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Author Topic: Started accepting Bitcoin as a 4th means of payment in my noddles DEPOT  (Read 340 times)
inthelongrun
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August 24, 2022, 06:59:34 AM
 #21

It always fills me with joy every time I see and hear that more and more people are using bitcoin as their mode of payment. The main purpose of bitcoin is to be utilized in daily activities and not as an investment which is what really happened today. I can only hope that governments will not stop their people from doing what is beneficial to them and to their country's economy in general. That is why I am rooting for El Salvador's financial move to become a really huge success in the next few years to come. I am pretty sure that it will open the eyes of more world leaders to consider bitcoin as a legit non-inflationary currency. 

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August 24, 2022, 09:32:37 AM
 #22

Congrats man, that's truly a good adoption and you've got the initiative that you've made there. AFAIK, if it's about the payments with credit cards, you're also have to pay some sort of fee for the process, right? That doesn't really make sense specially if you're a businessman that's conscious with expenses and cost of your operation. I hope that many people in your area will be more curious and will start to pay you mostly with bitcoin. I wish all the best and success for your business, we need more businessman like you.



 

 

 

 

 

 


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August 24, 2022, 01:35:17 PM
 #23

These days I saw many platforms and people accepting bitcoin as a payment method for their business, I'm happy to see you are one of them and with you a good experience for your business because this can be a good step forward to accept a new payment method especially if it's bitcoin and cryptocurrency but the most exciting thing for me is your country, if I'm not wrong you are from Nigeria and other are many other investors and bitcoiners in Nigeria they like to use bitcoin as a payment method instead of the fiat currencies so you made a good decision to accept bitcoin, but I'm not sure how the government of your country is going to react when they understand you have some bitcoin and cryptocurrency-related transactions.

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August 24, 2022, 09:03:26 PM
 #24



Awesome.  Congratulations!  I hope that this continues to be a great experience for you and that you're able to keep some Bitcoin saved in the event we see another bubble.  You should think about making a proper thread to sell your noodles in the Goods section so that other users can support your business.  I remember someone doing this back in 2011 but they didn't stick with it.  Hopefully you can and are rewarded for doing so!

I am having a strong believe that In months to come I would be able to have more customers willing to pay in cryptocurrency. I have not thought of creating a thread in the Goods section but your post has urged me to do so and I am taking steps in doing so. Thank you sir.
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August 24, 2022, 10:24:52 PM
 #25

I decided to accept crypto as another means of payment in my noddles DEPOT.
  According to WINA (World Instant Noodles Association), Nigeria is ranked 12th largest consumer of instant noodles in the world with estimated annual demand of 1.79billion packets of noodles. Reports also put the number of Nigerians that consume noodles at 14million which is nearly 10% of population of Nigeria.

I placed a Notice outside my shop front stating "We are now accepting Bitcoin for payment".  

I am open 24/7 to receive your order, you can send DM and your order will be delivered.

I hope this is a good step I took?


This is actually a brilliant initiative and I am soo much happy you could promote Bitcoin in your own little way, because network challenges has always been one of the biggest problem when making transactions, of which I have had issues with it a couple of times, so I'm happy you accepting Bitcoin for payment as an "Indomie Noddles" vendor. I am a big fan of instant noodles, and it's been over 10yrs now, but never have I seen anyone accepting bitcoin for payment, because with this initiative now, more customers who haven't known how Bitcoin transaction is done will be eager to know and by so doing, getting them have interest in Bitcoin definitely at the end

R


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August 24, 2022, 10:41:10 PM
 #26

Well done OP, great bit of entrepreneurship by you. The idea is to make it easy for people
to spend their Bitcoin or FIAT in your shop. If you stick with it surely more and more people
will get to know they can spend their Bitcoin at your shop. No doubt there will be tough times
but if you persevere you will get stronger.

Its great to see merchants take the initiative to accept Bitcoin and to realise its potential
for many applications.

R


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August 26, 2022, 06:17:23 AM
 #27

We all knows the economic problems & situation over there in Nigeria so the best advice is to explore a methods to progress in business without being limited restricted in terms of payment and any forms of transactions and as a bitcoiner what you did was absolutely the right way to start accepting bitcoin. Though i would also advised to apply some security measures since vast people have the understand of bitcoin and may think you hold some thousands of bitcoin over there which could lead to attack or theft. Being mindful i mean is to secure your smartphone or whatever place the bitcoin and other digital currencies are being sent to.

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August 26, 2022, 06:22:45 AM
 #28



Awesome.  Congratulations!  I hope that this continues to be a great experience for you and that you're able to keep some Bitcoin saved in the event we see another bubble.  You should think about making a proper thread to sell your noodles in the Goods section so that other users can support your business.  I remember someone doing this back in 2011 but they didn't stick with it.  Hopefully you can and are rewarded for doing so!

I am having a strong believe that In months to come I would be able to have more customers willing to pay in cryptocurrency. I have not thought of creating a thread in the Goods section but your post has urged me to do so and I am taking steps in doing so. Thank you sir.
This is really a bold step from you, kudos to you bro, God bless our hustle, I believe that in coming years there will be lots of people who will also be using bitcoin as a means of payment for goods and services, this is also a good marketing strategy as it will draw more customers to you who will love to encourage you with the new payment options, I'm sure lots of people in your area will be happy about this option

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August 26, 2022, 10:16:15 AM
 #29

Great initiative there @OP, you have taken advantage of a cross-border payment system.  Now the customer has more reason to wine about the payment option.

"my customers seem not to be satisfied with these Three payment method, they always have few complain like"
now with the cryptocurrency option:
4.  Damn signal I can't get enough to make the transaction push thru.
5. Your free wifi connection is not fast enough /  the password is wrong

"the problems I have had with this payment method are:"
with cryptocurrency option:
5.  Now not only street thieves is after me, I also have to worry about several malicious apps and online hackers.

Kidding aside, what you have done is great!  Customers who have no knowledge about cryptocurrency will then be exposed, a good way to promote and advertise cryptocurrency payment.  I hope your decision of adding cryptocurrency payment will bring your business a huge boost.

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August 27, 2022, 11:06:06 AM
Last edit: September 11, 2022, 07:53:15 PM by Detritus
 #30

the problems I have had with this payment method are:"
with cryptocurrency option:
5.  Now not only street thieves is after me, I also have to worry about several malicious apps and online hackers.

Street thieves, you should be extremely careful and conscious of your shope location, I believe there are other shops around that area, make sure to "close" when your neighbors are closing or don't allow your self be last person to leave.
   Also you should have an special Office phone for your business instead of using your personal cell phone. If you have a special Office phone, you will not need to download any malicious app other than your working apps. You should mind the links you click and the emails you receive.
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