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Just simple curiosity, as you all know mobile payment is really popular here. And wanted to know if some business took this as an opportunity tu start accepting payment in Bitcoin or other cryptocurrencies. So if you know any write them below
First off. Accepting BTC for your business in our current situation is merely an investment for a anticipated surge in BTC–Dollar ratio and not a viable means of making regular profits.
Second, Crypto might be illegal in Mauritius or requires a permit from Financial Services Commission (FSC). That’s why nobody is doing it.
Also, if significant amounts of your revenue becomes in Crypto, then you will not be able to re-invest your revenue to buy new products due to market crashes or current problems with banks to withdraw Crypto. In this case the most ideal solution is to place a limit for how much goods you can accept Crypto in your business. Which means for some time you will accept Crypto, stop the service, then re-launch it when you are ready which is poor business practice when you want to build reliability with clients.
Traditional_Set7038 on Is there any update on the new date for sim registration?: “The court case is set for continuation on 22nd May 2024. Here’s a good source for updates BTW. [https://www.facebook.com/groups/simcardmauritiuslegislation](https://www.facebook.com/groups/simcardmauritiuslegislation)” Jul 21, 02:50
AgilePersonality2058 on Is there any update on the new date for sim registration?: “Perhaps consult the latest news first? [https://defimedia.info/gel-du-reenregistrement-des-cartes-sim-statu-quo-en-attendant-le-jugement](https://defimedia.info/gel-du-reenregistrement-des-cartes-sim-statu-quo-en-attendant-le-jugement)” Jul 21, 02:50
Mauritius Facts
Mauritius is a proud possessor of the United Nations Development Program's highest Human Development Index (HDI) in all of Africa.
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cumtrafficant asked 8 months ago dark_pen1s on Is there any update on the new date for sim registration?: “I hate the fact either. Totally against privacy. Not re registering myself” Jul 21, 02:50
First off. Accepting BTC for your business in our current situation is merely an investment for a anticipated surge in BTC–Dollar ratio and not a viable means of making regular profits.
Second, Crypto might be illegal in Mauritius or requires a permit from Financial Services Commission (FSC). That’s why nobody is doing it.
Also, if significant amounts of your revenue becomes in Crypto, then you will not be able to re-invest your revenue to buy new products due to market crashes or current problems with banks to withdraw Crypto. In this case the most ideal solution is to place a limit for how much goods you can accept Crypto in your business. Which means for some time you will accept Crypto, stop the service, then re-launch it when you are ready which is poor business practice when you want to build reliability with clients.