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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184287 times)
xIIImaL
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August 25, 2016, 05:04:48 PM
 #281

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.

Yeah I think you are right. As we use bitcoin in daily business It will produce false case in income tax statement and for that government should accepts the bitcoin as payment and they should centralised that, Till that it will not work at all.
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August 26, 2016, 08:59:03 AM
 #282

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.

Yeah I think you are right. As we use bitcoin in daily business It will produce false case in income tax statement and for that government should accepts the bitcoin as payment and they should centralised that, Till that it will not work at all.

I think this is indeed quite bad at risk if there is no penindakan firmly against the Government, because if the Government didn't response upon this then surely the Government will become a loss and they lose the opportunity to earn a good enough profit to build his country. Using bitcoin payments more secure and comfortable than anything else, but the impact of this on the usage will now be bad for Government

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August 26, 2016, 04:22:22 PM
 #283

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.

Yeah I think you are right. As we use bitcoin in daily business It will produce false case in income tax statement and for that government should accepts the bitcoin as payment and they should centralised that, Till that it will not work at all.

You guys are right that local businesses cannot accept bitcoin unless bitcoin accepts it as the taxes that are applied for using dollars wont be there if someone is using bitcoin because it is not controlled by the government so there would be no taxes and if the government finds that they can possibly ban that business.
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August 29, 2016, 12:32:17 PM
 #284

You know we are already doing online business like trading and investment, and thats all are accepted bitcoins, and we have no problem in it, so it has clear mean that we are encouraging the bitcoins, but in high level it takes sometime. But bitcoin is already going fast so may be within 10 years bitcoin also achieved more levels.

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August 29, 2016, 05:06:47 PM
 #285

You know we are already doing online business like trading and investment, and thats all are accepted bitcoins, and we have no problem in it, so it has clear mean that we are encouraging the bitcoins, but in high level it takes sometime. But bitcoin is already going fast so may be within 10 years bitcoin also achieved more levels.

If we are talking about trading and investment so that all are kinds of business, and really we can use bitcoin in it, and faces the no problem. But in pure business i don't think that we can use bitcoin easily. Because in official level and also in government level have many problems, and also it is a time taking work.
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August 30, 2016, 03:33:21 PM
 #286

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 .

This seems like the most logical way. I think it also needs alot of time, people need time to ease into things especially if money is involved.
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August 31, 2016, 01:11:03 AM
 #287

we should show them how the bitcoin works. we have to prove its existence and the big question ia that bitcoin price is so voilent
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August 31, 2016, 08:33:34 AM
 #288

You know we are already doing online business like trading and investment, and thats all are accepted bitcoins, and we have no problem in it, so it has clear mean that we are encouraging the bitcoins, but in high level it takes sometime. But bitcoin is already going fast so may be within 10 years bitcoin also achieved more levels.

If we are talking about trading and investment so that all are kinds of business, and really we can use bitcoin in it, and faces the no problem. But in pure business i don't think that we can use bitcoin easily. Because in official level and also in government level have many problems, and also it is a time taking work.

It really take more time to work with it, but if government will see the benifits and potential of this coin provably they will take the advantages of it and adopt its usefullness, and maybe that could be a trigger for business sector to accept bitcoin in their business venture,  and also if business man will also see the numbers of bitcoin users in the world well theirs a big provabilities that shops will totally accept bitcoins but as i've seen it nowadays their are numerous stores are currently accepting bitcoins nowadays and maybe in this upcoming future bitcoin shop acceptance will spread more and more.

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August 31, 2016, 04:12:14 PM
 #289

we should show them how the bitcoin works. we have to prove its existence and the big question ia that bitcoin price is so voilent

Nothing can happen by just showing them how bitcoin works or its existence until the government of that country gives freedom to everyone for using bitcoin because without permission no business can adopt any new currency just like that.
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September 01, 2016, 12:55:23 AM
 #290

The problem is not many people know about bitcoin, especially in my country. So, if a shop accepted bitcoin, it's like a useless move. Because nobody in my area using bitcoin.
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September 01, 2016, 09:22:16 AM
 #291

Maybe we encourage them easily if we encourage first our local government to use or accept bitcoin in local businesses. Because if we direct to tell them maybe they can not believe on us. But if we explain in government how use it and teach them how to transfer in easy way maybe they can publish it to our area that bitcoin can use in local business.


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September 01, 2016, 09:46:56 AM
 #292

The problem is not many people know about bitcoin, especially in my country. So, if a shop accepted bitcoin, it's like a useless move. Because nobody in my area using bitcoin.
If the governments is wanna think for making a news about allowing for using bitcoin i think a lot of store and people will want to learning about bitcoin and that like in Russian cases.


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September 01, 2016, 03:16:23 PM
 #293

Always ask if you can pay by bitcoin, if they dont know what it is you can explain the concept or they'll look it up themselves cause they will be curious. If alot of people ask at one place then they will probably implent it as they don't want to miss out on money and want to keep customer satisfaction high.
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September 01, 2016, 06:08:23 PM
 #294

Always ask if you can pay by bitcoin, if they dont know what it is you can explain the concept or they'll look it up themselves cause they will be curious. If alot of people ask at one place then they will probably implent it as they don't want to miss out on money and want to keep customer satisfaction high.

Explaining is not enough. Business is business and they have to run it properly everyday. Until there is a massive request of people to those merchants to accept bitcoin, merchants will never considered to study the risk if they will have to accept bitcoin as payment method.

But honestly, if bitcoin price become stable like fiat currencies, no need for such explaining as they will automatically add it in one of their payment method.

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September 01, 2016, 09:54:27 PM
 #295

I think firstly we have to tell  them what is bitcoin and what they can have advantage  if they can use bitcoin for  their businesses    , they will understand and they will see to use bitcoin for the thier  business and  they will except it , because if they see there is opportunities for they work , they will like to use bitcoin.
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September 02, 2016, 11:19:01 AM
 #296

Maybe in my experience as businessman I have facebook page and website and my businessaccept bitcoin payment its a small business. So I think if you endorse bitcoin by this method and your business grow. Local business study your business and you can lecture them about bitcoin currency. So therefore I think they copy your business plan and soon business in your area accept bitcoin payments also.

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September 02, 2016, 01:32:55 PM
 #297

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.

Yeah I think you are right. As we use bitcoin in daily business It will produce false case in income tax statement and for that government should accepts the bitcoin as payment and they should centralised that, Till that it will not work at all.

You guys are right that local businesses cannot accept bitcoin unless bitcoin accepts it as the taxes that are applied for using dollars wont be there if someone is using bitcoin because it is not controlled by the government so there would be no taxes and if the government finds that they can possibly ban that business.
Until the country's government does not recognize btc as sort of a 2nd currency of the country, Local Businesses wouldn't dare to consider BTC as a mode of payment. However they do have the option too convert it to Fiat for the sake of transparency. But then again the government will really gonna be on your back with all your transactions.

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September 02, 2016, 04:46:07 PM
 #298

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.

Yeah I think you are right. As we use bitcoin in daily business It will produce false case in income tax statement and for that government should accepts the bitcoin as payment and they should centralised that, Till that it will not work at all.

You guys are right that local businesses cannot accept bitcoin unless bitcoin accepts it as the taxes that are applied for using dollars wont be there if someone is using bitcoin because it is not controlled by the government so there would be no taxes and if the government finds that they can possibly ban that business.
Until the country's government does not recognize btc as sort of a 2nd currency of the country, Local Businesses wouldn't dare to consider BTC as a mode of payment. However they do have the option too convert it to Fiat for the sake of transparency. But then again the government will really gonna be on your back with all your transactions.

They cannot use it in the first place if the government of that country haven't announced bitcoin as a legal currency for that country, and if they do it without that it may be considered illegal and they might get charged so they would always have this fear in minds when they think about accepting bitcoin as a payment.
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September 02, 2016, 05:00:50 PM
 #299


Until the country's government does not recognize btc as sort of a 2nd currency of the country, Local Businesses wouldn't dare to consider BTC as a mode of payment. However they do have the option too convert it to Fiat for the sake of transparency. But then again the government will really gonna be on your back with all your transactions.

No need for recognization of bitcoin as sort of 2nd currency. Why in other places there are physical stores that accept bitcoin eventhough bitcoin is not their second currency to be consider as a whole?

It's because of massive request and demands by the customers or maybe they just trying out if accepting bitcoin will be convenient if they did. It's like a beta tesing.

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September 03, 2016, 09:30:57 AM
 #300

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,
Yes you are right just thinking about it we need a hard work plan before we introduce it in many businesses. Bitcoin is easy to use in web and i think the big companies their no time to do it so encourage local business to use bitcoin is not easy. Maybe do they own research if bitcoin become popular in all country.

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