Selling milk tea for Bitcoin

[Hamphser]

If your country didn't ban bitcoìn as payment system then I think you are free to make it as payment system and I'm sure that is more then innovation. Moreover if the user of bitcoin in your country is very much then it will be a great innovation. The user will try to use bitcoin as payment system because there haven't been any company or merchant who use bitcoin. Seem like you have to update if this idea was applicated, sooner the user of this forum will follow as you have done.

I think the problem here is not the acceptance of crypto in their country. What i sense is that people would have just ignore this idea sooner or later because of the hassle that their government needs before you can actually have your own money to be use in stores who do accept bitcoin.

[taufik123]

Good idea to introduce bitcoin by adding payment using bitcoin to your milk tea shop.
To realize payments with bitcoin you have to use a wallet platform that supports payments using bitcoin specifically for the products you sell, namely Milk tea.

You can use Coinbase Commerce which is a service that allows merchants to accept payments using cryptocurrency that is bitcoin directly into your wallet that you can control.
Coinbase Commerce will be directly integrated with the products you sell. You can determine the price of your product at checkout and it will automatically be converted to the current bitcoin price.

You can provide a barcode on each product you sell at different prices.
for more details you can read it at https://commerce.coinbase.com/

[iamsange]

Maybe will be like this, bitcoin can be payment. But not as main payment, if people want to use physical or maybe digital fiat, keep to be nice to them. And then about bitcoin, make promo if people want to use bitcoin maybe get something or maybe discount, then they will attracted.

[darkangel11]

Any business that doesn't get you in debt is worth trying. Who knows, maybe you will succeed.
If you don't you'll know you did something to promote Bitcoin and you won't lose money trying, just some time but young people have more than enough time.
Keep that attitude OP and you'll get somewhere. While your friends are playing games on a console and you'll be doing business.

[btccashacc]

You're so lucky that you're government embrace bitcoin as a payment method while in some countries bitcoin is being banned in terms of payment or currency. Do you know how many people in your area are using bitcoin and are they willing to spend it? I don't know but people nowadays seems hard to spend their bitcoin especially transaction in the small amount due to higher fee or cost and low confirmation, anyway I agree with you that you might put some creative promos to attract people to buy your product using Bitcoin.

[qiwoman2]

It's a great way to get the word out and maybe you can talk to the local Press and get some sort of interview done, saying that you accept Bitcoin as payment for your great milk tea. I think this will also boost your business as more and more people travel around now and if I were in your city, I would certainly want to sample your milk tea as I am a great milk tea enthusiast. I drink mine with carnation milk, stevia, and vanilla essence. I also like the Indian spicy Chai as well. Give gettign some free press a try and that might do good for your business and for Bitcoiners traveling to your area.  Every step to mass adoption is good, and this looks like a way from the ground up to get there. I wish you luck on your venture and never give up.

[Blackdeath]

I had a discussion with my parents earlier, saying that they want to start operating our milk tea food cart. We had the cart ready, materials for making the milk tea and so on. Instead of waiting for June or July until the new school building opens, we decided to put our business in a mall rather than the school sooner than later.

My dad was a traditional business style guy. He kept failing because of not being creative and innovative, and sometimes ignoring my suggestions and advice. However, this time, since I am into crypto and blockchain industry, he was thinking about displaying a Bitcoin QR code.

In the city that I lived, there were no businesses yet who accept Bitcoin payments. They do have QR codes, but mostly from a centralized provider and not crypto-related.

I already have my mom's Bitcoin wallet verified, and may need to upgrade it to a Business account as it needs business permit and other requirements necessary. It'll be used for the business anyways.

I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?

To be honest, it is really a great idea for you to create a business that you are actually accepting bitcoin as a payment method because you can use it as an investment that you could double your income if a lot of people will purchase a milktea using a bitcoin. More people will also be aware and could adopt bitcoin if they know about your business.

[Asuspawer09]

Not sure if this will actually do good for your business since it looks like bitcoin isn't decently adopted in your city, but hey. Nothing really wrong with trying things out. Who knows there might be some total bitcoin bull out in your neighborhood that becomes a regular customer solely due to you accepting bitcoin payments. You can try playing around with Lightning too if enough people pay with bitcoin.

P.S. To the other readers, milk tea = bubble/boba tea.

Agree, I think for a small business like your accepting bitcoin is not yet a great idea since the market price is volatile and it could easily go down its price in the market. Im not negative in bitcoin and im actually hoping and believed that the market price of bitcoin is going to pump in the coming years but are you going to Hold it for long term all of the bitcoin payment, I mean funds or capital is important in a business most of the time a lot of business tend to have debt in the bank in your to start their business other than starting their business with their own funds. But still, it's up to you I think if you have your own money I think you could easily sustain your business and the same time having a bitcoin payment method which is great for influencing a lot of people in your area. Also, the bitcoin price is moving in the market is fast so from time to time you need to adjust the price your menu or easily just convert it to your currency equivalent.

[karanggatak]

I had a discussion with my parents earlier, saying that they want to start operating our milk tea food cart. We had the cart ready, materials for making the milk tea and so on. Instead of waiting for June or July until the new school building opens, we decided to put our business in a mall rather than the school sooner than later.

My dad was a traditional business style guy. He kept failing because of not being creative and innovative, and sometimes ignoring my suggestions and advice. However, this time, since I am into crypto and blockchain industry, he was thinking about displaying a Bitcoin QR code.

In the city that I lived, there were no businesses yet who accept Bitcoin payments. They do have QR codes, but mostly from a centralized provider and not crypto-related.

I already have my mom's Bitcoin wallet verified, and may need to upgrade it to a Business account as it needs business permit and other requirements necessary. It'll be used for the business anyways.

I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?

This is a good step and I really appreciate your efforts. and giving promos to customers who pay using bitcoin is a good idea to attract attention. although maybe very few people pay with bitcoin but at least you have been promoting bitcoin to people. to be able to achieve our mass adoption as part of the cryptocurrency community we must strive to promote bitcoin. so that more people know about bitcoin.

[princehandsome]

your goal is actually good to let ordinary people know how Bitcoin functions and I totally agree with the business but is the business of selling your milk tea that's still running until now? unfortunately in my place of residence no one people has such a good idea like that's so there are still many people who don't know about Bitcoin yet.

[Janation]

Promos if they use Bitcoin as a payment method would be really great.

Your customers would be intrigued to what Bitcoin is. Usually young people wants to buy milk tea, I think it is a trend for them. That would make them curious what Bitcoin is, some already know what it is but do not want to use Bitcoin as a payment method. I tried putting a QR code on my mother's sari sari store, some recognized it some don't but still, no one used it as a payment method.

[meanwords]

Philippines is very supported to Bitcoin and milk tea business is booming here too. My sister had a milk tea business too and adding Bitcoin as payment sounds good because there's a lot of Bitcoin owners here in my area. I suggest that you add other common known cryptocurrency too if they requested it instead of just Bitcoin, especially XRP because a lot of Filipino likes XRP because of low fee.

[MWesterweele]

I think accepting Bitcoin will serve you well, especially around schools where you are dealing with a lot of youngsters who surely know what Bitcoin is and likely own a sat or two as well.

What I find lacking is that there aren't all that many local places where we can spend our coins, and that's something you can start to change. I'm pretty confident that it will motivate other stalls/merchants to follow, especially in times where the price isn't all that far from its next parabolic cycle.

I do wonder what the goal is with the coins that people will be spending at your stall. Hold? Convert to fiat?

It could be good, but the cons is  when the bitcoin price dumps or dump it would be a problem. You need to update your menu prices regularly so that it would not be hassle. And it is better if you would put your business in a place with high rise building or commercial area since many people in  business now is aware what bitcoin will be.

[Kambal2000]

How profitable selling milk tea by accepting bitcoin as payment transaction? how much your milk tea price per cup and does it looks worth because its have lower price for selling, with in school area maybe you only get little profit and not have way whit getting bigger costumer and available many students have use bitcoin or not?

If you are selling milk tea, for sure you have already profit associated with it, what they did is that they are creating adoption in millennial, we know how much millennials love to buy milktea, and once they have seen that Bitcoin, they will for sure become curious and can do a research from it. So, it's really a good strategy.

[acroman08]

I had a discussion with my parents earlier, saying that they want to start operating our milk tea food cart. We had the cart ready, materials for making the milk tea and so on. Instead of waiting for June or July until the new school building opens, we decided to put our business in a mall rather than the school sooner than later.

My dad was a traditional business style guy. He kept failing because of not being creative and innovative, and sometimes ignoring my suggestions and advice. However, this time, since I am into crypto and blockchain industry, he was thinking about displaying a Bitcoin QR code.

In the city that I lived, there were no businesses yet who accept Bitcoin payments. They do have QR codes, but mostly from a centralized provider and not crypto-related.

I already have my mom's Bitcoin wallet verified, and may need to upgrade it to a Business account as it needs business permit and other requirements necessary. It'll be used for the business anyways.

I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?

I suggest advertising on your local Facebook group pages or any market group that are near in your area and mention that your stall accepts cryptocurrencies. I am suggesting it because someone I know advertised their business on local pages on Facebook that their shop is accepting bitcoin and there were several bitcoin supporters came just to try out or have the experience of buying something on a local store face to face using bitcoin. the sad thing is they have stopped accepting bitcoin now I am not sure why and closed their business.

[tambok]

I had a discussion with my parents earlier, saying that they want to start operating our milk tea food cart. We had the cart ready, materials for making the milk tea and so on. Instead of waiting for June or July until the new school building opens, we decided to put our business in a mall rather than the school sooner than later.

My dad was a traditional business style guy. He kept failing because of not being creative and innovative, and sometimes ignoring my suggestions and advice. However, this time, since I am into crypto and blockchain industry, he was thinking about displaying a Bitcoin QR code.

In the city that I lived, there were no businesses yet who accept Bitcoin payments. They do have QR codes, but mostly from a centralized provider and not crypto-related.

I already have my mom's Bitcoin wallet verified, and may need to upgrade it to a Business account as it needs business permit and other requirements necessary. It'll be used for the business anyways.

I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?

I suggest advertising on your local Facebook group pages or any market group that are near in your area and mention that your stall accepts cryptocurrencies. I am suggesting it because someone I know advertised their business on local pages on Facebook that their shop is accepting bitcoin and there were several bitcoin supporters came just to try out or have the experience of buying something on a local store face to face using bitcoin. the sad thing is they have stopped accepting bitcoin now I am not sure why and closed their business.

Use all the social channels to promote the traditional business really a good idea, doing live session, and having a delivery option will do. And of course, accepting Bitcoin as payment is one way to make your business outstanding as well as doing marketing with Bitcoin as well as you are promoting Bitcoin to your potential clients.

[bitvalak]

What do you have planned is good enough, but are you sure that there are already enough users of bitcoin there?
Using promos to attract people to use bitcoin as a means of payment is a method often used by startup companies today, which use promos as an attraction.
Then whether your country's regulations allow buying and selling transactions using crypto, if it is prohibited you may be faced with legal issues.

[joinfree]

Well that's a great idea but i hope you have already made it clear to the people in your  community so that at least they become aware that crypto is your only payment method. however i suggest you still permit people to use fiat as payment but you can give a bonus to those who make payment in bitcoin just to encourage people to use btc.

[buwaytress]

Hey cheez! Totally reminds me of chaiwala business but I guess in PH things work differently! It's super, super cool to see something like this and I hope something comes out of it? I tell you what, I don't know if you will be successful in getting more bitcoin payments, but I know that the media people there would definitely want to feature a bitcoin chaiwala -- maybe even fintech publications and all that. Whatever the outcome, you should milk that publicity and at the very least get people talking about btc.

Do consider a form of lightning payments too. I suspect a cup of tea needs Lightning.

When and if it happens, let me know, I'll give you a small share of bitcoin coverage. I like these sorts of things.

[plvbob0070]

That's kind of idea is only applicable to the country who supports cryptocurrency and in fact, some of them still prohibited to use it. And, the number of stores that accept this kind of payment is still growing and then it may lead us to a cashless society where many people will use digital currency. However, the only problem with this is the government if they will regulate it and we know some of them are against it and it's because of the tax. I guess aside from bitcoin try to add other cryptocurrencies that they can use to buy your product.