Why do big corporations accept BTC?

[MondayTraddd]

I had no idea of it. I only new that KFC and paypal are accepting btcs

[gledek]

already many big companies receive bitcoin. because they know the popularity of bitcoin can not be in the dam again, let alone most people already know and already joined with bitcoin.

[lovepale]

Accepting bitcoin doesn't mean totally supporting bitcoin. Sometimes it is just a preparation in the future just incase bitcoin will subdue the world of business. If things happen like that then the big companies doesn't have regrets but rather a fulfilment to their preparation in the coming future. I believe that big companies have a big role to implement bitcoin in the world. Their role cannot be stop if they accept bitcoin coz they have a big part to let bitcoin know in the universe. Well, big companies have the power to dominate and control business in crypto if they want it.

[BountyX]

I must confess that I was not aware that the corporations that you have mentioned (Microsoft, Paypal) are accepting BTC. For real they do? If they do, which I still have some problem to believe, that could possibly be a first step towards a much wider adoption of cryptocurrencies.

[19faraon88]

Maybe because they know that bitcoin is very powerful cryptocurrency. And before they accept it, they do very deep studies about the bitcoin. Then, they found out that bitcoin is the investment and they will earn a lot.

[wewe123]

Maybe because they know that bitcoin is very powerful cryptocurrency. And before they accept it, they do very deep studies about the bitcoin. Then, they found out that bitcoin is the investment and they will earn a lot.

The big company and corporation adopt and accept bitcoin into their business because they find out that their company might be benefitting on bitcoin and bitcoin is all about business so there is no reason that every company or corporations will not accept bitcoin.

[ityandsyn]

Big corporations accepted BTC because they are capable of using digital transaction or payments where BTC is already in the mode. other reason is,it could be the best account for safekeeping of excess money rather than to deposit in the bank which is subject for taxation of government.

[specialfoolhardy7]

It may be because they have surplus money which they can afford to lose, so they are trying their lucks

[Janodevera]

Unfortunately the darknet, the encrypted version of the internet that allows anonymity, has given Bitcoin a bad aura with the cryptocurrency being used by cybercriminals to buy drugs and guns on the darknet’s marketplaces, the most high-profile being Silk Road. Fortunately, many legitimate businesses and organisations have recognised the great opportunity Bitcoin holds as well. Many of these are well known corporations such as Dell, Wordpress, Expedia, Paypal and Reddit and this number will continue to grow as more consumers join the Bitcoin community. A bitcoin transaction is direct, frictionless and private with no need for an intermediary. As a result, bitcoin is cheaper, safer and  quicker to use than traditional currency and bitcoin holders would prefer to pay for products or services in bitcoins if they can.

[tagsgay]

Many of those company favours growth of btcs and so to facilitate their growth they are taking this steps

[Ashong Salonga]

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

Simoly because big corporations believe that bitcoin today is a big thing that needs to be consider. They believe tgat bitcoin has the capability of giving some good income because we all know that its value isn't that stable or does not have any ability to stay on one value yet it always rise but sadly dump sometimes.

[alexsandria]

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 believe that bitcoin can help us in their economic growth and can be one main factor for their good income. And also, because we all know that bitcoin has the ability to grow even though you are not doing anything but actually we must be aware of that because it has a low chance of having good incime. And bitcoin also have the best and good ways to earn money and give the corporations good and high amount of income.

[andrei56]

I can imagine as well that for some companies it might be an advertising move. It does not even have to be profitable.
By accepting crypto currencies you can show that your company is working with the latest trends and technologies.
That attracts especially younger people, and among them are well earning people of tomorrow.
Establishing a connection to them today will be important tomorrow.

I agree with this, this is just a way to show that they are on top of all the new technologies that are around, in fact it will be embarrassing to not accept bitcoin if they are a company that is orientated towards technology, so even if the market right now is not very big they are still willing to make that concession besides they may be thinking about the future and want to accept bitcoin right now so when massive adoption finally happens they do not try to figure out how to accept bitcoin payments.

[Starone1]

I had no idea of it. I only new that KFC and paypal are accepting btcs

Not only KFC but there are some more rich companies who accept bitcoin and this year some more countries will join bitcoin because bitcoin is trustable and stable currency in world it’s also playing a big role in economy of many countries so same for big companies bitcoin is playing a big role in their finance so that’s the reason that companies are joining bitcoin and in this year more companies will join bitcoin.

[Copulative]

The reason organizations and vast companies acknowledge installment with Bitcoin can see that they see the potential improvement of Bitcoin and in addition the digital money. At show, individuals need to pay for administrations, they frequently need to pay through go-betweens or installment passages, the cost is regularly not modest, constrained to specific nations. Be that as it may, Bitcoin is totally unique, it can do exchanges specifically anyplace on the planet, without middle people, the exchange charge is satisfactory.

[Ikay]

I think that they accept bitcoin because bitcoin are getting more popular in the markets and most of all people that connect in internet are using bitcoin and they think that accepting bitcoin is good in their business so probably they doing this is a get along with the trend.

[burdagol12345]

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

Actually,the main reason why such the big companies like  microsoft,paypal,overstuck and consulting firm is accepting the bitcoin,because they want to advertise there  product,with the using of crytocurrency system.because they believe that using and accepting bitcoin as a payment there product will be marketable.

[xxToaDxx]

I will envision conjointly that for some organizations it should be a promoting move. It does not got to be productive. By tolerating scientific discipline styles of cash you'll be able to demonstrate that your organization is functioning with the foremost recent patterns and advances. That pulls in notably younger people, and among them area unit well procuring people of tomorrow. Setting up associate association with them nowadays are going to be imperative tomorrow.

[Techie5879]

There maybe different reasons for each tech giant/any other company to accept bitcoin. Microsoft and Dell reportedly started accepting BTC due to high demand, and probably also they wanted to ride the trend that has been going on, and investing in BTC infrastructure at an early stage probably made them think that it would yield higher profits later. Even KFC Canada nowadays accepts bitcoins as a payment method, and Porsche introduced blockchain into the automobile industry, following in the footsteps of Toyota. Even in India, my country, banks are adopting blockchain technology due to its decetralized verification and validation process, which actually lies at the core of Bitcoin. I think it is this underlying technology that makes bitcoin valuable enough to invest in for these big enterprises.

[Bugsbey]

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.

Very well said! Like you, I have that thinking too. It is easier for payment transactions and they could get rid of transaction fees and other fees. And also they could maybe benefit the characteristics of the bitcoin which is its volatility.