Pay for coffee with Bitcoin

[Agbe]

In a third-world African country, Nigeria operated by Female CEO.

What do you mean by Nigeria Operated by Female CEO? Is it Political presidential Office? Or Nigeria as an Organization? Please put me through to understand this your statement.

 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,

The regulation of bitcoin uses in the country was a Waterloo by the youths. That is the youth defeated government by neglecting the policy. Therefore, the policy became waterlose to the government. The law can't hold ground.

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.

Please I will want you to edit this part of your thread. You can't launched a bitcoin coffee shop in the month of December 2022 and while we are still in April 2022. It is not possible. Even animated fiction can not operate like that. I know that it is a mistake that you did and that is why I am telling you to edit it.

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[bocyaj]

It’s was welcome move by this person.If I own a shop,surely I will follow this strategy.Because only we need to promote the bitcoin,since we was being with it.This strategy was similar to the NFT.After the boom of NFT,many people get out of forum and crypto currency fields.It was a sad one.No trusted bounty for now.Most of them scamming hunters.This was good move from the owner.

[KennyR]

As cryptocurrency usage is regulated in specific countries it is possible to see stores accepting bitcoin in those countries in large scale compared to other countries of the world. In few countries there is heavy taxation, so if bitcoin is accepted then for every small transaction we need to pay heavy taxation.

[LUCKMCFLY]

Russia approved bitcoin as a form of money in order to hedge against the Russian ruble's depreciation and the Biden sanctions. What are your thoughts?

Putin is in favor of establishing bitcoin as a kind of money since he is threatening war and Biden's economic penalties will harm the ruble. He might still use bitcoin to transact in the global economy. I'd want to hear everyone's thoughts on this. Thanks for your response in advance

Russia has approved bitcoin as a form of money. This is good news for Bitcoin. Hopefully Gradually all countries will one day start giving importance to bitcoin.

What happens is that the btc must be accepted whether you like it or not, it is the only way that the money can enter the Russians well, the amount of sanctions and blockades that have been given to Russian citizens is simply enough to drive you crazy to any person, it is something that is very hard, if there is a technology like BTC, the smartest thing is to accept the technology and take advantage of it, at the moment Russia may be up against a rock and a hard place, but it has to find a way that its citizens have some normal life, as every human should have, the fact that their government wants to be at war does not mean that all of Russia wants war, and despite all the boycotts of Russian sites, the BTC would have a better privilege because its demand would increase, translating into a price increase due to high demand.

[Smack That Ace]

this is one of my dreams, which is to have a coffee shop that accepts payments with Bitcoin but what can I do, in my country Bitcoin is strictly prohibited as payment, business people who violate it will be penalized by the government and in the worst case scenario can be jailed. you are lucky enough to live in an area that is not so hard on Bitcoin, hope your business thrives.

Ohh, that was soo sad. It sometimes happens that the government is our enemy, blocking our desires and a better future. But as the use of Bitcoins is strictly prohibited, you'd better not try as surely the authorities will come to you and that can be possible to OP as well.
Maybe, if you can move to another country where Bitcoin is not prohibited and continue your dream otherwise, you will run your coffee shop accepting fiat money only.

Moving to another country is not necessary and will be quite difficult. I think he should continue his job of opening a coffee shop and paying in fiat, he can then convert the fiat to bitcoin at the end of the business day.
With the development getting stronger and stronger, in the future who knows one fine day the country where he lives will accept bitcoin and bitcoin legalizationand then he can fulfill his dream.

[Sir Legend]

A Nice thing if we can pay anything with bitcoin, but the thing that makes me still reluctant to pay with bitcoin or other crypto is expensive transaction fees, if the price of a cup of coffee is only $ 5 but we have to pay a transaction fee of $ 15 or 3x the price of coffee, I hope to be able to transaction bitcoin with low fees.

[Chato1977]

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

after 4 months of operation mate? did you gather enough Bitcoin paying costumer? because though your intention is good but this will depend on the people crypto users in your place, I'm afraid that there will be willing to pay coffee using their bitcoin in your country because they find this very valuable just to spend in a cup of coffee.

[Davidvictorson]

This is aimed at promoting Bitcoin adoption and, as a newbie member here, I wish to see your advice and suggestions.

This is fabulous. I believe the adoption of Bitcoin is two fold. One of which you are already doing. The other is the lobbying political leaders in the country. We really need them on your side if we are ever going to see a full fledged adoption. I hope you open more branches across the other states in the country. Cheers.

[Disruptivas]

For a few years I have been looking for establishments that accept Bitcoin and talking to these entrepreneurs to understand the adoption. I was the first customer of most of these places, either years ago or today. The situation appears to be the same elsewhere in the world.

My day is to focus on building communities, establishing your coffee shop as a ''crypto hub'', maybe doing some events if there's room for co-working and all sorts of activities that make people who REALLY CARE/LIVE DE CRYPTO felt at home.

I think the only people who are willing to spend in Bitcoin are those who receive in cryptocurrencies and will need to settle at one time or another. Otherwise, the incentive to liquidate is too low.

So, my tip is: attract hard users by promoting value to them in some way (events, parties, reunions etc)

[Xampeuu]

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

after 4 months of operation mate? did you gather enough Bitcoin paying costumer? because though your intention is good but this will depend on the people crypto users in your place, I'm afraid that there will be willing to pay coffee using their bitcoin in your country because they find this very valuable just to spend in a cup of coffee.

true, for now bitcoin is very valuable as a means of payment, because I believe in the minds of most people would want big profits by holding bitcoin. if so far many people have bought at your store with bitcoin, of course, the awareness of the people there is very high to restore bitcoin to its main function. and this can be used as an example, to realize the adoption of bitcoin on a large scale, because in Russia itself, it seems that it still insists on payments in rubles, in terms of a country with its fiat currency that is in trouble

[Stalker22]

I have only one question - is it worth spending bitcoin on this? In my opinion, now it is clearly not the best choice.

It depends entirely on what you consider Bitcoin to be. Have you ever heard of this phrase: "A Peer-to-Peer Electronic Cash System"? Yes, that's the title of Satoshi Nakamoto's Bitcoin Whitepaper written in 2008.

Is it a digital currency? Yes, it is. Is it a medium of exchange? Yes, it is. Is it a store of value? Yes, it can be under certain circumstances. It can also be a speculative asset. But that is not its primary function. The primary function of Bitcoin is to facilitate electronic transactions. If we stop using Bitcoin as a payment and transaction system, it has no purpose.

[Slimzeee]

For your country as you say. I wish you the best in business. A good and a brave one for that matter.
My concerns are, how do you intend keeping the government away since its said to be banned??
How do you intend pay regulate payment since price is never stable. Lets say the equivalent for 2$ was 0.00020BTC few hours ago and right now 2$ is 0.0001BTC.. How do you intend to handle that since we’re all humans and humans are difficult to handle..

[yohananaomi]

For your country as you say. I wish you the best in business. A good and a brave one for that matter.
My concerns are, how do you intend keeping the government away since its said to be banned??
How do you intend pay regulate payment since price is never stable. Lets say the equivalent for 2$ was 0.00020BTC few hours ago and right now 2$ is 0.0001BTC.. How do you intend to handle that since we’re all humans and humans are difficult to handle..

of course something good, with the aim of all introducing bitcoin to beginners or at least providing an opportunity for those who are not familiar with bitcoin so they can get to know them better. but like what you said @Slimzeee that every time bitcoin will continue to move because the price is indeed unstable, so it is certain that price differences will continue to occur, and of course there are good and negative sides that will happen.

if I see it, payment with bitcoin for small-scale transactions, is clearly not practical and will actually be detrimental to those who pay for it. if it is not effective for payment for just coffee or snacks, it is more useful if it is for large-scale payments. now a lot of digital money has been used and I think it's better to use it, or fiat is more practical.

[Anguwa]

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

That's a fantastic and innovative idea, and it will go a long way toward convincing people to believe in Bitcoin and cryptocurrencies in general. Nigeria is a country where the government has yet to legalize Bitcoin and cryptocurrency, therefore this proposal will instill a love of Bitcoin in many people's minds, because residents prefer to see things in action, so once they witness this, more people will adopt BTC and cryptocurrency.

[SpenserReed]

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.

Maybe you should accept not only Bitcoin?

[taufik123]

-snip-.Payments using Bitcoin are also actually much easier and faster than fiat and don't take up space to store them.

Much faster may not be fully implemented. The best speed for sending bitcoins is using the Lightning network and this network is continuously being developed to make it easier and faster to send bitcoins.
Currently Fiat is also available in digital and faster in sending transactions. Fiat remains an irreplaceable competitor, but bitcoin may still be on par with Fiat today.

Even Eccommerce that specifically provides a payment platform via bitcoin or cryptocurrency is already available and you just need to apply it to the business you use like the coffee shop the OP talked about and it's very easy to implement.

[Rana590]

I think the world is getting used to paying with bitcoin. Especially after the Russia-Ukraine war, the importance of bitcoin was understood again. Decentralized and uncontrollable money is very valuable.

Most of the people trust and love the feature of decentralization. Bitcoin has many uses and people are familiar with it. It can be a large payment gateway all over the world and currently, it is using to pay online and offline store.

[Ryu_Ar1]

A Nice thing if we can pay anything with bitcoin, but the thing that makes me still reluctant to pay with bitcoin or other crypto is expensive transaction fees, if the price of a cup of coffee is only $ 5 but we have to pay a transaction fee of $ 15 or 3x the price of coffee, I hope to be able to transaction bitcoin with low fees.

maybe when this happens of course there is something that can be used as a balance there because it will be very loss if something like that happens and I'm pretty sure almost everyone is reluctant to do that because the fee is more expensive than the price bought
But indeed this might be a little bit hampered and quite difficult to happen in all countries because indeed things like this are difficult to realize, especially in countries that still uphold fiat

[Zlantann]

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

Your bitcoin promotion strategy is innovative and I acknowledge your creativity. But you must ensure your coffee shop give quality services. Make sure your serve good coffee brands this would help in attracting more customers. The shop should also be decorated with bitcoin arts. I hope you understand that your coffee shop would for now attract only customers that are familiar with bitcoin, hence you can also use other mediums to sensitive the public about bitcoin. A free coffee bitcoin seminar in you shop would be nice. Also encourage your customers to come with friends and family members.

[Mauser]

Nice to see you opened a coffee shop for crypto users in Nigeria, hopefully everything is going well and you make a little profit. It's good to hear that there is more and more demand around the world  for such business.  If Abuja wasn't so far away from me, I would definitely stop by for a coffee  , but would probably not pay with Bitcoins. At the moment I am still trying to rebuild my crypto portfolio, so paying anything for in bitcoins or other cryptos is counterproductive. It is important for any crypto coffee shop to accept a wide range of currencies, that makes it easier for the customer to pay in whatever is best for them. It would be nice also to maybe once a month make a get together for all the other crypto investors, that could come to your coffee shop and sit down and talk about new trends.