# Merchant adoption

`kaal:entity:merchant-adoption`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `merchant-adoption`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

2 claims across 2 works, 2019 to 2022.

**2019**

- [3396522-038](https://wulfkaal.github.io/claims/3396522-038) [mechanism/argued] -- Merchant adoption of stable cryptocurrencies turns on a concrete threshold: merchants pay 2.9 percent to credit card companies on non cash transactions, so any medium of exchange costing less than 2.9 percent benefits merchants, who can pass the saving to consumers as a discount.
  > In the existing digital commerce, merchants pay 2.9% to the credit card company for any transaction involving non-cash transfer with credit cards. Merchants would benefit from any medium of exchange that requires them to pay less than that 2.9%.
  Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019). SSRN: https://ssrn.com/abstract=3396522

**2022**

- [4033886-030](https://wulfkaal.github.io/claims/4033886-030) [design/argued] -- Market liquidity in digital assets is not only about exchanging crypto for fiat: allowing crypto to be used as a means of transacting for any good or service may itself increase market liquidity.
  > Increasing liquidity does not mean only being able to exchange crypto for fiat currency, but also the ability to exchange for any good or service. By allowing for transactions to use crypto as a means of transaction may increase market liquidity.
  Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/merchant-adoption.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.