Reason why businesses should accept Bitcoin payment

[Nutrient]

Also bear in mind that if the company is using a 3rd party due to not having their own node, then there’s no decentralization in that. That aside, companies accepting Bitcoin as payment system will ease the burden of charges and easy tracking of transactions

[1715375287]

1715375287

[Reatim]

The business owners will get the most benefits of accepting BTC,when they start using it to purchase goods and services from other businesses.Bitcoin should become a business-to-business currency,also known as B2B.Getting adopted by B2C companies (or business-to-customer) is also great,but the companies will eventually have to convert the BTC into fiat,which kinda makes the whole BTC adoption process pointless.

Lol unless the company is willing to keep the Bitcoin on hold then yeah they will benefits but if they will circulate the coin and then the value in fiat drops hard then how can they afford to  sustain their purchasing power that surely now all are using crypto to purchase.
this will only applicable in some but not at all and this is the problem of the companies that is why not all are willing to accept bitcoin because the Volatility is what will affect their system.

Also bear in mind that if the company is using a 3rd party due to not having their own node, then there’s no decentralization in that. That aside, companies accepting Bitcoin as payment system will ease the burden of charges and easy tracking of transactions

+1 here mate.

[Sebas.tian]

Now that the world is going into digital system, it will be favourable for business people to start accepting bitcoin as a payment in their various environment. Accepting bitcoin as a payment will make uneducated people in the country to start looking for where to enroll for adults school where they will be impacting about digital currency. Since many government have see the reason why they should make bitcoin legalized in their country, it will be better for everybody to know how to use bitcoin to purchase any kind of goods and services and pay with bitcoin.
Those countries that made bitcoin legalized, it will really help their business men that is accepting bitcoin in the country.

[Abiky]

Personally I don't see why many business wouldn't accept bitcoin as a payment form.  I think by adding bitcoin as a payment form it makes your business a bit more diverse in some ways.  I recently helped my dog groomer set up a little stand with a bitcoin QR code to be able to accept bitcoin from her customers.  This kind of set up is such a good idea in my mind.  Helps you diversify your payments into an investment as well.

Me neither. I think they're quite skeptical about Bitcoin, as it's not backed by a reputable entity (like the government). Most business operators aren't tech-savvy enough to setup a wallet properly and start accepting Bitcoin payments. They'll be doing Bitcoin a favor by accepting it as payment method, since doing so will increase mainstream awareness. People who never heard about Bitcoin will be curious to know what it's all about when they see a business accepting it as payment method. If businesses want to protect themselves from volatility, they can easily use a payment processor like BitPay or CoinPayments which automatically converts BTC to Fiat on the fly. Bitcoin is growing in popularity at a fast pace so it should only be a matter of time before major stores and retailers accept it as payment method. Just my opinion

[Dannaey]

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.

It gets your business noticeable to the people if you publicly announced that your business is accepting Bitcoin as payment. Because accepting Bitcoin today is not yet normalized so it makes your business unique as some point.

On the other side, it is advantageous with Bitcoin as it introduces to some people who doesn’t know. When people noticed and people keeps buying, it maintains the Bitcoin price.

[dunfida]

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.

It gets your business noticeable to the people if you publicly announced that your business is accepting Bitcoin as payment. Because accepting Bitcoin today is not yet normalized so it makes your business unique as some point.

On the other side, it is advantageous with Bitcoin as it introduces to some people who doesn’t know. When people noticed and people keeps buying, it maintains the Bitcoin price.

Adoption does affect overall value but having these businesses would really make out some significant awareness and exposure about bitcoins existence.

Not all would really be that open when it comes to regulation or something that allows businesses to deal with crypto but since this is situational because not all countries have the same regulation.

So its up only to business owners when it comes to these decisions

[24Kt]

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.

It gets your business noticeable to the people if you publicly announced that your business is accepting Bitcoin as payment. Because accepting Bitcoin today is not yet normalized so it makes your business unique as some point.

On the other side, it is advantageous with Bitcoin as it introduces to some people who doesn’t know. When people noticed and people keeps buying, it maintains the Bitcoin price.

Adoption does affect overall value but having these businesses would really make out some significant awareness and exposure about bitcoins existence.

Not all would really be that open when it comes to regulation or something that allows businesses to deal with crypto but since this is situational because not all countries have the same regulation.

So its up only to business owners when it comes to these decisions

Business owners have different priorities and right now, most of them I believe, their main aim is just to survive as we are not yet out with pandemic crisis. And another covid variant is threatening the world again. So an alternative option may not be their priority but with people trying to avoid using cash, crypto is one really good option to offer to their clients. However, with high volatility, this is why most owners are worried of.

[KennyR]

Business needs to cope with the advancing technology as well as meet the needs of the consumers. Adding bitcoin payment to any business isn't gonna cost big. Whether the existing customers prefer using it or not adding it could bring more business with time. Everytime a new service gets added in exchange for bitcoin, the usage increase a little. This could make an impact when we see the combined growth.

With businesses a volatile asset as payment will increase the risk. This could result in unexpected loss as well as massive profit making. It is all about the market handling, when we're ready to get adopted to the market automatically we'll enjoy it. Or else through a third party service this can be done.

[im posible]

Considering how easy and efficient it is to use bitcoin, this is a good idea. The use of bitcoin as a means of payment for companies can cut the flow of the bureaucratic system that sometimes takes a lot of time, complicated processes and costs that are a lot different from the use of bitcoin which is more concise and transparent.

[muratsink]

with bitcoin not being accepted as a transaction tool or recognition from various countries, it is a bit impossible to make payments using bitcoin in a business or investment, ban if a company has reached an agreement with workers but this can be done if both want to accept bitcoin as a legal tender for both of them but not for the public because it has not received legal recognition from several countries so this needs to be reviewed for a long period of time

[mindrust]

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.

Not all zoomers have credit cards and yet most of them are exposed to crypto. If you want to business with this new generation which don't use credit cards, you have to accept crypto. Businesses shouldn't necessarily think bitcoin/crypto as an investment. They can take crypto and convert it to FIAT, stocks or whatever they want immediately. Accepting crypto is just about collecting more money, having more customers.

[Wipeout2097]

This is often reason crypto legal adoption is fundamental for each nation to create less demanding life to the common poeple,It will offer assistance to boost income of the trade and unused new businesses will diminish the unemployment of the nation and it is postive marker of the economy.May be it difficult on introductory premise but individuals will receive it effectively and continually pay with crypto,It offer assistance to dont hold up for open of bank to pull back cash but pay from crypto wallet any time without any jump. I accept that nowadays there were numerous trade foundations and new companies that was willing to include a few crypto installment strategy on their installment frameworks but still no positive reaction from the government side.

[Momoamzad]

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.

But this is also true it can give u stress in bearish moments. Both impact have to carryout in  business. But at the same time it is also a great method because of its security and easy process .and also save time .  I think everything is positive in adopting btc/crypto currency in business except maintenance of bearish time .

[RILWAN]

Also bear in mind that if the company is using a 3rd party due to not having their node, then there’s no decentralization in that. That aside, companies accepting Bitcoin as a payment system will ease the burden of charges and easy tracking of transactions

Before any company will accept Bitcoin as payment on their system, they, first of all, develop the payment gateway software that eradicates the services of middlemen, it will be informed of scan and pay system or POS using cards such as the binance card.

[Fredomago]

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.

But this is also true it can give u stress in bearish moments. Both impact have to carryout in  business. But at the same time it is also a great method because of its security and easy process .and also save time .  I think everything is positive in adopting btc/crypto currency in business except maintenance of bearish time .

The possibilities of getting stress even you set your system to keep synchronizing with the current market, we don't know how the market will move in the following days, if you are a small time business owner this kind of volatility will affect you in terms of short-term impacts. But by doing your good research and capabilities in taking that risk, the chance of making good money is also possible.

It's just a matter of how good you are in dealing with your research. The more you engage your business to adopt, the more that you will enjoy the benefits.

[Dump3er]

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.

But this is also true it can give u stress in bearish moments. Both impact have to carryout in  business. But at the same time it is also a great method because of its security and easy process .and also save time .  I think everything is positive in adopting btc/crypto currency in business except maintenance of bearish time .

The possibilities of getting stress even you set your system to keep synchronizing with the current market, we don't know how the market will move in the following days, if you are a small time business owner this kind of volatility will affect you in terms of short-term impacts. But by doing your good research and capabilities in taking that risk, the chance of making good money is also possible.

It's just a matter of how good you are in dealing with your research. The more you engage your business to adopt, the more that you will enjoy the benefits.

But we also had flash crashes in the past that were so intense that no level of research in the world could have saved you from that. If you seamlessly convert that crypto into fiat I think it could be a good move to add that option to a customer's choices for payment. If we get to the point where we can pay with crypto in almost any country, it might turn out to be a comfortable option how people choose to carry their money with them and how to use it without having to go through expensive exchange transactions before.

[Henrobakkara]

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 if the price goes down? We all understand that Businesses or organizations need money to make everything move smoother in that organization and even though sometimes the price of Bitcoin can continue to go up, at the same time we also know the reverse can be the case and this means that these businesses might be losing capital in this case unless the price for their commodity or service will fluctuate in BTC based on market volatility.

[Ebede]

Considering how easy and efficient it is to use bitcoin, this is a good idea. The use of bitcoin as a means of payment for companies can cut the flow of the bureaucratic system that sometimes takes a lot of time, complicated processes and costs that are a lot different from the use of bitcoin which is more concise and transparent.

Is only companies that can mainly accept cryptocurrency for exchange of payment for countries that is not well known, bitcoin now becoming know to people and almost every one like bitcoin not all will accept payment with bitcoin because some is still afraid of bitcoin till date

[Wiwo]

Considering how easy and efficient it is to use bitcoin, this is a good idea. The use of bitcoin as a means of payment for companies can cut the flow of the bureaucratic system that sometimes takes a lot of time, complicated processes and costs that are a lot different from the use of bitcoin which is more concise and transparent.

Is only companies that can mainly accept cryptocurrency for exchange of payment for countries that is not well known, bitcoin now becoming know to people and almost every one like bitcoin not all will accept payment with bitcoin because some is still afraid of bitcoin to date

This is why many companies are diverting their attention to Bitcoin payment software development that will help their company payment system, while some other small companies are afraid of accepting Bitcoin payment because of its volatile nature.

[AakZaki]

This is often reason crypto legal adoption is fundamental for each nation to create less demanding life to the common poeple,It will offer assistance to boost income of the trade and unused new businesses will diminish the unemployment of the nation and it is postive marker of the economy.May be it difficult on introductory premise but individuals will receive it effectively and continually pay with crypto,It offer assistance to dont hold up for open of bank to pull back cash but pay from crypto wallet any time without any jump. I accept that nowadays there were numerous trade foundations and new companies that was willing to include a few crypto installment strategy on their installment frameworks but still no positive reaction from the government side.

Unfortunately, many countries do not want to open up to see bitcoin technology. Instead, they consider bitcoin to be a threat to their country's money. Even China after shutting down all crypto activities they are making their own digital money. Because of their digital money they can control and supervise.

But it is indeed a number of companies that have opened themselves to accept crypto as payment. I think it happens because owners or business owners believe in the future of crypto. In addition, the cooperation certainly provides benefits for both.