Why do big corporations accept BTC?

[cherryfer]

Hi there,

first off - @admin, I´m not sure if this is the right forum category, so please shift if unadequate!

I wanted to know why big companies like Microsoft, Paypal, Overstock and now consulting firms (with PwC HKK) accept BTC as a payment method? Regarding the latter, it´s due to increasing cooperations with start-ups that operate with BTC as main payment, but regarding the others?
From my point of view, companies with sizes like the above mentioned (refering to cash flows and generated income) are normally risk averse and therefore it seems counter intuitive to me to accept BTC as a payment method due to its heavy volatility.
Moreover, not knowing how regulation might influence the outcome for BTC is another argument for not accepting it?!

This leaves me with only one (rather) simple solution, which is that they are convinced of BTC price rises (in the short-term at least), or even a bit more fare-fetched that they are convinced of BTC as "the new digital currency" or similar.
But that´s not plausible for me!

Does somebody know how much BTC Microsoft or the others generate with the exchange of fiat to BTC and vice-versa?

Can someone please help me out, it´s really grinding my gears  Huh Huh

Thanks a lot Smiley

There's so many reasons why big company joining this kind of business, number 1 like for example Microsoft; Microsoft is founder O.S which is Operating system right? almost all people the world using computer that's why Mr, Bill Gate was Number 1 Richest in the world because of that business. In that case why should i involve their business? that's because how can we mine of Bitcoin with out that O.S am I right? anyway even if there are some O.S or operating system spread out in a whole world but many of them are Microsoft.   

[mung_nasib]

I also think when companies start using bitcoin as a tool to pay staff salaries because all transactions using a blockchain system will provide a sense of security for everyone in anticipation of theft.But if in the future many companies are interested in doing such a way there would be the possibility of transaction costs can also increase.

[torch2121]

For me why they start accepting BTC as payment is because they also believe that in the future, it is a future payment for all transaction for selling and buying goods. Also safe not to carry cash on our pocket for safety reason for robbers.

[shaun98]

I do believe that big corporations accept BTC as a way of adapting with the times, and also to be more accepting of the crypto community. Therefore, they gain two things, advancement in technology, and also more customers, especially those who are only using BTC as a method of payment. Also, it is more secure, so there would be less loss of funds, especially when it comes to paying employees.

[athanz88]

Hi there,

first off - @admin, I´m not sure if this is the right forum category, so please shift if unadequate!

I wanted to know why big companies like Microsoft, Paypal, Overstock and now consulting firms (with PwC HKK) accept BTC as a payment method? Regarding the latter, it´s due to increasing cooperations with start-ups that operate with BTC as main payment, but regarding the others?
From my point of view, companies with sizes like the above mentioned (refering to cash flows and generated income) are normally risk averse and therefore it seems counter intuitive to me to accept BTC as a payment method due to its heavy volatility.
Moreover, not knowing how regulation might influence the outcome for BTC is another argument for not accepting it?!

This leaves me with only one (rather) simple solution, which is that they are convinced of BTC price rises (in the short-term at least), or even a bit more fare-fetched that they are convinced of BTC as "the new digital currency" or similar.
But that´s not plausible for me!

Does somebody know how much BTC Microsoft or the others generate with the exchange of fiat to BTC and vice-versa?

Can someone please help me out, it´s really grinding my gears  Huh Huh

Thanks a lot Smiley

No my friend, as far as I know, big companies don't store the bitcoin they receive from the transaction. The amount of bitcoin that they receive from a transaction will directly changed into a fiat currency by a bitcoin payment processor, and i only know some like BitPay because i once bought something on steam with bitcoin payment method.Maybe they think it is too risky to store the bitcoin they receive.
They do this because there is a lot of supply and demand of bitcoin right now and want to broaden their customer and their market.

[s0beit]

It's very simple big corporations made a good decision for accepting bitcoin because they find it reliable, convenient, a good way to raise fund and to gain more income. Just imagine if a normal person can gain a lot of income through bitcoin, what more if your a big corporation with a big amount of bitcoin holding for a long time.

[Cinemo]

Hi there,

first off - @admin, I´m not sure if this is the right forum category, so please shift if unadequate!

I wanted to know why big companies like Microsoft, Paypal, Overstock and now consulting firms (with PwC HKK) accept BTC as a payment method? Regarding the latter, it´s due to increasing cooperations with start-ups that operate with BTC as main payment, but regarding the others?
From my point of view, companies with sizes like the above mentioned (refering to cash flows and generated income) are normally risk averse and therefore it seems counter intuitive to me to accept BTC as a payment method due to its heavy volatility.
Moreover, not knowing how regulation might influence the outcome for BTC is another argument for not accepting it?!

This leaves me with only one (rather) simple solution, which is that they are convinced of BTC price rises (in the short-term at least), or even a bit more fare-fetched that they are convinced of BTC as "the new digital currency" or similar.
But that´s not plausible for me!

Does somebody know how much BTC Microsoft or the others generate with the exchange of fiat to BTC and vice-versa?

Can someone please help me out, it´s really grinding my gears  Huh Huh

Thanks a lot Smiley

Because they see the potential of bitcoin and bitcoin is most famous cryptocurrency now but i think someday other cryptocurrency will be accept by all big corporations.

[Perseusallen]

I made this point number 1 for a reason. Too often I hear a company ask “well what’s in it for us?” when discussing the idea of adding bitcoin. What companies fail to ask is the question “what’s in it for our customers?” If you take a step back and look at the big picture all bitcoin is doing is adding another choice for the customer payment. Today more than ever businesses in every industry are trying to stand apart by providing our customers with a customized experience unique to your business. One way to build on this design of customization is by allowing your customers to choose the way they pay for your goods/services. Accepting bitcoin probably won’t be the reason someone decides to do business with you over company X but… having bitcoin as an option will only add to the tally in the customer’s mind on how the overall experience is customized to fit his/her needs. and may just be the deciding factor on why they choose you over your competition.

[izanagi narukami]

It's very simple big corporations made a good decision for accepting bitcoin because they find it reliable, convenient, a good way to raise fund and to gain more income. Just imagine if a normal person can gain a lot of income through bitcoin, what more if your a big corporation with a big amount of bitcoin holding for a long time.

Actually my company also interest on bitcoin but the problem only with our government that still forbid bitcoin usage for global use.
I was hope that they will change their mind about bitcoin since bitcoin is revolutionary currency that ever made and it can be use for digital era like now

[Rinsend]

It's very simple big corporations made a good decision for accepting bitcoin because they find it reliable, convenient, a good way to raise fund and to gain more income. Just imagine if a normal person can gain a lot of income through bitcoin, what more if your a big corporation with a big amount of bitcoin holding for a long time.

if corporations has something different and is likely to get a good response from the investoe.
very appropriate for accept bitcoin,
because they can make their company a big profit from incoming investors.
and hold tokens so that prices can jump and be able to give good benefits for corporations and investors

[LogitechMouse]

Some companies like the ones you said in your post are accepting Bitcoin as a payment because they want to cope up with the new technology the world has now. Bitcoin has been used in many countries as another way of payment so they want to use it too. I think they are accepting bitcoin because they believe that its price will increase in the future.

[Kiweikoo]

The fact is, there are more and more companies turning off their BTC payment options at the moment. We are having a retracement in acceptance at the moment, due to the high transaction fees. This needs to be a resolved and I am sure it will be. The uptrend will continue then.

Yes this problem is being highlighted from the customer side about bitcoins that the exchanges are charging so much big fees for transactions. I think if this case is not solved in near future, bitcoins will be losing much go the users. Because everyone wants to earn money and when they earn this hard bitcoins, they are getting in much trouble to change it to local currency.

[darewaller]

It's very simple big corporations made a good decision for accepting bitcoin because they find it reliable, convenient, a good way to raise fund and to gain more income. Just imagine if a normal person can gain a lot of income through bitcoin, what more if your a big corporation with a big amount of bitcoin holding for a long time.

Actually my company also interest on bitcoin but the problem only with our government that still forbid bitcoin usage for global use.
I was hope that they will change their mind about bitcoin since bitcoin is revolutionary currency that ever made and it can be use for digital era like now

Do you guys even know what you’re saying? Who said that the companies mentioned above accepts Bitcoin? Yes, I know that Overstock accepts Bitcojn, but the others, Microsoft and PayPal does not accept BTC. I don’t even see overstock as a big company that supposed to be on the list, cause it’s not up to the standard of Amazon.

[emezh10]

Hi there,

first off - @admin, I´m not sure if this is the right forum category, so please shift if unadequate!

I wanted to know why big companies like Microsoft, Paypal, Overstock and now consulting firms (with PwC HKK) accept BTC as a payment method? Regarding the latter, it´s due to increasing cooperations with start-ups that operate with BTC as main payment, but regarding the others?
From my point of view, companies with sizes like the above mentioned (refering to cash flows and generated income) are normally risk averse and therefore it seems counter intuitive to me to accept BTC as a payment method due to its heavy volatility.
Moreover, not knowing how regulation might influence the outcome for BTC is another argument for not accepting it?!

This leaves me with only one (rather) simple solution, which is that they are convinced of BTC price rises (in the short-term at least), or even a bit more fare-fetched that they are convinced of BTC as "the new digital currency" or similar.
But that´s not plausible for me!

Does somebody know how much BTC Microsoft or the others generate with the exchange of fiat to BTC and vice-versa?

Can someone please help me out, it´s really grinding my gears  Huh Huh

Thanks a lot Smiley

Well, logically, big corporations accept Bitcoin to cope with the changes of our environment, they take this opportunity for their own good. Obviously, if they accept Bitcoins, they're product will be more accessible to many people, thus more power! Since they're product is widely known, there is a big possiblity that many people we're buy  it. Consequently, they can gain a bigger profit.

If big corporations globally accept bitcoin as payment, It means that bitcoin will become globally accepted in due time, expect to a wider coverage and a brighter future for bitcoin holder. This big corporations are big players in the worldwide industry, and surely aware of the introduction of digital money in the market.

[creeps]

Some companies like the ones you said in your post are accepting Bitcoin as a payment because they want to cope up with the new technology the world has now. Bitcoin has been used in many countries as another way of payment so they want to use it too. I think they are accepting bitcoin because they believe that its price will increase in the future.

Big companies accepting bitcoin and we should be happy because bitcoin are slowly gaining its momentum and this means that the price of it will continue to climb. Big companies are now adopting great technology just to survive in a growing competition and I think many companies will follow in order for them to remain on top.

[kkukkugaga]

I guess since it's really applicable anytime, more business corporations are attracted to accept and use it. The fact that btc is safe and secured, decentralized and make easy transactions, then it is really acceptable in the whole country.

[mezzaluna]

Of course, any company would be taking their chances to use bitcoin. Aside from it is very popular today, BTC is very volatile, the dump over pump ratio is small, meaning the profit is always greater than loss.

[el kaka22]

Some companies like the ones you said in your post are accepting Bitcoin as a payment because they want to cope up with the new technology the world has now. Bitcoin has been used in many countries as another way of payment so they want to use it too. I think they are accepting bitcoin because they believe that its price will increase in the future.

Big companies accepting bitcoin and we should be happy because bitcoin are slowly gaining its momentum and this means that the price of it will continue to climb. Big companies are now adopting great technology just to survive in a growing competition and I think many companies will follow in order for them to remain on top.

Yes, it will be adopt or die kind of situation for most of the corporates. Because technology always evaluating to new level and only those who are all ready to adopt new technology alone will be surviving. This is a general rule of every economy and this time bitcoin is bringing those evaluation and all businesses must need to adopt bitcoins otherwise they cannot survive in this highly competitive economic world.

I believe in near future almost all small and big companies will adopt bitcoin as people will prefer to pay only with bitcoin as they will be forgetting using their fiats.

[joebrook]

I do believe from the beginning many companies will have the mind of using bitcoin and other coins as a mode of payment for goods and services but now because of the high transactions fees and volatility there have to change there plan. Bitcoin Will used by all works of life because of the fastness of transactions and it decentralized nature but mining fees too high.

Iam sure that no one is going to be willing to pay with Bitcoins when paying at the retailers that OP mentioned in the first place because of the fees which trumps even those of credit and debit cards and because of the fees most of them have stopped accepting them as well.

[Zicadis]

Big corporations accepting bitcoin payments is simply taking advantage of the wide coverage bitcoin reaches out to, which also means more sales of their goods and services as this opens up a new market for them( directly or indirectly).