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Author Topic: Is small business ready to sell for cryptocurrency?  (Read 4984 times)
Agniya
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July 29, 2018, 08:55:37 AM
 #281

The main thing is to explain to people how this works. The unknown always scares.

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July 29, 2018, 08:56:53 AM
 #282

well we cannot under estimate small business becuase it this small that big business started or came from, we  can't tell how are they're goin to compete to those big comapnies using bitcoin it usually gain attraction to many people as well as investor, I can say yes they can if they they know how to manage it and if everything is settle and have been agreed thereis a chance  for this small business to grow and expand and can use bitcoin too.

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July 29, 2018, 09:38:16 AM
 #283

build small business use crypto depend on the situations on the particular countries because you cannot build your own business use crypto if your country banned crypto but the common reason why they build online stores accept crypto as the payment maybe use crypto is more easy than use cash for transactions and it can do everytime and everywhere as long as internet connections available
i agree, it depends on what time do you have purchased or invest it. Particularly like small business owner is the one who can make a decision that is not going to be there. but small business is the key for the first time in the market for sure getting ready to get a chance of a kind of investment.
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July 29, 2018, 01:13:20 PM
 #284

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
It is not small business' that needs to be ready to sell for cryptocurrency. It is the providers that needs to get ready for it, you need to create a system for the small business to easily accept bitcoin and easily sell it to fiat for paying back their own providers as well. Small business needs ease of use and ease of selling, unless you provide these two to them they will not consider taking any of their business to crypto at all. It would just make their lives a lot harder.

I can say yes they can if they they know how to manage it and if everything is settle and have been agreed thereis a chance  for this small business to grow and expand and can use bitcoin too.
Adopting cryptocurrency must be a very small part compared to a business. Now a days, cryptocurrencies payments options are available with proper processors who will take care of all the hassles of handling a new payment system. Hence, I too believe more businesses will start adopting bitcoins in coming days given that their governments have positive or neutral stand against cryptos.
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July 29, 2018, 03:57:27 PM
 #285

I think Though there are quite a lot of considerations including its unlimited volatility and overall accessibility to the public.
And Personally, if I own a business, I will accept bitcoin even though I will consider the current price. It will serve as an investment for me in the field of cryptocurrency that many believe has great potential in the future.
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July 29, 2018, 05:44:02 PM
 #286

merchants are still trying to adopt for cryptocurrency in large but price volatility is a major concern
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July 29, 2018, 08:44:27 PM
 #287

I think most of small businesses are not completely ready to accept crypto as long as their supply chains are still operating in fiat money. Nevertheless, there already is a benefit of accepting crypto as it can let companies save on comissions they currently pay for Visa and MasterCard services.

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July 30, 2018, 10:40:22 AM
 #288

A large number of small businesses have had a thorough and in-depth study of the virtual currency market and blockchain technology, investing a lot of money and time and effort. Lack of knowledge, lack of luck ... can become "small fish" as bait for the "shark", because the investment market virtual currency contains many risks such as loss of value, rapidly devalued. Normally, a very high risk market means that profits will be high.
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July 30, 2018, 11:18:53 AM
 #289

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

Small business, as far as I know, already uses cryptocurrencies to pay for their goods and services. I have met a lot of sites that accept bitcoin, part of altcoins. For example, payment for hosting, freelancer services, payment for goods on the Internet. Even I have seen that apartments and houses are sold for bitcoins.




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UconBit
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July 30, 2018, 11:24:45 AM
 #290

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
It is not small business' that needs to be ready to sell for cryptocurrency. It is the providers that needs to get ready for it, you need to create a system for the small business to easily accept bitcoin and easily sell it to fiat for paying back their own providers as well. Small business needs ease of use and ease of selling, unless you provide these two to them they will not consider taking any of their business to crypto at all. It would just make their lives a lot harder.

I can say yes they can if they they know how to manage it and if everything is settle and have been agreed thereis a chance  for this small business to grow and expand and can use bitcoin too.
Adopting cryptocurrency must be a very small part compared to a business. Now a days, cryptocurrencies payments options are available with proper processors who will take care of all the hassles of handling a new payment system. Hence, I too believe more businesses will start adopting bitcoins in coming days given that their governments have positive or neutral stand against cryptos.

It's actually incredibly easy for a small business or individual to accept crypto as payment. You just give the client the wallet ID and ask them to send it there. Keep a wallet dedicated to that business' revenue and only draw on it for large purchases.

The hard part is getting people to accept it. Most people will look at you in shock if you ask them to send money in bitcoin because they think it's some kind of abstract concept that only exists in programmer's minds. They don't really trust it enough, or they just don't know where to begin. More education is necessary before people will start taking it up.
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August 02, 2018, 07:14:43 AM
 #291

I think most of small businesses are not completely ready to accept crypto as long as their supply chains are still operating in fiat money. Nevertheless, there already is a benefit of accepting crypto as it can let companies save on comissions they currently pay for Visa and MasterCard services.
This is better explained. Another reason why most of the small businesses are not ready and do not accept crypto currency is that many countries have not recognized crypto currency so far and hence do not get indulged in crypto.

This is one reality that those who accept crypto save the extra money that was initially required as charges for transactions. But in countries where it is legal to trade crypto, small business might go for it as well because large companies are already accepting it which tends to rise their profit margin.

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August 02, 2018, 09:13:03 AM
 #292

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

In my country, not many merchant accepting bitcoin for payment because government regulation. But many big merchant see the opportunity from cryptocurrency and i am believe they will accepting crypto if regulation approved by government.
Merchant will have many benefits from accepting cryptocurrency for payment because they can hold cryptocurrency as their assets and it will growing

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August 02, 2018, 10:04:36 AM
 #293

Small business is easier to adapt to the crypto currency, because there are few areas of activity.
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August 02, 2018, 10:47:42 AM
 #294

Small businesses can be the first to come to this decision. for small amounts, the exchange rate fluctuations are not so important, and the bonuses from the introduction of crypto can be significant. The problem is a low level of confidence in the crypto market as a whole.

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August 02, 2018, 10:51:53 AM
 #295

 Every type of business is ready to accept cryptocurrency either big or small ,all that is needed is an official declaration of cryptocurrency as money and accepted digital wealth.From any such declarations,everywhere you go ,cryptocurrency will surely be accepted.
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August 02, 2018, 11:37:32 AM
 #296

Every type of business is ready to accept cryptocurrency either big or small ,all that is needed is an official declaration of cryptocurrency as money and accepted digital wealth.From any such declarations,everywhere you go ,cryptocurrency will surely be accepted.

Are you sure of that? Because I think only few are accepting it and also only few are using it and not all type of business is accepting cryptocurrencies as mode of payment.

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August 02, 2018, 11:47:20 AM
 #297

Yes right, in my opinion small business is the thing that must immediately run crypto so that it can expand customers, this is easy and there are many guidelines to integrate crypto with the owner's site.


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August 02, 2018, 12:52:50 PM
 #298

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
I think now that the price of bitcoin is so volatile it is difficult for any business to accept crytocurrency as a means of payment. Even for me, I also do not want to accept bitcoin as a means of payment instead of using usdt

If someone can adjust the price of crytocurrency  is always good, I believe bitcoin soon accepted by businesses
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August 02, 2018, 12:56:40 PM
 #299

All people can buy and sell goods for bitcoin. I would say 2 problems in bitcoin. 1 Governments prevent the development of bitcoin. 2 Slow transaction confirmation on the network
That’s right. I think before anything else they need to create something that can make bitcoin transaction more faster than now. It’s impossible that people will become interested on it while the transaction is very slow and not yet well-develop on their mindset.
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August 02, 2018, 12:57:20 PM
 #300

It depends on a business you have. If it does not bring you a lot of money, you can really do it. However, in case, when it gives you profits, better save it.
If I have a small business, I will not accept my sale with electronic money. Electronic money is only suitable for keeping the same as you say, it is not suitable for exchanging or selling because it is very risky
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