Bitcoin Forum

As Entrepreneurs we get into various business transactions. And consideration must be considered. Having the characteristics of money especially paper money, what's stopping you from accepting Bitcoin for your business transactions?

Let me speak for most according to my observations
1. Ignorance about Bitcoin
2. Demonization of Bitcoin by their Governments and Central banks. Some countries still deem Bitcoin as illegal.
3. Some of them feel or think that the process using or carrying out Bitcoin transactions is too technical for a layman
4. Yes we are in 2025 but some business lack the infrastructure to accept online payments. Shocking, innit?

You can agree with me that not everyone understands how to make use of bitcoin, they can't just implement on what they have lesser idea about, instead they may have to wait and see how others would have gone far in using bitcoin for their businesses a d the results gotten before taking their own step forward in the same direction, but despite all, I still like the way we have been having improvements as the numbers increases with using bitcoin as payment currency from different businesses.

The main reason is that Bitcoin is still not accepted or legalized as an alternative means of payment. Some countries still prohibit Bitcoin, some do not have issues with owning Bitcoin, but do not allow its use as a means of payment.
If countries legalize the use of Bitcoin for transactions, I am sure that the number of people choosing to use Bitcoin over fiat for their businesses will increase, especially those who are constrained by distance and currency differences.

I believe our opinions on accepting new technologies are often based more on our environment than on our own understanding. Let me explain: when you own any business, you must evaluate your legal and technological infrastructure, not just your personal desire to accept payments.

What would you do, for example, if you lived in Mexico and a client offered to pay you in Yuan? You wouldn't accept them. The same situation applies if you lived in Denmark.

The issue isn't always about the asset itself or the flexibility of individuals; it's about the technological and legal infrastructure of each country. In other words, you can't simply pay with gold or Yuan at a Walmart, precisely because those businesses don't have the systems to be flexible with my Yuan or British pounds.

I am not a business man in the sense that I don't have an online or offline store where I sell stuff but I am a business man on the sense that I sell my services to people via the skill I can offer and ofcourse I do accept Bitcoin as a medium of payment.
I think for even Crypto-currency enthusiasts out their the situation of adoption or Falling out with the government are the reason why they haven't openly made Bitcoin a means of payment for themselves.

For my business, I am and will always be very willing to accept payment for my goods and services in bitcoin but unfortunately, the number of persons who will be willing to spend their bitcoin on purchases are very low, I mean low to the nearest minimum, and this is possibly because the majority of those who hold bitcoin treat it as an investment, which ideally is very understandable if you ask me judging from how fast the price can change from time to time.

Personally, I also hold some bitcoins but the truth is that I still prefer to spend fiat when ever I want to buy something even from a store where I know they accept bitcoin, alot of times I still prefer to exchange some bitcoins to fiat and buy with the fiat whatever I want to buy instead of spending the bitcoin directly, this is perhaps because fiat is faster for local transactions since we don't have to wait for transaction confirmation on any blockchain, but when it comes to international transaction where money has to be sent to another country, bitcoin is definitely the most preferred for me.

What is stopping most people especially the business class from accepting Bitcoin for their business transactions is due to themselves because this has to do with personal enlightenement and growth which is greatly affected by your level of exposure just as you have said in this 2025 there are still business that don't have online payments channels for their business, so in such cases you don't expect such people to do business with Bitcoin or even make payments or accept payments via Bitcoin

First and foremost it is about the kind of market you are selling and kind of patronizes you deal with.

If you are dealing with local patronizes, including Bitcoin in payment options is useless, the only way Bitcoin can be used is dealing with a more civilized kind of patronizes, more on international trades which i consider the best people Bitcoin payment option should be directed towards.

It all depends on the situation. I won't deny working with anyone who wishes to pay me in Bitcoin whatsoever. Campaigns here do a lot of such things already. If you're in this forum and belong to any of the signature campaigns, you will understand me better. I think the first time I ever got the opportunity to receive payments in bitcoin was when I came to this forum and I will say it is one of the rare opportunities for me. What I'm saying in essence is, whenever an opportunity provides himself for you to be payed in bitcoin you should not or will not say no to it

Biggest hurdle is regulation, as always.
Don't wanna do overcomplicated taxes report because it can add up to the expenses, there should be middlemen for this kind of thing that offers solution to a problem but so far there's none.

If in the future there's chance for me to bootstrap a business, I hope I can accept bitcoin while waiting for the governments to simplify the regulation and make things very clear.

Public acceptance of bitcoin is low and we lack the equipment necessary to make quick bitcoin payments, POS machines and apps to simplify the process. But I can foresee a future where this will become robust and functional.

Also governments are making the negaruve stance on bitcoin from dark even though it has improved by now.

Regulations and taxation come after that.

It is true that the government is one of the barriers that prevents businesses from accepting bitcoin and prevents people from using bitcoin as a payment method. But it is also uncertain that if the government legalizes the use of bitcoin as a payment method, people will increasingly use it instead of fiat.

Like in El Salvador, bitcoin was even legal tender many years ago. But according to many reports, people there do not like to use bitcoin as a currency and for their daily payments, they still prefer to use USD.
That shows that governments are not the biggest barrier preventing bitcoin from becoming a popular payment method.

This is also the reason that I can see why there is lack of interest of bitcoin adoption in my country. There is the stigma among the people here that bitcoin is used by criminals.

It's discouraging to use bitcoin in public if that is how people view the cryptocurrency.

Most people don’t understand that Bitcoin is money , digital cash. They think it’s unstable and volatile, and that it’s only for speculation. buy low, sell high. Many believe it’s just a payment network, blockchain, crypto, or even a stock. They completely miss the point that Bitcoin is a monetary system and money. Most people don’t even understand inflation or how fiat currencies work, so they assume fiat is stable while Bitcoin is unstable.That volatility of Bitcoin’s price against fiat currencies discourages and scares many. But once you go deeper down the rabbit hole, you realize that Bitcoin is actually a much more stable form of money than fiat currencies, which are inherently insecure, volatile, inflationary, and constantly losing value.

It will take quite some time for people to realize that Bitcoin grows long-term against the dollar and other fiat currencies, and that it will not collapse. Once people understand that Bitcoin is a reliable store of value, they will want to use it as a medium of exchange. Every form of money must first prove itself as a store of value, only then can it become a medium of exchange, and finally a unit of account.

That's just strange, imo, I mean, this stigma - fiat is used all the time for that, yet it is still being used by many and is not punished for doing so.

Businesses would have to carry out periodic investigations to ascertain the needs of customers. If an entrepreneur discovers that some of his clients want a payment alternative like using crypto, then such provisions should be made. Bitcoin awareness and use are very low in my location, therefore, there is no need to consider Bitcoin as an option for financial transactions. Maybe in the future the situation might change.     

When more people would know where the future lies - most likely, they would look at BTC differently.

Many locations out there don't see BTC for it is, the best alternative there is for fiat and something whose value is going to stay there, and I do hope this will change little by little..

If the requirement and regulation are hard to met, I won't accept Bitcoin.

We're talking about business, something that we build with profit as our orientation. If it's not bring a worthy money with the effort we spent, better to stop it. That's why many businessmen choose to end their business if the reward aren't worth with the effort they spent.

Bitcoin is a good payment option if the business is primary online and world wide users.

The main factor from hinders accepting Bitcoin for business transactions is local government regulations, because I believe that in any country we come from, there must be some kind of regulation for a business or company, and one of the problems is related to permission to use Bitcoin as a legal means of payment, if someone tries to force themselves to do so, then there is a possibility that they will be subject to certain sanctions (this is the case in my country). Personally, I am one of the many people who have a business in my country, and the thing I mentioned is the problem, and as far as I know no one has dared to accept Bitcoin for business here (because of the potential sanctions), even though there are so many people who are already familiar with Bitcoin, but everything is hampered as long as Bitcoin has not become a legal tender.

It depends on your business size that if is big enough, would be more easily to accept bitcoins as your company won't have big issue with money flow and store bitcoins received from customers or business partners as your company treasury as well as fees in Bitcoin transactions later.

The Bitcoin mempools have been so better recent months and transaction fees on chain were much cheaper than in the past years so it opens more chance for accepting Bitcoin.

Bitcoin is very helpful for any company that consider using part of their business revenue as long term investment in Bitcoin.
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3y

Much depends on the expenses required to run a business. Unfortunately, not all companies currently accept bitcoin payments, and in addition to savings, working capital is also necessary. If part of the funds needs to be reinvested into operational activities, then paying in bitcoin is not the most convenient option. This, of course, applies more to production and procurement.

In business, profit is the main goal, so what benefits and profits will accepting bitcoin bring to our business?

So, it will depend on the size of the business, the business model. There is no need to accept Bitcoin even if the government has legalized it if our business only sells simple, small items and the customers are only locals. They are not inclined to use bitcoin for payments, or do not want to spend their bitcoins.


Conversely, if our business is a multinational and regularly conducts online transactions, we may consider accepting bitcoin if it can save costs and time.

Acceptance by the government of the use of Bitcoin in payment. If they don't allow citizens to use it, I can not break it because that could risk me being confronted with their law. Legalization is important to Bitcoin because the government will not agree to something that they can not control.

I don't use Bitcoin for transactions and only hodl it. But I sell some  portion and make a profit from Bitcoin. I think that is the best thing that I can do now while waiting for their next regulation related to Bitcoin. Besides that, many people in my country still don't know much about Bitcoin and how to use it.

We can use Bitcoin for day to day transactions only if government has legalised it's use in the country. Right now not many countries have legalised use of bitcoin, that's we have low rate of Bitcoin adoption around the world. Moreover we have also seen that how Bitcoin price has gone up since it's launch. Bitcoin price started it's journey from zero dollar and in 15 years it managed to make it to 124k, that's why majority are hodling it rather then using it for day to day transactions.   

Maybe people would be inclined if they got some more cashback / privileges to use BTC, because otherwise, it would probably be better in some cases, but all the people would know what fiat is and how it does things, then why is BTC there..

The majority understand Bitcoin and know it is good for business, but the reason they haven't adopted Bitcoin as a method of payment is because the government hasn't declared acceptance of Bitcoin. Some business people may be accepting Bitcoin from a few individuals, but this is at a low level, and they wouldn't want to make it public.

So, it is because of the government that Bitcoin is not leading as a major payment option. It is difficult to adopt Bitcoin for payment in business because in places where Bitcoin is not fully adopted, the government sees it as a threat.

Agreed.

As for now, in many places, BTC would be seen as going into the grey zone, which the govs wouldn't like, and would probably see it as a casus belli to look into your finances more thoroughly.

The acceptance as per area where we at is one of the reasons why many merchants don't accept it yet. Maybe on special occasions that they are accepting it if a customer voluntarily asks them to get paid in Bitcoin. But we're already going there, more and more merchants we see them accepting Bitcoin to their businesses and so, they can also have it as a holdings. Some of those that are accepting it doesn't mind getting paid with it because they'll convert it asap through a third party.

Usually if individual merchants do it, they do it without the gov having its share of the pie in the matter, and that's what may bug them off.

For that reason BTC should be regulated to be an alternative to be used, not some asset that everybody just has - but can use too.

In my country they have left some "unclear" laws about the argument.
Just few tax attorney are able to comply with such regulations (and I guess they are trying to be over compliant because everything is "in doubt")
In any case, excluding just specific purchases, I have seen rarely people trying to pay with bitcoin.
You can just exchange for cash... it's much easier and even cheaper. Many years ago, I tried to buy a second hand car but they charged +20% if paying directly with bitcoin.
After my laughs I pay with Fiat ;)

And they are not willing to do it because for them, it's going to invade what the attributes the government has like in its traditional assets and investments. While citizens are open and welcoming to it but not them. We would and have been flexible into its adoption, whether we receive pay or we pay using Bitcoins. We're very flexible and we're into both of it.

They would want to have their shares in it, if even allow it at all - and if they would go for the path where our BTCs turn back to fiat while we use it, it would be not worth it at all.

It doesn't have to be regulated but what government needs to regulate are the exchanges themselves. And that's why the other people that are still skeptic of Bitcoin is because with government's hand on it, making it look like something bad. And we cannot force everyone to use it because for as long as it's been used as an asset nowadays, many will also do the same thing because they see the bigger value from it.

I believe most people understand that bitcoin is money, it is peer to peer currency but they don't want to use it that way. Because frankly, using bitcoin as a currency doesn't offer any greater benefits than using it as an investment. So don't assume that the crowd just wants to invest in bitcoin and not use it as a currency because they don't understand it.

It's been over 16 years and more and more people are losing interest or newbies don't know the original purpose of Bitcoin. So I think bitcoin cannot become a currency one day.

They understand it wrongly if they want to have shares in it. What they should do is to acquire it on their own having their own budget. Because that's how it goes and most of them will enjoy the profits if they'll continue to accumulate and have nothing to do but wait. It will be worth it for them by simply understanding how its charts went from zero to hero for the past decade and if that won't motivate them, I don't know anything about them anymore.

Exactly, that is what some people that don't understand Bitcoin. They think is another method of getting money thy didn't know that you can make transactions with it that is why knowledge is the key to success. And some people that know bitcoin is used for transactions they can't do it because the country don't accept Bitcoin transactions in the country and businesses people don't accept it that is why he usually difficult for people to know value of bitcoin.

When you understand Bitcoin very well you will wish that all country to accept it and make things easier, but many government believe that when anytime they accept Bitcoin, paper money won't have any value anymore because Bitcoin will overtake them up, and local bank won't function like before anymore. everyone will turn to Bitcoin transactions and savings there funds in the wallet, anytime they have the used they will just run transactions with it, but he will always be difficult for all country to accept Bitcoin because the government doesn't have rights to control it. and that is what will be savings Bitcoin because if people are controlling it as how Paper money is. he will definitely reduce value. But I just get believe that one day Bitcoin will be the best in every country.

One reason is government's restrictions. Bitcoin is not officially recognised as a means of payment in my country, it is not a legal tender and does not have the support of the government. Infact, government officials see bitcoiners as suspects. As a business person, I can't make anyone pay me in bitcoin except they are willing to make payments in bitcoin. But who would want to patronize me, paying bitcoin for what they buy when the few bitcoiners around see it as an investment as not as money? The thought of this does not encourage me to make bitcoin a payment option.

Another reason is how knowledgeable people around me are about Bitcoin. Only few persons understand what Bitcoin is and how to use it. No matter how hard I try, bitcoin will not be a preferred choice for people who want to make payments.

I think most people do not want to hassle with new technology. That is like 99% of all the reasons most people have when it comes to the question of why they continue using fiat vs cryptocurrency. Both the business owners as well as the customers are reluctant to leave behind an old system just because they have gotten used to it in time. The newer generation business owners which we will see in the coming years might think differently on this matter. But I doubt we can convince most of the old generation.

The issues you raised are very real and relatable especially for people in rural regions with limited access to internet. Some of these business owners the areas I mentioned don't even believe in Bitcoin is existence. To them, it is an illusion that has no physical backing (like gold or land), so they call it imaginary money that can disappear to thin air which is why they don't wanna adopt it.

As a freelancer, accepting money in Bitcoin haven't been my problem, infact, I prefer being paid in Bitcoin than in fiat. That said, I think it's important that we continue to sensitize as many people as possible about Bitcoin so they'll also join in adopting it.

1. Payment Setup (needs additional expenses for this)
2. Clients/customer (possibly no enough customer using Bitcoin as payment option)
3. Knowledge about Bitcoin ( Lack of knowledge on implementing payment gateway)
4. Fear (fear of messing up the security settings of the payment gateway)

Most people believe in not reinventing the wheel if it is not broken, although the monetary system has lots of flaws, many merchants believe that it is not broken in terms of the payment system so they want to stick with the system that is already proven rather than implementing a new payment option that is new to their knowledge. 

Unfortunately, it's true.

But those grabbing new opportunities first are usually the first to get the biggest results from it ;)

For me the idea of adopting Bitcoin comes down to practicality. I really like its flexibility, fast cross-border payments, no middleman fees like with banks and it opens doors to a global customer base. But at the same time the volatility is the main factor that gives me pause. If I accept Bitcoin today, the value could swing up or down tomorrow before I even convert it and that can affect margins. I think the best approach is balance, accept Bitcoin but use payment processors or stablecoin conversions to manage risk. That way I don’t miss out on customers who prefer crypto while still protecting the business from sudden price drops.

There's no need to worry about volatility because you can use multiple Payment Gateway platforms for crypto that can auto convert directly to your desired stablecoin or fiat.

Some of the best Crypto Payment gateways today include
- Coinbase Commerce
- BitPay
- NOWPayments
- CoinsPaid
- PayPal

Actually, there are many more, but what is still common, and I know that's all,
About the Flexibility of Bitcoin or crypto can be overcome well using the Payment Gateway Platform for faster, flexible payments and Auto convert to fiat.

The reason why some business owners are not accepting Bitcoin as a means of exchange is because of how volatile Bitcoin is in nature, Bitcoin price changes every minute and so some business owners are always scared of accepting Bitcoin, and since is for business purpose if Bitcoin falls and you have money in Bitcoin the money will fall too and it will really affect your business.
However the best way to accept Bitcoin in your Business and still don't have problem with Bitcoin volatile nature is by converting any Bitcoin you receive into USDT, but if you are too busy to be converting always then look for exchange that permit automatic convert to USDT so that as soon as your customer send you the Bitcoin and it enters your account it will be automatically converted to USDT and it will be save there you won't have to fear volatility anymore, I saw a post in my local board where a business man is already using this strategy to accept Bitcoin from his customer in other to avoid Bitcoin volatility.

I guess the biggest hinderess for the Bitcoin to be used in the place of the fiat currency and for the business transactions is the lack of support by most of the governments around the world.

If the business start accepting crypto and Bitcoin especially in the countries where the crypto legal status is a unknown than the government officials will have all the authority to crack down the businesses and those entrepreneurships and the businessman do not take such risks and they stick to the traditional payment methods.

That is not really a good reason though. I mean I get not wanting to, that is totally understandable, there are tens of currencies around the world, probably more than a hundred, and yet I would accept only 4 or 5 of them and one of them is bitcoin for me but that still means there are currencies I do not accept.

Volatility is a terrible reason because if you do want to offer that, but only not do that due to fear of volatility, then there are many websites and business' that allows you to cash that out instantly. Sure you are charged for that, but you take bitcoin, and suddenly you have fiat in your account instead. That way the other person gets to pay with bitcoin to you, but you do not have to accept bitcoin as payment.

A businessman always wants to make all his calculations clear. His businessmen never hold their money, they use the money they get from selling products to supply new products. That means businessmen always roll over their own money. Meanwhile, Bitcoin is a volatile currency, so its price can go down or up at any time, and the price of their products is not very high, so they make a very limited profit from each of their single products. And here, if the price of Bitcoin decreases by taking Bitcoin as payment, then they will lose from there. So overall, no businessmen are able to take this risk so far. Again, Bitcoin is still illegal in many countries, so they cannot involve Bitcoin in their business even if they want to. In all, so far the whole world is not able to add Bitcoin to the business as an alternative to cash money.

I have already seen a post on how you can accept Bitcoin for business and it has been mentioned step by step. To reduce the volatility of Bitcoin you can use an exchanger to automatically convert it to a stable currency and convert it to fiat. If you want to accept Bitcoin payments for the purpose of holding Bitcoin then forget about the volatility of the market.

You can read this post or browse the entire thread-  Bitcoin payments in an online store (https://bitcointalk.org/index.php?topic=5550791.msg65597692#msg65597692)

Unless cryptocurrencies become worthless and useless, in my case, nothing will stop me from accepting Bitcoin as payment for my services. It's actually what I receive most, along with stablecoins and other altcoins. Bitcoin payments are part of my daily routine as an entrepreneur. But I know that not all businesses are preparing for this, and it's difficult to have more assertive accounting with cryptocurrencies, as their price can fluctuate rapidly due to their volatility. Thus, the traditional payment method still prevails.

Well, we have the same problem. Here, Bitcoin is also illegal to use as a payment tool. We only can use the Bitcoin as the digital asset (investment). As long as there is no change in this regulation, there is no chance to adopt Bitcoin for our business transactions. If we force to use Bitcoin as payment purpose, we will get in trouble. We possibly go to the jail, or we are ordered to pay for the fine. This also ruins the popularity of Bitcoin if we break the regulation.

Exactly. If it happens, there will be massive adoption to use Bitcoin for payment purposes. I think this may happen in the future since more countries become more friendly with Bitcoin. We just need to be patient for now. Just obey the regulation and wait for the change on the policy of our countries! This is the best way to do nowadays.

It's legality status of Bitcoin and its use cases in a nation that can be legal, ilegal or alegal.

The magic fact is with Bitcoin blockchain and a non-custodial wallet as well as Tor connection, you can use your bitcoins without engagement and need of approval from any centralized entity. Government even don't know what you do too but surely if Bitcoin and a use case are illegal in your nation, you must learn more, become more knowledgeable about Bitcoin blockchain, wallets, and how to practice with UTXOs, in order to make sure that your practice will not lead you to big legal troubles.

Bitcoin surely has the qualities of money, but businesses hesitate mainly due to volatility, legal uncertainty, and high fees during congestion. Still, many use it as an optional payment method. With wider adoption and better technology, it could become much more practical in daily business.

This is about regulations for businesses and entrepreneurs. Yes I know that in countries that prohibit Bitcoin use, they (Bitcoin users) can still receive and send Bitcoin. However for businesses and companies, they will be monitored by the government. If the local government does not allow the use of Bitcoin as legal tender for their business, they must comply. Violations can result in sanctions or even bankruptcy, as the government is ruthless.
The bottom line is regulation.

The reason why people or entrepreneurs are not accepting bitcoin in their business transaction is because, bitcoin has not been approved as a legal tender, if one particular person accept bitcoin, other people might not accept it.Besides not every business person knows about bitcoin and how it works, you can not accept what you don't have the knowledge on how it works.Furthermore , people who will accept bitcoin for their daily transaction should accept it as a store of value , otherwise because of bitcoin volatility, an entrepreneur or a business man who accept bitcoin for daily transaction may end up loosing some money within a short period of time because of it's volatility.

Good for you if you are going to accept it, but as you have said, there are more reasons not to accept, even if you know Bitcoin in general, as a business owner at some point you will have to sell your Bitcoin.

But what if that time, Bitcoin goes down, so you lose the profit in their business already. Maybe as the POS you might want to convert it to local fiat to make it a sound money and not hold enough, it might be really fine for your business. But the risk is still there that it might go up and down, thus it might not be good for business owners in the long run, just saying.

Jubilee58 you are correct, a lot of countries has not approved Bitcoin as a legal tender and so because of that accepting Bitcoin in your business becomes very difficult some countries have not even accepted bitcoin so even accepting Bitcoin in some country is illegal, countries that accepting Bitcoin in their business will be easy is those countries that are already accepting bitcoin as a legal tender, and again volatile nature of Bitcoin will always make it difficult for business owners to accept Bitcoin as a means of exchange.
Jubilee58 you are correct that business owner that wants to accept Bitcoin if should accept it as a store of value not for running day to day business and transaction because if they don't they will end up losing money and there business we collapse because bitcoin is highly volatile.

Regulations prevent many businesses from accepting Bitcoin. Governments restrict merchants from accepting Bitcoin, encouraging people to use only paper money or e-wallets for their transactions.

This is why more businesses don't accept Bitcoin due to overly strict regulations, which restrict their ability to freely choose their payment options. If Bitcoin were allowed, I think many businesses would try to accept it.

Regulations have changed from ignoring Bitcoin and ecosystem around it, considering it as illegal to alegal or legal, to better legality status and adoption on Bitcoin but together with this legal acceptance growth, there are more and stricter regulations.

It allows more business to accept Bitcoin legally and brings more people to Bitcoin ecosystem, and honestly, I don't think regulations are too bad for Bitcoin adoption. There is side effect as with more and stricter regulations, KYC is applied on more platforms but if you understand about Bitcoin blockchain, how to use UTXOs for inputs and outputs of your transactions, and basics of privacy, you can still achieve good privacy and anonymity.

Bitcoin privacy resources. (https://www.lopp.net/bitcoin-information/privacy.html)
Bitcoin privacy guides. (https://bitcoiner.guide/privacy/)

Regulation can be considered as the biggest barrier preventing businesses from accepting bitcoin as they need to strictly comply with government regulations. But that's not the only hurdle businesses face, there are other challenges like volatility, not many customers use bitcoin for payments. That is why many countries have allowed the use of bitcoin as a means of payment, but many businesses still do not accept bitcoin.

Although bitcoin is not legal tender, it can be used as a means of payment in Australia, Canada, Slovenia and many other countries. But according to many surveys, not many businesses accept bitcoin yet.

https://nowpayments.io/blog/countries-that-accept-bitcoin-as-a-payment

I don't think regulation is the only limitation preventing businesses from accepting bitcoin. I think bitcoin's volatility and popularity are also limitations that make businesses hesitant to add bitcoin as a payment method for their business.
Bitcoin volatility can affect a business's revenue if they don't have a clear plan for how to use Bitcoin after receiving payment. Or what good is adding bitcoin to a business if people don't want to use it for payments? Like us, how many people are willing to spend bitcoin instead of fiat money in their daily lives?

Would you be willing to use bitcoin on a daily basis to pay bills if there were businesses in your area that accepted bitcoin? I would be skeptical of any bitcoin investor who says they are willing to do that every day when their goal is to get rich from bitcoin.

You can do this, if you have need to do this like how you can use gold for buying things, real estates for example. It's only whether you want to sell your bitcoin when you consider it as a long term investment asset. You will more likely want to hold it as long as possible and only sell it if you need money for something important.

On daily basis, it is less likely to use bitcoins, but you always can use it, because nobody want to use their long term investment asset on daily basis. They know that if they sell their bitcoins, they will have to wait and hope that their repurchasing price would be lower than that, while it can come or never come.

Well, I think when Bitcoin becomes possible for daily use, and I think people will differentiate between spending wallets and saving wallets for Bitcoin. I think the current barrier is the difficulty of making daily purchases because Bitcoin hasn't yet become legal tender, especially in my country. I assume that when that happens, people will choose Bitcoin as a storage device like a bank account, but the difference is that Bitcoin has what is called a "Store of Value", which means Bitcoin can maintain the value of the money we hold, and can even increase in value, unlike fiat which experiences depreciation year after year like in my country. So, I agree with you that we can do that thing, or do anything by using Bitcoin.

There are many reasons why I think some businesses aren't accepting Bitcoin yet but since I don't have a business myself I can't give you views from my point of reasoning but for those businesses, based on what others have said, I think I have Idea why some businesses aren't accepting Bitcoin. Most reasons has to be because the government haven't adopted the use of Bitcoin in most of their countries therefore most businesses don't want to break the law of the country. They prefer to accept the currency that the government are okay with to avoid getting sanctions from the government.