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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184290 times)
rambi91
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February 06, 2018, 12:38:06 PM
 #1781

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 outline the obvious for them, let them know that this is a possible route to grow larger incomes. For one example Credit card fees usually run around 2-3%, which can make a considerable dent in the profits of businesses operating on low margins, but with bitcoin, you can pay substantially lower fees (~ 1%) without needing a huge volume of transactions as leverage with the credit card company. And that’s only if you transfer your money back into local currency — if you keep in bitcoin, you can essentially avoid fees altogether and even invest at this current time to see a spike in turn  over.
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February 07, 2018, 05:13:13 AM
 #1782

I recognized this is the most important in the crypto world. My own store now accept BTC as a contribution to this revolution .

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March 01, 2018, 02:12:37 AM
 #1783

For me if the government does not accept bitcoin or does not support it... it is very hard to convince local business to choose bitcoin as a currency is in my region, there is only one shop which allow use to pay the BITCOIN.
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March 01, 2018, 04:15:28 AM
 #1784

I think that is not possible right now as the price of bitcoin goes down business owners wil find it too risky and the price is flactuates too much.I think it is only possible if the owner is a trader himself.He could use that btc to make some moves on the market.

Right...he can be a trader. You can encourage the local business owner to take advantage on the flactuation of the bitcoin and other crypo currencies. He can trade the crypto currencies since the value today is still low.

I think in the present condition of bitcoin he might afraid because if he accepts payment he might need to learn basic things about trading. Without knowledge about trading it is suggestible for him to accept it. We need to educate him about the technology behind it.


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shesheboy
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March 01, 2018, 05:13:52 AM
 #1785

For me if the government does not accept bitcoin or does not support it... it is very hard to convince local business to choose bitcoin as a currency is in my region, there is only one shop which allow use to pay the BITCOIN.

if your governments does not allow bitcoin , why there are still business that uses it?  maybe that can simply means that is is still posible for the people or business to use bitcoin even if the government doesnt believe it, infact there were also few countries like russia , south korea , china ,etc that bans bitcoin and other cryptos but most of the people from that country are still using it and they rather find ways in order to acces and trade bitcoin despite that it is restricted on their own country.

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March 01, 2018, 10:44:53 AM
 #1786

Perhaps, a good idea would be to give bitcoins to the development of a real business with the condition that the future company will be accept bitcoins as a payment for its services
As the price of bitcoin becomes more erratic and the high transactions cost will be a hindrance not to accept the local businesses into bitcoin. I think bitcoin will be a valuable commodity rather than a currency as we are now adopting that name to bitcoin.

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March 01, 2018, 11:51:16 AM
 #1787

Perhaps, a good idea would be to give bitcoins to the development of a real business with the condition that the future company will be accept bitcoins as a payment for its services
As the price of bitcoin becomes more erratic and the high transactions cost will be a hindrance not to accept the local businesses into bitcoin. I think bitcoin will be a valuable commodity rather than a currency as we are now adopting that name to bitcoin.

Exactly, if we treat it as currency then it will really affect a lot of loss to the local business. Still, it is not suggestable to the local business person because he might afraid of graph ups and downs in short period of time. People who have ability to understand the market how Bitcoin works maybe he will accept Bitcoin as the payment method.
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March 02, 2018, 12:52:08 AM
 #1788

We have to do what the weapon sellers do to congress. Lobby lobby lobby! I think we have to just ask them "can I pay in cryptocurrency please" eventually they will fomo into accepting crypto. This strategy would require a large portion of us to get active though which I can't see happening soon
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March 02, 2018, 02:11:29 AM
 #1789

this is a good idea, for bitcoin users may be happy if you do business like that, but before starting it you have to hold a seminar in advance so that others know what the process is like, or you advertise on youtube, and promote in campaign about your business and people will surely be interested in what you offer.
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March 02, 2018, 05:19:50 AM
 #1790

I think we can tell them about value of btc, it will help their company save money, time, and maybe ensure safety transaction
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March 02, 2018, 08:19:07 AM
 #1791

one way is we have to approach the local businessman, we explain the excess bitcoin currency for payment system and business investment. it should be emphasized that bitcoin prices are currently experiencing unstable fluctuations, which is why local businesses are reluctant to choose bitcoin for payment or business investment, maybe in the coming years if bitcoin prices can be stable it is not impossible they can use BTC digital currency for their business.
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March 02, 2018, 09:39:12 AM
 #1792

one way is we have to approach the local businessman, we explain the excess bitcoin currency for payment system and business investment. it should be emphasized that bitcoin prices are currently experiencing unstable fluctuations, which is why local businesses are reluctant to choose bitcoin for payment or business investment, maybe in the coming years if bitcoin prices can be stable it is not impossible they can use BTC digital currency for their business.

Many people said that if bitcoin can be regulatize and control by governments or banks it can become stable but even though many countries has now accepting and legalizing bitcoin it is still unstable? and with that i guess bitcoin wont be stable anymore maybe becausw that is its real nature , satoshi was intendedly built bitcoin to become a highly volatile coin. but despite that, there were still many business and merchants that still accepts bitcoin as their payment partner.

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March 02, 2018, 11:01:34 AM
 #1793


Using bitcoin for purchases encourages mainstream adoption and will thusly contribute to the value of your long term holdings as well. If more businesses had the ability to accept bitcoin, it might encourage consumers to start obtaining and spending it.
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March 07, 2018, 03:43:18 PM
 #1794

Perhaps showing them the price of how btc goes down and raises back to get them confident into a cryptocurrency as i suppose right now because its digital,
people can't see the physical product they might just use back the original currency.
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March 07, 2018, 05:52:18 PM
 #1795

Before you want to advance bitcoin by buying and selling bitcoin first you introduce bitcoin for what And what does it do if people want to accept it and can use it in everyday life, that's the easiest way to advance bitcoi

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March 08, 2018, 09:09:24 AM
 #1796

Tell them about bitcoin. How bitcoin works and why it is better to use it rather than fiat. That bitcoin has its own secured but decentralized blockchain where everything is fixed and irreversible. Lastly bitcoin will continue to grow in prices as it will continue to expand its users.
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March 08, 2018, 10:23:19 AM
 #1797

It's actually very easy to get a local business to receive bitcoin, the first thing to do is to introduce bitcoin to people, once it's done then push the government to legalize bitcoin, if everything is done then local businesses will be able to receive payments using BTC ..
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March 08, 2018, 01:08:05 PM
 #1798

You can encourage local businesses to accept bitcoin by providing information to those local businesses.
For example you could hand out info flyers with information about bitcoin pros and cons for businesses and a link for more information. They have to get to know more about it before they will accept it.
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March 08, 2018, 08:36:56 PM
 #1799

Tell them about bitcoin. How bitcoin works and why it is better to use it rather than fiat. That bitcoin has its own secured but decentralized blockchain where everything is fixed and irreversible. Lastly bitcoin will continue to grow in prices as it will continue to expand its users.
It will be much better if you can convince your 2-3 friends and start some business in your community with acceptance of the crypto currencies, soon this new facility which you are providing will become the source of advertising for you and then you can give the real time example to the people in the community about how you are getting more profits than them while using the bitcoin. This will make a lot of people to understand the overall concept of the bitcoin.

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March 09, 2018, 02:00:08 AM
 #1800

hey there! i guess we need to show them how important and useful the money raised from activities (that use btc payments or a blockchain technology) could be . i am a firm believer in that that's why i'm investing in various ico now, for instance, vlb that is a storage with info on a car ownership, insurance, repair and maintenance records. the point is they try optimizing the car industry which is no doubt one of the most imporant ones.
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