Pay for coffee with Bitcoin

[Joshapat]

The thing that is fun because it can use Bitcoin directly, of course this is a good idea and makes more and more active users do not need to divert anymore to Fiat, I hope that more outlets and restaurants can receive bitcoin so that direct adoption will make many benefits.

[lixer]

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.

Yup to accept bitcoin to our service is innovative because bitcoin is a new form of money and it is fantastic because it is fast, digital and anonymous. When people tried to use btc, pretty sure they going to like it and will never go back on using a fiat again.

I know that the reason why some people don't use btc is because they are scared or not really familiar with it but the idea of the op can give people confidence and the op can educate people too or provide some demo on how btc works. It's a nice initiative and I hope many business owners are going to follow it. I am always looking forward to use my btc even just buying cup of coffee but sadly there are no such shops yet in my town .

[fortuner]

The thing that is fun because it can use Bitcoin directly, of course this is a good idea and makes more and more active users do not need to divert anymore to Fiat, I hope that more outlets and restaurants can receive bitcoin so that direct adoption will make many benefits.

On the other hand maybe we are very happy because they are able to get paid bitcoin directly but what if the government knows our work scenario, what will the government do whether the government continues to give us permission or they take the decision to apply taxes.

[TheGreatPython]

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..

For the part of making payment, I don’t think that’s really much of a problem, because anyone that’s making payment will always make the same amount in fiat, but it will always differ in BTC. Whatever the value BTC is worth at the moment will always be converted to dollar and the customer will make that payment. And this is not even something that she will worry about, as it’s automatically being done in the wallet.So there’s no need to stress about this one.

The issue here is how she would deal with the regulation part and I have seen comments that it (Bitcoin) is not legal in the country.

[Ryu_Ar1]

The thing that is fun because it can use Bitcoin directly, of course this is a good idea and makes more and more active users do not need to divert anymore to Fiat, I hope that more outlets and restaurants can receive bitcoin so that direct adoption will make many benefits.

That is indeed quite good but the problem is when we say payment via bitcoin then indeed we also have to look at transaction fees there because it will be very difficult for example if we really want to pay for something like the coffee the OP mentioned at a price that is quite cheap but the transaction fee is quite expensive to make it seem -as if paying a fee for free coffee

[CryptoHeadlineNews]

 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

That is actually the best move i have ever had for a very long time, most especially from a lady from a country like Nigeria whose hate for crypto by its government may tend to demoralize certain citizens who aren't buoyant enough to understand how the crypto space work.
Nigerians has always been one of the top users of crypto not until the official ban of crypto by CBN, which made some people not to have access to crypto for that brief period and suddenly few months later, most top exchanges integrated the crypto p2p which i love so much as it makes us anonymous to bypass our country's crypto ban, and my best platforms has always been Binance and remitano, as you can buy bitcoin in seconds, and they also have a super active customer care ready at all times to resolve your issues.
So no matter what CBN trys to do, they can never stop Nigerians from taking part in crypto, because the country itself is hard and the government is doing nothing about it,  but rather trying to block the only means if survival for many of our Nigerian youths.

[UmerIdrees]

The thing that is fun because it can use Bitcoin directly, of course this is a good idea and makes more and more active users do not need to divert anymore to Fiat, I hope that more outlets and restaurants can receive bitcoin so that direct adoption will make many benefits.

New innovative ideas usually bring more money and I am sure that this shop of coffee which allows bitcoin payment will attract many more customers as compared to the ordinary shops.
Do we have some stats as to how many people regularly buy coffee with bitcoin through this shop?

[Alisha-k]

Crypto is not legalized in Nigeria every crypto investor is operating at their own risk. Bitcoin and other crypto curriencies were outrightly banned in Nigeria. Although Nigeria is a lawless country where laws are only made for the masses and the poor and not for the high classed citizens. Paying with bitcoin is only done on exchanges and you dare not include any information related to bitcoin or crypto currency in your transaction else your account stands to be frozen. It's risky doing crypto transaction in this part of Africa

[LUCKMCFLY]

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.

I agree with your statement, as long as you can pay with BTC you can state that anything that is defined with BTC has:

1.-Associate Fee
2.-TX that can be tracked.
3.-In a business it is likely that they require your data.

If we are people who love anonymity, privacy, I would refrain from paying with BTC.

This is something that we can all have in context because when we operate in complete security we have to take these things into account, and if we can avoid being tracked, it is much better.

[AjithBtc]

The thing that is fun because it can use Bitcoin directly, of course this is a good idea and makes more and more active users do not need to divert anymore to Fiat, I hope that more outlets and restaurants can receive bitcoin so that direct adoption will make many benefits.

New innovative ideas usually bring more money and I am sure that this shop of coffee which allows bitcoin payment will attract many more customers as compared to the ordinary shops.
Do we have some stats as to how many people regularly buy coffee with bitcoin through this shop?

This is true, but the same won't happen everytime. Just think of bitcoin as a mode of payment. It requires certain amount as transaction charge. People will think is it necessary to spend in such a way for a coffee when there is possibility to spend for the product and not for the transaction. As in the above quote, users who prefer anonymity could prefer it.

[dezoel]

Oh really? That’s cool. I saw a post in this forum before from someone who is living in Nigeria claiming that Bitcoin was banned in Nigeria for some reason, I think because of a protest and the poster even said his account was locked for buying and selling bitcoin.

If you’re ale to operate a coffee shop that is accepting Bitcoin in the same country then I am guessing that cryptocurrency is now a legal asset in the country? That would be really good, because a lot of people who would be coming there are likely not going to know about Bitcoin, so it’s going to help in spreading the word.

[RILWAN]

The success of your business will depend on the general adoption of Bitcoin and how customers will be ready to pay with Bitcoin if cheaper and faster than using fiat since you accept both.

[kotajikikox]

The success of your business will depend on the general adoption of Bitcoin and how customers will be ready to pay with Bitcoin if cheaper and faster than using fiat since you accept both.

But the problem is? are we really willing to pay for coffee using bitcoin ? i will be truth here and the answer i? nope I  will never consider my Bitcoin to remain in my wallet than to spend in using for coffee.
I trust bitcoin to stay longer in my position because i know that i will make more money in holding than using this just for small things.

[Ebede]

Crypto is not legalized in Nigeria every crypto investor is operating at their own risk. Bitcoin and other crypto curriencies were outrightly banned in Nigeria. Although Nigeria is a lawless country where laws are only made for the masses and the poor and not for the high classed citizens. Paying with bitcoin is only done on exchanges and you dare not include any information related to bitcoin or crypto currency in your transaction else your account stands to be frozen. It's risky doing crypto transaction in this part of Africa

No country that will come and say that Bitcoin is legalize for their country fully, but in Nigeria were bitcoin is not legalize you can buy bitcoins with your bank details and you can sell your bitcoin to someone you are interested to sell your bitcoin to, bitcoin exist in Nigeria i dont know if you want to government to announce it before you go know that Bitcoin is legal since everybody is using bitcoin is not legalize

[RILWAN]

The success of your business will depend on the general adoption of Bitcoin and how customers will be ready to pay with Bitcoin if cheaper and faster than using fiat since you accept both.

But the problem is? are we really willing to pay for coffee using bitcoin ? i will be truth here and the answer i? nope I  will never consider my Bitcoin to remain in my wallet than to spend in using for coffee.
I trust bitcoin to stay longer in my position because i know that i will make more money in holding than using this just for small things.

Yeah I better reserve my Bitcoin and make use of faint currency is the need be since Bitcoin worth more than just spending it on a cup of coffee, in other news Bitcoin adoption is a good move that can improve the general perspective.

[Asiska02]

Your statistics on the people using bitcoin in Nigeria is very correct. Even with the government regulations on stopping banks from involving in bitcoin transaction, the youths still see it as a means of survival and making transactions and payment easier. Using it to pay for a coffee, how safe is it for you with the laws surrounding the use of bitcoin in the country?

[xSkylarx]

The success of your business will depend on the general adoption of Bitcoin and how customers will be ready to pay with Bitcoin if cheaper and faster than using fiat since you accept both.

But the problem is? are we really willing to pay for coffee using bitcoin ? i will be truth here and the answer i? nope I  will never consider my Bitcoin to remain in my wallet than to spend in using for coffee.
I trust bitcoin to stay longer in my position because i know that i will make more money in holding than using this just for small things.

Yeah I better reserve my Bitcoin and make use of faint currency is the need be since Bitcoin worth more than just spending it on a cup of coffee, in other news Bitcoin adoption is a good move that can improve the general perspective.

Lol, I don't understand your point because paying a cofee with bitcoin is not a bad thing, and it should only be fiat because btc is only for investment purposes.Lol, this is why Bitcoin was created in the first place; you haven't considered a broader application of this because it means that a broader adoption of this is imminent, as well as the future, in which only digital payments will be accepted.

[Nrcewker]

The thing that is fun because it can use Bitcoin directly, of course this is a good idea and makes more and more active users do not need to divert anymore to Fiat, I hope that more outlets and restaurants can receive bitcoin so that direct adoption will make many benefits.

It’s really a great initiative to make more people into crypto.
But the fact is that, in Nigeria Bitcoins are not legalised, so OP will surely don’t have enough payments from Bitcoins i guess.
Also accepting Bitcoins openly in front of the government and not paying any tax also be harmful for both the OP and the coffee shop.
Moreover I would say it’s great to see that the OP has taken the great decision by accepting Bitcoins as one of their payment methods.
It would be great if OP could share the stats, like how much sales he has made through cryptos and whether he is using blockchain or Lightening network?

[NdaMk]

It's great innovation seeing people getting involve in case crypto related business here in Nigeria considering the blackish it has been painted by our government. But no matter our great I see the work I still feel it's kind of risk getting publicly involved in cryptocurrency here in Nigeria. And for people paying through BTC, wouldn't the current ban also scare people off in getting involve since they don't know who is in charge. Some might consider paying with FIAT. I think the first thing to do now is to have a larger community of Bitcoin enthusiasts just like us either creating awareness through social media and then afterwards you can consider your plans again in getting into the business. But it's a great innovation though. Thumbs up

[bitterguy28]

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

How I am longing to have this in my Place , as I love having coffee in starbucks yet they are not accepting Biitcoin or other cryptocurrencies to be as payment.
so If there is a coffee shot that like this here? surely every morning or at least in free time after lunch ? i will sip a Mug filled with Hot and Brewed coffee.
Thanks for sharing this here and I am looking forward for this to have in our Business center near here in office.