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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184183 times)
fanou1988
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September 07, 2017, 11:52:23 PM
 #1341

well has any Point-of-sale system been proposed for bitcoin so far? pretty sure it'll facilitate bitcoin adoption by local shops, at least if it's cheap Shocked Shocked Shocked Shocked Shocked
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JackMorris
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September 08, 2017, 12:22:21 PM
 #1342

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.
JuanSanchezzz
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September 08, 2017, 12:22:40 PM
 #1343

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.
RogerCollins
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September 08, 2017, 12:36:34 PM
 #1344

All company's are interested in making profit and with the bitcoin this possible, you can let anyone pay with the bitcoin that are coming from all over the world and you can control it yourself too.
masterwakokok7
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September 09, 2017, 02:23:19 AM
 #1345

It will take a lot of time and effort before a business accept Bitcoin as a payment. Normally, Most of the businessmen prefer to have actual cash than Digital Currency. Why? The value of Bitcoin is consistently fluctuating and for a business it's bad. Depreciation of Bitcoin could cause them a lot of money if that happen.

Though, if only the price of Bitcoin continously stable and rising then business owners would be much more willing to accept Bitcoin. But first before encouraging businesses, Government must first set regulations towards Bitcoin transaction for security and Bitcoin must be legally accepted by a country nation wide.

Turiettly
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September 09, 2017, 05:11:50 AM
 #1346

Encourage local businesses by just employing bitcoin and demonstrating them it's actually a currency and it is getting utilized.Cause if they never see that it really is globally utilized then it truly is no cause for them to incorporate it to their payment techniques ofcourse
geniabelty
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September 09, 2017, 02:41:01 PM
 #1347

It is quite hard to encourage businesses to accept Bitcoins due to the fact that It's not "YET" Legally accepted worldwide. Local Businesses prefer to have their local currency as payment. Easy transaction and less hassle for these businesses. Second, is that the volatility of the industry discourages these businesses to accept Bitcoin as they're afraid that one day the value of Bitcoin will drop from zero.

sergio red
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September 09, 2017, 03:11:19 PM
 #1348

It is quite hard to encourage businesses to accept Bitcoins due to the fact that It's not "YET" Legally accepted worldwide. Local Businesses prefer to have their local currency as payment. Easy transaction and less hassle for these businesses. Second, is that the volatility of the industry discourages these businesses to accept Bitcoin as they're afraid that one day the value of Bitcoin will drop from zero.
well explained. basically, every local business person wants to stay safe and hassle free transaction. so that they always prefer to pay or give their

locally accepted currency. if Bitcoin would be legal currency all over the world then it will not a problem to encourage them to use bitcoin in their

transaction. also, Bitcoin is not a stable price so it is also a constraint to use regarding business purpose.
Shamie1002
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September 09, 2017, 03:21:36 PM
 #1349

Local businesses are afraid of losing a great capital. Using bitcoins are risky for them.
Mainly because prices are not stable. They are afraid of crashes especially for a long period of time. It will mainly affect profits.
One more thing is that it is not yet legalized be government. No business will accept a currency without the assurance of its worth.
They would rather use cash for it is tangible, secured and stable in price. I
Rana590
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September 09, 2017, 03:52:54 PM
 #1350

Really a good work for you. In this case you need maintain some rules. You can't say everybody one by one. You need to effective way. Make a group or use social media for it. Discuss with advantage of bitcoin like low fees, fast transaction, secure and safe. Hope they will be interested.














 

 

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concept2
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September 09, 2017, 06:11:36 PM
 #1351

Local businesses are afraid of losing a great capital. Using bitcoins are risky for them.
Mainly because prices are not stable. They are afraid of crashes especially for a long period of time. It will mainly affect profits.
One more thing is that it is not yet legalized be government. No business will accept a currency without the assurance of its worth.
They would rather use cash for it is tangible, secured and stable in price. I
I agree with you. The stability is one of the important issues. but I think that customers will not care about this feature. Fee is more important. I believe that it is hard for someone to spend their bitcoin right now due to the high fee and slow confirmation. Moreover, the price of bitcoin is very high which has made people hold their bitcoin instead of spending it

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voztata
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September 09, 2017, 07:01:07 PM
 #1352

For you to get their attention you need a business proposal or a formal meeting or rather call it a presentation. Because if you are going to talk to a businessman it will always ask how much profit they can get from you so you need to explain it professionally.
That’s impossible because local businesses requires cash, and not digital and mobile stuffs or whatever you may call it. If it was possible, local businesses would have started with PayPal, even before bitcoin. The only business that can accept mobile or online payment are big business.

TechBench
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September 09, 2017, 08:22:42 PM
 #1353

First of all it should be legal. Business should not get problems from government when they start accepting crypto. So - the legal question is on the first place.
mharz
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September 10, 2017, 12:59:16 AM
 #1354

Local businesses are afraid of losing a great capital. Using bitcoins are risky for them.
Mainly because prices are not stable. They are afraid of crashes especially for a long period of time. It will mainly affect profits.
One more thing is that it is not yet legalized be government. No business will accept a currency without the assurance of its worth.
They would rather use cash for it is tangible, secured and stable in price. I
I agree with you. The stability is one of the important issues. but I think that customers will not care about this feature. Fee is more important. I believe that it is hard for someone to spend their bitcoin right now due to the high fee and slow confirmation. Moreover, the price of bitcoin is very high which has made people hold their bitcoin instead of spending it
Yeah right I agree but I have 1 suggestion let introduce first the bitcoin in local, because if the local can't know the bitcoin and their good effect to their business there's no sense to accept it. Otherwise teach local businesses also how to apply bitcoin in their business.
GrowingCoins
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September 10, 2017, 01:00:27 AM
 #1355

Business man want sales, if you offer them a way to get rid of the bitcoins they earn by sales, they  will certantly accept bitcoins as paymet method.
suvo05
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September 10, 2017, 09:02:46 AM
 #1356

I think it is hard to encourage existing local businesses to accept BTC first of all it is hard to explain bitcoin to a people who know nothing about it. And if his business is running well he would not want to bring another risk factor in his business (as btc value fluctuate so frequently he will look that as a threat). But for a new startup by a person,who know bitcoin well it is possible to start a shop, which accept bitcoin.

JoeStewart
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September 10, 2017, 11:22:57 AM
 #1357

I think to push local businesses to accept bitcoin on the area the government should legalize bitcoin. Because if bitcoin became legal there certainly local businesses feel safe to accept bitcoin. In addition bitcoin should have a lot to ease adoption. You also have to convince if accept bitcoin will have benefits for the local business.
raven7886
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September 10, 2017, 12:17:35 PM
 #1358

All company's are interested in making profit and with the bitcoin this possible, you can let anyone pay with the bitcoin that are coming from all over the world and you can control it yourself too.
No local business will accept to make use of Bitcoin due to its slow form of transaction; you wouldn’t like to stand and wait for 15 minutes (possibly 1hr) in a store buying a particular stuff. So cash is the best option. Unless the lightning network is released, but cash is always the best option locally; Bitcoin is for online.
metalbean
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September 10, 2017, 02:52:13 PM
 #1359

It's always very challenging to move from a traded token to a token for payment, unless the token itself has internal value much like gold, or the recognition of a central authority. I know the central authority part sounds very anti-crypto but it has been like this since ages, maybe it will change in the future who knows with bitcoin being the real daily currency.

Also, we should support tokens that have real life usage, that way the token can be used to buy, or at least, trade for something. SLVR is one that is actually peg to real silver, another one is USDT but I am not sure how it can continue maintaining 1:1 with USD.

Be the person you want to coin.
Therly
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September 10, 2017, 05:06:11 PM
 #1360

There is no numerous techniques how to stimulate company to settle for bitcoins. They are frightened of unstable value of bitcoin, it truly is challenging to declare and shell out taxes for it and lastly, they still want to exchange obtained btc their local currency. And most imprtant thing - there is nevertheless not sufficient people who will pay in bitcoin. And it's like closed circle - numerous men and women don't use bitcoin, simply because it truly is difficult to discover locations the place bitcoin approved.
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