How Bitcoin May Energy a New Wave of Small Enterprise Innovation

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Earlier this yr, whereas at an area restaurant, I started speaking to the proprietor about bitcoin and funds. He talked about that 35%-40% of his transactions had been as soon as in money; now they’re 5%. He stated that he pays virtually $100,000 a yr for processing fees – all whereas his meals costs are growing double digits. His choices: Elevate costs and danger dropping patrons, purchase lower-quality meals and danger reputational danger, or discover some approach to regain margin.

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