Will you accept payment in stablecoin?

"Having bought my first Bitcoin in 2013, I'm a long-time supporter of cryptocurrencies and blockchain technology and firmly believe they will change many industries, not just financial services. We already receive enquiries from clients seeking to use proceeds from profits made from cryptocurrencies as their deposit, and clients looking to borrow against them. Many will turn their noses up through fear of the unknown, and crypto's reputation for get-rich-quick schemes and scams, through to concerns over money laundering. Being far more familiar with the concept than most though, we'd be very happy to accept payment in cryptocurrencies such as Bitcoin and stablecoins."

"As an e-commerce site, one of our goals is to make buying processes as easy as possible for customers. If stablecoins prove to be popular, easier and, well, stable, then I don't see why we wouldn't accept them as payment. We would also need the major payment providers like Stripe to accept them. However, customers can already pay digitally and easily with 'stable coins' called pounds. So I don't know if this would be the huge leap forward that it is being made out to be. It's a fiat currency dressed up as a digital one."

"Cash, card, PayPal and bank transfers have always been, and will always be, the only form of payment I will accept for services and treatments. I cannot walk into my local village grocery store for a pint of milk or my local butchers for bacon and pay via crypto, so why would I accept it? Cryptocurrencies are totally pointless for small businesses in rural communities. It's a hell no from me."

"I wouldn't accept payment in stablecoin. Not at all. While regulation might stop some of the outright fraud we've seen in the cryptocurrency world, there are far too many cryptocurrencies, and they are typically still far too volatile to be of any use to me as a method of payment. We're just not there yet."

"If the UK Government were to allow stablecoin payment in the financial services industry, then I'd be happy to accept it as a form of payment. But the jury's out on whether being paid in a fiat-backed cryptocurrency would be any more popular than paying by BACS, Apple Pay or any of the other payment methods."

"This announcement will certainly move us closer to adopting stablecoins as a payment option. While trust levels for the Government are as about as low as it gets, it often sets the rhythm when it comes to what gets adopted by wider society. As a health and wellbeing company that is already involved in Web 3.0, it would be hypocritical of us to totally denounce crypto as negative. Ultimately, it wasn’t that long ago that the idea of paying on a website was low trust and people said it would never gain mainstream use, so we have to look at it with a bit of context."