Why BTC is not adapted into business??

[adejoke444]

Most of the business will need assurance from the government, you cant expect them to start accepting it and the government suddenly ban it one day.. Government support can make this happen quickly.

[1715223888]

1715223888

[perova93]

now a lot of companies and shops accept crypto coins and use the crypto system in their own business! already many banks realized that the crypto system is unique and for it the future! on this those companies that are not currently deployed in the crypto market and the crypto system will remain very far away, and they will have to very long catch up with the whole world!

[fernandoaleixo]

I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!

There are three main reasons that are acting as bottlenecks for bitcoin's adoption.

1. Legal framework
2. Liquidity
3. Volatility

Propaganda can't help unless we find a solution to these three points. There are few companies that are trying to solve the liquidity issue by providing settlement services to the merchants, but then volatility is eating into the profits and brings uncertainty to the merchants.

If the solution to these three problems are found, the adoption rate will increase exponentially. But sadly, none of these are in our hands.

Thanks for your reply, it really brightened my ideas and I realized I haven't think about it yet, indeed there are more challenges to bictoin besides propaganda and media. I hope with things working the USA the other governments will follow suit.

[Kayuslawal]

Its already been adapted by some business, we just need more good company to join the adoption so it can be accepted world wide.

[cizatext]

Well bitcoin some how is not open to all and in most cases only the educated are the ones being able to use bitcoin and at that most of the local shops around are mostly own by uneducated people and at that it hard for them to have access to bitcoin and how it is use. But more recently more people are now adopting bitcoin that is why we always see the steady rise in price.

[Schirer]

I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!

Honestly at this point of time, there are not much excuses for not accepting btc/alts.
In recent past a lot of vendors did cancel their support to btc because of the huge transactions fees.
Volatility is not an issue since the gateway does convert it to fiat if  vendor wants.

[kadutz25]

I think why bitcoin is not adapted for business? I think bitcoin is an investment and a ready-made asset for business of course there must be a step where companies have adopted bitcoin first before they adopt bitcoin for business and I think so far bitcoin is being used and adopted in terms of payment methods so I think it may be because many companies are still adopting bitcoin so as to make bitcoin as a company business must adopt bitcoin first before making bitcoin as a business

[heinz]

Most of those bussiness are afraid of the volatility and the fast way that bitcoin can go up and down at the same time, that is my theory of why most of the actual bussiness are just scared of having bitcoin as a meant of payment

[Duzter]

Considering the volatility people fear of making it used into the business. Slowly some small scale businesses have started adopting bitcoin into their businesses. From my view one who initiate a business adopting bitcoin at present will surely profit big in the later days when it is known by each and every people around the world.

[eaLiTy]

I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!

There was a much better adoption of bitcoin during 2014 than it is now, when the transaction charges started rising all the companies that accepted trade using bitcoin stopped using it and we are yet to see that process yet again even after the charges went down, may be they are waiting for the major nations to come up with regulations or waiting for the scaling solutions to implement.

[nydiacaskey01]

I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!

What Country are you in? Bitcoin being adapted in businesses growing but unfortunately not in every City or Country. I don't expect Bitcoin to be adapted in every City world wide because there are still cities that are struggling in internet connection and availability of power. In my Country, there are restaurants and bars already accepting Bitcoins as an option to pay their bill.

[Blackmoon84]

I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL! and at that most of the local shops around are mostly own by uneducated people and at that it hard for them to have access to bitcoin and how it is use.

[ovbokhan]

I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!

Some of the typical barriers against bitcoin being fully integrated into businesses especially online include legal restrictions in some countries where a ban is in place place the fact that btc is still very volatile( result of poor adoption)

[kotajikikox]

I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!

Do not worry businesses start adopting bitcoin of the good example is KFC accepting bitcoin as payment and also in canda bitcoin are accepting bitcoin as payment buying of the needs of people if not wrong for this information so it's possble some country's and businesses continue to learn bitcoin adopt in business.

[sucre123456]

Thank you for this great question . One of the very reasons why Bitcoin is not applicable is because of scalability issue . The amount of energy consumed during processing of blocks and transactions is quite much , which in turn causes transactional delay . Also , the consensus algorithm being used by Bitcoin has some defects . These are some of the challenges bitcoin has ..

[suemendez25]

There are actually many companies now that are using bitcoin. Maybe what you should be asking is why ither busnesses are still not adopting bitcoin. Businesses can loose revenue since bitcoin is unstable at the moment.

[cryptopranto]

Who said it's not adapted into business.. There are several business.. But still it's not adapted in big form. hope we'll see big adaption soon

[ginobitcoiner]

I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!

I agree with your first answer, one of the reasons why some businesses stop adopting bitcoin due to very high and very fast price volatility. therefore many people are afraid of doing business using bitcoin, when they get a profit maybe the profit will be very big, but if they suffer losses then the loss would be very big

[BigBos]

I think there are still many opinions about the pros and cons of bitcoin. even in my country, bitcoin is not accepted as a legitimate payment tool, but that is a natural thing. so, bitcoin is limited to investment. so when bitcoin has been received in the community, we may see businesses that use bitcoin everywhere.

[player514]

I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!

First of all, Bitcoin is currently being integrated into a multitude of businesses worldwide even today. On top of that, some businesses may still be skeptical about transitioning from forms of payment that they are comfortable with to Bitcoin, which could be foreign to them. Therefore, it is crucial that those who possess knowledge of Bitcoin continue to spread its benefits in general conversation to increase its everyday usage in vocabulary. Once people become more familiar with cryptocurrency, they will be more comfortable interacting with altcoins, possibly paving the way for businesses to implement altcoin payment systems. As of now, it's not quick enough to be used in real life. We need to get the transaction speeds quicker especially for the confirmations so that it can be used.