RE: Want to buy a coffee with your Crypto? The GRAFT Network can help
hi @mazzle
Im amazed to see that more stores are allowing crypto as a payment method. Or at least trying.
Those kind of posts shoudl be promoted the most because they show real usage of crypto and can serve in real life.
And it's these reasons, among a few others, that are slowing down the mass adoption of cryptocurrencies.
Thanks for sharing your valuable experience with us. Im actually glad that I resteemed this post. So much valuable info.
Currencies drastically change in values over short periods of time
Charging for item in crypto and paying for manufacturing in FIAT currency is major issue here.
I also would find calculating and paying taxes really hard if my shop would allow crypto.
With GRAFT though, we won't need to worry about the fluctuations in the price of a currency
I really cannot understand how they can fix this problem. Fluctuations in price will always affect your business. Would it matter if your crypto will be converted manually or automatically to FIAT?
Anyway this is interesting project. Thx for that amazing review.
Yours
Piotr
Thanks Piotr. The fix to fluctuating currency values is the speed of conversion to the currency of your choosing. Whether that be Fiat or another currency. It gives you greater control and helps manage the risk of fluctuating values.
Automated conversions means that there’s little administrative work required and it gives business owners more comfort given that they don’t really need to know much about cryptocurrencies if all payments end up as Fiat anyway.
One thing that I should have mentioned in the post is that the GRAFT network is actually brilliant for people who don’t understand crypto but want to incorporate it into their business.
Thanks for your reply buddy, appreciate