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RE: Bitmain Holding 1 Million Bitcoin Cash! Vitalik Buterin Wants To Spend BCH & Challenging Charlie Lee To Debate...

in #cryptocurrency6 years ago

Bitpay.com for BCH to fiat conversion in shops. Not a full pos solution unfortunately but eventually there will be full pos solutions or integrations. If anyone one else knows of any I would love to know too

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Do you think fees would be cheaper with Bitpay than VISA/Mastercard? I think you need an economic incentive for normie shops to adopt BCH.

The fees are zero apart from the network fee, 1 sat. After you reach a certain volume you need to register as a business acc which is 1% fee + network fee 1 sat. Visa/Mastercard are something like 1 - 3% + hardware rental + payment gateway + support contract.

Interesting. Integration with accounting, taxes etc is evidently not there yet, but it might be worth doing as an experiment. I'd love to hear stories about how the 0-conf system works in practice for a retail store.