Zach Harvey (@ManchFu) describes what Bitcoin offers him as a small business owner with a global customer base. Excerpts:
"After receiving numerous orders that were scam orders, I now can only accept PayPal and credit card sales to a small number of countries I know I won’t get many scam requests from. So now I accept these orders from just about ten percent of the countries that I started out with."
"If you want to send or receive a wire for $10,000 or more, you may be looking at a form like [seen on video]. That’s just one page, and that’s for receiving $10,000. With Bitcoin, the form [doesn’t exist]."
"If there’s nothing between me and the consumer, then there’s no friction in the market. There is no discrimination between formal markets and informal markets with Bitcoin. Bitcoin simply doesn’t care. [The transaction] doesn’t go through any organization where that question — is this a formal or informal market, needs to be answered. [The money] just goes to where it is intended to go."
"Bitcoin opens up the market completely for any transaction for you as a business to go directly to your customers without any unwanted middleman, and that’s why I’m excited about it."
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