Is small business ready to sell for cryptocurrency?

[reality18]

In making systems such as payment using cryptocurrency is not easy, because the owner must think of several important aspects, aspects of value fluctuations for example. Those who have a small business, tend to be difficult to work with exchangers in their country, because the owner also needs official money for basic needs in their business. But for big business I think there is a no problem if they want to use payment alternatives like cryptocurrency, like "starbuck".

One of the biggest challenge for both small and big businesses in adopting cryptocurrency is the long verification time for a transaction. Only businesses who can wait for a particular long time for a payment can accept such payment system. Most of the small businesses works on a cash and carry system and needs to get paid once and item is bought. Perhaps, the Lightning Network will improve upon this.

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Big and small business is not worry to start payment with cryptocurrency because when you adopt bitcoin as payment you have ready with your bitcoin account and way to faster make payment with bitcoin with ready your bitcoin kinds like coinbase wallet or you have local exchange payment, maybe if using the same wallet without fee for every transaction.

[owengtam09]

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.

People who wants to invest in crypto is ofcourse those who wants to earn profit and at the same time, have enough capital.
What kind of quick and easy to build store you mean? There are already lots of online store that we can use bitcoin as payment.

What kind of reasons can motivate people to start a crypto business?

To have a lot of earning with crypto, is the best reasons we can use.

[milesfull]

Small business will be ready for this only after right refulation. For now, its too risky to do so in majority of countries

[haidil]

anyone can start a crypto business, because now technology is increasingly sophisticated. Not a few people start their business and accept payments using crypto. although the value of crypto is fluactive, of course all have advantages and disadvantages.

[Irvinn]

I believe that for any business, even for small business, cooperation with cryptocurrency will have very beneficial results.  Of course, such plans need to be implemented only if the legislation of your side does not contradict the use of cryptocurrency.  Even the best option is when the cryptocurrency is not recognized as an asset in the country and in reality will not be taxed.  In this case, the businessman gets a double conclusion.  Nevertheless, the use of cryptocurrency as a means of payment in your business, this not only increases the capabilities of customers, but also increases their number.

[Mometaskers]

I don't see any reasons why not. Granted there may be several things that have to be arranged to make it work but allowing your customers to pay you in crypto is likely going to be far cheaper than getting a credit card terminal (which works more like a rental from the bank). If a business can already afford to handle credit card payments, I don't see any reason why accepting crypto would be any harder.

The business likely would need to have more "back up" money, either cash-on-hand or on account. Even if they price their products/services in fiat, they might have to hold on to the crypto they are receiving, meaning they can't easily rely on it for their day-to-day operations. Like, they can't just roll-over yesterday's earnings for use today.

The question is not "Are small businesses ready to sell for bitcoin/crypto?" because if its just selling that we're going to talk about, selling is easy, the real question is, are small businesses ready to handle the downside and challenges of getting into business involving crypto currency? Because being culture shocked is the least thing that you should do upon entering.
       On the other hand, in our country, there are already small tech-business that accepts bitcoin as payment and is still operating until now.

I think what would be problematic for them would be the fluctuating price, meaning they may not be able to immediately en-cash earnings to pay for expenses, etc.

[jakoylantern]

I believe that for any business, even for small business, cooperation with cryptocurrency will have very beneficial results.  Of course, such plans need to be implemented only if the legislation of your side does not contradict the use of cryptocurrency.  Even the best option is when the cryptocurrency is not recognized as an asset in the country and in reality will not be taxed.  In this case, the businessman gets a double conclusion.  Nevertheless, the use of cryptocurrency as a means of payment in your business, this not only increases the capabilities of customers, but also increases their number.

I agree with what you said that in any business, cooperation is one of the keys. If you can execute well your plans, strategies, and your observation, it has a significant chance to be successful, especially if cryptocurrency is legalized to your state and especially if you can contrivance it very well. Some stores accept bitcoin and other cryptocurrencies but mostly huge companies, but if they can do it, I'm sure some small or medium enterprises can do it also.

[agentx44]

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 the use of cryptocurrencies even on small business would be a huge help for the market. It will encourage those people who don't have any idea yet on what crypto is. Also it can show them the convenience crypto can offer in many ways. Crypto is not like fiat but that does not mean it's not a risk when you try using crypto on your small business. Try thinking of the future, see if you will be successful or not about opening small crypto business.

[bohr]

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?

The question is not "Are small businesses ready to sell for bitcoin/crypto?" because if its just selling that we're going to talk about, selling is easy, the real question is, are small businesses ready to handle the downside and challenges of getting into business involving crypto currency? Because being culture shocked is the least thing that you should do upon entering.
       On the other hand, in our country, there are already small tech-business that accepts bitcoin as payment and is still operating until now.

As of right now there are not enough people using cryptocurrencies so you could have a small business depending solely on the income produced by cryptocurrencies, a small business has to accept fiat if they want to remain competitive, but I have no doubts that in a few years we will see more businesses accepting bitcoin and then many other cryptocurrencies when people finally realize how easy they are to use.

[Magkirap]

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 believe that they must have first the credibility to sell cryptocurrencies and as a small business it is hard to gain this easily. Also, if you are selling crypto you probably grow your business after all because many people will start to buy to them. In addition, they also have have the knowledge about the operation of crypto so that they are aware about the possible downs of their business and prepare for that.

[Kambal2000]

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 believe that they must have first the credibility to sell cryptocurrencies and as a small business it is hard to gain this easily. Also, if you are selling crypto you probably grow your business after all because many people will start to buy to them. In addition, they also have have the knowledge about the operation of crypto so that they are aware about the possible downs of their business and prepare for that.

It depends on country, if that country has a lot of crypto users, then for sure small business would take risk starting a crypto business just like here in our country, we do have small business that accepts crypto as payments, some business are buying and selling crypto for users, we even have our local exchange here.

[toast]

Bitcoin's potential is more than enough to motivate anyone to start a cryptocurrency business, always being positive will also help us to do everything without any hesitation, it will help us to face everything with our all might. There must be an upside-down moments along the way of cryptocurrency business but it is all worth it for me, as long as we never give up, there is hope in the end.

in the current conditions, it is very much needed principles in investing like you and I agree with what you have to say in your opinion survive with patience and confidence that one day in the future it will be more advanced and developed and of course many investors are more interested in investing again

[ivakar]

Small sectors to large industries can all adopt a system from Blockchain that does help various sectors. From traders. Medical to finance all can use the technology, but to realize it requires time and also counseling the community about the new technology , and this will make future dreams about cryptocurrency I am pretty sure that in the next 5-10 years changes will be seen in the era of the system

small business need simplicity. why? because this type of business just can't afford hire more employees to handle additional tasks for accepting crypto currencies, watching exchange rates and so on
that means small businesses will use approved and well know systems - cash payments and card payments
cause the owner simply do not have free time to cover this new way of payment.

[Best Dreams]

I don't see any reasons why not. Granted there may be several things that have to be arranged to make it work but allowing your customers to pay you in crypto is likely going to be far cheaper than getting a credit card terminal (which works more like a rental from the bank). If a business can already afford to handle credit card payments, I don't see any reason why accepting crypto would be any harder.

The business likely would need to have more "back up" money, either cash-on-hand or on account. Even if they price their products/services in fiat, they might have to hold on to the crypto they are receiving, meaning they can't easily rely on it for their day-to-day operations. Like, they can't just roll-over yesterday's earnings for use today.

The question is not "Are small businesses ready to sell for bitcoin/crypto?" because if its just selling that we're going to talk about, selling is easy, the real question is, are small businesses ready to handle the downside and challenges of getting into business involving crypto currency? Because being culture shocked is the least thing that you should do upon entering.
       On the other hand, in our country, there are already small tech-business that accepts bitcoin as payment and is still operating until now.

I think what would be problematic for them would be the fluctuating price, meaning they may not be able to immediately en-cash earnings to pay for expenses, etc.

No there is no problem in using crypto it’s really a reliable way to pay for goods and to sell for anything but in case of high amount exchange yeah people will have to look at the market volatility and also they will have to follow the rules after that in crypto there is no issue so many people use it for business and sell/buy  bitcoins.

[hahay]

The main reason that people want to start a business with crypto is about interest in crypto itself. Indeed, some of their business people still think about unstable prices or whatever, but when businesses have an interest in crypto then at least for a more appropriate online business, businesses will include crypto as an alternative payment method which of course every buyer will see and gradually will probably be there are many buyers who use this method.

[FlamingFingers]

The volatility of  cryptocurrency  might be one of the reasons to discourage small business from accepting any crypto payments in exchange to their goods,  perhaps if usdt is being considered they might,  because a small business might not be able to bear so much loss during bear season

[Polar91]

The volatility of  cryptocurrency  might be one of the reasons to discourage small business from accepting any crypto payments in exchange to their goods,  perhaps if usdt is being considered they might,  because a small business might not be able to bear so much loss during bear season

There are a lot of stable coins aside USDT that they can use thus I don't think it's the main reason. Since crypto is a new currency for them, it's difficult for the to adopt it and it's not also being used by majority of people for payment. Most of people already heared crypto but they don't have idea what is it perhapa they aren't interested too since they are already contented to our traditional currency and online banking.

[TelolettOm]

The most important thing is that there is a good preparation to make a business that was previously running conventionally can be realized to be able to switch to the cryptocurrency industry. all that is very possible to happen to see the potential that exists today,all depends on the preparation of the team to be able to walk later

[Palider]

The main reason that people want to start a business with crypto is about interest in crypto itself. Indeed, some of their business people still think about unstable prices or whatever, but when businesses have an interest in crypto then at least for a more appropriate online business, businesses will include crypto as an alternative payment method which of course every buyer will see and gradually will probably be there are many buyers who use this method.

But the main reason for this is the price of the products that can affect the business due to the price drop. So even though every person has an interest in crypto we can never go far with the most talked about and this is the product.

The volatility of  cryptocurrency  might be one of the reasons to discourage small business from accepting any crypto payments in exchange to their goods,  perhaps if usdt is being considered they might,  because a small business might not be able to bear so much loss during bear season

Yes, this is the reason why small bussiness owners will not accept it. Because they may not be able to withstand so much losses in the bear market and cause their business to go bankrupt