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Ben Fitts
Ben Fitts
7 years ago

If you can show a business owner that crypto transactions charge 1% to 0.5% … Vs a traditional merchant account that charges 2.9%.

That’s a no-brainer. That’s 1.9% – 2.4% more profit.  Even if the Bitcoin price is volatile you can convert to fiat right away, or convert a percentage of it to fiat.  For example with several of the crypto services, you can set a percentage to keep in your Bitcoin wallet and a percentage to convert to fiat and transfer to your bank account.

BTW Coinpayments that both Nicole Sauce and I use, offers an affiliate program. Contact either of us for a referral link. Or maybe we should sign Jack up so he can use his referral link here 😉

Other competitiors are

Go Url
BitPay

Stripe used to take Bitcoin but they’re switching due to the volatility. It is predicted that they will accept Stellar Lumens (XLM) because they provided funding to help start that business. (Although they also donated their percentage of ownership so this may be a false prediction.)

Square is next I think to start accepting crypto.

Amazon is also in the process of securing crypto domains, filing crypto patents, etc.  So amazon pay may very well accept crypto even if amazon.com doesn’t… We don’t know yet what Amazon’s plans are.

 

Another reason to accept crypto… You can get community support. For example, with GoUrl and CoinPayments you can accept lots of altcoins not just Bitcoin/Litecoin.  For example. With MinerParts we accept Zencash. Zencash is a project I believe in.  I’ve been able to get my site listed on Zencash as being a vendor accepting Zen.  This gives me a lot of credibility in the Zen community.  I have several customers from that community as a direct result even though only a couple have paid in Zen. Some of them don’t want to pay in Zencash, they want to HODL it. But they’re still purchasing from me.

Linda
Linda
7 years ago

The story on Miami-Dade housing plan for teachers explored a lot of the downsides and shady finances as well as the (hypothetical) advantages. Interesting article. Several of the comments identified other problems. One of he best cracks was, “oh great, my students’ parents will know where I live.”

But the thing that occurred to me first was all the buildings that went up 100-125 yrs ago to put workers right next to where they worked: we now call them tenements. New England towns have lots of decaying blocks of this kind of mill workers’ housing. How about a chorus of “I owe my soul to the company store”?

I’m also wondering if young teachers will buy into this because, with later and later maturation, they haven’t yet moved beyond the dormitory phase of life.

All in all, a dismal picture. And I agree about making not just teachers but every profession into heroes. I think of a social worker whom I know who is constantly posting every meme that makes social workers heroes. Sure, everyone needs a little boost now and then, but Jack is right: what happened to getting most of your satisfaction from the simple knowledge that you are doing your job to the best of your ability?

Sam W.
Sam W.
7 years ago

It took three years after I discovered the root of my autoimmune disorder for it to go away. I didn’t have the benefit of paleo to speed things up.

Sam W.
Sam W.
7 years ago

Here in Oklahoma the teachers that are wealthy enough or retired filed for state office to take over the state government. Because the legislature wouldn’t raise taxes to give them a raise. Not only are they teaching common core, that was voted out by the people now they are going to try raising taxes that was also blocked by the people.
My idea is to require a vote of the people for elected officials to get a raise.

Dan
Dan
7 years ago

Interesting that Jack mentions a recession in this podcast.  I think we have been in a recession for the past 2 months.  Were about due its been about 10 years and it just feels kinda like 2007-2008 did.

 

I am hoping Jack is wrong about this being worse than the last recession-which in my opinion was a depression.  I am hoping with all the money coming back to the USA from overseas makes this recession less painful, but only time will tell.  I haven’t heard anyone else from the lame stream media say anything about a recession until Jack mentioned it in this podcast.