Bitcoin Forum

I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.

Are you guys accepting crypto payments for your business?

Yes! I’m encouraging my customer to pay using Bitcoin whenever they do a purchase on my shop and online store through giving them an exclusive discount. I have a Bitcoin investment and I’m usually converting my fiat into Bitcoin every month. This way, I can save fees on converting since I’m using my shop crypto sales as my investment then I give my fiat salary to the shop balance.

But also it depends on how you handle your business capital. It’s not advisable if you need to liquidate your capital immediately for restocking of your items since the price of Bitcoin is too volatile and the fees on converting it to fiat is sometimes high. You might get a negative profit with I wrong move of conversion to fiat. But in general it’s good if you can manage to add an extra fee on their purchase instead of discount.

Accepting payments in cryptocurrencies is one thing, continuing to use them is another, and keeping the bitcoins generated through them is quite another.
Stores accept payment in any currency if there is a demand for it, and the settings for accepting it are easy and simple.

From a technical point of view, you can easily add bitcoin to your site, but the problem remains in the presence of sufficient demand. This demand is achieved by individuals.

The important percentage now is that stores continue to accept cryptocurrencies.

Accepting Bitcoin for payments is not a new thing. Most countries already allow the use of btc for some trading activities and soon there is no doubt it will become a major means of transactions or trading all over the world. In my school, we can buy food stuffs and some other things using cryptocurrencies and it has really being helpful.

The rate of people that use crypto in my area need to be put into consideration before accepting crypto, the reason why I'm considering the adoption rate is because mine is a local business and not those type that require me building and setting up a website for it. So for now I don't accept crypto but I don have plans to adopt Bitcoin into my business as soon as my business starts to grow and maybe later on add some more like BNB, LTC and maybe DOGE (I'm adding BNB because it's transaction fee is lower than that of Ethereum). But for now I'll stick to my fiat.

The number of stores accepting crypto is surely going to rise because of the growing demand and use of crypto, so it is expected that most businesses would have to adapt for the sake of their customers who would want to pay them in crypto.

Accepting crypto payments is good if you do it well, and you have a good plan on what to do with the crypto you would be accepting, using a payment processor is a good way to add crypto payments into you business so you would not be affected by volatility. If only a small percentage of your customers are paying you with BTC, you can use that income as a form of dca to hold BTC for the long run, but to do that successfully you must be sure of the continuity of your business with the fiat income you are receiving. BTCpay is a recommended payment processor you can use to accept BTC in your business.

It is very good to accept Bitcoin as payment because it offers diverse benefits to customers and to you as a business owner. It's privacy, fast, reliable and security attributes are some of the benefits of using it. It could also help to attract more customers from different countries to your business. International financial transactions are done with little or no restrictions. The problems most businesses encounter due to the inadequacies of conventional banks are limited.

But the first thing I will consider before accepting Bitcoin as a means of payment is government policy on cryptocurrencies. If the government favours cryptocurrencies it would be a big boast to consider it as a means of payment. There are some countries that have banned crypto transactions, using it as a payment option might attract punishment from law enforcement agencies.

The goods or service you offer should also be considered. If you sell products that are very cheap, using Bitcoin might not be advisable because of the transaction fees. The popularity of Bitcoin in your location is also important. If your customers are asking for Bitcoin as an alternative payment option, then it is important to include it. But there are places where people are very ignorant of cryptocurrencies, this option might not be effective in such areas.

You're asking a crypto community, so most probably the answer is going to be a big YES. Who doesn't want to skip a fee when you're buying your own Bitcoin or trading it from fiat to crypto. If someone pays you directly with Bitcoin, I believe the buyer would  usually eat the transfer fee for you to have the item or service's whole amount paid. Other than that, the merchant also has the opportunity to multiply those payment made with Bitcoin, when the price starts to rally again.
Those merchants/service providers who accepts Bitcoin payments actually have foreseen the potential of Bitcoin's future.

Unfortunately I am not a businessman at the moment and still work as an employee in other people's businesses and the owner of the business where I work now does not want to accept crypto into payments and is still happy to accept fiat to continue running his business.

But that doesn't mean it's a bad thing for him and me as his employees at this point because as long as you're still very comfortable using fiat, I don't think there's anything wrong with continuing it because everyone's goal is to make money through profit when doing business.

Everyone has its own strategy, and what may work for someone may not work for others. Majority of businesses today are done in fiat, and now, few merchants are moving towards Bitcoin. It's a matter of time before we will see the benefits of accepting bitcoin as payment.
In my view, the main hurdle in accepting bitcoin is regulatory compliance. There are governments that want tax on every payment made while with bitcoin, it's impossible to tax every transaction.

I think it is very beneficial to adopt crypto currency in business. I have set up a small business in my country. I envisioned on my own to introduce crypto currency trading in my business. But my imagination didn't let me go far. Because Bitcoin is not legalized in my country. I have put a hold on introducing crypto currency transactions in my business because of the administrative hassles. But I hope to fulfill my dreams one day.

I don't have a business, so I don't do it, but if I did, I would try to accept crypto and perhaps, teach crypto use to my clients. But before you want to accept crypto payments for your business, you should check the laws in force in your country because if the use of crypto for payments is not allowed, you could be subject to penalties from your government.

If your country allows crypto payments for businesses, you should find out what it takes so you don't break the rules. Regulations such as tax issues, licensing, and others. Don't get yourself in trouble for using crypto improperly and receive a warning from your government.

Yes only if it's bitcoin and No if it involves other cryptocurrencies, i can't stand to hodl the acceptance of some sort of shitcoins project as a means of payment in my business, bitcoin so far have been popularly accepted by many organizations for making payments and I've not seen them including other cryptocurrencies as an addition to this, likewise El-Savador and Central African Republic the two countries that have adopted bitcoin as a legal tender and not other cryptocurrencies, therefore cryptocurrency is a good option only if it's involves the acceptance of bitcoin.

Maybe check around your area if crypto is well known? Or if it was an online store of sorts, create a public survey and check around if crypto is well known, at least, enough for you to implement crypto payments. I don't accept them since I'm not selling any sort of service whatsoever yet, but I do plan to do so when I finish all the necessities that I think I need. There's no loss really if you think about it, setup is relatively easy as well so if there's enough demand for it I reckon it wouldn't be that bad.

As you have seen, crypto adoption is on the rise, so there's no reason why you shouldn't adopt it in your business, but make sure crypto is legal where you live. Adding cryptocurrency as a payment method will help businesses get more new customers, who prefer to use crypto to pay. However, crypto is very volatile, you should consider which coins you will accept. If you only intend to accept crypto with no intention of holding them, then you need to convert them to fiat or stablecoin to avoid unnecessary losses.

So far this is one of the best decision I have made in business. I accept bitcoin payment for my consultancy services and some other transaction I get involved in the course of doing business. If the people I am dealing with are digitally inclined I will relate with them about bitcoin and see their response. Atleast I have been able to onboard few business associates and they are all doing fine and thanking me for showing them the way about bitcoin.  Bitcoin acceptance is gradually growing in fact, that was amongst the sole reasons why Nakamoto invented bitcoin so that business can be done through bitcoin payment whereby everyday individuals can transact with bitcoin without any third party interference, no much charges, no much delay in transactions as a result of the nature of the deal, the mobility and scalability, safety and lots more.

It is not a matter of if others are accepting crypto for their business so that you will accept. The real deal should be if your customer would be able to pay with cryptocurrency, does your business needs to use cryptocurrency, can you handle the transactions with cryptocurrency for instance the security aspect and the volatility of cryptocurrency?

If your business has no need of cryptocurrency and your customers are not clamouring for it, there is no need to start introducing cryptocurrency in your business

In a business? I guess this would only be sustainable to businesses which are offering services and not products and such. If the service business would only require skill, then it would be sustainable in a sense that the owner of that particular business won't be needing money to maintain the business which will keep him safe from the burden unlike with those who offers products which will need to circulate the funds earned from payments in order to keep it alive. This has something to do with market price volatility wherein there will be time prices would decline and those are also times converting won't be a good option. Not unless your needs in that business would be payable as crypto as well.

On one hand, I like seeing greater adoption. There is no doubt that we have more and more merchants who add it on their portfolio, and as consequence, accept it in their store as payment method. On the other hand, I rarely notice merchants who do self-custody. I'm surrounded by Internet services which have BitPay, Binance Pay and Coinbase, and very little comparably support lightning. We should fix that.

Crypto payments are good but it all depends on your risk taking capacity. You need to understand that cryptocurrency 8s extremely volatile. So if you are willing to accept crypto payments for your business, you will have to accept the volatility as well.

So decide wisely if you are ok to accept that volatility or not. If yes, go ahead with it. Also check with your local administration if crypto payments are legal in your jurisdiction and take a call accordingly.

It's good to accept True Cryptocurrency like Bitcoin as payment as long as you are doing it right. So it's important to do it right when you decide to accept true cryptocurrency like Bitcoin as payment.

Currently accepting just donations for goods and services. The payments I could be accepting in the future may be voluntary payments for other goods or services.
 I'm more concerned about customer's (or human) satisfaction/safety than making money. We hopefully will develop Bitcoin in such a way that this is almost guaranteed

Yes, my company currently accepts crypto payments for our business. In fact, we started accepting them a few years ago and we've seen a significant increase in the number of customers who prefer to pay with cryptocurrency. I must admit that this decision wasn't solely my own - we actually started considering it after a few clients brought it up and expressed interest in using it as a payment option. From there, we did some research and decided to move forward with accepting cryptocurrency.

One thing we like about accepting crypto is that it sets us apart from other companies in our field. We're all about innovation and trying new things, so this feels like a good fit. Overall, we're happy with our decision to accept crypto payments and we plan to keep offering this option to our customers.

Cryptocurrencies are more advanced and reliable than fiat currencies as payment methods. Cryptocurrencies are currently used as payment methods alongside fiat currencies. But with the change of time, the use of cryptocurrency is increasing day by day along with the number of payment providers in crypto. This method is Fast, accurate, and hassle-free. Moreover, it has no off days. As a result anyone is able to make payments under any circumstances. Gradually this payment method is gaining more popularity. Moreover, by accepting crypto payments, a merchant is also able to promote his business adequately.

That is what I notice as well. A good number of merchants do accept Bitcoin, but that doesn't change the market dynamics of Bitcoin for better as it is just funneled back as a sale into the market through Bitpay etc.

@BlackHatcoiner when you say we should fix that, the biggest problem is probably for merchants to set up the infrastructure with lightning right? I haven't done any research on that topic, but are there companies like Bitpay that handle setting up lightning infrastructure and even connections to the merchants' accounting system?

One major step towards more merchant adoption would be plug and play solutions or click and install kind of things, but it is more complicated that I guess?

A solution would be amazing where a merchant could move a line chart in an easy to use interface like when you define sound volume, thereby defining which % portion of a Bitcoin payment they want to sell back into the market and which portion they want to put into their books as real Bitcoin. I think a lot of merchants would take a little risk and perhaps accumulate little by little through such a function. The software should handle all the accounting and they only need to shift this line chart from left to right, from 0% to 100%.

I don't know what the current status is of existing software solutions out there especially for smaller merchants who can't afford an army of crypto expert accountants.

Op, if you're referring to a particular article or a set of data, it would be great to add a link to the original post, so that we can discuss it more productively. If crypto payments are rising, it's wonderful. But is it measured by total volume or a number of transactions? Are there particular countries/regions that stand out in this regard? Are there particular goods/services or industries where these payments are rising more than in other areas? All those things would be great to know. A valid point was also raised in the thread about direct payments (self-custody) vs centralized services.
As for me, I don't have a business, but as a private teacher I would accept Bitcoin for lessons. However, everyone I know prefers fiat payments. Also, given that lessons don't cost much, transaction fees could be a significant part for such small transactions.

As far as doing business, I really want to use crypto as a transaction tool for the goods I sell to consumers, but the problem is the government's regulations are very strict regarding the use of transaction tools, which require the use of national money and that is fiat, and if I violate it, I will be punished. and pay a fine. So so far I can't use crypto or bitcoin as a transaction tool in my business except maybe when my business has a global market maybe I can do it, someone once offered me "why not secretly" I think it will give bad things if there is who reported it, so far I'm taking the safe route.

It does change the market dynamics, because more merchants will exchange their goods for bitcoin. It's just not progressive. Most still rely on intermediaries, which is the situation we were trying to avoid in the first place.

I'm afraid that there are two causes:

• Merchants want immediate conversion to fiat, which can't be done if they do self-custody.
• Potentially mistaken interpretation of some legislation. Doing self-custody electronically is, no doubt, a brand new thing, which might sound too good to be legal.

Not all businesses in various countries are suitable for adopting bitcoin as a means of payment, in my opinion bitcoin is an option that can be considered according to the needs and demands of its customers. So I never expected everything to be the same.

Maybe, that's only if my country legalizes bitcoin as legal tender.

I run a business that has some amount of crypto payment. It's not a massive volume in question (maybe 5-10%), more in the form of an added option and "another basket" to work with.

With that said, amidst proper regulations, which, of course, depends on where you live, doing business with crypto is a bit of an administrative nuisance. It's basically an accountant's nightmare, which is why we convert the received payments into FIAT momentarily. Otherwise, working it into the company's balance sheet would be next to impossible.

It's always going to be a challenge because of the volatility and the fact that this is not "your country's native currency," but I'm hoping that at least we could have some changes in the laws which would enable us to have a more streamlined workflow with it.

Anyone that decides to start accepting cryptocurrency should not make the choice and decision under pressure and because other businesses or business owners have begun accepting crypto payment. Accepting crypto for business has many advantages and benefits that it can add to your business, but it may also not have any benefit to your business if it is not well suited for the kind of business that you operate. Before you choose to add cryptocurrency as a medium for payment in your business, first examine the kind of business that you operate.

I don't have any business, but for sure I will accept this and be putting signage at the entrance saying we accept bitcoin, as this can also attract new customers and make them curious about using bitcoin, which will lead to others adopting it. As you can see right now, mostly in those countries where bitcoin is not banned, they are adding this as another payment method as they can see the market for those who own bitcoin. I've also seen a documentary about the most expensive jewellery companies that accept bitcoin as their payment method because it was requested by their millionaire customers because of crypto.

Is it good to accept bitcoin as payments? Sure, why not! I don’t own my own business but I offer bitcoin as a payment option to anyone anytime I sell things alone. Like yesterday I listed a few window AC unit for sale on Facebook marketplace and offered up bitcoin as a payment option and actually had a few people say they would be willing to pay in btc if they decide to buy it.

As merchant, yes everyone should start accepting the payments in bitcoin form and it could really kept as alternative to fiat on every till/bill desk we pay. The reason behind this is, a shopper might not pay in the first visit however he may start thinking about second or after third visiting into the same shop and same bill desk. We can call it as visual marketing and also unconscious marketing because no one is actually telling a user to go for it. The bitcoin payment sign would be just sitting there and it will be visually getting recorded in visitors mind.

This would be enough from the merchant side and slowly there shoppers could turn into bitcoin investors or payer for instance.



Exactly my point however, there is no limit for which type of business the bitcoin is suitable. I mean it's a money at the end of day. In fact bitcoin would be privacy run, low fee and high throughput sort of money which anyone would accept freely in an exchange to their business / service.

The trend could kick start from the countries like USA, Canada, Europe and then followed by Russia.

Considering the number of ATM;s that I studied yesterday, those country top the list and thus tell us there might be more craze than other countries for sure. Deifnitely they should go for merchant desk payments in the form of bitcoin and start the magic reaction.

Accepting cryptocurrency depends on a number of factors. The key concern is with the laws in your country. depending on your business model then. You should recognize the price volatility of bitcoin if both are good. When you accept Bitcoin for your business, you must be aware of both the positive and negative aspects. If there are no limitations, you can implement by simply including a cryptocurrency payment gateway. Hence, if there are enough cryptocurrency users in the area where you run your business, you may start attracting customers that are well-versed in cryptocurrency.

You are very correct mate. This aspect is very much favorable to those rendering Services through skills or freelancing because they would not need much pressure to sustain their business through funds since they would have nothing to add up or buying. This works best for them because of the advantage they have as they have no product to buy or sell so therefore there is no capital they need in purchasing but rather they are giving out knowledge and their skills in return for bitcoin payment but when it comes to production or goods, a business would need capital to restock their business for transaction so therefore accepting bitcoin would be a bit challenging to them as they would need to restock but however if they take in profit through bitcoin that would be ok then convert their capital to fiat so they could restock as there is every possibility that they would need to do as some of the producers of those produce might not be accepting bitcoin.

In the current world it is easier to take FIAT, pay taxes and park it in the bank account until it is taxable again, irony. I think it's always good to accept Bitcoin because no one can't take it away from you. If you want to pay with Bitcoin, it important where you are in the world, and if there are more people and businesses or companies that accept it, so easier it is. So yes, and the chance of someone else accepting it is higher.

I believe it is not something that's hidden that technology used in the 21 century has advanced and blockchain with the inclusion of cryptocurrency is part of the advanced movement of the 21 century.
Having said that, accepting crypto as payment for business is good since the fiat currency is losing value every day. However, everything is determined by your residence country's rules and regulations towards crypto. If your country of residence is not against crypto as a payment method, before can accept it as payment for your business you need to understand the fundamental concept of crypto and I will advise you to go solely for Bitcoin and privacy coin like Crypton coin (CRP) which is already accepted as payment by 1859 online merchants.

Not yet, but I am about to, right now I don't have any business set up for Bitcoin payment and I do not think that all businesses are fit for Bitcoin payment, but there are so many people accepting Bitcoin as means of payment right now and it's been going on for many years, adoption rate won't happen in a day, that's certain but gradually everyone will know about Bitcoin, what the government feared about Bitcoin has been unleashed since the beginning, now it's too late to stop.

Given the recent increase in its use, it won't be long before this is adopted globally. The use of Bitcoin as a payment method has spread somewhat around the world. Even countries that have not yet legalized bitcoin and whose citizens use it accept bitcoin as payment for services rendered, all in an effort to increase its adoption. A number of forum users have also reported that they now accept bitcoin as payment. This is all done to improve its global adoption, which is a gradual process.

Why not? Assuming that the law permits it, I don't see any significant downsides to accepting cryptocurrencies as an additional payment method. For example, some local governments in my country already accept cryptocurrencies as a form of payment for public utility charges. Additionally, grocery retail chains and some gas stations also allow customers to pay with cryptocurrencies. On the other hand, larger businesses such as car dealerships and real estate agencies have also started accepting cryptocurrencies as a payment method. So why not?


Bitcoin doesn't necessarily have to be accepted as legal tender to be an acceptable form of payment.

I was accepting it few days back, but the government put a ban on crypto in our country. So I had to stop so that I don't wind up in jail for illegal use of crypto. But it is a great experience and joy to get crypto payments and teach those who are not aware of it. Inspire them to use it. It's a new thing to the people where I live and those who showed interest, they are still learning after I explained it to them.
So sure, if it's not banned in your country, and you are not facing any legal issues, then you can use it as a payment. It's a great experience for you and also your customers. Those who knew about crypto already and were able to pay in crypto, the joy they felt, I was able to see that in their faces.

Don't have to accept crypto as means of  payment in your business all because some other person's are doing so. First thing you need to check, is your line of business convenient and workable through use of crypto for payments,
For someone that's into automobile the difference can't be compared to a grocery sellers. Succinctly put, you don't expect a customer to buy a grocery of $20 only to pay it in bitcoin with attached transaction fee to it.

It's a really nice idea accepting bitcoin as your payment method, but you should have basic knowledge about bitcoin and cryptocurrency before you start accepting bitcoin, you don't just have to start accepting bitcoin because you heard other people are accepting it, learn to know about it to be at a safer side.
I don't accept bitcoin as payment method because I don't own any business yet, but I believe later in the future I will get my business and I will definitely accept bitcoin as payment method.

There are positive and negative sides for sure. but when it's implemented and we can manage it, in fact, paying with Bitcoin has several advantages. moreover, at this time we also have several options so that payments with Bitcoin have a cheaper and faster transaction fee. One can also manage when they should cash out the Bitcoin or invest it. So that they can continue to get profits from both.

However, if you cannot manage it and you are a low-risk taker with high panic and worries, this is not a good idea, for, Bitcoin still has high volatility. So, you may feel dizzy every time the price drops after receiving the payment with Bitcoin.  ;D
So, just consider the plus-minus of accepting this or not for yourself, based on your condition, not other people's idealism.

Even though we haven't received it yet, talking about payments / wages received through crypto currency I think has made the growth of cryptocurrency increase, but here we haven't received it, because some of our places and business owners are still very comfortable with Fiat currency.

But this is not a problem, because everyone certainly has a different strategy, especially in using currency like this, maybe for now we haven't got it, and this use is of course related to state permission, which we already know that it hasn't evenly all countries that have legalized cryptocurrencies.

Where do you see this report or news? Yes bitcoin adoption is increasing but not as fast as we think.

In most places of the world governments are still a hardle and people are not free to accept bitcoin easily in the businesses.

Amidst the lack of regulated support from the government, people have begun to add bitcoin acceptance into their businesses. In particular bitcoin acceptance into the business can be seen much on Nigeria in recent days from the small scale businesses. Western Nations have got more stores accepting bitcoin, here in Nigeria even a roadside fruit vendor accept bitcoin. Similar scenario needs to happen around the world.

There is no need to imitate others, but accepting cryptocurrencies as a means of payment is applicable to all industries as it only brings benefits without harm. It is true that when we spend a small amount, no one wants to incur additional transaction fees. But it will also be necessary in some cases, such as if you don't have cash at the time, then crypto can be a great alternative. Or crypto can also be a solution when you're selling to tourists, and they don't have your country's local currency.

It's very convenient. Especially if you don't trust banks. I hold all my savings in crypto and that way government doesn't know how much money I have I'm now afraid that the bank will freeze my account or go bankrupt.
But the problem is because there are no crypto regulations right now, you might face some issues with the law/IRS if you will accept such payments. So be careful.

for those who know and use Bitcoin of course using it as a means of payment will be very enjoyable. unfortunately, I don't have a business for that. I am still an employee of a private company. but if companies could pay their employees with Bitcoin it would be great of course. but the current problem is related to the regulation of the use of digital currency (Bitcoin) as a means of payment that has not been legalized in several countries. Bitcoin is still considered an investment asset, and ownership is permitted but not for fiat as a means of payment.

It should not be that surprising, a great deal of the purchases I make online are paid with bitcoin, and as bitcoin gets more popular then the number of payments made with bitcoin will keep increasing.

But even if it is a good idea to use our bitcoin in this way as this is the main purpose of bitcoin, do not forget to buy back all the bitcoin you spent whenever you can as to not reduce the size of your holdings, since each day that passes we are getting closer to the next halving.

Well, that's the point of paying with BTC then, if you're gonna just refill it right away and spend money on fees while doing it? I think it's the way only if there are no other options than BTC, and you really need something that you're buying.

I also don't own a business right now, since I'm studying, but if I had one or if I were employed in a private company like you, I would also accept being paid in bitcoin if they gave this opportunity, so I could convert the amount I need for daily expenses to fiat, keeping the rest in bitcoin for investment purposes. I plan doing this futurely, if I achieve the dream of graduating and starting in a new career, as employee or business owner.

Sure do, but in terms of accepting payments, there are a lot of things to look after, such as KYC and processing fees. I would recommend another crypto payment gateway. Just look after it, maybe you changed your mind though. https://coinremitter.com/

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The problem you stated about transaction fees is a real deal. not only you but other merchants are also facing this problem as well. Other crypto gateways are charging at least 1% of processing fees. But this payment gateway is charging only 0.23% of processing fees. So that people or merchants like you can save more on your payments. Just go through this payment gateway, I hope it makes up your mind. https://coinremitter.com/

[moderator's note: consecutive posts merged]

I do not have a business, but I make sure that I support the businesses that does accept it. This is very important, because if the consumers does not do that. these businesses will stop accepting Bitcoin as a payment option.

So for this reason I have accepted that my company can pay me a small percentage of my salary in Bitcoin and I take that are spend it on food at local merchants that accepts Bitcoin as payment option.  ;)

As long as the government can legalize bitcoin as a legal transaction tool, there may be more companies that pay, and companies that receive payments using Bitcoin as a substitute for Fiat. No need to question the value of fluctuations, confusion with Fiat can always be done to maintain the value of products or services.

But as long as the regulation still inhibits bitcoin for payment tools, maybe we will see more of bitcoin as an asset traded on the exchange than to see the use of bitcoin to buy goods.
But if I have a business, receiving Bitcoin as a means of payment is a very good breakthrough.

In the current era where almost everyone relies on technology in their daily lives, I think accepting bitcoin as a payment option for business people is certainly a good way because bitcoin can make it easier for buyers when they want to make payments without having to involve a third party and so far bitcoin has also it is proven that it is very effectively used as a means of payment, there is even a possibility that in the future we will see that all their business people will definitely accept bitcoin.

This is a kinda serious issue, as coming to us, we are providing the best crypto payment services to merchants. It doesn't mean we are encouraging you to accept crypto payments. You are doing a great job in taking a safe route. When your country allows you to accept crypto payments you can definitely accept them for goods you are selling. Till then just cross your fingers and wait.

It depends on the condition of your environment and the condition of whether crypto has started to be accepted or not there.
It's actually not that much of a problem if it does accept payments via crypto and that's obviously very good as there are indeed a few threads now saying as well that they accept payments. But in this condition, we also have to see whether this is actually legal in your country because some people still don't allow it, which makes it possible for you to get into trouble if you do it.
It's still lucky if the regulations are still very good, but if it's not, I think it will only torture you.

In various countries there are still those who use it but not in parts of Southeast Asia like Indonesia, it seems that no one has done that yet, but it's different doing business with rich people they might use crypto or fiat, but so far I see that most of them do it using fiat compared to using Crypto, so it all depends on where the person is doing business.

I've never heard of a case where ordinary trading using bitcoin in a country where it is prohibited will be punished with imprisonment at the first sanction. In my country, there will be sequential legal action for violators: reprimand, termination of activity, revocation of license, and then fine or imprisonment^[1].

Unless it literally constitutes trading for "illegal" purposes, administrative sanctions probably won't be awarded in the 1st place.

1. https://www.liputan6.com/hot/read/4869047/hukum-mata-uang-kripto-di-indonesia-sebagai-alat-pembayaran-dan-aset-perdagangan

Save with cryptocurrencies? If it's bitcoin, then I think its safe for you, if it's altcoin or stablecoin, nothing is safer, and if you keep your crypto assets on centralized exchanges, that's even worse than the bank. Nothing is 100% safe, you should diversify rather than just bet on 1 asset class, especially cryptocurrencies, a top risk asset. Except for some politically unstable countries like Nigeria, I really haven't had any problems with banks since I used them so far.

Maybe it's because many people still don't know crypto and still prefer to use fiat because it can go straight into their bank account. Or maybe they use crypto as their asset to store in the long term so that it can provide other benefits for them. Maybe it's also because there is no awareness from the public to start using crypto as an alternative payment besides using fiat. But we should find out about the regulations in our country in using crypto as a means of payment for our business so that we don't get into trouble later.

Adoption has been rising when and it is quiet to see that more businesses are offering such payment in order to give some crypto users a chance to use their crypto without the need to convert it into fiat money. This year and for the coming years we are hoping this could be available in most countries and that crypto is legal. And putting it now is likely to have profitable results especially as we are heading to bull season.
It was a part of the plan but it all commence when the people in our community had already been educated about crypto.

bitcoin vs bank
https://twitter.com/BitcoinMagazine/status/1627823782965481474?t=50myRWA-6LMWOOs8dnXljg&s=19
https://i.imgur.com/ckex24K.jpg

Only if you can consider the above illustration of the advantages bitcoin has over using fiat, then you will see the more reason why a 24/7 service availability is acceptable for any business to serve as their payment and transaction advantage, your customers will have no barrier against their payment and your decision on receiving it as well can be done at anytime with a decentralized network that does not go on holidays, this will hasten up your decision to start the acceptance of bitcoin when being considered over other payment means.

And banks know that there are competitors and develop their online services better and better and I'm nearly sure they'll offer better service than crypto can ever. Main difference is that in case of a bank bank controls your money and in case of a true decentralized crypto all control over your money stays with you. Maybe some old fashioned banks have worse service but modern banks offer 24/7 online banking where you can do everything you need, including a "cash register" directly in your smartphone.

Accepting Bitcoin or cryptocurrencies as payment for services or goods can have its pros and cons which need to be evaluated before going ahead and letting your consumers pay with it.

The positives include wider reach and potentially grabbing more attention among consumers who wish to use cryptocurrencies instead of traditional payment methods. Another positive is that the price could go up anytime and the stock you have got so far from the payments will have more value.

It also has some cons that include the fact that the price can also drop significantly, and if you have Bitcoins or any cryptocurrency that you have received through your business, they will have their value dropped thus becoming a problem for the business itself.

Comparisons are not too intense. I can make bank transfers 24/7, local banks in my country also open 24/7 online customer service.
I think that the advantages between bitcoin and fiat will not underestimate each other.

Exactly, some situations are also unfavorable/allow transacting using bitcoins. Both will be mutually alternative.

Users who have answered that is good to accept crypto as a payment, have you ever paid in crypto for goods or services? Or you are mostly holders or traders? Also, as we are on a crypto forum, I doubt that anyone will say that it is no good to pay in crypto.

I think it is too early to make a decision whether it is good or not. We dont have much crypto payment opportunities world wide. A lot of people still pay in crypto only as a test. They dont do crypto payments regularly. Frankly speaking, I dont see much pros so far. Similar to cards and mobile, you still need a device or app to be with you to pay, unlock it. Practically same algorithm of actions to make a payment. Ability to stay anonymous - what about warranty? How to prove ownership of a purchased item or received service?

That is what we are supposed to do because it was important to know our market first and to assure that when this will happen we have users to take our services. Otherwise, it was useless to run the business and only just fail in the end. It was to know that even though the spread of crypto is getting stronger, this won't gives us a reliable thing also to decide unless we know that we are surrounded by crypto holders.

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Therefore, it was advisable to know our environment so well because this is the basis of our project business.

The rate at which people accept bitcoin in business is increasing everyday. It is not bad if you accept bitcoin as payment it is advantage to you and your business, you are also promoting bitcoin. Adoption of bitcoin is not only occurring in small businesses,  some countries have already adopted bitcoin and it is been used in exchange of goods and services. This is something you need to look into and make decisions if you think it will be okay for your kind of business and if your business won't be affected by volatility in the crypto market. But I must tell you accepting bitcoin as payment is not a bad idea.

I have no business but with participation in campaigns, you'll see majority of the people in here that are into different types campaigns and businesses like loans and selling of services.

Accepting crypto as payment isn't really new.

And outside the forum, I'm happy to see that it's not just limited to this forum and other crypto communities but many merchants do prefer to accept it as well.

The community is growing and it's unstoppable that majority in the nearest future will prefer to accept top cryptos for payments in different services and businesses.

You have a good point. To be honest, I wouldn't be willing to use my crypto assets for payment either, if possible, it's just experience and not as often as using fiat.

In my opinion, since cryptocurrencies are being treated as an investment rather than a form of payment, it doesn't hurt to accept it as a form of payment for businesses, but it also won't bring any benefits. 
OP can try but don't expect as many clients as people say, because very few are willing to spend bitcoins or crypto assets.

accepting payment by bitcoin / crypto would be great. But on condition that this is allowed by regulations in that country. But maybe for online stores it can still be done. but for physical stores I think there must be legality first. and I'm also interested in paying with bitcoin/crypto if there are stores that accept payments with bitcoin/crypto. because it will be a good experience. although I'm not sure I want to do it more often. because currently using fiat is still more practical.

I don't see any reason why you shouldn't accept cryptocurrency as payment in your businesses since it's also a form of payment and there is nothing wrong with it as long as you understand how it functions. Crypto payment is a good thing and will improve the cryptocurrency world. More people join the cryptocurrency community every day, and over time, more than half of humanity will be familiar with it. Additionally, cryptocurrency will soon be legal in many countries.
When all goes as planned, I'm about to launch a business, and I'll undoubtedly accept bitcoin payments from clients who like to do so. we should all do so it will help and benefit the adoption of bitcoin by others.

This would depend on a number of factors :
1. The legal status of bitcoin in your country
2. The ease of conversion of bitcoin<>fiat in your locality
3. The acceptance of crypto in general goods in your country/ease of paying with crypto.
4. The public opinion about crypto and whether the people you cater to have a chance of owning crypto.

If these responses are good you might want to add crypto to your "list" of payment modes. Dont try to force it on people, you will get counter-productive results. You can include some perks for those who are paying with crypto so that the customers get inclined to it.

I would rather do a survey before doing something so radical. If you are going to run a business you need to run it with payments that are easy for the customer.

There's a good chance that since fiat currency continues to predominate in the majority of nations, it took bitcoin decades to stand out in the crowded industrial sector. Accepting bitcoin as payment for goods and services is a very wonderful idea for organizations and enterprises, but due to some nations' stringent regulations banning cryptocurrency, this seems unattainable because not everyone is able to access the new contemporary era. The world is quickly transitioning into the digital age, and it is up to us to embrace it by taking all available measures. The market will expand enough in places like El Salvador, which has already made bitcoin legal tender.

As a crypto enthusiast yes because by accepting crypto in our business could mean that we are spreading awareness about it to those people who are new to it. The only sad part is that I don't have any business right now or stores. I think I will save up for a while and once I already have a decent capital maybe I will ask my wife if what business she wants to open up.

I won't hesitate to put a crypto logo in my business banner and then I will stick a poster with QR code of crypto. They can scan it and they will be redirected to a crypto website to help them understand it further. I think it's also a good idea to put some free cryptos there as a form of reward.

Well ok so it would change the market dynamics for all the goods that are in stock and have been bought with Bitcoin. That would draw more Bitcoin out of circulation.

But regarding the intermediary thing, isn't that the gap that could be closed by a full-fledged software that is fully adapted to applicable legislation and easy to handle for the merchants? There is already massive accounting software out there. What do you think is holding software companies back to tap their toe in the water and try to build something where merchants could more or less get started with plug and play?

To accept cryptocurrency as a payment is for bitcoin users, because if I'm a bitcoin users and the person am working for too is a bitcoin users,then it's good for me to accept bitcoin as a payment.but if  don't understand cryptocurrency is not good for him/her to accept cryptocurrency, because you will not know how to use it.And also is not good for learners to accept cryptocurrency as a payment,it will affect them to use it because him/she never understand anything call cryptocurrency, it's good for bitcoin users to accept cryptocurrency as a payment,but cryptocurrency like bitcoin.

As of tomorrow I can't consider bitcoin adoption for anything in the business I'm developing, but it's certainly not impossible to change.

Regulation is still the biggest hurdle for anyone in my country when it comes to bitcoin adoption in real business, while I can't reach any service operating in my country's jurisdiction that accepts bitcoin as a means of payment. I don't know how long, but I've never felt compelled to expect that to change in the future. Governments can issue CBDCs themselves without legalizing bitcoin, and there's certainly very little room for anyone to adopt one.

I don't think you should base the decision of using and employing cryptocurrencies as a form of payment. Crypto as it stands today is very volatile and a price rise today could turn for the worse tomorrow. People who consider using crypto as a form of payment especially if you are a thriving small-time business should be wary of these things and should be prepared for the worst. It happens all the time and more often than you think. If this is something that already repels you from using bitcoin or any other cryptocurrency for that matter as a form of payment, then maybe you should not use it as a form of a payment. Large companies can do so with ease but they themselves are taking a massive risk here, something that is ginormous for small-time businesses.

The law maybe different in your country, but in here, you could go to jail just by owning any cryptocurrency. You don't have to use it or trade. This is how fu*ked up the law is in our country. But bitcoin being decentralized, they can't track you. So if you keep it a secret from the government, then you can own them.
Here's a news regarding this issue. After this arrest, the law is being made that owning any cryptocurrency is illegal here.

Three arrested for illegal trade of cryptocurrency (https://www.newagebd.net/article/177491/three-arrested-for-illegal-trade-of-cryptocurrency)

If I have a business then I would not hesitate to accept crypto payments.  I will even give discounts and giveaways so that my customer will think about using cryptocurrency to avail for discounts.  I believe that is one good way of promoting cryptocurrency specifically Bitcoin.

By the way, my country acknowledges Bitcoin as a mode of payment, so I think there will be no issue whatsoever if I accept Bitcoin if ever I founded a business.

those that could accept crypto are those that are doing business and Bitcoin activities is not restricted I'm there region. That is the benefit of using cryptocurrency because even though our local currency keep losing value, wewill not have problem because what we are holding is more of an investment and digital currency. I receive Bitcoin in most of my business especially for those are accept to pay me in Bitcoin. We might not know the importance of having Bitcoin I'm our portfolio until we meet people who might had been longing to own or buy Bitcoin but don't know how to go about it.

My country hadn't disclosed its position on cryptocurrency usage. The government have taxed 30% and with that I don't know on what basis they'll tax on bitcoin accepted into any of the businesses. Now I don't have any business and if something developed surely I'll accept bitcoin but with the fear as I'm not sure of the taxation policy in the country.

There are already a lot of businesses tried to accept cryptocurrency for payments for their businesses. And accepting cryptocurrency to your business is made easy because there are already some platforms or software that will make it easy for you, like payment processors for cryptocurrency.

And take note also that there is some businesses that started to accept Bitcoin at the beginning but later on, they suspended it because of high volatility. I can give example is Steam before, they started to accept Bitcoin but later on they suspended it.

Businesses accept cryptocurrency as a payment method, specifically bitcoin, but they are still based on the value of fiat currency at the time of payment. So if you are afraid of crypto volatility affecting your business revenue, you can convert bitcoins to fiat currency after receiving the payment, and you hardly lose any money. In investing, volatility is a very good thing, but as a payment method, volatility is not beneficial but not too difficult to deal with.

Keeping multiple payment options is always a boom for any business. It will give you more reach and people who are using that payment method will eagerly use your service and business by paying through it. So implementing Bitcoins won’t be any harm to be honest. But on the other hand, if you are the one who will be affected through inflation, then accepting Bitcoins won’t be an ideal deal. Moreover you need to also install a payment processor for it, who accepts Bitcoins and hence it will manage it for your business by taking a small commission. So if you can do the above mentioned things and can adapt to it, then yes go for implementing Bitcoins.

It will all end with having an option to accept Bitcoin as a payment, but nobody is willing to use it. The logic for that is simple - if any currency's fiat unit equals 1 (1 fiat = 1 fiat), then people would avoid paying in Bitcoin, because first, they hold it as an investment, second they are afraid of overpaying in case exchange rate goes up. Trivial greet. I believe that each business is open for receiving any kind of payment. Payer can do arbitrage and pay in a foreign currency, save few %, but lose time.

I think it's great that more and more people are starting to accept payments in cryptocurrency. If I had my own business, I would definitely accept payment in bitcoin. That would be the best option for me.

But the question is if it was legal in your place or if you know that it has a market as well. And not just like that, we should also consider the place if crypto has already been known to them otherwise, it was only a useless option. For some reason, we can't just offer this option unless we are sure that some will take this option otherwise, we just offer the fiat option alone.

For now, we must listen to the behavior of the market and also the adoption trends. I'd see that it takes time before it is fully adopted. However, showing it to the public that you are accepting crypto will somewhat give some curiousity and could also help for adoption.

Credit and debit card purchases are less secure than cryptocurrency transactions. This is due to the fact that cryptocurrencies do not require external proof. When a client uses cryptocurrency as payment, their information isn't kept in a centralized location where data breaches are frequent.

Downloading a plug-in or app on your e-commerce platform may be all it takes to set up bitcoin payments in your online shop. If you don't have access to this choice, you can incorporate HTML code payments instead (both BitPay and Coinbase provide this)

Accepting cryptocurrencies can lower these expenses to less than 1% of the transaction's worth. Protection for merchants: The dispersed nature of cryptocurrencies shields businesses from erroneous chargebacks. Because charges cannot be reversed by a third party, the deals are final, just like with cash.

I think even better way is the fact that you could just simply accept stablecoins, many people who own bitcoin also owns stablecoin or could simply convert anytime they want wherever it is. Which is why it is quite important to realize that it is a big deal and should always be considered a big deal in the long run as well.

Because if you deal with stablecoins, the price will not change and you will be charging basically the same dollars and yet you will be getting paid in crypto, at least accepting crypto, so you open your door to a new batch of customers as well. I would suggest turning some of that into bitcoin after you got paid, would be a lot better for long term.

Business-wise, you have to consider all types of payments if you want to expand your market as much as possible. The volatility of cryptocurrencies is a concern but there are already many companies that are creating platforms in order to make crypto payments converted into fiat automatically. Personally, I will not convert the crypto payments into fiat automatically since I knew we are still in an accumulation period and next year is already the halving year of bitcoin. So if I were a businessman, I will take advantage of the cheap prices of crypto right now and cash out during a bull season.

soon enough, we'll have little or no need for Fiat currency, currently in my country, a good number of persons purchase things with Bitcoin and other crypto currency, I know they're disadvantages to it too though but, there's nothing with an advantage that doesn't have it's disadvantage.
The good thing here though is the fact that it's advantage beats the disadvantage by a good number.

I do, and it has been the biggest jump economically in my entire life. I have been working in the same business for about 10 years, for the last 7 or so I have accepted bitcoin, and first few years I didn't realize the benefit and the amazingness of it, and for the past 3 years or so I have been making probably x4 more than what I used to make, that's the biggest difference.

The only reason I am making this much more is the fact that I started to accept bitcoin and managed to find a job that pays this much, otherwise I wouldn't be able to make even half of this if I just worked for fiat. I have to thank my government for ruining fiat which made me look into bitcoin.

If this is done in my country, then it is a violation of the law. My country has a law that the legal means of transaction is the rupiah and other currencies that have been recognized throughout the world. Because currently my country only recognizes Bitcoin and crypto as commodities. Although I also know there is a possibility that some people have done that with the deals and risks they have known before. Although it would violate the provisions of the applicable law. This is why my state started going to create CBDC, and the whitepaper is ready a few month ago.

Definitely it is and no one is gonna say no at major crypto forum. But definitely it is good for your business to accept crypto payments. You may not see a significant increase in payments via crypto network because even today small number of people are using crypto but you can use crypto payments as a marketing tool for your business which can increase awareness among people and in exchange you'll receive more traffic, that you can turn into sales. Cryptocurrencies are very innovative products and innovations always attract attention.


Every single shop where I have paid with bitcoins was using Coinbase Commerce. While this forum is against centralized services and I fully support that idea, it worth to highlight that decentralized services, including centralized bitcoin payment gateways will remain the most popular choice because you get everything ready and it's as easy as ABC to implement it on your website. Most small shops don't want to hire people for their website, so they choose Shopify & Wix with easy to integrate plugins.

Are you from El Salvador? If not, then where are you from?
Can you please name its advantages and disadvantages? I wanna know more.

OP, This is not a crypto section as far I know this is the Bitcoin Discussion section so I would like t read things more related to bitcoin here I know it's just a title still, but I'm expecting better from you next time.`


Answering your question there is a misconception in the community (Newbie) that bitcoin provides anonymity and privacy to the users on Blockchain but it really doesn't provide anonymity to your funds, so if you want a transparent system then Bitcoin acceptance is important it can expose each and everything and provide a really transparent and open Environment as we all need. For privacy and anonymity, you need to hide, you can use mixers to hide.

If your Publick address is somewhere related to your public social account then bro anyone can track each n every single bit of your transactions, so in democratic countries, the use of taxed funds on development projects is a lifetime shady business this problem can be fixed using the Bitcoin network as when you public the fund's transfer addresses then anyone can audit where the government funds are going it can directly eliminate dirtiness in the politics.

Since I've known bitcoin, I think that's how long I've considered it good for adopted means of payment.
Maybe the problem is the regulations differ from country to country. I can't expect many shops or shopping centers in my country to adopt bitcoin as a means of payment, bitcoin is illegal as a legal currency here.

So in the end I can draw the conclusion that whether or not bitcoin is adopted as a means of payment depends only on how the government regulates it. If it is legal, then you can expect to benefit from adoption and increased demand at your services.

If it is illegal in your country then obviously any shops in your country will avoid Bitcoin as a mode of payment.   Obviously, these merchant doesn't want their business to shutdown because they are transacting with illegal stuff.


True that to be recognized legally as a mode of payment depends on the government's acceptance of bitcoin.  If the government ban Bitcoin then adoption on that country stop there in legal terms but obviously there are people and businessman who would defy their government's regulation and will continue accepting Bitcoin as a mode of payment.

I've got some little business and if a random customer of mine asks me to pay in bitcoin, I'd be more than happy to accept it. But most of my transactions are cash and a few from digital.
I'm not too hyperactive in discussing it with my customers since majority of them come and go and even I've got long term and repetitive customers from my rental business, no one has said anything to me that they're interested in paying in bitcoin. Maybe because I'm not telling it to them or it just so happen that they're not aware of it and still didn't hear anything about bitcoin.

I am still planning to establish my own business and once my business has become known, I will start posting that crypto payment is accepted. Who knows, there are also some crypto owners around that I have never known. And it’s really a great advantage if you can go extra mile aside from fiat as crypto will always accelerate its value in years and by that time, the volume of crypto has grown in your wallet. That will bring a lot of profits if you sell them in times of bull run.

Accepted Bitcoin as payment or not depending with your country regulation have allowed or Bitcoin still illegal, actually accepted Bitcoin is good but you need understand about your country regulation if accepted Bitcoin as payment transaction. In my country not allowed accepted Bitcoin as payment transaction although bring positive viewed how many people interested with our business when Bitcoin in the list for payment currencies.

If your business still small seems possibility accepted Bitcoin as payment transaction, but if your business have bigger better need allowed from government is possibility or not using bitcoin for payment currencies.

Accepting cryptocurrency isn't a new thing nowadays and with fast rising we believe it will be more secure and reliable to use in time to come more than fiat. I have accepted cryptocurrency in my business but as a law abiding good citizen I have to reduce the rate at which I do accept cryptocurrency. Actually my country have set a restriction to us associating our bank details with crypto currency payment. However p2p has come to change our narratives.

what do you mean by reduce the rate at which you do accept crypto?

but in any case, it is true, there are p2p methods that you can convert your crypto to fiat. but make sure you are using trusted platform. otherwise, you can easily get rekt from scammers. it depends on how you believe on this market, when you accept crypto. if you have hesitations, better not to. you will just blame yourself if it does not go with your expectations.

Oh sorry, reduce I mean is not to be caught by our authority knowing that there is a restriction to us dealing with cryptocurrency most especially associating our bank details with cryptocurrency, that was why I made mention of p2p service has now become the easiest way to deal with and to overcome the CBN from not knowing ones activity with cryptocurrency anymore.

Well, you live in a wonderful country with a lot of development, there are countries that prohibit it and apart from that, the only way for them to be accepted is that they must pay a lot and leave the complete identification and that is something that I do not agree with. , in the country that I am with these conditions and since I am a person who is an immigrant, I do not want to have that type of record, I think they will follow up or something to keep an eye on me, I don't know, it scares me, in Europe things are different.

I have accepted Bitcoin for drawings I have done in the past.
But since my volume of accepted satoshis is relatively small from what could be a different kind of business, like a restaurant or a shop. I do not think my experience is specially valuable as reference.

I personally believe that is ok to accept Bitcoin as payment for one's services and products, but one needs to be aware of the basics about accepting Bitcoin: how to protect oneself from fraud how to deal with volatility, how to reach sources of liquidity to get FIAT if necessary, etc. People need to know of what they are getting into.

I've seen many threads on this forum about accepting bitcoin for their business, it's a very encouraging move, but I'm not sure many people will use bitcoin or crypto assets for their payments. Accepting cryptocurrency will not affect your business but is it actually used, or do people still prefer to use fiat money? I find fiat or bank transfer to work better than crypto in this case.

If you live or do business in an area that has people that "aren't" tech savvy, unfortunately Integrating crypto payments will not be the best option... But nothing wrong with starting or joining the revolution...

Then for those that leave in communities that are well exposed to tech, am certain this is a benefit to both the business and the customer security wise as you won't need to carry cash on you, and as a business accepting crypto payments, this gives you better accounting  advantages and invites clients in this niche.

Agree, it's not only about accepting these payments..you need to invest some time to learn about this technology to protect your business...you don't want to be failing for this like double spends and the alike.

for now I haven't done it, I bought crypto just for investment it hasn't reached the stage of doing business using crypto payments.
because at this time I am still comfortable with investing and still in the learning stage.
but paying using crypto seems like an interesting thing, but I don't fully know whether it's safe or not.

Since the pandemic a lot of people are getting into crypto mostly in bitcoin as they saw the rise of it which most people want to own one as it is very volatile and can make them rich also on business they start accepting bitcoin because a lot of people talking of it and it is good for marketing which it attract customers, other also accepting bitcoin as they want to spread awareness to others which is good for the adoption of bitcoin

As the world is now advancing in technology and bitcoin is becoming a potential currency and global usage of bitcoin is increasing day by day so if I start my business it will definitely be a good decision for me to accept bitcoin so as I know about bitcoin I  Will accept bitcoin as payment when starting business. In this I can do better business globally and I don't have to worry about the country's foreign reserves or other payments to import or export any products. In this case, I can easily do large transactions through Bitcoin, so it is a good decision to accept Bitcoin in business.

You are a crypto investor, you are slow to update the news because this has become so common these days. And there is no doubt that accepting bitcoin or cryptocurrencies as a payment method is absolutely beneficial for businesses as well as shoppers as they will have more choices.

I will disagree with you on this, the purpose we accept cryptocurrencies for businesses is to attract more customers, not to accumulate bitcoins for investment. We need to separate capital to maintain business and capital to invest. As I said, volatility is only good for investing. Bitcoin is very volatile, and that will affect the capital as well as the profit of the business, so we need to convert it to fiat. As for investment, you can buy bitcoins anytime as long as you have lazy money.

Way bitcoin can be accepted can be different and each is valuable for some: not all entrepreneurs are huge or even big, some have small business which can be like yours and big business decisions could be not suitable for them unlike your experience. And for wide bitcoin adoption we need a majority of businesses to start to accept bitcoin, and each spot accepting bitcoin works for that, even if this spot is tiny. ;)

If I were to build a traditional business here, there is no doubt that I would do it with Bitcoin or Cryptocurrency accepted. Because through this method, the community will gradually get used to the fact that bitcoin can be used to pay for this type of business.

Then there are many merchants here in our country who do this, especially in a famous tourist spot here in Boracay Island that almost most of this place they accept Bitcoin as an option to pay for the product they want to buy or buy .

Bitcoin for business is good, but in any case it's up to you. If you feel adopting bitcoin is profitable, then do it. But you also need to comply with government regulations wherever you are.

I'm quoting something that you might be good to know about: Bitcoin for Businesses (https://bitcoin.org/en/bitcoin-for-businesses)

If it was me then clearly would say "Bitcoin". Crypto is still very common and you have to learn to say clearly what form of payment is required if you want to accept it.

You have to pay attention to the level of sanity of buyers in your area, because if someone says they want to accept payments in bitcoin, but this is new in their area and not yet accepted, then the form is more to limit customers and the pattern you are doing will make your business decline. Business man people must be smart to see opportunities and we must be able to put something in its place, so that forcing them to accept is tantamount to sacrificing the business you run.

I also have a clothing store business in the area where I live, but so far I haven't implemented payment using bitcoin, because there are still many considerations that keep me from opening opportunities for payment using bitcoin and if one day I start doing it, the only thing I receive is bitcoin.

If you intend to accept crypto payments in your business preferably in the form of bitcoins, because historically bitcoin was more reliable as a safe hedge of assets in the long term and will one day benefit you.

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Note: If you push something out of place, it's not going to give you an advantage but trying to put it at risk. Bitcoin is good to invest in, but not necessarily convertable in business in certain areas. If you understand what I want to convey.

The use of cryptocurrency in a company will be disseminated through increasing adoption in each company, this can be ensured when they do it I think the payment options or salaries of people in the company will receive it in Crtpyocurrency currency, especially here we talk about Bitcoin, here not only those of you who support the power of Bitcoin payment options in every company, we are there to support this, but it's only a matter of time.


Most of the people who join cryptocurrencies either in forums or so on and especially for those who hold Bitcoin assets, want these payment options to be used in place, you are one of the lucky ones to be able to use them in payments for purchases at local merchants, I think this become an alternative to Bitcoin, and as a multifunction of its own Bitcoin.

Whether we've got businesses or none, as an individual I'd love to have more transactions in bitcoin as payments. And if I see merchants and business establishments that have that logo of what's accepted there. I'm getting there as long as it's close to my area and purchasing stuff there and paying them with bitcoin. It's a way to interact and support not just those businesses that I know who are also in bitcoin but that's helping the economy that we're in.

I think the regulations just have prevented you from adopting for more than any other reason.

When you start accepting bitcoin in your business, it means that you have made bitcoin your currency. You no longer need to think about volatility and its future potential in terms of price, because you have to convert back to fiat to keep your business going. You can keep your profits in bitcoin while you can withdraw your capital and supply your merchandise again.

Accepting cryptocurrency (bitcoin) depends on the country and the environment which the business is operating. If the country government against bitcoin and you are publically accepting bitcoin, if the government agencies or enemy neighbours report you the agencies, you might be arrested. And if the area of the business is not favourable, that is the people that know bitcoin are few or none then you cannot accept bitcoin. In my locality since when I started my banking agent business and in billboard I stated clearly that I accept bitcoin and for almost two years now I have not seen one person came there to do bitcoin transaction. So all depend on the environment or the location.

My country is not actually banning the use of bitcoin although it’s not completely accepted as an official currency. But if you decide to accept bitcoin payment in your business, you are free to do so. The government won’t have nothing to do about it. However, still most of the shops or stores here are majority accepting fiat payment, though some few ones are now slowly adopting bitcoin as a payment system.

Just trying to be honest and admit that someone like me accepting Bitcoin is very neglect-able in comparison, if tomorrow some franchise like MacDonald's started to accept it or some giant like Amazon started to do so, the impact would be out of discussion.