Wesimon
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August 03, 2017, 05:40:04 AM |
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There must be improvement on the transaction process in order to do that. It must be faster and a lot easier and on time. If that happens, it will be more convinient and less hassle. No need to bring cash. If Japan would lead this kind of market, maybe other countries would be inspired as well to do so.
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matchi2011
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August 03, 2017, 05:45:48 AM |
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There must be improvement on the transaction process in order to do that. It must be faster and a lot easier and on time. If that happens, it will be more convinient and less hassle. No need to bring cash. If Japan would lead this kind of market, maybe other countries would be inspired as well to do so.
If its a country like japan, it's likely they can make it work. Most first world and rich countries i think are already capable of supporting btc transactions on a larger scale. Businesses there won't have a hard time getting requirements to transact solely in btc. Though same can't be said for most countries that are not yet ready for mainstream btc transactions
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Pleione527
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August 03, 2017, 05:50:56 AM |
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I wish more establishment in our country will also accept bitcoin like in japan..It's so nice to transact using your on-line wallet, very hassle free..If bitcoin will become a major crypto currency retailers and other store must adopt the market of bitcoin...maybe after 5 years more store will used bitcoin and it will become like a paper money I am looking forward for that day it will be more convenient to everyone of us...
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madwica
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August 03, 2017, 06:06:22 AM |
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I think it will takes more year to happen when already adopted by government, government is the one would declare to all stores to accept bitcoin or it will be part of payment method this is only options by people what they want to used to buy something. Also bitcoin needs more stablity to happen thay.
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yugyug
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August 03, 2017, 06:41:11 AM |
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more and more retail stores and major companies accept bitcoin in japan , for kidding side because they believe that the real creator of bitcoin was japanase with a code name Mister Satoshi Nakamoto. Japanese are more patriotic than any other countries, with these they support the bitcoin system where created by unknown japanese identity.Bitcoin is widely known in an advance countries and also in other giant financial company because of the blockchain technology used by bitcoin. the only drawback with the bitcoin is that the processing of transaction from customer to merchant is not real time that's why some retail store is still doubtful about bitcoin.
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speedy963
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August 03, 2017, 10:43:49 AM |
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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.
It is not that far if we will imagine that bitcoin will be accepted by local retailers or local merchants everywhere. As we see the current situation, developments throughout the system of bitcoin is highly focused non only by users but to other people. They believe that bitcoin will be worth the effort in the next few years, so each day had passed is still a development of it and it has still a lot to improve.
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fanbeila
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August 03, 2017, 11:01:18 AM |
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More retailers would come forward to accept bitcoin payments only when it is centralized and when its volatility gets reduced.Legalization could also be announced by governments as it was announced in japan.But volatility could not be solved since bitcoin is a decentralized currency and its price either increases or decreases with variation in demand for bitcoins.So,volatility is its nature.
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The_prodigy
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August 03, 2017, 02:14:21 PM |
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"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. I think more retailers would be able to accept bitcoin when we have the technology to streamline the process as currently there are a lot of roadblocks when it comes to devices or technology as there is a very subtle but distict differences i. CAPabilities between retailers and I think that is the reason why bitcoin is still not widely accepted.
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marcuslong
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August 03, 2017, 05:33:53 PM |
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Maybe in the year of 2020 bitcoin more local store will accept bitcoin as a payment methods but there are some online store that actually accept bitcoin even the price is low or high by the technology change it will be more chances to accept bitcoin because we are all in new generation that technology chance everything.
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supine
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August 03, 2017, 05:54:11 PM |
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"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. I think Japan is doing well when it comes to cryptocurrency. More retailers would accept bitcoin if this happens. Here in my country, some establishments accept bitcoin. I think it's more convenient that way and it's less burden to transact with bitcoin. Transactions with btc will help a lot of retailers if they will accept btc.
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harizen
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August 03, 2017, 05:59:32 PM |
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Maybe in the year of 2020 bitcoin more local store will accept bitcoin as a payment methods but there are some online store that actually accept bitcoin even the price is low or high by the technology change it will be more chances to accept bitcoin because we are all in new generation that technology chance everything.
What a guess, really 2020? How about this year, next year, following year? We all don't know what will be the progress but chances are, it will be successful. So literally it's obvious that we might see already a good development once 2020 came since it was build up for previous years before that.
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batang_bitcoin
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August 03, 2017, 09:56:28 PM |
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When USA and other well known first world countries are going to announce that bitcoin is good for everyone. But however they have to put themselves on the neutral mode. I know retailers will accept bitcoin once they are convinced that it is going to make their business faster and will generate more profit.
Compared to the past years bitcoin has got a bigger adoption this year from retailers as well common people. When Japan announced its official acceptance the markets accepting bitcoin increased a lot and caused a big inflow and circulation of bitcoin. Same will continue when more countries take part into legalized use of bitcoin. I don't think USA needs to take part legally, because they'll try to take control over it. And I'm seeing that there's a pattern that every year bitcoin's price, demand and popularity has been increasing. With the Japan's announcement they are now one of the biggest contribution when it comes to transactions. They really are serious with bitcoin and a big support coming from their government, only if all countries are the same like them.
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Rent this sig space so that BTC goes to $100k.
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richminded
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August 03, 2017, 10:01:46 PM |
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This will happen soon, i believe as the demand for bitcoin continue to soar high business now will surely use bitcoin as mode of payment. We will see a good development in the next 5years of bitcoin more users of bitcoin expect business to accept bitcoin.
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ObscurePen
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August 04, 2017, 05:54:52 AM |
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Well, like you said Japan did a great amount in paving the way for Bitcoin adoption. Without the support of the Japanese government, Bitcoin would have much less adoption by vendors at the moment. As with the US, they are hesitant because of the discrepancies surrounding tax and the general legal situation of Bitcoin. They believe that a change to Bitcoin would results in an economic crash especially if people pay no tax. But look at Japan. It is doing great with the implementation of Bitcoin. Perhaps with adoption by other countries, the US may change their view regarding Bitcoin. Only time will tell.
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HomeToken
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August 04, 2017, 06:00:51 AM |
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Bitcoin needs to be faster though.
It's actually pretty easy to integrate coin payments into existing online stores if they want. Maybe demand isn't there yet.
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santieevanz
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August 04, 2017, 06:27:03 AM |
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"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. Well, bitcoin can be used as payment for the next years in other countries and we will see the good improvement/development of it since the bitcoin is now becoming more popular to others.
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fathur.aza
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August 04, 2017, 07:34:56 AM |
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Small retailers should also pay attention to the acceptance of bitcoin, as retailers do not just exist in the marketplace to make transactions, if possible with many easy applications to make payments it is easier for retailers.
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TheBTCAlex
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August 04, 2017, 10:58:27 AM |
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Well, in my country it won't be for a long time. For that to happen we have to wait for mass adoption, which, in my country won't happen anytime in the near future as, well, let's just say most of the people here aren't even aware about what BTC is...so first awareness needs to be spread and then maybe we will see more acceptance of BTC in stores and retail shops in my country.
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AleSergio
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August 04, 2017, 12:28:00 PM |
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I think it depends on the goverment position, some of the countries ban bitcoins( as it is illegal ), others are trying to involve them in their economy. In this case i like Russia position, which tries to do a new cryptocurrency for its financial banking sytem. When the world will see the potential and legalization of the cryptocurrencies, than i guess we will see more and more retailers accepting Bitcoins ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Kisanaq
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August 04, 2017, 03:31:55 PM |
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At this time already many online stores that receive bitcoin, and can be said that all we are looking for is available there. Which is still minimal is the use of bitcoin for direct transactions such as in restaurants, hotels and so forth.
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