Bitcoin Forum
May 04, 2024, 05:54:37 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: General Motors May Start Accepting Bitcoin If There's Customer Demand  (Read 314 times)
clint25n
Sr. Member
****
Offline Offline

Activity: 840
Merit: 250



View Profile
June 18, 2021, 09:23:09 AM
 #41

if it is true that the lesing is willing to accept payment to buy a motorbike, this is very good. especially making it easier for payment transactions. and without the flow of carrying a lot of money to take a vehicle at the lesing. this deserves appreciation if this is really the case
1714845277
Hero Member
*
Offline Offline

Posts: 1714845277

View Profile Personal Message (Offline)

Ignore
1714845277
Reply with quote  #2

1714845277
Report to moderator
1714845277
Hero Member
*
Offline Offline

Posts: 1714845277

View Profile Personal Message (Offline)

Ignore
1714845277
Reply with quote  #2

1714845277
Report to moderator
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714845277
Hero Member
*
Offline Offline

Posts: 1714845277

View Profile Personal Message (Offline)

Ignore
1714845277
Reply with quote  #2

1714845277
Report to moderator
1714845277
Hero Member
*
Offline Offline

Posts: 1714845277

View Profile Personal Message (Offline)

Ignore
1714845277
Reply with quote  #2

1714845277
Report to moderator
1714845277
Hero Member
*
Offline Offline

Posts: 1714845277

View Profile Personal Message (Offline)

Ignore
1714845277
Reply with quote  #2

1714845277
Report to moderator
Kakmakr
Legendary
*
Offline Offline

Activity: 3444
Merit: 1957

Leading Crypto Sports Betting & Casino Platform


View Profile
June 18, 2021, 09:31:09 AM
 #42

Well, most people only "use" their bitcoins when the price is at a ATH... so they might have to wait for a while. Unfortunately Crypto currencies like Bitcoin lost almost 50% of it's value in the last couple of months.. so it does not make sense for people to spend it now.

If they "test" the market now, they will be disappointed, because not a lot of customers are going to use their coins now and new people will not have an incentive to convert Fiat to Crypto ..just to buy a car. (Well, if they give a discount for people who buy with Crypto.. they might get some sales)  Cheesy

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
SFR10
Legendary
*
Offline Offline

Activity: 2996
Merit: 3417


Crypto Swap Exchange


View Profile WWW
June 18, 2021, 11:24:10 AM
 #43

The problem is how will they know if there is a demand on their products from their customer?
In addition to what @Yogee posted, they could send out electronic questionnaires to their previous customers and also do in-person/face-to-face surveys.

I pretty much envision how this will go, GM will be bombarded with millions of tweets about accepting bitcoin, it will implement it, and then in one year they are going to see at best 10 sales in BTC and they will decide to close it down as there is no actual demand.
I completely agree with you, but I don't think there's any harm in keeping that option alive for potential buyers [unless I'm missing something].
- Regardless of the demand, it's always better if they could offer more options for purchasing their cars.

The other main point is with btc in their reserve they can make easy profits like Tesla did with selling 10% of their initial investment making millions.With this they don't need to make huge investment as they will get it in the form of payment from customers also.So it will be wise move on their part to consider this.
AFAIK, they never looked into the investment side of BTCitcoin...

This is great news for Bitcoin. We need to see how Bitcoin reacts to this!
It looks like it didn't have any impact Smiley

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!