Reason why businesses should accept Bitcoin payment

[Rishabh riyz]

I totally agree with this, accepting Bitcoin in buisnesses today should be one of the biggest things that'll happen in the economy, it saves you so much stress and unnecessary charges that would have been made using FIAT.

the charges ,if you might be referring them to as taxes  that the government takes then you might be contradicting your own words of positively impacting the economy, how can a country run when more and more people have a way of transaction that doesn't provide the government  with incomes , I mean I am not saying that taxes are always good but they are sort of primary income for the government and they are a must for running  any nation .

now about business accepting bitcoins it would certainly be a boost for the crypto but at the same time isn't microtransaction for daily spending too much time consuming , people would have to be educated enough to understand the working of the crypto currency and that the transaction process may take time , people would have to be more patient and have basic knowledge about transaction made via blockchain technology , its easy to start accepting bitcoins for mode of payment but people should also use it as a currency , people think of bitcoins more as an asset than a currency  and the volatile nature of the value of BTC also forces them to think the same.

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[Dhaniii]

Even huge businesses will benefit from the convenience that Bitcoin could provide especially during the pandemic situation that we have. That's actually the reason why big companies are now starting to accept Bitcoin because it's too helpful even for international transactions. It could save us from too much hassle. I believe that more businesses would still choose Bitcoin in the coming days.

not all businesses can accept bitcoin, because some of them have not had time to understand about bitcoin and some of them are still afraid of the level of risk investing with crypto which is so vulnerable to price drops. Only business people who have more asset value can accept bitcoin as a means of payment for their business.
they can group their assets into two groups, firstly fixed assets such as bitcoin investments or bitcoin receipts and secondly current assets for their business activities.

[RILWAN]

The main reason is that the number of bitcoin users continues to increase, in addition to reaching the global market, accepting bitcoin will facilitate every transaction so that business will increase significantly.

But most businesses are already accepting Bitcoin as payment as it give them double advantage which is profit making asset and at the same time an acceptable payment gateway for doing business.

[Rufsilf]

The main reason is that the number of bitcoin users continues to increase, in addition to reaching the global market, accepting bitcoin will facilitate every transaction so that business will increase significantly.

But most businesses are already accepting Bitcoin as payment as it give them double advantage which is profit making asset and at the same time an acceptable payment gateway for doing business.

Nope, it usually depends on what country or particular place you live in because bitcoin doesn't get through as much as we think in certain places. And not every country has business establishments or stores that accepts bitcoin especially here in our place. The only advantages of bitcoin payment here is ordering international markets and dealers like Alibaba and Amazon, which makes us in advantage also not to move frequently our assets in bitcoin form.
But I do hope soon that there will be some establishments here in our place that do accepts payments in bitcoin form.

[dEjAvOU]

Bitcoin users who continue to increase and spread throughout the world make business people have to accept bitcoin immediately, by accepting bitcoin it will increase customers so that business can be successful, especially now if there is an online store that accepts bitcoin it will become viral and this is a great promotional tool. effective.

[bitterguy28]

The main reason is that the number of bitcoin users continues to increase, in addition to reaching the global market, accepting bitcoin will facilitate every transaction so that business will increase significantly.

But most businesses are already accepting Bitcoin as payment as it give them double advantage which is profit making asset and at the same time an acceptable payment gateway for doing business.

Wait, where did you get that Data? can you provide at least one proof of this being happening ? does your  market in your place majority accepts Bitcoin as payment? can you buy a Bottled water using your crypto coin?
if not then don't talk as if you are talking for the whole world because this is not reality , I have been struggling to find some merchant or establishment that i can make use my coin for payment but it is indeed hard to find.

[btc78]

Bitcoin users who continue to increase and spread throughout the world make business people have to accept bitcoin immediately,

exactly in this one , nowadays businesses are being forced to check and learn what or how beneficial crypto in their business, they are now seeing the trend and there are many example on how this will be helpful both costumers and businesses.

by accepting bitcoin it will increase customers so that business can be successful, especially now if there is an online store that accepts bitcoin it will become viral and this is a great promotional tool. effective.

There are some physical business now in near me that starts accepting bitcoin , even the 7/11 near us now starts accepting bitcoin in some products but not the entire store meaning they are starting to adopt.

[Slow death]

The main reason is that the number of bitcoin users continues to increase, in addition to reaching the global market, accepting bitcoin will facilitate every transaction so that business will increase significantly.

But most businesses are already accepting Bitcoin as payment as it give them double advantage which is profit making asset and at the same time an acceptable payment gateway for doing business.

Wait, where did you get that Data? can you provide at least one proof of this being happening ? does your  market in your place majority accepts Bitcoin as payment? can you buy a Bottled water using your crypto coin?
if not then don't talk as if you are talking for the whole world because this is not reality , I have been struggling to find some merchant or establishment that i can make use my coin for payment but it is indeed hard to find.

maybe he meant that there are some places where they accept bitcoin as a payment method. I suppose he lives in countries like USA or EU countries because in African countries it is a rarity to see somewhere accept bitcoin as a payment method, in this matter I think it will take years for all countries one day to use bitcoin as a payment method. . in my country there is no store at least that accepts bitcoin as a payment method

[Snappycoco]

Haven't spent some hours thinking about the advantage that is associated with Bitcoin in company ecosystems, new start-ups that are located in crypto-friendly countries are now diving into Bitcoin as payment against the regular faint traditional currencies, after administering questionnaires to some of the business CEOs stated the reason to be the anonymous nature and its intrinsic value. That is to say, Bitcoin is a business within a business because of its decentralized nature and volatile market.
So the company gain in two ways for accepting bitcoin for payments and if the price of bitcoin goes upward interest are generated also.

And thats if price goes upward only, how about if it goes downward? Who would finance these small start-ups if BTC goes downward drastically? Well, for me BTC as a mode of payment is faster than current way of transacting. It enhances the experience of having a transaction. It also avoids human contact as well.

[Gosgosking]

I totally agree with this, accepting Bitcoin in buisnesses today should be one of the biggest things that'll happen in the economy, it saves you so much stress and unnecessary charges that would have been made using FIAT.

Everyone one knows accepting Bitcoin for business is a good idea because it serve so many purposes, the only problem and challenge we have is the government . The government won't let it work  they are not in control cryptocurrency. This is the major issue we have .

[RILWAN]

I totally agree with this, accepting Bitcoin in buisnesses today should be one of the biggest things that'll happen in the economy, it saves you so much stress and unnecessary charges that would have been made using FIAT.

Everyone one knows accepting Bitcoin for business is a good idea because it serve so many purposes, the only problem and challenge we have is the government . The government won't let it work  they are not in control cryptocurrency. This is the major issue we have .

I guess scalability is one of the major advantages of bitcoin acceptance in a business aside from the fact that the company also profits from the price of Bitcoin if it moves in the upward direction during the period of holding Bitcoin.

[Wong Gendheng]

Currently bitcoin is a trend and is in demand by investors, even during the pandemic which makes many businesses and investments die, bitcoin continues to increase, many reports state that the rapid development of bitcoin because it comes from millionaires and global companies who invest so that to make the business more developed it is mandatory to accept bitcoins.

[Azar138]

Haven't spent some hours thinking about the advantage that is associated with Bitcoin in company ecosystems, new start-ups that are located in crypto-friendly countries are now diving into Bitcoin as payment against the regular faint traditional currencies, after administering questionnaires to some of the business CEOs stated the reason to be the anonymous nature and its intrinsic value. That is to say, Bitcoin is a business within a business because of its decentralized nature and volatile market.
So the company gain in two ways for accepting bitcoin for payments and if the price of bitcoin goes upward interest are generated also.

I think that it is a good marketing step of companies to start accepting Bitcoin as the means of payment. There is a lot of hype around crypto industry today, so people are willing to pay with it. What is more, Bitcoin is really stronger than national currencies of different countries with hyperinflation. That is why is being accepted by weak countries such as Solvador etc.

[BuNga_cute]

I totally agree with this, accepting Bitcoin in buisnesses today should be one of the biggest things that'll happen in the economy, it saves you so much stress and unnecessary charges that would have been made using FIAT.

Everyone one knows accepting Bitcoin for business is a good idea because it serve so many purposes, the only problem and challenge we have is the government . The government won't let it work  they are not in control cryptocurrency. This is the major issue we have .

If we see the increasing popularity of Bitcoin this year, business owners should take advantage of it, to accept Bitcoin payments. That way it will attract
buyers, because it gives them the option to make payments with Bitcoin. Another fact is that business owners can benefit from the increasingly
expensive Bitcoin price. Although the price of Bitcoin is volatile, but if the price of Bitcoin drops it's only temporary, because Bitcoin is an asset that
recovers very quickly. So there is no need to be afraid of trying to accept Bitcoin payments for business owners, but the problem is that government
support is needed in this regard. Unfortunately, many countries still prohibit using Bitcoin for payments, so this is an obstacle for business owners who
want to accept Bitcoin payments. Hopefully the government that prohibits Bitcoin as a payment can change its mind and can see the positive side of
legalizing Bitcoin as a means of payment.

[molsewid]

I think that it is a good marketing step of companies to start accepting Bitcoin as the means of payment. There is a lot of hype around crypto industry today, so people are willing to pay with it. What is more, Bitcoin is really stronger than national currencies of different countries with hyperinflation. That is why is being accepted by weak countries such as Solvador etc.

I believe that accepting bitcoin or having another mode of payment in their business will become one of the advantage of a certain business to other business. Of course this would be one of their marketing strategy that in fact will become one of their great asset because the world economy today are slowly accepting cryptocurrency. This isn't much gaining a massive attention but I do believe that time will come that cryptocurrency will become a useful currency in the world.

[geegaw]

Currently bitcoin is a trend and is in demand by investors, even during the pandemic which makes many businesses and investments die, bitcoin continues to increase, many reports state that the rapid development of bitcoin because it comes from millionaires and global companies who invest so that to make the business more developed it is mandatory to accept bitcoins.

Honestly, instead of thinking of an acceptance as a payment feature, I'd rather bitcoin become an investment fund of more businesses around the world because the data reports speak very clearly about this trend, especially after coming out of the pandemic period, such online investments are proving more and more important. Such as the success of Elon Musk and EI Salvador, the original idea was always a payment concept but after the rise of bitcoin they seem to focus it more as an investment

[Tumanggor]

enthusiasm for bitcoin is growing year after year

in the future, for sure all businesses will adopt crypto payments but we must also be aware that the volatility of the bitcoin price will make many businesses owner add other options for payment via other cryptos besides bitcoin payment

[TheGreatPython]

in the future, for sure all businesses will adopt crypto payments but we must also be aware that the volatility of the bitcoin price will make many businesses owner add other options for payment via other cryptos besides bitcoin payment

When more number of people and business will be adopting bitcoins then there will be a possibility for having less volatile in bitcoin markers. It means bitcoin may rise up over the time due to its limited supply but the domination of beer markets might get diminished when more people are participating in one or other way.

When bitcoin will be having slow and steady bull market and very rarely bear market then merchants will love it to be accepting for their businesses.

[tippytoes]

in the future, for sure all businesses will adopt crypto payments but we must also be aware that the volatility of the bitcoin price will make many businesses owner add other options for payment via other cryptos besides bitcoin payment

When more number of people and business will be adopting bitcoins then there will be a possibility for having less volatile in bitcoin markers. It means bitcoin may rise up over the time due to its limited supply but the domination of beer markets might get diminished when more people are participating in one or other way.

When bitcoin will be having slow and steady bull market and very rarely bear market then merchants will love it to be accepting for their businesses.

Maybe not all businesses, but a lot of them will accept in the future. Not only bitcoin but other good alts for payment method like XRP, TRX or LTC, which incur very minimal transaction fees. A lot of btc holders up until now don't want to spend their satoshis because for the hope that it will gain massive value in the future. But some are already trying to spend their satoshis when they feel it is more convenient for them to pay via btc. Whereas, for businesses, the volatility issue is still their issue why some are still hesitant, but other merchants are now accepting for the same reason. We can't expect them to have the same preferences towards this matter. But the adoption is increasing every day.

[Vaculin]

in the future, for sure all businesses will adopt crypto payments but we must also be aware that the volatility of the bitcoin price will make many businesses owner add other options for payment via other cryptos besides bitcoin payment

When more number of people and business will be adopting bitcoins then there will be a possibility for having less volatile in bitcoin markers. It means bitcoin may rise up over the time due to its limited supply but the domination of beer markets might get diminished when more people are participating in one or other way.

When bitcoin will be having slow and steady bull market and very rarely bear market then merchants will love it to be accepting for their businesses.

No matter what we do, it can never change the volatile nature of the market. Even we would say that it lesser the volatility of the market Merchants will adopt the system if they want but this never gives them safe especially when they are mishandling their funds.

But there is one thing that could encourage them to adopt and accept Bitcoin if they know that this has been supported by the government and legally allowed as money tender in addition to fiat money. As in their mind that they were secured when the government is backing it up and they know that they can ask help if there is something wrong happen with them.