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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 19 JANUARY: | ASX rises 1pc | US eyes Australian market as cannabis investment fund takes stake in Lifespot Health |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 19 JANUARY: | ASX to rise, $A eases amid greenback surge | Battery sector cries out for more graphite as shortfall looms |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 18 JANUARY: | ASX sheds 0.8pc | Tietto Minerals appoints COO to drive development of Abujar gold project | China, Hong Kong stocks climb on upbeat GDP data |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 18 JANUARY: | ASX to fall, global equities lower | Neuroscientific is researching a potential cure for post-COVID lung damage |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 15 JANUARY: | ASX down 0.6pc over the week | Lithium sector springs back to life amid acquisition deals and price rises | China stocks fall as consumer, liquor firms retreat |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 15 JANUARY: | ASX to rise | Wall St lifts on Biden stimulus |The potential life-changers on Tolga Kumova’s radar in 2021 |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 14 JANUARY: | ASX gains 0.4pc | Consumer firms drag China shares lower; Alibaba, Tencent boost Hong Kong | Azure Minerals starts accelerated exploration and resource drilling program at Andover |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 14 JANUARY: | ASX to edge up | Here’s what ASX stockspert Bhavdip143 likes so much about the $35m Chimeric IPO |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 13 JANUARY: | ASX snaps loosing streak | China stocks mixed on profit-taking; consumer, healthcare down | BPH Energy’s investee Advent closer to drilling Baleen gas target, carbon capture and storage research |

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    GMTT – chart of the day – DAX Index (Germany) – Jan 19, 2021

    GMTT – chart of the day – DAX Index (Germany) – Jan 19, 2021

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 19 JANUARY: | ASX rises 1pc | US eyes Australian market as cannabis investment fund takes stake in Lifespot Health |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 19 JANUARY: | ASX to rise, $A eases amid greenback surge | Battery sector cries out for more graphite as shortfall looms |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 18 JANUARY: | ASX sheds 0.8pc | Tietto Minerals appoints COO to drive development of Abujar gold project | China, Hong Kong stocks climb on upbeat GDP data |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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    The Cotton Row Journal, week of 11-15 Jan

    Cabrera Capital Daily Game Plan

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    OP: Setting the Stage

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    GMTT / Chart of the day / Apple / Oct 27, 2020

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    NASDOG.com: Corn, What Changed Today?

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    NASDOG.com: Stocks Getting Serious; Quick Word on Beans

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Home Currencies Forex

Bitcoin for Buskers – a Case Study in Micro-Transactions

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Monday, April 16, 2018
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Heavy footfall, the call to action, a pay what you want strategy for instant payments accepted worldwide. Here’s why cryptocurrency could soon become the buskers’ preferred virtual hat.


Picture the Scene

It’s Sunday afternoon and you’re doing some browsing at a local market. You’ve just got yourself some tasty tacos from one of the food stands. Yes, I meant real physical browsing, not sitting at home in front of your computer screen!

Looking for somewhere to enjoy your tacos, you notice a crowd gathered around a group of street musicians. They’re pretty good, so you spend several minutes listening whilst you eat. It’s only when you’ve finished the food that you realize you’re out of change.

There’s an App for That

Faced with the problem of an increasing propensity for cash-free audiences, Josh Thomson and his busking partner started accepting electronic payments on the streets. Well, if fictional homeless people can do it then why not? In fact, I think if I were busking on the street I’d plaster a QR code all over the front of my bass drum.

Josh has spent four and a half years traveling around the world and busking for a living. He says that he has noticed differences in attitude between audiences in different countries.

There's an App for That

The Future of Travel

Mr. Thomson, who is an Australian, says that audiences in his home country are more wary of making electronic payments. However,  he notes that:

In Europe and the UK, with apps and PayPal and everyone getting into bitcoin, people actually are paying buskers with digital currency

A Generation Gap

Unsurprisingly, older generations are more likely to feel that digging into your pockets is more anonymous than swiping a card payment. But those who have grown up with Chip and PIN have always been taught that card payments are safer than cash.

And of course, the crypto-generation are fully aware of the benefits of a crypto payment. Josh also says that accepting electronic payments has also encouraged larger individual donations.

I can just imagine some hipster showing off in front of his friends and dropping a whole wad of crypto on my busking ass. In fact, I can’t think of a better way to part a hipster and his money.

Let’s just hope that this doesn’t catch on with the chuggers.

Have you ever given money to a busker using digital currency? As we become more and more a cashless society, do you think it will continue to catch on? Let us know in the comments below.


Images courtesy of Wikimedia Commons/ElectricLove23, Reddit/kleef

The post Bitcoin for Buskers – a Case Study in Micro-Transactions appeared first on Bitcoinist.com.

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