Tsujoi wrote...
We accept bitcoin for products found in the store, if you can use that!
Steam has removed Bitcoin as a payment option. Others have as well. It's simply not viable until they fix their scaling issues.
The transactions costs are higher than the price of the product the person would be buying. It's insane.
Payment processors will probably require something like $100 or more to process it soon enough. Already tried to do so and backtracked. Probably will do again eventually though.
Sure, could put up personal addresses for various crypto and still have it be automated, but then would also have to personally sell them on exchanges. Since Fakku isn't able to have an account, once the exchange found out, assuming they cared, the personal account would probably be banned. Then there's the matter of withdrawing the money and what the person's personal bank thinks about it. Landmines abound.
Most any crypto would be better to accept than Bitcoin currently. It's unfortunate that Coinbase isn't an option. I haven't looked much at payment processors though.
ChrisBRosado123 wrote...
As much as I like the idea of Bitcoin, I can't really imagine anyone in their right mind would use it as a currency at this point in time. Transaction fees are off the charts, the value is horrendously volatile, and the barriers to entry (at least in the US) are ridiculous. You need to provide ID and SSN in order to trade USD/BTC and some exchanges can take a long time to process your application. It's just not in a good place right now which is a shame because this was one of the better ways to process anonymous transactions.
Japan has legalized crypto as a currency. Whether that's "right mind" is arguable.
There's localbitcoins, but people have been arrested for being an unlicensed money transmitter by using it too much.
When banks are involved, it's only to be expected that the Anti-Money Laundering (AML) and Know Your Customer (KYC) laws would be in place.
Even US exchanges that don't use USD, such as Bittrex, require it. Exchanges that use USD are few, and those that are legitimate are even fewer.