Why would a business with existing infrastructure for payment systems that have existed for 20+ years continue to use their currently existing payment infrastructure as a settlement method for their vast majority of customers instead of building a brand new infrastructure for a small minority of customers 🤔?
Love it, or hate it but the square update is probably the best way to make it friendly for businesses to accept Bitcoin.
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I am not talking about what Square did. From their POV is perfectly fine and is a good thing.
But my question is about the merchants.
Complacency in using an old fiat system is not an excuse.
It isn't an excuse, but most people don't try to look for better opportunities, even the semi-entrepreneurial ones who form small businesses, until it becomes so obvious that they'll die without it that they finally get motivated. Most people stay ignorant.