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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184066 times)
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December 05, 2017, 01:41:39 PM
 #1621

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
 #1622

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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December 06, 2017, 07:19:40 PM
 #1623

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.
The most of the people who are sitting there in the local market are not that much well-educated and are unaware if the word of bitcoin even. The first thing which you need to do in order to get the positive results is that you need to make them aware of this thing. You need to tell them about bitcoin and the advantages of keeping bitcoin in as simple words as you can. This will greatly influence them.

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December 06, 2017, 07:32:18 PM
 #1624

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.

Before it is not but now that bitcoin has been heard on the mainstream medias and people keep on talking about cryptocurrencies, it's easy to advertise and encourage people who are engaging with local businesses. They are interested because the value of bitcoin is already $13,000 and that is making sense for real investors and businessmen. All they think is profit so bitcoin will be profitable to them and will catch their attentions.

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December 06, 2017, 08:50:40 PM
 #1625

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.

We really do need to put in some efforts of we want to have things according to our choice. Encouraging the local business market traders is really a tough thing to do as they are not that much learned and it will be very much difficult to make them understand about this concept. We need to keep on telling them in as simple words as we can. Moreover, the role of government and international market carries a significant importance in this aspect.


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December 07, 2017, 02:19:32 AM
 #1626

Local Retailers are difficult to be convinced, my only suggestion is that maybe you should let them try Bitcoin Transacting. For Example: introduce them a secured wallet site where they are going to put the amount of Bitcoin, But First Make a Demonstration on how is it able to process in Legit way.

I think you should target local Retailers who Has Advertisement Through Internet because if they are your First costumer and your Plan runs smoothly and would be successful then it is easy to convince others retailers also.

It's not that they are not easy to convince. Imagine an owner of a store that is 30 plus years old and you told and explain to him the BTC or the blockchain, the disadvantage is that he tried so many others business and he failed many times over and he might think that he will fail again. It's hard to pushed the blockchain to them because they grew up in the traditional system. Culture comes first or so they say. Their mindset is on traditional system and it's hard for them to adopt another system.

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December 07, 2017, 05:55:14 AM
 #1627

we must introduce the bitcoin first to the local entrepreneurs, because by introducing bitcoin to local entrepreneurs they will understand. After understanding, then we offer to accept payment using bitcoin and tell how to run it ...

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December 07, 2017, 06:55:43 AM
 #1628

I think that we should stop talking about all these legalization and mind our own business on Bitcoin. you can't actually encourage someone  tell them to accept because you feel it's right. but you should  to introduce them with technology . they will not continue it,also bitcoin is not treated as legal tender in many many places.


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December 07, 2017, 06:45:55 PM
 #1629

I think that we should stop talking about all these legalization and mind our own business on Bitcoin. you can't actually encourage someone  tell them to accept because you feel it's right. but you should  to introduce them with technology . they will not continue it,also bitcoin is not treated as legal tender in many many places.


You need to have some good convincing power along with some good amount of knowledge about the thing which you are going to talk. There is a possibility that you can encourage anyone in this world. The most essential thing which you actually need to do is to make other people aware of bitcoin. If you will be able to tell the advantages of having bitcoin in their lives, they will for sure go for it.

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December 07, 2017, 11:33:29 PM
 #1630

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.

Acceptance of bitcoin from the local businesses will not be easily. First of all, those businesses should be willing to accept btc instead of fiat because we all know about its volatility, I think somehow it might not be feasible for them in most of the cases plus they should also have the knowledge about this kind of technology.

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December 08, 2017, 10:53:21 AM
 #1631

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.

Acceptance of bitcoin from the local businesses will not be easily. First of all, those businesses should be willing to accept btc instead of fiat because we all know about its volatility, I think somehow it might not be feasible for them in most of the cases plus they should also have the knowledge about this kind of technology.

I fully agree that local business will have a hard time accepting Bitcoin at the current status of the confirmation delay.  Both the merchant and the customer will find it time consuming if they accept and pay bitcoin offline since it will take sometime before the transaction confirm.  But I believe this will change once the lighting network is implemented to bitcoin.

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December 08, 2017, 11:04:02 AM
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 #1632

We don't need to encourage local businesses to accept bitcoin because they will do it in their own. If local businesses know about bitcoin they will not think if they should accept of bitcoin because when the time they knew it they would probably grab and accept it. We all know that bitcoin now gets higher and higher to its maximum price.

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December 08, 2017, 11:36:09 AM
 #1633

To encourage local businesses to accept bitcoin is not that much easy as we have practical handling issues one is the transaction fee and duration of payment receiving not only that the rate of bitcoin hike and suddenly down in what basis they will fix the rate and how they receive the payment. First we should resolve this issue and then we will talk about it will be better.

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December 08, 2017, 12:42:15 PM
 #1634

I think it's hard for local businesses to accept BTC.Because some countries policy that BTC cannot become legal currency, so under such policies, enterprise is difficult to accept the BTC, and the value of the BTC fluctuations, enterprises can't take such a risk
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December 08, 2017, 01:15:42 PM
 #1635

We shoul talk about it and post in local FB groups as much as we can.
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December 08, 2017, 03:34:15 PM
 #1636

It is not that easy in encouraging some people to use bitcoin as a mode of payment until today , but there are some people that are accepting bitcoin due to the over price of the bitcoin now, later on it will be so popular many people will understand it.

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December 08, 2017, 09:11:44 PM
 #1637

We shoul talk about it and post in local FB groups as much as we can.
The best practice which can help us in encouraging the ones who are there in the local business market is to make them very well aware about all the things related to bitcoin and crypto currency. Other than this, we also need to give them a detailed description about how things work in the world of bitcoin. In addition to this, we also need to make them understand the real need of having bitcoin and things like that.

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December 09, 2017, 12:29:29 AM
 #1638

If we told them how bitcoin can help the community financialy, and convince them that there are plenty of bitcoin users out there, maybe they can manage to accept BTC as a mode of payment.

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December 09, 2017, 06:25:56 AM
 #1639

Maybe not for now but i guess in the future local businesses also would patronize and accept bitcoin as one of the currency in the matket, by spreading some informations to families and friends eventually it will spread itself the goodnews of bitcoins, just by spreading and sharing ideas is enough that it will eventually be accepted in some local businesses...

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December 09, 2017, 06:09:00 PM
 #1640

Maybe not for now but i guess in the future local businesses also would patronize and accept bitcoin as one of the currency in the matket, by spreading some informations to families and friends eventually it will spread itself the goodnews of bitcoins, just by spreading and sharing ideas is enough that it will eventually be accepted in some local businesses...
we must understand that all actions Bitcoin users will be very significant if they will pay attention not only managers, but the real owners of the company who should see the prospect of using crypto currency. I just do not know what to do for this, but maybe if someone has ideas to create their projects or even the same stores, using crypto currency, then it needs to be done at all costs.


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