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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184070 times)
maikelujang
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December 01, 2017, 10:03:19 AM
 #1601

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.
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December 01, 2017, 10:24:39 AM
 #1602

In order for that to happen for me i think the government should take part on supporting bitcoin as well so that local businesses will be assured to the new type of currency they will soon to accept and use, another one is by getting backed by most banks especially the one's that is run by the government or international bank.

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December 01, 2017, 05:28:40 PM
 #1603

We can encourage local businesses to accept btc, there are many ways but the best effective way is we invite them and talk about the benefits and tell that bitcoin has a great value especially in the future and take it seriously to explain them about bitcoin. The other way is the prove that we are already earn and invest and many people who invest in bitcoin now. I think they convince and they believe in bitcoin, because people lack of knowledge about bitcoin is not easy to convince.

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December 01, 2017, 06:27:49 PM
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Practically saying if I accepted bitcoin for my business if bitcoin is in correction mode how I will compensate the loss business is done with the minimum profit as everybody having mobile to enquire about the prices. So there is practical problem in local businesses.

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December 02, 2017, 01:48:01 AM
 #1605

For me we need to legalized as a local currency for our country so that they think they will accept bitcoin for investment but i believe that bitcoin are accept in our country or all over the world we need to show them that bitcoin business growth in months and years passed by.
You can't legalized a local currency, you dont have the authority of doing it so. Only the government can do it. And if you are saying about local currency that is pointing out to fiat, the money / cash in your country. Bitcoin is accepted widely but there are countries that also expressed their interest of not supporting it.

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December 02, 2017, 06:01:09 AM
 #1606

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.
Yes I agree. Actually it was the first step, the government must legalize first bitcoin in the country. So it will be more accomodating to use for the local businesses. We need to be true, that when the time come that bitcoin become legal to a particular country surely they will put tax on it. Aside from that you should also need to explain to your prospect business the advantage of using BTC as a payment.
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December 03, 2017, 07:45:29 AM
 #1607

you can't actually encourage someone or tell them to accept because you feel it's right,what you can do is to introduce them with technology ,rest it is upon them whether they wanna use this stuff or not because business is all about profit and if they think aren't getting any margins from it they will not continue it,also bitcoin is not treated as legal tender in many many places, it can also be reason that they only wanna be stick to traditional methods,which are already established.


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December 03, 2017, 07:56:34 AM
 #1608

you can't actually encourage someone or tell them to accept because you feel it's right,what you can do is to introduce them with technology ,rest it is upon them whether they wanna use this stuff or not because business is all about profit and if they think aren't getting any margins from it they will not continue it,also bitcoin is not treated as legal tender in many many places, it can also be reason that they only wanna be stick to traditional methods,which are already established.
In our country  there are provider that alow as pay in of electronics wallet where you can pay only in FIAT but readily can transform BTC to Fiat you pay electric bills , water bills and Others

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December 03, 2017, 02:51:44 PM
 #1609

In order for that to happen for me i think the government should take part on supporting bitcoin as well so that local businesses will be assured to the new type of currency they will soon to accept and use, another one is by getting backed by most banks especially the one's that is run by the government or international bank.
Legalization is no doubt the first thing which needs to be done if we really want to regulate bitcoin in local market as well as making more people aware of it. The ones who are sitting in the local business market are not that much educated. So it is really a difficult thing to make them explain this concept of bitcoin and digital money. Moreover, they will not agree to what all we will say to them till the time they don’t see it legal.

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December 04, 2017, 05:34:17 AM
 #1610

I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment.  The best part about accepting BTC is that they do not have any threat of charge-back from the customer.  I am just looking for some more input before I start approaching some of these local retailers.
Just like the fiduciary money the BTC will first have to go through the probation of trust, ie it is not enough just to have a very high value people have to trust in it and fleece as a form of money.

This first barrier of trust is slowly breaking, we already have big companies that accept payments in BITCOIN like Microsoft, Expedia and even the Paypal Hub that already receives in the currency, not counting several online sales sites that already receive through him.


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December 04, 2017, 10:54:52 AM
 #1611

For me we need to legalized as a local currency for our country so that they think they will accept bitcoin for investment but i believe that bitcoin are accept in our country or all over the world we need to show them that bitcoin business growth in months and years passed by.
Maybe we should stop talking about all these legalization and mind our own business on Bitcoin, and stop drawing much of the government’s attention into this. Just recently, I read an article on Cointelegraph that says that the Bank Of France Governor has said that Bitcoin is not a Currency and neither is it a Cryptocurrency, and whosoever is involved should do so at their own risk. I was happy they said people should do so at their own risk, and not find a way to ban or stop Bitcoin, because it would have been worse if they ban it.

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December 04, 2017, 02:32:48 PM
 #1612

you can't actually encourage someone or tell them to accept because you feel it's right,what you can do is to introduce them with technology ,rest it is upon them whether they wanna use this stuff or not because business is all about profit and if they think aren't getting any margins from it they will not continue it,also bitcoin is not treated as legal tender in many many places, it can also be reason that they only wanna be stick to traditional methods,which are already established.
it may difficult to persuade someone to accept bitcoin in local market specially for those businessman who are not aware that bitcoin exist and how much its value. but maybe commercial advertisement on tv newspaper and social media can make things possible. giving some discount will be additional points

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December 05, 2017, 06:17:21 AM
 #1613

I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment.  The best part about accepting BTC is that they do not have any threat of charge-back from the customer.  I am just looking for some more input before I start approaching some of these local retailers.
They are going to do this when they are ready, bitcoin is not ready yet, the fees are very high and the network is slow so there is not a reason for merchants to adopt bitcoin but that is going to change.
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December 05, 2017, 08:13:08 AM
 #1614

I think we can encourage them if we show them the benefits and the profits that they can possibly get from bitcoin. Explained and Taught them about bitcoin if they were never been heard.
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December 05, 2017, 10:06:14 AM
 #1615

I don't think local business to be encouraged to accept Bitcoin. Practically saying I am having my own building material shop I have purchased in one price and fixed my margin and ready sell and need to pay the supplier payment daily / weekly / monthly mode assume I sell getting bitcoin if the price goes up everybody happy if bitcoin in correction mode what will happen and the transaction fee also matter. So it is not easy to pull in business persons payment in bitcoin. We need to do some arrangement on studying this things to rectify then only bitcoin will accepted in local business.

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December 05, 2017, 11:02:39 AM
 #1616

We should not hesitate to accept the truth based on the facts. It is very difficult to the local business to accept payment in bitcoin due to the price fluctuation only. Transaction fees and the rate factor to be considered and solved then we expect the whole world will accept bitcoin in their day to day life it is for sure.
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December 05, 2017, 12:17:03 PM
 #1617

Could not easily promote bitcoins to be used in local businesses.It must be first introduced properly so that businessmen will learn how bitcoin works and how easy to transact with it.

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December 05, 2017, 12:26:34 PM
 #1618

I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment.  The best part about accepting BTC is that they do not have any threat of charge-back from the customer.  I am just looking for some more input before I start approaching some of these local retailers.
for me this action will only make them more aloof into
crypto the more were trying to attract them the more they denied
it,lets just wait until they finally realize whats the importance of
this community to their business..what we need to do ia continue
help crypto to progress by advertising to our social media account
what is this and what can benefits them

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December 05, 2017, 01:41:39 PM
 #1619

Could not easily promote bitcoins to be used in local businesses.It must be first introduced properly so that businessmen will learn how bitcoin works and how easy to transact with it.

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December 05, 2017, 02:24:12 PM
 #1620

In order for that to happen for me i think the government should take part on supporting bitcoin as well so that local businesses will be assured to the new type of currency they will soon to accept and use, another one is by getting backed by most banks especially the one's that is run by the government or international bank.
I agree with you, apparently government support is what these businesses need as its the only way that will assure local businesses that accepting bitcoin will not put them in any sort of trouble with the authories(Law) as cryptos will be legalized to use.
If more countries replicate the manner in which Japan handled the whole idea of regulating cryptos, cryptocurrencies should start to boom all around the world.

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