Several years ago Crypto Is Cash initially chose 3 of the 4 coins we promote because they were all easily available to the mainstream public via Venmo & PayPal. The hope was to teach merchants to accept those coins, #btc #ltc #bch
Monero is included because privacy is a right, not a privledge.
Ethereum was excluded because tx fees were regularly much higher than the others. Also, layer 1 tech is hard enough to explain, let alone the manylayerv 2 work arounds. That said, if we do use Ethereum tech we promote Polygon as it's fees are consistently the lowest.
Keep in mind the #1 selling point for accepting crypto is LOW TX FEES.
FACT
In my experience, business owners do not want anything to do with crypto. It is a VERY hard sell. Even now that Square has pushed it as a default option, merchants, still, have very little interest.
MARKETPLACES
Bitcoin (Core) and Monero have the best online marketplaces, by far. I would venture to say that Monero's community outshines BTC's, probably because the effort is concentrated on fewer marketplaces.
Litecoin has nothing specific to LTC, and seems to ride on it's Bitpay usage.
Bitcoin Cash has a strong physical presence / ecosystem in Philipines, and a few good developers working on new online marketplaces.
USAGE
Bitcoin - NEEDS Lightning to be competitive with TradFi fees. Lightning doesn't have to be, but it IS centralized.
Litecoin - Excellent for day to day usage. Very low tx fees.
Monero - wallets should be synced regularly, and before attempting to pay, sometimes quite a while beforehand. Tx fees could be a lot lower.
Bitcoin Cash - works even better than Litecoin for day to day usage. Very low tx fees. Layer 1 USD stablecoin available.
TOOLS
Let me start by saying that Edge is one of my favorite wallets, but for these coins Cake wallet has more features. It has Lightning for Bitcoin built in, MWEB for Litecoin, sub-addresses for Monero, and 0-conf for Bitcoin Cash.
On the merchant end, I push the Bitrequest Point of Sale, as it is impossible for employees to have access to funds, and it is incredibly easy to setup and use.
#btc #ltc #xmr #bch #cryptoconomy
