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Author Topic: Does any of you spend bitcoin in physical shops?  (Read 311 times)
Don Pedro Dinero
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September 10, 2018, 07:45:31 AM
 #21

If you look at coinmap, many places accept bitcoin. If you live in a big city in a developed country, I’m sure there are some. But I bet no actual bitcoin payments are happening, because nobody requests to pay with bitcoin.
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September 12, 2018, 04:23:02 AM
 #22

There are some shops where you can spend bitcoin online, but there are very few places where you can go physically and spend your bitcoins. I was wondering if people from the forum spend their bitcoins physically, regularly or occasionally, it doesn’t matter, as we know bitcoin is not that much widespread.

Not in a physical shop but i did buy an external hdd online with bitcoin a few years back. I don't think that many shops where i live accept bitcoin, at least i haven't seen any stores with signs saying that they do.
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September 16, 2018, 12:44:27 PM
Merited by paxmao (1)
 #23

Slovenia's largest shopping mall accepts BTC payments. The funny thing is, it is called BTC city, but the meaning of the name of the mall has nothing to do with BTC. It actually means "goods trading center city" in translation.

I think this will be an interesting read to you guys about it. There has since been progress but I can't find many articles in English. It is happening and it is interesting to say the least:

https://news.bitcoin.com/slovenias-shopping-center-btc-city-genuine-bitcoin-city/
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September 18, 2018, 06:51:47 AM
 #24

I think bitcoin is very rarely used in the real world, although many companies who accept bitcoin payments such as Starbucks and Samsung, this is due to the many rules of the country that prohibit it
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September 18, 2018, 11:05:23 AM
 #25

I think only a small percentage of people spend bitcoin to buy real goods, most of them use bitcoin to trade or invest on ICOs
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September 18, 2018, 08:28:14 PM
Merited by dbshck (1)
 #26

I own a computer hardware shop and I was thinking about it many times to add a bitcoin as a payment method. The only thing that is stopping me till now is how to convince our accountant that things won't be that hard to calculate. She is a bit negative about it as she don't understand the concept behind the bitcoin / as many others/ We've been working for almost 10 years now so I don't really what to change her but.. we have to find some solution.
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September 18, 2018, 11:22:04 PM
Merited by dbshck (1)
 #27

I own a computer hardware shop and I was thinking about it many times to add a bitcoin as a payment method. The only thing that is stopping me till now is how to convince our accountant that things won't be that hard to calculate. She is a bit negative about it as she don't understand the concept behind the bitcoin / as many others/ We've been working for almost 10 years now so I don't really what to change her but.. we have to find some solution.

If you do it through BitPay, or other payment processor, and get it auto converted to fiat (100%), then, from accountants perspective, it makes no difference whatsoever.

Accepting BTC directly creates some extra work for her, which you'll have to pay for, so makes little sense if purchases in BTC are rare and insignificant.
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September 18, 2018, 11:27:25 PM
 #28


If you do it through BitPay, or other payment processor, and get it auto converted to fiat (100%), then, from accountants perspective, it makes no difference whatsoever.

Accepting BTC directly creates some extra work for her, which you'll have to pay for, so makes little sense if purchases in BTC are rare and insignificant.

I will definitely check it. Thanks. I saw Coinbase had also solution for merchants but I haven't checked it yet. There should be an option but I was not prioritizing that.
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September 21, 2018, 04:56:50 AM
 #29

I use to have a bitcoin debit card in late 2017, I would exchange the altcoins I made profit from into bitcoin and then buy whatever I needed to buy, groceries, gas and what not.....in person at any store  I may add! It would convert my bitcoins into my local currency on the fly, It was probably the best few months I've ever had, expendable money really. I would only spend on green days when bitcoin was up, and never used it when bitcoin was in the red, would be idiotic if you think about it haha.

Now with the much harder to obtain bitcoin debit/credit cards (due to mastercard/visa cutting off most crypto suppliers) it's sort of hard to find anywhere to spend it as only mostly small independant local stores accept it as a bitcoin alone.
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October 17, 2018, 09:25:11 PM
 #30

In as much as I wish I could spend few satoshi in a physical shop — buy few packs of noodles and boast to family and friends how real bitcoin is. However there is no place to do that and it will take a while for such to manifest in a society where everything social infrastructure, development, economy, and education is backward. In short, no.
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October 18, 2018, 08:38:33 PM
 #31

There's a super market few blocks from my residential home. They accept bitcoin as means of payment although it's not yet an acceptable means of payment due to the rules and regulations in my country. The super market manager is a cryptocurrency enthusiast and a close friend of mine, he exchanges cryptocurrency to fiat and fiat to cryptocurrency too. Almost all peers I know engaged in cryptocurrency shops only from this supermarket because of this reason.
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October 18, 2018, 10:57:12 PM
 #32

It is sad to admit it, but I live in a third world country, and we will have these technologies implemented at least in 5 years from the moment they were introduced in Europe.
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