:55 AM
 #21

I think this should be a problem to me because as dealer or business owner who accepts bitcoin what you need is to have a wallet not reaching access by people and if a payment is being sent they can be confirmed through explorer by then you don't to know who is in charge of that wallet than exposing yourself. Naturalling people will have this in back of their mind that Mr. A & Z accepts bitcoin in their business but that doesn't mean they are move all round with their wallet for people to hack them or steal their seedphrase or to whatever, people still connect here and initiate business between themselves without them going close to each other.

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Dzwaafu11
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March 12, 2024, 10:34:35 AM
 #22

So now, what is the state of security measures towards vendors who makes it obvious and publicly that they accepts Bitcoin transaction as alternative means of payments?

Or how would a vendor get connected with a dealer who wants to make payments to the vendor using Bitcoin if they both have to stay anonymous from their holdings?

These tags are not for these people because they are using bitcoin to make payments when they buy or sell something. So you can see that this is a public thing that people who buy something from them will know. so they cannot hide from anyone because it is what they use in their business. For example, if a country accepts bitcoin as a means of payment, you will see that all the citizens will likely have bitcoin in their wallet. In this kind of case, it is well known that everyone in the country may have bitcoin for transactions since it is legal, so the same thing applicable to these people using bitcoin as a means of payment in their business is not bad if people who purchased something from them know that they are hodlers; it just remains for them to ensure enough security for where they are storing their coin.

R


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