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Author Topic: How can we encourage local businesses to accept BTC?  (Read 88397 times)
Yutikas_11920
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March 17, 2017, 07:17:27 AM
 #1001

To encourage local businesses to accept bitcoin as their another kind of payment system, we should explain how the bitcoin works and what are the good benefit of accepting and owning a bitcoin in a very short and simple way because if we explain it on a long and complicated way then they will lose their interest.

Yeah that's the way that it is indeed very good thing to do. Because with it, those who have not understood the bitcoin will easily understand it and if they have a high interest in I am sure they will use the bitcoin. For if they do not have the desire to use it then it will not be useful any information we provide. So the main thing to be used as a benchmark are those which we shall give the information has a good interest for using bitcoin
 









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March 17, 2017, 09:23:03 AM
 #1002

Show them all the advantages that they can get om, and also try to make some studies on how they can manipulate the coin, on how the bitcoin generated to the market and so for sure if they got the bitcoin in good terms they will be into it.

Yes we need to highlight all the benefits of bitcoin to them that's the best way to encourage local business to use bitcoin and also if possible you can start your own business and start using bitcoin as a payment method so that other local business will automatically do a research about bitcoin and i am sure once someone is aware of benefits of bitcoin over the fiat currency surely they will go for bitcoin.

Im very sure they will all be disappointed despite all the advantages you can conjure and market to them. The volatility alone is a big turn off. There is also the issue of the hard fork coming that might split the blockchain in 2. Is that a currency that will give them an advantage?

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March 17, 2017, 10:02:42 AM
 #1003

Yes we can encourage local businesses to accept bitcoin by means of letting those business owners to register at online wallet of bitcoin and fiat currency exchange. He/she will appreciate the advantages and usefullness of digital and fiat currency in terms of fast service and low transaction fees. In that aspect of bitcoin overview that online wallet that he/she will be using is a mediator of any currency that will be paid or converted as form of payment which can cash out as profit to them, through recommended bank.

Yes indeed the advantage in local businesses are getting a lot of member and will certainly get great returns, let alone our business wake up using bitccoin. Although it has many advantages but it still has a lot of harm if we do not want to secure transaction or our business properly. Because broadly speaking bitcoin is a place that is very prone to be theft.No problems did make the local business base bitcoin, but we should be able to do very well in order to benefit measurable as we want

the only disadvantaged I think is that we can let the customers made their identity real, some might not use their real names and might use other names. We should still be careful implementing btc but it is RY a good way to  do business.

Yes, but most of the shop, keepers will not bother about their customer's identity because some people are accepting bitcoin only to annoy paying taxes to the governments. Really, it is a good idea if the shopkeeper can keep track of their customer's identity for safety reasons.

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arwin100
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March 17, 2017, 11:07:52 AM
 #1004

Yes we can encourage local businesses to accept bitcoin by means of letting those business owners to register at online wallet of bitcoin and fiat currency exchange. He/she will appreciate the advantages and usefullness of digital and fiat currency in terms of fast service and low transaction fees. In that aspect of bitcoin overview that online wallet that he/she will be using is a mediator of any currency that will be paid or converted as form of payment which can cash out as profit to them, through recommended bank.

Yes indeed the advantage in local businesses are getting a lot of member and will certainly get great returns, let alone our business wake up using bitccoin. Although it has many advantages but it still has a lot of harm if we do not want to secure transaction or our business properly. Because broadly speaking bitcoin is a place that is very prone to be theft.No problems did make the local business base bitcoin, but we should be able to do very well in order to benefit measurable as we want

the only disadvantaged I think is that we can let the customers made their identity real, some might not use their real names and might use other names. We should still be careful implementing btc but it is RY a good way to  do business.

Yes, but most of the shop, keepers will not bother about their customer's identity because some people are accepting bitcoin only to annoy paying taxes to the governments. Really, it is a good idea if the shopkeeper can keep track of their customer's identity for safety reasons.

If they are legit surely they will not bother anything that can make their costumer harm but in this case im also sure that they can get free advertisement on bitcoins.

Imagine how many bitcoin users around the globe, If they would know shop who almost got all the goods that people they needs well surely the site who accepts bitcoins will get a mass success and the bunos their as you said they will defy the taxes who's been implemented on some online shops.



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March 17, 2017, 11:20:22 AM
 #1005

Im very sure they will all be disappointed despite all the advantages you can conjure and market to them. The volatility alone is a big turn off. There is also the issue of the hard fork coming that might split blockchain in 2. Is that a currency that will give them an advantage?
In its current state bitcoin is not exactly the best method to implement as your payment. It is still great store of value though.
But that is not really a concern for any of these merchants, as they don't store bitcoins anyway when BitPay is used as BTC payment processor.
Hard Fork split wont happen bitcoin community and developers won't ever allow that. It would undermine bitcoin's position greatly, miners are aware of that.



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March 17, 2017, 11:28:15 AM
 #1006

Im very sure they will all be disappointed despite all the advantages you can conjure and market to them. The volatility alone is a big turn off. There is also the issue of the hard fork coming that might split blockchain in 2. Is that a currency that will give them an advantage?
In its current state bitcoin is not exactly the best method to implement as your payment. It is still great store of value though.
But that is not really a concern for any of these merchants, as they don't store bitcoins anyway when BitPay is used as BTC payment processor.
Hard Fork split wont happen bitcoin community and developers won't ever allow that. It would undermine bitcoin's position greatly, miners are aware of that.



Merchants needs to realize that bitcoin wallet is a good way for easy transferring of money and it will helps them alot to ensures the payment. It will also help knowing that bitcoin value is rapidly increasing. They can save enough and can use transactions monitoring.

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March 17, 2017, 09:05:30 PM
 #1007

To encourage local businesses to accept bitcoin as their another kind of payment system, we should explain how the bitcoin works and what are the good benefit of accepting and owning a bitcoin in a very short and simple way because if we explain it on a long and complicated way then they will lose their interest.

Yeah that's the way that it is indeed very good thing to do. Because with it, those who have not understood the bitcoin will easily understand it and if they have a high interest in I am sure they will use the bitcoin. For if they do not have the desire to use it then it will not be useful any information we provide. So the main thing to be used as a benchmark are those which we shall give the information has a good interest for using bitcoin
 

Everything starts with small idea like this, we must explain what is bitcoin is all about, we have to explain the benefits like its security feature, about cryptography, about less transaction charges, more value even just storing it. so more people will adopt into the btc world and we will see high growth soon.


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thefaucetrunner
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March 17, 2017, 09:07:33 PM
 #1008

To encourage local businesses to accept bitcoin as their another kind of payment system, we should explain how the bitcoin works and what are the good benefit of accepting and owning a bitcoin in a very short and simple way because if we explain it on a long and complicated way then they will lose their interest.

Yeah that's the way that it is indeed very good thing to do. Because with it, those who have not understood the bitcoin will easily understand it and if they have a high interest in I am sure they will use the bitcoin. For if they do not have the desire to use it then it will not be useful any information we provide. So the main thing to be used as a benchmark are those which we shall give the information has a good interest for using bitcoin
 

Everything starts with small idea like this, we must explain what is bitcoin is all about, we have to explain the benefits like its security feature, about cryptography, about less transaction charges, more value even just storing it. so more people will adopt into the btc world and we will see high growth soon.

Its not hard to convince people to star using bitcoins but it will depend on how you are good at convincing other and if you tell them that they can earn more money with bitcoins then you don't have to explain them anything else and they will start to know more about bitcoins.

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March 17, 2017, 10:26:21 PM
 #1009

To encourage local businesses to accept bitcoin as their another kind of payment system, we should explain how the bitcoin works and what are the good benefit of accepting and owning a bitcoin in a very short and simple way because if we explain it on a long and complicated way then they will lose their interest.

Yeah that's the way that it is indeed very good thing to do. Because with it, those who have not understood the bitcoin will easily understand it and if they have a high interest in I am sure they will use the bitcoin. For if they do not have the desire to use it then it will not be useful any information we provide. So the main thing to be used as a benchmark are those which we shall give the information has a good interest for using bitcoin
 

Everything starts with small idea like this, we must explain what is bitcoin is all about, we have to explain the benefits like its security feature, about cryptography, about less transaction charges, more value even just storing it. so more people will adopt into the btc world and we will see high growth soon.

Its not hard to convince people to star using bitcoins but it will depend on how you are good at convincing other and if you tell them that they can earn more money with bitcoins then you don't have to explain them anything else and they will start to know more about bitcoins.

Well, i couldn't agree more with you above. It will be great.
But when we see from local businesses eye, all of your suggestion will considered if the around society also use bitcoin and don't mind to use it on real payment in real life.
For me as bitcoin's user i like if i can use bitcoin to pay or buy something without changing it to my fiat first. It make me more easy using bitcoin.














 

 

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Fatanut
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March 18, 2017, 08:01:04 AM
 #1010

~snip~

Well, i couldn't agree more with you above. It will be great.
[1]But when we see from local businesses eye, all of your suggestion will considered if the around society also use bitcoin and don't mind to use it on real payment in real life.
[2]For me as bitcoin's user i like if i can use bitcoin to pay or buy something without changing it to my fiat first. It make me more easy using bitcoin.

[1] - On the contrary, there's not much people in the society using bitcoins. There are theories that as humans, we tend to copy other people. If everyone else is using bitcoins, eventually you'll use bitcoins as well. But we're not at that point yet. We're still at the starting point where the growth is the slowest (with exception on other things of course).

The case today: People are going to use bitcoins when they read about it online and got interested about it. Not because the society is using it already.

[2] That's every bitcoin user's dream. To use his bitcoins for payment without requiring to convert it to fiat first. Sadly, there's not that much shop that allows that.

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pinkflower
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March 18, 2017, 10:34:29 AM
 #1011

Im very sure they will all be disappointed despite all the advantages you can conjure and market to them. The volatility alone is a big turn off. There is also the issue of the hard fork coming that might split blockchain in 2. Is that a currency that will give them an advantage?
In its current state bitcoin is not exactly the best method to implement as your payment. It is still great store of value though.
But that is not really a concern for any of these merchants, as they don't store bitcoins anyway when BitPay is used as BTC payment processor.
Hard Fork split wont happen bitcoin community and developers won't ever allow that. It would undermine bitcoin's position greatly, miners are aware of that.



If the stores were to use a payment processor anyway then its better for them to accept credit cards and prepaid debit cards. The amount of BTC purchases will not justify the acceptance because paying with fiat will make more sense.

The hard fork will not happen? It is gaining more mining power and has hit 40% the last few days. Once it reaches 50% theres no going back. It will gain more momentum. There is nothing the developers and community can do except try to hold on that will cause to split the blockchain. For a Legendary I am surprised with your misinformed post.


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March 18, 2017, 11:41:40 AM
 #1012

To encourage local businesses to accept bitcoin as their another kind of payment system, we should explain how the bitcoin works and what are the good benefit of accepting and owning a bitcoin in a very short and simple way because if we explain it on a long and complicated way then they will lose their interest.

Yeah that's the way that it is indeed very good thing to do. Because with it, those who have not understood the bitcoin will easily understand it and if they have a high interest in I am sure they will use the bitcoin. For if they do not have the desire to use it then it will not be useful any information we provide. So the main thing to be used as a benchmark are those which we shall give the information has a good interest for using bitcoin
 

Everything starts with small idea like this, we must explain what is bitcoin is all about, we have to explain the benefits like its security feature, about cryptography, about less transaction charges, more value even just storing it. so more people will adopt into the btc world and we will see high growth soon.

Its not hard to convince people to star using bitcoins but it will depend on how you are good at convincing other and if you tell them that they can earn more money with bitcoins then you don't have to explain them anything else and they will start to know more about bitcoins.

Well, i couldn't agree more with you above. It will be great.
But when we see from local businesses eye, all of your suggestion will considered if the around society also use bitcoin and don't mind to use it on real payment in real life.
For me as bitcoin's user i like if i can use bitcoin to pay or buy something without changing it to my fiat first. It make me more easy using bitcoin.

Thats the problem, Only a few number of people are using bitcoin today furthermore convincing other people is not that easy. Lets not rush things,

What we should do now is to spread awareness and to help bitcoin have a good impression on others. That being said my suggestion is to accept

different popular payment methods along bitcoin. To be honest accepting bitcoin only is not that good for your business.

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March 18, 2017, 03:51:32 PM
 #1013

Im very sure they will all be disappointed despite all the advantages you can conjure and market to them. The volatility alone is a big turn off. There is also the issue of the hard fork coming that might split blockchain in 2. Is that a currency that will give them an advantage?
In its current state bitcoin is not exactly the best method to implement as your payment. It is still great store of value though.
But that is not really a concern for any of these merchants, as they don't store bitcoins anyway when BitPay is used as BTC payment processor.
Hard Fork split wont happen bitcoin community and developers won't ever allow that. It would undermine bitcoin's position greatly, miners are aware of that.



Merchants needs to realize that bitcoin wallet is a good way for easy transferring of money and it will helps them alot to ensures the payment. It will also help knowing that bitcoin value is rapidly increasing. They can save enough and can use transactions monitoring.

Yes, but they need to wait when the price of bitcoin decreases. The price of bitcoin decreases they won't get the actual value of the product, so in this case, shop keeper's will be in loss, so it will be very hard to convince the local business people.

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March 21, 2017, 06:34:34 AM
 #1014

 I think you can give them a short explantion as to why you support bitcoin.
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March 21, 2017, 06:53:37 AM
 #1015

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.

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Oilacris
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March 21, 2017, 12:23:12 PM
 #1016

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.

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March 21, 2017, 02:19:42 PM
 #1017

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.

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March 21, 2017, 02:28:43 PM
 #1018

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.

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March 22, 2017, 04:04:25 AM
 #1019

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.

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March 22, 2017, 11:00:55 AM
 #1020

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.

I think if people are already using bitcoins, merchants will just follow. Imagine if you're the owner and someone asked you if you're accepting bitcoins, and then after a short while somebody asked you again. And then the next day somebody asked you again, you surely will be totally curious about what's bitcoin. If you push a business owner to accept bitcoins because it will "bring more sales and new customers" and there's not that much bitcoin users at the area, he will just be disappointed at you because you forced him and all his efforts are for nothing.

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