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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184070 times)
Altynbekova
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September 15, 2016, 02:50:43 PM
 #361

Don't encourage them just let them decide by themselves with no pressure. We have to get bitcoin more known trough commercials etc.
If they see it trough ads they will look it up by their free will and they will see all the benefits and people using it so it will be very attractive.
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September 15, 2016, 08:02:39 PM
 #362

You can encourage your local business to accept BTC if you go to educate them about it. Also I agree with people maybe just not enough people use it or show that they use it. The business owners have to see the interest in bitcoin with their own eyes.
local business don't need you to educate them because they will learn about bitcoin if it's popular around them,they need people to buy their goods and whatever the payment option they really don't care as long they can make profit,they will use it whatever it's about

Also it's impossible for a local business not to study the risk of accepting bitcoin as one of their payment option so educating them isn't necessary.

As long as bitcoin price has an active fluctuations, I understand those local business that still not accepting bitcoin. They are here to profit on daily basis and not to hold coins and wait for the price increase.

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September 15, 2016, 10:52:19 PM
 #363

To encourage local businesses to accept Bitcoin you have to let them know the advantages and disadvantages behind Bitcoin. Also teaching them how to manage Bitcoin. Cool Cool Wink

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September 16, 2016, 02:32:38 AM
 #364

Don't encourage them just let them decide by themselves with no pressure. We have to get bitcoin more known trough commercials etc.
If they see it trough ads they will look it up by their free will and they will see all the benefits and people using it so it will be very attractive.

I don't know how much your assumption will work, I think we need to tell that they can use bitcoin while they were doing trade their stock. Instead fiat cash they can bitcoins for to reduce energy the fees. If they need to international transfer even that time also business people can use this bitcoin.

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September 16, 2016, 05:45:40 AM
 #365

Don't encourage them just let them decide by themselves with no pressure. We have to get bitcoin more known trough commercials etc.
If they see it trough ads they will look it up by their free will and they will see all the benefits and people using it so it will be very attractive.

I don't know how much your assumption will work, I think we need to tell that they can use bitcoin while they were doing trade their stock. Instead fiat cash they can bitcoins for to reduce energy the fees. If they need to international transfer even that time also business people can use this bitcoin.
Maybe caused using bitcoin can reducing the total of fees but that's will need for reserving more time for every transaction if we are wanna for making any compare, i will more prefer for choosing the time is will be more faster than reducing the fees. "time is money"

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September 16, 2016, 07:41:20 AM
 #366

To encourage local businesses to accept Bitcoin you have to let them know the advantages and disadvantages behind Bitcoin. Also teaching them how to manage Bitcoin. Cool Cool Wink

There should be some kind of TV ads to let most of the people in the world know about the bitcoin. But who will pay?

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September 16, 2016, 07:59:06 AM
 #367

Encouraging local business to accept btc is not really in our hands but more into the hands of bitcoin and how they get into the media.
If they have positive feedback in the media this will allow them to grow more and shops to pick them up too. Negative news = shops won't want it.
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September 16, 2016, 08:44:50 AM
 #368

To encourage them you have to tell them what they get out of it. Low fees etc all the good attractive stuff.
But to say this to every shop is alot of work, we need mass advertisement and commercials and then I'd promise it will get super big super fast.
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September 16, 2016, 09:45:03 AM
 #369

Don't encourage them just let them decide by themselves with no pressure. We have to get bitcoin more known trough commercials etc.
If they see it trough ads they will look it up by their free will and they will see all the benefits and people using it so it will be very attractive.

I don't know how much your assumption will work, I think we need to tell that they can use bitcoin while they were doing trade their stock. Instead fiat cash they can bitcoins for to reduce energy the fees. If they need to international transfer even that time also business people can use this bitcoin.
Maybe caused using bitcoin can reducing the total of fees but that's will need for reserving more time for every transaction if we are wanna for making any compare, i will more prefer for choosing the time is will be more faster than reducing the fees. "time is money"

But bitcoin networks need conformation(i don't know why) thats why we cannot really tell that transaction to people will be faster enough from using this coin but i think if local business nor online will accept this it can give their more convinient since bitcoins cannot be reversable and also fees are much more lesser unlike to any other processor out there. And i am agreeinh for you to say time is money but we cant controll the bitcoins confirmation.

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September 16, 2016, 10:43:22 AM
 #370

when the BTC was spread in the whole world,it's more bussniess will accept it
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September 16, 2016, 10:45:19 AM
 #371

Don't encourage them just let them decide by themselves with no pressure. We have to get bitcoin more known trough commercials etc.
If they see it trough ads they will look it up by their free will and they will see all the benefits and people using it so it will be very attractive.

I don't know how much your assumption will work, I think we need to tell that they can use bitcoin while they were doing trade their stock. Instead fiat cash they can bitcoins for to reduce energy the fees. If they need to international transfer even that time also business people can use this bitcoin.
Maybe caused using bitcoin can reducing the total of fees but that's will need for reserving more time for every transaction if we are wanna for making any compare, i will more prefer for choosing the time is will be more faster than reducing the fees. "time is money"

But bitcoin networks need conformation(i don't know why) thats why we cannot really tell that transaction to people will be faster enough from using this coin but i think if local business nor online will accept this it can give their more convinient since bitcoins cannot be reversable and also fees are much more lesser unlike to any other processor out there. And i am agreeinh for you to say time is money but we cant controll the bitcoins confirmation.
the confirmation needed in order to prevent double spend,so people can't spend their money twice when they actually could only spend it once
and the confirmation speed sometimes getting affected by how much fee you set up in your transaction if it's meet the requirement then your transaction will be confirmated fastly,even though there's also another factor


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September 16, 2016, 01:13:00 PM
 #372

when the BTC was spread in the whole world,it's more bussniess will accept it

It is indeed true, it is now already in a stage of growth bitcoin exactly who you are talking about. So this will give you a pretty good effect, if the market has given a very positive fedback for bitcoin. Something that is bad for us is couldn't help but lust and greed. So if we want to successfully hold the lust and greed also


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September 16, 2016, 03:09:16 PM
 #373

I think we can encourage local businesses by setting an example.  Instead of suggesting them to put up a merchant store for bitcoin, why not , if we have fund, put up a merchant store ourselves.  if we prove to them that it is very profitable using bitcoin  then they will automatically inquire about the new technology and then setup their own bitcoin accepting stores.
If you holding bitcoins we i think we are starting business just holding bitcoins.. so if we offer bitcoins in any company they should accept it to increase their leads or sales.. because many people right now are using bitcoins.

Yeah and I think to encourage them they need alot of information cause they won't take something which will harm business.
It could be an idea to make a informative flyer and spread it around stores explaining bitcoin and giving a link to more information.
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September 16, 2016, 03:58:17 PM
 #374

To encourage them you have to tell them what they get out of it. Low fees etc all the good attractive stuff.
But to say this to every shop is alot of work, we need mass advertisement and commercials and then I'd promise it will get super big super fast.

No it's not that we have to tell them the benefits of it. They have a research team which is far can surpass all our ideas about bitcoin if they wil make some priorty of study on it that can make some brainstorming and no needs for us to do it.

As long as bitcoin has a large volatility we can't never really sees some more businesses that will accept bitcoin.

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September 16, 2016, 05:19:40 PM
 #375

By reducing expenses for them if they start accepting BTC or giving them a bonus percent of your purchase.I think that will encourage them accept BTC

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September 16, 2016, 07:11:14 PM
 #376

By reducing expenses for them if they start accepting BTC or giving them a bonus percent of your purchase.I think that will encourage them accept BTC

How can you reduce expenses for the merchant?  Unless you are a supplier, you can  cut your profit and give discount to them.  Or if you have lots of Bitcoin and sell this merchant discounted BTC or if they accept bitcoin, you buy them higher than the exchange.  And remember, in setting up bitcoin payment, you need extra tools for it.  You  need internet, gadgets and it needs both the buyer and seller to be able to connect to the network and complete  the transaction.  there are great ideas but the problem is the fund to support it.  Maybe we can start with bitcoin education drive.

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Hellacopter
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September 20, 2016, 11:05:49 AM
 #377

I think if governments take the decision to support Bitcoin and allow using it as payment processor, more local marketplaces and stores will start using it as well.
Agraoclya
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September 20, 2016, 11:07:52 AM
 #378

We can encourage local businesses to accept btc by spreading information about btc because to use btc you have to know what it is first.
When they know what it is they can decide if its worth it for the company to use it.
Fraxinus
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September 20, 2016, 12:40:09 PM
 #379

By reducing expenses for them if they start accepting BTC or giving them a bonus percent of your purchase.I think that will encourage them accept BTC

How can you reduce expenses for the merchant?  Unless you are a supplier, you can  cut your profit and give discount to them.  Or if you have lots of Bitcoin and sell this merchant discounted BTC or if they accept bitcoin, you buy them higher than the exchange.  And remember, in setting up bitcoin payment, you need extra tools for it.  You  need internet, gadgets and it needs both the buyer and seller to be able to connect to the network and complete  the transaction.  there are great ideas but the problem is the fund to support it.  Maybe we can start with bitcoin education drive.
Well,this has to be by the politicians,the governors,they have to reduce the expenses,but they have to be willing to make BTC a more popular means of payment

darklus123
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September 20, 2016, 01:43:39 PM
 #380

It is all about proper impartation of or knowledge about bitcoin and we have to educate them very precisely on what are the benefits that they can get if theycarw going to use bitcoin as a payment


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