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@vercelabloh
Been thinking about "how to increase the number of USDC transactions at shops" and have decided that the best way is to give people USDC cash back for buying things with USDC; and [loyalty] tokens for buying things with fiat. And then showing merchants how many people have those tokens. Or something of the sort.
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Sam (crazy candle person) ✦
@samantha
Substitute lack of a transaction fee for a discount for the customer. “Get a 5% discount if you pay with (insert crypto app name)”. Loyalty programs are great for smbs owners with strong business acumen but are generally difficult to manage for those just trying to make a living :(. I’ve been toying around with it and candles for a while but it’s just a whole other pipeline to manage.
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Joshua Hyde
@jrh3k5.eth
I go to a bike shop now that quotes people the price with credit card up-front and advertises a 'discount' for using cash. It makes it seem like the customer is getting a discount, rather than the customer otherwise paying the transaction fee.
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@vercelabloh
Yeah it's impossible for SMBs to do this properly. Even mid-sized businesses find it nearly impossible (I've asked). To be clear, I don't think the SMBs should run the program. I think whatever organization has decided to help integrate and scale this... they should run it. And it can be a massive business simply because it helps SMBs discover new customers.
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