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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184287 times)
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January 10, 2017, 02:09:45 PM
 #821

I guess it does not need to be encouraged. for people using bitcoin, or for those who know to use bitcoin, they will accept it at local businesses they create. using bitcoin emblem in the business they do, will give a signal for bitcoin users to be able to know that local businesses that accept bitcoin

That is true, but the thing is if why a local business would adopt bitcoin if they does not even know that there are any bitcoin users around them to use bitcoin in their services? So a local business would only get encouraged if they see some people using or having bitcoins around them so that they can come to know they will have some basic customers around them.

It is a risk that those business owners will not going to take. Even how good the market of bitcoin worldwide and how its price is being good and stable landing at $800 but if that person is just owning a small store that is just hoping to have some good customers by simply paying him cash will satisfy him. And he won't even bother and waste his time for knowing who are those bitcoin users around him.
Thats not only the reason because most of them doesnt really know about bitcoin and if they knew it then they would probably refuse to accept too because we all know that bitcoins price is too unstable which means they may gain or profit and that depends on the movement of bitcoins price.Its really hard for them to convince actually.

Having not enough knowledge in bitcoin is just a normal thing for those business owners, don't expect that they have knowledge with it already. That's why we need to do something in able to encourage them and put their interest into bitcoin. Maybe fronting that bitcoin is a good investment and can generate good profit will encourage them.

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January 10, 2017, 02:48:54 PM
 #822

That's why we need to do something in able to encourage them and put their interest into bitcoin.

LOL, try to supply them items in BTC.
I will see, how You will be able to change the interest from the profit to BTC.
All the bills are in local currency, just no one sell fuel in BTC.
Who will have the currency exchange risks for free?

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January 10, 2017, 05:31:01 PM
 #823

That's why we need to do something in able to encourage them and put their interest into bitcoin.

LOL, try to supply them items in BTC.
I will see, how You will be able to change the interest from the profit to BTC.
All the bills are in local currency, just no one sell fuel in BTC.
Who will have the currency exchange risks for free?

This can be an option but its also not easy to do and it will also need you to invest in them and I think that is not the point of this.
I think that they have to know how its working and why its profitable.
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January 10, 2017, 06:34:33 PM
 #824

why its profitable.

Where is the profit?
In currency risks?
People love the stability.
Who need so unstable currency in business life to deal?

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January 10, 2017, 09:55:04 PM
 #825

We can do that by offering them bonus over their profit and making it easier for them to organize their documentation and setting up everything-that would be pretty great

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January 11, 2017, 12:29:37 AM
 #826

Thats not a problem. They pass the payment of these fees to the customers. Ever wonder why the stores give you a discount whenever you pay them in cash? Its not really a discount. Its the real price. You pay more when you use your credit card because it is you who the fees themselves.

don't know where you live but having been on multiple european countries that's not really the case, although many have a minimum purchase amount for paying with cc.
Also if they're giving you a discount when paying with cash its mostly because they're probably not going to register that sale and pay the corresponding tax..

In what European countries do they avoid paying sales tax? Thats Europe, they dont condone such practices. Maybe you are from a third world country where avoiding taxes is rampant because your government is very inefficient in collecting them.

It is a known fact that the consumers themselves pay for the credit card fees. So I dont know what planet you're from.

TIL fraud doesn't exist! Thank you pinkflower for your insight! although i'm suspecting your name is some euphemism related to your level of expertise (or lack thereof) about SME/companies and society in general.

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January 11, 2017, 01:00:54 AM
 #827

That's why we need to do something in able to encourage them and put their interest into bitcoin.

LOL, try to supply them items in BTC.
I will see, how You will be able to change the interest from the profit to BTC.
All the bills are in local currency, just no one sell fuel in BTC.
Who will have the currency exchange risks for free?

No, you can't just simply supply them items in bitcoin. You just need to explain to them and prove that bitcoin is real and with that, it's up to them if they are going to get interested with it. We don't have to force them even though you are right their about currency exchange, everyday there is a risk and we can't guarantee it to them to be free.

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January 11, 2017, 01:32:14 AM
 #828

If wanting more from your local community, it can surely be beneficial to start a Bitcoin Vending company to introduce it into local consumption. Without effort nothing can start off until momentum builds, so continue pushing to newcomers so eventually something can develop around you.

Proper expansion can do good, but sometimes digital services could become something better if establishing hybrid ideologies when consuming.

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January 11, 2017, 02:15:35 AM
 #829

If wanting more from your local community, it can surely be beneficial to start a Bitcoin Vending company to introduce it into local consumption. Without effort nothing can start off until momentum builds, so continue pushing to newcomers so eventually something can develop around you.

Proper expansion can do good, but sometimes digital services could become something better if establishing hybrid ideologies when consuming.

This is brilliant, why would we need to encourage local businessmen to start accepting bitcoin if we ourselves could start it out by spreading bitcoin to the locals by putting up a vending company/machines that accepts bitcoin and probably a vending machine where we can buy bitcoin...

Waiting for merchants to accept bitcoin would be longer if we ourselves won't start it out and be a merchant, by selling things and accepting bitcoin... We all know that it's hard to convince business stabllishments to use bitcoin if they don't know it and it's not being advertised by local mainstreem medias, so the best way would be to start it ourselves...  Smiley

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January 11, 2017, 02:15:51 AM
 #830

If wanting more from your local community, it can surely be beneficial to start a Bitcoin Vending company to introduce it into local consumption. Without effort nothing can start off until momentum builds, so continue pushing to newcomers so eventually something can develop around you.

Proper expansion can do good, but sometimes digital services could become something better if establishing hybrid ideologies when consuming.

What's the point of having so much bitcoin in the market without any place to spend it. There would be just money without anyone accepting that money. Think about it, what if you and I make our paper money. We print our faces on it and put some symbols and words on it that would make it look like some sort of paper money from a foreign country. No one would accept it. Because no one else values it but us two. That's the same concept for bitcoins.
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January 11, 2017, 05:59:30 AM
 #831

If wanting more from your local community, it can surely be beneficial to start a Bitcoin Vending company to introduce it into local consumption. Without effort nothing can start off until momentum builds, so continue pushing to newcomers so eventually something can develop around you.

Proper expansion can do good, but sometimes digital services could become something better if establishing hybrid ideologies when consuming.

What's the point of having so much bitcoin in the market without any place to spend it. There would be just money without anyone accepting that money. Think about it, what if you and I make our paper money. We print our faces on it and put some symbols and words on it that would make it look like some sort of paper money from a foreign country. No one would accept it. Because no one else values it but us two. That's the same concept for bitcoins.
I agree on your statement but seeing the status of bitcoin it is gradually being adopted which means its not useless and limited for some only.It may not be available or adopted worldwide but still its shows progress and potential which most users of bitcoin is wishing on.Spending our bitcoin without the need of exchanging it to fiat is really great.That time will come for sure.

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January 11, 2017, 01:44:21 PM
 #832

If wanting more from your local community, it can surely be beneficial to start a Bitcoin Vending company to introduce it into local consumption. Without effort nothing can start off until momentum builds, so continue pushing to newcomers so eventually something can develop around you.

Proper expansion can do good, but sometimes digital services could become something better if establishing hybrid ideologies when consuming.

What's the point of having so much bitcoin in the market without any place to spend it. There would be just money without anyone accepting that money. Think about it, what if you and I make our paper money. We print our faces on it and put some symbols and words on it that would make it look like some sort of paper money from a foreign country. No one would accept it. Because no one else values it but us two. That's the same concept for bitcoins.
I agree on your statement but seeing the status of bitcoin it is gradually being adopted which means its not useless and limited for some only.It may not be available or adopted worldwide but still its shows progress and potential which most users of bitcoin is wishing on.Spending our bitcoin without the need of exchanging it to fiat is really great.That time will come for sure.

already certain that growth will be higher and bitcoin will increasingly give advantage to us already from the beginning to keep some bitcoin that we have now. So, this is not bullshit. But it is indeed a fact, if you don't believe me then look at some State or ask some of the people around you who know the internet very well. then their answers will be very good and will definitely know the bitcoin. Now that it's been a lot of media attention in the bitcoin. Just waiting for the right time in the implementation of the growth of the bitcoin
 

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January 11, 2017, 02:13:36 PM
 #833

What's the point of having so much bitcoin in the market without any place to spend it. There would be just money without anyone accepting that money. Think about it, what if you and I make our paper money. We print our faces on it and put some symbols and words on it that would make it look like some sort of paper money from a foreign country. No one would accept it. Because no one else values it but us two. That's the same concept for bitcoins.

I don't think you can just apply that analogy to bitcoins. Creating a fake fiat money is not the same thing as a cryptocurrency. 2 people is far from an approximate of million bitcoin users all around the world. Crypto has an exchanger and you can quickly find the current price of the coin. Some coins might not be personally valued that much by other people, but they still have a fiat value. Good example is bitcoins. A non-bitcoin user would be surprised if someone gave him a physical bitcoin that has an address with 1 BTC in it when he checked the price online.

What's the point of having so much bitcoin in the market without any place to spend it.

I have news for you. You can convert bitcoins to fiat! Seems to me that you didn't know.

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January 11, 2017, 08:30:48 PM
 #834

We just need to encourage them to use the bitcoin more and more, I'm pretty sure that we can encourage them by motivating them and tell them they can make profit and can accept it easily.
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January 11, 2017, 10:40:05 PM
 #835

We just need to encourage them to use the bitcoin more and more, I'm pretty sure that we can encourage them by motivating them and tell them they can make profit and can accept it easily.
That is very hard bro, you can't just tell them like that, its a business and all business man/woman cares a lot for this business and especially bitcoin price is very volatile. You can't just tell them that if you use bitcoin you can make profit, how come if the price go down like this time. Accepting bitcoin for local that don't know the disadvantages of it can make their business lost.

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January 11, 2017, 10:44:54 PM
 #836

even though you are right their about currency exchange, everyday there is a risk and we can't guarantee it to them to be free.

For this exist bitpay.com, but supermarkets and other stores seems have no fun to entroduce it.


specially bitcoin price is very volatile

Put the price in local currency and accept $ trough bitpay.com
Seems this is too much work.

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January 12, 2017, 02:32:32 AM
 #837

We just need to encourage them to use the bitcoin more and more, I'm pretty sure that we can encourage them by motivating them and tell them they can make profit and can accept it easily.
Good idea but I think if you want to encourage them by motivating them you will need a lot of time to explain what are the benefits of bitcoins and bitcoins can do. They are businessman so you will need  to brief them more about bitcoins.

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January 12, 2017, 04:16:14 AM
 #838

another ways of encouragement is by letting them see the benefits of using Bitcoins, tell them that bitcoin doesn't needs more papers as transaction records, what they needed is just the internet connection. you can even say that bitcoin is a part of innovations and new technologies that attracts more customers and investors especially those "techies" and the youth which are hooked at the digital innovations.

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January 12, 2017, 04:44:26 AM
 #839

another ways of encouragement is by letting them see the benefits of using Bitcoins, tell them that bitcoin doesn't needs more papers as transaction records, what they needed is just the internet connection.

How is that an advantage of bitcoin over paper money? Paper money don't need transaction records too and it doesn't even require Internet connection. You just give him your paper money, he says "Thank you.", he hands you the item, and then that's it. A bitcoin transaction would require a mobile phone, scanning QR code, and then putting the amount of bitcoins, and then waiting for an average of 10 mins for the transaction to get processed. Not to mention if the location of the shop doesn't have Wi-Fi, in a remote area, or doesn't have a good signal reception.

you can even say that bitcoin is a part of innovations and new technologies that attracts more customers and investors especially those "techies" and the youth which are hooked at the digital innovations.
That would work. People want to be "in". People want to follow the trend. Simply saying that it's the "thing" right now will get them hooked in the idea.

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January 12, 2017, 05:59:45 AM
 #840

even though you are right their about currency exchange, everyday there is a risk and we can't guarantee it to them to be free.

For this exist bitpay.com, but supermarkets and other stores seems have no fun to entroduce it.

This is good for merchants and small entrepreneurs. But still it is not all about having fun, business is business when an owner sees that he is going to get more profit with it then he will grab the opportunity and accepts bitcoin instantly. It is just a matter of good talks and drinks and for sure you can convince them no matter how long it will take.

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✦   O●      Provably Fair Games      ●      Multiple Coins      ●      Daily Giveaways      ●O   ✦
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.Crash.
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.BlackJack.
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.HashDice.
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.NonceDice.

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iOPlay NowOi
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