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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184287 times)
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September 10, 2017, 06:12:03 PM
 #1361

All company's are interested in making profit and with the bitcoin this possible, you can let anyone pay with the bitcoin that are coming from all over the world and you can control it yourself too.
No local business will accept to make use of Bitcoin due to its slow form of transaction; you wouldn’t like to stand and wait for 15 minutes (possibly 1hr) in a store buying a particular stuff. So cash is the best option. Unless the lightning network is released, but cash is always the best option locally; Bitcoin is for online.

Worst thinking from you. If you increase the fees then automatically the transaction will be done in few minutes. Whenever you send the transaction you must be having a default fees in the wallet provider site sometime delay may happen due to block lagging. Local business people can accept the bitcoin because it is not only a money it is asset to everyone.



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September 10, 2017, 07:10:25 PM
 #1362

I think it is hard to encourage existing local businesses to accept BTC first of all it is hard to explain bitcoin to a people who know nothing about it. And if his business is running well he would not want to bring another risk factor in his business (as btc value fluctuate so frequently he will look that as a threat). But for a new startup by a person,who know bitcoin well it is possible to start a shop, which accept bitcoin.

It's not hard if you known them operating for years. It's like you are going to offer them bitcoin adoption. In the first place explaining bitcoin to them is hard but if you know what you are offering. And you want their business to be unique by accepting bitcoin, maybe in finally they can accept bitcoin on their business.

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September 11, 2017, 07:44:34 AM
 #1363

I think to push local businesses to accept bitcoin on the area the government should legalize bitcoin. Because if bitcoin became legal there certainly local businesses feel safe to accept bitcoin. In addition bitcoin should have a lot to ease adoption. You also have to convince if accept bitcoin will have benefits for the local business.

Legalization can happen as follows. If bitcoin isn't declared illegal in your country and they are not even classifying it as a illegal coin, activity or investment.

You can promote and encourage bitcoin easily to those business owners. Personally, I saw bitcoin as a good way to reach those foreign customers that wants to avail your product.

And by paying you with bitcoin and this is a good way to encourage them.

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September 12, 2017, 11:24:03 AM
 #1364

Small local businesses are always interested to accept something that will make their business cheaper, simpler and more afortable and atractive to people. So a good will and patience is needed to explain them how can they improve their business by accepting Bitcoin.
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September 12, 2017, 05:20:04 PM
 #1365

For example in my place, if a local businessman wanted to put a bitcoin transactions that can't be a profitable idea for him/her. For some reason. Bitcoin is popular in internet or on web but mostly I know even heard about but never tried to, they don't even know how to earned and invest into this kind of things. Maybe because we don't or our government are still not passing a law about bitcoin.
 So it's popularity isn't enough but it need marketing strategy that might be effective if the government will soon be one to endorsed it.
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September 12, 2017, 09:54:16 PM
 #1366

Small local businesses are always interested to accept something that will make their business cheaper, simpler and more afortable and atractive to people. So a good will and patience is needed to explain them how can they improve their business by accepting Bitcoin.

And it's new in the ears of their customers or future customers if they will implement and accept bitcoin in their business. Something is unique with them by putting "BTCitcoin accepted here". Those big companies can't easily attracted because they are aware that everything in internet can be penetrated or stolen but they don't know bitcoin is different.

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September 13, 2017, 07:11:58 AM
 #1367

Maybe we can start by supporting altcoins that is used by the team in real economy? Such as SLVR that used the money raised to mine Silver.

Be the person you want to coin.
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September 13, 2017, 08:57:07 AM
 #1368

before going to encourage the local businesses we need to make sure about the stability and availability of Bitcoin. when Bitcoin will achieve the credibility from all aspect of the world then naturally the using rate will be increased. but I  think it's difficult to convince them without the availability of Bitcoin.

though Bitcoin is based on the internet so most of the users are using on this platform. but local people can't use Bitcoin due to unattachment to Bitcoin. they are using cash for thier daily purposes. so this initiative will come to end in smoke.
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September 24, 2017, 09:10:03 PM
 #1369

Inspire local organizations by just employing bitcoin and displaying them it's really a forex and it is getting utilised.Lead to if they don't see that it is globally utilised then it truly is no cause for them to add it to their payment strategies ofcourse
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September 24, 2017, 10:29:24 PM
 #1370

before going to encourage the local businesses we need to make sure about the stability and availability of Bitcoin. when Bitcoin will achieve the credibility from all aspect of the world then naturally the using rate will be increased. but I  think it's difficult to convince them without the availability of Bitcoin.

though Bitcoin is based on the internet so most of the users are using on this platform. but local people can't use Bitcoin due to unattachment to Bitcoin. they are using cash for thier daily purposes. so this initiative will come to end in smoke.
We can encourage local businesses to accept bitcoin if they can know the good benefits of crypto currency in their business. However the problem is the availability of bitcoin together with the accessibility internet connection. Because not all part of the world have internet connectivity some parts are none.

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September 25, 2017, 01:12:12 AM
 #1371

before going to encourage the local businesses we need to make sure about the stability and availability of Bitcoin. when Bitcoin will achieve the credibility from all aspect of the world then naturally the using rate will be increased. but I  think it's difficult to convince them without the availability of Bitcoin.

though Bitcoin is based on the internet so most of the users are using on this platform. but local people can't use Bitcoin due to unattachment to Bitcoin. they are using cash for thier daily purposes. so this initiative will come to end in smoke.
We can encourage local businesses to accept bitcoin if they can know the good benefits of crypto currency in their business. However the problem is the availability of bitcoin together with the accessibility internet connection. Because not all part of the world have internet connectivity some parts are none.
If there is an stable Internet connectivity, then without any issues we can make use of bitcoin bitcoin as an payment to encourage local businesses. Here the issue happens with profiting, because at present we've got very small users compared to fiat. So the stamp of implementing bitcoin into business at present won't get you profit immediately, it takes time.

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September 25, 2017, 09:11:38 AM
 #1372

local businesses depend on government and government can’t allow with bitcoin
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September 25, 2017, 09:42:03 AM
 #1373

I think it is hard to encourage existing local businesses to accept BTC first of all it is hard to explain bitcoin to a people who know nothing about it. And if his business is running well he would not want to bring another risk factor in his business (as btc value fluctuate so frequently he will look that as a threat). But for a new startup by a person,who know bitcoin well it is possible to start a shop, which accept bitcoin.

It's not hard if you known them operating for years. It's like you are going to offer them bitcoin adoption. In the first place explaining bitcoin to them is hard but if you know what you are offering. And you want their business to be unique by accepting bitcoin, maybe in finally they can accept bitcoin on their business.
Yeah proper steps can be helpful to encourage them. I think they don't want to use bitcoin because they aren't​familiar about Bitcoin​. If we tell them about the advantage of bitcoin, probably they will use it for their financial purpose.

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September 25, 2017, 08:55:14 PM
 #1374

I think it is hard to encourage existing local businesses to accept BTC first of all it is hard to explain bitcoin to a people who know nothing about it. And if his business is running well he would not want to bring another risk factor in his business (as btc value fluctuate so frequently he will look that as a threat). But for a new startup by a person,who know bitcoin well it is possible to start a shop, which accept bitcoin.

It's not hard if you known them operating for years. It's like you are going to offer them bitcoin adoption. In the first place explaining bitcoin to them is hard but if you know what you are offering. And you want their business to be unique by accepting bitcoin, maybe in finally they can accept bitcoin on their business.
Yeah proper steps can be helpful to encourage them. I think they don't want to use bitcoin because they aren't​familiar about Bitcoin​. If we tell them about the advantage of bitcoin, probably they will use it for their financial purpose.

It seems to me that taking bitcoin in business is very difficult. Its price is constantly changing and this is very dangerous for business. In addition, we see that the price can decrease significantly and recover for a long time. The business of this can not stand.

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September 26, 2017, 12:47:11 AM
 #1375

I think the easiest way would be to start with the traditional business and then integrate it with cryptocurrency by
offering it to the public in online shopping apps have a business meeting with that online shopping to accept bitcoins or altcoins
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September 26, 2017, 06:47:00 PM
 #1376

local businesses depend on government and government can’t allow with bitcoin
As I heard, Belarusian goverment recently began to discuss the rules of legal regulation of crypthocurrency (in relation to financial transactions of local businesses)..so who knows, who knows
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October 04, 2017, 10:45:18 AM
 #1377

Well I still don't know how bitcoins was made. Those who stand as the foundations of bitcoins is very clever. I wonder how altcoins are made and if possible, can bitcoins be upgraded too.
If and maybe bitcoins can handle more transactions with consistent speed and no fees.  Then it's time to push government to legalize bitcoins because local businesses may not take risks when it comes to investments even if they will profit more.

So in short..
 Upgrade bitcoins ( if possible. But I know it's risky because it may cause more bugs) just an opinion. Altcoins were one of the resolutions made I guess.
The step for legalisation..
Then push local businesses.
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October 04, 2017, 09:24:41 PM
 #1378

I  just starts 2 months ago 2 bars and a restaurant at new york i hope ny state department of finance or licencing will not bust them lol

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October 04, 2017, 09:41:08 PM
 #1379

The question that comes to my mind is, are we the one really needs to encourage the local businesses to accept bitcoin. I can’t see a logic behind this, it must be the other way around. If the business sectors don’t see the advantages of updating they’re strategy when the bitcoin users and it’s popularity is expanding they might be left behind. And also the give must be the one who must endorse it, typically because they’re the one will determine its legality.
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October 05, 2017, 05:50:00 AM
 #1380

I  just starts 2 months ago 2 bars and a restaurant at new york i hope ny state department of finance or licencing will not bust them lol

Local business will start accepting btc only if they get any assurance form the government or the country themselves state that they support cypto currencies . This will give confidence to the many small and medium business entrepreneurs to start accepting them as a payment mode.

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