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Author Topic: How can we encourage local businesses to accept BTC?  (Read 121867 times)
Fatanut
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June 11, 2017, 06:02:44 PM
 #1181

With crypto in general hitting mainstream these days, I'm pretty positive adoption would spike up too. Everyone knows BTC, the problem is they know it as an investment and not as a means to buy or sell something.

That's where we're gonna have problems in terms of adoption.

Mainstream??? Adoption??? Everyone???

Where, exactly? Which dimension? Cryptocurrencies are so faaaaaar away from hitting mainstream. We're barely a million users but if you call that "mainstream", then go ahead. But AFAIK mainstream means a lot of people know it. And 1 million is much less than 1% of the 7 billion people in the world. The adoption can spike up or whatever but we're still going to be less than 1% in population. Bitcoin becoming mainstream is still decades ahead.

"Everyone" knows about BTC? Go outside and ask someone if they know about bitcoins. If you live in a first world country, chances are they already heard about it somewhere but don't really know what it is. But if you live in a third world country, nope, it's very hard to find another guy that knows about cryptocurrencies.

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June 11, 2017, 06:06:56 PM
 #1182

It's really possible for local businesses to accept bitcoin, the problem is, are all your customers also use bitcoin for their business ? If not, it's like useless though. Because no one use bitcoin on their area, they even don't know what and how is bitcoin works. My solution is we must encourage other people to use bitcoin first, tell them the benefit of using bitcoins.

If you start accepting dollars in your place, people wouldn't use it too just because you're accepting it. They aren't going to exchange their local currency to dollar just so they can buy using dollars. But in bitcoins, it's different. They are going to be intrigue what it is and why are you even accepting it. They would take a quick search about it, and maybe even if you got to talk to them, they might be encouraged to become a part of the community.

When you put a sign in your store that you accept bitcoins, you might even make friends because there might be a bitcoin user around your place. Simply put, you never know. You never know that there's actually a lot of people using bitcoins in your place. Besides, there's not much hassle when you accept bitcoins since you already know how to use it.

People aren't going to use bitcoins because they don't know about it and merchants wouldn't accept bitcoins because no one's actually using it. So we have to start somewhere. If you are a merchants, accept bitcoins in your store. If you're just a user, then maybe ask a local shop if they accept it and maybe they'll take a look at it.



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June 11, 2017, 08:08:45 PM
 #1183

We can courage them absolutely but not in the way faster than you thought ofcourse we introduce first what is bitcoin to them second give them some proofs that bitcoin has a big potential and it is legit ...in that way you can courage them to use bitcoin also to use bitcoin in your local business.
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June 11, 2017, 09:21:26 PM
 #1184

We need to introduce first the bitcoin in the local businesses and their principle, because if the user can't know how to use it theirs a chance that Bitcoin will become useless due to unknown using of the users

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June 12, 2017, 07:09:00 AM
 #1185

It will just be easy to push up those businessman to accepts bitcoins to their businesses,when a huge country will adopt bitcoins businesses out there will accept it for sure so push the government not eacg business to accept for a total effect


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June 13, 2017, 01:19:33 AM
 #1186

With crypto in general hitting mainstream these days, I'm pretty positive adoption would spike up too. Everyone knows BTC, the problem is they know it as an investment and not as a means to buy or sell something.

That's where we're gonna have problems in terms of adoption.
The problem we have with bitcoin is the same problem marketers have with almost everything, making people know about your product is easy, making those same people buy your product and use it is hard, people don’t really care about the ways things work until they don’t, that is when they begin to search for answers, so I think we will need a more crippling effect on the economy of the average person so they can realize the potential of bitcoin.


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June 13, 2017, 12:31:34 PM
 #1187

If you tell them the advantages about bitcoin that would be the best way to encourage them to accepr BTC. Hoping soon local business would accept btc.


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June 13, 2017, 07:29:42 PM
 #1188

If you tell them the advantages about bitcoin that would be the best way to encourage them to accepr BTC. Hoping soon local business would accept btc.
I do not even understand How a small business can switch to Bitcoin. The fact is that this is a completely different form of calculation. If you take into account that for the country you need to leverage Bitcoin another league, then you still need to accept it for taxation. How will a businessman keep a record of the income and expenditure of finance? This is a rather complex question and it is worth saying that it requires study.
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June 14, 2017, 11:11:25 AM
 #1189

Simply aware them with the advantages of bitcoin. This can happen if we arrange a particular business sessions and awareness programs of bitcoin in our local areas which will attract the local business persons to start using bitcoins.

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June 15, 2017, 09:27:36 PM
 #1190

Simply aware them with the advantages of bitcoin. This can happen if we arrange a particular business sessions and awareness programs of bitcoin in our local areas which will attract the local business persons to start using bitcoins.
So that cocaine came into use, you must first understand it from the bottom. And this means that you need a simple person to tie Bitcoin and this can only be done when simple stores where people buy sheets will buy goods for Bitcoin. Only in this way can it be popular to collect Bitcoin in society. And as for large companies, this is already a business project, How will it be possible to deal with crypto currency.
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June 16, 2017, 02:36:57 AM
 #1191

If they want to encourage local business to accept BTC, we need to introduce them the using of bitcoin and their advantages to the paper money. Also create an advertisement with simple and understanding to encourage the people to accept bitcoin in local businesses

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June 16, 2017, 08:00:07 AM
 #1192

If they want to encourage local business to accept BTC, we need to introduce them the using of bitcoin and their advantages to the paper money. Also create an advertisement with simple and understanding to encourage the people to accept bitcoin in local businesses
This won't be that effective, because now only the scenario has changed a little from hard cash usage to card, e wallet and so on. Right now once again making an addition to the payment system takes time but the same can be made perfect in a day if a giant online store promote by accepting it in a large scale.

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June 16, 2017, 01:37:58 PM
 #1193

Honestly, I have no clue on encouraging local businesses to accept BTC yet, if it's a nee kind of business and it's not popular one, and if the businessman takes the risk,of course BTC can really help that business to expand. However taxes are still involve in businesses. Probably taxes are not that high and only if the negotiators are willing to listen and accept BTC openly without hesitation that is to be encouraged not just one local business but also to everybody's sake in industries.

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June 17, 2017, 08:03:00 AM
 #1194

Bitcoin nowadays is making its way to stardom , It is widely recognize now and those people who invested on it even before the program started already earned a lot of money. It was just like last year when this was introduced to me by a friend I didn't know how to use it I so busy listening to him by that time. Me and my girlfriend now is trying to invest to this kind of work. I am looking forward for us to earn money as well for we are trying to get married this year. Local business should accept this kind of transaction for they will also benefit from it. If given a chance I would to introduce this to our office management maybe sooner or later they will accept my proposal.

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June 17, 2017, 09:07:55 AM
 #1195

There's a startup called Colu that is trying to do just that.

I think the act about a team issuing digital Barbadian dollar is a partnership between Colu and another team.
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June 17, 2017, 09:17:47 AM
 #1196

If you tell them the advantages about bitcoin that would be the best way to encourage them to accepr BTC. Hoping soon local business would accept btc.

And they will ask you, what are the most popular and basic advantages of bitcoin when they are going to accept it? You can say that if they have customers offshore they can tell their customers to send their payments by means of bitcoin. And by that way, that is going to make their transactions fast and convenient.

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June 17, 2017, 10:13:44 AM
 #1197

If you tell them the advantages about bitcoin that would be the best way to encourage them to accepr BTC. Hoping soon local business would accept btc.

And they will ask you, what are the most popular and basic advantages of bitcoin when they are going to accept it? You can say that if they have customers offshore they can tell their customers to send their payments by means of bitcoin. And by that way, that is going to make their transactions fast and convenient.

Please tell me you're being sarcastic. Gone are the days when bitcoin has fast transactions and low fees. You're not going to buy 3$ worth of coffee and then spend 2 more dollars for the transaction fee in bitcoins. And even with this amount of transaction fee, you'd still have to wait a couple of hours before the transactions comes through. Plus, it's not convenient since the store owner has to wait before he can ever get those coins. We're still not at the point when a store looks cool when it says "Bitcoin accepted here." since we're so far away from mass adoption.

Fiat is still the best when it comes to microtransactions. No transaction fee. Instant confirmations. That's fiat for you.

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Harlot
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June 17, 2017, 10:26:59 AM
 #1198

If you tell them the advantages about bitcoin that would be the best way to encourage them to accepr BTC. Hoping soon local business would accept btc.

And they will ask you, what are the most popular and basic advantages of bitcoin when they are going to accept it? You can say that if they have customers offshore they can tell their customers to send their payments by means of bitcoin. And by that way, that is going to make their transactions fast and convenient.

Please tell me you're being sarcastic. Gone are the days when bitcoin has fast transactions and low fees. You're not going to buy 3$ worth of coffee and then spend 2 more dollars for the transaction fee in bitcoins. And even with this amount of transaction fee, you'd still have to wait a couple of hours before the transactions comes through. Plus, it's not convenient since the store owner has to wait before he can ever get those coins. We're still not at the point when a store looks cool when it says "Bitcoin accepted here." since we're so far away from mass adoption.

Fiat is still the best when it comes to microtransactions. No transaction fee. Instant confirmations. That's fiat for you.
I agree on Fatanut on this one Bitcoin transactions in shops will actually make you pay more on what you are buying. And let us look at the Sellers side honestly do they even care about the advantages? why not tell them that Bitcoin is also volatile and accepting it might risk their earnings. But it always come to the point that are there any customers willing to spend their Bitcoin? We always need to look if there is a demand for Bitcoin payments before implementing such thing.

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June 18, 2017, 09:34:37 PM
 #1199

If you tell them the advantages about bitcoin that would be the best way to encourage them to accepr BTC. Hoping soon local business would accept btc.

And they will ask you, what are the most popular and basic advantages of bitcoin when they are going to accept it? You can say that if they have customers offshore they can tell their customers to send their payments by means of bitcoin. And by that way, that is going to make their transactions fast and convenient.

Please tell me you're being sarcastic. Gone are the days when bitcoin has fast transactions and low fees. You're not going to buy 3$ worth of coffee and then spend 2 more dollars for the transaction fee in bitcoins. And even with this amount of transaction fee, you'd still have to wait a couple of hours before the transactions comes through. Plus, it's not convenient since the store owner has to wait before he can ever get those coins. We're still not at the point when a store looks cool when it says "Bitcoin accepted here." since we're so far away from mass adoption.

Fiat is still the best when it comes to microtransactions. No transaction fee. Instant confirmations. That's fiat for you.

Still it is cheaper for the business to accept BTC fees-wise, since they pay 3 to 5% to credit card companies for the "privilege" to use their service - putting 400+ satoshi/B is far cheaper. Oh, did I mention they also need to buy the credit card machines?
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June 18, 2017, 10:53:34 PM
 #1200

they pay 3 to 5% to credit card companies for the "privilege" to use their service

Terminal Fees?
The BTC payment require hardware and Internet access, who will pay it?


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