Why Google Play no accept Bitcoin to Buy Stuff Apps

[kingdice21]

Someone know why this company's no accet BItcoin like a Payment Method?

Google Play App
App Store IOS
Netflix
Spotify

And another big companys. 

[cryptothreads]

Someone know why this company's no accet BItcoin like a Payment Method?

Google Play App
App Store IOS
Netflix
Spotify

And another big companys. 

In my opinion that is the security of the transaction. If the companies apply bitcoin as a payment method, they will not be able to control the entire customer.
The crypto market is an anonymous market and transactions are very well secured. So the company will not be able to control the number of users of their applications to summarize the report.

[sycube]

It might be because Bitcoin is too volatile at the moment.

[sakib.bro]

because of the volaltility of the market and the decentralized market of crypto currency google will not support it
suppose u buy an app at 0.0001 bitcoin which is the 15 dollar in usd
in the next day u will see that the same 0.0001 bitcoin is now as 17$ in usd
so that much volatility google will not accept it

[secondgarlic]

Transaction fees are generally very high so people would probably not be willing to use them. Besides, how would they report cryptocurrencies in their annual reports? It definitely would be a hassle, and I think unless cryptocurrencies become really widespread, companies will not feel like the effort to incorporate cryptocurrencies into their systems will not pay off.

[stompix]

because of the volaltility of the market and the decentralized market of crypto currency google will not support it
suppose u buy an app at 0.0001 bitcoin which is the 15 dollar in usd
in the next day u will see that the same 0.0001 bitcoin is now as 17$ in usd
so that much volatility google will not accept it

99% of the merchants that accept coins are doing this by working with bitpay.
The coins are automatically exchanged to USD at the price of the sale so thee is no risk of volatility for the seller.

Transaction fees are generally very high so people would probably not be willing to use them. Besides, how would they report cryptocurrencies in their annual reports? It definitely would be a hassle, and I think unless cryptocurrencies become really widespread, companies will not feel like the effort to incorporate cryptocurrencies into their systems will not pay off.

Transactions fees are 0.15 cents at the moment.
Secondary , they don't have to report cryptocurrencies, what they get is $.

In my opinion that is the security of the transaction. If the companies apply bitcoin as a payment method, they will not be able to control the entire customer.
The crypto market is an anonymous market and transactions are very well secured. So the company will not be able to control the number of users of their applications to summarize the report.

Can you please say this again in English?

[batman12345]

they may have other policies for their alternative payments. but for this case they do not use btc maybe they will use ripple, dash, ltc as their alternative payment..

[bitart]

...

99% of the merchants that accept coins are doing this by working with bitpay.
The coins are automatically exchanged to USD at the price of the sale so thee is no risk of volatility for the seller.

...

Transactions fees are 0.15 cents at the moment.
Secondary , they don't have to report cryptocurrencies, what they get is $.

This (they don't have to report cryptocurrencies) is a key thing every time I think about the merchants.
If a merchant wants to accept crypto, it's an interesting question, where they should keep them in their books. If they accept fiat, they put the amount into 'Cash in hand, checks', if they receive the amount with regular bank transfer, they put it into 'Cash at bank'.
If they receive crypto, they cannot put it into the 'Liquid assets' class, because it's not allowed. If they want to do this part officially, they have to put it into the 'Other receivables' because there's no other category the crytos fits into. Most of the book-keepers are not familiar with  cryptos, so it's hard to do things officially yet...

[Lucas777]

Someone know why this company's no accet BItcoin like a Payment Method?

Google Play App
App Store IOS
Netflix
Spotify

And another big companys. 

It's not time, these are very big companies. Who are still afraid to experiment, if they add it to the payment channel. This will be a new stage in the development of bitcoin.

[nightmanisrightman]

When Lightning Network is thriving on the mainnet you can believe every company who is any company will be lining up to open up channels. And then it will be game on because Bitcoin will go back to being viewed as currency. What a progression the last couple of years from currency>store of value>heading back to currency soon baby!

[longwintershere]

Someone know why this company's no accet BItcoin like a Payment Method?

Google Play App
App Store IOS
Netflix
Spotify

And another big companys. 

mostly they're afraid fo KYC and volatility. In some countires they could face kyc issues when accepting crypto plus just suppose they accept btc and the price goes down, how much that affects their business.

[zhekinsp]

Someone know why this company's no accet BItcoin like a Payment Method?

Google Play App
App Store IOS
Netflix
Spotify

And another big companys. 

I will say simply it takes time,we are still in the early stages guys so it take more time to adapt to the digital currency system.Most of the companies are not accepting bitcoin or other crypto currencies mainy because of its price volatility.I hope by the end of 2025 most people will start using crypto currencies more than now so they can buy what they want with crypto itslef,until that we can do is just encourage the merchants to accept bitcoina s their payment.

[mrcash02]

A big company, Steam, started accepting Bitcoin years ago, but abandoned the payment method months ago due high negative volatility and expensive transactions (making Bitcoin purchases much more expensive than when using fiat). Maybe these companies you mentioned don't want to go through the same path and give up the idea some months after because the well known issues. I think they see Bitcoin as an unstable payment method and currency yet, not interesting for them at this moment.

[Roman Coinson]

First of all because cryptocurrency isn't legal in all countries in the world, it will be able to make problems for users! Second, that the speed of transaction is very low.

[gentlemand]

Extra hassle and staff tied up for minimal gain, though the payment processors will do the dog work.

You can probably obtain gift cards from elsewhere with BTC for most of them.

As for Netflix, I can't really see how they'd make that work. Their business depends on people not being arsed to cancel. If subs required people to ever actively pay again beyond the first time they'd go broke in no time at all.

[Inn0vative1]

Someone know why this company's no accet BItcoin like a Payment Method?

Google Play App
App Store IOS
Netflix
Spotify

And another big companys. 

Bitcoin payments are hard for merchants to process. Regular payments have a lot of infrastructure that allows them to handle and process payments easily. For fiat financial transactions, you have payment gateways, networks that all help make processing easier. Companies that accept bitcoin have to now build that infrastructure to support such payments, or handle payments in a "bare bones"non-optimal way. THere's also little benefit, from a merchant standpoint, of accepting Bitcoin cash or other payment methods.

[Whibu]

Maybe they have not implemented or maybe even they are still studying payments using bitcoin, because in terms of price, the value of bitcoin is never stable and always moving it may be one cause.

[Cookies_N_Cream]

Probably because Bitcoin's value is very volatile. The maybe in the process of implementing it too as their payment option but there are risks involve so they are choosing not to implement it for now. I think if BTC becomes more stable soon and there is customer demands then I guess they have no choice but to implement it if they really value customer satisfaction.

[Yakamoto]

Someone know why this company's no accet BItcoin like a Payment Method?

Google Play App
App Store IOS
Netflix
Spotify

And another big companys. 

Probably because they don't want to use Bitcoin. It's not too hard to consider when you think about the volatility and the relatively small quantity of individuals who use Bitcoin in most capacities. It's a lot more common to see people using literally anything else they're currently accepting as payment, and Bitcoin is still a niche thing that a lot of people are wary about due to the crash we had a month and some ago. I don't know how quickly the trust is going to return and how fast companies will decide to adopt Bitcoin, if ever.

[Ilegendph]

Someone know why this company's no accet BItcoin like a Payment Method?

Google Play App
App Store IOS
Netflix
Spotify

And another big companys. 

In my opinion that is the security of the transaction. If the companies apply bitcoin as a payment method, they will not be able to control the entire customer.
The crypto market is an anonymous market and transactions are very well secured. So the company will not be able to control the number of users of their applications to summarize the report.

I  believe that bitcoin is far more secure payment method rather than paypal specially for merchants because it is irreversible and the risk is on buyer's side. I think the reason why this company cannot accept bitcoin as payment because of volatility, its hard to scale the price of bitcoin and companies prefer payment methods which are predictable.

[Dexion]

I think this is for transaction security and also system. if network access to bitcoin spreads in media, and applications, like bitcoin wallet, or exchange in play store aplication.

so it will make it easier for hackers to steal the bitcoin we have.

[phips28]

It might be because Bitcoin is too volatile at the moment.

+1

[gentlemand]

It might be because Bitcoin is too volatile at the moment.

+1

It's been volatile for years. And payment processors completely remove that problem for businesses. The fees however have been a problem and probably caused uptake to plummet plus generate masses of complaints from people who skimped.

[andylioe78]

They have other policies for their alternative payments. But for this case they do not use bitcoin but they will use ripple, dash, ltc as their alternative payment. Because Bitcoin is too fluctuating nowadays.