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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184287 times)
angaper
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August 14, 2016, 08:27:34 PM
 #261

Actually it is needed an increased adoption of bitcoin as a more popular payment method between Internet users to increase the interest of stores to accept this coin. I think we need to be patient because this process is gradual and still will take more years.
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August 15, 2016, 11:22:34 AM
 #262

The good we do introduce it to people who do not yet know . Teach them how to use it and explain to them that bitcoin is a very fast way of payment . We should teach them step by step how to use it and how they can be converted into cash . The principle should be that many of them can be put to the bitcoin .

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August 15, 2016, 11:33:29 AM
 #263

Actually it is needed an increased adoption of bitcoin as a more popular payment method between Internet users to increase the interest of stores to accept this coin. I think we need to be patient because this process is gradual and still will take more years.

The process is obviously gradual and would take time but it is not a bad idea if something introduces bitcoin to his local retailers to accept bitcoin and they would surely do it if they understand the advantages of it and if they accept it then more and more local people will come to know about it and that gradual change would be good for bitcoin.
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August 15, 2016, 11:35:52 AM
 #264

If the business is sending money to other country.
Than I think is good to tell them that Bitcoin is a solution because is faster and cheaper.


I think this is not a solution. Because BTC wallets can send Bitcoin directly to other BTC wallets so I dont know why money senders needs BTC for there businesses? In fact BTC's convenience can weaken their sales

This is not a good idea at all. you can convince the sender to use bitcoin, but what if the receiver don't have the features of bitcoin? and only sending and receiving is not enough for local business, they send in fiat because fiat can be use easily in locally also. and bitcoin can't be used easily. if you accept bitcoin you again need to exchange them into fiat to use them and spend them.

Well the receiver can always have the solution to create a btc wallet its free and easy and you will instantly get an btc address . Also Exhanging it to Fiat is also not a problems. As many of the btc walket has a option to diractly move btc into your bank account automatically converting it to fiat.



I think merchant find it hard to actually integrate bitcoin in their cash flow. Remember not everybody is technical and when you accept bitcoin, basic knowledge is required.
Overall I do think that bitcoin will become accepted globally but it is all a matter of time.

When it happens, banks will shake out of fear.
We're missing one importand aspect here. It's the legality of bitcoin. How can a local business accept btc of its illegal in the first place. Some countrie prohibit the transactiom of btc thats the one of the big reasons whys it can't grow locally.

Yup we should also think about the countries that is not accepting bicoin as payment because of legality of it we know that in our country we are free on using bitcoin because its okay with our government but if we implement or if we encourage the local business to accept bitcoin as a payment then it would happen only in our country.
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August 16, 2016, 02:55:30 PM
 #265

While its not bad to achieve both the local businesses to also accept Bitcoin,  the word about bitcoin may just be spread widely if its also used and accepted widely by online users to huge auction and ecommerce sites such as Amazon and the likes. With it being used online, we need not to encourage local business but they may initiate by themselves.

In a few years, when there are a few million people use the bitcoin, the bitcoin price will be many times more. But that might not happen if the bitcoin does not innovate any more.
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August 16, 2016, 07:30:36 PM
 #266

Actually it is needed an increased adoption of bitcoin as a more popular payment method between Internet users to increase the interest of stores to accept this coin. I think we need to be patient because this process is gradual and still will take more years.

Process is gradual but the introducing bitcoin to retails is first and the most important step in encouraging business to accept BTC.
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August 17, 2016, 03:06:37 AM
 #267

Actually it is needed an increased adoption of bitcoin as a more popular payment method between Internet users to increase the interest of stores to accept this coin. I think we need to be patient because this process is gradual and still will take more years.

Process is gradual but the introducing bitcoin to retails is first and the most important step in encouraging business to accept BTC.

That is really the hardest part of letting the local businesses to accept bitcoin is by introducing it to them. I think you must need to do some presentation and proper introduction for them to let them use bitcoin. And it is going to be good if you are the one to do that, because you can ask them to have your shares for it.

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August 17, 2016, 03:51:05 PM
 #268

While its not bad to achieve both the local businesses to also accept Bitcoin,  the word about bitcoin may just be spread widely if its also used and accepted widely by online users to huge auction and ecommerce sites such as Amazon and the likes. With it being used online, we need not to encourage local business but they may initiate by themselves.

In a few years, when there are a few million people use the bitcoin, the bitcoin price will be many times more. But that might not happen if the bitcoin does not innovate any more.

There are already a few or more million people using bitcoin worldwide so later on they will be counted in billions, and when the community reaches that point the adoption level would highly rise as well and the price would always follow the level of adoption.
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August 17, 2016, 03:54:43 PM
 #269

Actually it is needed an increased adoption of bitcoin as a more popular payment method between Internet users to increase the interest of stores to accept this coin. I think we need to be patient because this process is gradual and still will take more years.

Process is gradual but the introducing bitcoin to retails is first and the most important step in encouraging business to accept BTC.

That is really the hardest part of letting the local businesses to accept bitcoin is by introducing it to them. I think you must need to do some presentation and proper introduction for them to let them use bitcoin. And it is going to be good if you are the one to do that, because you can ask them to have your shares for it.
The better option which is not possible is to provide some promotions for local businesses. For example providing some goods cheaper than real price, if deals can be done using bitcoin.
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August 17, 2016, 07:07:20 PM
 #270

Actually it is needed an increased adoption of bitcoin as a more popular payment method between Internet users to increase the interest of stores to accept this coin. I think we need to be patient because this process is gradual and still will take more years.

Process is gradual but the introducing bitcoin to retails is first and the most important step in encouraging business to accept BTC.

That is really the hardest part of letting the local businesses to accept bitcoin is by introducing it to them. I think you must need to do some presentation and proper introduction for them to let them use bitcoin. And it is going to be good if you are the one to do that, because you can ask them to have your shares for it.
The main problem is how to present a good and simply understandable sentence about bitcoin to common people.
Then create a good presentation I agree with you , explain how bitcoin prospects, benefits and the other things related to bitcoin features.
Honestly this is easy said than done, bitcoin community in local area is not grow faster, useless if there is no customers.
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August 18, 2016, 03:26:01 AM
 #271

While its not bad to achieve both the local businesses to also accept Bitcoin,  the word about bitcoin may just be spread widely if its also used and accepted widely by online users to huge auction and ecommerce sites such as Amazon and the likes. With it being used online, we need not to encourage local business but they may initiate by themselves.

In a few years, when there are a few million people use the bitcoin, the bitcoin price will be many times more. But that might not happen if the bitcoin does not innovate any more.

There are already a few or more million people using bitcoin worldwide so later on they will be counted in billions, and when the community reaches that point the adoption level would highly rise as well and the price would always follow the level of adoption.
You can compare the total of the people in the world and the total of bitcoin users maybe you will knowing the answer, because until this time bitcoin just absorbing some percentage of the total people in the world.

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August 18, 2016, 08:13:50 AM
 #272

The good we do introduce it to people who do not yet know . Teach them how to use it and explain to them that bitcoin is a very fast way of payment . We should teach them step by step how to use it and how they can be converted into cash . The principle should be that many of them can be put to the bitcoin .
it is not that easy as you said. it needs a lot of planing and need team work, I can teach some peoples in my family or my street (same everyone can do) but we cannot change the overall situation.. using bitcoin is very easy but only at the web,
but when it comes to local businesses the situaiton will get change completely.. and it can be only possible if big companies get involved in it to promote bitcoin in local businesses,

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August 18, 2016, 02:04:59 PM
 #273

one of the difficulties in accepting bitcoin bitcoin is a delivery time that requires confirmation. honest, maybe some people do not easily believe in using bitcoin. there must be new standards governing the delivery fee in order to become faster delivery bitcoin.

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August 18, 2016, 03:02:51 PM
 #274

one of the difficulties in accepting bitcoin bitcoin is a delivery time that requires confirmation. honest, maybe some people do not easily believe in using bitcoin. there must be new standards governing the delivery fee in order to become faster delivery bitcoin.

I don't think that is a difficulty in bitcoin because it only takes few minutes for a transaction to get confirmation and I don't get a problem with it. And for sure the local businesses are not going to think about it either you just need to explain to them on how that confirmation works. And don't tell them that it is going to be a problem.

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August 18, 2016, 04:55:07 PM
 #275

one of the difficulties in accepting bitcoin bitcoin is a delivery time that requires confirmation. honest, maybe some people do not easily believe in using bitcoin. there must be new standards governing the delivery fee in order to become faster delivery bitcoin.

Confirmation time is just fine and merchants can deal with that.

The one thing they can't deal is the price volatility in bitcoin. They want a price stable if ever they will accept bitcoin as payment method. To cover the risk they will just add some fees whenever there is a bitcoin transaction in their products.

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August 20, 2016, 09:30:26 AM
 #276

one of the difficulties in accepting bitcoin bitcoin is a delivery time that requires confirmation. honest, maybe some people do not easily believe in using bitcoin. there must be new standards governing the delivery fee in order to become faster delivery bitcoin.

Confirmation time is just fine and merchants can deal with that.

The one thing they can't deal is the price volatility in bitcoin. They want a price stable if ever they will accept bitcoin as payment method. To cover the risk they will just add some fees whenever there is a bitcoin transaction in their products.

That's right, the unstable price can be a problem for larger businesses because they would probably need to store a lot of funds in their business and while they are holding the funds and the price drops then they would probably pick up quite large losses and that is not something a business can afford.
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August 20, 2016, 10:52:19 AM
 #277

In my opinion the best thing is making them acknowledge that it would be profitable for them to accept Bitcoin in their shops. Introducing them personally to the "Bitcoin world" would be the best but it is really time-consuming. A good thing would be spending some money into stamping leaflets and give them to the shop owners.
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August 20, 2016, 10:58:36 AM
 #278

In my opinion the best thing is making them acknowledge that it would be profitable for them to accept Bitcoin in their shops. Introducing them personally to the "Bitcoin world" would be the best but it is really time-consuming. A good thing would be spending some money into stamping leaflets and give them to the shop owners.


Most of the businessman almost has no time to think about other currencies and it's effect to their business... I think it won't be easy to convince them, except if one of their partners or they themselves already have an experience with bitcoin... Coz if they don't have, perhaps they will always think about the price, it keeps on moving and they are not into trading their money coz that's another form of business to them, that's another thing to focus at....

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August 20, 2016, 02:34:43 PM
 #279

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.

i think you need to let them know how maay people wants to use bitcoins so i think they should think about letting buyers pay in bitcoins, also tell how it is easy to do that

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August 25, 2016, 02:36:11 PM
 #280

I also would like to add the issue about the concern for local business accepting bitcoin as what will they right on their income statement for the issuance of their tax? For example as a citizen of a country that don't accept btc don't you think it will be fishy for the government that they always have 0$ in their income statement yet the business is still open until now.

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