When will more retailers accept Bitcoin

[Junko]

First before retailers can offer the option of paying with bitcoin, they have to have heard about bitcoin and know what it is. I imagine it is similar to the situation of how there are still a significant number of people who have never even heard of bitcoin. Retailers who have heard of bitcoin, then have to get past all the FUD and consider if the risks vs the rewards associated with dealing with bitcoin is worth the trouble. It seems the number of retailers accepting bitcoin would correlate with the number of individual people who get into bitcoin. As this number rises, so to will the demand for retailers to offer bitcoin as a payment option.

[planfox]

when the situation in the country has made it possible to give license the bitcoin. because the seller will of course sell a variety of products that are also official in the country. so payment must also be with an official payment. when a country has licensed bitcoin, retailers using bitcoin will become a reality.

I agree with it. In our country, many are afraid to take bitcoin as payment, since the authorities can recognize such a deal as illegal and then there will be problems.

[gabmen]

when the situation in the country has made it possible to give license the bitcoin. because the seller will of course sell a variety of products that are also official in the country. so payment must also be with an official payment. when a country has licensed bitcoin, retailers using bitcoin will become a reality.

I agree with it. In our country, many are afraid to take bitcoin as payment, since the authorities can recognize such a deal as illegal and then there will be problems.

Well there's a difference when governments are indifferent towards btc and when they're against it. Even if its not formally allowed, i think as long as it's not illegal, more retailers will eventually accept btc since it will also be convenient to them as well as their customers

[stompix]

First before retailers can offer the option of paying with bitcoin, they have to have heard about bitcoin and know what it is. I imagine it is similar to the situation of how there are still a significant number of people who have never even heard of bitcoin. Retailers who have heard of bitcoin, then have to get past all the FUD and consider if the risks vs the rewards associated with dealing with bitcoin is worth the trouble. It seems the number of retailers accepting bitcoin would correlate with the number of individual people who get into bitcoin. As this number rises, so to will the demand for retailers to offer bitcoin as a payment option.

Retailers will start accepting bitcoin if people are willing to pay with bitcoins.
This is a must. And unfortunately the new wave of bitcoin "users" or better say owners is not inclined to do this.
Open a thread with a poll and ask the users here is they would spend their coins or hold them for years and the results are probably going to surprise you. I doubt more than 5% would use BTC to pay for shopping or eating out.

And if retailers check the results of their competitors and see that accepting bitcoin hasn't improved their sales they might not be interested in making this step.
I always thought that hodling might be a real danger for growth.

[_Dawid_]

So we can say that the change has already come! Japan as we see will lead in this proccess so we can easly say that they will take the biggest benefits from it. Why retailers dont accept bitcoin payments? I think that its price is quite important here. Currently FIATs bring many problems because of price's changes. Imagine what issues could bring the Bitcoin or any other crypto currency changes. When one day price can pump or dump about 10-30%. What is more the finacial regulations are not ready to works clearly and without let or hindrance.

[ngefek berat]

"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.

The better if a country has received bitcoin well without any tax payment when doing any transaction. I hope next year more countries will start to recognize bitcoin especially in developing countries so that they can change people's lives in order to get better and to fulfill the life of the Economy does not become difficult.

[eloqant]

The key drivers for mass adoption of Bitcoin amongst commercial subjects are two - lower volatility of Bitcoin and friendlier legal and compliance standards. We are still far from such an adoption, I would say that Bitcoin nowadays is rather asset to speculate on than currency to pay with.

[Potato Chips]

The key drivers for mass adoption of Bitcoin amongst commercial subjects are two - lower volatility of Bitcoin and friendlier legal and compliance standards. We are still far from such an adoption, I would say that Bitcoin nowadays is rather asset to speculate on than currency to pay with.

i don't think the lower volatility is even possible for bitcoin and should not be included in those key drivers as its beyond reality. although to be honest the second will play a great

role in the coming mass adoption but i think its more of the people will become the key on this mass adoption because if you think it this way, if people or consumers to be

precise, demands for bitcoin then retailers will just follow them. in my own opinion it'll just take time before the mass adoption and the retailers to acknowledge bitcoin and

altcoins

[traderethereum]

if there are any approval from government about bitcoin then we can see more retailers will accepting bitcoin. but unfortunately, we need to wait more longer because until now its still a few country that accepting bitcoin so bitcoin can not use for the payment. but we can still using bitcoin to pay something on the internet and i think there is any store online accepting bitcoin.

[krisnt80]

The retailers number will grow when more countries legalize bitcoin, about the fees there are already new coins coming without fees, soo expect the future coins to come with small fees into them or without them, it doesnt make sense buy one thing that cost 1 dollar and pay 20 cent as fee, better use fiat for those, and bitcoin should be used for any kind of transaction.

[SirLancelot]

Japan is technically more advanced and thus its easier for people to accept a new norm and its preety amazing how things are adapted there that produces a nice balance for everyone.
As for other countries .. i personally think it depends upon your country stage of development and the acceptance of goverment.
If the government accepts it and makes it legal the companies will be forced to accept bitcoins and any other fiat.
Varies from country too country

It is necessary that people become aware of the concept of virtual currencies, bitcoins and their uses. Secondly legalization of bitcoins is very important to get a higher percentage of retailers from all over the world.

Although some countries have banned bitcoins but some are legalizing it because they have very large number of retailers who buy bitcoins frequently during dump periods to make their future investments.

[yakushev]

I think that most sellers are not ready to take bitcoin because they simply do not know how to pay taxes on profits from this crypto currency and are afraid of problems with the law.

[wolf89874]

I think it's only can be available at Japan. Cause it's a small country, with population only 127 millions , so things can be changed easy when you add something or simply change something. But with USA, is the best economics in the world, nearly 323 millions and people in this country is from every countries in the world. It means it's a immigration country. Very hard to control their payment not like Japane. I'm trying to explain to you what is different from Japan and USA and how hard USA retailers can be accepted Bitcoin.

[Webetcoins]

I feel for that subject matter was it take so might a long time to accept bitcoin.Very first it was not however recognized in some nations around the world.2nd was the charge cost when sending bitcoin.And lastly it will take time to confirm transaction.But it was just i believe/recommendation.

Long ago the bitcoin was just invented the people about the bitcoin were not able to know about the bitcoin because the people were not able to have the internet connection and now they are having this connection so the bitcoin is now very common all around the world and it is famous for all the people. So it is the time the bitcoin is very famous and almost everyone knows bitcoin so they are trying to make bitcoin even legal.

[Thanasis]

I think that most sellers are not ready to take bitcoin because they simply do not know how to pay taxes on profits from this crypto currency and are afraid of problems with the law.

Yeah,most of the sellers even don't know what is bitcoin.But soon the world will know about the bitcoin and all the people will start to familiar with bitcoin then the merchants will start to accept bitcoin as their payment.The respective government also need to take steps to make people familiar with digital currency.

[maku]

when the situation in the country has made it possible to give license the bitcoin. because the seller will of course sell a variety of products that are also official in the country. so payment must also be with an official payment. when a country has licensed bitcoin, retailers using bitcoin will become a reality.

I agree with it. In our country, many are afraid to take bitcoin as payment, since the authorities can recognize such a deal as illegal and then there will be problems.

There is general rule of law - Everything that isn't forbidden is allowed - and another old Roman law: laws do not have retroactive force.
So if bitcoin is not illegal in your country by now, then every already made and accepted transaction is valid, no need to worry.
I am rather more inclined to say that merchants are afraid of this new tech and think this might be a bit too much hassle to implement it because it probably won't make them much profit, that's all.

[The_Dark_Knight]

I think that it is unprofitable for many sellers to take bitcoin because the transaction fee is too high and many do not consider bitcoin for real money. It takes time for people to adopt digital technology.

This is the real issue, the transaction fee, at first those retailers adopted bitcoin because it was cheaper than credit cards, but now bitcoin is more expensive especially if we talk about transactions with a low amount of bitcoin, so what we need is to lower that fee and the developers have taken the first steps with the new improvements on bitcoin, but it is going to take some time before the fees get really low.

[lordquanta]

when the situation in the country has made it possible to give license the bitcoin. because the seller will of course sell a variety of products that are also official in the country. so payment must also be with an official payment. when a country has licensed bitcoin, retailers using bitcoin will become a reality.

That is one side of problem with adoption. Other is the amount of time taken to confirm transaction. From the higher perspective bitcoin is more suitable for transaction of money between two countries or entities separated by continents. In this kind of scenario where sending money via conventional method is time consuming and with more charges, so less cost-effective. In this scenario bitcoin works like charm If you are willing pay higher transaction fees that fees will still be less than what banks charges.
Things are very different when it comes to the retail transactions. Using bitcoin for these kind of scenario is not effective at all. At lease at this stage. I hope things will turn out positively in future as well.

[nesty]

"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.

Thats transition is good for Japan because many bitcoin holder can use their coins in different establishments / retailers to transact. But it would take years to other countries before it could happen because not all countries are open in crypto currencies though bitcoin is spreading worldwide but still lots of people are not aware yet of the existence of bitcoin.

[ammo121810]

"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.

Thats a nice development for Japan that would be an advantage to the most bitcoin holder living there in Japan because they can transact using bitcoin in the retailers. For other countries it would took so long before it will be implented.