INSIGHT
if I said that we spent months researching
all the potential problems and pitfalls that
could arise from accepting cryptocurrency
as a payment processing option. Instead,
we elected to jump in head first.
In fact, within a month of completing
research into what bitcoin was in early 2015,
we enabled it as a processing option in our
cashier. While this was a risk, and it opened
up our exposure to some serious pitfalls, it
wasn’t nearly as risky as it would be if we
were to take the same gamble today.
After all, when we first started taking
bitcoin, it accounted for only 2% of our
overall business. However, we immediately
realised there were a number of new
challenges associated with bitcoin that we’d
never even considered.
For starters, cryptocurren