Why do big corporations accept BTC?

[dhrazzen]

Big companies accept bitcoin because they recognize bitcoin as a good cryptocurrency. Aside from that they give importance unto it because of its high value in the market. Bitcoin is a better way to transact money and the more you hold bitcoin the bigger nor higher profit you can gain.

[gambitcoin53]

first of all, you have mentioned that they are averse to risk in terms of investments, true, and that is actually the idea, they know the ins and outs of bitcoin, who knows, they are also big players and ventured to bitcoin as we speak, they will not accept bitcoin as payments in their merchants if they know it is a fake or scam, we should learn from them, and other big companies too. in the near future, bitcoin and fiat will co-exist and the effect of that is bigger competition less charges. beneficially to the people especially the poor.

[tuliobrothers]

I just think that today bitcoin is very popular and that is why many companies are receiving bitcoin.

You are correct.  Bitcoin is truly popular,  the main reason why the accept bitcoin as payment.

[MidKnight]

I don't agree that these corporations will accept btc in the near future but to make their own altcoin/token and their blockchain. Just look at what Kodak did and I know Facebook will do it too.

[Rana590]

Bitcoin is not less important crypto currency in the crypto world. It is most valuable crypto and much strongest. It has a lot of demand and day by day it is increasing. Many companies are accepting it because it is secure and transaction method it so easy. It has great popularity also.

[readygoaw]

i think because they recognize the value of bitcoin is a good currency thats why big corporations accept bitcoin

Large corporations are interested in working with Bitcoin. Because it brings them new customers and new opportunities. And accordingly more money.

[ivanst776]

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

Those big companies are just jumping on the community and they want the hype to get into business as people are into btc now. look those companies are believing bitcoin to have its value greater than yesterday and have a future of getting bigger and bigger and as a businessman, you are earning some profit because of your item that has been sold and then your profit will not stop there as having bitcoin as a payment will give you an instant investment where all of that company are relying on bitcoin price pump in the market soon.

[andrey111]

Large companies have very smart analysts who analyze the behavior of the market. And now the crypto currency dominates over fiat money. More and more companies are officially starting to work with crypto currency.

[redsap]

because they see big oppurtunity with this future currency and you know they can charge fee a bit expansive too from transaction like a news i hear from kfc using bitcoin as payment method and charge a tax fee for one bucket chicken 5$ i just think they using an oppurtunity bit clever to make win win deal

[yuukireit]

i think their anlyst crypto currency is a strong opponent and if they don't affilated with it they can getting lose with oppurtunity in the next era

[Hell-raiser]

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?

First of all, I don't think that many big companies including those you named actually accept bitcoins. As others have correctly pointed it out, they are using payment processors, so they in fact accept only fiat. Second, those which do accept Bitcoin directly don't seem to be very happy with these payments. Microsoft had been flirting with Bitcoin payments in the past, but now they seem to have removed this option. Steam no longer supports Bitcoin allegedly due to its high fees and volatility.

And here we come to the crux of the matter since your real question should be how many people are actually willing to pay with bitcoins for goods and services?

[mylyn2327]

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

Big companies accept bitcoin because they know how well it will goes in the future. One thing that push big companies to take the risks are the demand of users and it's incressing population. They know bitcoin users, are mostly their clients also that is why they accept it. Big companies knows how to do business to business transaction, and they would not risks for nothing. They accept it because they know they will surely gain profit.

[Klestar]

Bitcoin performed so well on the past years and that big companies have seen its potential to grow and sees it coming in the market so they are accepting it but i think there are two ways on how they deal with it. One is they are hiring crypto experts and IT specialists for this to monitor hourly or they are accepting it but does not receive the bitcoin at all maybe they are using payments processor for it.

[beaglehound1261]

I think the big coporation that accept Bitcoin is amazon now only. Not much of them want to related to Bitcoin as a payment.

[biskitop]

i think because they recognize the value of bitcoin is a good currency thats why big corporations accept bitcoin

Yes, maybe it's a good value for now. But keep in mind also, the value of bitcoin is fluctuating, could have dropped suddenly, but the possibility of rising again to the moon also can.

[richardsNY]

I think the big coporation that accept Bitcoin is amazon now only. Not much of them want to related to Bitcoin as a payment.

Not sure where you have read that, but it's wrong. Last year there have been rumors that Amazon was considering accepting Bitcoin as payment option, but that was stated just in articles, and has never really been confirmed by Amazon itself. Even before these rumors, which was also last year, there has been a fake article out that Amazon was going to accept Bitcoin, where the entire community went nuts on that news, but it turned out to be a hoax in the end. The only way to buy from Amazon with Bitcoin right now, is to make use of a middleman service such as Purse.io (and I'm sure there must be more), where people get a certain discount on every purchase with Bitcoin.

[balintong15]

They accepted it because I think they invested on it. It is a good investment for those company who invested and accepted Btc.

[Pasaway2701]

i think because they recognize the value of bitcoin is a good currency thats why big corporations accept bitcoin

Bitcoin is safe to transact because it has its own security. Bitcoin is used by big corporations because it is more fast to transfer money everywhere in the world. They accept it because bitcoin is more profitable in the future just like gold that when you invest for more of it, you have chance to get more. Even it is volatile, bitcoin price increase for a long run.

[kokuryu_no_kami]

I think the coporation have to follow the trend updating the payment to gain more customers.

[katinko]

I think corporation take advantage about volatility of bitcoin, we know that corporation having huge amount of money that can be used as their capital for investing in crypto currency. Bitcoin is safe investment, Bitcoin can be used as a business specially here in my country even it was not declared as legal tender many people are accepting bitcoin, using and earning with bitcoin.