Andreas Antonopoulos
๐ค SpeakerAppearances Over Time
Podcast Appearances
I was getting paid in euro, in yen, in pound sterling, in dollars before.
And now I've just added to that Bitcoin.
And just like before, I needed to convert those currencies to dollars in order to spend them because nobody in my neighborhood took yen.
I do the same with Bitcoin.
It's not really that different.
Yeah, nobody says you say, I don't take cash.
What you do is you offer the opportunity to have a variety of currencies available.
And you try this in experiments.
Most likely, nobody's going to pay you for a year until your customers notice.
There's a bunch of cafes that work with cryptocurrencies.
There's a bunch of professionals who earn cryptocurrencies.
It's not easy.
Well, if you want to, yes, because keep in mind the conversion rates, if you wanted to buy it at an exchange, you'd probably be paying 1% to 2% in order to buy cryptocurrencies.
The ATMs charge a premium up to 10%, so if you offer a discount, you can basically get cryptocurrencies more economically than buying them at an ATM.
So yeah, absolutely.
Now, that's the second easiest way to do it.
Many cities have ATMs as a cold door.
BTMs, usually Bitcoin teller machines.
And you can go there, just stuff a few dollar bills in cash and have Bitcoin zapped to your smartphone.
Pretty straightforward, easy peasy.