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Author Topic: Reason why businesses should accept Bitcoin payment  (Read 1193 times)
Quidat
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December 04, 2021, 08:59:31 PM
 #221

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.
In most cases on which majority of countries does have the same perception or views towards bitcoin on which it is really treaten negatively which it isnt surprising because government doesnt really like its properties which it isnt really surprising.Businesses out there will neither do or do not accepts bitcoin because this would not only talks about regulation but also with volatility.

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December 04, 2021, 09:29:33 PM
 #222

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.
In most cases on which majority of countries does have the same perception or views towards bitcoin on which it is really treaten negatively which it isnt surprising because government doesnt really like its properties which it isnt really surprising.Businesses out there will neither do or do not accepts bitcoin because this would not only talks about regulation but also with volatility.
until when the countries in the world change the wrong perception about bitcoin for many of the same reasons we don't know that ... but when some countries start to open up to using bitcoin and crypto it may be one proof that bitcoin is not what they think.. ..
and with the volatility bitcoin will offer them an advantage not like money which is getting more and more inflationary

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December 05, 2021, 01:53:43 PM
 #223

maybe at this time it is very difficult to realize this, especially since the adoption of bitcoin has not been carried out widely by several countries in the world, but if bitcoin adoption has been carried out by several countries, it is not impossible that the payment of an investment that can use digital currency In this case.if payments using bitcoin occur in the future this will have a very good impact on the survival of bitcoin in a very long period of time and we can almost say it will be better than fiat if this is actually realized

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December 06, 2021, 06:56:28 AM
 #224

I think businesses should accept a bitcoin payment without any worries. Bitcoin is safer than a fiat currency in terms of getting counterfeited due to the use of blockchain technology. Bitcoin is more legitimate in terms of transparency than the regular currency. Besides, it provides the ultimate privacy by removing the interference of central authorities and useless intermediaries.
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December 06, 2021, 11:24:57 PM
 #225

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.
The business should accept bitcoin because it is fast, secure, decentralized, and acceptable worldwide. As a business, when you start accepting bitcoin there is no third-party company such as PayPal or Stripe. It is between you and your customers, where customers can make transactions directly to you without the middle man. Bitcoin provides more privacy and freedom to both businesses and their customers.

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December 06, 2021, 11:45:27 PM
 #226

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.
The business should accept bitcoin because it is fast, secure, decentralized, and acceptable worldwide. As a business, when you start accepting bitcoin there is no third-party company such as PayPal or Stripe. It is between you and your customers, where customers can make transactions directly to you without the middle man. Bitcoin provides more privacy and freedom to both businesses and their customers.
But thing about;

1. Regulation
2. Volatility

Business owner doesnt really like to have decreased profits on the profits that they had made and they would be seeing
this volatility to be a big problem and they dont like that thats why most of them doesnt really recognized nor tend to do so.
Some are still in observation mode or still in neutral.

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December 09, 2021, 01:07:40 PM
 #227

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.

The fact that some countries are against crypto/Blockchain tech as a whole, makes many businesses wary of accepting the "new kind of money" as payment method. They're afraid of getting penalized by the government by doing this. Not only that but volatility is one of the many reasons why businesses are skeptical about Bitcoin and other cryptocurrencies on the market.

The pioneer cryptocurrency (BTC) has enjoyed mainstream support from certain businesses, but Fiat is still "king" when it comes to making payments on a daily basis. Most businesses are with Fiat, despite the numerous benefits crypto/Blockchain tech provides. This won't change anytime soon, because of the reasons mentioned before. I wouldn't worry about this as long as Bitcoin remains as an alternative payment system for those who need it the most. Just my thoughts Grin

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Chato1977
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December 10, 2021, 02:21:33 AM
 #228

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.
The business should accept bitcoin because it is fast, secure, decentralized, and acceptable worldwide. As a business, when you start accepting bitcoin there is no third-party company such as PayPal or Stripe. It is between you and your customers, where customers can make transactions directly to you without the middle man. Bitcoin provides more privacy and freedom to both businesses and their customers.
But thing about;

1. Regulation
2. Volatility

Business owner doesnt really like to have decreased profits on the profits that they had made and they would be seeing
this volatility to be a big problem and they dont like that thats why most of them doesnt really recognized nor tend to do so.
Some are still in observation mode or still in neutral.
you forgot to mentioned security mate in which one of the concern of business owner is the safeties of their coins from hacking and scam in which the most problem from the past and the reason why many denies this to use as of the concern of losing their funds just like that.

but indeed that volatility and regulation is the main reason why they are still hesitating to adopt bitcoin int heir businesses .
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