Why would a seed bank not accept bitcoin?

rshackleferd

Well-Known Member
Just as the title says? Pros= You can convert bitcoin to money instantly so you wouldn't have to worry about the price going up or down. You would not have to deal with credit card companies and their fees, restrictions, bureaucracy, or red flagged purchase words. Bitcoin transactions are instant and secure you dont have to worry about it being lost in the mail, stolen, or traced back to you by the return address on your order statement. Bitcoin transactions are also safe for your customers in that transactions are sent and received anonymously. You also wouldn't lose customers to other seed banks that accept bitcoin "me for example". Bitcoin doesn't have borders my bitcoin is the same as your bitcoin which means there is no conversion issues. So why are some seed banks against it? It blows my mind why any seed company would refuse to accept this awesome type payment especially the type of market/business they are in. What are the cons involved?
 
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VirtualHerd

Well-Known Member
Holding bitcoin has potential for price fluctuations that at times are extreme. As a business how often are you realistically going to convert bitcoin to cash? After every transaction? Risk simply out weighs reward for some businesses.
 
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