Bitcoin Forum

How do the big corps feel about bitcoin?  How will they feel about bitcoin?  We know they are intrigued by the underlying technology of bitcoin, the blockchain.  Please back up your claims.

As of this moment there are no news about company and their views on bitcoin but only the banking institutions have a say to this. But there is a certain company in UK where they are planning to give out salary to their employees using bitcoin. I'll give you the link next time it is from an article in bitcoin news.com

This is good, that means that more and more people are going to be aware of bitcoin.

In my country, Bitcoin is really recognized already but I'm afraid of what they mean about "rules" and "regulating":

http://www.bworldonline.com/content.php?section=TopStory&title=bsp-readies-rules-for-virtual-money-crowdfunding&id=128609

It makes me think that involvement with corporations is far away from happening yet.

Also the key is not necessarily how they feel right now, but how will they feel about bitcoin?

I think that as long as they can profit from it they will view Bitcoin as an ally, as means to expand and reach people who do not have access to cards/PayPal etc. Most of them are probably still weighing the risks while keeping a close eye on how things unfold. I doubt that any of those big corps would consider holding on to Bitcoin itself, so they need reliable/ insured/regulated third party processors to instantly convert Bitcoin they receive from their clients into Dollars. BitPay is slowly making a name for itself and so is Coinbase but at the level we're talking here, there are tons of legal kinks that need to be carefully analysed/studied and eventually ironed out before actual implementation happens and this is a slow process.

Big corporations may regret not accepting bitcoin in the time when the bitcoin price will skyrocket and these companies will feel like "how we let this opportunity get away from us". But for the moment many corporations don't care about bitcoins, with only few corporations accepting it but big ones like , Overstock, Dell and Microsoft to name a few and lately also Steam. This is good for bitcoin as is a big publicity for it from these companies. Anyway for the moment only few companies like the ones mentioned above look at bitcoin as an ally while almost all others are not interested in it yet.

I don't think it really matters what those big corps think, now or ever about bitcoin.
We have saw that all they have interest in is blockchain tech. They may enable us to pay for their products in BTC but I'm sure they wont hold on to them for to long. Quickly to the exchange they go.
Technology of BTC is a different story. Still open source, so they will chase that rabbit, to make a good use of it. Nothing wrong with that unless...
And here is the question, can this tech. could be used against us?   
 

especially, finance companies are focusing on blockchain technology and i think it is as it should be. according to me,  bitcoin will evaluate and be used  by companies in various applications thanks to blockchain technology.

it could possibly mean a restriction or more security,being regulated have disadvantage and advantage,sometimes it's strict the thing which being regulated too much but also would giving more security

I think large Corporations are already starting to see bitcoin as a payment instrument that is pretty good. maybe in the next few months, bitcoin has begun in use by several large Corporations. even a Corporations as powerful as paypal has already started to see the greatness bitcoin. I also think that someday paypal will use bitcoin

you don't need to think that someday paypal will use bitcoin because it was already happened, just see their recent  news,they having cooperation with coinbase and accepting bitcoin,now seems bitcoin can grow bigger with paypal rather than competing each other

At present, not only large companies accept cryptocurrency, but also small organizations, companies and online stores.
Bitcoin startups attracted maximum investments of all time, about one billion dollars.
http://i.imgsafe.org/0c17d1cd94.jpg

i believe incorporating bitcoin  as a payment method  for larger corporation happens more and more it will be good for the bitcoin popularity , currently only online based companies having this method ,offline corporations also should adopt  bitcoin as a payment ,by this there will be more popularity for bitcoin.

Big corporations strive to earn bigger profits and if Bitcoin could give it to them and the demand for such a technology is there they will surely invest and implement Bitcoin & Blockchain technologies in their infrastructures. But in general all they care for is money so if there is not enough demand or interest on the part of their customers they may opt out of using Bitcoin at all. Microsoft for example was going to drop Bitcoin support in the Windows store probably due to not enough interest from buyers.

What big corps are you talking about?Microsoft,Google,Apple,Yahoo?

Are you talking about big financial corporations and banks?Be more specific.

I don`t think that they really care about bitcoin...

Companies are coming around.

Especially companies like banks that could benefit from the blockchain and ledger technologies

I think the big corps are all related in some way or will be more and more connected.  It's just like the global economy; the markets are all connected.  That's why I grouped them together.

They think Bitcoin is a joke, No Big company here in my country is into Bitcoin.  They never advertise or pay their stuff with bitcoin.  Even manager of legit MLM company don't even consider Bitcoin as form of their payment.  Why did I know? Because I asked them and they replied face to face that they are more comfortable using a secured mode of payment feature of Banks and Paypal.  But well they are to accept if somehow Bitcoin pass some of their standard but as of now sadly it didn't.

Lots of poor answers in this thread.  Nearly no one gave thought into how will the corporations receive bitcoin in the future.  Bitcoin's expansion depends on this.  The corporations are all connected.  Ownership is inter-swapped.  We're in a global economy now.  This is why world markets follow each other.

It is my opinion that they like the status que and would prefer not to have to deal with a new tech, but when bitcoin gains traction they will all climb on board because it will be in their interest to do so.

Indeed, though majority of the company here in my country are not adopting the system of bitcoins. But few of the corporation company I know are absorving the system of bitcoin. Some are establishing the company which is related to bitcoins but only seeking for a victim of cthe client and then they will use bitcoin for the bad habit or intentions.

In my country there is no breaking news about big corps to adopt bitcoin.  They are still confident with the country's monetary system.  They only see some trouble or need a major adjustment if they are to adopt Bitcoin as currency.  These company are more on stable and government compliant system.  Maybe the owner are playing with bitcoin by themselves but they see thatt implementing bitcoin to their company will only make them spend money.

Already biggest corporation are with Blockchain technology. Apple, Google , Microsoft are already in phase of testing blockchain technology.

Even few banks as World Major Private Bank ICICI Bank, CITI Bank are also testing blockchain environment for better banking.

I think most of the big enterprises including big banks have already started their own research on blockchain and bitcoin to implement in their system. We will surely gonna see lots of blockchain based products on the market soon.

That sounds very exciting for bitcoiners !!!! It would be very nice to be able to widely use the bitcoins. Bitcoins used by corporations would
give the boost that it needs in this current time. Many people will come to know it's potential.

Companies that wants to accept Bitcoin as a currency, are waiting for more mature regulations regarding it's status. Some of them are saying it is still too small and others are saying that it is poorly

regulated and this add to the risk factors. These companies are interested, but they are cautious. They are also looking at what are being done in the banking sector regarding Blockchain based tech, and

most of them will follow whatever comes from these sectors, because they know it will be backed by governments. I have spoken to employees working in some of these companies and also a

investment banker at one of the bigger banking groups.  :( .... They also said that they will fall in with Bitcoin, if it attracts enough users to be a viable market.  ::)

That is right. They have their own private block chains for internal usage. But if they want to communicate with other banks, they might have to use bitcoin.

That i a bigger support to bitcoin with that bitcoin will more establish not only in digital world but in physical world also, it will be just like a signature campaign for bitcoin as the Yocoin is doing for themselves  and other crypto currencies also.

Working for a larger company, I know that we do not deal with anything in Bitcoin because of the US governments classification of Bitcoin.  The USA still considers Bitcoin an asset and not a currency.  Because of this, banks can not take bitcoin because they are not allowed to be invested into an asset that they  actually own and not loaning money out on.  Because of this reason, our company stays away from bitcoin.

That's the problem of larger companies. They follow anything they are forced to do, even if it is wrong. The banks did bring a effective anti bitcoin lobby with scare tactics and the whole package. In time small companies using bitcoin, will be followed by larger companies using bitconi.

From there there is no way to lobby anymore...

Corporations are in the queue, silently evaluating the next pioneering financial technology which seems to be bitcoin.

They do not ant status quo, but they want benefit and that is why when the technology of bitcoin wll be developed more in the near future everyone will climb at there to get their preferred profit from there.

That is right. I heard the UK government wants to establish the London to be the centre if FinTEch. So does the Swiss government.

yeah banks are just scared that bitcoin would replace the fiat and they need to start changing each of their policies and platforms so that wiil be a big mess for them and their business !

In my opinion corporations are similar to governments, there is just difference that government is public and many things they do are visible to everyone. What corporations are doing nobody know, they are everywhere, hidden between many different names. With offices in many countries, nobody can catch what are they doing. Who knows maybe Satoshi Nakamoto is corporation product, I wouldn't be surprised if we see that news in future. They are capable for many things, they proven that. And in case that they are not already in bitcoins from the start, then they will enter for sure, on some big door with some totally new coin.

Well most of them think it is just a fad from what we are seeing. No one really picked it up after the bitcoin bubble popped. But some do see the merits and benefits of blockchains for their internal use cases. But bitcoin itself remains an outsider and an "exotic" investment of sorts.

Reason for that is of course, they would have to consider the profitability of bitcoin in the future. If they feel as though they would, then they are sure to be investing in bitcoin.

Other than those advantages of bitcoin and blockchain applications, the force from their employees for their salary in bitcoin will make remarkable chances in their standing about bitcoins. I believe, most of corporations will adopt bitcoin with their own reasons similarly how individuals are doing right now.

they will regret not choosing bitcoin ini.Tapi when we look for today many companies do not care about Bitcoins , with only a few companies accept but such a large , Overstock , Dell and Microsoft for some and lately also the name Steam . This is great for bitcoin as is great publicity for it from these companies . Anyway for the moment only a few companies as mentioned above view bitcoin as an ally while almost all the other people are not interested in it yet .

   Corporations are exist to make profit for some group of people. They are in everything around us, in every little store, shop, company, bank, government. I suspect they are in bitcoin already, but like everything they do its covered with secret.
   They earn money on everything, who knows maybe this fluctuations in bitcoin are done with help of some corporations, we know they have money and human power to do what ever they wish.
   

Well I guess they are still looking to what impact it could do to their businesses. If nothing in their field of work is connected with it then they wont need it. It will stil depend on what the businees is. Example would be group of parlors. To what would it help them.

the big corporations that have a different field that has nothing to do with bitcoin will not be interested in it unless it becomes famous worldwide so they come in too.

but those corporations that are somehow related to financial things, are always interested in bitcoin and many of them have already invested in bitcoin.

This seems about right. Financial institutions etc are taking an interest as they should(bitcoin directly affects their business in a lot of cases) but for other big companies outside of this it'll only become a concern once bitcoin becomes a worldwide mainstay of commerce or business. Apple for example won't be interested in bitcoin clients/tech for their devices until it becomes big, like they didn't really care about credit cards until they got big and then they did Apple Pay.

i hope that in the future more and more companies will be accepting bitcoin in the future

Can you give any example for the corporations is interested in bitcoin? Whether just for the financial corporations is interested in bitcoin?In my minds bitcoin, there is a chance for making any corporations is interested about them.?

Can we add megaupload here? The owner kingDotCom announced that he will adding bitcoin as micropayments i think to be launch on 2017? I think its a welcome news in addition to sites who are embracing the use of bitcoin.

Yeah the high volatility of bitcoin has something to do why big corporation are very hessitant to use it, Instead they can just issue a clone or fork of bitcoin and create a close economy where they can use it as payment for their employees.  I know someone  alreardy used this kind of strategy with fiat money.

Big corps are interested with bitcoin like technology.  But I think they choose to stay away from bitcoin itself.  Reason is if they did not choose then they should have implemented staff that is related to bitcoin as  processors.  Anyway some industry that tried bitcoin are just for business purpose only, they see that accepting bitcoin can cover those enthusiast and can be their client.

I think that maybe only corporations related to IT tecnology are interested in Bitcoin and probably are involved in a way with it. Ohers still consider it too risky and not worth investing and doing business with it.

I think slowly and gradually they are understanding the value of bitcoin and its importance in their business, and so they are thinking and will sooner start to adopt bitcoin for their businesses, as we are seeing from now everyday someone start a business with bitcoin.

Actually, now that you mention it, some cyber-security and similar firms might be taking an interest in the blockchain, maybe as a new way to manage information flow? Layers of security? I don't know for sure, but it seems like the blockchain could have a lot of potential for use in other industries, and maybe they're already looking into it.

Yes, up to some extent the corporations have entered to the world of bitcoin, you can see a large number of companies here on this forum are running their business with bitcoin and they are very happy with it and are promoting the technology of bitcoin.

Maybe the corporations in your country really fear cryptocurrencies and is using their influence in politics to push for regulations to gain control of it. But they don't understand the technology fully so they need to surpress and undermine it for now. Cryptocurrencies empower the people so much and they don't like it. They like to oppress people and making themselves richer in the process.

That is too good for a newbie. I think you have been here for quite a while. What you are saying can be true. If you have a kingdom would you want people to have power in terms of monetary? I dont it will be good for your kingdom for they can leave you and create their own that will be against you.

I also sometime think that they are in bitcoin already, we are seeing some copies of some bigger business with bitcoin , I think that are from those big companies and they are testing the technology of bitcoin and I hope sooner they will adopt bitcoin for their bigger companies also. No other things like growth threatening or anything else are possible in my view.

I hate corporate greed. >:(
But they all get what is coming to them eventually.  ;)

Here in our country we already have a company where you can cashout,pay bills,load prepaid cell airtime and they are very popular,many companies are looking forward to integrate the bitcoin technology ,because they knew it is the future..

Which country is that might I ask.
I always have thought it was not possible to do such things yet. It must be a first world country to be able to maintain doing this with a large customer base such as the utility areas are in any country.

You are not wrong, but if you notice you will find that the companies have already started to join bitcoin and are adopting it as the payment system for their users to purchase with it and are doing any transaction with bitcoin.

Some little companies that has younger owners and some huge corporations accept it BUT the best is yet to come, there will be a time where even that old shop in the corner will accept it . That is the next logical step, we all have smartphones and you can download wallets there and buy/sell stuff thanks to it. A LOT more shops than 2012 do it now, a lot more will do it in 2020 , its only higher from now on , with laws and taxes on bitcoin , its getting more and more legit and I don't see how it will go down.

This sound interesting and good, cause it will give btc the opportunity to be known by all...

here in my country im very thankful because the bitcoin wallet i use is partner with some banks where we can deposit our sell / exchange in bitcoins and they now starting to accept or you can now pay your monthly bills by using our bitcoin wallet which is less hassle for us to need to travel 10km to pay our bills hopefully that they going to grow they're company

Well i dont see big company in my country adopeted bitcoin or blockchain maybe they're not interested or maybe scared i dont know exactly, but only small company like some startup, tech related,and public service aware to bitcoin, i usually pay my bils with bitcoin, top up my phone, electricity and even laundry, i thank god that i can use bitcoin for those activity.

Since more people will own bitcoin and more people will know about it, the price will go higher as well, just if this 'hacks' and scams of some companies wouldn't happen we could have seen bitcoin steady over 1000$ for the past year. With zen and bitfinex and cryptsy and many more the price went lower , thats not a bitcoin problem , that was a company problem, I am sure it will go higher and many corporations will adopt it.

Here in my country, few stablishments are accepting bitcoin. But i think the bitfinex controversy makes a negative impact to bitcoin. This tragedy destroying bitcoin right now. But i hope many companies and corporations will be interested to this. Bitcoin will be the popular digital currency if that happens. Other countries banned bitcoin and other countries are not using bitcoin. Hope to see them using this currency in the future.