When will more retailers accept Bitcoin

[IdVerification]

"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency"

article published July, 5, 2017
https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/

"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients."

It makes sense that a transition to accept bitcoin would be underway for more US-based stores.

[cpfreeplz]

I wish I could spend my bitcoins locally or even in my country at all (easily). Although it has helped me hang onto them and earn quite a bit over the years.

[iamTom123]

Well, we have to thank Japan for really leading the way for the burgeoning adoption of Bitcoin down to many merchants or retailers. I am sure this can somehow make Bitcoin more popular as it can now be used to buy real-world products whether online or offline. It is now very convenient to pay Bitcoin because of the provided infrastructure.

As with the great USA, there seems to be a slower adoption of Bitcoin from merchants big and small. It can because of the still-lacking tax and legal framework to work with. We are having a wait and see attitude so far. Hopefully, in the coming months and years there would be an uptick in the merchants' attitude towards Bitcoin. Well, we are all hoping that soon Amazon and other big online retailers can facilitation the acceptance of Bitcoin.

There is no questions there are still many issues that e-commerce has to contend with in relation to Bitcoin. Many are showing apprehension with the currency's volatility which can definitely affect potential profits. Not to mention the reluctance of the government to fully recognize Bitcoin.

[IdVerification]

Hey Tom!

Here's a big merchant making it happen.


"OVERSTOCK EXEC: 'It's crazy that so many retailers don't accept bitcoin'"

article published July 14, 2017
http://www.businessinsider.com/bitcoin-price-up-overstock-ceo-says-firms-should-accept-it-2017-7

"The cost of accepting bitcoin is very low," Johnson said. "It's actually cheaper for us to complete a bitcoin transaction than it is to complete a credit card."

From the overstock site:

https://www.awesomescreenshot.com/image/2660580/df4170b70e66d6d7d2af29018885e613

[U2]

Hey Tom!

Here's a big merchant making it happen.


"OVERSTOCK EXEC: 'It's crazy that so many retailers don't accept bitcoin'"

article published July 14, 2017
http://www.businessinsider.com/bitcoin-price-up-overstock-ceo-says-firms-should-accept-it-2017-7

"The cost of accepting bitcoin is very low," Johnson said. "It's actually cheaper for us to complete a bitcoin transaction than it is to complete a credit card."

From the overstock site:

Well duh. Plus it's irreversible. Why would you not accept bitcoin? Even if you exchange it right away to fiat it's only costing you a total of half of a percent or so. That's dirt cheap for accepting money!!

[zeze18]

Well, we have to thank Japan for really leading the way for the burgeoning adoption of Bitcoin down to many merchants or retailers. I am sure this can somehow make Bitcoin more popular as it can now be used to buy real-world products whether online or offline. It is now very convenient to pay Bitcoin because of the provided infrastructure.

As with the great USA, there seems to be a slower adoption of Bitcoin from merchants big and small. It can because of the still-lacking tax and legal framework to work with. We are having a wait and see attitude so far. Hopefully, in the coming months and years there would be an uptick in the merchants' attitude towards Bitcoin. Well, we are all hoping that soon Amazon and other big online retailers can facilitation the acceptance of Bitcoin.

There is no questions there are still many issues that e-commerce has to contend with in relation to Bitcoin. Many are showing apprehension with the currency's volatility which can definitely affect potential profits. Not to mention the reluctance of the government to fully recognize Bitcoin.

Probably in some developed countries legal bitcoin of course already available some services both store and other facilities that provide transactions both online and offline using bitcoin facilities, and maybe only time factor bitcoin will be a digital currency that can be used in various countries with various transaction services

[RoommateAgreement]

in my opinion there are a couple of things that are preventing retailers from accepting bitcoin:
1. people who own bitcoin are a lot but people who are willing to spend bitcoin are very little. this means the possibility of little to no customers.
2. price is volatile still. it has been becoming less volatile but we can see drama like blocks and split can cause bigger volatility again!
3. fees. although they have come down ever since spam attack stopped but if they go up again and remain high people will be even less willing in spending their coins.
4. things such as chain split. which are scary and nobody wants a scary currency when there is fiat.

when these change, more retailers will accept bitcoin.

[jc89]

I think more retailers will accept bitcoin if its value will be more stabilized. Especially now that the value is deflating every day. So maybe more retailers are still waiting on what will happen after the hard fork. Retailers are businessmen who are not ready to risk when it comes to transacting with bitcoins. They will need more time to be convinced to accept btc. It's good to invest in bitcoin if you are investing for long term but retailers need cash to run their business.

[Beparanf]

I think more retailers will accept bitcoin if its value will be more stabilized. Especially now that the value is deflating every day. So maybe more retailers are still waiting on what will happen after the hard fork. Retailers are businessmen who are not ready to risk when it comes to transacting with bitcoins. They will need more time to be convinced to accept btc. It's good to invest in bitcoin if you are investing for long term but retailers need cash to run their business.

There are too much risk in bitcoin for its unstable value but those really businessman at heart may take it as a good opportunity since having business alone is a risk those who will take the risk and changes mostly succeed. They might take research on bitcoin to ease their worry for them to know that pumps is always possible in btc.

[ranochigo]

There are too much risk in bitcoin for its unstable value but those really businessman at heart may take it as a good opportunity since having business alone is a risk those who will take the risk and changes mostly succeed. They might take research on bitcoin to ease their worry for them to know that pumps is always possible in btc.

Some POS like Coinbase and Bitpay does allow the merchants to convert their Bitcoins immediately to fiat to avoid being affected by the volatility.

The volatility isn't usually a problem if they aren't looking to keep the Bitcoin but just to use it as a method for customers to pay. It is however, a problem to setup if their current system doesn't support either of the POS. While most physical stores do not accept Bitcoin, a lot of the online stores do accept it mostly due to the lower risk of being chargedback.

[mattermaster]

I appreciate the government of japan on thier decision to remain a tax free economy.
Hopefully, not only japan but all major stores and commercial organisations globally will start accepting bitcoin soon

[hisuka]

I appreciate the government of japan on thier decision to remain a tax free economy.
Hopefully, not only japan but all major stores and commercial organisations globally will start accepting bitcoin soon

This is also Im waiting and hoping even in my country that it will accept bitcoin in any major stores. Because for sure many will use bitcoin serves as currency. And other people will adopt bitcoin to use also, so this is nice if this will happen in the future.

[CryptoBry]

in my opinion there are a couple of things that are preventing retailers from accepting bitcoin:
1. people who own bitcoin are a lot but people who are willing to spend bitcoin are very little. this means the possibility of little to no customers.
2. price is volatile still. it has been becoming less volatile but we can see drama like blocks and split can cause bigger volatility again!
3. fees. although they have come down ever since spam attack stopped but if they go up again and remain high people will be even less willing in spending their coins.
4. things such as chain split. which are scary and nobody wants a scary currency when there is fiat.

when these change, more retailers will accept bitcoin.

You said it well. In Japan, there are now many merchants who are all ready to accept Bitcoin but sales are not yet burgeoning as expected because we all know that Bitcoin has become a speculative tool. I am sure that there would come a time when this can be reversed...we just have to wait since Bitcoin is right now still evolving.

[Basmic]

I appreciate the government of japan on thier decision to remain a tax free economy.
Hopefully, not only japan but all major stores and commercial organisations globally will start accepting bitcoin soon

At the moment it is difficult to do. To buy goods for bitcoin through the online store. I doubt that you have enough patience to go to the restaurant or to the store and wait for a confirmation of your transaction. The price of the transaction also does not make an attractive purchase for bitcoins.

[nakata90]

I appreciate the government of japan on thier decision to remain a tax free economy.
Hopefully, not only japan but all major stores and commercial organisations globally will start accepting bitcoin soon

At the moment it is difficult to do. To buy goods for bitcoin through the online store. I doubt that you have enough patience to go to the restaurant or to the store and wait for a confirmation of your transaction. The price of the transaction also does not make an attractive purchase for bitcoins.

Exactly, Bitcoin need fix issue in Blockchain about time confirm transaction if want become to digital cash for purcharse everywhere. Not only still confirm slow, use Bitcoin for purcharse at now with small amount very difficult, sometime the fees can high than the price to buy one thing.

[HeRetiK]

Exactly, Bitcoin need fix issue in Blockchain about time confirm transaction if want become to digital cash for purcharse everywhere. Not only still confirm slow, use Bitcoin for purcharse at now with small amount very difficult, sometime the fees can high than the price to buy one thing.

The fee market is problematic, but the 10 minute block time is a non-issue. If the buyer paid a sufficient miner fee, in 99% of the cases it will be sufficient to just wait for the transaction to show up on the network, no need to wait for the first confirmation. For larger amounts it would still be recommendable to wait at least for the first confirmation, but for everyday grocery shopping etc. this would not be necessary.

[Hamphser]

Exactly, Bitcoin need fix issue in Blockchain about time confirm transaction if want become to digital cash for purcharse everywhere. Not only still confirm slow, use Bitcoin for purcharse at now with small amount very difficult, sometime the fees can high than the price to buy one thing.

The fee market is problematic, but the 10 minute block time is a non-issue. If the buyer paid a sufficient miner fee, in 99% of the cases it will be sufficient to just wait for the transaction to show up on the network, no need to wait for the first confirmation. For larger amounts it would still be recommendable to wait at least for the first confirmation, but for everyday grocery shopping etc. this would not be necessary.

True,as long we do already see the confirmation then it should be fine since those transaction would really go into your wallet. For some this is really a major problem but for me it would be just fine. Seeing on the upcoming event they will really solve this problem and it would really be a great change and might really give the chance of bitcoin to be accepted on most merchants on the world.

[Mandoy]

"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency"

article published July, 5, 2017
https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/

"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients."

It makes sense that a transition to accept bitcoin would be underway for more US-based stores.

We will not know when will more retailers will accept bitcoin. With the current problem on bitcoin right now merchants and retailers will be stopping their acceptance of bitcoin. The threat and uncertainty of events after August 1 had led to  the panic selling of bitcoins. Just this minute 1 btc has dropped to 2016 US dollars and many expects that it will hit below 2000$ this evening. Merchants are also worried of whats about to come and everything will be settled after August 1. Today it is much better to sell your coins and wait until everything is clear and okay. It will be very troublesome if we do not convert our bitcoin this day.

[audaciousbeing]

"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency"

article published July, 5, 2017
https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/

"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients."

It makes sense that a transition to accept bitcoin would be underway for more US-based stores.

Government can only create an environment but cannot force retailers to start using the currency so far they have not replaced with the official legal tender of the country. And at this time, I am not sure any retailer would want to accept bitcoin especially if its own supplier is not accepting yet due to the fact that he might make more losses simply by just waiting till the next day before going to change it to fiat and buy his goods. Until much stability is witnessed, retailers might have difficulty accepting.

[SacriFries11]

Since bitcoin is not yet known by everybody so the number of people who has and earning bitcoin is still less than people who has cash. Well I think there will be more retailer that will accept bitcoin if they knew on how to deal with bitcoin and if almost all people use bitcoin instead of cash. If the retailers think they will also gain profit if they use bitcoin as exchange to their products or whatever they offer so maybe more retailers accepts bitcoin.