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Author Topic: How can we encourage local businesses to accept BTC?  (Read 183798 times)
ultrloa
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May 16, 2017, 02:15:11 PM
 #1081

Just by simply telling them that they can have good profit on it will be an effective thing. It's like an additional payment method to their whole business, they won't sacrifice the cash method or fiat system for it. Because bitcoin will be added as an option to their service which will good for other customers that are into bitcoin.

Yeah paying with fiat and credit/debit card will always be there as majority of users will prefer to use the same method and the fact is they may not be aware about bitcoins but if merchants starts accepting bitcoins as a mode of payment then it will really help people who are using bitcoins.
Exactly that is what I'm pointing out, because the awareness about bitcoin is spreading that is why we only need to give them clear details on what is bitcoin and almost everything we know. Let's disclose too some of the problems about bitcoin but I guess it will not be a big problem.

The problem will occur unto this is its volatile movements and if you explain it more clearer to them well might they will get annoyed for the result of its unstable flactuation so chances of bitcoins acceptance on the taste of offline business man will be blurry since they doesn't want to spend on risky events or situation. And we cannot disclose some problems about it since it continuos to occur even if we doesn't like it.

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May 16, 2017, 09:42:50 PM
 #1082

Just by simply telling them that they can have good profit on it will be an effective thing. It's like an additional payment method to their whole business, they won't sacrifice the cash method or fiat system for it. Because bitcoin will be added as an option to their service which will good for other customers that are into bitcoin.

Yeah paying with fiat and credit/debit card will always be there as majority of users will prefer to use the same method and the fact is they may not be aware about bitcoins but if merchants starts accepting bitcoins as a mode of payment then it will really help people who are using bitcoins.
Exactly that is what I'm pointing out, because the awareness about bitcoin is spreading that is why we only need to give them clear details on what is bitcoin and almost everything we know. Let's disclose too some of the problems about bitcoin but I guess it will not be a big problem.

The problem will occur unto this is its volatile movements and if you explain it more clearer to them well might they will get annoyed for the result of its unstable flactuation so chances of bitcoins acceptance on the taste of offline business man will be blurry since they doesn't want to spend on risky events or situation. And we cannot disclose some problems about it since it continuos to occur even if we doesn't like it.

The fluctuation is given and I know it will be on their favor since they are business and they want movements especially with their investments. if a businessman knows about taking up a risk, for sure he will understand the fluctuation very easy. They will not even going to take the risk to start a business if they don't want a risk.

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May 16, 2017, 10:01:42 PM
 #1083

Just by simply telling them that they can have good profit on it will be an effective thing. It's like an additional payment method to their whole business, they won't sacrifice the cash method or fiat system for it. Because bitcoin will be added as an option to their service which will good for other customers that are into bitcoin.

Yeah paying with fiat and credit/debit card will always be there as majority of users will prefer to use the same method and the fact is they may not be aware about bitcoins but if merchants starts accepting bitcoins as a mode of payment then it will really help people who are using bitcoins.
Exactly that is what I'm pointing out, because the awareness about bitcoin is spreading that is why we only need to give them clear details on what is bitcoin and almost everything we know. Let's disclose too some of the problems about bitcoin but I guess it will not be a big problem.

The problem will occur unto this is its volatile movements and if you explain it more clearer to them well might they will get annoyed for the result of its unstable flactuation so chances of bitcoins acceptance on the taste of offline business man will be blurry since they doesn't want to spend on risky events or situation. And we cannot disclose some problems about it since it continuos to occur even if we doesn't like it.

The fluctuation is given and I know it will be on their favor since they are business and they want movements especially with their investments. if a businessman knows about taking up a risk, for sure he will understand the fluctuation very easy. They will not even going to take the risk to start a business if they don't want a risk.
Risk is accompanied with any business planning and if someone afraid from that risk then he will not be able to take any step of progress. According to my views these risk are a way to provide more security as if a businessman feel risk then he will care more for his business.

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May 17, 2017, 01:23:15 AM
 #1084

Just by simply telling them that they can have good profit on it will be an effective thing. It's like an additional payment method to their whole business, they won't sacrifice the cash method or fiat system for it. Because bitcoin will be added as an option to their service which will good for other customers that are into bitcoin.

Yeah paying with fiat and credit/debit card will always be there as majority of users will prefer to use the same method and the fact is they may not be aware about bitcoins but if merchants starts accepting bitcoins as a mode of payment then it will really help people who are using bitcoins.
Exactly that is what I'm pointing out, because the awareness about bitcoin is spreading that is why we only need to give them clear details on what is bitcoin and almost everything we know. Let's disclose too some of the problems about bitcoin but I guess it will not be a big problem.

The problem will occur unto this is its volatile movements and if you explain it more clearer to them well might they will get annoyed for the result of its unstable flactuation so chances of bitcoins acceptance on the taste of offline business man will be blurry since they doesn't want to spend on risky events or situation. And we cannot disclose some problems about it since it continuos to occur even if we doesn't like it.

The fluctuation is given and I know it will be on their favor since they are business and they want movements especially with their investments. if a businessman knows about taking up a risk, for sure he will understand the fluctuation very easy. They will not even going to take the risk to start a business if they don't want a risk.
Risk is accompanied with any business planning and if someone afraid from that risk then he will not be able to take any step of progress. According to my views these risk are a way to provide more security as if a businessman feel risk then he will care more for his business.
That's why I know you can easily encouraged a businessman if he is going to enter bitcoin economy and convince him to start using bitcoin. And there are a lot of potential in bitcoin that's why you only to tell them very well and clear the background about bitcoin and if you can tell them almost everything about it.

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May 17, 2017, 02:25:02 AM
 #1085

Just by simply telling them that they can have good profit on it will be an effective thing. It's like an additional payment method to their whole business, they won't sacrifice the cash method or fiat system for it. Because bitcoin will be added as an option to their service which will good for other customers that are into bitcoin.

Yeah paying with fiat and credit/debit card will always be there as majority of users will prefer to use the same method and the fact is they may not be aware about bitcoins but if merchants starts accepting bitcoins as a mode of payment then it will really help people who are using bitcoins.
Exactly that is what I'm pointing out, because the awareness about bitcoin is spreading that is why we only need to give them clear details on what is bitcoin and almost everything we know. Let's disclose too some of the problems about bitcoin but I guess it will not be a big problem.

The problem will occur unto this is its volatile movements and if you explain it more clearer to them well might they will get annoyed for the result of its unstable flactuation so chances of bitcoins acceptance on the taste of offline business man will be blurry since they doesn't want to spend on risky events or situation. And we cannot disclose some problems about it since it continuos to occur even if we doesn't like it.

The fluctuation is given and I know it will be on their favor since they are business and they want movements especially with their investments. if a businessman knows about taking up a risk, for sure he will understand the fluctuation very easy. They will not even going to take the risk to start a business if they don't want a risk.
Risk is accompanied with any business planning and if someone afraid from that risk then he will not be able to take any step of progress. According to my views these risk are a way to provide more security as if a businessman feel risk then he will care more for his business.
That's why I know you can easily encouraged a businessman if he is going to enter bitcoin economy and convince him to start using bitcoin. And there are a lot of potential in bitcoin that's why you only to tell them very well and clear the background about bitcoin and if you can tell them almost everything about it.
That's right, thats the more reason to also tell them the risks of bitcoin and if possible we should also give them solutions like when a customer

wants to pay in bitcoin, the staff needs to be knowledgeable about fees and wallets so he can guide the customer to avoid stuck transactions. also

when the mempool is quite loaded advising the customers that paying bitcoin might be a disadvantage because he will need a high fee for fast

confirmation. we need at least 1 confirmation for the transaction to be irreversible.

batang_bitcoin
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May 17, 2017, 09:27:29 PM
 #1086

That's why I know you can easily encouraged a businessman if he is going to enter bitcoin economy and convince him to start using bitcoin. And there are a lot of potential in bitcoin that's why you only to tell them very well and clear the background about bitcoin and if you can tell them almost everything about it.
That's right, thats the more reason to also tell them the risks of bitcoin and if possible we should also give them solutions like when a customer

wants to pay in bitcoin, the staff needs to be knowledgeable about fees and wallets so he can guide the customer to avoid stuck transactions. also

when the mempool is quite loaded advising the customers that paying bitcoin might be a disadvantage because he will need a high fee for fast

confirmation. we need at least 1 confirmation for the transaction to be irreversible.

It's needed when you will mention about the risks that they will possibly take and problems to encounter. You will give some appropriate solution to them so that it can enlighten them if ever they will start to use and adopt bitcoin. But about the unconfirmed transactions, it's one of the biggest problem that they will be pissed off for real.

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May 17, 2017, 09:47:57 PM
 #1087

Local businesses using bitcoin is an interesting idea.

Does anyone have a website or info of small businesses implementing crypto?

I would be interested to see examples of it in action.

If I ever run a small business, I'll definitely include crypto as a payment option. Maybe not for things that are expensive but for smaller goods and services it would be a great option. The only negative drawback I see is the transfer fee, which could mean bitcoin would mainly be used for things which are expensive.

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May 17, 2017, 11:03:14 PM
 #1088

Just by simply telling them that they can have good profit on it will be an effective thing. It's like an additional payment method to their whole business, they won't sacrifice the cash method or fiat system for it. Because bitcoin will be added as an option to their service which will good for other customers that are into bitcoin.

Yeah paying with fiat and credit/debit card will always be there as majority of users will prefer to use the same method and the fact is they may not be aware about bitcoins but if merchants starts accepting bitcoins as a mode of payment then it will really help people who are using bitcoins.
Exactly that is what I'm pointing out, because the awareness about bitcoin is spreading that is why we only need to give them clear details on what is bitcoin and almost everything we know. Let's disclose too some of the problems about bitcoin but I guess it will not be a big problem.

The problem will occur unto this is its volatile movements and if you explain it more clearer to them well might they will get annoyed for the result of its unstable flactuation so chances of bitcoins acceptance on the taste of offline business man will be blurry since they doesn't want to spend on risky events or situation. And we cannot disclose some problems about it since it continuos to occur even if we doesn't like it.

The fluctuation is given and I know it will be on their favor since they are business and they want movements especially with their investments. if a businessman knows about taking up a risk, for sure he will understand the fluctuation very easy. They will not even going to take the risk to start a business if they don't want a risk.
Risk is accompanied with any business planning and if someone afraid from that risk then he will not be able to take any step of progress. According to my views these risk are a way to provide more security as if a businessman feel risk then he will care more for his business.
That's why I know you can easily encouraged a businessman if he is going to enter bitcoin economy and convince him to start using bitcoin. And there are a lot of potential in bitcoin that's why you only to tell them very well and clear the background about bitcoin and if you can tell them almost everything about it.
That's right, thats the more reason to also tell them the risks of bitcoin and if possible we should also give them solutions like when a customer

wants to pay in bitcoin, the staff needs to be knowledgeable about fees and wallets so he can guide the customer to avoid stuck transactions. also

when the mempool is quite loaded advising the customers that paying bitcoin might be a disadvantage because he will need a high fee for fast

confirmation. we need at least 1 confirmation for the transaction to be irreversible.
If a person will want to implement bitcoin in his business then he will need to get all the knowledge about bitcoin and have to do a few experiments with its usage for to start with it. Our work is to tell him about the benefits of bitcoin for his business after that his work starts as if he will start to use bitcoin without any knowledge of its use then he will not be able to manage it.

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May 18, 2017, 01:02:38 AM
 #1089

information dessimination using advertisements to radio or television that is the fastest way to introduce bitcoin.


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May 18, 2017, 12:01:00 PM
 #1090

Local businesses using bitcoin is an interesting idea.

Does anyone have a website or info of small businesses implementing crypto?

I would be interested to see examples of it in action.

If I ever run a small business, I'll definitely include crypto as a payment option. Maybe not for things that are expensive but for smaller goods and services it would be a great option. The only negative drawback I see is the transfer fee, which could mean bitcoin would mainly be used for things which are expensive.

You said it yourself. Bitcoins can't do microtransactions. People that don't know much about bitcoin's technicalities will say that the fee is much more than the amount that they transferred. Which is true, btw. But in a larger scale, if they use bitcoin to transact a million dollars, the fee would be almost nothing to them. Maybe accept bitcoins for higher transactions instead. This way, you get to convert your fiat into bitcoins for free and with even some profit. You have yourself some btc to hold for a long time or maybe hold for short term and just sell when the price goes down.

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May 18, 2017, 12:05:44 PM
 #1091

We should have basic local bitcoin infrastructure implemented, like bitcoin payment processors, exchange liquidity, local acceptance rate etc. Otherwise the local merchants have no point to pay extra for installing such system to accept BTC.
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May 18, 2017, 12:14:08 PM
 #1092

We should have basic local bitcoin infrastructure implemented, like bitcoin payment processors, exchange liquidity, local acceptance rate etc. Otherwise the local merchants have no point to pay extra for installing such system to accept BTC.
They have to rely on the current available facilities of bitcoin payment and when the demand through local businesses increases then more facilities will be available by different entities and if the states came for the help of bitcoin then the facilities will be more than we think and there will be no problem for us.

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May 18, 2017, 01:17:51 PM
 #1093

We encourage them by step by step procedures
First we need an information dessimination or let them know the advantages of btc by giving seminars.
Next is give them support from other big companies because they need them to continues their business, how they can appreciate the btc if the other big companies are not recognize or accepting btc from them to support thwir business, right? So this is a domino effect if tje big companies allowing them to do buaoness transactions using btc then thats the time that local businesses will acknowledge the btc idea.
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May 18, 2017, 01:56:57 PM
 #1094

That's why we need to do something in able to encourage them and put their interest into bitcoin.
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May 18, 2017, 02:03:31 PM
 #1095

We should have basic local bitcoin infrastructure implemented, like bitcoin payment processors, exchange liquidity, local acceptance rate etc. Otherwise the local merchants have no point to pay extra for installing such system to accept BTC.

All this is already available through several services such as bitpay. It already costs merchants less to accept bitcoin than it does for them to accept a credit card transaction. Everyone posting here seems to be completely clueless about the current situation of bitcoin in the marketplace, perhaps because you haven't tried these services before in real life.
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May 18, 2017, 03:02:06 PM
 #1096

It basically starts with the administration in accepting and legalizing the use of BTC in the respective state. In many countries, the administration is still sceptical about the nature and properties of digital currency. It may be mainly because BTC is decentralized and not under the control of the state. Until the administration starts to accept the concept of cryptocurrencies, the local businesses would also steer clear. Nobody wants to upset the big brother  Grin

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May 18, 2017, 03:10:41 PM
 #1097

information dessimination using advertisements to radio or television that is the fastest way to introduce bitcoin.
we are also seeing that now mate some tv series already mentioning about this system bitcoin can be mainstream in a short while
as many investors and traders are already engage placing their investment here and from some other alts coin local businesses will
follow after seeing this system being well establish.

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FLoving
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May 18, 2017, 04:41:42 PM
 #1098

It basically starts with the administration in accepting and legalizing the use of BTC in the respective state. In many countries, the administration is still sceptical about the nature and properties of digital currency. It may be mainly because BTC is decentralized and not under the control of the state. Until the administration starts to accept the concept of cryptocurrencies, the local businesses would also steer clear. Nobody wants to upset the big brother  Grin
I think by administration you mean the states which I think will take a longer time or no one can say that when will the state legalize bitcoin as Japan now has legalized for which no one expected.
The better way is that we the users of bitcoin ourselves need to work for it to make it acceptable in the local market and to regulate it without any issue to the merchants.



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May 18, 2017, 08:45:34 PM
 #1099

It basically starts with the administration in accepting and legalizing the use of BTC in the respective state. In many countries, the administration is still sceptical about the nature and properties of digital currency. It may be mainly because BTC is decentralized and not under the control of the state. Until the administration starts to accept the concept of cryptocurrencies, the local businesses would also steer clear. Nobody wants to upset the big brother  Grin
I think by administration you mean the states which I think will take a longer time or no one can say that when will the state legalize bitcoin as Japan now has legalized for which no one expected.
The better way is that we the users of bitcoin ourselves need to work for it to make it acceptable in the local market and to regulate it without any issue to the merchants.
I fully agree that it is up to the long standing bitcoin community to introduce it to the mainstream.
I don't think this will happen through any big push, although it would be great if the whole community could use their combined influence all at once.

I believe the solution is gradual introduction. This can be done buy each member making small changes, like when buying a product activley looking to see f they can buy that same product with bitcoin instead of fiat.

What i think is the biggest barrier to mainstream introduction is volatility of price.
Half the community view bitcoin is a speculative asset that will be worth a lot more in the future, and therefore buy and sell all the time.
The other half want to see bitcoin replace fiat as an everyday currency, but for that to happen the price will have to stabilize.

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May 19, 2017, 04:02:37 AM
 #1100

It basically starts with the administration in accepting and legalizing the use of BTC in the respective state. In many countries, the administration is still sceptical about the nature and properties of digital currency. It may be mainly because BTC is decentralized and not under the control of the state. Until the administration starts to accept the concept of cryptocurrencies, the local businesses would also steer clear. Nobody wants to upset the big brother  Grin
I think by administration you mean the states which I think will take a longer time or no one can say that when will the state legalize bitcoin as Japan now has legalized for which no one expected.
The better way is that we the users of bitcoin ourselves need to work for it to make it acceptable in the local market and to regulate it without any issue to the merchants.

This reply would be good if you reply few months before. Please continuously read the coindesk news about the bitcoin adoption and the country's passing bills in the assembly for bitcoin centralization.
There is no need of effort to provide to make bitcoin to be use in local businesses. bitcoin will be in competition between Paypal and WU. Then automatically it would be happen.

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