Pay for coffee with Bitcoin

[gantez]

It is good to hear that you accept bitcoin in your coffee shop but you don't expect that you are promoting bitcoin by doing that . Bitcoin already has it reach as decentralised cryptocurrency and will reach all places for adoption with the time going on. I do encourage you to have open intention to accept bitcoin which will be a hodling advantage to you. If the government has ban it you need to be careful because it will be crime if you get trace.

[randegibran]

right, in my country, I have not been able to process transactions using bitcoin because this was inseparable from before the adoption of bitcoin, so for now it is not possible to process transactions, but if the bitcoin production process has been carried out thoroughly in various countries then it is not impossible for bitcoin can be done as a legal medium of exchange in the transaction process

[titular]

I am curious if you are running your coffee stand using LN or just using on chain transactions. I cant imagine it being very convenient especially for a business to take on chain payments in regards to selling things in person. If you are using on-chain transactions, have you had any impatient customers waiting for the block to be validated? Obviously you don't have these issues if you are running some sort of lightning service.

[fiulpro]

Definately use the lightning network. That would make the payments easier and I think you should also remember that you need a bunch of people already committed to buying the coffee in Bitcoins. The payment system might now be adopted right away. At the same time it's better to scan and pay than give them the address since lot of them might make mistakes.
It needs to be very convenient and at the same time some people might need help, you might have to spend a lot with advertising as well for the begining since there aren't many Bitcoin based coffee shops therefore people might be curious also I have seen that Nigerians are quite interested in Bitcoins therefore this might run better than expected as well.

[TinaK]

Welcome here to the Bitcointalk community that all talks about crypto especially in bitcoin.
First, you should contact or seek a lawyer about that and know about how the status of bitcoin adoption in your country because I have heard somewhere else that your country Nigeria is very strict on bitcoin policy and when it comes to financial institutions.

Second is you should know how to set up and bitcoin wallet that accepts bitcoin which is support low fees. It must be accepting a lightning network so that it will reduce the fee. It should be a convenient way of processing the fee, QR codes maybe that is good enough.

[Wiwo]

I am curious if you are running your coffee stand using LN or just using on chain transactions. I cant imagine it being very convenient especially for a business to take on chain payments in regards to selling things in person. If you are using on-chain transactions, have you had any impatient customers waiting for the block to be validated? Obviously, you don't have these issues if you are running some sort of lightning service.

The ops have not replied to comments for a while now and many other members have asked similar questions but no answer, I will suggest the ops uses the bitcoin lightning network for faster transaction and low fees aside from LN payment with Bitcoin will still be stressful and costly.

[Xinarae*]

There is always a difference between you pay for a cryptocurrency which is the basis of cost and the market value when you spend it. This difference can trigger income capital gains tax which you have to pay along with other taxes such as sales tax. Bitcoin also needs to become legal in your country if bitcoin's transaction system is good its transaction will be easier like fiat's its transaction has not started yet so it will take time.

[SirLancelot]

There is always a difference between you pay for a cryptocurrency which is the basis of cost and the market value when you spend it. This difference can trigger income capital gains tax which you have to pay along with other taxes such as sales tax. Bitcoin also needs to become legal in your country if bitcoin's transaction system is good its transaction will be easier like fiat's its transaction has not started yet so it will take time.

In their country it is said that bitcoin regulation is flexible so btc is allowed but there are a strong warning about its risk and I think this can the reason why some people are afraid to use bitcoin on their country.

I think if btc is purely approved and supported by the government and wont say any negative thoughts with it, I think people on their country are also going to get motivated to use bitcoin just like on other countries, countries like El Salvador where they make btc as a legal tender and there are even bitcoin cities on them , this made the people confident on using bitcoin. OP could hope the same thing for their country but for now , he can accept other payment methods for his business.

[kotajikikox]

In a third-world African country, Nigeria operated by Female CEO. Hello, friends am from Nigeria a country where government regulation on cryptocurrency is flexible according to the law, the CBN which is the apex central bank warns against the risk involved in it and advise Nigeria to be careful, but Nigeria is one of the highest in terms of cryptocurrency adoption according to statistics. With the decentralized nature of Bitcoin that have Thousands of Nigeria Citizens who have knowledge of blockchain and digital currencies and have adopted it, In December 2022 I launched a campaign among crypto friends to adopt Bitcoin as a mode of payment in our venture and outlets, on 31st of January I open a Coffee shop and the Capital City Abuja for Bitcoin and none Bitcoin customers. This is aimed at promoting Bitcoin adoption and, as a newbie member here, I wish to see your advice and suggestions.

Thank Odusko

There is a similar Shop i come to read somewhere in forum that in His place (Province actually) is accepting Bitcoin also in coffee shop , this is a clear statement that adoption of bitcoin is really taking place.
and with all of those the most beneficiary is us who had been investing and circulating crypto specially bitcoin in our life.
How i want to see more of this and looking to Like 711 will accept Bitcoin and other major currency also in their stores worldwide .,

[lovesmayfamilis]

I also want to congratulate you on starting a business. A month doesn't mean anything. Make your product unique so that people are interested in paying with bitcoins. Now, everyone understands that buying small things with bitcoin is not a good idea, and you should accept these. But do not despair. What does it take to run a good business? Advertising. The name of the establishment. Talk about your coffee shop, make any discounts to attract customers. You need uniqueness for people to come to you.

[dataispower]

right, in my country, I have not been able to process transactions using bitcoin because this was inseparable from before the adoption of bitcoin, so for now it is not possible to process transactions, but if the bitcoin production process has been carried out thoroughly in various countries then it is not impossible for bitcoin can be done as a legal medium of exchange in the transaction process

Bitcoin is every where for all the countries except the local interior. People is making payments of bills now with bitcoin even some of the countries that does not accept Bitcoin as legal tender and always kicked against bitcoin, some payment of bitcoin is still going on in directly with out the awareness of government, see the thing we should talking is that it is hard before you see some one processed payment transaction with bitcoin legally but illegally before are doing that because bitcoin has reached to the level ground that people of all the countries is aware

[mia_houston]

I also want to congratulate you on starting a business. A month doesn't mean anything. Make your product unique so that people are interested in paying with bitcoins. Now, everyone understands that buying small things with bitcoin is not a good idea, and you should accept these. But do not despair. What does it take to run a good business? Advertising. The name of the establishment. Talk about your coffee shop, make any discounts to attract customers. You need uniqueness for people to come to you.

In business, of course, uniqueness can be an attraction and differentiator for consumers in buying a product, I think a coffee shop is a business that has been quite popular for a long time, but the OP dares to take the risk by making it a different business from other coffee shops that accept fiat money, of course there will be a few obstacles later for the OP in developing a business with a payment method that may not be common to ordinary people, but gradually I think the OP will be able to overcome it and make OP coffee shop develop in that country, and Maybe the OP can follow what coffee shop owners in thailand are doing, namely apart from accepting payments in Bitcoin, the OP can also educate their visitors by analyzing bitcoin market movements and I think that will be a plus for the coffee shop later.
https://www.google.com/amp/s/www.tronweekly.com/thailand-cafe-serves-crypto-advice-with-coffee/amp/

[Obito]

I also want to congratulate you on starting a business. A month doesn't mean anything. Make your product unique so that people are interested in paying with bitcoins. Now, everyone understands that buying small things with bitcoin is not a good idea, and you should accept these. But do not despair. What does it take to run a good business? Advertising. The name of the establishment. Talk about your coffee shop, make any discounts to attract customers. You need uniqueness for people to come to you.

That's going to be a challenge, a coffee that's different than any other coffee in the market, pretty sure that they're going to need to up their quality and taste if they want to compete in that market. Not to mention that they also have to consider improving their quality because it's going to have a bigger impact than just being able to accept bitcoin for payments.

[Odusko]

I also want to congratulate you on starting a business. A month doesn't mean anything. Make your product unique so that people are interested in paying with bitcoins. Now, everyone understands that buying small things with bitcoin is not a good idea, and you should accept these. But do not despair. What does it take to run a good business? Advertising. The name of the establishment. Talk about your coffee shop, make any discounts to attract customers. You need uniqueness for people to come to you.

I have put all this into consideration and my promotion is on top gear I have free coffee for every first-time customer that pays with Bitcoin for the first time, and also I use the LN network for faster transactions and low fees. Transaction fees change with the price for a coffee so the customer is not paying the fees.

[Mame89]

I salute the method applied by (OP). Accepting payment for coffee with bitcoin at the coffee shop as a way to introduce bitcoin in their environment, I'm sure it won't be easy, especially if people aren't used to it in that environment. Hopefully this marketing method can make the coffee shop more attractive and easier to identify thanks to the concept.

[skarais]

One of the major efforts to raise awareness of bitcoin's true function in society is with more adoption as a means of payment. But there are still quite a lot of countries that do not allow bitcoin as a means of payment because bitcoin is not a means of payment according to the laws of the country, including mine. Of course, this is a big obstacle for bitcoin to become a means of payment in various countries because the government cannot accept the decentralization of the currency circulating in the community.

When bitcoin is used for micropayments like buying coffee or just a pack of cigarettes, I just think of using LN better. Yes, that's great but still one can't do it all the time due to the limited adoption available. El Salvador will probably have more options that can be paid out with bitcoin, this will not be the same as other countries.

[Gamerholic]

I am sure that soon - in the next 5-10 years, the world community will fully realize that there is no alternative to the legalization of bitcoin and other cryptocurrencies, and I think in general they will allow us all to use them along with the rest of the "ordinary" money. Another thing is how the market will look by the time how many people have time to invest and lose capital before the market becomes resistant to all sorts of tweets from Twitter and so on. That's the main question I think. I think we can afford coffee.

[sarmrakib]

paying for coffee with bitcoin, whether you pay with blockchain or with LN, it sounds interesting, but we need to know that there are too many risks that we have to face, because the first problem may be because it involves the government, because the government can track all your transactions, I personally don't will do all that, I prefer to pay using fiat, because I prefer bitcoin as an investment, and will not use bitcoin to buy small things, but different depths of fish, different people have different ways of thinking.

Its true that btc is a asset and we can use it as a investment .However he was talking about that he is just starting to promote btc and crypto through his coffee shop to show the adaption on it .Its really appreciating that he is just trying to spread the knowledge of btc and crypto largely by opening a coffee shop though its a small business but he is trying ,what we are really doing from our own place ?What can government do just can regulate it but he is nothing doing illegally .I think he is the man example for us that how can we spread the knowledge from our own stand .I am just thanking him and inspire to do more creating works that really make attraction to the people to show the mass adaption .

[famososMuertos]

We live in a special moment with bitcoin, you have to take advantage of its simple idea P2P, come on! is not complex, so use any of the available technologies in case you want to be more attractive to different clients.

Depending on how formal your business is, the types of clients and of course the amount of the invoice to certain clients, they can be given the invoice in advance to manage their payment or have things like LN, "Binance" or simply a line payment credit to frequent customers in satoshi, capped at $20-$50. A client management program can work well here, implement a CRM or a simple spreadsheet.

But in any case, please! more enthusiastic like you are needed, thanks for this initiative, it is exciting to know that there are people anywhere in the world wanting to promote bitcoin.

[fuguebtc]

It is very nice and enjoyable. What could be more exciting news for Bitcoiners is that they can pay with bitcoin at all the shops if they want.
I welcome your initiative, I hope you will also promote your Bitcoin adoption in the media world so that it can go viral in all countries. Maybe seeing your initiative will create new entrepreneurs from neighboring countries who will play a role in bitcoin adoption.