Earlier this year, while at a local restaurant, I began talking to the owner about bitcoin and payments. He mentioned that 35%-40% of his transactions were once in cash; now they’re 5%. He said that he pays almost $100,000 a year for processing charges – all while his food prices are increasing double digits. His options: Raise prices and risk losing patrons, buy lower-quality food and risk reputational risk, or find some way to regain margin.
Source: https://www.coindesk.com/business/2022/06/09/how-bitcoin-could-power-a-new-wave-of-small-business-innovation/?utm_medium=referral&utm_source=rss&utm_campaign=headlines