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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184181 times)
BitHodler
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October 13, 2016, 05:05:40 PM

How to encourage local businesses to accept btc hmm.. good question and difficult to answer. I don't think "we" here stands for the bitcoin users but more for bitcoin itself, they have to somehow show their attractive side to business owners.
It's actually very simple. They need to see that people are spending their coins on a massive scale in order to get the incentive they need to list a Bitcoin payment option.

But as we speak, most people are not really interested in spending their coins as they focus more on the investment aspect of Bitcoin.

Will we see any kind of business accept Bitcoin as a payment form, then keep/start spending. More can you not do.

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October 14, 2016, 07:44:18 AM

How to encourage local businesses to accept btc hmm.. good question and difficult to answer. I don't think "we" here stands for the bitcoin users but more for bitcoin itself, they have to somehow show their attractive side to business owners.

That is why you need to have some presentation and you need to make some explanation to the business owners that resides near or within your location. Because the fact is that businessmen are not going to waste any single penny for investments that they are not going to understand in the first place, just tell them that bitcoin is going to be the future currency that Bill Gates is telling.
It is not an easy process introducing a new way of payment because there are several questions with it. Suppose they accept bitcoin will even one person pay using bitcoin. And also there is an issue about taxes the government will try to chase you about you earning money without having a record of your earning because they are all bitcoin. That can be rough for businesses. I think you should introduce bitcoin to governments first and make it a legal thing.

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October 14, 2016, 07:59:54 AM

How to encourage local businesses to accept btc hmm.. good question and difficult to answer. I don't think "we" here stands for the bitcoin users but more for bitcoin itself, they have to somehow show their attractive side to business owners.

That is why you need to have some presentation and you need to make some explanation to the business owners that resides near or within your location. Because the fact is that businessmen are not going to waste any single penny for investments that they are not going to understand in the first place, just tell them that bitcoin is going to be the future currency that Bill Gates is telling.
It is not an easy process introducing a new way of payment because there are several questions with it. Suppose they accept bitcoin will even one person pay using bitcoin. And also there is an issue about taxes the government will try to chase you about you earning money without having a record of your earning because they are all bitcoin. That can be rough for businesses. I think you should introduce bitcoin to governments first and make it a legal thing.

Indeed, it needs deep analytical studies so companies won't get compromise since bitcoins regularly flactuates up nor down, and this could be the hardest decision to them since bitcoin is unknown for all of people globally, and chances to lose money for its unstability well exist and im really sure this study for its acceptance would take for more longer years since bitcoin is unpredictable processor.


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October 14, 2016, 01:17:58 PM

We can encourage local businesses to accept bitcoin by just using bitcoin and having a stable price cause not having a stable price is a red flag for any business that wants to adopt a new payment method in my opinion.
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October 14, 2016, 01:22:34 PM

My idea to encourage local businesses to accept bitcoin is to have them get information via flyers for example.
We don't have any advertisement for bitcoin which is a bummer cause somehow it has to spread information.
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October 14, 2016, 01:33:49 PM

My idea to encourage local businesses to accept bitcoin is to have them get information via flyers for example.
We don't have any advertisement for bitcoin which is a bummer cause somehow it has to spread information.

I think it will not work. As long as bitcoin is not that present and active in those local businesses we can never sees acceptance of it in most of the stores.

No need for us to encourage them because they can see actively if bitcoin is actively operating in their area.

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October 14, 2016, 01:45:25 PM

My idea to encourage local businesses to accept bitcoin is to have them get information via flyers for example.
We don't have any advertisement for bitcoin which is a bummer cause somehow it has to spread information.

I think it will not work. As long as bitcoin is not that present and active in those local businesses we can never sees acceptance of it in most of the stores.

No need for us to encourage them because they can see actively if bitcoin is actively operating in their area.

All this also depends on the user bitcoin in promoting or introducing bitcoin to everyone. If we're not doing any contributions to the growth of the bitcoin then you said would happen, because something is not recognized then it will not be used although it can give you a better advantage than ever before

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October 14, 2016, 02:01:11 PM

Hi mate.

I just read the very first page of this thread.

I just want to say that it will be hard for you to attract many people to use BTC especially from the local area, like you need to introduce what is BTC all about how it grow ups and downs.

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October 14, 2016, 02:41:56 PM

Some shops already have qr codes to pay. Show them how easy and cheap it is to setup a qr transaction and how to include intirgrate of bitcoin within the store and tell them more about bitcoin itself.
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October 14, 2016, 03:34:45 PM

My idea to encourage local businesses to accept bitcoin is to have them get information via flyers for example.
We don't have any advertisement for bitcoin which is a bummer cause somehow it has to spread information.

I think it will not work. As long as bitcoin is not that present and active in those local businesses we can never sees acceptance of it in most of the stores.

No need for us to encourage them because they can see actively if bitcoin is actively operating in their area.

All this also depends on the user bitcoin in promoting or introducing bitcoin to everyone. If we're not doing any contributions to the growth of the bitcoin then you said would happen, because something is not recognized then it will not be used although it can give you a better advantage than ever before

How hard we promote if local business didn't see some good reason to accept it then it will be hard.

The best way if by chance a person that know bitcoin will start making a ocal business and will start to accept bitcoin too. If other competitors will see it then they can consider to conduct a study about what is the benefits of using biticoin.

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October 14, 2016, 05:05:56 PM

We can encourage them by doing some nice offerings and I think if they know they can control it by themselves and also earn and make profit by holding they will invest it for sure.
The fact that it can be globally used is also attractable for them.
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October 14, 2016, 05:34:07 PM

Hmm that might be a very difficult thing to do as a bitcoin user no? To just encourage a business to accept bitcoin you need a lot of convincing power and proof that it's profitable for them.
I wouldn't know how we could reach this together but I do hope it happens.
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October 15, 2016, 12:31:59 PM

Hmm that might be a very difficult thing to do as a bitcoin user no? To just encourage a business to accept bitcoin you need a lot of convincing power and proof that it's profitable for them.
I wouldn't know how we could reach this together but I do hope it happens.


Not just convincing power but aswell data analysis about bitcoins since it will tell that bitcoins are really worth to accept with, but its very hard really to see the potential of bitcoins for business acceptance since the price of it is so unstable and might they gonna earn some loss if some certain breakdown will gonna happen unto the bitcoin, and we cannot trust its stability since its also known as money killer.

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October 15, 2016, 01:02:58 PM

Hmm that might be a very difficult thing to do as a bitcoin user no? To just encourage a business to accept bitcoin you need a lot of convincing power and proof that it's profitable for them.
I wouldn't know how we could reach this together but I do hope it happens.

It would really hard to convince a business  owner to recieve  bitcoin   hence they would really hesitate   because  bitcoin isnt  adopted  all over the world  and some  places didnt even  heard  about it . There would  really a time for this  which  some  of merchants   would  accept bitcoin as a payment.

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October 16, 2016, 02:57:46 AM

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.
Showing some advabtages of bitcoin is one of the most effective ways to persuade local business to accept bitcoin. Let them see what bitcoin can bring to our life, how does the Blockchain work, how fast it is when sending bitcoin. However, if the government does not allow people to use bitcoin, there is no way for business to accept bitcoin

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October 16, 2016, 06:11:57 AM

Encourage local businesses by just using bitcoin and showing them it's actually a currency and it is being used.
Cause if they don't see that it's globally used then it's no reason for them to add it to their payment methods ofcourse
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October 16, 2016, 06:35:40 AM

Encourage local businesses by just using bitcoin and showing them it's actually a currency and it is being used.
Cause if they don't see that it's globally used then it's no reason for them to add it to their payment methods ofcourse
Actualy its more than that to make them say yes to bitcoin. For example how does car brands accept loan payment for up to 5 years or 60 monthly payments and don't have any interest. It is because they are encourage by banks to do it and they are being paid to use it  . It is a win win scenario where a bank can say that there card gas many uses and has 0% interest on using it as a payment method.

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October 16, 2016, 03:52:00 PM

How to encourage local businesses to accept btc hmm.. good question and difficult to answer. I don't think "we" here stands for the bitcoin users but more for bitcoin itself, they have to somehow show their attractive side to business owners.

That is why you need to have some presentation and you need to make some explanation to the business owners that resides near or within your location. Because the fact is that businessmen are not going to waste any single penny for investments that they are not going to understand in the first place, just tell them that bitcoin is going to be the future currency that Bill Gates is telling.
It is not an easy process introducing a new way of payment because there are several questions with it. Suppose they accept bitcoin will even one person pay using bitcoin. And also there is an issue about taxes the government will try to chase you about you earning money without having a record of your earning because they are all bitcoin. That can be rough for businesses. I think you should introduce bitcoin to governments first and make it a legal thing.
Bitcoin is legal and you can declare it in your taxes, although you will need to see the regulations in your country since as far as I know is not recognized as a currency but as a commodity, second bitcoin leaves a trace of every transaction on the blockchain so it痴 not like there are to records of your transactions for the government to see.

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October 16, 2016, 05:38:05 PM

Encourage local businesses by just using bitcoin and showing them it's actually a currency and it is being used.
Cause if they don't see that it's globally used then it's no reason for them to add it to their payment methods ofcourse
Actualy its more than that to make them say yes to bitcoin. For example how does car brands accept loan payment for up to 5 years or 60 monthly payments and don't have any interest. It is because they are encourage by banks to do it and they are being paid to use it  . It is a win win scenario where a bank can say that there card gas many uses and has 0% interest on using it as a payment method.

I agree that it really takes more than a story to make businesses accept bitcoin.  Regarding to percent interest, we all know that it was already marked-up on the item.  You can do the same even if you use bitcoin to pay for your car loans.  In the world of business, it is impossible to believe that people don't have commision in their services.  There is always a catch.

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October 16, 2016, 10:26:46 PM

perhaps by introducing bitcoin to the community, and local sellers. besides that we also have to explain the advantages and benefits bitcoin transactions are easy and fast. simply multiply excellence in bitcoin might also be introduced. so maybe they would be interested to receive and use bitcoin

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