Sure, bitcoin is a store of value and a hedge against global debt and inflation. But what is it actually like for a merchant to transact with it day to day — to pay taxes, to cover exchange rates and properly manage multiple wallets?
Today’s guest is Denet Lewis, owner of Beans N Barbells, who accepted bitcoin and other cryptocurrencies at his coffee kiosk at the Bitcoin 2019 conference. Lewis helps paint a picture of the pros and cons of accepting bitcoin as a small business owner and offers a glimpse into the hurdles that lie ahead for broader merchant adoption.
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