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Author Topic: A clothing apparel store in my home city accepting BTC payments  (Read 202 times)
cheezcarls (OP)
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August 07, 2023, 09:46:46 AM
Merited by tbct_mt2 (1)
 #1

It looks like the BTC adoption is starting to increase here in my home city apart from my sister's restobar and other small food establishments.

A clothing apparel store is accepting BTC payments for buying their stuff via Coinpayments.





Image credits to official Louise & Louise Facebook page

I can see that by continuing education and awareness about Bitcoin and crypto in local cities like mine, adoption is more likely to happen no matter how long will it take.

Slow progress is better than none at all.

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tbct_mt2
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August 07, 2023, 10:20:43 AM
 #2

A clothing apparel store is accepting BTC payments for buying their stuff via Coinpayments.
Coinpayments is a big brand and it is great and safe to partner with them for payments. Their security is good but service fee for Coinpayments is not cheap but generally, it is a good choice from that local store.

They prioritized security and safety for their business and their customers and it will help to build up their store brand better. A longer they accept Bitcoin payment, a more customers who have bitcoin will use it at the store. With convenience of Bitcoin transactions, they potentially will have some new customers with Coinpayments and Bitcoin.
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August 07, 2023, 11:08:40 AM
Last edit: August 07, 2023, 11:20:04 AM by Z-tight
 #3

That is a good development for Bitcoiners living in your home city. If they want to spend some of their coins, they may visit this store to exchange it for some goods they may need. Is there any discount on payment using BTC? I ask because some businesses usually add a discount on payment in BTC for a certain period of time after adopting the payment method, this is to encourage people to make payments in BTC. Nevertheless, this is a good move for all parties, including BTC, it is not news of a big adoption, but this small steps are important.

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Ndabagi01
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August 07, 2023, 11:33:48 AM
 #4

I can see that by continuing education and awareness about Bitcoin and crypto in local cities like mine, adoption is more likely to happen no matter how long will it take.

Slow progress is better than none at all.

This new development in your city demonstrates the value of knowledge and awareness in society. In addition to accepting bitcoin, the store is raising bitcoin awareness among other customers that come to purchase with them. Customers will be curious to learn about the bitcoin payment method; by describing it to them, you've increased their awareness and they may choose to utilise that way for payment in the future.

That is a good development for Bitcoiners living in your home city. If they want to spend some of their coins, they may visit this store to exchange it for some goods they may need. Is there any discount on payment using BTC?

Some stores will not feel compelled to offer discounts, especially if they are located in an area where bitcoin usage is high. Giving them a discount may cause them to lose more money than they gain. Because of the discount, more customers will prefer to use bitcoin as payment where adoption is high. Although, it can still work in this location, but it shouldn't last long enough in that manner in order to keep the business running. Everything is dependent on advertising and marketing methods.

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August 07, 2023, 11:41:50 AM
 #5

Slow progress is better than none at all.
Few businesses accept Bitcoin in my area. This is because of government policies and a lack of Bitcoin awareness. But as people begin to know the benefits of using Bitcoin, adoption will increase gradually.

That is a good development for Bitcoiners living in your home city. If they want to spend some of their coins, they may visit this store to exchange it for some goods they may need. Is there any discount on payment using BTC? I ask because some businesses usually add a discount on payment in BTC for a certain period of time after adopting the payment method, this is to encourage people to make payments in BTC. Nevertheless, this is a good move for all parties, including BTC, it is not news of a big adoption, but this small steps are important.
This is a good move towards Bitcoin awareness and adoption. The main reason for the invention of Bitcoin is for it to be used as a currency for the payment of goods and services and I am glad this business is accomplishing it. Having alternative means of payment can attract more clients, especially from the Bitcoin community to the business. But the owner of the business should consider payment directly to a decentralized wallet instead of using centralized exchanges.



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August 07, 2023, 11:51:36 AM
 #6

This is a happy news for Bitcoin users in your city. Thank you shop owner for taking such a different decision. Clothing stores or other stores where bank cards are required for payment, this store in your city offers BTC payment facilities. The shop items are also very interesting to look at, the owner of this shop has created a great store with the attractive items along with the benefits of the bitcoin payment system. It would be really nice to buy certain products from that store in your city and transact through bitcoins. Hope you buy some products from that store in your city and pay for your products through BTC.

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August 07, 2023, 12:13:38 PM
 #7

That's awesome to hear about the BTC adoption in your city! It's like watching the seeds of digital currency take root and grow. Slow progress today might just lead to a crypto-friendly future.
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August 07, 2023, 12:23:15 PM
 #8

But the owner of the business should consider payment directly to a decentralized wallet instead of using centralized exchanges.
Take note that so many businesses that accept payment in BTC would rather use a payment processor than a self custody wallet because they want to convert it immediately to fiat, because they don't have any intention of holding their payments in BTC, especially because of volatility, another reason is that most businesses immediately put back the money they make into the business by buying more goods with it, if they hold their payments in BTC, and the price drops, they may not be able to sell it when they want to and it will affect their business.

I don't think the wallet a merchant uses is important, they only want to give people the opportunity to make their payment in BTC, which helps with adoption, while they can decide to either hold the BTC or use a payment processor to convert it immediately to fiat.

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August 07, 2023, 01:29:16 PM
 #9

We need more of these merchants.  We need to see Bitcoin being accepted as mode of payment in every corner of the street.  This does not only advertise Bitcoin but also promotes the use case of Bitcoin which is way more important than anything else.  If people get informed that Bitcoin can be use as payment in different store in our society, I believe it will encourage people to get a hold of some BTC and use them as a mode of payment for the goods they wanted to buy.

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August 07, 2023, 01:34:51 PM
 #10

It looks like the BTC adoption is starting to increase here in my home city apart from my sister's restobar and other small food establishments.

A clothing apparel store is accepting BTC payments for buying their stuff via Coinpayments.  

It's nice to see many businesses and startups incorporating bitcoin transactions and receiving payments from their customers in bitcoin, though this may sound nee to you probably you're having the opportunity of seing one of it kind for the first time but i can tell you that there are more than thousands of business establishments, organizations, institutions that accepts bitcoin as a means of payment, just as im case of your own experience here, bitcoin will be seen from another dimension for other people within your settings to begin it adoption seing this already turning a success.
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August 07, 2023, 02:26:10 PM
 #11

This is good news for your country, because this is a development that is one step ahead of other countries that do not allow payments with Bitcoins. Especially if the clothing store in your country is very well known in your country, of course other large stores will later follow in the footsteps of the clothing store to accept Bitcoin as their payment option as well.

I also hope that one day in my country there will be businesses or shops that can accept payments with Bitcoin. because so far in my country bitcoin is still prohibited as a means of payment, it can only be allowed to buy and sell. Trust me the benefits of bitcoin as a payment method over fiat are numerous such as lower fees, high security and fast processing.

R


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August 07, 2023, 03:38:18 PM
Merited by rachael9385 (1)
 #12

This is another means of promoting Bitcoin in that locality and also attracting customers to their market, as many people will like to try out the new payment method, which is different from their local bank transfer, card payment, and all of that.

One question that I will have to ask is this: is there any limit to the amount of purchase one needs to make in order to be able to use the Bitcoin payment option? I'm asking as the fee sometimes will be a little high compared to what the person is buying. Which could make it a little expensive for the buyer.

Is there any discount on payment using BTC? I ask because some businesses usually add a discount on payment in BTC for a certain period of time after adopting the payment method, this is to encourage people to make payments in BTC.

I guess this discount will definitely be given, but it will be limited, as both parties are going to be charged for the transaction, so maybe the shop can have a discount for anyone who will purchase up to a certain amount and at the same time is also willing to pay with Bitcoin, then the shop can give out a discount maybe up to 5%, which will also be another way of telling people to buy more, pay with Bitcoin, and get yourself some discounts. I see this kind of adoption as something that will help both sides.

R


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August 07, 2023, 05:18:10 PM
 #13

I feel happy to see that your home city has the awareness of bitcoin and have also started promoting it by accepting it for payment of goods. Is the person a member of this forum ? If no,you can introduce the person to this forum so that s/he can have more understanding and learn more on bitcoin.

Bitcoin was created to be used and not to hodli that is how I think that bitcoin adoption will increase rapidly. But if we hold on our bitcoin for long people might not be able to use it for transaction and this might kill the fast adoption. My reason is this for someone who don't know anything about bitcoin but if he goes to a store that accepts bitcoin, he can start asking question to know what kind of currency it is.

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August 07, 2023, 05:33:57 PM
 #14

More small stores accepting bitcoin could happen following the measure taken by the clothing apparel store. Everything requires a base and now it is laid on the city. This will let the common people analyse and know about bitcoin as well as interests other stores around to start accepting bitcoin into their businesses.

It looks like the clothing apparel store have got good brand value. Maybe in the shopper cover bitcoin acceptance can be printed along with the store name which would bring people who were in search of stores to spend bitcoin.

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August 07, 2023, 05:38:06 PM
 #15

That is really sweet picture on the internet right now. I don't want hear someone saying that it is just single store and what is big news in that or something like that because we have start somewhere and this is one of the little step amongst the giant leaps. I am more than happy to share this with my friends and colleagues because it is already making me feel more closer to the bitcoin acceptance. It would be no wonder to see the Bitcoin Accepted logo Or sticker getting pasted almost every other shop out there in let us say within a decade or something. We have come really far when Satoshi invented Bitcoin and shown us the new currency that can be used with free will in this world. I am not sure what was the internet reaction to this picture but I am sure Bitcoin Fan would never want to miss such epic entrance to a store while randomly shopping.  Wink
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August 07, 2023, 05:44:36 PM
 #16

It looks like the BTC adoption is starting to increase here in my home city apart from my sister's restobar and other small food establishments.

A clothing apparel store is accepting BTC payments for buying their stuff via Coinpayments.





Image credits to official Louise & Louise Facebook page

I can see that by continuing education and awareness about Bitcoin and crypto in local cities like mine, adoption is more likely to happen no matter how long will it take.

Slow progress is better than none at all.
Definitely a good thing to see despite of the issues present in this industry. Glad to know that there are still businesses who are considering the adoption of this technology regarding mode of payment. But to those who are still not into consideration, it is just fine. Not all people could take the risk of doing so 'coz they believe that the risk would also doubled afterwards. We saw nany stories having the same content but unfortunately not all businesses can manage to do that. Many have shown the same category but eventually ended up with a huge loss. The market price is volatile it imposes additional risk which pushes small businesses to cut their losses and to just continue witj the normal set up

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August 07, 2023, 05:59:48 PM
 #17

I feel happy to see that your home city has the awareness of bitcoin and have also started promoting it by accepting it for payment of goods. Is the person a member of this forum ? If no,you can introduce the person to this forum so that s/he can have more understanding and learn more on bitcoin.

Bitcoin was created to be used and not to hodli that is how I think that bitcoin adoption will increase rapidly. But if we hold on our bitcoin for long people might not be able to use it for transaction and this might kill the fast adoption. My reason is this for someone who don't know anything about bitcoin but if he goes to a store that accepts bitcoin, he can start asking question to know what kind of currency it is.
I also feel the same way, it's great to hear that a shop or merchant accepts Bitcoin as payment because it is proof that Bitcoin adoption and development continues.
And that's also what I did and only once, I used Bitcoin as payment for my wife's birth because at that time I had no cash because there was no time and also panicked in those circumstances.
and that time i also made this story a thread here because it was my first experience, and i did the question you asked, and i asked if you know this forum or bitcointalk and he did but he has another forum he believes. So I think those who are involved with Bitcoin have different interests because they have their own forums or other communities that can help them in terms of knowledge.

And yes, if shops or merchants can accept Bitcoin as payment, it will be a question of buyers about Bitcoin. And the seller must be able to explain it as well as possible so that those who don't know Bitcoin know it, especially the functions and benefits of Bitcoin and who knows might be interested.
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August 07, 2023, 06:21:38 PM
 #18

Job weldone OP, you have done well for this idea on the business, accepting Bitcoin in a business is also a good idea to spread the awareness of Bitcoin in the society, we are all have for this op and I am beginning to imagine the love you have for Bitcoin to accept it on the clothes store, now any body who haven't heard anything about Bitcoin can see this and join the Bitcoin community.

R


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August 07, 2023, 06:27:08 PM
 #19

A little progress is also progress, after all.

Did you yourself buy clothes here, paying with bitcoin, in order to stimulate and encourage this store in the initiative to accept bitcoin? This would be that very small contribution to the common cause of progress.

The sign "BITCOIN Accepted here" is too small and modest, as if the Louise & Louise store is embarrassed to openly and loudly declare it. BTC-tablet must be made proportionate to the brand name plate so that everyone can see it and this would be the very advertisement for bitcoi. If you visit this store again, please convey my wishes about the increase "BITCOIN Accepted here" to them. Smiley

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August 07, 2023, 06:44:25 PM
 #20

I think the adoption of bitcoin as a means of payment is indeed very good as the interest of its users increases. But I don't know how long the shop you are referring to has accepted bitcoin as a means of payment there, but then I started to be interested to see how interested visitors are in using bitcoin as a means of payment.

From the QR code attached, I found a wallet as a means of payment. Interestingly, not a single transaction has taken place on that wallet till the time I made this post. Then I can conclude that, shop customers are still very likely not getting the proper interest to use bitcoins as a means of payment, or maybe they are not aware and not well educated that bitcoins are a means of payment. So is adopting bitcoin there very effective, but of course bitcoin can be an alternative currency.

The wallet for the QR code in the image (if my code scanner is not mistaken):

Code:
39E4KaBydTrjawciThq6XmYQrgNipjhVW

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▄█▀       ▐█▌       ▀█▄
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████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
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..PLAY NOW..
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