Businesses That Accept Bitcoin Attract New Customers and Sales

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I don't have a deep pocket but I tend to spend more with Bitcoin than when I am spending in fiat.  I do not know the reason behind but I think it is because BTC is not in currency denomination making me think that the thing I buy with BTC is somehow "free".

Interesting thought process. Would I be correct if I say that's because the funds (BTC) you use to purchase is coming from weekly payment (sig campaigns)? My question also comes from the assumption that it's a side income that's why you spend it with less restraint.

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[BitDane]

Business that accepts only dollars vs business that accepts dollars and euro and pounds would have a difference too. Lets assume you have an online shop, but you only accept paypal and nothing else, versus someone who would also offer credit card option on top of paypal, that would also have a better result.

This "adding crypto to your business is great" is not really a unique approach, adding more payment options will always be good, if you have just crypto, add paypal and credit card to it and you will get better too. That has always been like that, in any business, make it easier for the customer to buy, so that they do not have time to rethink and give up.

I agree, adding more option to pay make customer using those option to buy in your store.  There are times when we have items the customer needed but due to limited payment option, they move to other store.  For example, recently I bought some items through online store, I prefer cash on delivery (COD) but the store I usually buy the item remove that option so I don't have a choice but to look for another store that has COD on their payment option.

It would be the same to those who would like to pay in Bitcoin.  Accepting Bitcoin in a business really caters more sales and customers.

[so98nn]

I like the fact that you are convincing everyone for accepting the payment in bitcoin which is could and community is trying hard to achieve that level as well. However, there is one catch. Not every person is lucky enough to accept the payments or pay the payment in bitcoin based on the geolocation. Everything is different country to country considering the fact some governments have accepted the bitcoins with open arms while some of them are trying hard to get rid of bitcoins. I would be little on back foot if my government is asking to pay me 30% flat taxes on any crypto transactions. But those who doesn’t have such restrictions shall continue to accept the payments in bitcoin all the time.

[Davidvictorson]

You have an interesting argument based on the research study's findings. However, I would like to believe that the study's findings cannot be applied to undeveloped countries or places where using bitcoin or any cryptocurrency is prohibited for whatever reason. For instance, the outcome would be completely different if this research had been done in Nigeria. Apart from the government's ban on Bitcoin transactions, Bitcoin is mostly utilized in Nigeria as a store of value rather than as payment. Nigerians are accumulating as much bitcoin as they can rather than utilizing it to buy goods because they know it will shortly increase in value.