How Bitcoin Could Energy a New Wave of Modest Business enterprise InnovationNews Headlines
Earlier this 12 months, whilst at a nearby cafe, I commenced chatting to the proprietor about bitcoin and payments. He outlined that 35%-40% of his transactions ended up at the time in income now they’re 5%. He mentioned that he pays practically $100,000 a calendar year for processing fees – all whilst his meals charges are raising double digits. His alternatives: Raise costs and danger getting rid of patrons, get decrease-excellent foods and threat reputational possibility, or discover some way to regain margin.