This Memo is intended to show how far we are from merchant adoption and also get us one step closer. Please reply with one or more merchants you would love to pay to with Bitcoin Cash. Mine is in the first reply.
Well i would like to see the B2B adoption, where companies would pay each other with BCH. No more delays in payments due to holidays or missed payment cut-off time.
This is only up to us to educate the merchants about the benefits of BCH. Paypal took years to become widely used. Same as credit cards.
The biggest concern I hear is of KYC/AML. How to convince the businesses that B2B is safe with BCH, that the payer can be easily identified, to meet legal requirements?
One day it will be solved with the help of identity on the blockchain. Until then KYC can be done the same way as in with cash payments since its practically the same thing.
I used to work in the wholesale food biz in Chicago. They're still mailing each other paper cheques. Still to this day.
That's ok, most people in this world don't even have a bank account. In some developing countries mobile payments is more popular than developing countries. Change takes time.
I mean it's crazy though right? Cheques and stinky hard cash are still much much better for frequent small to medium B2B transactions than any electronic means.
It is. But the only reason is that electronic cash is still complicated to use. The moment it will be as simple as swiping a credit card, and we will get there, it will be widely used.
My local supermarket(s) and grocery stores. None of them take BCH. examples:
Netto, Føtex, Aldi, Lidl, Meny, Fakta, Kvickly, Irma, Brugsen
Have worked with retailers in the past, unless approached from a large scale it's not worth their time.
For individuals I'd personally recommend setting up with small mom/pop stores.
I run a company that specialises in integration of BCH payments into businesses. Owner-operators are our target market. Easiest to onboard and can take on volatility and cashflow issue
I see there are a lot of companies accepting BCH in your area. Does merchant availability spill over to use by customers? Do your clients give you feedback in this regard?
User base is small in my community. We are rolling out 6 BCH-only ATMs across the region in the coming weeks though! Greatly improving accessibility to users.
I think an atm is key to adoption. Of i tip someone I don't have to explain about exchanges. Just refer them to the atm.
More important to have more people have access. Plenty of places they can spend their BCH in North Queensland as a result of my efforts so no need to change it back to fiat.
Exactly. Cash in, BCH out. They're only a one way system though. If opted for the two way model I could only afford three machines.
Aeon, Don Quixote, Tokyo metro and JR trains
I'd love it if I can get even one merchant on my area to accept BCH. The problems is our central bank forbids bitcoin to be used as currency. So merchants wouldn't touch them.
What area is that?
Indonesia, only IDR-cryptos exchanges remains. Other merchants accepting bitcoin already closed their doors.
I believe it's just a matter of time. P2P can't be stopped. Sooner or later the government will have to follow others in acceptance of new technologies. If not it will be underground.
Yup agreed. It will be slow but steady adoption.
