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According to Mallers, any website that uses Shopify online card transactions can now process payments using Bitcoin’s Lightning Network. The partnership is live right now and a massive step toward the mass adoption of Bitcoin.
“Any online merchant that uses Shopify can accept payments without the 1949 boomer network, receive it instantly, cash final, no intermediary no 3% fee”
During the presentation, a slide appeared listing some of the biggest retailers in America, including McDonald’s, Walmart, Home Depot, and Best Buy. According to their websites, Blackhawk and NCR also serve Starbucks, Chipotle, El Corte Ingles, Lowe’s, Staples, Woolworths, and thousands of other global retailers.
Like a money order?Bitcoin may soon be accepted by McDonald's, Walmart via Lightning Network, Mallers says
Jack Mallers announced in Miami that Bitcoin will be available via the Lightning Network to over 400,000 storefronts and US Shopify sites.cryptoslate.com
This could be huge. There is a very strong financial incentive for everyone to use crypto, as it benefits both buyers and sellers. If you are paid in crypto, and you can buy what you need with crypto, then there is no reason to ever convert back to fiat, and that is the goal.
Taxesthen there is no reason to ever convert back to fiat
Is that a Trump co?Pathetic salesmanship for idiots. My products may soon be available at Walmart and other major retailers, so make sure to invest at eco.kissmyassyou****ingidiot.com
Is that a Trump co?
Taxes
That's true, but with mass adoption of crypto, widespread tax evasion will take place on a scale never before seen.
That's incredibly optimistic. The government would sooner nuke internet services than allow that to happen.That's true, but with mass adoption of crypto, widespread tax evasion will take place on a scale never before seen.
"you can expect a Bitcoin transaction to take anywhere from 10 minutes to an hour to finalize. "
How Long Does A Bitcoin Transaction Take? Common Bitcoin Questions
Bitcoin transactions can be finalized in as few as 10 minutes. However, this time can vary greatly. Click here to learn the reasons why.blog.coinsource.net
Note its only this fast because bitcoin isn't used often, if mcdonalds and walmart used bitcoin this could shoot up to hours and your Big Mac might cost you $1.50 or $7 depending on the price fluctuation in between.
That's incredibly optimistic. The government would sooner nuke internet services than allow that to happen.
Not entirely true - black markets are fundamentally evasions from sales taxes.Most tax evasion is property and income not sales. Sales tax evasion isn't really a thing.
It is in fact the fiat currency of fiat currencies.Who the **** doesn't understand that bitcoin is a fiat currency. Jesus ****ing Christ.
Not entirely true - black markets are fundamentally evasions from sales taxes.
Who the **** doesn't understand that bitcoin is a fiat currency. Jesus ****ing Christ.
Look, we're in basic agreement here and I'm not going to argue this point with you, but "black markets" are more than markets of banned products.No, they are fundamentally where one buys banned products. A lack of sales tax is incidental not driving.
Look, we're in basic agreement here and I'm not going to argue this point with you, but "black markets" are more than markets of banned products.
One of the major arguments against any consumption tax is in fact this - that it would drive some into the "black market" to sell their wares as a means to avoid paying sales tax. It's a means of tax avoidance.
No - I'm talking about the VENDORS, not the buyers. Sorry if I wasn't clear.No, they are fundamentally where one buys banned products. A lack of sales tax is incidental not driving.
If someone tells you they went to the black market to avoid sales tax, they are full of shit. They are moving illegal products.
No - I'm talking about the VENDORS, not the buyers. Sorry if I wasn't clear.
It's precisely the same diff.People pay their plumber in cash. Same diff? Not significant tax evasion.
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