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0 sats \ 2 replies \ @DarthCoin 10 Sep 2023 \ on: Method for B2C Companies to Offer Bitcoin Cashback on Customers' Fiat Purchases? bitcoin
Why not incentive directly the customers to PAY in BTC?
FUCK FIAT!
Make it like:
- pay in fiat cash - price remain the same, no discount
- pay with VISA/MC/shitcards - pay extra 5-10%
- pay in BTC - you get 10% discount
In this way you make people to think more about USING bitcoin and also the shop is getting more BTC.
Let's create that Bitcoin circular economy once and for all, not sustaining forever a fiat shit economy!
Businesses seek profits, and people tend to hoard valuable currency while spending less valuable currency (according to Gresham's Law). We can't change these inherent traits of human psychology or companies' motives overnight. Nevertheless, we can take these factors into account to promote the adoption of Bitcoin as a reliable store of value.
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I onboarded a lots of merchants during all these 10 years.
Here is an example story
Now,. from 2018 ongoing I live literally using only BTC and pay for my groceries with BTC and get 10% discount all the time. I can order whatever the fuck I want from the local shop and they will bring it to my door, paying with BTC.
Why?
Because the shop owner realize that BTC is power and fiat is shit. He WANTS MY BTC !
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