Bitcoin Forum

We are tend to talk about governments accepting bitcoin and other crypto currencies. We do have corporate companies who are the main source of income to all citizens of countries. Government are the first beneficiary of these companies. The country's development is depend on outsourcing. How well it would be if corporates adapt Bitcoin, other crypto currencies and blockchain?

Corporate can contribute big for cryptocurrency progress by the means of paying their employees crypto as per rendered services. With this, people are forced to become aware with the existense of the crypto market. Companies also will not do it without the supervision of the government.

One of the most critical barriers preventing large companies from using cryptocurrencies is the legal situation. Governments influence companies, even companies operating in other countries, note what happened to European companies when the United States imposed sanctions on Iran.[1]

If legal avenues paved, the international remittance platforms are the first beneficiary as transaction fee using are very cheap and faster than the traditional methods.

Followed by service companies, where one token can use for all services around the world such as a token for trains, aircraft, and others.
The use of blockchain is not limited to financial matters; it can use in electoral systems, food and pharmaceutical industries.

[1] US sanctions mean no big oil company can risk doing business with Iran, Total CEO says (https://www.cnbc.com/2018/06/20/no-big-oil-company-can-risk-doing-business-with-iran-total-ceo-says.html)

Some corporate companies had ventured into the cryptocurrency space, some are using it to source for funds, SD ICOs raise quite a lot of money.
Some are equally drawn to the technology.
This is a huge step in taking cryptocurrency mainstream.

Of course corporate organisations are the pushers of the economy remove them from the situation of things and the country begins to crumble because government cannot employ everybody and at the same time cannot provide all the services and be able to monitor it effectively.

Several companies are already studying the use and implementation of the blockchain technology in their activities especially the big ones but because of the amount of fund that it will involve and the due process large organisations pride themselves in, they need to take their time in ensuring whatever they are churning out, must be something that will work under any circumstances.

Another issue of concern is that despite the importance the corporate organisations play in the development of the country, it does not undermine the influence of government in regulation. Companies in China for example will be more careful in devoting huge funds for blockchain research compared to their counterparts in a more liberal country like the United States.

When a bitcoin was about 17k$, governments started to talk about bitcoin and other crypto currencies.

However, nowadays a bitcoin is about 6k-7k$ and nobody talk about it.

Governments and corporates will understand the importance of bitcoin when its value is over 20k$, but of course they will late.

It looks like you understood this issue wrongly because governments were giving warning to people when its prices are all-time high saying that it is a bubble and it can burst at any time. Now it has burst to they may be stopped discussing it.

Governments may use blockchain technology but some governments may not use bitcoins because they still think that it is a Ponzi scheme.

Blockchain is a sure thing that companies will start adopting it. I've seen few companies here in my country that are already studying and gave a guarantee that they will actually use it for the better of the company.

Bitcoin as well, we will be there to the point that companies will ask their employees if they want to receive their salary with bitcoin and that's going to be an option. I've watched a social experiment that has been conducted by one company early this year.

The legal capacity of cryptocurrency is no doubt one block meditating against it and the reason that institutions have not fully adopted its usage in their financial transactions fully because they want to be able to account for certain transactions and hold certain people responsible or in trust.

This is the more reason that the ETF is being seen as what would lead them to huge investment.

I do appreciate your thoughts on it. Yes if the corporate do take up this idea seriously then yes , the government as well as the citizens, employees are going to be completely benefiting out ouf it. And yes the crypto standard would go to next level in a positive node. Blockchain has been used internally. The usage limitation has been increased. Hope the growth will be massive if values go up.

If corporate companies do embrace the technology then it will definitely help to drive growth but yes the environment is too unstable to use it for that purpose of paying employees etc. The technology in itself can be used for other things without necessarily worrying about the monetary value side of it but yeah I think it'll be a while longer before we see the Bitcoin used widely.

Many cooperate companies are already taking advantage of the potential in cryptocurrency and the blockchain protocol. And also the crowd funding as as means of raising financial resources.

Question here:
I want to understand why does people see or rather wish to have bitcoin as an official currency to any country or rather on a specific country. I was think about this... " why is it people do not see that bitcoin is an investment that increase and decrease? If this bitcoin is used by the government this bitcoin value can sustain or maintain to its price and no one will value bitcoin anymore.  Also do you guys only wish that bitcoin and other cryptocurrency can use or benifit the government?

There are foriegn companies who accepts bitcoin payment already, but still we are looking forward that this system is used generally world wide and with the advent of technology this is not impossible to happen in the future and i believe these will happened if people all over the world will have a better undertanding what is bitcoin nd blockchain technology. Knowledge is power i say.

If you’re among those that owned one of these corporate businesses around the world, you wouldn’t like to do anything stupid that will send your business crashing.

Before these people take any actions they will first come together and discuss about it and see if it’s quite a good idea, they don’t just jump into without reasoning, if they see it’s good for their business they will go for it. I’m very sure that the board of chairman in these big companies might be having topics on Bitcoin sometimes and on whether they should adopt it or not.

It would be a very good thing if we start seeing the corporate world adopting the blockchain technology as this would pave way for more innovative developments as time goes on, and would enlarge the corporate world in a lot of ways.

Apparently, for real life usage of cryptocurrencies, I believe the corporate world can contribute immensely to that in a positive level and we can see this space evolving into a bigger one eventually. There might be some form of legal barrier at the start though, but over time, I am sure this would be a history.

The corporate companies does make cryptocurrencies as a mode of payment for their employees then it will have a big influx of upward trend in the market and will contribute to a bit of stability to the cryptocurrency that they would be using for the payment, and this is a good outlet of mass adoption since corporate companies only need few work to make it happen unlike banks.

if it is true this is a good decision in my opinion, because if the government accepts bitcoin in the type of cryptocurrency and uses blokchain technology then the government economy will grow a little and be helped a little and also the company uses very good blokchain technology, where blokchain itself has transparent properties this reduces the actions of corruption.

Companies adapt Bitcoin how? As means of investment or as salary for people? As investment then they can go and do it. But the problem is that is volatile and risky. Besides those corporate giants would rather have their own stocks so I doubt that we will see any big companies who will invest. And if ever they are gong to invest on it, I'm sure that they will go to the usual channels, big banking and investments firms and hedge fund managers. As for Blockchain Technology, that is a different thing. I will not be surpirse is they are slowly adapting it because its not costly and data is immutable. And we all know the data = money for huge companies and corporations so its possible that they are moving on that direction. As for salary, Japan's GMO has already started paying their employees with Bitcoin (partly): https://news.bitcoin.com/japanese-internet-giant-gmo-pay-employees-bitcoin/

It is just a start and there would be many more to come. At least, for now, we are already seeing several news that is actually leading bitcoin into the mainstream which I believe as time goes on will offer a huge development into the ecosystem at large. One thing for now is to just keep remaining optimistic and for the fact that the corporate world will bring about real life usage, it would mean a great deal for the technology to grow more than it is now.

Driving growth and most especially in the area of demand is actually what we need the most in this space, which I believe would help douse down all these forms of speculations and thereabout going on with people wanting to get rich overnight. At least, with developments like this, and for the corporate world adopting bitcoin and blockchain technology, it would bring about real life usage as time goes on and make the idea of the main usage of the space for what it was meant for become a reality.

Most of corporate are just trolling the cryptocurrency and finally invest or buy the bitcoins and play with us buddy. Really do not understand where the people stands about cryptocurrency investment and etc.
I hope all may know about move from Facebook owner and JP Morgan's move too. If all finds good then all will be make the profit when our investment is stay hold.

This is why Bitcoin and blockchain aren't interchangeable terms, not yet in the real world, not yet in financial systems

Blockchain frenzy is not cryptocurrency frenzy, and blockchain-friendly attitudes are not necessarily transferred to Bitcoin. In fact, the majority of so-called cryptocurrency out there are nothing like Bitcoin, except that they share similar underlying technology (blockchain). Simply because they're only serving corporate interests - merely using blockchain as an upgrade of technology, not adopting cryptocurrency as an overhaul of the financial system.

What's happening in Iran is shameful, businesses all over Europe are pulling out too because of commitments to their American allies, all the while proudly adopting and furthering blockchain adoption, while systematically rejecting cryptocurrency (Bitcoin).

Perhaps Germany's recent call for a new and separate decentralised currency to sidestep future sanctions is a realisation of the hypocrisy... but that remains to be seen.

It's not just oil too. Really, you can't even send money, or share most useful technologies with Iran or Iranians, because of these sanctions. And with all the patenting going on with blockchain by sanction bloc members, it will soon be illegal even to share code with them. Idiocy, right?

I believe they already understand its importance already and not just about bitcoin now in this context, but when concentrating on the blockchain technology at large.

We all know the impact corporate organizations has brought to the world at large and they help a whole lot when it comes to driving the economy positively, which I believe in that light, it would mean a whole lot for the huge adoption of blockchain technology as well as the space evolving the more.