pull down to refresh
0 sats \ 2 replies \ @SimpleStacker 31 Aug 2023 \ on: How to choose how to accept bitcoin in the store? bitcoin
I'm of the opinion that custodial solutions get too bad of a rap.
Custodial is bad for long term storage of significant amounts. But for temporary short-term usage I think custodial solutions are a risk worth taking if it saves you time and effort.
Yes, and custodial options also make it easier to use multiple POS devices linked to one account / wallet, and you get clearer accounting. That I believe is still a major selling point for companies, as some wallets have a transaction history that you can't export, or which doesn't show exact invoiced amounts in fiat. You can't yet run a business on crypto like that in most countries. The KYC aspect upon withdrawal is sadly a necessity for these platforms to be able to operate at all. And, I am pretty sure custodial solutions are well aware of the flak they receive for their downsides. We're still in a transitory period!
reply
true and i would add to that, custodial will be the majority if mass adoption happen imho. otherwise people would not use banks and have fiat under the pillow. it is just the way it is.
reply