Bitcoin is a distributed, worldwide, decentralized, digital money. The advantage of Bitcoin is that there is no central authority like a bank, company, or government issuing Bitcoin. Bitcoin might be intimidating to most restaurant owners because it’s not integrated with most POS systems.
For retailers and POS companies, Bitcoin is a better alternative to credit card companies because they charge between three and five percent of each purchase simply to use the service. It costs even more to wire money from one country to another.
Here are some of the ways restaurants could help …
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