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Author Topic: How can we encourage local businesses to accept BTC?  (Read 158308 times)
jossiel
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March 23, 2017, 02:18:18 PM
 #1001

I think you can give them a short explantion as to why you support bitcoin.

Short explanation isn't going to be enough to show those local business owners why you support bitcoin and on how they are going to benefit from it.

You need to show and explain why they are going to get benefit from it like giving their customers another way of paying their services and goods.

And of course disclose to them the disadvantage of it.
And when you speak or disclose about its disadvantage then most of them or all of those owners will directly neglect or refuse bitcoin but well its a part on explaining it so that they would be aware about bitcoin even more.Local business owners cant really easy adopt bitcoin since its not being regulated by the government and they dont like unstable prices.

I guess they won't since they are open-minded and they know how business works, for sure they know that it has risk and negative impact to the people.

They will simply understand it as long as you can defend that negativity into positive opportunity.
It depends on the approach you will made on how you would able to explain but there are business owners who were close minded persons which they would stand for their own views and beliefs in terms of business and most of them do really like to play safe which means chances of being rejected or neglected about bitcoin would be really high.

Yes as long as you are going to approach them positively and on a encouraging spirit that can make them brought up with your feeling.

And when they feel that you are sincere and they are going to trust you, they won't have any doubts on you.

But make sure that you are not going to force them to accept bitcoin, it will be the bad way of encouraging them.



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LuanX3
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March 23, 2017, 02:42:34 PM
 #1002

I think you can give them a short explantion as to why you support bitcoin.

Short explanation isn't going to be enough to show those local business owners why you support bitcoin and on how they are going to benefit from it.

You need to show and explain why they are going to get benefit from it like giving their customers another way of paying their services and goods.

And of course disclose to them the disadvantage of it.
And when you speak or disclose about its disadvantage then most of them or all of those owners will directly neglect or refuse bitcoin but well its a part on explaining it so that they would be aware about bitcoin even more.Local business owners cant really easy adopt bitcoin since its not being regulated by the government and they dont like unstable prices.

I guess they won't since they are open-minded and they know how business works, for sure they know that it has risk and negative impact to the people.

They will simply understand it as long as you can defend that negativity into positive opportunity.
It depends on the approach you will made on how you would able to explain but there are business owners who were close minded persons which they would stand for their own views and beliefs in terms of business and most of them do really like to play safe which means chances of being rejected or neglected about bitcoin would be really high.

Yes as long as you are going to approach them positively and on a encouraging spirit that can make them brought up with your feeling.

And when they feel that you are sincere and they are going to trust you, they won't have any doubts on you.

But make sure that you are not going to force them to accept bitcoin, it will be the bad way of encouraging them.

It takes more than positivity to encourage people to basically change their perception of money and move into cryptocurrency. Change is scary for most people. We have to really convince them about the benefits and uses of bitcoin.

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mrcash02
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March 23, 2017, 05:29:51 PM
 #1003

Now with the Hard Fork possibility it will be really hard to encourage someone to start accepting Bitcoins... The possibility of a splitted community doesn't inspire confidence from investors and businessmen looking for a new payment method for their sites, stores, etc. The best to do is to observe what will happen with the currency in the next days and weeks. Introduce a layman in Crypto-Currency now can be frustrating.

jossiel
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March 24, 2017, 10:14:46 AM
 #1004

Yes as long as you are going to approach them positively and on a encouraging spirit that can make them brought up with your feeling.

And when they feel that you are sincere and they are going to trust you, they won't have any doubts on you.

But make sure that you are not going to force them to accept bitcoin, it will be the bad way of encouraging them.

It takes more than positivity to encourage people to basically change their perception of money and move into cryptocurrency. Change is scary for most people. We have to really convince them about the benefits and uses of bitcoin.

Actually they don't have to move from money to crypto currency. It's all about acceptance and there's no risk on it if we are going to see it on the lighter side.

They will just simply apply this "Bitcoin accepted here." Simple as that and they don't even have to invest on it but only by accepting payment with bitcoin.

Another thing is the price is very unstable that can give them some fear.



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March 24, 2017, 11:54:11 AM
 #1005

Now with the Hard Fork possibility it will be really hard to encourage someone to start accepting Bitcoins... The possibility of a splitted community doesn't inspire confidence from investors and businessmen looking for a new payment method for their sites, stores, etc. The best to do is to observe what will happen with the currency in the next days and weeks. Introduce a layman in Crypto-Currency now can be frustrating.

Still, many people don't know about this hard fork yet because only a few people who are showing interest towards bitcoin will understand the word hard fork. I hope it is not possible with bitcoin and also it is not the right time to suggest for local business people if bitcoin price falls down they will scare about it.

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March 24, 2017, 01:46:49 PM
 #1006

I think the problem is that it is too volatile at the moment for shops to accept Bitcoin. If they pay their suppliers in Fiat, then by the time they have sold the goods Bitcoin could experience a drop in price so even if the store owner sold the goods, they still might not be better off.

It will happen I'm sure, just not until it stabalises more on price.
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March 24, 2017, 05:36:36 PM
 #1007

We must demand that they accept bitcoin and we must persist that accepting bitcoin as payment can bring in more sales and new customers. We must keep persisting that they accept bitcoin. With enough people, they might consider it as one of their payment methods. Hopefully as bitcoin users increase, it will influence businesses.
well demand will let them think to accept it and more explanation and showing the advantage and benefits of using bitcoin for their business
will also gather their interest, as business minded people always look for an advantage for their profits so if they will see that bitcoin will give
them favor for sure they will embrace it in no time.
yeah you should have a good and a little bit large bitcoin community around ,
so you can make the job to encourage local business to accept bitcoin easier ,
explain everything together and it will attract people to come ,
as they curious what happening there , and that time is the show time.

It wil be great if local businesses accepts bitcoin but why not focus on the root of the problem on why they don't accept it? Imo it is because they have

never heard of it/using it and not a single customer have mentioned it. I'm one of those people who believes that if bitcoin became popular, Its

acceptance from various kinds of business will naturally come. What we should do now is to increase the satisfied bitcoin users.
that's why i told you to ask for friends help to explain bitcoin together lol ,
then you can figure out what makes people don't want to start using bitcoin ,
why they did not know yet about this cool and popular stuff on the internet ,
find a solution for that and convince them bitcoin has a lot of advantage to offers.

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March 25, 2017, 05:14:07 AM
 #1008

We must demand that they accept bitcoin and we must persist that accepting bitcoin as payment can bring in more sales and new customers. We must keep persisting that they accept bitcoin. With enough people, they might consider it as one of their payment methods. Hopefully as bitcoin users increase, it will influence businesses.
well demand will let them think to accept it and more explanation and showing the advantage and benefits of using bitcoin for their business
will also gather their interest, as business minded people always look for an advantage for their profits so if they will see that bitcoin will give
them favor for sure they will embrace it in no time.
yeah you should have a good and a little bit large bitcoin community around ,
so you can make the job to encourage local business to accept bitcoin easier ,
explain everything together and it will attract people to come ,
as they curious what happening there , and that time is the show time.

It wil be great if local businesses accepts bitcoin but why not focus on the root of the problem on why they don't accept it? Imo it is because they have

never heard of it/using it and not a single customer have mentioned it. I'm one of those people who believes that if bitcoin became popular, Its

acceptance from various kinds of business will naturally come. What we should do now is to increase the satisfied bitcoin users.
that's why i told you to ask for friends help to explain bitcoin together lol ,
then you can figure out what makes people don't want to start using bitcoin ,
why they did not know yet about this cool and popular stuff on the internet ,
find a solution for that and convince them bitcoin has a lot of advantage to offers.

They need to understand bitcoin price will be up and down, but in this matter, the local shopkeeper will not convince about the price speculation.
They set up a business for money, but if they lost through trading than to regain the money it is not possible. Because bitcoin is completely online stuff.

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March 25, 2017, 08:37:44 AM
 #1009

The current state of the volatility in Bitcoin would be a big disappointment for local businesses right now. Will that mean they will keep adjusting their prices? What about the present BTC they are holding, that means they are losing value by holding them. Bitcoin was worth 1200 3 weeks ago now it is worth below 1000.

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March 26, 2017, 02:43:45 PM
 #1010

Dear knightkon,

You are very welcome to get involved with the revolutionary Blockpay product recently developed by Bitshares Munich. Please see the video below:

https://www.youtube.com/watch?v=bcuVSjR6gkk

See also their link attached here:

https://blockpay.ch/

As you can see, retailers are now able to accept any digital currency or asset (not only Bitcoin) as payment for their goods or services in a matter of seconds.

Moreover, the volatility issue has been resolved with this new technology including smartcoins pioneered by Bitshares. The Blockpay solution works at any brick and mortar (physical) or online store. The retailers just need to download and use the Blockpay app as a point of sale. They are also able to cash out the earned money in their local FIAT currency bank accounts if they wish to.

If you download the smartcoins app and blockpay app yourself, get the product information as well in printed version, then show your local retailers a live Blockpay demo, they might take you very seriously indeed.

Regards

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April 08, 2017, 11:05:58 AM
 #1011

Offcourse we can encourage local business owners to accept bitcoin by introducing bitcoin to them and making them understand the advantages of it. But it all depends upon the country. Because shop owners are answerable to government officials during the financial year end for the tax related issues. Its easy to accept bitcoin as payment in countries were bitcoin is officially annouced as legal .



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April 09, 2017, 09:20:25 AM
 #1012

Offcourse we can encourage local business owners to accept bitcoin by introducing bitcoin to them and making them understand the advantages of it. But it all depends upon the country. Because shop owners are answerable to government officials during the financial year end for the tax related issues. Its easy to accept bitcoin as payment in countries were bitcoin is officially annouced as legal .

One country that legally accepts bitcoin is Japan. As you can see, there's no need to market bitcoin there as Japanese people are accepting it enthusiastically.

https://news.bitcoin.com/japan-bic-camera-starts-accepting-bitcoin/

So you are correct, it really depends on the country if they legalized or against bitcoin. For countries that's against it, local owners or merchants will be facing a huge barrier promoting or accepting bitcoin as payment specially if you have a offline business. On the contrary, if you have a on-line business, you just have to put an option you are accepting bitcoin as mode of payment. Let bitcoin promote itself in your website. Maybe other will be curious as to what bitcoin is, and will probably use it as mode of payment when they understand how bitcoin works and what advantage they can have if they use it as payment scheme.

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April 10, 2017, 06:33:28 AM
 #1013

how to approach the local business and introduce this bitcoin bitcoin like where do they work, after it beriakan real evidence for them so that they know what is bitcoin.

certainly not regret familiar with the evolving bitcoin bitcoin?
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April 10, 2017, 06:55:31 AM
 #1014

We can encourage local business by showing them the features and benefits of bitcoins but before that we need to make sure that even the people around us are aware about bitcoins and are using it and are willing to spend them for shopping purposes then only it will attract merchants to start accepting bitcoins.

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April 10, 2017, 11:13:54 AM
 #1015

It's very easy, just give them some examples of those successful bitcoin business owners.
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April 10, 2017, 02:23:23 PM
 #1016

It's very easy, just give them some examples of those successful bitcoin business owners.
Most of the successful business owners were holding big capital investment as well most of them were large scale traders and gambling site managers. Another important platform available is to create blockchain based applications which is gonna make big change in the mobile usage. Other than these it's good to accept bitcoin same as physical currency acceptance.

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April 10, 2017, 02:30:27 PM
 #1017

It's very easy, just give them some examples of those successful bitcoin business owners.
Most of the successful business owners were holding big capital investment as well most of them were large scale traders and gambling site managers. Another important platform available is to create blockchain based applications which is gonna make big change in the mobile usage. Other than these it's good to accept bitcoin same as physical currency acceptance.

Lots of new digitally mode of payments or for any services and transactions now relating to money were accepted by many now,its benefiting the customer as well the businessman. For the customer for easy and less hassle transactions,same with businessman for attracting more customers knowing their capable of accepting online payments. Same with bitcoin knowing there were numbered of users now, they might got interest on it too plus the features and services bitcoin can offers to them too.

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April 11, 2017, 02:58:51 AM
 #1018

We can encourage local business by showing them the features and benefits of bitcoins but before that we need to make sure that even the people around us are aware about bitcoins and are using it and are willing to spend them for shopping purposes then only it will attract merchants to start accepting bitcoins.

It's not that easy even you will show them the greatness of bitcoin. But once they saw that bitcoin is stable enough and that is going to be a plus for their business if they had the option of being paid with bitcoin for what they are selling. That can give their customers a lot of choice for purchasing everything they've got.

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April 11, 2017, 03:43:45 AM
 #1019

We can encourage local business by showing them the features and benefits of bitcoins but before that we need to make sure that even the people around us are aware about bitcoins and are using it and are willing to spend them for shopping purposes then only it will attract merchants to start accepting bitcoins.

It's not that easy even you will show them the greatness of bitcoin. But once they saw that bitcoin is stable enough and that is going to be a plus for their business if they had the option of being paid with bitcoin for what they are selling. That can give their customers a lot of choice for purchasing everything they've got.

Its easy only bro. If he wish to implement the bitcoin as payment mode in the local business. First, bitcoin should be legal in that country until its not not easy accept bitcoin for purchases, still if you look into use bitcoin means use it for your international trades and businesses need to transact to the other country people via bitcoin. It will reduce forex and other charges for international transactions.



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April 11, 2017, 05:48:01 PM
 #1020

For the mainstream it would be better to let them their Euros and Dollars and just use BTC as actually money.
So if someone easy can pay in a bar with his smartphone and everywere it is accepted - they will do it.
But if u try to explain an uninteressted newbie about BTC and how it works - they shut down and say - i stay by my knowing money.
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