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learn more here HTTP colon slash slash Tico slash a nine eight C and 2g FRP Sybil at civil March 6th 2019 thanks for watching the ohio bitcoin comm bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price the articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon the 4th largest private employer in the u.s. says no to visa may accept bitcoin it is official Kroger the twenty two dollars and 35 cents be the US largest supermarket chain by revenue complete with three thousand twenty eight locations effectively becoming the fourth largest private employer is officially tired of Visa credit cards like most centralized payment facilitators visa is quickly turning out to be fast high throughput but expensive for this reason the chief financial officer at the profitable supermarket chain Mike schlattman said they will no longer accept Visa credit cards at any of their Smith’s food and drug stores beginning April 4 food and drug stores has 20,000 employees spread across seven US states operating in 134 branches visa has been misusing its position and charging retailers excessive fees for a long time at Smith’s visas credit card fees are higher than any other credit card brand that we accept crypto like Bitcoin is cheap and superior as a new innovation blockchain and cryptocurrencies including middlemen a role played by centralized fund transfer agents like visa the funds transfer facilitator has infrastructure in place but because of the nature their operations these are in similar companies charge a premium for their services in contrast cryptocurrencies are in the early stages of adoption although they may be volatile of which it will reduce when it is finally mainstream evidence shows that these networks are cheap fast secure and most importantly global that means fees are constant regardless of geography add that to censorship resistance these superior alternatives are immune to local socio-economic events like hyperinflation more about visa this is a blow to visa with five types of credit cards visa classic gold platinum signature and infinite the decision by Kroger may also change the mind of other chains if it becomes a global rally visa may be forced to reduce their fees as profitability despite their presence in more than 200 countries and accessibility from more than one point nine million ATMs visa is the largest credit card issuer in the world a visa spokesperson with a carefree attitude responded saying card holders are our first priority our goal is to ensure that every cardholder can use their Visa card wherever they wish to shop when consumer choice is limited nobody wins the visa network delivers significant value from merchants including access to more customers increased sales security and fraud protection a quick and convenient checkout experience and ongoing innovation and implementation of the latest technologies Kroger enjoys all of these benefits and there is a cost for these services like any other Anthony pomp Leon oh and Bitcoin lightning Network proposal while tweeting about this decision a co-founder and partner at Morgan Creek digital Anthony pomp Leon o said his team was ready to meet the kroger the aim he says is to hook them up with the ever expanding Bitcoin Lightning Network grocery store at Kroger is stopping acceptance of apps visa in over 250 stores because of network fees who knows someone on the leadership team there the Morgan Creek digital team will fly to meet them and get them hooked up with the Lightning Network nationwide % oi pump @ upon plea on Oh March 2nd 2019 moments later a product manager of the super market chain going by the Twitter name at Suffolk Nick said he was ready to make arrangements hey pump I’m a product manager at Kroger digital can confirm that Yale is the correct person to discuss this with I would love to set up a conversation Nick at Suffolk Nick March 2nd 2019 hours later pump confirmed their first call just finished up first call with someone on Kroger digital team world-class forward-thinking crew looks like things are progressing stay tuned oi pump add a pump Leon Oh March 3rd 2019 the Bitcoin lightning Network is a layer 2 solution that promises to scale the underlying settlement base it is a work in progress and in beta thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon paying for your coffee with Bitcoin at Starbucks is it worth it BTC as Starbucks shops are preparing for the integration of backed the famous coffee shops customers will have the opportunity to pay for their favorite coffee with Bitcoin BTC however tax returns might represent a serious problem to the functionality of the crypto based payment system the point of mass adoption in terms of accepting cryptocurrencies as alternative payment methods across various retail shops comes down to the case of spending your digital assets as quickly as fiat in the meanwhile many shops started to accept Bitcoin alongside several cryptocurrencies but the mass adoption is yet to bring the Kryptos to mainstream as the majority of businesses accepting crypto ax as an alternative payment method are said to be small and medium companies this case might soon see serious changes as Starbucks most recently received significant equity in bat although the coffee giant is not holding any cash investments in this cryptocurrency ecosystem back to bring cryptocurrencies to Starbucks customers as reported by the block Starbucks is currently working on designing and developing an application and a card that will allow the coffee Magnum to become Beck’s first merchants on platform initially only the customers based in the United States will be able to use Bitcoin to cover their coffee bill at Starbucks the equity stake was issued after the partnership between Starbucks and backed was made official while Starbucks agreed to allow Bitcoin based payments in return the partnership announcement was in the meanwhile postponed as the companies were waiting for the decision from C FTC scooped at Starbucks received significant equity in at backed in return for commitment to allow Bitcoin payments in store in 2019 Genesis via at i underscore Woodford HTTP T Co /o b z e 1 fo z o poq . wit accom / rocks lou – my – ders admin – ders March the 4th 2019 however although the recent partnership with backed brought Bitcoin to Starbucks as one of the available payment methods the famous chain of coffee shops doesn’t actually accept direct deposits in BTC which means that during the payment BTC is being exchanged to u.s. dollars as enabled buyback software in this case scenario the most significant obstacle is the fact that this type of payment processing mechanism calls for tax reporting for the coffee you are buying which is why some Twitter users are reminding crypto enthusiast’s that all Starbucks customers paying with Bitcoin will be required to count the capital gains on every cup of coffee bought with BTC reminder that if Starbucks does accept Bitcoin at some point you will be required to calculate capital gains on every cup of coffee you buy HT TP s T Co /n m z l g j t FC for we are trying to change that – neeraj kala grill at no Radtke marched v 2019 although the coffee giant is making a step that could be categorized as a significant leap towards the mainstream adoption of Bitcoin and possibly other cryptocurrencies likewise Starbucks customers who wish to pay for their coffee with Bitcoin might face some difficulties due to the tax reporting is paying your coffee with Bitcoin BTC worth the trouble back in 2014 the IRS published guidance on the subject of cryptocurrency where it is clearly stated that virtual currencies are to be treated as property while all generalities included in the principle on paying taxes on the property will likewise be applicable on cryptocurrency based transactions that means that every time a customer would pay for their

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