Bitcoin Forum

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Bitcoin is a digital currency that is decentralized for peer-to-peer transactions. I see Bitcoin has a normal currency just like fiat that is used for daily transactions of goods and services. I am a lover of Bitcoin and I am very passionate about it even though it is volatile but also a good investment for long term holders. There is great opportunity for holders to benefit as the market fluctuate from one price to another.

As the new elected manager of my gas station, I have successfully initiate the use of Bitcoin as an alternative payment to help advocate and promote the use of great digital currency called  BTC. I am a Bitcoin lover and I intend to encourage the use in my local region so customers can pay and get to know about it. I see Bitcoin as both investment and a currency and the company can make more if we hold it in respective of the market conditions.

I know how challenging it can be to introduce an option for payment in Bitcoin, but with time customers may prefer it to fiat in respective of the network fee. It was never easy for me to convince the board about having an option for payment in Bitcoin, and I am happy for the enormous knowledge I was able to gather here and those that advised me on making this a success.

congratulation for you .
Bitcoin can be used as a means of p2p payment, but if you compare it to fiat, it's really very different, are you not afraid if the value of btc returns to its lowest price during difficult times? don't you feel lost?
tell me where is your country

Something is more important what we want is what they say. Laszlo spent 10,000BTC on pizzas because he want people to have a belief in Bitcoin nothing should us either from doing the something for the betterment of the eocsystem.

He is probably from Africa but it seems like the OP doesn't want to dox himself because if he want us to know where he's from he would have included it in the OP page.

From the pictures, it seems OP is from Nigeria. The pricing of the gas is in Naira, which is Nigeria's official currency.

While I admire OP for introducing Bitcoin payment to this gas station, supposing he/she is from Nigeria, I am wondering whether it is legally acceptable for business establishments to accept Bitcoin payments. Last I heard, Nigeria issued a ban on crypto transactions.

Anyway, is LN also in place here? Transaction speed might be an issue. I am also curious to know whether the owner himself/herself knows what the manager did to the business.

a phrase that suits you is "YOU ARE AMAZING" . This is a very good step in introducing bitcoin to those around you. I hope many are motivated and follow your steps in the future

The owner seems like don't care about it and it's just some kind of investment for him to accept BTC since we all know the price right now is low and it could be multiplied in the next months to come so it's a better initiative than for not doing anything about the current situation of the market. Since they might be getting some decent amount of BTC from their customers without decreasing their usual income because people will pay with BTC are not many compared to those who pay with fiat.

Amazing. It's a brilliant idea. What a totality in liking Bitcoin. Be patient and keep trying to promote and educate Bitcoin payments at your place OP. Because they are not used to it, maybe many will choose fiat and compare it, but if many local residents know and use Bitcoin, then BTC payments at your refueling point will start to go mainstream.

Keep fighting!

This is a great step, it is good that you managed to convince the board of directors, you must also have struggled with convincing the city council to accept payment by bitcoin, in my opinion this method is the best way to spread knowledge about the importance of bitcoin, surely you will find some difficulties in the beginning but with time All these problems will be solved and people will get to know Bitcoin in action and will absolutely love it, especially if you can add the option to pay via the lightning network that will make things a lot easier.

OP this is a proper way to get more profits for the gas station and people with Bitcoin or the knowledge of Bitcoin will frequent your gas station and in one way you just got ahead of your competitors in thesame region.

I just thought exactly those two things when I saw the OP's post.

I have searched the internet and it seems that although banks and financial institutions are prohibited to operate with cryptocurrencies and they have to
"identify and cancel the accounts of individuals or businesses that deal in cryptocurrencies or run cryptocurrency exchanges."

The paradox is that cryptocurrencies are not illegal per se, so it seems that there is a legal loophole that would allow trading cryptocurrencies.

Source: Cryptocurrency Regulation In Nigeria: Addressing The Regulatory Challenges Of Cryptocurrency In Nigeria.  (https://www.mondaq.com/nigeria/fin-tech/1136298/cryptocurrency-regulation-in-nigeria-addressing-the-regulatory-challenges-of-cryptocurrency-in-nigeria)

Let's see if one of the many Nigerians on the forum can clarify this for us.

Regarding LN, one of two things, either they have implemented LN for payments or they will have to accept unconfirmed transactions, maybe with the condition that they do not have RBF enabled, I do not see people waiting for the transaction to be confirmed to leave the gas station, as we know that the average is 10 minutes but sometimes it can easily take you an hour.

Long back itself cryptocurrency usage is banned in Nigeria. Financial services and bank accounts connected with cryptocurrency transactions were blocked. Even now it isn't legal and the usage is in an unregulated state. During the early days of ban users associated with cryptocurrency transaction were fined heavily. Amidst the ban, usage of cryptocurrencies around Nigeria grew high with time. The government is much focused on developing eNaira to restrict people from using cryptocurrencies. Among survey taken with 154 countries, Nigeria takes the 6th position in terms of P2P volume.

When taken on the positive note, this is really good for a community that has got good number of cryptocurrency users. By the time the business person should also consider the government order, which might bring legal issues.

Impressive, and as we all know Nigeria is one country that really go full crypto so it make sense that's slowly they will have to find services being offered to be paid in BTC.

For sure the gas owner knows a thing about bitcoin, and who knows he might be a holder after all. There are some online stores that even give discounts if you are going to buy and used bitcoin so this might be a good strategy for the gas owner. Offer discounts for people who are going to used and paid with their bitcoin.

Yeah, and the ban is not really a blanket ban on crypto, but if I'm not mistaken the ban includes prohibiting Bitcoin from being used as payment. If this is right, then this gas station is probably violating something. Perhaps a kind of voucher could somehow skirt the policy? Let's probably hear it from the people of Nigeria themselves.


It's either nobody is really interested to pay gas with Bitcoin or that even if they want to pay in Bitcoin, they know of the implication and would therefore prefer to pay in fiat. Unless the customer is intentionally choosing this particular gas station so as to try buying gas with Bitcoin.

How interesting to see that a African country (Nigeria) can take the lead with the acceptance of Bitcoin as a payment option for Petrol & Gas.  ;D  (I like the Bling on the Gas station.... it looks like an Arabian Prince's house... )

Please share with us the detail on how this works? Do they pay with legacy Bitcoin or through the Lightning Network or through some 3rd party payment processor?

Nigeria and Kenya were also one of the first countries to use M-Pesa... so they are seen as the pioneers of digital currencies in Africa.  

Sorry to say that, but I don't think that many people will buy gasoline with Bitcoins. :(
Anyway, OP does a great job spreading Bitcoin adoption. Perhaps more people would embrace BTC, after the Bitcoin price drops even further down. Usually,  the mass BTC adoption among small businesses gets postponed in times of high price volatility. I really hope that the upcoming crypto winter will bring more price stability for Bitcoin(which will be temporary, of course), which might lead more businesses and individuals into adopting BTC and using it as normal currency.
The fact, that countries in Latin America and Africa are more open towards to Bitcoin/crypto compared to the countries in Europe, Asia and North America is kinda disturbing. I really want Bitcoin to receive mass recognition everywhere around the world.

Very impressive and I admire the way you take advantage of blockchain technology by implementing a transaction system through a gasoline SPBU service. but whether the service has been tested properly? I mean the average price for each fuel purchase,Does it worth the costs that must be incurred each time you make a transaction?

Central Bank of Nigeria banned bitcoin and other cryptocurrencies but this does not stop some businesses from accepting bitcoin. But I can say the ban is affecting and some businesses would rather not accept bitcoin payment because of the ban. But it is not a total ban, it is just an implicit ban. After the ban, I have read news of a school that accepted bitcoin and also a hotel that even wanted to have some of his reserve in bitcoin and accept bitcoin paymen. I do not know if they finally did accepted or still accepting bitcoin, but so far the bank do not know about your p2p, then you are good, while there is nothing they can do because you accept bitcoin.

Bitcoin adoption as payment is not common in Nigeria, Nigerians prefer to hold. Likely most customers (99%) of that gas station will prefer to pay in Naira. As for lightning network, I do not know if it is necessary, if the transaction does not support replace-by-fee and with fee which is enough to get transaction confirmed, then unconfirmed transactions of this type can be accepted. Although, this is just based on my opinion as I can accept on-chain bitcoin transaction in a gas station, as well as lightning payments.

To keep it brief and simple. The Nigerian government has not issued a total ban on cryptocurrency; the CBN (Central Bank of Nigeria) has only restricted banks from engaging in crypto transactions; banks' credit cards have been deactivated on exchanges and other crypto-related websites. We have centralized exchanges and shops that continue to advertise cryptocurrency on local TV and newspapers, we have shops that accept bitcoin payment, and I also run a local business that accepts bitcoin payment.

The only way to convert your crypto assets to fiat is through p2p, and we do it smartly. Both the sender and the receiver must be smart in order for the bank not to notice, so while making payment, the sender must include something like "payment for furniture" or come up with something. If any crypto-related word is mentioned in the transaction, both the sender and the receiver's bank accounts will be automatically frozen; this is what the crypto restrictions in Nigeria are all about.

Edit: Charles-Tim beat me to it!! Lol.

Congratulations for that initiative.
 
There's also the challenge of holding it. I'm thinking about the whole rotation of the business through purchasing a new supply of oil and what if most of the payments done are from bitcoin.

Are you going to release those bitcoins on hold and will sell at current price if you run out of cash to purchase new supply? Well, I just thought that there will be a conflict about cash flow and holding bitcoin as it's a business that's not wholly relying on bitcoin.

I will be glad to know what is their process for using Bitcoin as the payment method?
Like how it works from customer to store side, is it convenient from both sides? And I am curious the advantage and disadvantages of using Bitcoin for paying your gas on a setup like this. Overall, I'm glad to see a business like this.

The lead?  ;D
2014:
https://www.coindesk.com/markets/2014/01/31/you-can-now-pump-gas-for-bitcoin-in-the-rocky-mountains/
Here is one whole chain of gas stations (https://news.bitcoin.com/tifon-gas-stations-croatia-accept-cryptocurrencies/) accepting crypto, and another one! (https://thenewscrypto.com/otr-australias-chain-of-convenience-store-and-petrol-stations-to-accept-crypto/)


Does this ban come with any legal consequences adopted by law?
Because if there is no active punishment for this it means zero, it's just like the whole personal drones issue a few years ago in my country, they were banned but there was no punishment for it so even if the police would come and demand that you stopped they had no way to issue you a ticket or arrest or confiscate the drone, making it a completely useless law till they criminalized it for certain cases.  

So if this is the case, then, there is no actual ban, maybe just advice, and you can always $%# on advices  ;D

But the question now is whether all the people who fill the gas recognize bitcoin.
Sometimes there are people who lack knowledge because not everyone also analyzes the world of bitcoin and how it forms.
But if it is said what about their losses and profits, of course they have thought of it long ago so that they are able to accommodate payments with Bitcoin.

This is a good initiative to accept Bitcoin in a gas station, this must be among the first Bitcoin in gas stations in that region, do you mind sharing the location of this gas ⛽ station one may want to try out their services if they are in that region. But on a general note, I commend you for the initiative to burst Bitcoin adoption in a region where the central bank is against the use of Bitcoin within the financial sectors but Bitcoin, on the other hand, has burst the economy of the youths in this region.

You are right. I believe in Nigeria they can go after your Bank account if it was suspected to still be receiving transactions from crypto trades and I believe this can happen to the Gas station's Bank account cos not too long ago the CBN still fined some Banks that were not complying with the initial instruction from CBN. The Central Bank of Nigeria (CBN) has penalised six banks for N1.314 billion over alleged non-compliance with a regulation on cryptocurrency accounts. (http://thecable.ng/cbn-fines-six-banks-n1-31bn-for-flouting-directive-on-closure-of-crypto-account) But maybe not directly coming to the gas station and stopping them from accepting Bitcoin.





 

That looks great. Actually, we are working on a similar solution. However, we make transactions only with AVAX because of the network speed and fees. Any recommendation on how to handle this challenges for Bitcoin will be great.

So how exactly is payment procedure going to work? Do users have to pay inside the station? Or there will be a terminal outside and this white screen is a part of it? You have said you tried hard to convince board to make such step - tell us what were major difficulties? I dont know much about petrol business in Nigeria. Arent accepted currencies regulated by government? Or anyone can run a petrol station business and set his own preferable currency as a payment?

On the other hand - bitcoin acceptance looks quite unpresentable frankly speaking. There are just several attached A4 printer papers at the gas station. This can even be a joke, or a scam?

I love the fact that you are promoting bitcoin with your business. Gas station is a lucrative  business that will nice if bitcoin is involved in it, another important aspect of accepting bitcoin as payment in your gas station is that it is a good form of payment when selling a larger portion of payment and I think it is kind of more safer than accepting fiat.  This is the kind of business Idea I so much appreciate.

Man, this is truly amazing! Not only does that gas station provide convenience on your end, but it may attract users to get curious on what cryptocurrencies are!

You truly have a vision for innovation- providing more means and methods of payment instead of sticking to conventional cash. What you are doing is you are brining and advocating the use of BTCs in order for people to remove that stigma and negative mindset about it.

Just a quick question, are the payments instant? As far as I know, there are transaction fees that must be covered and the process of confirmation takes time. How do you remedy that situation where people would instantly leave as soon as they left the establishment?

That is for exchanges, where obviously you have people depositing fiat in order to get coins, here there is no clear relation between the bank account of the gas station and the payment inc crypto, the owner might simply choose to use some of the payments as an investment so technically if he has a good lawyer he can prove that there was no exchange happening, he basically did a barter exchange. Since the law is not clear, it can be avoided, just as much as it can be abused.
But one of the articles from your link, damn the content is just hilarious:

https://www.cbn.gov.ng/Out/2021/CCD/CBN%20Press%20Release%20Crypto%2007022021.pdf


I don't know what they are smoking, but when just one article away you're reading:
it's clear they are smoking some heavy stuff.


LE, added a no
Use a filter so no RBF payments, no unspent parents for the tx, put a camera, and of course use LN.

Awesome! I love seeing this kind of news when it comes to the adoption of Bitcoin. Congratulations by the way!

But I have a question though. Are you using the Lightning Network? Coz’ one setback if BTC was made as a payment option is the high transaction fee and the duration of its confirmation.

I am not sure about the government though if they are allowing BTC as a medium of exchange in your country. There are certain countries like Russia in which they are not allowing BTC as a means of payment but allowed in crypto trading.

Congrats to op for being so initiative and adopting BTC as a manager of a gas station, this is really cool! Perhaps you can now update the thread from time to time and share how many people actually use BTC to pay or ask about it (or other cryptos)?
Also, am I correct, like some others before me, to assume it's in Nigeria (because of the naira mentioned on the photo)? In that case, how are things going there? I remember there were some shady and not very crypto-friendly decisions made by the government, no? Can the station get in trouble for accepting BTC? Or is it something not legal but not prosecuted either? It would be nice to hear directly from Wakate here, to get the view from the inside of the country and the business side.

That’s amazing man. I’m just so glad different regions around the world are trying to accept bitcoin in some way possible. Here in my country peeps are scared to transact freely, taxes is another challenge and what not. Just love the fact that it’s now being accepted at gas station too. So fuel goes bitcoin!!

I just hope this trend passes on to next station and next station to neighbour countries and so on. Good luck to all of us and your local peeps enjoy paying in btc.

The urge to bring the idea of Bitcoin to the table had been in my mind for long. I quickly decided to make use of the opportunity as the new manager to convince the board with substantial explanations and the fortune the company could make by holding Bitcoin. Bitcoin is an asset and also a currency that could skyrocket anytime with greater momentum.
It took me time and adequate preparation to achieve this and I'm so happy my vision was never in vain. I also got some advises here from forum members on how to achieve this.

This is basically one of the most amazing things I read this period reading about you using the opportunity as a manager to affect the adoption of Bitcoin as a payment option in the gas station, this look similar to what I recently initiated in my community educating people on the need for Bitcoin adoption and how to own and use Bitcoin, good luck to you mate to keep in mind that there is always a room for improvement keep the vibes on bro.

I'm happy for you and the people in your country to have that option. It just shows that a lot more people would be willing to receive payments in Bitcoin instead of fiat. I do hope that other countries would follow suit, and that would be the best thing that everyone will have involved in crypto or not.

It's fantastic that you have managed to make your company, being a manager, that it then accepts an alternative payment. It's nice that there are people like you.

Imagine the things that we have gone through, from the start to now. You wouldn't imagine how much Bitcoin has changed and how much it has given to everyone. Those challenges are nothing. It's going to be worth it in the long run.

I can confirm how people from Nigeria are hyped about bitcoins and other cryptocurrencies, I have a lot of friends from there and they are always willing to exchange their coins and trade leaving the platforms aside, I do think that despite what the government might portray the people might very easily turn that around, in a country with immense probelms and corruption bitcoins and other cryptocurrencies might be just what they need but again the volatility is not for everyone and might cause a general problem for most. I do think that you should definitely go and transact in Bitcoins there it might help them boost their morale and also their business for the first time.

Slowly bitcoin is being widely used as an alternative payment and the OP's news is very good news, and I've heard in Nigeria, crypto is growing in popularity and making it a major financial asset that is the subject of intense interest and speculation in Nigeria.
The failing economy and naira have made holding crypto a necessity as a hedge against inflation, this has led Nigeria, with its 200+ million population, to achieve the position of being the largest Bitcoin market in Africa and this is very good news.

I'm so happy for you to see you can use the gas stations and pay the gas price with bitcoins, I hope to see even more countries doing the same thing for their people if they show interest in this payment method. However, I have some questions regarding this experiance for example when you visited the gas station how did people react to the bitcoin payments did they show any interest like you did or they were completely unfamiliar with this technology, actually in the pictures I was trying to find some other people to see if the gas station where they accept bitcoin is under demand by other people or not.

It's nice to see local establishments accepting Bitcoin.  This gasoline station may provide a good advertisement for BTC because it gives a lot of exposure.  Aside from that, it can also trigger curiosity in passersby.   

There is a gas station named Blockchain Fuel found in Pangasinan, Philippines and it was stated that it also accept Bitcoin[1]

https://cdn.bitpinas.com/wp-content/uploads/2018/11/08094316/blockchain-fuel-matalava-lingayen-pangasinan-philippines-accepts-bitcoin-4-1-3-1-750x445.jpg

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[1] https://bitpinas.com/feature/blockchain-fuel-spotted/#:~:text=While%20browsing%20our%20social%20feeds,Lingayen%2C%20Pangasinan%20that%20accepts%20bitcoin.

Initiating bitcoin payment is the first step to campaigning about bitcoin and a good boast to improving bitcoin adoption. We hope to see more adoption, next is to study closely the response to the bitcoin payment option using a good data analysis tool this could stand as a powerful research to preferring better ways of sensitizing more audience on bitcoin as an alternative payment option and how to go about owning bitcoin in the first place.

This is so looking beautiful,  seeing this alone can trigger me to buy petrol when I don't really need it. Am excited getting to see how bitcoin is expending to do with business like this. Am very convinced me that in short time, all this won't be common to people again, it will be adopted as a tradition to many businesses.

Can you tell me how the purchase of gasoline for bitcoin at this gas station is technically implemented? When choosing bitcoin as a means of payment, a qr code with a payment address is displayed on the screen? That is, you can only pay with a smartphone or airgapped hardware wallet like passport, right? One more question. At what rate is the cost of bitcoin calculated in this payment terminal at the gas station? Can you tell the rate? I'm trying to understand if it differs much from the average market price.

It's great that thanks to your enthusiasm and love for bitcoin, it helps to promote this to the masses and help mass adoption. There would be more such people who do not wait, but act.

Good Op for having this cool initiative. It is a good awareness and maybe your competitors will follow the step.
Meanwhile, this can cause your company some challenges when the men of revenue comes around. The bitcoin and its logo is like a threat to the government, especially in a country like Nigeria where the laws can easily be upturned or twisted.

Op, since you initiated the idea, has your company been patronised with bitcoin? If yes, how do you;
1. Manage the volatility, saying in terms of balancing your daily accounts.
2. How do you order for new products with bitcoin because I know depots don't accept bitcoin. Do you convert the coins back to fiat?
3. How about balancing of account if the transaction won't drop same day due to congestion of pool?
4. In your absence, have you trained your staff to be able to handle bitcoin transactions?

Great that you were able to have free hands to try it out. Hell, even if it dosen't work out, it's still good to at least try it out. In my country there were some computer shops that accepted BTC, but this is just a whole diferent level. Let us know how it goes over a year.

You did a great job so far by convincing your management to accept Bitcoin as a payment method. I know it wasn't an easy task for you, but you did it. It's not only beneficial for the company that accepts Bitcoin as a payment method, but it will also introduce Bitcoin to the new generation. They will be curious to know more about Bitcoin and that's how they would become Bitcoin fans when they will realize the value of the Bitcoin. Keep it up buddy.

You've done well to have make your company aware of an option for which they never considered to have existed. I believe Somehow, they must have heard of bitcoin but have or had a shallow knowledge about it and as such, chose not to give it much attention but, using your position to suggest it to them and getting them to adopt it, at least for a trier is a very good idea and one we'll done too. Now, its  left for you to ensure it doesn't turn out to be a failed initiative. You ought to see how you can manage certain down side to bitcoin on a highly patronised industry such as the petrol station.

The main side to these downsides to bitcoin adoption are:
1. Volatility on the coin
2. Transaction fees/conclusion time

All these are something very much out of your control and you have to see how to manage that, especially the Volatility aspect. The Transaction fee is something up to the customer but the conclusion time is bothways and determines if your to dispense your product or not. Hence, proper educating should be done in your station. Make this success count well for you!

Wow, that's a significant advancement, as gas stations are now accepting Bitcoin payments; how I wish I had the opportunity to witness this; I would be delighted to do so. Bitcoin adoption will continue to rise in that portion of the world, and it will become more competitive with other connected businesses, who will strive to make arrangements for Bitcoin payment acceptance as well.

Recently a former Nigeria Senate President and a Presidential aspirant of the Peoples Democratic Party for next year's election reiterated that if he wins the election the ban on cryptocurrencies would be lifted. He indicated that the sector would be regulated to ensure that it is protected from abuses. The Nigerian government is well aware that Bitcoin one of the economic future of the world. They are well informed that the Bitcoin industry is employing millions of youth in a nation that is ravaged by high rate of unemployment. That is why the enforcement of the ban on cryptocurrencies is not effective. Although Nigerian banks don't accept Bitcoin but they would give customers unofficial crypto advice on how to process Bitcoin transactions.   

First of all congratulations as you are appointed as the manger of the gas station.
Secondly, is Bitcoin legal in your country?
As if Bitcoins are not legalized, then people will find it difficult to transact it in daily commodities.
Also in order to encourage more usage of BTC in the station ,you can make some discounts like 0.5% off for all the payments made in BTC ?
Also willing to hear how many payments you have received in the first week of the business in the form of Bitcoins.
Please keep us updated with more pictures if possible.

We'll know that Bitcoin is volatile and the aim is to hold for long. It's another form of investment for the company in case you don't know. We all want to invest in the stock, bond, forex markets, so what make the crypto market different? They are all financial markets and we intend to hold Bitcoin through the exchange for gases. This is a smart move for the company to benefit in a long run.
Bitcoin is a currency and also a form of investment. We don't intend to buy gases from the depot with Bitcoin. The aim is to hold for as long as possible.
This is just the beginning of opting into Bitcoin system of payment, I believe with time we are going to extend into lightening network if the need arises. We are currently working on better ways to enhance this payment option and make it easier for both the customers and the company.
There are staffs that are in charge of that and they have optimum knowledge on Bitcoin and cryptocurrency in general.

Peer-to-peer is legal

We are making plans for that.

Your curiosity is welcomed dude.

This is very cool, but given the current rate - how stable is it? Oh well, as a marketing - quite interesting! Is there a tax?

I`m not sure how many people are willing to pay for the gas in Bitcoin because of its value. How exactly do you receive the Bitcoin, directly to your wallet, or into the exchange? Because if it goes through a system connected with an oracle, or using an exchange you can easily get the currency rate and convert it to fiat. The question is if the government can accept it?

Which is even more ridiculous when compared to the average gas station in my country. Because you will be surprised if at some point even on normal days when you see this situation for the first time.

https://static.republika.co.id/uploads/images/inpicture_slide/antrian-kendaraan-di-spbu-hayam-wuruk-jakarta-senin-17-11-_141117224254-871.jpg
Onchain bitcoin payments may never suitable, centralized payment services are a priority to implement. idk

You're right, this seems to be Nigeria but the  government only ban cryptocurrency payment to be made by the commercial banks (https://www.mondaq.com/nigeria/fin-tech/1136298/cryptocurrency-regulation-in-nigeria-addressing-the-regulatory-challenges-of-cryptocurrency-in-nigeria#:~:text=While%20banks%20and%20other%20financial,are%20beginning%20to%20use%20it.) thereby closing any crypto related account down, but the country does not ban it citizens from making crypto transaction and its not an illegal act in Nigeria, so far so good, recently  Nigeria government made some laws in place to regulate the activities of cryptocurrency (https://www.google.com/amp/s/www.forbes.com/sites/oluwaseunadeyanju/2022/05/14/nigeria-issues-crypto-asset-rules-in-a-move-that-could-boost-adoption/amp/) just in favour of it citizens for the first time ever, now cryptocurrency payments and transaction is openly free for any individual or corporate body to use as a means of payment, the country is taking new steps towards a positive approach on cryptocurrency unlike before.

In my nation there is a saying "a thing is a law as much as it is enforced". Just to give an example, going from one side of the road to another side as a person while it is green for the cars is jaywalking from the person. You need to wait until cars get red light, and you can walk to other side in that case.

Do you really believe that people do not use that? Of course they do and this means that we are in a situation where we need to understand that bitcoin could be the similar thing at the end. This should be something that we need to see in the crypto world as well, just accept it and wait for it to be illegal, if not then you could continue.

Pleased that the adoption of Blockchain technology is starting to be implemented. I like it because this is good news. In addition to blockchain technology as a medium of exchange has begun to be widely used, I think the longer it will be the more adoption there will be. Of course, the adoption of bitcoin today there are still some weaknesses and it could be that it hinders its development. Network and fee issues will probably be the classic problems we encounter. But so far there is a special value that makes Bitcoin has a high price.

I am very happy with the news and development, especially with the fact that, this this happening within a nation where cryptocurrency is not very  much encouraged and its government tends to associate it with fraud more than it should. All in an attempt to crumble the system. This would surely raise concerns in the minds of locals and more locals would get to find out the true to the system and its functionality.

Although, the issue could be as displayed in the image above. This is a common issue in terms of scarcity and could be well the result of  wait confirmation time for a crypto transaction. The good news here is, the station ha s provided more than  one means of paying for gas in there outlet.

As an advice in other for this delays on confirmation not to be an issue, altcoins happens to be very much faster than Bitcoin itself. Supposedly a customer has coin on an exchange, it could be swapped and transferees back and forth swiftly with very minor charges. When it comes to a wallet deposit, its a different story although, the advise is subject to your discretion.

Thats a great initiative accepting bitcoin in fuel station. Through this it is possible to reach more people about bitcoin. It is a place where we can see people in queue and crowd. In some locations it is possible to self serving fuel station. Adding bitcoin acceptance will increase popularity to the fuel station. It is a surprise to watch bitcoin at a lower price.

Apart from these services I came across this BlockChain fuel station in philippines.

I'm sure you are in the same country as me....
because we can see such a sight every day....
to implement a P2P transaction is impossible because I see that the management and fuel supply which is still unstable will create a long queue at a gas station and if p2p is implemented there will be a longer queue
unlike in other developed countries they buy by filling themselves with a very efficient payment implementation and a controlled system so there are no queues like that

I don't think the adoption will be easy as you say, I wonder how many customers have made payments in bitcoins at Op station so far. If the numbers are up to 20, I will be very impressed cause I used to think it will be difficult for Bitcoiners to spend their bitcoins buying gas. You seem very enthusiastic about it, which is a good sign that we have people who are willing to spend their bitcoins for everyday services.

Adoption will always take time. Sure, for now, you won't expect a lot to pay in bitcoin. But if later on, they see the advantage of paying it like for example they don't have cash but they have bitcoin, then, they will use it. The challenge here is the confirmation time. Some users won't have the patience to wait. The station may try accepting other top alts also like TRX or LTC which has cheaper fees and faster confirmation. But this initiative is already a great start to introduce crypto to consumers.

I doubt many would use bitcoins to make a purchase unless they are given an incentive to buy with bitcoins like a discount. Everyone loves to buy cheap, I think giving discount prices or gifts to customers paying in Bitcoin will be the deal breaker.  Lightning network would be best to use, transactions are faster and cheaper. You wouldn't want customers waiting five minutes for their transaction to be confirmed.

LN would be the best integration on having fast and seamless transaction  but if we do tend to look on which fees now aren't that high or simple cheap which I don't see for it to be an issue for people not to make use for such service or necessity.

The main issue I could see on why people won't bothering out their selves on spending their coins is that they do much prefer  on using their fiat and save up their coins for long term profits.

^ This should be implemented when an establishment like this gas station will accept BTC because it needs fast transactions like 1-2 minutes.
Unlike those coffee shops or restaurants that there is a reason for them to wait like an hour or more than 30 minutes because while waiting they will enjoy their food. Gas stations should be quick transactions and LN should be necessary to apply. However, I want to congratulate them and their country because they are open-minded now on BTC, I hope my country do the same in your country.

Yes you are right, if there will be some store or some establishment that will offer a bitcoin payment for every transaction that you will make, I rather use fiat, we all know that these coins are volatile, maybe use usdt instead? or usdc the less likely coins to change the price everyday. I rather hold this bitcoin for investment and trading and use fiat for everyday use.

Also, they need to check how are the sales going on after the implementation of bitcoin payment ?

This is indeed a great initiative and hope other gas stations will follow the same and enter in the bitcoin adoption competition  :)

It's a nice initiative, this is another dimensions of uplifting your gas plant in terms of investment via bitcoin, it's rall to see a gas plant across the nation that funds bills with cryptocurrency and more especially bitcoin. Actually this will give rise for expansion of bitcoin values and adoption within the geographical region... I applaud you for your station management initiative.

Am assuming you are the rightful owner of the station i would have love you to make a discount for those customers who pays bill with cryptocurrency.

Always nice to see a type of business to accept crypto currencies as payment. Usually I would say that we should consider using the new payment option, to show that there is a lot of demand for crypto payments. Only if the companies realise that customers use cryptos regularly they will be accepted by other companies. The problem however with gas prices is that they are exceptionally high right now. The Russia Ukraine war will keep pushing energy prices upwards, resulting in new levels of inflation. In a high inflation environment I would recommend to use fiat money rather than crypto money. Also bitcoins are really cheap right now, I would not sell mine at 30,000 USD.

Pushing for the acceptance if Bitcoin is a cool thing to see at the moment. But how many are really buying with Bitcoin ?
That's a great initiative you had there Man, I hope you teach you staff's how too trade and use Bitcoin, everyone should be aware just Incase of your absence. Good move! You should also do more than this where possible.

using both in payment is the best obsession, because when the price is as it is today maybe for small holders is the most important thing but for those who incidentally are big holders using a little means nothing
but accepting transaction payments using bitcoin is cool mate...

I am really happy to see the picture. I'm glad to see Bitcoin being used in any established business. But since it is supposed to be a Nigerian filling station, it would be effective for everyone if it was called Details and if it was actually agreed upon. Because as far as ii know cryptocurrency is still banned in Nigeria.

I thought Nigeria banned the decentralized cryptocurrencies because they already launched e-naira also announced people to change their savings into their cbdc as soon as possible then how it really possible to accept Bitcoin in the fuel station?

Anyway how people reacted to this? They really spend bitcoin for filling or just the same ood way...

Well, Cryptocurrency is actually not Banned in Nigeria it is just the financial institutions that are restricted from allowing crypto trading but thousands of Nigerians still trade cryptocurrencies daily and a major crypto exchange like Binance has been sponsoring major TV programs in the country, however, it is a good step seeing a thing like this happening to bring more exposure to Bitcoin in the country.

This is another great achievement by making it easier for bitcoin user to buy gas with digital currency easing the stress moving round with cash.
Please I would love the OP to share little details with me so I can initial those who want to buy gas digital currency.
Congratulations 🎊

Thumbs up, dude! That's the right way to go – spread it everywhere we go! This is part of the reason I like youngsters (not old men) getting to run affairs heavily populated by the young. For instance example, the polity. Young people understand this modern happenings. Old men seldomly know how to grapple with new techs. Your innovation is in order. My only concern is the fluctuations and delays that has to come with Bitcoin transactions. I hope customers won't have to pass through hardship to accurate billing. Nigeria needs more of this.

I hope you know that Bitcoin was only restricted by banks which was a memo from the Central banks and never ban totally. Peer-to-peer is allow which is the reason why Binance and other cryptocurrency exchanges are still in operation. Don't think like an pessimistic person but rather in less than no time, the government will allows individual deposits and withdrawal through different banks.

This is just the beginning of opting into payment through Bitcoin and I know I will drop more updates about it soon or later. People are getting to know more about Bitcoin and the awareness is growing gradually.

Amazing! As I've read this post, I am so happy knowing that there are stores who officially offering Bitcoin payment. Hoping this is only the beginning of BTC awareness all over the world.

Another post showing that bitcoin is now circulating in different countries. It is being accepted by anyone. I am happy that even businessman are now angaged with crypto currency transaction.

That’s great! These little things give hope to bitcoin enthusiasts like me.  Paying in Bitcoin for day-to-day life necessities has been a dream for many bitcoin lovers like me.

I commend you for the initiative to introduce Bitcoin in your region for people to know the existence of it. Atleast now they already have an option to choose either to pay using fiat or Bitcoin. Those who dont know about Bitcoin might gain interest to become a user/investor.

We have our own simple way to help promoting the use of Bitcoin but the impact of it would be huge. So congrats op for the job well done.

I think he did something that was really useful and obviously it's not a small thing, it's difficult to convince someone let alone a company in this case a gas station to accept bitcoin payments, there are many mechanisms that he must do to be able to realize the initiative to use bitcoin as an alternative payment, but the question now is, what is the response from consumers or the government after knowing that gas stations accept bitcoin payments?, because as we all know there are still very few countries that allow bitcoin as a means of payment.

To me it sees that we are entering into finally normalization of bitcoin economy, and much to my wonder bitcoin revolution is finding it enthusiasts more in smaller and developing nations that its more affluential European counterparts. Africa is going through a bitcoin revolution and Africans see bitcoins a opportunity of economic upheaval

You never can tell their might be customers who can buy gas with bitcoin,  especially customers who buy in  larger quantities.  Don't think people are not always ready to buy or pay for services with bitcoin.  Their are some shops that accept bitcoin for payment, people still spend their bitcoins to get what they want. Let me use my self as an example,  if I see a gas station where they accept bitcoin as payment I can spend my bitcoin sometimes to get gas, I always buy 100 litres of gas every 2 weeks which cost me $40.

Accepting Bitcoin payment is an indication that business world is now ready to face the cryptocurrency. Bitcoin payment is a little bit more easy than paying cash specially when you need to purchase something that is more expensive.

 I hope the government don't wake up anytime to go against it , those people act funny sometimes because they have always seen bitcoin as a threat to them. Some countries are adopting bitcoin , maybe your country may also adopt bitcoin one day since bitcoin is not totally ban there

For now the cryptomarket in Nigeria isn't regulated. For now the government have considered it among the list of digital assets that can be used as a form of investment. The government haven't authorised to use it as currency as a asset to exchange value. So, it is important to cope with the government policies. Maybe this could cause them with some issues. The step taken forward is really big and the same coming from a country like Nigeria shows how how people are getting into cryptocurrency.

I'm glad someone did something like that although we don't have to expect that the government will turn a blind eye here because I know one day they will come to that gas station and will gonna ask some questions. But I hope their government would support it though since it's in business but we just don't have to expect that they will since anytime that would change their mind. But for now, let's just spread the good news that Nigeria took the initiative to use Bitcoin as a way of payment for that gas station.

Whenever a business do accept or implement something and since these are regulated then its understandable that owners would make out some research first of bitcoin was on positive,neutral or negative situation into their country

which means that if they do accepted it out then its neither neutral still or already on that positive side of things.Everyone could accept nor adapt  nor integrate it and it would vary on every business or merchants out there.

its really good to look at that you could really make use of your crypto on paying up your gas but honestly i would rather keep my coins for long term perspective.

This is so awesome thanks for sharing with us! Hopefully you’ll be able to provide us with updates as to how things progress. I am not sure if you mentioned where you are located, I would be interested in knowing that. Also interested in knowing how the owner felt about you adding it as a payment, if you had any push back at all? Thanks again for sharing !

this is amazing, good for you, and for crypto overall, i wish i was there just to get the satisfaction of paying with crypto IRL, i warms my heart to see it, i hope everything goes smooth with no problems with the government and this may encourage other companies and businesses and start supporting crypto, good luck for you.

This is very nice. I also hope that big companies in my country start accepting crypto as a payment alternative. It's great to see that happening in public. however, I think one of the owners of the company owns a bitcoin investment. it also makes many people know bitcoin, and don't think that bitcoin is only used for bad things. however, this is a very good thing for the existing crypto users in your city.

This is really a great initiative on your part. Since you are the manager of the gas station, do you think you can show some data after a few months so we can see how many people have paid with Bitcoin? Maybe comparing the percentages with fiat could also shed some lights about how popular it has become in the meantime.

From what I understand, the bitcoins aren't converted to fiat. You hold them. How do you handle taxes and the obligations you have towards the state when someone pays with BTC? Some more info on that could be beneficial to everyone who might be thinking about adding support for BTC in the future.   

This is going to take time, unless the CEO of a company is in favor of bitcoin to the point they do not care about the profits the rest will wait until they think there is enough volume for them to justify this decision on their minds, and even if bitcoin has make a huge progress during the last years and many people have adopted bitcoin, this rate of adoption is not even all over the world, which means that some countries have progressed at a fast rate while others are completely stagnant.

that should not be a challenge to the manger since it's a bitcoiner and he or her knowns or understand cryptocurrencies transaction's in all ramifications, at least people that understand bitcoin will start patronizing them before educating other customers on how payment with cryptocurrency will be done. I could remember vividly that some one card purchase bitcoins through credit card of that country and especially country the central bank accepts bitcoin. For me manager will not find it difficult to receive a payment through Bitcoin since he or her knows the procedures

Isn't this something! It is clear that btc adoption is in progress, it may not be as rapid as some may expect but we are heading there.
It gives a certain kind of joy to see something you believe and support online in use in the actual world (especially when it has received so much negativity).  Am glad to see this, it shows people will embrace btc eventually but will take some time. I hope to see more businesses accepting btc.

This is a great opportunity and wonderful presentation around the people over there who loves to transact with bitcoin. This is another way of spreading the news about its adoption and acceptance in your country.

2 weeks have passed since the publication of OP's post and I would like to ask the following questions. How many people paid with bitcoin for gas at your gas station during this time period? How often do your customers pay attention to the plate with the inscription "bitcoin accepted here"? Of course, very little time has passed in 2 weeks, as it seems to me, some changes should have already appeared.

This is a very great development for all especially we the bitcoin lovers. With this mode of payment, we can make payment easily and be free from network issues encountered with the centralized banking system when making  payment with card. With the programmed system of bitcoin transaction, am sure the network issues encountered with payment through the banking system is solved already when we use bitcoin for such transaction.

It is a good news that the nigeria government are not totally against crytocurrency,  even if it is not use as a second currency,  people can have access with and accept it as means for payment.  That's to say Op can comfortably do is business with bitcoin without and disturbance from any one.

Very interesting question, I hope OP will come back soon and let us know. How did OP pay taxes to the government when people use bitcoin to pay at your business.

Currently bitcoin price has dropped a lot since OP's post, do people still use bitcoin to pay at your business and how did you handle this situation when current bitcoin price is still shows no signs of stopping.

I read a lot that there are countries that legalize bitcoin and there are coffee shops that accept bitcoin transactions. I want to visit that country. I want to feel how direct transactions are with bitcoin.

there will always be two sides that happen, maybe like you and those who really want to make payments with bitcoin, of course, is something that can be used and is very useful, but obviously there are also those who disagree because it might actually be detrimental because the price of bitcoin is always changing and we can just pay when the price is going down obviously that's a disadvantage.
but it is clear that in principle this is a progress that can continue to develop for other things and proves that bitcoin is indeed recognized.

True it's a thing of joy to come across a gas station who uses bitcoin as a means of payment very impressive. I think the acceptance and adoption of bitcoin as a means of payment won't take much time again because so many African nations have accepted and more are just waiting to see the progress made by the ones that are using Bitcoin for payment before they can announce there's, we got to fo more which ever country we found ourselves so that the news can go round the world, Bitcoin has come to stay.

I am also terrified that he did this. The words you say are very logical. It looks like the owner owns a lot of BTC at the moment.
    Investing in Bitcoin across the gas station makes a lot of sense I think you need to know more about Bitcoin, but I understand from reading your post, bro, you explained it in a very simple way.

Incredible how a few years ago Bitcoin was becoming known and people had a certain distrust in it since it was something new, in general people prefer to continue in their daily lives and not risk new methods as in the case of El Salvador... For no one it is a secret that today this distrust still exists in some people. But even so, they have implemented several methods for the integration of BTC, because it is not only a gas station that is accepting Bitcoin as a payment method, but I have also read about coffee shops, well-known brand stores and even ATMs in different countries. We hope to go to this step and possibly in the future Bitcoin will be used as a common payment method anywhere.

Yes, because there might be a lot of bitcoin users on their place since the gas station already started accepting it but on what place do you live? I think there is a map which seeks if what places accepts btc, I just forgot its name but it was shared on this forum before but you can try searching a keyword like "btc map" on google and see if it shows something.

We cant compare our place to others that already accept btc because we don't know maybe btc on our country is not yet legalized or it might be legalized as an asset use only but not as a currency and that is the reason why people don't publish a BTC sign on their store but you can still ask them privately.

Yes, I think there's some establishment here in my country accepts crypto payment I just don't know if they still accept crypto payment when pandemic comes and especially now bear market. The thing that is kinda hard with crypto payment is its volatility, it will be very hard for shop owners but then I am glad the more and more countries are now aware in bitcoin and how will it works.

local shops will not accept to use bitcoin as exchange of their material or products with bitcoin and if they do bitcoin will have more courage and influence in fiat currency. That is why government will not allow Bitcoin to widespread for transaction. But if have gas station or supermarket i will introduce the system of using bitcoin for payment

Local shops can decide to use bitcoin for acceptance of payment only if the owner of the business is a bitcoiner or into bitcoin and if the country where the local shop is found has not banned bitcoin totally.  I have come shopping where bitcoin is used to buy things.

In our country, some local online shops consider accepting payments through our local crypto wallet which also allows accepting Bitcoin. It's a sign that Bitcoin is being adapted in our country and is continuously emerging. It's actually a good thing because it benefits both the business owners as well as crypto users. I hope more businesses would allow their customers to decide on what mode of payment or currency they would want to use.

In no distant time, a lot of businesses will start accepting bitcoin for their goods and services though it's seem the adoption is slow, however it global awareness has  continue to gain attention in recent times, the OP had indeed demonstrated the transaction using bitcoin as a good example in that place or locality, I am sure other businesses will adopt that same method of payment to remain competitive in that area, and in another instance it's on  records that the numbers of bitcoin ATMs globally is gradually increasing this attest to the fact that adoption of bitcoin is raising steadily.

The world is transforming and bitcoin acceptance is also expanding, soon it won't be common to come across small scale of business that accept bitcoin for payment.  Businesses will see more reasons why cryptocurrency is important for payment.

This is being felt over specific countries, when this happens globally we will get access to pay with cryptocurrency on small scale as well as on different needs. The acceptance is expanding, same time in countries like India the taxation is made heavy. This will restrict people hold cryptocurrencies in a secret way than using it. So, there is a need for global transformation for cryptocurrencies to get used as payment.

for countries that have not fully accepted bitcoin, obviously they will not find any payments using bitcoin, but those who have admitted that they still can't fully accept it and are still sorting it out. Looks like you're not the only one experiencing that, my place isn't there yet and it seems you may still be looking at the situation first.

like it or not, with developments that continue to increase and bitcoin has been widely acknowledged, it will inevitably lead to it and bitcoin will be used as a means of payment that will make it easier. because the need for easier transactions will be needed and bitcoin can solve it.

I often see the way Nigeria treats Bitcoin, it seems that in the next five years Nigeria will be the largest Bitcoin holder in the world, considering that starting from gas stations, they have implemented payments with Bitcoin, it is possible that in the next five years Bitcoin in Nigeria can be used in other public places, such as restaurants, and other places.

In El Salvador, knowing too well they accepted Bitcoin as a legal tender and also having a Bitcoin city. Most of their businesses over are not really using Bitcoin or actually making use of Bitcoin for business transactions. But it's good to see such you know. Have you gotten to tea h your staff's on how to use Bitcoin, don't hoard the information pass it on OP.

How do you know? Maybe you think that way because they didn't made a post if which services or stores in their country are now accepting bitcoin not unlike to other countries that we see like this one on this thread where a gas station accepts bitcoin but El Salvador having a bitcoin city is already enough to say that services and shops located at it are accepting bitcoin but even if not on that specific city bitcoin can still be used anyway.

You can just ask the owner of the store or business establishment that you are currently in and they will definitely agree to get paid in bitcoin even if they didn't put a sign that they are accepting bitcoin.

What country is this anyway? Actually, is good to know that one of the merchants like this are accepted  bitcoin as their  mode of payment over their business. I wish all businesses all over the world now are accepting bitcoin to their business.

Though, here in my country there are few of the merchants are open into bitcoin, and the only merchants I experienced was that when I came up to visit one of the restaurant where the owner according to its staff was a bitcoin lover.

Yea! It is good to hear about bitcoin being accepted by many businesses for making payment.