In my opinion, it's delusional (at least for now) to believe that a massive amount of businesses will start accepting crypto like Bitcoin without selling it at the market value automatically. Businesses need stability and we can't ask them to trust a currency that can lose 80% of its value in a few months.<p>Businesses want stability but they also want to maximize their revenue by eliminating unnecessary costs. The current credit card processing fees are around 2-3% which is huge! By accepting a stablecoins like DAI instead of credit card payment a businesses could save a lot of money.<p>I would be curious to hear what HN thinks about this.<p>Edit: You can learn more about it here: https://makerdao.com/
How do you save the 2-3% processing fee? People will continue using their Visa / Mastercard credit cards so you'd have to persuade for profit businesses that do processing currently to use DAI and lose their income from fees. Not going to happen. You'd need to offer alternative payment method and somehow persuade people to switch.
A full cost comparison works be interested. This would have to include.<p>Are there any providers that offer full merchant services based on any stablecoin?<p>What about any insurance providers for to cover pontial losses?<p>I’m going to purposefully avoid all the other typical questions of hurdles to adoption as they seem out of the scope of your question.