What's up, Everyone,
Countries around the world are adopting Bitcoin at a faster rate than the U.S. from a merchant point and why is that? In today's podcast, I try to explore reasons why this is happening including:
- Tax Rules, Tax Rules, Tax Rules
- A starter kit for those who want things
- Questions on questions despite a sea of resources out there
- Individuals don't know many things like the marketing, tax implications, technology, and regulatory implications
- Cash on hand to meet operating expenses (Needs to be a treasury solution)
- Needs to be something to explain to a 2-3 year old
- Solutions must be made for larger sum lightning transactions (Above 2M Sats - Inbound/outbound liquidity)
- Self Custody needs to be turnkey (Block)
- Square Terminals/CashApp and Blocks New Bitkey... There needs to be more competitors and products
- You can't help everyone, kits need to be made ready for those who are open to learning and willing to adapt
- Businesses want ease. They want to focus on the products in front of them, not deal with money
- Selling businesses the opportunity for a harder treasury solution while saving on tx fees could be a big win!
What are your thoughts on Bitcoin Businesses? Do you think it is too challenging in the United States to get this going, or do you think things could be done to make merchant adoption a bit easier?
Best Regards,
Bitcoin Buys: https://invite.strike.me/2MSTYG
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.
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