Some of you may know that a few days ago the official Steak 'n Shake Twitter account posted a poll asking if they should accept ETH payments. Then a few moments later they suspended the poll (funny enough ETH was winning) and revealed themselves to be Bitcoin maxis, saying 'our allegiance is with Bitcoiners.'
Despite that when a chain restaurant like this one asks if they should accept ETH payments it is not a marketing stunt but a reflection of where the world is heading. Ethereum is the backbone of a new kind of economy: open, programmable and global. Unlike other blockchains Ethereum runs on decentralized validators that are spread out across the entire world. Ethereum has no single point of failure, no mining arms race and there is no central authority pulling the strings.
Why does this matter?? It does matter when you are talking about something as real as payments. All businesses want to lower costs, save money, avoid chargebacks and reach more customers. Ethereum gives you all of this!!
- Payments settle in seconds.
- Costs are low because of Layer 2's.
- You do not need a middleman to get payments.
- It is straightforward, secure and final. So once you get paid that is it.
When customers pay in ETH they are not just buying goods or services, they are taking part in a financial system that works anywhere and anytime!! Businesses that start embracing Ethereum today are stepping into the future of money.
Resources:
Why businesses should start accepting ETH payments.
byu/MasterpieceLoud4931 inethtrader
Posted by MasterpieceLoud4931
5 Comments
[deleted]
Can we really guarantee constant low fees with L2s? The recent crash pumped gas fees up even on the best L2 chains
Cryptocurrency has ZERO stability. Take a look at price movements over the last week. It’ll never be adopted as a currency if it fluctuates 10% in a day. The USD may continue to loose value but at a very slow pace and is somewhat stable.
Can you imagine going to stake&shake with $10 to buy food and by the time you get out of your car and walk to the counter your $10 dollar is now worth $8.
Nah, we good
BTC maxis knows damn well all that Eth has got to offer and are so scared of Ethereum taking over but it’s just only a matter of time for the inevitable to happen. !tip 1