When will more retailers accept Bitcoin

[snowwyjonny]

Bitcoins is not yet known by many retailers. I guess the moment that they learn about bitcoin, the method, process, transaction and investing they will eventually accept bitcoins. Also to add they can gain much more profit from it if they do.

[magz]

Japan has a full support on cryptocurrencies specially with Bitcoin. But there are other countries that do not support Bitcoin, some bans it from using. My answer to your question is we cannot say when. With the performance of Bitcoin and other alts coins last 2017, I think more merchants or companies are now thinking about entering crypto world or by just simply considering the acceptance of crypto as payment.

[Portia12]

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.

I want to spend all my bitcoin to some malls and use it as a payment to my school tution to lessen the hussle in inrollment.

[cryptojac17]

Japan has a full support on cryptocurrencies specially with Bitcoin. But there are other countries that do not support Bitcoin, some bans it from using. My answer to your question is we cannot say when. With the performance of Bitcoin and other alts coins last 2017, I think more merchants or companies are now thinking about entering crypto world or by just simply considering the acceptance of crypto as payment.

If I were the owner of some establishment it is a great advantages to accept Bitcoin payments because the price of this currency is pounding and sky rocketing
There is a tendency that in a period of time I can double my profit .I think stablishment in Japan seen this as an oppotunities that is why they are accepting bitcoin.

[buytheeffinD]

I would say when the fees get to a nominal amount then I think retailers will begin to accept it. Steam recently stopped accepting BTC siting big fees and slow transfer times as the reason why.

[jaysabi]

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.

Hmm. I think this is of normal occurence. Even paper fiat becomes volatile when it comes to price. It has undergone series of inflation and dlation as time passes by. For bitcoin to be accepted in the retail world, the retailers themselves must be open for it. They must experience how bitcoin works and earns so that they will not be hesitant to use bitcoin as medium for trading.

Not so much. Fiat is remarkably stable as a general rule compared to crypto. The value changes over very long periods of time and generally goes in one direction, that is it's generally inflationary, not deflationary. Crypto goes in both directions, by many orders of magnitudes more than fiat. The volatility makes it useless as a medium of exchange or store of value. It is correct that for Bitcoin to be more useful, it must be accepted by retailers. But in order to be accepted by retailers, it needs to be more stable.

[alisafidel58]

I would say when the fees get to a nominal amount then I think retailers will begin to accept it. Steam recently stopped accepting BTC siting big fees and slow transfer times as the reason why.

Steam is a big company that and a lot of gamers spend money on the games and in game accessories everyday, the timing was just bad fluctuation, network congestion and miners fee was out of proportion, these things are the reasons why a well establish company are not investing or putting bitcoin as a source of payment over their payment system.

[Protected101]

I think when it comes that all country legalized bitcoin that can be accepted in all retailers.Businessmen study very well bitcoin for a successful result of accepting bitcoin in retailers.And when it becomes more stable and be a strongest cryptocurrency and if bitcoin will be implement as a payment system.

[expert4knowledge]

When the Bitcoin will stop being unstable and be at a fixed price, for now, we are far from that, there is no reason to accept it

[Coinky]

Just like Japan of all other countries  start to legitimize crypto currencies then we can see more merchants accepting bitcoin as a payment method. Also the the confirmation times and transaction fee should come down,for bitcoin to become more popular with retailers

[Omega Weapon]

"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.

Soon I bet. I have read somewhere in the forum that Amazon is already considering bitcoin as payment for the products and services that they offer. In addition, more and more online shops and payment centers already accept the online payment by convertion from bitcoin. Therefore, it is quite sure that they'll accept it soon.

This is just a rumor, no official word has come from Amazon, while I would like that to happen that is not going to be the case until the fees get lower, if steam dropped its support for bitcoin due to the high fees, I do not see why Amazon will suddenly decide to accept bitcoin when the fees are at one of the worst point in the history of bitcoin.

[mickeybuddy27]

I guess retailers will accept bitcoin when they see others start to accept it. People just cope up to what they see on their surroundings so i think a big retailer needs to accept it and see it's advantages by then others will follow.

I think that it is not good to use bitcoin because it is volatile. It will be a waste if you use it without converting into local currency. It is good if it has stable price like dollars where you don't be afraid to have shortage when using it. Maybe it will be use by online buyer to pay bills in safe and fast manner.

[EdenHazard]

Yes, very soon, Bitcoin will start a tough retalers business. In our country, there is a little more beard than the administrative side against Bitcoin because of which everyone is trying to stay a bit safer. Moreover, Bitcoin prices are a little lower. When Bitcoin prices are little the same, retailer business will start buying Bitcoin. They are now afraid that buying Bitcoin again does not hurt. They do not want to take risks.

Or maybe they just don't realize the worth of bitcoin that is why maybe they don not accept bitcoins. But if they just only knew that if they start receiving bitcoin today, they will be more earnings for tomorrow. 

it is not just about the value actually , but about there who hold bitcoin and use it in daily basis getting much . without people who use bitcoin actively to make a transaction , i believe retailers won't feel happy and decide to not look for bitcoin .

only time can shows us how useful bitcoin and then retailers getting interested to adopt it.

[jaysabi]

Just like Japan of all other countries  start to legitimize crypto currencies then we can see more merchants accepting bitcoin as a payment method. Also the the confirmation times and transaction fee should come down,for bitcoin to become more popular with retailers

Don't expect either confirmation times or transaction fees to fall without significant changes to the Bitcoin ecosystem (either block size increases, reduction in the block times, or some alternative to on-chain transactions, like the Lightning Network). The confirmation time and transaction fees are related, and they're both currently prohibitive and there's no shortage of viable crypto alternatives. Without changes, people will eventually tire of the poor usability of the Bitcoin network and select cheaper and more nimble competitors.

[reymartH]

Getting merchants to accept Bitcoin has proven to be difficult. Even though it has become easier to do so, merchants simply aren’t interested. I think they will changed their mind if the government  announces that they are supporting bitcoin as a mode of payment.

[batang_bitcoin]

I guess retailers will accept bitcoin when they see others start to accept it. People just cope up to what they see on their surroundings so i think a big retailer needs to accept it and see it's advantages by then others will follow.

They will accept it soon, merchants started it out but the fees are too crazy as of the moment. And there are businesses that are fully focused with bitcoin started to collapse because most of their customers can't afford to pay the miners fee. If this will be continuous many businesses and retailers will start to push themselves away from bitcoin because they can't cater to operate because of the problem.

[sheryl26]

"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 this year the bitcoins will be much more accepted in the market because they are getting famous and known all around the world. Especially in jaoan there are retailers that are highly accepting bitcoins as a mode of payment and we all know that japan is leading when it becomes in technology and i know that people will start to trust more the bitcoins because of that thing. I know that some stored in america are accepting bitcoins as a payment and now that bitcoins are rising i think they will now use it before itnis too late.

[Red Fire]

"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.

Not all the countries all over the world are knew about bitcoin. There is still some country that do not even know what bitcoin is so it will be harf for them to accept bitcoin as a mode of payment especially small retail stores.

[aing maung]

I think not only bitcoin, cause of the fee transaction. So, we can use altcoin to trade on retailer if its possible

[akiraminai]

I think every bitcoin holders dream that there will be shops that accept bitcoin in every country. In our situation today, it is like holding your money with too many restrictions because you can't do what ever you want with it because of there are only few agencies that accept bitcoin