![]() I am always buying products and using them with my clients, and they feel like they’re getting first-class service, even out in the middle of nowhere, and they love it.” You can still incorporate new things for older generations if it’s done properly and in moderation. Growing a small business takes consistency and always learning new things. “I do have a younger clientele, and they love tap to pay on iPhone. For the last two-and-a-half years, she’s served her clients out of Bangadangs, renting a booth in the salon. Recently she began to use tap to pay on iPhone alongside her Square Point of Sale in order to accept contactless payments from clients. She adds that while most of her clientele is older, introducing new technologies has resonated with them nonetheless. “I do have a large clientele, but most of them are in the 50-and-above range,” said Kandice Harris, stylist at Bangadangs Hair & Salon in Corsicana, Texas. Thirty-one percent of consumers hope that contactless payments are here to stay. Not only did consumers gravitate to mobile, social, and online commerce, 29% of respondents said that they prefer contactless options such as mobile wallets, contactless kiosks, and QR code payment methods. The Square Future of Commerce 2022 Report surveyed consumers and business owners in the retail, beauty, and food and beverage industries. For specific advice applicable to your business, please contact a professional. With the introduction of Lightning-based payments in the country, the retail payment sector could see a bump in BTC use.This article is for educational purposes and does not constitute legal or tax advice. ![]() The BTC wallets saw $52 million in remittances in the first two quarters of 2022. Within four months of adopting BTC, the country onboarded 4 million users on its government-backed Bitcoin wallet. At the time, President Nayib Bukele led government hoped that the adoption would help the country’s majority unbanked population to gain monetary independence. Related: El Salvador Bitcoin wallet shows ‘strong sign of adoption,’ exec saysĮl Salvador became the first country to make BTC a legal tender in September 2021. The introduction of tap-to-pay card payment would make way for a seamless BTC user experience in the country, which the firm hopes would also enhance the country’s BTC usage. ![]() "īitcoin LN is a layer-2 scalability infrastructure that allows for retail usage and expenditure of BTC in day-to-day life at a low cost and insistent transaction rate. We believe that Lightning is the future of Bitcoin payments. Molly Spiers, head of marketing and communication at CoinCorner, told Cointelegraph that lightning is the future of Bitcoin payment and encourages people to use BTC more, she explained: "The Lightning Network is designed to make bitcoin transactions as fast and cheap as possible - this will only encourage more people to use bitcoin. CoinCorner said that the motivation for its expansion in the Central American nation, apart from its BTC legal tender, was a barrage of reports about poor user experience that the firm hopes to resolve. The Bolt Card, which is a Lighting payment card, was launched on Oct. The Bitcoin Lightning services are being introduced in El Salvador by CoinCorner, which has, in turn, partnered with IBEX, a lightning infrastructure services company, to add NFC support across businesses in the country. The cardless pay service would be utilizing the Lightning Network (LN) to facilitate retail BTC transactions.Ĭontactless card payments are quite popular in the current fast-paced world, and with the help of LN, these services can now be utilized by BTC holders as well. El Salvador-based Bitcoin ( BTC) holders could soon be able to spend their BTC using the “tap-to-pay” feature wherever the near-field communication services (NFC) card readers are available.
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