Is it good to accept crypto as a payment?

[lizarder]

I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.

If it was me then clearly would say "Bitcoin". Crypto is still very common and you have to learn to say clearly what form of payment is required if you want to accept it.

You have to pay attention to the level of sanity of buyers in your area, because if someone says they want to accept payments in bitcoin, but this is new in their area and not yet accepted, then the form is more to limit customers and the pattern you are doing will make your business decline. Business man people must be smart to see opportunities and we must be able to put something in its place, so that forcing them to accept is tantamount to sacrificing the business you run.

Are you guys accepting crypto payments for your business?

I also have a clothing store business in the area where I live, but so far I haven't implemented payment using bitcoin, because there are still many considerations that keep me from opening opportunities for payment using bitcoin and if one day I start doing it, the only thing I receive is bitcoin.

If you intend to accept crypto payments in your business preferably in the form of bitcoins, because historically bitcoin was more reliable as a safe hedge of assets in the long term and will one day benefit you.
Note: If you push something out of place, it's not going to give you an advantage but trying to put it at risk. Bitcoin is good to invest in, but not necessarily convertable in business in certain areas. If you understand what I want to convey.

[Fara Chan]

I do not have a business, but I make sure that I support the businesses that does accept it. This is very important, because if the consumers does not do that. these businesses will stop accepting Bitcoin as a payment option.

The use of cryptocurrency in a company will be disseminated through increasing adoption in each company, this can be ensured when they do it I think the payment options or salaries of people in the company will receive it in Crtpyocurrency currency, especially here we talk about Bitcoin, here not only those of you who support the power of Bitcoin payment options in every company, we are there to support this, but it's only a matter of time.

So for this reason I have accepted that my company can pay me a small percentage of my salary in Bitcoin and I take that are spend it on food at local merchants that accepts Bitcoin as payment option. 

Most of the people who join cryptocurrencies either in forums or so on and especially for those who hold Bitcoin assets, want these payment options to be used in place, you are one of the lucky ones to be able to use them in payments for purchases at local merchants, I think this become an alternative to Bitcoin, and as a multifunction of its own Bitcoin.

[blockman]

Whether we've got businesses or none, as an individual I'd love to have more transactions in bitcoin as payments. And if I see merchants and business establishments that have that logo of what's accepted there. I'm getting there as long as it's close to my area and purchasing stuff there and paying them with bitcoin. It's a way to interact and support not just those businesses that I know who are also in bitcoin but that's helping the economy that we're in.

[ShowOff]

I also have a clothing store business in the area where I live, but so far I haven't implemented payment using bitcoin, because there are still many considerations that keep me from opening opportunities for payment using bitcoin and if one day I start doing it, the only thing I receive is bitcoin.

I think the regulations just have prevented you from adopting for more than any other reason.

If you intend to accept crypto payments in your business preferably in the form of bitcoins, because historically bitcoin was more reliable as a safe hedge of assets in the long term and will one day benefit you.

When you start accepting bitcoin in your business, it means that you have made bitcoin your currency. You no longer need to think about volatility and its future potential in terms of price, because you have to convert back to fiat to keep your business going. You can keep your profits in bitcoin while you can withdraw your capital and supply your merchandise again.

[Agbe]

I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.

Are you guys accepting crypto payments for your business?

Accepting cryptocurrency (bitcoin) depends on the country and the environment which the business is operating. If the country government against bitcoin and you are publically accepting bitcoin, if the government agencies or enemy neighbours report you the agencies, you might be arrested. And if the area of the business is not favourable, that is the people that know bitcoin are few or none then you cannot accept bitcoin. In my locality since when I started my banking agent business and in billboard I stated clearly that I accept bitcoin and for almost two years now I have not seen one person came there to do bitcoin transaction. So all depend on the environment or the location.

[freedomgo]

Since I've known bitcoin, I think that's how long I've considered it good for adopted means of payment.
Maybe the problem is the regulations differ from country to country. I can't expect many shops or shopping centers in my country to adopt bitcoin as a means of payment, bitcoin is illegal as a legal currency here.

So in the end I can draw the conclusion that whether or not bitcoin is adopted as a means of payment depends only on how the government regulates it. If it is legal, then you can expect to benefit from adoption and increased demand at your services.

My country is not actually banning the use of bitcoin although it’s not completely accepted as an official currency. But if you decide to accept bitcoin payment in your business, you are free to do so. The government won’t have nothing to do about it. However, still most of the shops or stores here are majority accepting fiat payment, though some few ones are now slowly adopting bitcoin as a payment system.

[Hispo]

-snip-

Way bitcoin can be accepted can be different and each is valuable for some: not all entrepreneurs are huge or even big, some have small business which can be like yours and big business decisions could be not suitable for them unlike your experience. And for wide bitcoin adoption we need a majority of businesses to start to accept bitcoin, and each spot accepting bitcoin works for that, even if this spot is tiny.

Just trying to be honest and admit that someone like me accepting Bitcoin is very neglect-able in comparison, if tomorrow some franchise like MacDonald's started to accept it or some giant like Amazon started to do so, the impact would be out of discussion.