shawn on Nostr: The B2B payments opportunity for Bitcoin is massive. “The drawbacks of paper checks ...

The B2B payments opportunity for Bitcoin is massive.

“The drawbacks of paper checks are evident in industries like construction, where 76% of subcontractors receive payments through checks. This method led to a staggering $273 billion in losses due to slow payments in 2023. Additionally, costs associated with issuing checks — ranging from $4 to $20 per check…”

https://www.pymnts.com/digital-payments/2024/75percent-companies-still-use-paper-checks-despite-high-cost/