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Bitcoin Payment Processor

7/22/2020

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Hello I have a question! In recent dealings with a crypto friend, we had an idea. What if there was a bitcoin payment processor in each business (restaurant, gas station, grocery store, ect...) where they coulf pay with bitcoin. Square, the primary credit card payment processor, takes around 3-4% when a card is used. That is a huge fee compared to bitcoin transfers. Our idea is to set up a way to receive the bitcoin, and then give the businesses cash for a fee of 1-2% as opposed to 3-4%. I am curious to hear your thoughts on this as well as if you would use it. I would also love to hear any ideas that you guys might have to improve this or if it already exists.

submitted by /u/Conman159
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