Selling milk tea for Bitcoin

[Inkdatar]

Well milktea business is becoming popular these days. I think you should have some options for payment that is fiat currency since some people don't know yet this bitcoin. Good thing you will put up this kind of business that spreading awareness of bitcoin to people. However, spread promotions to let people know your business.

[Aying]

I think that putting bitcoin in to business is a great idea but for milk tea businesses is not that clickable because milk tea buyers are mostly children's and teenagers. although, trying is not bad and your idea for adding some promos for bitcoin buyers will give to people an idea to use bitcoin and it will give to bitcoin demand too.

[TedMosby]

ahh boba, millenials drink 
I suggest you to provide infography banner about bitcoin there. Try to tell them about bitcoin and blockchain with fun analogy.
Just like Andrew Courey with his book "early bird gets the bitcoin: the ultimate guide to everything about bitcoin".

Also, I think you need to promote this to a local bitcoin/cryptocurrency community in your city/country. You can make them buy even they dont like boba, because it just interesting for them to have a real-life cryptocurrency transactions on the spot.
You can tag 2-3 social media related to crypto about this. you'll be viral, or at least reposted by them

Wait, dont forget about the stamp, 10 boba = 10 stamp = free 1 boba ---> you can change this free 1 boba, with a scannable bitcoin paperwallet (20K Satoshi maybe)

good luck!

[FanEagle]

Anything can be sold for Bitcoin and that’s it. So you can sell your milk tea for Bitcoin. But, I have one advice for you: you also mentioned that you father is not a really fan of these, but has been developing interest in Bitcoin because he realized that you’re into it.

I will advise you that you also let him know the risks that are involved so that he doesn’t blame when the price drops and you guys happen to be making some losses after a day sale. He should know that Bitcoin fluctuates so the amount you have in your wallet can reduce or increase, unless you guys plans to be exchanging it for fiat immediately you receive it, it’s up to you. Why I said this is because if you don’t tell him and there is a decrease, he might furious and will blame you.

[Savemore]

Anything can be sold for Bitcoin and that’s it. So you can sell your milk tea for Bitcoin. But, I have one advice for you: you also mentioned that you father is not a really fan of these, but has been developing interest in Bitcoin because he realized that you’re into it.

I will advise you that you also let him know the risks that are involved so that he doesn’t blame when the price drops and you guys happen to be making some losses after a day sale. He should know that Bitcoin fluctuates so the amount you have in your wallet can reduce or increase, unless you guys plans to be exchanging it for fiat immediately you receive it, it’s up to you. Why I said this is because if you don’t tell him and there is a decrease, he might furious and will blame you.

As long as there businesses that are willing to accept bitcoin as payment then we can use our bitcoin in transactions. I recently saw a milktea in my community that accepting bitcoin as I payment. I forgot to capture that milktea as proof. The awareness in my community is growing and even computer shops are now willing to accept bitcoin as payment for rent.

[leyton11]

hmm .. this is actually quite hard. If selling delicious milk tea with credit card payment, the business will become more convenient. And if you do business in front of the school gate and prepare a payment method with bitcoin, that is too imagination. Do you think students can know crypto? Can the kids have enough money to buy bitcoin to pay you? but most of them don't know bitcoin and don't want to keep it in their wallets. with these common knowledge difficulties and customer goals it's too detrimental to your store. Think twice about your customer goals.

[Astvile]

Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?

You should put many creative promos to help you get bitcoin user customers that will be regular in your shop. My tip is just don't focus on bitcoin alone, you should consider accepting major altcoins too since some of them are already used as payment methods from other stalls/websites. Plus trying to put on a banner that says you are accepting bitcoin and creating a bitcoin wallet is free trying will not really cost much though so you must give it a shot.

[cheezcarls]

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.

About the media site, of course as what I have analyzed recently, any activity related to Bitcoin will be published by small, medium or big media sites.

For example, Crypto Crunch App. I have seen them posting pictures of kids selling some items with the Bitcoin logo. A beggar in China is roaming around asking alms from people, but using Bitcoin QR code and it’s going viral. Even a tiny activity would lead to bigger exposure, and I honestly believe in that.

When our milk tea business opens soon, my small crypto community would not hesitate taking selfies with the QR code of ours, and spread the word on social media, until it can be reached to medium and bigger popular media sites. I can see the bigger picture here in the long run.

Not sure yet about lightning though, because the official crypto wallet being used in the Philippines is Coins.PH.

Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?

You should put many creative promos to help you get bitcoin user customers that will be regular in your shop. My tip is just don't focus on bitcoin alone, you should consider accepting major altcoins too since some of them are already used as payment methods from other stalls/websites. Plus trying to put on a banner that says you are accepting bitcoin and creating a bitcoin wallet is free trying will not really cost much though so you must give it a shot.

That’s what I am planning for the customers. I might create some design for the promo guidelines of customers who wants to use the crypto app for buying milk tea.

hmm .. this is actually quite hard. If selling delicious milk tea with credit card payment, the business will become more convenient. And if you do business in front of the school gate and prepare a payment method with bitcoin, that is too imagination. Do you think students can know crypto? Can the kids have enough money to buy bitcoin to pay you? but most of them don't know bitcoin and don't want to keep it in their wallets. with these common knowledge difficulties and customer goals it's too detrimental to your store. Think twice about your customer goals.

For now, we don’t have plans implementing credit card payments for milk tea. Paying in fiat and Bitcoin is what I’m initially planning for now. And we don’t target students because we are planning to set it up in a mall, not in school.

[Asmonist]

I think there's nothing wrong about it. Its better to try and fail than fail to try. Having a good intention and purpose in your business is really worth it. I presume you will also accept local currency payments. We all know that bitcoin is not that wide-used by everybody. In your business you need to get profit as well. Otherwise, your intention is to just accept bitcoin and advertise about it.

[Eclipse26]

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?

You also need to put a sign which tells that you accept Bitcoin in front of your place so people can easily see it. Creative promos for those who will buy using bitcoin, I'm thinking of giving something like a freebies only for those who will use Bitcoin for payments. Like a limited freebies, what do you think? Or just like what cafe usually do, a card when the customer have to buy 10 drinks to get a 1 free drink. Maybe you can give customers who will use Bitcoin.

But overall, it's a great idea

[gabmen]

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?

You also need to put a sign which tells that you accept Bitcoin in front of your place so people can easily see it. Creative promos for those who will buy using bitcoin, I'm thinking of giving something like a freebies only for those who will use Bitcoin for payments. Like a limited freebies, what do you think? Or just like what cafe usually do, a card when the customer have to buy 10 drinks to get a 1 free drink. Maybe you can give customers who will use Bitcoin.

But overall, it's a great idea

What's likely to happen here is that you'll draw those people who are into crypto to your place. Great way to get attention for crypto use but i doubt that non holders would exchange their fiat to btc just so they can use it to buy products in bitcoin. It's going to be interesting for users to sit around and talk about something they and you have in common.

[isaac_clarke22]

I've been seeing milk tea here in my city, left and right. It is kinda getting crazy actually.
Implementing Bitcoin payment kinda sways into my mind, since most people buying milk tea here are high school students. Well let's say almost all of the Generation Z.
I am not sure if they're gonna be interested in paying in cryptos though, but hey it wouldn't hurt to make open an alternative payment method anyway. It's Bitcoin, there are no taxes to it unless you're planning to cash it out.

PS. I live in the Philippines and I believe that milk tea is such a hit here.

[hajirkhalid2]

Bitcoin is decentralized currency and used for payment to purchase goods and services. Almost Bitcoin  adoption is
Going fast. In future selling milk tea for Bitcoin.

[samcrypto]

Many people wants Milk tea and its on demand in the market so I consider the business as a good idea and adding a bitcoin payment option is also good though it will only work if there's also a crypto enthusiast on your place. Its ok to fail, and don't expect that your business will grow because of accepting bitcoin since there's a lot of things to consider. Be creative on business and don't lose hope easily, this will work in time congrats to your family. 

[keeee]

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?

Wow it was really a great idea because that was new.  Since milktea is trending now and lot of people got addicted on it surely youll have lot of customer. In addition those who are bitcoin user near in your area would be glad to know that you accept bitcoin as a payment and adding promo with it will increase more the chance to buy milktea.

[doomloop]

I've been seeing milk tea here in my city, left and right. It is kinda getting crazy actually.
Implementing Bitcoin payment kinda sways into my mind, since most people buying milk tea here are high school students. Well let's say almost all of the Generation Z.
I am not sure if they're gonna be interested in paying in cryptos though, but hey it wouldn't hurt to make open an alternative payment method anyway. It's Bitcoin, there are no taxes to it unless you're planning to cash it out.

PS. I live in the Philippines and I believe that milk tea is such a hit here.

All generations are becoming interested in crypto, the fact behind young generations more interest is their knowledge and awareness about it. On the other hand older people are not very well known as they have not used this method in their time. If school students will adopt this method and would learn the benefit of it that would be a very good initiative, their knowledge and experience would increase with their age they will become expert at the later time in their life and that would be a benefit for crypto and Bitcoin.

[Mike Mayor]

Permit?? Upgrade to a business account? What are you talking about? You can open a wallet and just use it. You don't need a permit. You might need a permit to sell things but how you accept payment is your business. You don't go and get a permit for accepting banknotes do you? You get a permit for your wallet you keep in your pocket? No.... Even with a bank account what permit are you talking about? The only reaosn people use business accounts is because its meant for it. The fees and structure is designed for business instead of just a personal account.

I think it is a very good idea and you should offer a discount. I will also accept crypto when I start my business with a friend. We will offer 10% off if you pay with crypto.

[cheezcarls]

I've been seeing milk tea here in my city, left and right. It is kinda getting crazy actually.
Implementing Bitcoin payment kinda sways into my mind, since most people buying milk tea here are high school students. Well let's say almost all of the Generation Z.
I am not sure if they're gonna be interested in paying in cryptos though, but hey it wouldn't hurt to make open an alternative payment method anyway. It's Bitcoin, there are no taxes to it unless you're planning to cash it out.

PS. I live in the Philippines and I believe that milk tea is such a hit here.

I agree with you. There are so many milk tea brands that I've seen here in my area or in other cities and provinces. It inspires my parents to do our own. However, I told them to always think out-of-the-box that makes customers keep coming back to buy more.

They are very supportive of me in my crypto journey, which is why they want me to try implement Bitcoin payments. Of course, fiat would always be the main payment option. It's just that we will be adding Bitcoin as another payment option and to come up with some promo when they download the crypto app on their phone.

Permit?? Upgrade to a business account? What are you talking about? You can open a wallet and just use it. You don't need a permit. You might need a permit to sell things but how you accept payment is your business. You don't go and get a permit for accepting banknotes do you? You get a permit for your wallet you keep in your pocket? No.... Even with a bank account what permit are you talking about? The only reaosn people use business accounts is because its meant for it. The fees and structure is designed for business instead of just a personal account.

I think it is a very good idea and you should offer a discount. I will also accept crypto when I start my business with a friend. We will offer 10% off if you pay with crypto.

Yes every business operating in the Philippines needs to have a permit from the Bureau of Internal Revenue and Mayor's Permit. The wallet doesn't need a permit lol, and the government here is crypto-friendly (we even have a regulated crypto ATM in Unionbank Philippines). The crypto wallet that I am promoting is regulated by the government and banks, that's why there are upgrade options (highest is business account).

[Aurora Castro]

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 think taking risks will always bring good things. Therefore, it seems to me a good idea that I want to use this payment method, because I feel that people need more motivation and information to know the cryptocurrency business, and although in another aspect it is not good due to the instability of Bitcoin, You just have to get ready for this. It is a breakthrough for both your business and your community. And I think you could try other cryptos, not just with bitcoin.

[hahay]

That is a good idea but with the very fluctuating price of bitcoin, it is highly recommended that you create a system that can immediately convert it when receiving crypto payments, this idea will indeed be very good to make many people aware of bitcoin, but we also have to consider it more mature so that businesses are we do get good profits and not lose for reasons of fluctuating prices. We can not directly make this payment method to be applied to businesses that are even newly built, so make it in stages and make the right promotions will certainly be better for the development of the business itself.