Small Business that accept bitcoin or cyptocurrency here in PH, worth it ba?

[Tyr808]

Interesting thread. Honestly I've never ever seen a "bitcoin accepted" sign anywhere in the Philippines.
Any list of shops accepting btc payments in Manila?

EDIT
I clicked on some of the links in the OP and almost all of them are associated with promotion of scammy coins such as xrp, bch, steem, "yolocoin" whatever that is.
SAD!

[meanwords]

Interesting thread. Honestly I've never ever seen a "bitcoin accepted" sign anywhere in the Philippines.
Any list of shops accepting btc payments in Manila?

EDIT
I clicked on some of the links in the OP and almost all of them are associated with promotion of scammy coins such as xrp, bch, steem, "yolocoin" whatever that is.
SAD!

I think sinama nila ang XRP sa payment kasi sobrang liit nga naman talaga ang fee nito kung sa ibang wallet manggagaling ang XRP ng customer at hindi sa coins.ph. Pero agree ako na sana hindi na nila sinama ang BCH kasi hindi ganoon ka gaan ang fee at at kung sa coins.ph naman ang trasaction ay wala itong fee kaya pwedeng-pwede ang Bitcoin. Malay natin, hindi nila alam na pump and dump pala ito.

[Tyr808]

Interesting thread. Honestly I've never ever seen a "bitcoin accepted" sign anywhere in the Philippines.
Any list of shops accepting btc payments in Manila?

EDIT
I clicked on some of the links in the OP and almost all of them are associated with promotion of scammy coins such as xrp, bch, steem, "yolocoin" whatever that is.
SAD!

I think sinama nila ang XRP sa payment kasi sobrang liit nga naman talaga ang fee nito kung sa ibang wallet manggagaling ang XRP ng customer at hindi sa coins.ph. Pero agree ako na sana hindi na nila sinama ang BCH kasi hindi ganoon ka gaan ang fee at at kung sa coins.ph naman ang trasaction ay wala itong fee kaya pwedeng-pwede ang Bitcoin. Malay natin, hindi nila alam na pump and dump pala ito.

I have a negative opinion on XRP. But, even if I put that aside, we cannot argue that XRP is a highly volatile speculative asset. Now why would you push this rubbish to hard working shop owners who have possibly poor understanding of cryptos? This is irresponsible and counterproductive, it furthers increases the divide in the country between us crypto people and the 99..9% of the rest who understands jackshit of it all and is very susceptible to jump to conclusions like "crypto is a scam". Wouldn't argue with that if what they refer to are XRP BCH and yolochain.

[Vaculin]

Everything starts from small beginnings.

I can see that pictures in the past as well, looks like an old photos but we should be happy with that as they support bitcoin and it will be a big help for adoption. In the Philippines, there are only few who really accept bitcoin, good thing we have coins.ph where we can easily convert our bitcoin to fiat, but we lose some value though which is going to their income.

I just hope bitcoin will be accepted soon, but with the big fee we are witnessing now, it might take some time or we might need some 3rd party to middle and to make the transaction affordable to everyone.

[Tyr808]

I just hope bitcoin will be accepted soon, but with the big fee we are witnessing now, it might take some time or we might need some 3rd party to middle and to make the transaction affordable to everyone.

A third party making txs cheaper? This is downright nonsense.

[TheCoinGrabber]

Wala pa akong nakikitang ganyang mga business dito sa area namin. Usually ba may special subscriptions pa sila para makatanggap ng crypto payments? Parang maliit lang kasi limit nung coins.ph.

Depende na lang siguro sa area kung maraming users pero di hamak naman sigurong mas mura magset-up ng bitcoin payments kaysa maglagay ng credit card terminal. Angkop talaga to sa small businesses.

Interesting thread. Honestly I've never ever seen a "bitcoin accepted" sign anywhere in the Philippines.
Any list of shops accepting btc payments in Manila?

EDIT
I clicked on some of the links in the OP and almost all of them are associated with promotion of scammy coins such as xrp, bch, steem, "yolocoin" whatever that is.
SAD!

Big yikes. Pero at least pera din yun, kung merchant ka tanggap lang ng kahit anong payment. 

[Bttzed03]

Worth it nga ba? I think depende yan sa kung saang lugar nakapwesto ang business mo.
Maganda 'lang siguro ito if your business is placed in the heart of a city or in any urban areas wherein marami (sa tingin mo) ang may knowledge at hawak na cryptocurrencies.
Kapag sa rural areas ka, baka langawin 'lang yang wallet mo at hindi magagamit.
Although, it is still good to put up signs and banners just as what OP has shown para at least ma curious mga kapitbahay mo as well as your costumers.

Does it really have to depend on the business location? Sa tingin ko hindi. Importante yung location to determine whether kikita ang business o hindi pero wala naman kinalaman dyan yung mode of payments nila (fiat o bitcoin). Kahit langawin pa yung wallet, hindi naman malulugi ang isang negosyo dahil it doesn't cost anything aside from internet connection to set up an online bitcoin wallet.

Mas nakadepende yung "worthiness" ng pagtanggap ng bitcoin sa conversion rates (assuming ayaw mag-hodl ng owner) at sa transaction fees.

[Asuspawer09]

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Added to the list @Peanutswar @cryptoaddictchie

Worth it nga ba? I think depende yan sa kung saang lugar nakapwesto ang business mo.
Maganda 'lang siguro ito if your business is placed in the heart of a city or in any urban areas wherein marami (sa tingin mo) ang may knowledge at hawak na cryptocurrencies.
Kapag sa rural areas ka, baka langawin 'lang yang wallet mo at hindi magagamit.
Although, it is still good to put up signs and banners just as what OP has shown para at least ma curious mga kapitbahay mo as well as your costumers.

Does it really have to depend on the business location? Sa tingin ko hindi. Importante yung location to determine whether kikita ang business o hindi pero wala naman kinalaman dyan yung mode of payments nila (fiat o bitcoin). Kahit langawin pa yung wallet, hindi naman malulugi ang isang negosyo dahil it doesn't cost anything aside from internet connection to set up an online bitcoin wallet.

Mas nakadepende yung "worthiness" ng pagtanggap ng bitcoin sa conversion rates (assuming ayaw mag-hodl ng owner) at sa transaction fees.

Siguro nakadepende sa lugar kung mayroong gumagamit nung bitcoin or cryptocurrency payment since hindi naman sa lahat ng lugar ay maraming gumagamit ng bitcoin.

source

[lionheart78]

Worth it nga ba? I think depende yan sa kung saang lugar nakapwesto ang business mo.
Maganda 'lang siguro ito if your business is placed in the heart of a city or in any urban areas wherein marami (sa tingin mo) ang may knowledge at hawak na cryptocurrencies.
Kapag sa rural areas ka, baka langawin 'lang yang wallet mo at hindi magagamit.
Although, it is still good to put up signs and banners just as what OP has shown para at least ma curious mga kapitbahay mo as well as your costumers.

Sa tingin ko, worth it naman ang pagtanggap ng cryptocurrency.  In a businessman's view, a possible  additional group of client is worth the effort.  At isa pa hindi naman mahal ang maintenance sa mga ganyang klaseng establishment, need lang naman ng cellphone para sa pagscan ng qr code. kahit na hindi gumamit ng pos.

If it's an online shop then, sure ako, worth it ang pag-accept ng Bitcoins or any other cryptocurrencies for that matter.
Less hassle at secured pa 'yung payment. Unlike other payment gateways tulad ng paypal na pupwedeng ma-reverse yung transaction.
Kalaban 'lang ng mga small businesses that are doing this is 'yung volatility ng mismong cryptocurrency na tinatanggap nila.
Dapat talaga maingat at may alam, dahil baka ika-lugi pa nila ng negosyo ang biglaang pagbagsak ng cryptocurrency na hawak nila.

Ang pagkakaalam ko both ay may pros at cons, kung ang paypal ay pro customer, ang cryptocurrency payment naman ay pro establishment dahil hindi pwedeng irefund ang transaction if ever na may pagkaloko ang store na mabibilhan.

With regards sa volatility pwede naman real time exchange unless talagang maghodl yung may-ari ng retail store.

[Bitcoinislife09]

Marami din akong nakita na businesses sa online na nagaacept ng bitcoin hindi nga lang masyadong detalyado pwede mong icheck itong mga links:

https://bitpinas.com/shop/pinoy-game-store-bitcoin-cash-litecoin-etc/
https://bitpinas.com/shop/blugre-coffee-bitcoin-davao/

[Crypto Girl Maricris]

okay nga sana kung may mga stores na talaga na nag-aaccept ng bitcoin. Kaso hindi pa din kasi popular satin ang crypto currency.
Ang dami pa din yung hindi alam yun kaya nahihirapan din ang iba na introduce ang bitcoin para sakanila.

Hope ko na sana seven eleven umpisahan nila na mag accept ng bitcoin

[ralle14]

Wala pa akong nakikitang ganyang mga business dito sa area namin. Usually ba may special subscriptions pa sila para makatanggap ng crypto payments? Parang maliit lang kasi limit nung coins.ph.

Depende na lang siguro sa area kung maraming users pero di hamak naman sigurong mas mura magset-up ng bitcoin payments kaysa maglagay ng credit card terminal. Angkop talaga to sa small businesses.

Hindi naman kailangan ng subscription bago makatanggap ng bitcoin alam ko may parang business limit ang coins kung kukulangin yung level 3 limit pero sapat na siguro yun kasi bibihira lang naman gumagamit ng bitcoin dito sa atin.

okay nga sana kung may mga stores na talaga na nag-aaccept ng bitcoin. Kaso hindi pa din kasi popular satin ang crypto currency.
Ang dami pa din yung hindi alam yun kaya nahihirapan din ang iba na introduce ang bitcoin para sakanila.

Hope ko na sana seven eleven umpisahan nila na mag accept ng bitcoin

Akyat baba din kasi yung presyo kaya hindi masyado ginagamit ang Bitcoin pambayad sa mga tindahan. Yung mga ibang exchanges naman nag aadjust para magastos ng iba yung bitcoin nila tulad ng virtual cards pero iilan lang nag offer sa ngayon.

[Vaculin]

I just hope bitcoin will be accepted soon, but with the big fee we are witnessing now, it might take some time or we might need some 3rd party to middle and to make the transaction affordable to everyone.

A third party making txs cheaper? This is downright nonsense.

It's not nonsense, because if people will adopt a lightning network, transaction will be faster and cheaper, and I consider it as a 3rd party.

Do I make sense now?

[Tyr808]

I just hope bitcoin will be accepted soon, but with the big fee we are witnessing now, it might take some time or we might need some 3rd party to middle and to make the transaction affordable to everyone.

A third party making txs cheaper? This is downright nonsense.

It's not nonsense, because if people will adopt a lightning network, transaction will be faster and cheaper, and I consider it as a 3rd party.

Do I make sense now?

You're referring to second layer technology then, not exactly a third party but yes, that could significantly cut fees. Current state is unusable though for the masses, impractical.
My view is that bitcoin is not intended to be for dust transactions. There's fiat for that.

[bL4nkcode]

It's not nonsense, because if people will adopt a lightning network, transaction will be faster and cheaper, and I consider it as a 3rd party.

Do I make sense now?

You're referring to second layer technology then, not exactly a third party but yes, that could significantly cut fees. Current state is unusable though for the masses, impractical.
My view is that bitcoin is not intended to be for dust transactions. There's fiat for that.

Still, transfers through lightning only possible for hundreds of $$$ I guess +200$, and not even possible for a thousand, and it needs lots of improvement. Using segwit would help for fees though but still, it takes lots of fees transferring larger transactions (by size) and amount.

Marami din akong nakita na businesses sa online na nagaacept ng bitcoin hindi nga lang masyadong detalyado pwede mong icheck itong mga links:
[...]

Okay sana, pero walang matinong image sa actual shop puro stock image lang gamit sa article.

[Shimmiry]

I'd be honest here. I'm a frequent traveler from Manila to Southern part of Luzon in the past 10 years and I never saw any shops/small business that accepts or transacts with Bitcoin. Nakakatuwa na makita yung mga pictures na pinost mo pero ayun, medyo nalulungkot din ako na sa tinagal tagal na ng Bitcoin, ni-isa eh wala akong nakita sa dinadaanan kong route.

Parehas tayo, hanggang sa ngayon wala pa ako nakikita ni-isang tindahan or kung ano mang establishment na tumatanggap ng Bitcoin bilang bayad. Nakakatuwang isipin na marami pala,  at karamihan dun ay mga maliliit na businesses.
Nakatutuwa rin na hindi lamang Bitcoin ang inooffer nila bilang mode of payment. Pati XRP.
Sa aking palagay ay mas higit itong makatutulong upang hindi na kailanganin pa masyado ng mga cash sa pagbabayad, lalo na sa mga panahong ito na kailangan nating mag-ingat. Social distancing narin at mababawasan ang transmission ng sakit na maaaring manggaling sa mga hawak nating pera.
Sana ay mas dumami pa ang mag offer ng ganitong mga MOD.

[Rosilito]

I'd be honest here. I'm a frequent traveler from Manila to Southern part of Luzon in the past 10 years and I never saw any shops/small business that accepts or transacts with Bitcoin. Nakakatuwa na makita yung mga pictures na pinost mo pero ayun, medyo nalulungkot din ako na sa tinagal tagal na ng Bitcoin, ni-isa eh wala akong nakita sa dinadaanan kong route.

Parehas tayo, hanggang sa ngayon wala pa ako nakikita ni-isang tindahan or kung ano mang establishment na tumatanggap ng Bitcoin bilang bayad. Nakakatuwang isipin na marami pala,  at karamihan dun ay mga maliliit na businesses.

Siguro kasi 'di tayo masyadong observant sa paligid saka sa mga ganiyang kaliit na tindahan. Ako rin, I never see anything similar sa mga ganiyang store. Madalas kasi ng makita ko 'yong mga malalaking establishments pa tas 'yong mga may machines pa kaso dito lang rin sa forum  . Kaya ang rare para sa karaniwang store na mag-implement ng ganiyan lalo na doon sa small canteen pero good start na rin kung sakali mag-grow ang crypto behind what we could imagine tiyak na sobrang panalo na sila diyan. Well, the opposite could happen as well.
Nice catch pala sa mga nakakita niyan. I wanna visit such store, and to ask na rin why they do accept crypto as a payment out or curiosity.

[iTradeChips]

I really admire those people who include cryptocurrencies like Bitcoin, Ethereum, Litecoin and others as mode of payment, kasi it gives us a chance to tell people hindi lang fiat currency ang may value, may value rin ang mga cryptocurrencies. Kaya kung mabibigyan sana ng chance na pati ang mga big players sa business ay magkaroon rin ng pagkakataon sana, hopefully after all this minor economic mess caused by the pandemic, ay magkaroon na ulit ng renewed trust sa cryptocurrencies at maging mode of payment na ulit sila.

[Vannie12]

For now, I think these are still rare cases. But putting up businesses promoting use of bitcoins are definitely overwhelming.
Sticking to this means they have faith in cryptocurrencies' future.

Sana may iba pang platforms na magaaccept bitcoins and other cryptos. For example Grab, hotels, at may mga applications pa na maging form of exchanges maliban sa coins.ph.

[JoMarrah Iarim Dan]

May mga nakikita na din akong pailan-ilang online sellers sa Facebook na tumatanggap ng Bitcoin bilang kabayaran sa mga rpoducts na kanilang tinitinda. Hindi ako nakakasiguro kung gaano kadami ang nagbabayad ng Bitcoin sa kanila pero ang sa tingin ko mayroon nga silang mga costumers na nagbabayad ng bitcoin. Paano ko nasabi? Matagal na kasi slang online seller at hindi nila tinatanggal ang ganoong way ng pagbabayad sa kanila.