Just Started to Accept Bitcoin in my Espresso Bar

[lunobird]

If a store cashes out to Fiat immediately then they are not really adopting crypto to its fullest if you have to convert it. True crypto adopting means no Fiat conversion

I realize you're just shitposting, but an espresso bar doesn't exist to gamble its revenue on currency fluctuations, and ultimately it doesn't make a difference to the bitcoin economy if a business converts to fiat immediately (which they pretty much all do).  Bitcoin still gets bought and sold and is circulated as a currency every step of the transaction.  Do you seriously expect this guy to just hodl all the bitcoin he makes from serving coffee?  What you wrote makes no sense.  

Plus, he said this loud and clear:

I'm a big fan of Blockchain rather than Bitcoin.

Grrr.  

If a store needs to convert to fiat at the end.  Then why even bother supporting btc payment at all.  Is their like a niche type of people that only have crypto in the area and no fiat or something? Ridiculous!

If your going to support the crypto cause have damn good business model and real need use case and need to.  Don't just  support crypto payment just for the sake of it.  

I'm getting tired of these companies trying to support crypto when they really don't need to. We need real use case and this is not it!

We went through a big bear market so I have every right to ask those tough questions about real use cases and weed out things that work and don't work.

Yes I expect someone to hodl all their bitcoins they earn after an 85 percent drop. What i wrote makes a lot of sense and its quite plain and simple.

[GreatOrchid]

Hey guys how you doing, hope y'all well.
I run a Pop-up Coffee Bar inside the Record Store in Camden / London.



Yesterday I announced that I accept Bitcoin for your caffeine fix:

https://twitter.com/Coffee_Tune/status/1100734272120475651?s=19

To make most of it I need a good list of Bitcoin Merchant Directories where I can add my business.

I added my business in few of them but I need much more. If you have a y link or any handy list, please share. Have a good one!

Wow, you are so great! I like how you in trend your current business. Even though there are only few percentage of people that uses crypto currencies compared to those people who uses fiat currencies, you give the crypto users the opportunity to have use crypto currencies as their medium for payment. This Espresso Bar have a high potential to go in trend as it have a lots of potential and on current factors. Crypto currencies may not be the payment medium globally but as the days goes by, the people are keep on coming and engage in the world of crypto.

[futile-resistance]

That’s really cool. I do a clothing business and allow people to make mobile payments too, but I don’t accept bitcoin yet.

I’m just accepting bank transfers and there is QR codes banking system that is similar to like that of your bitcoin cards placed on the table, it allows my customers to scan and make payments to my bank account without having to ask for account number. I also accept card payments. Not considering crypto payments for now.

[The Sceptical Chymist]

If a store needs to convert to fiat at the end.  Then why even bother supporting btc payment at all.  Is their like a niche type of people that only have crypto in the area and no fiat or something? Ridiculous!

Because most businesses exist to make money and aren't just idealistic crypto supporters.  That's just the reality, and maybe I'm too cynical, but I suspect that most companies that accept bitcoin as payment are only doing so in order to expand their customer base.  Sure, there are some that genuinely are bitcoin supporters (like this guy with his espresso bar, and perhaps places like Veldt Gold and some others) but most are doing it only as a gimmick.  They know bitcoiners are hardcore and will seek out places to spend their crypto, so those businesses want to attract such customers.  The bottom line is that they want to maximize their profit, which is denominated in whatever their local fiat is.

I can tell by reading a lot of comments like the above that members here must be young and/or without any business experience, and that they don't know a lot about how the real world works in terms of businesses and how they operate.  You guys will learn eventually, just as I did.

As I said, I genuinely would like to see the espresso bar succeed and I'm not knocking him in any way for accepting bitcoin.  I think it's a great idea, and if he was close enough to me I'd be more than willing to be a bitcoin-paying patron of his establishment.  It's good for the bitcoin economy, regardless of whether he converts to fiat immediately.

[CoffeeTune]

I just started two days ago nobody paid with bitcoin yet

Doesn't have to be now, wise ass. But when he actually does have some data and perspective.

I will definitely share the insights when I am able mate and will let you know about it 🤘🏼

[CoffeeTune]

This is great! seeing someone who will take risk to accept bitcoin even though he/she knows that the price of it is not stable or it's volatile,

Its not a risk actually because he is not investing on bitcoin anyway , he only accepts payment via bitcoin which he can adjust the price of the product depending on the price of bitcoin  .  he wont loose this way  and besides , bitcoin is only an alternate option while fiats and other payment method are still available  .

Anyways , this is a another good news  . thanks to the op because he is helping the bitcoin to spread  and become recognizable by others  .

It doesn't seem like a risk to me as the percentage of the BTC payments would be tiny compare to traditional payment methods. And again, it's not profit focused action. I just wanna learn about Blockchain by being part of it and I really really want to see some BTC fans buying some coffee with it and have a nice chat about crypto while he/she is sipping his/her drink.

[CoffeeTune]

Nice work bro. Can you pm where's your coffee shop located?

Thanks mate, it's in London / Camden
You can find more on IG: @coffeetune or
twitter: @coffee_tune
Workplace adress is written on those. Or you can simply Google "Coffee Tune"
Thanks for your interest and wishes mate

[ryap12]

Nice work bro. Can you pm where's your coffee shop located?

Thanks mate, it's in London / Camden
You can find more on IG: @coffeetune or
twitter: @coffee_tune
Workplace adress is written on those. Or you can simply Google "Coffee Tune"
Thanks for your interest and wishes mate

Wow! I get amaze from people like you who manage to accept cryptocurrency as a payment. My country thinks it is fraud at the moment so it isn't developing well here. Hope you get to invite more customers since you have added another payment option for them It would be fun if you name some of your coffee like "The Bitcoin Coffee" or "The HODL toddle Coffee. That will help the promotion as the customer's may spread it quickly with a silly name.

[CoffeeTune]

Congrats OP, it's a good step. But on another hand I am very interested in how beneficial btc payment implementation will be for you. So can you answer me on these questions?
1. How good is your bar's location? Is it located in areas which is full of tourists or it's mostly for those who live nearby?
2. How much transactions have been done since you implemented it? If there was any, how much was on bitcoin and on bitcoin cash.

Hey there,
1- it's not a great location. It's inside the Record store but the town having almost 30M people a year ( Camden Town)

2-since I announced, only people been sending some small amount of tips and only 1 person purchased coffee with BTC after he saw it in here

My tweet about it has reached almost 200k reach and plenty of engagement but at the end of the day nobody wants to travel to buy a cuppa with BTC.

[UmerIdrees]

Hey guys how you doing, hope y'all well.
I run a Pop-up Coffee Bar inside the Record Store in Camden / London.



Yesterday I announced that I accept Bitcoin for your caffeine fix:

https://twitter.com/Coffee_Tune/status/1100734272120475651?s=19

To make most of it I need a good list of Bitcoin Merchant Directories where I can add my business.

I added my business in few of them but I need much more. If you have a y link or any handy list, please share. Have a good one!

Wow, you are so great! I like how you in trend your current business. Even though there are only few percentage of people that uses crypto currencies compared to those people who uses fiat currencies, you give the crypto users the opportunity to have use crypto currencies as their medium for payment. This Espresso Bar have a high potential to go in trend as it have a lots of potential and on current factors. Crypto currencies may not be the payment medium globally but as the days goes by, the people are keep on coming and engage in the world of crypto.

I hope this trend should continue and more people should engage and adopt bitcoin. We should spread such positive vibes and news about bitcoin all over the world, so other people are also tempted to make such moves and this way crypto will be used everywhere.

[Lanatsa]

Congrats OP, it's a good step. But on another hand I am very interested in how beneficial btc payment implementation will be for you. So can you answer me on these questions?
1. How good is your bar's location? Is it located in areas which is full of tourists or it's mostly for those who live nearby?
2. How much transactions have been done since you implemented it? If there was any, how much was on bitcoin and on bitcoin cash.

Hey there,
1- it's not a great location. It's inside the Record store but the town having almost 30M people a year ( Camden Town)

2-since I announced, only people been sending some small amount of tips and only 1 person purchased coffee with BTC after he saw it in here

My tweet about it has reached almost 200k reach and plenty of engagement but at the end of the day nobody wants to travel to buy a cuppa with BTC.

Atleast theres still 1 person who do purchase up some cuppa with his BTC 

As expected that not all places do really have that kind of Bitcoin adoption/awareness but atleast you have seen that theres someone who do able
to purchase and sparks its interest.It might take time for it to be popular, just have patience and just keep going.

[Mpamaegbu]

especially regions where bitcoin has not been declared illegal.

What regions are you referring to?

I guess s/he could be referring to regions where the government hasn't come out to declare Bitcoin illegal but still hasn't thrown its weight in support of it. I think that's the kind of situation we have in Africa where I come from.

Anyway, I feel glad anytime I hear or read news bits of merchants making inroads with Bitcoin. We need more of this.

[stfN2128]

Great! Thanks for your "real" support! Its always nice to see some new possibilities to spend cryptos. Every small adaption is another step into the right direction. Hope your doing good and sell some coffees for crypto

[qwertyup23]

Hello and congratulations for your growing business! I have a few questions in mind that needs to be clarified based on your experience ever since you started accepting bitcoin as an alternative payment:

1. How many people preferred paying in bitcoin compared to using cash? Follow-up question, was your business able to attract more customers due to implementing this kind of change?;
2. How did this affect the overall profit margin of the business?; and
3. Were the transactions taxable or is it a loophole in order to avoid paying taxes?

I am hoping that you shed me some light regarding my queries since it can also be an opportunity for other future businessmen to accept bitcoin as a payment. I wish nothing but the best to your business, OP.

[shield132]

lunobird
I think it won't be so hard to understand that bitcoin payment implementation can be done for extra comfort. When you see visa/mastercard, skrill, paypal, webmomey, yandex money, neteller and others as a payment option in store, this doesn't mean shop owner supports them, no, he/she doesn't give a shit to those companies, it's just to make payment more available for everyone amd every type of customer. Imagine, I am in restaurant, seems I don't have cash and just realizef that I left my card in store but I remember I have money on my bitcoin wallet and store accepts it too, it escapes me from current weird situation. Can you understand now why wide choise of payment is good?

Congrats OP, it's a good step. But on another hand I am very interested in how beneficial btc payment implementation will be for you. So can you answer me on these questions?
1. How good is your bar's location? Is it located in areas which is full of tourists or it's mostly for those who live nearby?
2. How much transactions have been done since you implemented it? If there was any, how much was on bitcoin and on bitcoin cash.

Hey there,
1- it's not a great location. It's inside the Record store but the town having almost 30M people a year ( Camden Town)

2-since I announced, only people been sending some small amount of tips and only 1 person purchased coffee with BTC after he saw it in here

My tweet about it has reached almost 200k reach and plenty of engagement but at the end of the day nobody wants to travel to buy a cuppa with BTC.

Those people are great who sent tips to you, seems they appreciated the fact you integrated btc payment. If it doesn't affect your budget, then why not to keep it? I think it's still unusual for people when they see someone paying with btc and seems everyonr tries to pay with what's common, possibly.

[UmerIdrees]

Great! Thanks for your "real" support! Its always nice to see some new possibilities to spend cryptos. Every small adaption is another step into the right direction. Hope your doing good and sell some coffees for crypto

Crypto should be spend everywhere where fiat can be spend. Although this seems a little impossible to implement at this present time but little adoptions like these shows that we are heading towards the pure crypto world where the fiat will have no role and every transaction will be using the crypto currencies.

[J8882EFU]

Hey guys how you doing, hope y'all well.
I run a Pop-up Coffee Bar inside the Record Store in Camden / London.

http://imgur.com/pQc2mab

Yesterday I announced that I accept Bitcoin for your caffeine fix:

https://twitter.com/Coffee_Tune/status/1100734272120475651?s=19

To make most of it I need a good list of Bitcoin Merchant Directories where I can add my business.

I added my business in few of them but I need much more. If you have a y link or any handy list, please share. Have a good one!

When ADA or XLM?

[bitbunnny]

First of all congratulations. I don't know much enterpreneurs who are brave enough to take Bitcoin as a payment method. It's still rather risky anf often connected with some difficulties. I beleive that implementation wasn't that easy but I hope with time this would become usual thing for many businesses. This should be one of examples how to implement cryptocurrencies in real life.

[Cosbycoin]

No need for the so called directories, the ones you’ve got is already enough and as long as you have the Bitcoin sign put up, anyone that comes and sees it already knows that you accept Bitcoin as payment. And when they leave they will also tell others about it and before you even get to know it, the news will spread around. All you need to do is just find the top directory and put your business there and nothing else.

[EdenHazard]

It's really hard indeed to attract lots of people to buy something with bitcoin. The most users now just use it for an investment or trading place only. I hope, some days after your bar will be in demand by poeple who has bitcoin in there. Only a patient will aswers your effort and at least you are the person who has  a strong courage to take bitcoin in your business which I know that's not easy to take it.