Why do big corporations accept BTC?

[Dragon5]

BTC or not, but we're heading for more and more digital world. If you want to keep up with the pace - accept and prove new ideas. As digital world is developing, digital currencies are becoming necessary. Global companies realise that

[1714612800]

1714612800

[1714612800]

1714612800

[1714612800]

1714612800

[ezbreezy08]

One reason- bitcoin is an online digital payments and they believe on blockchain technology. We can send peer to peer trasanctions without any 3rd party that's why big corporations are into Cryptocurrencies. I wonder what will happen in the next few years.

[gandhe83]

One reason- bitcoin is an online digital payments and they believe on blockchain technology. We can send peer to peer trasanctions without any 3rd party that's why big corporations are into Cryptocurrencies. I wonder what will happen in the next few years.

Big corporations are adopting bitcoin in their payments because they recognize that the community using bitcoin is really a potential customer base that captures those customers in the very cryptocurrency market. great. When accepting bitcoin payments, these corporations in addition to receiving a profit from their products, are also investing in bitcoin, which is a double benefit.

[justspare]

Big firms or companies such microsoft, paypal etc. maintains quality and do inovations, they accept bitcoin as their mode of payment for which Bitcoin is fast and effecient tansaction and potentially comply with their quality standards.

Being fast transition method of payment and more innovative, I think these two are the most important factors of bitcoins that they like most and they have adopted bitcoins in their daily transactions. These firms always find some better amazement for their clients and users so they find bitcoins one the most impressive thing in currency world. So they adopted them without any odd reason.

[cherrymobile]

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 company  accept this bitccoin because of it good feedback from different people . And bitcoin can give a higher value faster than the other banks. It also has a fast transaction method and most advance .

[Toden1379]

They don't actually get BTC in exchange for their services/products. They use third party bitcoin payment services who automatically exchanges the BTC payment into currency. Companies are too wise to just accept payments that might change in a moments notice.

[rememberme15]

It could be because of a considerably significant number of their costumers being accustomed to bitcoin payment.. No better business-making than making your product affordable to many regardless of their paying medium

[Fatmoo]

The big corporation accepts Bitcoin because it can help lower transaction fees. Unlike traditional method of transaction like credit cards, banks and Paypals, Bitcoin is faster and easy way to use. Since Bitcoin is one of the most well-known virtual currencies, many corporations patronize it.

[SacriFries11]

BTC or not, but we're heading for more and more digital world. If you want to keep up with the pace - accept and prove new ideas. As digital world is developing, digital currencies are becoming necessary. Global companies realise that

I think they already see the great potential of bitcoin if they’re going to start accepting bitcoin. They also use bitcoin as other way to transact their money with the safer and faster ways and because it’s decentralized they used this advantage to transact their finances without the use of third party institution. Bitcoin has many benefits, like security, low transaction fees, it easy to store with your digital wallet and speed of every transaction compares to traditional transaction that why companies continue to accept bitcoin.

In upcoming years many companies will continue to accept not only bitcoin but also other cryptocurrencies.

[Sled]

The big corporations means that they have a wide coverage for the customers and because of that they are accepting bitcoin because they know that there are some of their customers that uses bitcoin and they wanted to make them feel comfortable with it by accepting bitcoin and also that is a way for them to attract more customers because if you are a bitcoin user and you find something that accepts bitcoin then it is an obvious go for it.

[Edraket31]

The big corporations means that they have a wide coverage for the customers and because of that they are accepting bitcoin because they know that there are some of their customers that uses bitcoin and they wanted to make them feel comfortable with it by accepting bitcoin and also that is a way for them to attract more customers because if you are a bitcoin user and you find something that accepts bitcoin then it is an obvious go for it.

Just simply as because bitcoin is really worth it aside from other cyprtocurrency where in it is already proven of its stability and the ability to change the value from time to time, although a lot of people are still making a negative issue about it still it is standing and lifting the name of cryptocurrency.

[camito]

Big corporations accept bitcoins because they are coping up with changes that is happening to our environment especially in our technology.Also because bitcoin is getting more attention and popularity, more and more people are investing in it that's why these big companies/corporations grab this opportunity to promote and increase their sale by accepting bitcoins as a payment to their products. They believe that there are more chances that people will buy their products because of bitcoins hassle free transactions. They can also see bitcoin's growing potential to change everyone's perspective about digital currencies and how it will grow in more coming years as an asset and as a currency as well.

[trickyriky]

Big corporations take Bitcoin because they see the greatest potential that this cryptocurrency has. They invest money doing it.

[ged00u]

Because they want to implement the blockchain technology in their system. First thing they need to do is to accept bitcoin in order to learn more about it so that they can find the strength as well as the weakness in the system. Then, they will make their own blockchain to make everything more efficient and effective

[FLoving]

Big firms or companies such microsoft, paypal etc. maintains quality and do inovations, they accept bitcoin as their mode of payment for which Bitcoin is fast and effecient tansaction and potentially comply with their quality standards.

Being fast transition method of payment and more innovative, I think these two are the most important factors of bitcoins that they like most and they have adopted bitcoins in their daily transactions. These firms always find some better amazement for their clients and users so they find bitcoins one the most impressive thing in currency world. So they adopted them without any odd reason.

The other point is that there is much higher benefit for those who are using bitcoin as their mean of payment and who work for bitcoin. They know that the digital world overall is going to adopt bitcoin for their payment and other transactions and if they will not adopt this mean then they will remain far behind than the advanced community and they will not be able to run their businesses. So for the continuity of their business they will follow the will of the community.

[el kaka22]

The big corporation accepts Bitcoin because it can help lower transaction fees. Unlike traditional method of transaction like credit cards, banks and Paypals, Bitcoin is faster and easy way to use. Since Bitcoin is one of the most well-known virtual currencies, many corporations patronize it.

Quite funny. Who said they are using it to avoid transaction costs? Even for the customers and the companies, it’s all the same transaction fees. I even think that they should reduce the transaction fees cause it’s quite. My friend wasn’t able to withdraw his money in Bitcoin yesterday, just because of the transaction fees, so he left it there. The transaction fees is much, and I know that others complain of it.

But in near future trends will be different as everyone is still learning about cryptos and its advantages. So, there will be no wonder if the whole world may come forward to accept bitcoins as a momentary system.

[Forbiddenone]

Reason is simple, competition.as crypto is growing at rapid rate big mnc want to improve their sales so thus they take btc as a payment system through which they can earn a good revenue through its product.also they are using blockchain technology so it is obvious in a way that they would prefer use of cryptocurrency .

[Vatimins]

     Well obviously, there are payment processors that are currently present as of now to do all the hard work of estimating the payments for these big companies. Which is why this really isn't something that can be labelled as an issue or a problem in using bitcoins. Now, obviously, their decision into accepting bitcoins(assuming this is true and already happening) is truly contradicting the usual way of how a big company should react or decide in matters like this since bitcoins truly are controversial and a lot of people really do see it as something illegal or a scam. Specially the ones working for the government and the banks. Which is probably why you think instinctively that this is a wrong move for these big companies putting their names a stake. But you have to keep in mind that in life, there will always be times when you will really need to take risks to improve yourself, because if you don't you will be stagnated and be left behind by the ever progressing world. This is why they have taken this great gamble. The people behind these companies are undoubtedly brilliant people and are obviously very good at what they do. So I pretty much think that they do know what they are doing. Let's just be happy that bitcoins along with all the other crypto currencies out there are already starting to get more famous everyday.

[kevpantof]

Big corporations accept bitcoins because they are coping up with changes that is happening to our environment especially in our technology.Also because bitcoin is getting more attention and popularity, more and more people are investing in it that's why these big companies/corporations grab this opportunity to promote and increase their sale by accepting bitcoins as a payment to their products. They believe that there are more chances that people will buy their products because of bitcoins hassle free transactions. They can also see bitcoin's growing potential to change everyone's perspective about digital currencies and how it will grow in more coming years as an asset and as a currency as well.

The reason behind acceptance if bitcoin by the big corporation is they are maturing their self before time and there are other reasons as well bitcoin is the best way to make money faster and corporation are also interested in money making and this step will help them to survive in the coming era and I think it’s better to adopt bitcoin at the lower prices as compared to the higher prices and those who are doing this will be in benefit.

[freo01]

Huge company accept bitcoins as a payment because they know that bitcoin is the future of economy of every country in few more years. They wanted to known as a pioneer in terms of using cryptocurrency in thecnear future.