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Author Topic: Supermarket Accept Bitcoin  (Read 12837 times)
GregH37
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October 22, 2017, 08:15:50 PM
 #101

No there is no such supermarket near me or in my country and i didn't hear about any kind of supermarket around the world that accpte Bitcoin as payment method .
At present, there is no such supermarket not only in your country but anywhere in the world which has started accepting bitcoin for the sake of things which you buy for yourself.

There are so many online shopping stores like that of Ebay where you can do shopping very much comfortably by spending your bitcoins. We need to wait for some more time so that we can experience such kind of things.
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October 23, 2017, 01:28:11 AM
 #102

No there is no such supermarket near me or in my country and i didn't hear about any kind of supermarket around the world that accpte Bitcoin as payment method .
At present, there is no such supermarket not only in your country but anywhere in the world which has started accepting bitcoin for the sake of things which you buy for yourself.

There are so many online shopping stores like that of Ebay where you can do shopping very much comfortably by spending your bitcoins. We need to wait for some more time so that we can experience such kind of things.
That's good sites for you, but in our country I don't know if this is available because more of the people in our country are looking shop that used bitcoin as exchange, hopefully that someday even supermarket or any services in different parts of the world were accept bitcoin. Because I was looking forward that that this coming weeks, months or years bitcoin will become the primary currency in the whole world not only in digital community.
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October 23, 2017, 09:10:30 AM
 #103

As of now my region is yet to even be aware of what's bitcoin. But the govt is almost on it.  We have talks on crypto currency on medias. I am sure it would get spread soon and govt should accept bitcoin in my region. Then not only in Super Market,  in all transactions bitcoin will be used.  Waiting for such moments.
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October 23, 2017, 09:23:12 AM
 #104

I think it's more possible that malls will implement blockchain first than allow bitcoin transactions.
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October 23, 2017, 12:10:25 PM
 #105

Is there any Supermarket or Moles Accept Bitcoin near you ?

So far now in my country? No, we don't have yet supermarket that accepting bitcoin as payment. Maybe in the other country's there is, but I don't know and I had no idea where it is located.
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October 23, 2017, 12:39:47 PM
 #106

I think it's more possible that malls will implement blockchain first than allow bitcoin transactions.

How does that even make remotely sense? Stores don't actually have to be involved in Bitcoin to allow people to pay with Bitcoin. Look into what services such as BitPay do -> they take everything related to their Bitcoin generated sales for their responsibility. Stores will not get bothered by this market's volatility, eventual network difficulties, etc. Ultimately, they just receive the converted fiat amounts into their bank accounts, and that's really it. We just have to accept that merchants aren't (yet) willing to directly accept Bitcoin, it's too much of a risk for them - risks that they can't afford to take. Merchants need to have a constant flow of liquidity available, and without a third party service, things will get very difficult.
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October 23, 2017, 05:04:54 PM
 #107

But who knows, they are business they are into higher fees so even if you are a loyal customer to them and suggesting a good payment processor.  Do you think they will care for saving their customers for fees?
It's not about the customers to save on fees, I am talking about merchants having to pay the fees of up to 3% per transaction. Imagine how that is if you as super market have a turnover of $100 million annually, where that number is far higher for the larger super markets. It means that you just 'burn' 3% of your sales, while with Bitcoin, this could be done with just 1%, which saves them a minimum of $2 million each year as per this example. If you want to give people more incentive to make use of Bitcoin, you could even offer them a discount of like 0.5% of their entire purschasing amount. It would then lift the total fee per transaction to 1.5%, but is still far lower than when people end up using their credit cards.

The merchants doesn't have to pay for the fees, they are the one that supplies goods to the supermarkets so I don't know on where you are getting those numbers. Merchants will just simply display their goods on the supermarkets and the management itself will do the thing for them so they'll just receive payments from the customers. It's just actually receiving for them while supplying their goods to their desire respective or supermarkets.
Yes suppliers do not need to pay, it is not an obligation for them. the division of payments such as taxes and other fees is actually the duty of the supermarket and also the buyer. we often see that there are supermarkets that apply a 10% tax on their customers. Bitcoin will not change the system, the system will remain the same and the difference is the way consumer payments to supermarkets. do not ever make this difficult, we speak simple things and suppose bitcoin is the easiest way and the fact that it is true.

The supermarket is the one that will settle all the fees and those merchants that are just trying to earn from supplying their goods doesn't have to do anything but to supply. That's why most of the burden,taxes and increased value of products are shouldered by the customers. The good thing here when bitcoin will be the method of payment for everyone, they are showing good adoption to it and while they are receiving bitcoin as payment, it serves also as their investment.

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October 23, 2017, 05:13:53 PM
 #108

Little by little market acceptance of bitcoin keeps on increasing and a part of the same is the news that describing about the Super market accepting bitcoin. Several retailers have already started accepting bitcoin and now a large scale business accepting bitcoin is simply a big thing.
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October 23, 2017, 05:34:58 PM
 #109

Nah. I live in a country where bitcoin is not supported and I have to suffered many discrimination against bitcoin. People in this country do not have a good knowledge and many of them are frauded by people who abused the bitcoin system. And right now, the government tries to shut down bitcoin and collect tax from the people. well, it seems that bitcoin does not have place to grow in my country

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October 24, 2017, 05:39:26 PM
 #110

I think it's more possible that malls will implement blockchain first than allow bitcoin transactions.

How does that even make remotely sense? Stores don't actually have to be involved in Bitcoin to allow people to pay with Bitcoin. Look into what services such as BitPay do -> they take everything related to their Bitcoin generated sales for their responsibility. Stores will not get bothered by this market's volatility, eventual network difficulties, etc. Ultimately, they just receive the converted fiat amounts into their bank accounts, and that's really it. We just have to accept that merchants aren't (yet) willing to directly accept Bitcoin, it's too much of a risk for them - risks that they can't afford to take. Merchants need to have a constant flow of liquidity available, and without a third party service, things will get very difficult.
Well it is all about the bitcoin and the value of the bitcoin in the different places the value of the bitcoin is different, in my country the value and the information of the bitcoin is better than a lot of the other country. It is very important to make the bitcoin famous and the price will get high by itself, the future of the other countries is increasing and the income will be high indeed.
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October 25, 2017, 02:21:51 AM
 #111

I think this is a good news if supermarket accepts bitcoins like credit cards in wall-mart, S.M, etc. Here in the Philippines, I dunno if some major supermarket accepts bitcoin as payment, If they accept bitcoins as payment in  the future, Bitcoin users will have the ease to buy in the malls, supermarket without exchanging there btc to fiat.

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October 25, 2017, 03:13:14 AM
 #112

In PH I think they accept Bitcoin as payment in Supermarket.
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October 25, 2017, 05:06:13 AM
 #113

Wherever I live, no supermarket accepts bitcoin. Bitcoin is also not a popular payment method nationwide. Rarely has a shop or cafe that accepts payment by bitcoin.
STEVEN 777 (OP)
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October 25, 2017, 10:44:59 AM
 #114

The local supermarket in my city accepts Bitcoin.
It's not the cheapest near my house but sometimes I come there to do small purchases.
It's amazing to see more shops accepting Bitcoins, looks like it's going somewhere!


good news hope also my city Markets support  Bitcoin
STEVEN 777 (OP)
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October 25, 2017, 10:52:33 AM
 #115

Let put ourselves on the shoe of the owner. In my cognitive evaluation on veracity of bitcoin popularity and numbers there is a big market if I do accept bitcoin as payment and option for a better marketing strategy but the government is not declaring it legal and how would do I compute the taxation.
I do not see how all the things you have mentioned should be a problem. Legality is only going to be a problem if it has been declared illegal in your country and as long as your government hasn't that is just a piece of cake. Taxation also depends on you and how you want to go about it.

I understand that some government has introduced taxes and that will affect you when converting to fiats, but if that is not the case, then you can deem it fit to pay tax if you like. Afterall, taxes are charged on the product profit anyways.

If a big supermarket network start accepting Bitcoin on a country where it's not regulated, the government will start having interest about Bitcoins and will want to know more about it, so it can be a reason to regulate Bitcoin: Because some big businesses are using it and probably not paying taxes they should when using fiat.

It makes me think, what is better: To continue with low adoption, but unregulated, without calling much attention or to have high adoption, but with the government intervention...

The government already charges taxes over each product, it's true, but they want even more.

you say some good points hope government edit taxes system




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October 25, 2017, 11:03:59 AM
 #116

In PH I think they accept Bitcoin as payment in Supermarket.
can you tell me which place in PH that we already allow btc  as a mode of payment I'm very excited to try it out and how convenience and easy it is,
as i don't have any idea yet if there's already such place that we can use bitcoin directly paying our grocery bills, aside from paying bills and buying
some loads and stuff online using coins.ph i'm not aware of other things.
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October 25, 2017, 02:11:22 PM
 #117

Let put ourselves on the shoe of the owner. In my cognitive evaluation on veracity of bitcoin popularity and numbers there is a big market if I do accept bitcoin as payment and option for a better marketing strategy but the government is not declaring it legal and how would do I compute the taxation.
Well, if it’s POS, I believe you can pay with Bitcoin. Just use your Bitcoin wallet debit card and the payment will be made straight from it. Anyone that wants to spend with Bitcoin should go for the Bitcoin debit card, that’s it.
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October 25, 2017, 02:43:23 PM
 #118

Is there any Supermarket or Malls Accept Bitcoin near you ?

Its not really possible for every country to have a function that supermarket will allow bitcoins to use them as their source of payment but i highly agree in this kind of transaction because it will be the advantage for the consumers to buy goods that has no tax and it will be cheaper.

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October 25, 2017, 05:15:55 PM
 #119

Is there any Supermarket or Malls Accept Bitcoin near you ?

Its not really possible for every country to have a function that supermarket will allow bitcoins to use them as their source of payment but i highly agree in this kind of transaction because it will be the advantage for the consumers to buy goods that has no tax and it will be cheaper.

If block size increases in the large number that is possible to get the confirmation for the each transaction will be confirmed in few minutes. In segwit activation we will find the increase of block size.
This will be good for the expecting confirmation to be increased. If that happens wall mart, al-futtaim or world wide super market will accepts the bitcoin payment.
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October 25, 2017, 06:21:05 PM
 #120

So far I know, there is no supermarket that accepts Bitcoin around me, I have experienced a lot of online platforms that have accepted Bitcoin as a payment tool. but the time has been changed, day by day Bitcoin is getting accepted in many renowned online platforms.
people also becoming familiar with Bitcoin day by day. Since there are some backwards of Bitcoin so that still Bitcoin is not available the across the world. I believe that when Bitcoin will be decentralized then supermarket and other online platforms will accept Bitcoin.
Umm…I think you are not having the good information about the bitcoin, if you were having get good information in this regard you must buy the bitcoin and then save it for the long time, I am having the good future with the bitcoin and I am able to buy the bitcoin for the long time, I am having the income of the bitcoin and the bitcoin will be the world wide currency in very short interval of time.
Oh it is the bad luck for the people in your country because the value of the bitcoin is very high for a lot of the people are the income of the bitcoin is very high if it is being use as the payment service in a lot of the countries, in my country bitcoin is getting famous and now a lot of people are buying the things using the bitcoin, the value and the importance of the bitcoin will be high as the time passing.
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