Re:Kik Messenger App Debuts Own Digital Currency Amid Bitcoi...
by JumpCrisscross on Thursday May 25, 2017 @12:28PM
(#14418305)
At least in the United States, a vendor isn't required to accept U.S. dollars for sales. Only to settle debts. If you have a shop, you are free to only sell your wares for loonies. If you're a restaurant, however, and collect payment after the meal, i.e. after issuing credit, then you must accept legal tender.
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Re:Kik Messenger App Debuts Own Digital Currency Amid Bitcoi...
by ShannonAlther on Thursday May 25, 2017 @12:33PM
(#14418338)
That's really interesting and makes sense. However, given how common credit is, the fact that you must accept USD as payment in the US means that USD circulation is going to be really high, and therefore vendors that don't accept it for sales are going to be demolished by others that do. As opposed to BTC, where if you don't accept it, so what? and if you do, you're at least a little unusual.