You accept visa, mastercard, cash, venmo, etc, what about Bitcoin?
Nobody is asking for it you say? “Bitcoin is scary, I do not understand it”. Not so fast say David Missimer and Desmond Slattery, your guides on this new journey. Their main thesis is: while it is early in the adoption cycle of bitcoin and cryptocurrency, now is exactly the time to get acquainted with this new technology. Their main reason is a practical one! Saving money on transaction fees! Let’s take a look at a transaction.
David goes on to stress the importance of managing expenses in your business and introducing to concept that many are unaware of: Bitcoin is many things, but one he wants to emphasize is: Bitcoin is a new technology and network – and it is superior to legacy systems like the credit card and banking network. It moves value over space and time more efficiently and as such, will offer cost savings. Additionally, and this gets into deeper detail that we will touch on in the class, bitcoin is like cash, a bearer asset, and does not require banks to keep track of, send and receive, and send value around the world!
While we are early in the adoption phase and understanding of the bitcoin tech and most people you talk to may not be well versed in it, I can assure you that players in the financial, banking, and credit card/payment industries understand the importance of it and the ground breaking impact it will have. If history is any guide, I doubt these players have your best interests at heart. If you research closely you will find that they are all looking and even implementing this technology, yet I am pretty sure their goal will be, as usual, to get in the middle of any transaction and charge their fees, not necessarily passing any savings to you!
One of our goals in this class is to interfere with that process!…. by offering some education and guidance now in the early phase of this technology adoption, so you can make informed and beneficial decisions and be empowered in your financial and payment methods decisions. Further reading is posted in the “materials tab” of this class and we leave you with this video of value flying around the world at the speed of light – all for a cup of cafe!
We hope you enjoyed the show! Now, if you wish to explore further it’s time for you to “show me the money”. And you will receive some bitcoin back! $59 gets you access into the class and $20 is refunded to you in bitcoin to start your payments journey.
You will learn:
Set up, back up, recover a bitcoin wallet.
Learn to transact, send and receive bitcoin
Go deeper into behind the scenes of a credit card transaction and a bitcoin transaction
Learn how to use the bitcoin network to send value (remittances) using only dollars (no bitcoin) but on the bitcoin/lightning network.
Be totally prepared if a client requests to pay in bitcoin!
**this class is for information only, NOT financial advice
“Show me the Money”
Adding Bitcoin in you payment options.
Payment options are already confusing enough, so why make it more complicated by adding Bitcoin/Cryptocurrency?
While Bitcoin and cryptocurrency are relatively young in their technology cycle, you have no doubt been exposed to news and articles detailing its progress.
Because these options offer advantages to current payment rails, no doubt sometime in the future you will be confronted with a customer that wants to pay via this method. Why not get a jump on things and start preparing and learning now? It’s actually quite easy and we break it down for you in an easy and entertaining manner. As our title suggests, show me the money, we place the emphasis on how Bitcoin can help your practice and save you money (on transaction fees), rather than arguing for or against the tech or philosophy. Practically speaking, do you currently understand or care how traditional card networks or banks work on the backend or detailed level, or are you more concerned, as we suspect, that the transaction interface and execution is simple, efficient and the money ends up in your pocket or account?
Ready to go for it? Cost is currently $59, but you will receive $20 back in Bitcoin! You can then choose to keep the bitcoin, share the bitcoin, spend the bitcoin, or convert the bitcoin back to US dollars or any currency you like! Upon completion of the class, you will have the means to accept Bitcoin seamlessly, receiving and sending and learn a little more about this new technology as well as some interesting facts about the current payment methods, rails. Your guide on this journey, David Missimer and Desmond Slattery.
Example of adoption in financial sector. Meet David Marcus. Remember when facebook was trying to create its own currency, or cryptocurrency or stablecoin (we do not really know which)? It was know as "Libra". Ultimately, it never went anywhere mostly because of regulatory issues. Well, David Marcus was heading it. Before that, he was vice president of paypal and on the board of directors at coinbase as well as a series of other companies all related to payments. After all of this Marcus co-founded a company called Lightspark that describes itself as using the Lightning Network to "extend the capabilities of bitcoin". This is just one of many examples of those on the financial sector adopting or researching bitcoin as a superior payments network. Do not make the mistake of thinking this is just some fringe or irrelevant technology.Those in the know certainly do not think that!
Finding your life’s pursuit with absolute clarity feels amazing. Mine is to help create a truly open payment protocol for the Internet. This is what I’m dedicating the rest of my life to. What’s yours?
— David Marcus (@davidmarcus) April 30, 2023