Bitcoin Forum

Haven't spent some hours thinking about the advantage that is associated with Bitcoin in company ecosystems, new start-ups that are located in crypto-friendly countries are now diving into Bitcoin as payment against the regular faint traditional currencies, after administering questionnaires to some of the business CEOs stated the reason to be the anonymous nature and its intrinsic value. That is to say, Bitcoin is a business within a business because of its decentralized nature and volatile market.
So the company gain in two ways for accepting bitcoin for payments and if the price of bitcoin goes upward interest are generated also.

I totally agree with this, accepting Bitcoin in buisnesses today should be one of the biggest things that'll happen in the economy, it saves you so much stress and unnecessary charges that would have been made using FIAT.

It's easy to use. You have control over everything. You can easily track all your transactions and lets not forget, all transactions are public. You don't have to go through a lot of paper works and you skip all the inconveniences that you have to face when using a third-party centralized financial institution (banks). Users can send or pay right away without having to go through multiple random checks. So many reasons why businesses should start accepting bitcoin as payment.
Don't forget, the price can drop too!

Do note that the company needed to run their own node to achieve the decentralized nature, if they are using the third-party payment gateway, they are not truly achieving decentralization. The volatility is also a double-edged sword for the company, some might want to store the payment in crypto, on another hand, some needed fast cash to operate it.

I do not imply and discourage its hard for businesses to accept Bitcoin. As a matter of fact, there is some payment gateway that has a FIAT conversion feature to mitigate volatility. My take is, whether a business accepts Bitcoin payment or not, it's a multi-variate problem that needed to be solved by the company self-interest. Not to mention, in some countries, regulatory issues are the obstacles.

I agree, OP. Businesses should today start accepting bitcoin and cryptocurrencies taking advantage of the opportunity if their nations are friendly with cryptocurrencies.

It is a change that is inevitable because just as large technology companies were born, so it will happen with bitcoin and cryptocurrencies that were adopted throughout the world.

It only remains for people to worry about learning about how bitcoin works and the benefits it can offer them in their economies.

There is no doubt that very soon the Fiat method of running transactions will be gone making more persons to adapt to block method of running transactions. I can't just imagine how fast it was easy form to send money for someone that is more than 5k kilometers away from me and how easy it was without a third party making payments and transactions.

But there's still that looming threat of a possible value depreciation in bitcoin, hence why not a lot of companies or businesses have fully committed to accepting it on their platforms. Huge businesses and conglomerates can potentially accept bitcoin as a form of payment no problem as they can easily churn whatever losses they may incur on the bitcoins that they gain. Start-ups, on the other hand, do not have this financial capacity just yet, hence why them accepting bitcoin and crypto is not a good idea.

There's another way to look at this. Established companies or startups might be willing to integrate bitcoin to their payment systems and platforms but the jurisdiction that are in might not allow them to. So that's something should keep in mind imo. Its no longer news that adding bitcoin to a business has more pros than cons.

Yeah you could say its one of the advantage but take a look on the con's side when dealing with crypto.Its VOLATILITY and this had been the main reason on why we do see not so many merchants
are considering on accepting or integrating crypto payments on the business because of this sole reason and the next is about regulation.Not all countries does have positive views or treatment towards
crypto and as a legit physical business then dealing off with these things will really be putting you in doubt but well we are really heading there when it comes to recognition and adoption.

If you've been aware of the volatility of the market, you can also think about the risk that want you to endure. To say it was convenient, easy, and fast transactions, no, it was not the real thing that happens. Delays always happen nowadays and much more for those who have an intermittent internet connection?
A lot of things why merchants or business owners are not accepting Bitcoin yet, they are worried about its volatility. They are in business and they wanted ROI assurance which is hard to make from this volatile market.

Not all of the companies who has an idea of what bitcoin is have that type of mindset.

There are a lot of businesses that wants to assure that what they have should also be taken in value of cash and that's why they are not taking bitcoin as payment and they're good as is what is.

One of the reasons which people may not see is that accepting Bitcoin exposes you to more customers. If I want to buy a product and I see two stores, I'd rather patronize the guy who accepts Bitcoin. Maybe because I don't have enough cash, maybe because I find it credible that he is promoting Bitcoin, but somehow, I patronize that store.

That is if there's more people there that uses bitcoin, what would happen if you're living in a poverty stricken area in your city? That's unlikely that people there are using crypto as a primary currency and they might not even know how it works.

With all its advantages, of course Bitcoin is worthy of being a payment medium, especially if the price seems to show a more stable ATH.
Bitcoin is already in its increasing popularity until its value continues to increase, its role is getting better, it will definitely be responded positively by many other things, especially in terms of work and business. Well, it seems it is time that the world will be more closely related to Bitcoin.

Good analyzation, for me, the business that will operate with btc as their second option of currency needs to understand the possible result of losing during operation specially in bullish day of trading it. But if the business has a good other income then saving btc for the future is also a great option for them. Either way, this will be an opportunity for btc to be recognized for those who dont know it yet.

Accepting Bitcoin as payment in a business is a good thing, though we have to remember there are two sides which are bullish and bearish. Maybe some businesses are afraid if they'll accept BTC as payment then it drops, but others have taken a risk to accept it and until now they've already made a profit because the price is not bad.

the reason is the same as the OP said. but a little addition because payment with bitcoin provides many advantages for the company.
first the value of the price of goods remains the same as the value of bitcoins paid.
secondly there is no need to charge a fee for depositing bitcoins in the wallet.
all three bitcoins have a good market value when the market price strengthens.
So by accepting payments with bitcoin the company gets double the profit.

That's why legal adoption of bitcoin in every respective country will be a chance for those established companies or startups business to integrate bitcoin to their payment method because it is hard to implement such kind of payment systems if the country that they were located at are not open to accept bitcoin as a legal tender. I believe that today there were many business establishments and startups that was willing to add some payment method on their payment systems but still hesitant because of how government's responses to cryptocurrency.

Global Bitcoin adoption is going to take a while to be achieved as the government will want something they can control, but some countries have a flexible law concerning Bitcoin and the business within that country are taking full advantage of that. Just as the thread creator stated they stand to enjoy several advantages compared to the old traditional payments.

Accepting Bitcoin as a means of payment will solve the issues of monetary exchange across boarders but how about it's volatility we should also consider the market isn't stable as it has tendencies of appreciating in value so does it still depreciate. It should rather be a store of value other than a legal tender.

Let's assume one gets paid in Bitcoin and just after receiving their payment the price drops drastically the holder is left with two options either to wait until it rises again or transact at a loss. Remember Bitcoin doesn't have its own value it solely relies on fiat

Absolutely! That's the main problem for businesses that plans in accepting Bitcoin as a payment.


The success of business relies on how a businessman roll his profit and expand his service/products and the business in general. Now, what If Bitcoin remains at a lower price and the businessman run out of products and needs replenishment?
Does that mean he'll use his own pocket or sell even if it means a loss?
Well, I guess big businesses can do that, how about the start-ups?

If that company can accept bitcoin, that will provide new innovations from the company and if they succeed in doing that, their rival will try to follow that company.
But before a company accepts bitcoin as a payment system, they need to know and be aware that bitcoin prices will always be volatile and change day by day.
If they can realize that, they will not panic when they use bitcoin as payment because, in the future, the bitcoin that they have will give them a big profit if they convert into fiat.
The benefit is when the bitcoin price is down, their customer will pay more bitcoin, so they will have a chance to accumulate bitcoin in their wallet.

For now many large companies that already know the performance of bitcoin and they want to use bitcoin as a means of payment in the company have a strong reason, one of which they easily know every spending transaction that occurs and also bitcoin is decentralized so it is very compatible with the company's business, but when bitcoin is experiencing this decline will also be a problem for the company then using bitcoin in every company. It's a consideration for now.

When it comes to marketing strategy, nowadays it's important that you think ahead, and start recognizing the potential of Bitcoin and incorporating it into your business' payment system. Embracing the power of new technologies, such as Bitcoin, will show your prospect's customers that you're always following the big thing in the world. the world of business and modern technological advances. The industry you run by accepting Bitcoin, could just put you in a more successful position.

the reason companies accept bitcoin is that as a way of paying in business, it can be a solid and promising market today. This is predicted to pave the way for you to face competitors and improve your business performance. We must keep up with the times, we must dance according to the musical instruments being played.

There advantage in accepting bitcoin, and that is the company will be able to gain more customers especially if they also offer business outside of the country, it's very useful especially for online stores and online gambling as well. Actually, they can just add bitcoin as their payment system to their current payment system, it's not that hard, and as long as they know how to manage the risk of volatility, I think bitcoin will be an effective currency for their business.

In addition, the government has to be friendly with crypto so they will regulate it fairly, that's actually the most important thing as businesses are regulated by the government.

It seems to heavily depend on the country and the products being sold as to how much benefit a business will get from accepting Bitcoin. If you're in Germany for example, the overhead costs involved with accepting it for someone buying a can of drink in a shop is probably not worthwhile. However if you're buying a big ticket item like a car or a kitchen, then that business should be as accommodating as possible to all payment methods if they end up with the same payment at the end of it - the fees almost become insignificant. Bitcoin is not a "business within a business", it is a currency used to trade. The blockchain is also just a ledger, much like a bank would have a database of all their transaction activity.

Bitcoin gateway has a tremendous advantage for new start businesses as it will help build its capital in the long run, if the price of the asset goes up. But again, we must also identify the risk that is involved in this type of payment. But in all business is all about risk-taking.

Why not? it's actually an advantage for everyone, I would personally be glad to accept BTC as a form of salary, the only downside I can see is that if the value becomes bearish, other than that, if the price is going up, and so does our salary.

Start-ups that will be taking Bitcoin as a form of salary is a good investment, the fact that they can also gain profit from this is a good idea, both ends will actually get profit.

So how about the downside? You cant expect only capital gains are in the process. You should also take into account those scenario where bitcoin experience a huge slump. Yes that could also be a factor of going down and totally loss instead of gains. Bitcoin is good type of investment but we must also see its negative impact on some other variables.

It is obvious if you look at how the other companies adopted the new revolution and continue to develop their companies with it, they will remain and stay with a high rate of a stable economy. Now that we already have bitcoin recognized with a high number of trusted companies all around the world, it's better that they think of ways to adopt or make develop something so that their companies will accept it and be one of those companies to become successful in the future.

It is difficult to say that Bitcoin is suitable for fast business and daily payments due to the problem of delays in transmission time and high fees and also due to its high volatility, but in the long run Bitcoin is a very successful investment and also because of its other great features such as decentralization, store of value and use as a hedge all of this makes Bitcoin a valuable Great value and if the delay and high fees are resolved, bitcoin will replace fiat money in the future.

With the volatility of bitcoin price and time-consuming to get confirmation from the transaction, it seems bitcoin is not recommended to be the payment method because when you pay using bitcoin, both customer and seller need to wait for 1 confirmation. Although when you click the send button, the transaction will get confirmed later. But sometimes, the customer does not want to wait too long to see it's completed.

Maybe the companies can use bitcoin for their employee as the saving or the investment from their salary and use some percentage from their total salary and send it into bitcoin.

As long as you understand bitcoin's characteristics and the volatility risks that affect your business, that's fine. There are various drawbacks that lead to skepticism about bitcoin's acceptance, especially if it is adopted by retail-scale businesses. I will talk about the facts about the protests of Elsalvador citizens who know the government's first rule (art.7) (https://twitter.com/nayibbukele/status/1402446890466217985/photo/2.) that requires all economic agents to be able to accept bitcoin.

Business in Elsalvador can be a reference forecast in the case a company wants to adopt bitcoin.

That's the primary reason why third parties backed by governments are mostly against this system. Bitcoin is breaking the monopoly and abuse of customer carried out by banks for decades. I don't believe that btc coming from centralized exchange is really bitcoin, since that's killing the purpose of decentralisation.

however, there are many advantages if a company accepts bitcoin as their medium of exchange, and the most perceived benefit is expanding consumers from all over the world. we know that bitcoin has a decentralized and P2P system. So, you can sell what you have all over the world. it is the most tangible and great advantage.
The other advantage is like you said, that if the price goes up, the assets will increase. however, vice versa.
however, not all countries allow this. some countries have regulations regarding payment instruments in their country. however, if your country has a permit for it, then you can expand the business you have.

When a company/business accepts Bitcoin, it will indirectly make friends with the Bitcoin community and have new users/customers from the already very large Bitcoin community.
If it's an export/import business, then transactions using Bitcoin are very helpful in speeding up payment transactions.

Globally before you see a country that accept bitcoin for any payment system is very strenuous or arduous to indicate because at least hundred percent of the countries out of seventy five percent of the countries don't accept or adopt bitcoin as payment system instead of fiat currency, but it's good idea and reasonable enough if some entrepreneurs or traders enroll into bitcoin payment system if really the government of their country will adopt bitcoin, because right now i know that different countries government dislike bitcoin, so from my perspective it will take like period of time before cryptocurrencies which we officially know the head as bitcoin been generally adopt by different countries as means of exchanges in equivalent with fiat currency.

first come to my mind is flexibility so user or buyer can choose between fiat or crypto

supporting crypto as the payment of future  ;D  and if the owner shop want to hodl it can become interest and benefit to owner

Business platforms and consumers will get an alternate option. In reality even with the digital payment applications and other payment gateways like credit/debit cards, business people are more satisfied. So, if bitcoin can bring in something unique to the market it'll easily grab the attention.

The most important thing I believe on the need for bitcoin acceptance is the upcoming digital generation. The future generation will be much dependent on technology. By the time cryptocurrency will get priority among that generation.

The role of Bitcoin serving as an alternative currency will encourage customers to prefer it to the faint traditional currency, but again it depends on the fee that will be paid on Bitcoin transactions. If the business can develop a lightning network that will enable the lowest transactions fees.

Yup that's the advantages of using bitcoin into business, because at the same time it's like you are investing your income as well. Or should i say double investment?  ;D indeed people nowadays love using digital currency when it comes paying bills or any stuff around the internet, wherein even in public places because of some business that adopted bitcoin as well , so its a good idea to put bitcoin into a business especially if it's a new business.

The major advantage of receiving Bitcoin as payment is its scalability advantage and the ability to share in market gains, business owners are beginning to take advantage of such opportunities and also Bitcoin allows for easy transaction process and time without involving a third party.

We both know Bitcoin is not difficult for people or business owner to accept Bitcoin as payment but it is each countries Federal government stance toward Bitcoin that is preventing this from happening. The last time I checked every business owner like an innovation that will increase their chance of making more money or growing their business.


Yes, the government are the major reason why Bitcoin is not accept as payment in some country but those that know how to use it arereceiving their oversea payment through Bitcoin.

Bitcoin is officially know and that's why a lot of Central Banks are planning their own CBDC. An example is Nigeria. However, Bitcoin is not officially recognised by the government as currency and El Salvador is the first country to make this happen.

Real businessmen are wise, they won't add anything to their business if it's not profitable and helpful. So if there are businessmen that don't want to add bitcoin on their payment option, they're just trying to be wise. But if there are businessmen too that adopts bitcoin as a payment method to their businesses then they're the wisest because they're aware of its volatility and there's two-way for accepting it. One for the actual payment, second for its volatility that they understand and it's another form of business to them.

it is true that implementing crypto in a business can provide convenience and expand a business. maybe the consideration is because a volatile value doesn't always mean a good thing. because it could interfere with the money flow of their company or their business. therefore it takes a high level of confidence and trust for a company to implement crypto or bitcoin in their business.

I think the same, for a person adopting bitcoin is an easier decision than it is for a business, as a person which wants to hold their coins for the long term the only thing you need to worry about is how to store those coins safely so you can retrieve them whenever you want.

A business is way more complex than that, many times they need the money to pay for their operations which means the volatility of bitcoin plays against them as the price could face a correction just when they need to sell their bitcoin to raise funds for their operations, as such it is not a simple decision to make, however once the owners decide to do so it could bring them a lot of advantages as businesses can get very cheap loans and could use the loan to buy bitcoin in the middle of a bull run, then sell their coins, pay the debt and pocket the difference.

If you do talk about the probabilities of earning more profits due to that market activity or something like that then its true it could really have that kind of benefit but most of business owners doesnt really
need nor mind off about that which most of them do prefer on having stable profits or lets say that they dont like for their profits to go lower or simply just permanent or stabilized.
This is the main reason on why there are lots of them doesnt still convinced on accepting it nor having that problem towards regulation or something and some are just in personal too.
Its their own choice though whether they do accept or not but cant really blame off with their initial impressions.

I think this is the best model to be adopted by businesses. Some of the third party services providing conversion feature don't charge any fees, what makes them even more advisable for businessmen. However, if the country doesn't allow people to deal with bitcoin or make the use of bitcoin too complicated in practice, it's not a good country for doing business of any kinds, since it is a strong indicator the country is heavily bureaucratic, and an alternative country should be taken in consideration by the entrepreneur.

Well, the term wise is not accurate for me --it should be a businessman that is willing to take a risk or high risk. Accepting bitcoin as payment is also have a risk because if you are the owner and accepting bitcoin in a bull season and then suddenly drop in the next few months it could affect your total sales when bitcoin is down. But if you can able wait until the bull trend is coming, it could be your profit will double but sad to know it has no time frame when it will happen. Willing to take a risk is also a high potential to gain profit.

If the prices go down, huge losses are generated too. Usually, companies convert bitcoins into USD immediately to get rid of it's volatile nature and/or some of them integrate bitcoin payments and then remove it because of that reason but nowadays it's volatile nature isn't a problem with payment gateway providers.
Btw the real reason for business to accept bitcoin are two: 1. Variety choice of payments and 2. Marketing.
1. The most payment options you have, the better for you because people like it and someone may choose you over others because of comfortable payments.
2. Bitcoin is a good way to promote business, when there is a bitcoin banner on store, a lot of people are interested in it and visit the stores, it looks innovative for those who don't know what it is and gains the attention of people.

Yes of course you will use it but they are not using it openly Because many people is afraid of government in actual sense, but a process whereby bitcoin is been legalize in a particular country i think the payment with bitcoin can be make obvious even though you don't know how to use it, you can as well learn, the only thing i find out that has been a hindrance via payment with bitcoin via different countries is the implementation of bitcoin to a country through the government, when such is been done people will start using bitcoin like Fiat for exchanges of goods transaction.

I don't think "best" is quite the right word, running our own node is always advisable and have a lot of benefits, there will be some pros and cons, but it will come in handy if the business needs to scale up. After all, not relying upon a third party is a huge boost in terms of flexibility for the business itself. I believe if the business is able to manage it, the good will outweigh the bad.

And yet, you can't get any assurance with that which is very unfortunate. Double investment, making it more prfitable? But what if the market turns to bear season? They are also in absolute big losses and this gives worries for the owners to take that knowing how volatile it is. And the other thing is that it wasn't yet officially legalize in all countries which could get attention to them unless if their government make it.
The use of Bitcoin has disadvantages and advantages. And offering such services is really at high risk and so I understand why until today only a few establishments are accepting this as another mode of payment.

If your accepting bitcoin, i think this is the benefit you will get.
1). Marketing By accepting BTC, your business expands the number of people that may want to use it.
2). Usability: Low Fees, No chargebacks
3). International/Large Purchases: This is much easier than wiring money which remains very cumbersome, slow and agonizing.

A business exists to take a customers money, in any form it can, and turn it into a product that the customer wants.
The more methods that they can take money in the better it is for the business.
With that being said, there are expenses in taking any form of payment.
Credit Cards = Fees, chargebacks
Cash = Securing it, counting it, having enough change, dealing with theft.
BTC / Crypto = fees if you don't do it yourself, the cost of running a node if you do. The risk of the price dropping.

Each business owner / operator has their own numbers that they work with to determine what they want to take for payment.

There is no should, there is the 'what is best for this business'

-Dave

So it isn't bad to mention about the cons.

1. Volatility - It could affect your overall profit
2. Regulation - Depends on what stance does your country have it.
3. Fees- We know that not all the times were fees is low which means not all will really be willing to make out transactions

Aside from those cons but I do see that it do outweighs by its pro's.So its a personal choice as a business owner.

Not necessarily in the next few generation. Fiat money still has scriptual nature and can be virtually transferred, although the classic fiat has gold value, it's backed by gold. Yes bitcoin grab the attention and wil continue to do so but this doesn't mean to fully replace fiat for medium to long term .
I will support all businesses aopting crypto paiement if they can react with the blockchain, as many businesses can't easily adopt the blockchain concept that didn't fit with their goals.

We also have to think that if the price of bitcoin drops too much, the loss for the business that accepts bitcoin as a means of payment will be a very high loss, there is also the issue of wages, I very much doubt that the workers of many companies would accept to receive their wages in bitcoin and how would the issue of social security for workers look like? How would the government channel a portion of workers' wages into the pension fund? This issue of accepting bitcoin as a means of payment is complicated.

It's not that simple and easy. Some business owners don't like the idea of accepting bitcoin as a payment method because of its volatile nature. They will accept bitcoin not because they will hold it but rather they are circulating the money right away that is used to cover their business operation and cost. And generally, they are simply not crypto-enthusiast and crypto-oriented.

Even they will use a third-party payment gateway to convert bitcoin to fiat value the moment they received it, without demand or only a few requests from the community, it won't be considered to use. Customers also preferred to pay thru digital transactions as the process just takes few seconds to complete compare to crypto-transactions.

Every business owner has their own preferences when it comes to handling their financials. It is true that some of them don't like to accept crypto because of its volatile nature. While some don't see any advantage of doing so and it is not practical on their part. Anyway, they will change their approach on this if they will see demand from their customers themselves. Otherwise, they will just stick to their current payment method.

Well, you're right, accepting bitcoin as payment really give convenience on both parties, less hassle and easy to transact without loads of paperwork. Plus the company has the opportunity to gain more if the price happen to increase.

However, we know if there's a pros there's also cons for accepting btc as payment and that is the volatility. The price is not stable and worse can drop drastically leaving them with no choice but to wait until the price recover.

Thus the businesses who are willing to embrace bitcoin are those who understand the risk and prepared for it.

In my opinion, If only a small portion of your business is crypto then volatility affects you very little, and it would be good for you to learn the ropes and get stuff set up so you can grow with the userbase of crypto. If your product or service is something that crypto people like a lot you can get more revenue and sales.

Wait , you administer questions towards Business CEO's? mind telling us which company and who are these CEO?

because this sounds like a nonsense talk.
but what about if the price of bitcoin downfall? what is their take? they cannot stand holding the said bitcoin in their operation if the dump stays more than a year like in the past?

Number one reason for accepting Bitcoin payments should be-Not dealing with banks and payment processing companies.
The business owners will get the most benefits of accepting BTC,when they start using it to purchase goods and services from other businesses.Bitcoin should become a business-to-business currency,also known as B2B.Getting adopted by B2C companies (or business-to-customer) is also great,but the companies will eventually have to convert the BTC into fiat,which kinda makes the whole BTC adoption process pointless.
The price volatility and the lack of regulatory clarity are the main factors,which are stopping mass Bitcoin adoption.

Agree, will be have no benefits to still convert BTC into Fiat. It's proving there's many company can't adapt it as soon as possible. Our generation still believe in Traditional financial system and I believe maybe in next 15 years, digitalized and decentralized reformation will come.

Many people continue to express their concerns regarding high bitcoin volatility despite the fact that bitcoin has grown a billion percent since its inception. Neither ordinary users nor the owners of businesses should be worried about that because bitcoin incentivizes and rewards for long-term thinking. It would simply be a rational decision for businessmen to hold bitcoin as part of the company's reserves: as time goes by, it becomes a lot riskier to not buy bitcoin than to buy it. As for regulatory clarity, businesses may consider moving to the countries that have already understood and embraced the benefits and opportunities that the usage of cryptocurrency gives.

Reformation is already knocking at your door. Since El Salvador made Bitcoin a legal payment, it will be a matter of several years before mass adoption will start. Btw, Republic of Cure currently also authorise and regulate cryptocurrencies like Bitcoin (https://www.euronews.com/next/2021/08/27/cuba-becomes-the-latest-country-to-authorise-and-regulate-cryptocurrencies-like-bitcoin), but this is not discussed widely. So there is actually no need to wait for 15 years.

Returning to El Salvador, using Chivo wallet app you can pay and receive payments in Bitcoin already now. As well as get crypto plastic cards with auto exchange option on and use them for payment. You will only see how your crypto balance decreases with every payment (but detailed statistics is also available in dashboard).

The big merchants are at an advantage if ever they would opt to accept bitcoin payment in their business. Making bitcoin one of their payment options eliminates the hassle of monitoring the transactions because every transaction is recorded. No more inconvenience on the part of the merchant and to the customer as well because they'll transact online via a network that provides quick processing and low transaction fee. However, to those start-ups, I don't think they have the capability to suddenly accept bitcoin as a payment method because they have to have the resources and knowledge first before diving into something volatile considering that their business is just starting to grow. \

Based on my observations, those small establishments just make their money go in cycle. They start with capital, then they need the profit and the revenue to be invested back again to buy the supplies in their business. Hence, what most of them need is an active flow of money. They can opt to have bitcoin as a payment method but I doubt they can hold as long as other big-time merchants.

I agree with what you said about the government however, that's also what I said about the government being the major hindrance to Bitcoin going mainstream because most countries that claim to be governed through democracy are actually governed through collectivism.

Having said that, payment with Bitcoin without having knowledge about the system is not simple and I am saying out of the experience I had when I first join the crypto ecosystem.

If anyone has a business and decide to accept Bitcoin as means of payment, I think that's fine and can be interesting. Know that only few people uses Bitcoin or know about Bitcoin so you have to reduce the limit cause you don't expect everybody to come and pay with Bitcoin. Many people will still accept Bitcoin so there is no need to rush now.

Accepting bitcoin for the biggest companies is just a matter of time. If they think they can be approved. But there is some thought that that's the reason they didn't take steps easily.

1: Lots of customers of their company might be unaware about bitcoin.

2: Because bitcoin prices are volatile because companies need stability if they need money to expand, and during that time period, the market drops, so they can't sell at a loss. And they are aware of this news.

3: Biggest companies know that if they approve bitcoin as a payment, then bitcoin's price will go up for one day. This might be because lots of their customers buy bitcoin and may pay in bitcoin too. But after 1 or 2 days, miners or holders who hold large amounts start selling and the bitcoin price goes down. And that company might be at a loss. Because they just approved it, but they can't unapprove it at that time, then they might lose customer trust. So they could be at a loss. That is why they are a little bit aware of it.
 
It is all my opinion. Others can be different. Thank you.

Agree with what you said that receiving payments in bitcoin is business in business, which means we have a chance to profit if the price of bitcoin goes up but we also have a chance to lose if bitcoin goes down. This is indeed an opportunity for entrepreneurs who dare to take risks but have a pretty decent profit opportunity. It's good to make bitcoin an option considering the price continues to increase. It should be tried for people who do business to add bitcoin as a payment option.

Many started to accepts bitcoin now especially if they are into investing also. If there are chances that people will pay me bitcoin in buying in our store I will definitely just keep it their as it can give me more profit in future. Unless the business is not stable yet that there is a need for money to allocate in business operation and they are not aware in how trading works then it’s a no no for some business owners. Those who have business at the same time are traders should accept crypto as payment for them to make their profit grow more in trading.

 Here are some of the reasons businesses should accept bitcoin payment:
1. Population : since many countries are now legalized bitcoin in the country, show that any business that is accepting bitcoin payment will really improve massively in the community. Many customers now prefer to purchase their products and pay with bitcoin in any business that accept bitcoin payment.
2. Decentralized currency: since bitcoin is not control by the government, it pump without the permission of the government because is a decentralized currency. it will help any businesses that accept bitcoin payment in the country .
3. Bitcoin users: many bitcoin users prefer to purchase their goods from business or company and pay with bitcoin without fiat money invol. Since there are many bitcoin users in the community, it will be a good decision to any business that will accept bitcoin payment.

It's a win-win idea. If people in that area don't use crypto, you stand to lose nothing. isn't it?


Your point is really valid. This is one of the disadvantages of Bitcoin for those who want to use it as a currency. There could be cases where you sell a product and get paid in Bitcoin, but just an hour later, there's a decline in price. This reduces your gain (or can even incurs loss) for the product you sold.

Right  :D HODL and earn more interest but yeah market volatile maybe be the number one enemy.

They can actually simple accept stablecoin like usdt, usdc or other stable coin to counter volatile of market right  ;D

the development adopted should be from the blockchain first. when this technology is applied in a company, of course, the use of cryptos such as bitcoin and other stable assets can be used properly.
although in real-world trading to buy an item one can use crypto such as bitcoin. the only thing I understand is the ease of transaction and security than fiat money.
indeed crypto also has risks related to the security of our assets. but as long as using crypto correctly for transactions. I believe the risk of our assets being lost will not occur.

You have a point but you are not taking in consideration of the fact when the price goes down the businesses will be at a loss because you are looking at it from your own point of view, so lets say that you are a owner of a shop you buy stuff from a company that manufactures goods and sells them to business at a price using fiat, so you buy from them something for 10 dollars and you sell it for 12 using bitcoin, the next week the price dips and you are left with 9 you will be at a loss, i think crypto and bitcoin are a great payment option but not for business to depend on.

I Love how you described it as knocking at my door. Ofc I believe on Bitcoin Legalization in El Salvador now as a huge progress for Cryptocurrency. No matter what happening there, It's still an obvious chance for Bitcoin bright-future. From development side, there's no major issue, but I talked about from Adaptation and Political view and ofc Macro-Economic also, We can count by our fingers about nations who fully use Bitcoin as daily transaction like El Salvador did. Hopefully I wrong about 15 years next, maybe can be as soon as possible like 5-10 years next.

Yes, it’s good for companies to adopt Bitcoin as a payment method, but I think anyone that’s considering Bitcoin should look at it two ways and make sure that they are using it in a way that it is not going to be affecting their business, because if they are not careful it can affect their business.

The price of bitcoin is volatile and that means that apart from the fact that you can gain from the market, you’re also running the risk of losing money and it affecting your business at that point. So accepting bitcoin requires proper planning, in a way that if the price goes down, your business won’t be affected. But I think Companies that do accept it now will benefit long term.

Most modern businesses are adopting Bitcoin because of its speed and borderless ability to without the involvement of a third party, and also those businesses stand the chance to gain from the profits if Bitcoin price rise within that period their holding it.

The thought is good, but let's see the practicality of it. Bitcoin's market is so volatile that any time the value may drop which can cause a loss of revenue to a business, that's just one factor. Let's go to the legality, A Legitimate business needs to file Taxes and submit audit reports. How would one business will be closed its book when there are unallocated revenues? Namely Bitcoin per se (I'm talking about it based on our country's laws), so yeah given the scenario in which, Bitcoin is not recognized yet as a currency or can be made as mode of payment, this will literally be floating on the balance sheet. Not unless, one will be able to hide, but once caught probably Business will close down and eventually all parties involved will held liable.

I Think it will be easy to use for everyone. Bitcoin is digital crypto. Already many companies accepted bitcoin and they invested also I Think it will be accepted all bossiness companies.I think people will their money convert to crypto in future.I Think it will be fine and beautiful and more interesting.

We are really heading there but dont anticipate that much because we dont know on what future holds and also we didnt still reach into the point that most businesses accept bitcoin.
This wont be a simple kind of decision because aside from legality issue but also with volatileness which is a major concern because as a business owner you wont really be
like to see your profits is declining but somehow it does have its pro's or chances too.So this decisions would really vary.

Well you did said about volatile so that's one of the reason why some of the big companies or even the smaller ones are not gonna accepting bitcoin as their payment because of how volatile the market is and it could either make the company profit of their bitcoins or things will go in the opposite way. The other reason is transaction fee but it's not a big deal.

Steam was accepting Bitcoin for quite some time but unfortunately they removed it: https://hexus.net/business/news/internet/112973-valve-removes-bitcoin-payment-option-steam/

You know in business, there's already the risk. And upon accepting bitcoin as payment isn't risky to them but holding bitcoin is. The first type of businessman that I've said, they're just trying to be careful and they don't want too much volatility as they're just trying to do business, no other than that. And the other type that's totally fine with it has the experience and is very open to new things like adopting and accepting payment of bitcoin to their products, they're optimistic and sees the potential of it. This is like, you can't just please everybody.

We are entering an era where almost all payments are made cashless, therefore some businesses are starting to accept Bitcoin payments. And that's
what we really want as Bitcoin supporters, because the more businesses that accept Bitcoin, the faster the adoption process. But the fact is that Bitcoin
still has some shortcomings, therefore the number of businesses that accept Bitcoin is not much. Some of the considerations for business owners are
the legality issue and the volatile Bitcoin price. We know most countries in the world have not accepted Bitcoin as a means of payment, therefore
business owners do not dare to accept Bitcoin payments. In addition to the volatile Bitcoin price, it can cause the profit generated to decrease,
so the risk is indeed big. So it still takes a long time until Bitcoin is actually accepted as payment, so we as Bitcoin supporters must be patient.
But I believe in the future, most businesses will accept Bitcoin. For now we should be grateful that at least we can use Bitcoin as a digital asset first.

When you do start up a business or investment then risk always accompanied with that and adding up something risky too like Bitcoin then its up to business owners on making such actions whether they do accept it or not.

They would be aware about the possible profits raised if the market turns out to be good and the losses that they could get whenever it dumps down.Just let them be on what are the decisions that they would make.

Some might have some reconsiderations and some wouldnt really have any care at all on accepting or integrating it into their business.

I think theres a few benefit if business accept bitcoin payment.
1. New marketing opportunity. Telling people that you accept crypto might boost your sales in no time.
2. Lower fees. Credit card payment providers charge merchants 3% fee and more for each payment. Crypto payment providers charge significantly less and can convert those received coins to fiat and send to the bank account, so it’s a good opportunity to save some money for the business.

Well, bitcoin's biggest problem lies only in the fees. however, it seems that almost everyone has accepted it in their business. So far, not only bitcoin, but ethereum and even BNB have also become one of the payment recommendations for businesses, especially BNB because of low fees and fast transactions.
however, this goes back to the regulations in their respective countries. there are so many advantages to adopting bitcoin or other crypto in the business world.
I think steam is just not ready for the fluctuations that exist in bitcoin.

The skyrocketing number of bitcoin users took all businesses by surprise, even during the pandemic that made many businesses drop, the performance of cryptocurrencies was unstoppable, this made business owners immediately think about accepting bitcoins for payment.

The market rate of Bitcoin is one of the motivation of many businesses that are now adopting Bitcoin in the business. The rate of such companies is on the increase, but this can only be aided if they can use Bitcoin lightning networks to carry out such transactions.

They may looking for adoption but does not count until it happens, there are many countries considering this fact but yet what are their stand now? still on process for years?
let us not count the chick when the eggs are still solid.
bitcoin is really an outrageous innovation for the whole world but appreciation is not enough instead we wanna see understanding and adoption because that will make this market grow much high than what we have had now.

Since bitcoin is now dominating all over the the world, it will be a welcome development to such businesses that will be accepting bitcoin payment. There are many millionaires in the country who are looking for where to buy goods and pay with bitcoin without fiat money involve. Many investors now prefer to purchase their products to where bitcoin is accept for payment to make things with them.
It will make such business that accept bitcoin payment to be more popular in that particular community because there are many bitcoin users who is looking for where to purchase their goods or services with bitcoin in the environment.

But what about the issue of volatility of bitcoin? Say for example that a person who works from a big company starts to accept bitcoin as a form of his/her salary, yes we could safely say that bitcoin now is on the hype and currently $61k. But what if the value starts to drop dramatically, maybe the remaining option their is to hold that crypto and wait for the market to recover.
Yes truly, we must dance according to the music and keep up with the time. But I still think best that the employee can have an option of to receive the salary by cash (fiat) or in crypto form.

The main reason is that the number of bitcoin users continues to increase, in addition to reaching the global market, accepting bitcoin will facilitate every transaction so that business will increase significantly.

not just that instead how they can earn high as the value of bitcoin now are more cheaper compared to the incoming prices when the adoption finally comes.

if they are aiming to collect bitcoin(as holders) then this is the best way to accumulate more and more bitcoin to be ready in the years to come.

it is more on today as the ETF seemingly bringing hype in the market

https://coinmarketcap.com/

i think this will also help more people to understand what this crypto can bring to them .

Even huge businesses will benefit from the convenience that Bitcoin could provide especially during the pandemic situation that we have. That's actually the reason why big companies are now starting to accept Bitcoin because it's too helpful even for international transactions. It could save us from too much hassle. I believe that more businesses would still choose Bitcoin in the coming days.

I agree with what you said that the company can gain in 2 ways. Thru profits coming from the sales itself and at the same time, capital appreciation coming from Bitcoin.
On the other hand though, the company can loss in 2 ways too instead of one. Thru losses coming from the business itself and with capital depreciation coming from Bitcoin.

Lets also take note that this adds risk to the owner of the business since Bitcoin is very volatile, there might be a chance that it will go down at the time when they need to sell it and vice versa. I would love to see businesses accepting Bitcoin though since it adds to the adoption rate and its another way to market it. Maybe in few years, we may see more and more businesses accepting it.

the charges ,if you might be referring them to as taxes  that the government takes then you might be contradicting your own words of positively impacting the economy, how can a country run when more and more people have a way of transaction that doesn't provide the government  with incomes , I mean I am not saying that taxes are always good but they are sort of primary income for the government and they are a must for running  any nation .

now about business accepting bitcoins it would certainly be a boost for the crypto but at the same time isn't microtransaction for daily spending too much time consuming , people would have to be educated enough to understand the working of the crypto currency and that the transaction process may take time , people would have to be more patient and have basic knowledge about transaction made via blockchain technology , its easy to start accepting bitcoins for mode of payment but people should also use it as a currency , people think of bitcoins more as an asset than a currency  and the volatile nature of the value of BTC also forces them to think the same.

not all businesses can accept bitcoin, because some of them have not had time to understand about bitcoin and some of them are still afraid of the level of risk investing with crypto which is so vulnerable to price drops. Only business people who have more asset value can accept bitcoin as a means of payment for their business.
they can group their assets into two groups, firstly fixed assets such as bitcoin investments or bitcoin receipts and secondly current assets for their business activities.

But most businesses are already accepting Bitcoin as payment as it give them double advantage which is profit making asset and at the same time an acceptable payment gateway for doing business.

Nope, it usually depends on what country or particular place you live in because bitcoin doesn't get through as much as we think in certain places. And not every country has business establishments or stores that accepts bitcoin especially here in our place. The only advantages of bitcoin payment here is ordering international markets and dealers like Alibaba and Amazon, which makes us in advantage also not to move frequently our assets in bitcoin form.
But I do hope soon that there will be some establishments here in our place that do accepts payments in bitcoin form.

Bitcoin users who continue to increase and spread throughout the world make business people have to accept bitcoin immediately, by accepting bitcoin it will increase customers so that business can be successful, especially now if there is an online store that accepts bitcoin it will become viral and this is a great promotional tool. effective.

Wait, where did you get that Data? can you provide at least one proof of this being happening ? does your  market in your place majority accepts Bitcoin as payment? can you buy a Bottled water using your crypto coin?
if not then don't talk as if you are talking for the whole world because this is not reality , I have been struggling to find some merchant or establishment that i can make use my coin for payment but it is indeed hard to find.

exactly in this one , nowadays businesses are being forced to check and learn what or how beneficial crypto in their business, they are now seeing the trend and there are many example on how this will be helpful both costumers and businesses.
There are some physical business now in near me that starts accepting bitcoin , even the 7/11 near us now starts accepting bitcoin in some products but not the entire store meaning they are starting to adopt.

maybe he meant that there are some places where they accept bitcoin as a payment method. I suppose he lives in countries like USA or EU countries because in African countries it is a rarity to see somewhere accept bitcoin as a payment method, in this matter I think it will take years for all countries one day to use bitcoin as a payment method. . in my country there is no store at least that accepts bitcoin as a payment method

And thats if price goes upward only, how about if it goes downward? Who would finance these small start-ups if BTC goes downward drastically? Well, for me BTC as a mode of payment is faster than current way of transacting. It enhances the experience of having a transaction. It also avoids human contact as well.

Everyone one knows accepting Bitcoin for business is a good idea because it serve so many purposes, the only problem and challenge we have is the government . The government won't let it work  they are not in control cryptocurrency. This is the major issue we have .

I guess scalability is one of the major advantages of bitcoin acceptance in a business aside from the fact that the company also profits from the price of Bitcoin if it moves in the upward direction during the period of holding Bitcoin.

Currently bitcoin is a trend and is in demand by investors, even during the pandemic which makes many businesses and investments die, bitcoin continues to increase, many reports state that the rapid development of bitcoin because it comes from millionaires and global companies who invest so that to make the business more developed it is mandatory to accept bitcoins.

I think that it is a good marketing step of companies to start accepting Bitcoin as the means of payment. There is a lot of hype around crypto industry today, so people are willing to pay with it. What is more, Bitcoin is really stronger than national currencies of different countries with hyperinflation. That is why is being accepted by weak countries such as Solvador etc.

If we see the increasing popularity of Bitcoin this year, business owners should take advantage of it, to accept Bitcoin payments. That way it will attract
buyers, because it gives them the option to make payments with Bitcoin. Another fact is that business owners can benefit from the increasingly
expensive Bitcoin price. Although the price of Bitcoin is volatile, but if the price of Bitcoin drops it's only temporary, because Bitcoin is an asset that
recovers very quickly. So there is no need to be afraid of trying to accept Bitcoin payments for business owners, but the problem is that government
support is needed in this regard. Unfortunately, many countries still prohibit using Bitcoin for payments, so this is an obstacle for business owners who
want to accept Bitcoin payments. Hopefully the government that prohibits Bitcoin as a payment can change its mind and can see the positive side of
legalizing Bitcoin as a means of payment.

I believe that accepting bitcoin or having another mode of payment in their business will become one of the advantage of a certain business to other business. Of course this would be one of their marketing strategy that in fact will become one of their great asset because the world economy today are slowly accepting cryptocurrency. This isn't much gaining a massive attention but I do believe that time will come that cryptocurrency will become a useful currency in the world.

Honestly, instead of thinking of an acceptance as a payment feature, I'd rather bitcoin become an investment fund of more businesses around the world because the data reports speak very clearly about this trend, especially after coming out of the pandemic period, such online investments are proving more and more important. Such as the success of Elon Musk and EI Salvador, the original idea was always a payment concept but after the rise of bitcoin they seem to focus it more as an investment

enthusiasm for bitcoin is growing year after year

in the future, for sure all businesses will adopt crypto payments but we must also be aware that the volatility of the bitcoin price will make many businesses owner add other options for payment via other cryptos besides bitcoin payment

When more number of people and business will be adopting bitcoins then there will be a possibility for having less volatile in bitcoin markers. It means bitcoin may rise up over the time due to its limited supply but the domination of beer markets might get diminished when more people are participating in one or other way.

When bitcoin will be having slow and steady bull market and very rarely bear market then merchants will love it to be accepting for their businesses.

Maybe not all businesses, but a lot of them will accept in the future. Not only bitcoin but other good alts for payment method like XRP, TRX or LTC, which incur very minimal transaction fees. A lot of btc holders up until now don't want to spend their satoshis because for the hope that it will gain massive value in the future. But some are already trying to spend their satoshis when they feel it is more convenient for them to pay via btc. Whereas, for businesses, the volatility issue is still their issue why some are still hesitant, but other merchants are now accepting for the same reason. We can't expect them to have the same preferences towards this matter. But the adoption is increasing every day.

No matter what we do, it can never change the volatile nature of the market. Even we would say that it lesser the volatility of the market Merchants will adopt the system if they want but this never gives them safe especially when they are mishandling their funds.

But there is one thing that could encourage them to adopt and accept Bitcoin if they know that this has been supported by the government and legally allowed as money tender in addition to fiat money. As in their mind that they were secured when the government is backing it up and they know that they can ask help if there is something wrong happen with them.

Nothing is guaranteed when we do talk about future whether most of them accepting Bitcoin payments or would remain still on what they do have now in terms of payment options.Not all merchants would really be that having positive insights towards Bitcoin or crypto as a whole.

They dont like for their stable profits to be affected by volatility which means they would really be hesitant on that part which isnt really that
surprising.Some of them are still observing.

If there would be some sudden influx of numbers of merchants adopting bitcoin or crypto then they might be considering on joining the bandwagon.

If movement of btc skyrockets among merchants, businesses and consumers, we will see volatility increasing more instead of getting reduced and balanced because with btc purchases from consumers' end, merchants and businesses will also sell their btc at month end or some time in future to keep balance between fiat-crypto. This will add additional instability to the already volatile bitcoin and may businesses decide to keep btc, it does not keep going up so if it drops, those businesses will also suffer so they will need to maintain the balance.

I have an argument here - if they (businesses) were to accept btc, they would have started to accept gold or platinum or even petrol against their goods or services because these things have a tangibility value.

Using Bitcoin as a means of payment in business is a good thing. Bitcoin makes transactions faster and easier. Many people have used Bitcoin as a means of payment and they are satisfied with the sophistication of Bitcoin. Especially for a Bitcoin trader or investor you don't need to convert Bitcoin into fiat to pay because Bitcoin has been allowed directly as a means of payment.

Frankly speaking I doubt that BTC is good for business. Its volatility is very high and no one cool analytic can predict the depth and time of its growths and falls. Moreover, if the company will receive some amount of money in BTC and then the price will suddenly fall and the same thing will cost more BTC, so the company will be in minuses. How to cover huge damage if BTC will suddenly fall on 20-25 thousands, for instance (sometimes new increase happens only in several months) ? What to do with salaries: to pay fixed price in dollars or in BTC? I’ve mentioned only some problems. There are a lot more of them. Business will suffer and even bankrupt if it always face this. Think it’s very hard to make business always using BTC as a means of payment.

We all will never know what will happen in the future, but we all want to hope for positive things that will happen. I really hope that business owners
can start learning about Bitcoin, so that they can at least know the benefits of Bitcoin, and is expected to adopt Bitcoin. But because Bitcoin also still
has some drawbacks, that's what some merchants are considering when adopting Bitcoin. I believe the price of Bitcoin skyrocketed this year,
has its own charm to make some merchants accept Bitcoin payments. It is profitable for merchants who have decided to adopt Bitcoin if Bitcoin
continues to rise in price, and if we look at the popularity of Bitcoin which is indeed increasing, Bitcoin is probably still in a bullish trend at least
until mid-2022.

I think a business with Bitcoin payments is more profitable than traditional payments, besides we benefit from our business, we also benefit from the increase in the price of Bitcoin so the profits are also many times. There may be very few companies paying with Bitcoin right now, but as time goes on, I think Bitcoin will become a paper money-like business payment in the future. Bitcoin fluctuations also cause losses if we cannot manage them, so we must be able to manage the Bitcoins that have been obtained.

If i am in a physical stores why would i use any payment method that has a fees attached to it when traditional payment system does not have any transaction charges attached. Have some logic, if i am making an online transaction i am more than happy to use cryptocurrency to safeguard my privacy and moreover i am not comfortable using my credit card when making online transaction due to security reasons.

It has to understand that prices are unstable which gives a reason why merchants aren't yet fully embracing the use of crypto but instead of considering this as an investment. As a business owner, it is really risky on our side, price fluctuations come anytime and this could create losses unless if we just hold and never spend them but that is impossible when we are in business.
But I believe that this come to realization and Bitcoin become an alternative online payment to major establishments. It was not necessary to hurry, yet we need to plan it so well rather than regret it later as there are a lot of things to prepare before accepting it.

Yes, the adoption of cryptocurrencies most especially Bitcoin for payment by all businesses is a good idea because it is more reliable, transparent and secure than the traditional or Fiat payment system but the disadvantage is that it is not a stablecoin that is, it has a fluctuating price which is affecting its total adoption by merchants and also, it has a huge transaction fee attach to it when whenever you make use of Bitcoin for payment which is not so for Fiat.

Some industries are still in shock as to which way to go even when some of them are accepting BTC already. Take for instance the Webhosting business which some of them are accepting BTC, the majority I believe had not been doing so.  What is worse in thier business is that IPFS (peer-to-peer storage system) is sort of a threat.

Some businesses also think they are already late in adopting because the bull run may be over at any moment. 

This might be a general perception among investors but I don't think it could be a reason for business not to accept BTC payments. I think a lot of companies are still debating on which way to go, as is the case with the company I work for that accepts BTC payments only as a trial but has not officially launched full-fledged BTC payment system yet.

The main reason is their managers are not yet sure about accepting BTC, let alone integrate it into their business. I am actually the assistant for the CEO and I think the decision to allow BTC payments is based on the expectation of better future revenues for a business after they will start using BTC for payments.

Most of the executives are said to be interested in Bitcoins and are willing to accept them because of that. I personally think a lot of things should be made to work first before they will be used for purposes they were intended for. For example, in the business to business sector (B2B), it would be ideal if a business could use a medium to transfer money worldwide instantly without going through a long payment chain like the usual fiat system. Without being able to make any such system exist for a long time, a lot of businesses won't have an incentive to adopt BTC.

I think the major problem for the industries, and even the economy, is lack of rapid technology adoption.

My own reasons why business men and women should accept bitcoin for a payment is because bitcoin have become one of the fastest way of payment without demanding of particular bank details and easy stress of bank verification, and this period you can pay your bills or import your business from any country and pay with bitcoin in your country easily without stress, all this can happen when both parties agree payment transaction with bitcoin.

The only downsides of BTC being accepted as mode of payment are the market volatility and the delay of confirmation (unless they’re using Lightning Network like El Salvador did). It’s what other merchants are still hesitant of implementing BTC as an alternative payment option. Just an opinion.

That’s true I agree with that. Bitcoin should be accepted as a means of payment and in some stores they accept bitcoin already. I believe the us of bitcoin in any sector as a means of payment will make payment flexible with minimal charges and less stress from unnecessary protocols like that of fiat payment. It’s also important to note that some organizations are still skeptical about the adoption of bitcoin as a means of payment in their organization because of its volatility nature. It’s either goes up or down, when it’s up the organization smiles but when it down they cry.

So many bitcoin features made it the most favorable option when it comes to payments, and many business have build knowledge over the years with the advantages of bitcoin as payments for good and services.

That’s true, companies that are accepting cryptocurrency’s payments are also making an investment, because when they accept cryptocurrency to their wallets as time goes on the asset continues to increase in value, which means more income for the company. An example of this is Tesla, we can remember that  they invested in Bitcoin earlier and after some time,when the price of Bitcoin increased in value they were able to make lots of profits from the investment they have made.

And it doesn’t only benefit just the company, it will also benefit the employees who are receiving their payments as cryptocurrency,'cause that as well is going to mean more profit for them as time goes on. So, the idea of companies accepting crypto is really good and should be accepted.

apart from their volatility, they are also difficult to control and this I think will be a bit detrimental if you want to continue doing business through btc.
their prices are very volatile and hard to predict this will make the business a risky one to do.
on the other hand, no one can really guarantee that btc will always go up and stay in a stagnant price because there is always a correction.
so I think it would be very reckless to use btc as the main source of business funding.

I hope all of them are open-minded when it comes to bitcoin have a downside, as we know, not all the time bitcoin is always on the top and the price could be down any time soon and that is the problem if they don't understand. The volatile nature of crypto could the price possible up and down and there is no permanent price increase. Businessmen should understand this first.

But overall the acceptance of bitcoin in your business as a mode of payment is a good idea and it could have a lot of benefits. Besides on that, you are helping bitcoin itself to increase the price.

Would it be possible if you could please elaborate on how it could save you stress and unnecessary charges?

As far as I know, every transaction involving BTC has a transaction fee that costs north of $6-$10 depending on the price of it on the market. In addition, transacting via fiat is convenient due to its simplicity and straightforward use. The problem with transacting with BTC is the eligibility and legality of it on a country. If the government prohibits the transacting of such, then you are compelled to use a mixer in order to avoid getting tracked.

While this may be true, BTC should be made available as an option to most businesses as a form of payment. The possibilities are endless and it would bring more exposure to BTC and about its current use.

Reasons of Why Your Business Should Accept Bitcoins
Cost. Credit card fees usually run around 2-3%. ...
Safety from Fiat Exchange Rate Risk. Bitcoin is certainly volatile. ...
International Sales. ...
No Chargebacks. ...
Ease of Use. ...
Publicity. ...
Cutting-Edge and Forward-Thinking Brand Identity. ...
Speed.

So, volatility is the main problem here.
If you want to take some big facilities, you must have to miss some little facilities.
I work in a multinational company, I get my salary in the first week of the month. On receiving the salary usually, I buy bitcoin/altcoin immediately with some part and I keep the rest for my expenses. I don't sell my holdings until it reaches my expected target, it gives me a passive income.

So if companies really want to adopt Bitcoin, initially they can pay half payment in Bitcoin and half payment in fiat money until the employee is fully educated with the functionalities of Bitcoin, it can be a solution, Those who had problems with volatility will no longer have any complaints. Many people do part-time jobs in Upwork & this forum, the employer gave the payment in bitcoin/other coins, In this case, the employees do not have any complaints because they know the functionalities of Bitcoin and know how to make a profit from Bitcoin.

But even if the full payments is in bitcoin the company can convert it to fiant at any point instead of receiving half payment in bitcoin and another half in faint paper money which can result into double transaction fees from the customers.

those who already know the benefits of bitcoin will obviously not hesitate to accept payments using bitcoin. but not all of them already understand to be able to do that, so it may not be effective in the implementation that will be carried out.

it is clear that management does not want to accept payments using bitcoin if not many are using it, because it is clear that it will make implementation more complicated, because there will be many options that occur.

if many use bitcoin payments, it is clear they will benefit because at the same time they can make investments that might make bitcoin acceptance even more profitable because the price increases. all options can happen because not all countries or institutions can and are able to run it (accept payments with bitcoin).

Should everyone introduce such an opportunity? As for me, this is really important and useful, but it may not be useful for everyone.

The reason the company accepts payments using Bitcoin because of its anonymity is very reasonable, because many of the customers who want to maintain the privacy of their identity like me.
Another reason companies accept Bitcoin can also get the difference in profit from every payment made by customers, this difference in profit can be obtained when the price of Bitcoin rises.

Bitcoin users continue to rise significantly, during the pandemic many types of investments die but bitcoin and cryptocurrencies show amazing performance so bitcoin deserves to be the best investment today, accepting bitcoin for business will make consumers increase drastically.

In the ongoing COVID pandemic, most investors predict there would be worldwide inflation. Because of this fear, they converted their fiat money and increased their investment in Bitcoin & cryptocurrency. That is why the price of Bitcoin has continued to rise despite the terrible epidemics around the world. And according to the predictions, The post covid situation is constantly taking terrible forms, now there is inflation around the world, oil prices have risen in the international market. Maybe the situation could be more extreme, the price of fiat money could go down further. but ignoring everything, the price of Bitcoin continues to rise.

It is good for the company, but for the employees, I am opposed to it. It is inconvenient for me if the price of Bitcoin decreases after I get Bitcoin, or I want to buy another cryptocurrency.
For companies, they can accept Bitcoin to pay their salaries, allowing employees to choose whether to use Bitcoin as a reward. In this way, the problem of the decline in the price of Bitcoin after employees are paid in Bitcoin will not be considered, and employees who use legal currency can also receive legal currency compensation.
I think this is more convenient. It is not mandatory for companies to fully accept payments in cryptocurrencies.

I really love this that Bitcoin is a business within a business which is absolutely correct. This is what most people are missing from especially the government of my Country restraining people to achieve business in business.

You are right on this, not everyone will want to pay using bitcoin for every little transactions. Most of the elderly will not want to border themselves with the trouble of having to understand the technique of the bitcoin network.

That's the pro's then lets talk about its con's.

- Tendency of negative profits when the market tends to make out some u turn
- Legal issues
- Security issues itself
- Not really that much familiar

There would really be some sort of questions on mind would be made but if you do really tend to compare or making
it neither it outweighs the positive on negative then it is really considerable.

anything that is profitable will become a business and this is the basis in the economy including bitcoin which has value and offers benefits to those who own it because basically a business is a business is an organization or economic system where goods and services are exchanged into other forms or in the form of money . Every business needs sufficient investment and customers to sell its output at a certain quantity to make a profit.

good idea, the problem is people still dont know about bitcoin, and prefer to keep it until the price good enough, sell for be riches.
in small village, its hard to implement this idea, good method but none want to act is nothing. hard to explain them from beginning, or just wait until time show this stuff to them.

if i had my own business i would do it. Accepting payments with bitcoins is currently a great move and can earn more profit from bitcoins. but first they have to have a strategy in case the bitcoin price goes down. but not all business people believe in the future of bitcoin or are afraid to lose when the price falls

Volatility is the least thing businesses should worry about, since they can easily cash out BTC to Fiat. There are payment gateways which instantly convert BTC to Fiat at the current exchange rate. If that's not enough, businesses can accept stablecoins as payment method in order to gain the benefits of crypto/Blockchain tech and the stability of Fiat. There's simply no excuse to avoid accepting Bitcoin as payment method.

I think the reason why most businesses haven't done the move is because of fear from the government. Regulations in some countries are strictly fierce against crypto/Blockchain tech, so this scares away many businesses from accepting Bitcoin as payment method. Crypto may have numerous benefits, but it's highly risky. As more governments legalize Bitcoin, more businesses will join the game. Who knows if someday big retail stores like Walmart and Amazon adopt Bitcoin as payment method? Just my opinion :)

If you have to convert btc to Fiat instantly then why not proceed with centralised Fiat payment system that is trusted by businesses world-wide. Businesses with low turn over (that doesn't fall under government regulations) may accept btc payments if issue of volatility and scalability are resolved.

Of course, this is not an easy matter in that it certainly has to go through a very long process considering that currently bitcoin has not been widely adopted so it is very difficult to make payments using bitcoin in the form of business investments.of course it requires some appropriate steps to implement this because this must be done. get approval from both parties for the transaction process

If we are to accept bitcoin for payment of bills is every country that will accept such, because right now too some countries is making payments with bitcoin which i know that is not everybody that is paying with bitcoin, i just try reason this and i normal point bitcoin payment will be fast if its accepted but the charges will go higher so i think many people will prefer the old fiat than making payments with fiat.

I think,,, you should ask businesses if volatility is important or not.

Why do 90% of merchants who accept Bitcoin only accept fiat settlement as you say? Because of volatility! That means they use stuff like Bitpay,,, which actually means merchants do NOT have Bitcoin wallets. You pay with BTC, Bitpay changes it to fiat and gives it to the merchant. So this really means they are not even accepting Bitcoin,,, just letting people pay with Bitpay or whatever gateway.

Guess how much fees they have to pay to accept that. And have you seen Bitpay's fees to you as a user? You actually sometimes have to pay more to use Bitcoin.

And then refund. What happens if you paid 1 btc when price was 60k and then when customer request refund of 1 btc, but price is 70k? Bitpay will bill the merchant the new price, probably worse rate than spot!

Of course volatility is a huge factor for business :)

most people now 50%already use bitcoin and there are also businesses that accept bitcoin payment so there is a reason that bitcoin will be accepted soon in patronized stores, maybe because there is not enough cash and usually cases are now using  of digital payment like credit card and also now promoting bitcoin somehow.

If they do so, then it means you don't have to pay outrageous international bank fees, and there is no point in waiting 3-5 days for processing of your transactions.

If that's the case, then businesses are better off with Fiat as payment method. They could choose stablecoins if they want to, but then they'll have to deal with the underlying blockchain network's scalability issues. Imagine trying to withdraw a stablecoin on an congested blockchain network like Ethereum and having to pay huge fees in return. It wouldn't be feasible to run a business this way. It's all a matter of convenience and ease of use. Knowing that Bitcoin has many limitations, I don't see major businesses joining the game anytime soon. At least, Bitcoin is doing well as an alternative to the current monetary system. As long as it remains decentralized, nothing else matters. Just my opinion :)

Exactly! I am a big fan of crypto for sure but the problem that people do not realize with business is that volatility is problematic because at the end of the day they pay bills, salaries, loans, rent, suppliers, everything all in fiat. This is nice to know if crypto always goes up but if it goes down then they can get in debt very quickly.

So crypto is not a good solution and stablecoins maybe (if you use Layer 2 then fees is not problematic.

Well the fact still remains that if business can adopt lightning network for they transactions and being able to serve all it underlying problems then Bitcoin will still remains the best option for payments.

I do understand if some businesses want to accept Bitcoin for their services or goods but what I don't understand is why some people now think that Fiat has unnecessary charges associated with it with regards to doing business. Before Bitcoin, Fiat has been the main means for a transaction and still is even now, and don't also forget that Bitcoin too, does have Fees for transactions. I just believe that whatever form is best for anyone/organization is what they should go with even if it's both.

The transactions being referred to is the time you will buy or cashin some bitcoin. Here in my country it was still not popular due to some users who expects no transactions fee when cashing in . There are fees or less amount they will get in btc when they buy and see it in their apps. They are not aware yet that those fees can be recovered once their crypto pump if only they will hold and trade. Some just see the negative side but didn’t bothers to tackle what benefits they can get more. So those who really know crypto should only accept btc and when ask by their customers they can explain it how it really works to convince them.

im not sure if half population using crypto, and its hard to reach 50% all of the world until some years. in my place, crypto still taboo, something strange, and hard to know by people here.

profit will be gain be buyer and seller. sometimes one of the other will regret after paying or receive because of fluctuation number.

We are now in the computer era, more and more things happen online and I think we should have to embrace and adopt such changes for us to become more productive. To adopt crypto and even make use of it doesn't mean that we are ripping off fiat money, it was just an alternative and I think it was very clear to us.
The use of crypto is still limited at this time, only a few have already accepted this. if this going to happen that establishments have this payment option, it could really be expected that many will also spend their crypto rather than converting it to fiat money and they save time in return.

Personally I don't see why many business wouldn't accept bitcoin as a payment form.  I think by adding bitcoin as a payment form it makes your business a bit more diverse in some ways.  I recently helped my dog groomer set up a little stand with a bitcoin QR code to be able to accept bitcoin from her customers.  This kind of set up is such a good idea in my mind.  Helps you diversify your payments into an investment as well.

Indeed. It will make your business a little unique. Adding bitcoin as a means of payment will give you a better security. It will also avoid chargebacks. If i have my own business in the future, I would do it. Accepting payments with bitcoin is currently a great move and can earn more profit from bitcoins. But, you must also be ready and have a plan or strategies whenever bitcoin price dump because if ever you don't have, you might lose your money on it.

I believe same as bitcoin will serve as edge over every transaction most especially in a business setting that payment is required and speed and scalability is desired. Cross border payment will be made easy.

Talking about speed, that becomes unmeasurable knowing that it adds more traffic on the networks once we all use crypto. I expect delays during that time and I think this needs to address first before we got this biggest change and adoption. And we have to consider the fees and might to happen the people will still choose fiat money if that they can save the fees. Time and convenience really matter but if the confirmation is still in delays, can be a problem.

That is the main objective of the creator to make no boundaries in transacting , faster and even easier .
But like what mentioned in above me , it is the Fee that most has concerned specially when congestion happens in which makes the fees more than multiple times than fiat sending.
and also People must learn how to use lightning network as this is really the best tools for small transacting , lets admit that until now only few are using this way even in micro transactions .

There’s no government authority that controls Bitcoin, which is the main reason behind its transparency. Decentralised Finance (De-Fi) provides plenty of advantages to investors and customers by eliminating central oversight and unnecessary intermediaries which reduces the overall transaction costs and time. Businesses should accept Bitcoin payments to avail these benefits of De-Fi.

Government have power over everything the thing is that government never come together to attack bitcoin because is if world government is talking the same or come together to have conference because of bitcoin they will succeed by eliminating bitcoin totally, why we are deliberating all this, is because bitcoin is only attacked by separate countries.

I think using Bitcoin as a payment in a business is difficult to happen even though there was already some who offer it. Because many businesses accept e-wallet apps with digital transactions also use QR codes, this is like a Bitcoin payment system. And e-wallet is also supported by the government to be used as an easy and efficient payment. It is difficult for Bitcoin to compete if its existence is not recognized by the government.

When you accepted bitcoin as a payment in your business, you beginning to feel positive things in your business as never before in your environment. Despite many investors are afraid of market bearish than bullish, it will be better for the investors to understand that when the market is bearish show that profit making is approaching in the market. Now that the price of bitcoin is still reducing in the market which no one know when the price will increase  to $60k before people will start making profits as usual.

This is the Era of science and technology. There is a trend of modernism and advanceism everywhere. Today, people are ready to accept new ideas and new things. They are eager to participate and want to learn new technology-based things. Crypto is one of the same. Many companies and businesses are accepting payment in bitcoin, Some are making atmosphere to do so. In Future the as the scope and field of Bitcoin will spread more quickly. There will be no problem in receiving and paying payments in bitcoin.

Even we like it but have to accept that we don't hold the fees and time over transactions as it will depend on the network loads. The congestions give trouble to those who want instant and this can never be possible for now, maybe in the future. Until this time, I think not even reached 1% who accept crypto payment or the number of users.

That I could think sometimes and I think this is really the future of crypto, and that to become solely for investment, not a currency which we thought of before. 

As you know it is modern world and new currency is introduced called crypto currency. Which got too much success in this time and many companies use Crypto Currency as payment asset like tesla,  axa insurance and many others. And businessman should accept bitcoin for improve payment method and for future survive.

For some reason it is not appropriate for Bitcoin to function as a B2C (Business to Customer) which is a business to provide services or sales of goods or services to individual or group consumers directly. Different with B2B (Business to Business), this type of business deals directly with consumers, not companies or other businesses. By using B2B payment of bitcoin transactions will function properly because the customer agrees with the terms of the bitcoin value, this business model is the right one for payment because the value of Bitcoin is unstable and it is decentralized

Acceptance sounds very classy and has the class of a technologically advanced business but to think about the positive things in this acceptance is probably just a plus point in appearance and contributes to brightening the view of the business in the hearts of many people. The reason for this thinking is because currently, the number of businesses paying with bitcoin after pooling is probably only a few percent, the internals of these companies are also mostly cash, instead of bitcoin, customers and partners are no exception, businesses are very unlikely to be selfish and maintain bitcoin in their environment.

Bitcoin best serve as a payment system and a scalable tools that most business will adopt bitcoin because it give a trance border transactions. Business that adopt bitcoin will have a hedge over those who are not accepting.

In my opinion, If only a small portion of your business is crypto then volatility affects you very little, and it would be good for you to learn the ropes and get stuff set up so you can grow with the userbase of crypto. If your product or service is something that crypto people like a lot you can get more revenue and sales.

They are afraid to lose their money if the crash trikes and technically difference when you are using fiat money. Plus, the prone to hacking made them worry that one day they are a victim to hackers, can't neglect that especially when you hold a huge amount of Bitcoin.
I/we can push them to adopt the system and the community isn't ready enough as well. It can happen in the future and possibly will not. That I could say Bitcoin is just an option, not everyone will make use of this nor all the establishments will offer such payment option.

Companies will like to make payment with cryptocurrency because they have seen the rotational value and long life spam of cryptocurrencies. This world is full of mimic and nobody will like not to be in queue of progress. it seems that bitcoin now is known world wide and entrepreneurs will like to embrace it by using it for importation and exportation bills of transactions as exchange, because no company that does not welcomed bitcoin as a means of exchange now.

Bitcoin acceptance in business will make thing so easy . It will save time . It will be so helpful for anyone even buyer or seller . Can make profit by its up n down position.. Many companies like Tesla is accepting cryptocurrency. And I think in future crypto will accept in all over the world instead of paper money . No tension of steal money and it will increase in amount if market goes up. So there are huge benefits of acceptance btc  in and business.

Accepting bitcoin in any business would be a pretty good idea, but any businesses that are doing such should be clearly aware that it is also a risk to their business in some way. Because if it’s a business that would require constant funds, then it’s good to always plan carefully and maybe not keep too much of the business in bitcoin if they would still end up needing it anytime soon.

The only part of the business money that should be kept as BTC are the funds that the company will not be needing in a long term. That way, if the price of BTC in the market should go down, it wouldn’t affect the market that much and they would be gaining from it when the market goes up after a long term.

I would love to see more companies to accept BTC payment but the reality is, quite few of smaller businesses are too cheap to even accept cards because of small fee they have to pay, I cant imagine how they would chose for BTC where fees are much bigger. For now im fine to exchange my crypto to fiat and pay with Binance or Crypto visa card.

As far as it is about convenience, I think bitcoins are easier for transactions in comparison to fiat currency. Businesses can definitely keep it as a mode of payment along with other modes to let people decide how they wish to proceed.

I believe business owners accepting bitcoin is just a choice depending on the perspective they see it, but I believe it will be very nice if business owners accept bitcoin as payment method I believe lot's of people are scared of bitcoin because of the volatility but I still believe bitcoin should be accepted world with which will replace fiat currency as payment method.

in some big companies have implemented it but to implement it in all companies may be difficult even though the country is a country that can accept bitcoin. I mean not everyone can manage and receive bitcoins well and prefer to be paid as usual. but it's a good idea where companies that implement payments with bitcoin means they are ready individually too to be able to accept it. especially now the development of bitcoin is also getting better so I think it will be very profitable if you can handle it well.

They are accepting bitcoin as means of contact exchange but like salary payment of workers or participants they are not using it for payment because is not every worker that will agree to receive payment with bitcoin or any online currency depends the country you came from,but people who are civilize of digital currency can agree for it.

well, actually, to accept bitcoin in any business there is a very simple reason, namely to reach a wider range of users. we know that crypto users, especially bitcoin, are currently scattered and growing all over the world. it is evident from its increasing adoption rate and very high price. by accepting bitcoin as an alternative payment on the internet in a business, it means inviting bitcoin or crypto users to become one of their consumers. well, at this time, business development also needs to adapt to technological developments to reach a wider market.

The main goal is to promote Bitcoin to the world so that people on earth make transactions with bitcoin.
Activities like this will encourage and motivate investors to buy Bitcoin, in my opinion this is the door to the crypto world that will be opened wide so that all mankind uses Bitcoin as a legal tender.
All large companies and small companies will get greater profits than they use fiat money as a means of payment, crypto currencies such as Bitcoin will provide huge profits for companies when the price rises.

^ He didn't say to invest all business money in Bitcoin. He just said Accepting Bitcoin to pay the servant or using bitcoin to make any business-related transactions. The only issue is here Bitcoin's volatility, nothing else. Bitcoin is too much volatile to make huge business-related transactions. It could happen they set a pegged price 1 hour before making the payment. but after the payment, the price could be fallen instantly, it is really a big issue for the servants who need money instantly.

Of course, everyone wants payment in cash in an investment or as a transaction because cash can be said to have been used among the public.but for miners. payments through digital currency are also appropriate for cash, which we can do transactions in various forms.so for me it is not affected whether it is through payment in cash or digitally or payments using digital currency in bitcoin such as transactions in something we want to do

How i wish you understand even at least the Title , and that is Why People is accepting bitcoin in their businesses .

Again , hope you understand the thread completely , Miners that will demand cash? from where did you get this idea?
Please refrain from posting in thread that you don't even understand.

The business owners will get the most benefits of accepting BTC,when they start using it to purchase goods and services from other businesses.Bitcoin should become a business-to-business currency,also known as B2B.Getting adopted by B2C companies (or business-to-customer) is also great,but the companies will eventually have to convert the BTC into fiat,which kinda makes the whole BTC adoption process pointless.

Also bear in mind that if the company is using a 3rd party due to not having their own node, then there’s no decentralization in that. That aside, companies accepting Bitcoin as payment system will ease the burden of charges and easy tracking of transactions

Lol unless the company is willing to keep the Bitcoin on hold then yeah they will benefits but if they will circulate the coin and then the value in fiat drops hard then how can they afford to  sustain their purchasing power that surely now all are using crypto to purchase.
this will only applicable in some but not at all and this is the problem of the companies that is why not all are willing to accept bitcoin because the Volatility is what will affect their system.
+1 here mate.

Now that the world is going into digital system, it will be favourable for business people to start accepting bitcoin as a payment in their various environment. Accepting bitcoin as a payment will make uneducated people in the country to start looking for where to enroll for adults school where they will be impacting about digital currency. Since many government have see the reason why they should make bitcoin legalized in their country, it will be better for everybody to know how to use bitcoin to purchase any kind of goods and services and pay with bitcoin.
Those countries that made bitcoin legalized, it will really help their business men that is accepting bitcoin in the country.

Me neither. I think they're quite skeptical about Bitcoin, as it's not backed by a reputable entity (like the government). Most business operators aren't tech-savvy enough to setup a wallet properly and start accepting Bitcoin payments. They'll be doing Bitcoin a favor by accepting it as payment method, since doing so will increase mainstream awareness. People who never heard about Bitcoin will be curious to know what it's all about when they see a business accepting it as payment method. If businesses want to protect themselves from volatility, they can easily use a payment processor like BitPay or CoinPayments which automatically converts BTC to Fiat on the fly. Bitcoin is growing in popularity at a fast pace so it should only be a matter of time before major stores and retailers accept it as payment method. Just my opinion :)

It gets your business noticeable to the people if you publicly announced that your business is accepting Bitcoin as payment. Because accepting Bitcoin today is not yet normalized so it makes your business unique as some point.

On the other side, it is advantageous with Bitcoin as it introduces to some people who doesn’t know. When people noticed and people keeps buying, it maintains the Bitcoin price.

Adoption does affect overall value but having these businesses would really make out some significant awareness and exposure about bitcoins existence.

Not all would really be that open when it comes to regulation or something that allows businesses to deal with crypto but since this is situational because not all countries have the same regulation.

So its up only to business owners when it comes to these decisions

Business owners have different priorities and right now, most of them I believe, their main aim is just to survive as we are not yet out with pandemic crisis. And another covid variant is threatening the world again. So an alternative option may not be their priority but with people trying to avoid using cash, crypto is one really good option to offer to their clients. However, with high volatility, this is why most owners are worried of.

Business needs to cope with the advancing technology as well as meet the needs of the consumers. Adding bitcoin payment to any business isn't gonna cost big. Whether the existing customers prefer using it or not adding it could bring more business with time. Everytime a new service gets added in exchange for bitcoin, the usage increase a little. This could make an impact when we see the combined growth.

With businesses a volatile asset as payment will increase the risk. This could result in unexpected loss as well as massive profit making. It is all about the market handling, when we're ready to get adopted to the market automatically we'll enjoy it. Or else through a third party service this can be done.

Considering how easy and efficient it is to use bitcoin, this is a good idea. The use of bitcoin as a means of payment for companies can cut the flow of the bureaucratic system that sometimes takes a lot of time, complicated processes and costs that are a lot different from the use of bitcoin which is more concise and transparent.

with bitcoin not being accepted as a transaction tool or recognition from various countries, it is a bit impossible to make payments using bitcoin in a business or investment, ban if a company has reached an agreement with workers but this can be done if both want to accept bitcoin as a legal tender for both of them but not for the public because it has not received legal recognition from several countries so this needs to be reviewed for a long period of time

Not all zoomers have credit cards and yet most of them are exposed to crypto. If you want to business with this new generation which don't use credit cards, you have to accept crypto. Businesses shouldn't necessarily think bitcoin/crypto as an investment. They can take crypto and convert it to FIAT, stocks or whatever they want immediately. Accepting crypto is just about collecting more money, having more customers.

This is often reason crypto legal adoption is fundamental for each nation to create less demanding life to the common poeple,It will offer assistance to boost income of the trade and unused new businesses will diminish the unemployment of the nation and it is postive marker of the economy.May be it difficult on introductory premise but individuals will receive it effectively and continually pay with crypto,It offer assistance to dont hold up for open of bank to pull back cash but pay from crypto wallet any time without any jump. I accept that nowadays there were numerous trade foundations and new companies that was willing to include a few crypto installment strategy on their installment frameworks but still no positive reaction from the government side.

But this is also true it can give u stress in bearish moments. Both impact have to carryout in  business. But at the same time it is also a great method because of its security and easy process .and also save time .  I think everything is positive in adopting btc/crypto currency in business except maintenance of bearish time .

Before any company will accept Bitcoin as payment on their system, they, first of all, develop the payment gateway software that eradicates the services of middlemen, it will be informed of scan and pay system or POS using cards such as the binance card.

The possibilities of getting stress even you set your system to keep synchronizing with the current market, we don't know how the market will move in the following days, if you are a small time business owner this kind of volatility will affect you in terms of short-term impacts. But by doing your good research and capabilities in taking that risk, the chance of making good money is also possible.

It's just a matter of how good you are in dealing with your research. The more you engage your business to adopt, the more that you will enjoy the benefits.

But we also had flash crashes in the past that were so intense that no level of research in the world could have saved you from that. If you seamlessly convert that crypto into fiat I think it could be a good move to add that option to a customer's choices for payment. If we get to the point where we can pay with crypto in almost any country, it might turn out to be a comfortable option how people choose to carry their money with them and how to use it without having to go through expensive exchange transactions before.

...And if the price goes down? We all understand that Businesses or organizations need money to make everything move smoother in that organization and even though sometimes the price of Bitcoin can continue to go up, at the same time we also know the reverse can be the case and this means that these businesses might be losing capital in this case unless the price for their commodity or service will fluctuate in BTC based on market volatility.

Is only companies that can mainly accept cryptocurrency for exchange of payment for countries that is not well known, bitcoin now becoming know to people and almost every one like bitcoin not all will accept payment with bitcoin because some is still afraid of bitcoin till date

This is why many companies are diverting their attention to Bitcoin payment software development that will help their company payment system, while some other small companies are afraid of accepting Bitcoin payment because of its volatile nature.

Unfortunately, many countries do not want to open up to see bitcoin technology. Instead, they consider bitcoin to be a threat to their country's money. Even China after shutting down all crypto activities they are making their own digital money. Because of their digital money they can control and supervise.

But it is indeed a number of companies that have opened themselves to accept crypto as payment. I think it happens because owners or business owners believe in the future of crypto. In addition, the cooperation certainly provides benefits for both.

In most cases on which majority of countries does have the same perception or views towards bitcoin on which it is really treaten negatively which it isnt surprising because government doesnt really like its properties which it isnt really surprising.Businesses out there will neither do or do not accepts bitcoin because this would not only talks about regulation but also with volatility.

until when the countries in the world change the wrong perception about bitcoin for many of the same reasons we don't know that ... but when some countries start to open up to using bitcoin and crypto it may be one proof that bitcoin is not what they think.. ..
and with the volatility bitcoin will offer them an advantage not like money which is getting more and more inflationary

maybe at this time it is very difficult to realize this, especially since the adoption of bitcoin has not been carried out widely by several countries in the world, but if bitcoin adoption has been carried out by several countries, it is not impossible that the payment of an investment that can use digital currency In this case.if payments using bitcoin occur in the future this will have a very good impact on the survival of bitcoin in a very long period of time and we can almost say it will be better than fiat if this is actually realized

I think businesses should accept a bitcoin payment without any worries. Bitcoin is safer than a fiat currency in terms of getting counterfeited due to the use of blockchain technology. Bitcoin is more legitimate in terms of transparency than the regular currency. Besides, it provides the ultimate privacy by removing the interference of central authorities and useless intermediaries.

The business should accept bitcoin because it is fast, secure, decentralized, and acceptable worldwide. As a business, when you start accepting bitcoin there is no third-party company such as PayPal or Stripe. It is between you and your customers, where customers can make transactions directly to you without the middle man. Bitcoin provides more privacy and freedom to both businesses and their customers.

But thing about;

1. Regulation
2. Volatility

Business owner doesnt really like to have decreased profits on the profits that they had made and they would be seeing
this volatility to be a big problem and they dont like that thats why most of them doesnt really recognized nor tend to do so.
Some are still in observation mode or still in neutral.

The fact that some countries are against crypto/Blockchain tech as a whole, makes many businesses wary of accepting the "new kind of money" as payment method. They're afraid of getting penalized by the government by doing this. Not only that but volatility is one of the many reasons why businesses are skeptical about Bitcoin and other cryptocurrencies on the market.

The pioneer cryptocurrency (BTC) has enjoyed mainstream support from certain businesses, but Fiat is still "king" when it comes to making payments on a daily basis. Most businesses are with Fiat, despite the numerous benefits crypto/Blockchain tech provides. This won't change anytime soon, because of the reasons mentioned before. I wouldn't worry about this as long as Bitcoin remains as an alternative payment system for those who need it the most. Just my thoughts ;D

you forgot to mentioned security mate in which one of the concern of business owner is the safeties of their coins from hacking and scam in which the most problem from the past and the reason why many denies this to use as of the concern of losing their funds just like that.

but indeed that volatility and regulation is the main reason why they are still hesitating to adopt bitcoin int heir businesses .