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I introduced Crypto payment to my farm some months ago when we were suffering from a NO CASH SYSTEM. During this period, there was a crisis with Nigeria currency as new naira note was introduced but this new note wasn't in circulation. This really affected alot of businesses as transaction was mostly done with bank transfer. Due to our bad banking system, sometimes most money transfer was delayed and this made business transaction to be abit difficult. With this, I thought of a solution and I came up with the use of crypto as part of my payment method. I decided to add crypto as part of my payment option on my flier.

This was done because of two main reason, which includes:
👉👉 Crypto are very fast when it comes to transfer. This will help to make my transaction fast therefore solving the bad Network system of some banks.
👉👉It will help to make people aware about crypto especially Bitcoin in my localty.

After the introduction of crypto, the no cash stuff ended and no purchase was made with crypto from me. I never give up, I keep advertising to people that I accept both fiat, BITCOIN and USDT as my payment options. With this people start asking me questions about crypto within the farm and was able to convince some into the crypto world. This has helped me to achieve my second aim of introducing crypto payment into my farming business.

Recently, a customer made a purchase with USDT. This was the first purchase made with crypto since the introduction of crypto as part of my payment option and this made me so happy as my long term aim was achieved. I'm also full of joy as my aim of introducing crypto into my farming business was fully achieve. I decided to share this post to encourage others with similar issue.

CONCLUSION
Never relent in anything you believe in. It may take sometimes for it to happen but if you believe and work towards it, it will definitely happen.

Could you give more details? I imagine he sent you the transaction through the blockchain. Or did he use LN?

The bad thing is that it is more expensive for the customer to send you a transaction in bitcoin through the blockchain than to pay you in cash or cards. Even if it is little, and lately the fees have gone up.

Haa, I'm so sorry. A typographical error was made there. It was USDT I intend to write. I've made the correct boss. I just added Bitcoin to my payment option but I'm still learning on which wallet is highly save for this purpose. I will be glad if you can direct me or give me more guide on this. Thanks


 

Well, it doesn't really change my argument. What I was saying is that someone who pays you in cash or with a debit or credit card is not going to pay extra, but if they pay you in Bitcoin or USDT they are going to have to pay fees to send you the transaction. So, I think for this reason it will not become a very popular means of payment, although in some cases, someone who has a lot of Bitcoin or USDT may prefer to pay you with them.

About guiding you, well, the only thing I recommend is to keep your Bitcoin and USDT in a Hardware Wallet, but other than that I can't think of much.

It is good to never quit on whatever we think that might help society. Bitcoin can help reduce stress in terms of Fiat network delays in some countries, like in Nigeria. Some banks don't have a strong network that can perform 100% for a few hours, but with the help of crypto currency (Bitcoin as number one) the stress can be reduced.
Anyway, you have done well to spread the awareness of Bitcoin in your locality. Moreover, it would be nice if you told us the type of business you do. Maybe we might need your services here ;) .
Most of us experienced that issue in Nigeria, and that redesign of the naira note helps Bitcoin to spread. People who have not used Bitcoin for the first time start using Bitcoin because transactions have been delayed and limited. The lightening network helps make Bitcoin transactions faster and unlimited.

This topic belongs more to the altcoin board because you are talking about USDT not bitcoin.

This is your topic title:


This is what you later post:


It is not your first sold with bitcoin, it is your first sold with a stable coin or altcoins or a cryptocurrency.

Have you use something like implement a system, to accept bitcoin or the payment made like for example, he will scan your QR code then sent in form of USDT or bitcoin, but how about the fee's, who will shoulder the fee's or its included on the payment transaction, that is also my argument, because they will be paying extra, if you add the fee's they might think that you are selling something more expensive than usual, and this might have negative thought about crypto as a whole.

You have done a great job by creating a means of keeping your business going by accepting Bitcoin and USDT as a medium of payment in your business and also sending a positive impact on Bitcoin. When the new naira was redesigned in Nigeria people found it difficult to withdraw money and received money in their bank account, even the Binance exchange gave up to 48 hours of going to appeal if users from Nigeria did not receive their money in their bank account in Binance P2P trading. I believe those newbies who managed to pay with Bitcoin or USDT in your business have seen the benefits of Bitcoin when the government is not there to help its citizens and they will want to learn more about Bitcoin in case something like this happens again.

OP, from your explanation it shows that you are accepting USDT and not bitcoin because you said that you don't know the right wallet to use. For this reason,you should move your topic to altcoin board. This board is only for bitcoin discussion and not any other cryptocurrency.

i appreciate your determination to promote bitcoin but you should first learn the best wallet to use and dont forget not to keep your coins in an exchange because they are in control of your keys.

It is not very clear to me what kind of transaction you are offering to the person in the place where you are. And another thing is that there are many people who do things like what you thought of doing in your community. Although the intention is good, you are introducing cryptocurrency from a different angle. Maybe I just need you to detail properly and completely why they will make a transaction with you in this matter that you are talking about. Continue to help others and at the same time help them; it's like a win-win solution without losing.

So what wallet you are using for your payment option when you received the usdt as payment. Or does it included in the terminal or device for payment? Not sure how it works on establishment or does an owner need a personal wallet for this or a machine has built in system for crypto payment. But some here on our country are using their own wallet to accept payment.

Well, it's good that you have to accept crypto payments as a means of payment in your business, but if you want to create Bitcoin awareness among people while you are also accepting payments in Bitcoin, I think you should just be clear in your decision. You said you started accepting crypto which I think it should be "started accepting Bitcoin payment." If your business has started accepting crypto payments, does that mean that even if I come to your shop and decide to pay you with XRP, ADA, or perhaps some new altcoins, you will accept them? In my shop, I accept Bitcoin payments, and my notice is only for Bitcoin payments, but I have also received BUSD and USDt payments based on requests the customer made. Someone can come to your shop and say they have some shitcoins they want to pay you with and buy your goods, but if you decline, they will ask why you then gave notice that you accept crypto payments, you should be specific.

What are the goods and services you offer? because it is not clear from your story what products you offer for your customers to buy in your area. But you did a really good job. The only problem I see is that you seem to be the only person who is a little aware of Bitcoin or cryptocurrency, so it seems that it will be difficult to establish crypto users in the community you are in. I hope you also have a marketing strategy that can pique their interest in using crypto as a payment option.

I think this depends on the industry a bit as well. In an industry that is unrelated to crypto as a whole, I do not see what OP was selling, but like if you are selling apples obviously you are not going to sell it for crypto, farming stuff I mean, that doesn't mean he was selling that, I mean macbook would be hard too.

However, what do you think people sell crypto trading bots with? Fiat? Of course not, they sell it for crypto almost exclusively, and that means depending on the product you are selling, crypto is normal sometimes and it doesn't really feel that different. I think it should be an important case to make and shouldn't really bother anyone about it neither, it could definitely be something good.

Yeah, faster if you use some other coins but not bitcoin. Most bitcoin transaction takes on average 10 minutes for a single confirmation. Since, I guess the amount isn't high, you wait for one confirmation or more? Or do you accept the payments without network confirmation (as long as you see they have paid enough fees of course)? But don't you go back to FIAT after selling something in bitcoin? I mean, don't you sell the crypto later so you can pay the bills and purchase necessary things for your business since I am almost pretty much sure you won't be able to use crypto. In this case, aren't you back facing the same issue with your local currency and banks?

That's wonderful! You have the option to utilize Polygon USDT, which imposes minimal transaction fees. When comparing transaction costs, Bitcoin appears to be a more expensive alternative than USDT. What's particularly noteworthy is that we receive cryptocurrency payments promptly, in contrast to the time it takes for bank transactions. I must say, your exceptional use of cryptocurrency in your country and your efforts to inspire others to embrace crypto are truly commendable achievements.

Success is never achieved in an instant. It may take some time but I know the result will be worth the wait. There will be less people at first who will embrace crypto but eventually it will become a hit in your country if you never stop from promoting it. Hopefully more customers will be interested to know about crypto and how it can be an edge when it comes to payment system. However, despite of the positive response you made out from crypto, still never stop from accepting fiat because if these crypto users will suddenly be out in the market, at least you still have customers left using fiat.

When you say that you accept BTC as a medium of exchange for your trades, I think that this will result in higher prices for your customers than they should. Likewise with Bitcoin's volatility. I want to explain that but when you say that you have done transactions with USDT, I think that is the right thing that you did. In the future, if you want to transact with crypto, I suggest you use stable coins such as USDT or USDC. It's more profitable for you and your customers.

Indeed, we cannot jist force things out. As much as we want Bitcoin to be used as a mode of payment, that seems can't be especially with its current 'state'. Fees are still high and market price is still volatile and these factors would make you hesitate to do so, and that's just normal. For now stablecoins would be better with daily transactions if circumstances won't prohibit you in your area. Bitcoin and orher decentralized cryptos are being used with huge transactions 'coz in such way, paying extra would be fine in exchange for anonymity and avoidance with taxes. Many people are aware of this industry already but not everyone would be too eager to face losses and some disadvantages in exchange for vision for this industry. It will all take time so let us be patient.

Of what need it is to pay with cryptocurrency that incure higher fees when I can make to same payment with zero fees with my debit or credits cards,  Bitcoin is not a networking investment that need you to invite people but Bitcoin/cryptocurrencies are for convenienceses and that is why their referred to at an alternative currencies.


And from your explanations it then means the customer covers the fees of sending the payment,  do you make Bitcoin payment optional?


Or do you give some form of discount to those that pay you with Bitcoin,  USDT or other crypts?

In this case, is the fee borne by the customer or is the price you sell reduced in this case? Because I think if this is only buying one or two items, it will be a little inconvenient because the fee must be quite confiscating so the price will be different in this case.
Even if it's a good thing to do, the customer must realize that if in the end there is a cheaper fiat then they will definitely consider it unless you reduce the price because the fee is still possible to be a good alternative.

that's the dilemma of most customers. of course, they will still prefer the payment method which will give them more advantage, like less fees or what is convenient for them at the time of payment. unless, you are already a crypto user, you already know the strategies on how to pay crypto and incur cheaper fees. like paying USDT via Tron network. the OP didn't mention what network of USDT did his customer use to pay for him though. but if there's availability of using crypto as payment method, there will always be some who will get curious about it and ask. who knows, right?

There must be clarity from the beginning before making payments through crypto because at the end of the day, apart from convenience, in business of course we realize that price is also important.

When using crypto for payment will be more expensive (from transaction fees) then in this case surely the customer will also back off and will be better off buying with fiat in this case so for sellers must also be aware that even though this is a good alternative but there must be some consideration about this because buyers will definitely want convenience in payment as well as a price that is commensurate with what they get in the purchase.

As much as we'd like Bitcoin to be the primary crypto payment route for your customers, the current cost of transaction fee will result in an overall bad experience for your customers. Even USDT on Tron blockchain also has some fees that can be significant for your customers. Let me give a simple scenerio:

The cost of withdrawing 5K NGN used for payment of goods and services is around 100 NGN. they can buy goods and services at no additional cost.

For crypto, USDT on Tron blockchain to be precise, I think it cost > $1 right now which is around 930 NGN. Your customers are losing value in this instance.

Your best play now is to come up with cheap alternatives for customers to use in order to pay with crypto:
- Bitcoin LN transactions for customers that still want Bitcoin.
- You accept transfer of any altcoins as long as it is  easily tradable on the market. Chains like Polygon and BNB. You should do your research on this.

Congratulations on your first sale in cryptocurrency.  In business deals, patience is always a virtue.  The hardest sales is always the first one but once met, the bottleneck will be removed because all the confusions and hesitation is removed by that first sale.  

I hope you can gain more customers that paid in BTC or USDT.



Price is always important in sales, so it should be competitive so that customers will find the price reasonable and be enticed to buy in the store.  As for the cryptocurrency payment, the seller can always adjust his mark up to compensate for the expensive tx fee( if it is really expensive)  The owner can create promos like buy x tak y when paying is cryptocurrency which can trigger bulk buy.  This way, the customer won't mind if the tx fee is a bit above the normal price since he is still in a gain due to the discounted price of the items.

This is what you have to think about if you really want to receive payments so that if it is difficult to minimize transaction costs then this is also annoying so it would be better if in the end you still want the option of paying via crypto then bitcoin is a good thing as the main means of payment in crypto.
When looking at payments like what the OP said for USDT, this is actually still possible, but again the fee could be more expensive if buyers who are beginners don't understand the options and immediately use USDT.

On the other hand, price clearly has an influence and I understand that, and the fee is not that important if the purchase is large enough, but as I said before, if you only buy 1 or 2, this will be a bit of a hassle and detrimental to the buyer if the seller doesn't adjust the price.

I tried using polygon USDT once because I know that the main chain of USDT which was Ethereum is a bit costly. Transaction speed are also a bit slow. Apart from it, there is also Tron USDT which is also a great alternative to ETH USDT but I think it's a bit slower than in Polygon and it's fees are a bit higher than it because it wasn't new anymore and many people are already using it.

Maybe the same faith awaits for Polygon but we shall not worry as experts are going to find another alternative again. Bitcoin on the other hand is indeed the same as ETH in terms of being currency but it's only advantage is that it is decentralized and much more secure. Many people still use Bitcoin as a currency means so we shouldn't hesitate to add it as one of our payment options.

Sometimes slow progress is the key to reaching your goal as long as you are committed to it and you have all things planned along the process because that's how every big thing starts like the mountains consisting of pebbles. The key is not stopping until you finally get where you want to be. that's how things work when you want to promote cryptocurrencies in your community, especially bitcoins, you need to be packed with the answers to their questions that's why you need to be ready for it before making any moves. But considering the fact you planned all of it before doing it, is the best thing to do for your business.

Not really bad but after several months of introducing crypto as a mode of payment which you only got once, I thought that even though crypto has been known globally, still only a few people make use of it as a currency while the majority consider this as an investment. For me, it was not a success already, yet it was an indication that the people around you were not innocent about crypto at least someone had tried doing it.
I'd see that it was not the fees, the fast transactions but it was how the people were more comfortable using fiat money than using digital currencies like crypto.

That's right, when you truly believe to what you're doing and what you have invested then don't stop believing in it. I've been through and done that despite many people have been backlashing and bashing me with what I believe especially in holding and buying bitcoin.
They made fun of me and I thought that I am with them but behind me, they're attacking me and I was the topic of their talks as if I am a crazy person that don't know what I am doing just because I am an investor of Bitcoin. But it's okay, most of them are still on their kind of living that keeps on gossiping people's lives and then nothing changed at all, I just pity them.

Ignore the noise and just focus on your personal goal, in time you’ll realize how worth it is this.
The market is full of hype and fake news, and if you don’t know how to spot a real project to a fake one then you might believe on that especially about the offer being too good to be true. There are cases where you need to analyze, and this is for your own sake before you invest. This market offers a lot of opportunity, take it slowly but surely.

Firstly, Really so sorry to hear about the problem in this country, hopefully, everything will run much better again from now and later. And I believe that most of society can face this very well, moreover, many of them are now also connected to the crypto utility. Hopefully, this will really help much for them.

With this situation, in fact, crypto is very useful for anyone who wants to really understand it and make use of it. As long as they are willing to prepare themselves by studying crypto and its activities, this will really help them for a better life. This is not a promise, but it will go well along with the efforts they are making, it's not something instant. Crypto is here for anyone and anywhere. As long as someone really wants to understand it well and wisely, then crypto can be one way to at least help them continue to earn a living, increasing their standard of living to make it more decent. An economic crisis is not an easy thing to get through, and crypto is here as one way to help deal with this crisis. Yes, not only do they take place quickly, crypto transactions, especially Bitcoin, can also be used globally more quickly.

For sure you are very happy when someone does this. You know even how small your business is, as long you are happy with it, it's fine plus if you can see the innovation you want to happen, like using cryptocurrencies. Because in this kind of small act, it will help the community of cryptocurrency to advertise cryptocurrency to other people.

Well done OP and especially for your patience, I salute that. It's not every day you will hear people's stories like this. I hope you will keep up that optimistic point of view. It's true, it may take some time because there will be realization on the other end of the line. We cannot force people into using cryptocurrencies as their payment option but we could leave them the message that it can be done. And now, that you have proven it, might as well frame that first transaction to remind you about the first purchase that was done on your farm. Who knows, maybe someday you cannot even count all the transaction in your hands and I wish that will happen in the future. Good luck.

Not just the market but also the people that are surrounding you, you may even can't take what they're telling to you and most of them will say to just give it up as there's no chance for you to prosper on this market so they do. Don't listen to the people that are not even on this market, we do get this a lot of discouragement plus all of those noises that we're hearing and seeing the bad news almost everyday. They're all discouragement that wanting small investors to sell so that they'll take those cheap coins in the market and they'll be the one who will have the final laugh because they've taken it on a huge discount. This market doesn't choose any people but we should be meticulous with our moves as the market removes those weak hearted ones. It is a market that's cruel whether you're new, old or just a speculator, we're the ones to experience its cruelty.

Congratulations.
At least this is a good start, although perhaps the number of users or buyers who use cryptocurrency is very small, or in this case only one. However, it could be that this is a better step forward and more people will use it. Introducing crypto to new people, especially in rural areas with their conditions, may not be easy. But if someone has benefited from it, not only as a transaction tool but also from trading or investing, this can open up opportunities for other people to become curious first.

Sometimes, good news from one person to another can really help spread the positive trend of cryptocurrency. But of course, in the future, there is still a long way to go and this may not always be easy for you. continue to be passionate about spreading crypto with the aim of helping citizens there to be better at using crypto, especially regarding the financial conditions of the citizens and their country.

The long term profit method works this way. You may not make a profit tomorrow, but you could grow, one sale in 3 months now, one sale per month after a year, one sale per two weeks a year after that, and one sale per week after a while which could lead to just one sale a day or even more after a decade.

You need to establish your business as a place that accepts bitcoin and wait to see people realizing you offer that for a while, and the more time you spend like that the more people will know about that option and gradually some of them will start to use it. I believe that this is a long term method because it will not happen overnight, but if you give it enough time then it is going to get bigger and bigger eventually.

Congratulations on your successful crypto journey and your first sale with USDT in your farming business! Your story is inspiring and showcases the benefits of embracing cryptocurrencies in solving real-world problems. It's clear that crypto payments have not only streamlined your transactions but have also raised awareness about cryptocurrencies in your local community.

Your determination and persistence have paid off, and your experience can serve as a valuable lesson for others facing similar challenges. The key takeaway here is to believe in your ideas and keep working towards your goals, even if it takes time. Your success story is a testament to the power of innovation and adaptability in the face of challenges.