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Author Topic: A clothing apparel store in my home city accepting BTC payments  (Read 192 times)
Aikidoka
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August 07, 2023, 07:24:37 PM
 #21

It's great to see that some stores like the one in your home city, are starting to accept Bitcoin as a payment method. I hope this trend spreads to my country as well since I haven't come across any shops here that accept crypto yet. It would be an excellent alternative for people who don't have a lot of money in fiat but still want to purchase some clothes they like, With the option to use their BTC for immediate payments, they can easily get what they desire.

I'm genuinely happy to witness this positive development regarding Bitcoin in your country. I hope to see such adoption in my country and in different places around the world soon!
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August 07, 2023, 08:48:13 PM
 #22

It is nice to see that the initiative of using BTC as payment option for businesses these days is becoming more common.
Tesla as a company initially started with this idea of using BTC as payment for their cars, until who knows what, they just stopped. Still, the management of the Tesla company are offering renewed hope to its potential customers that it might soon start accepting cryptocurrency or in this case BTC, as payments.

Other companies are also adopting this idea, as it saves them the cost of huge fees and taxes.
I don't really know the country you are from, but if you are from England, then it is likely you would see more businesses accepting cryptocurrency as payment options too, because following the recent regulation imposed on it by SEC, it is the only yardstick for which its citizens should transact or receive crypto payments.

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August 07, 2023, 08:59:19 PM
 #23

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.
Any news about acceptance and integration of Bitcoin payments would be always be that a positive thing although these merchants would really be sticking into those thirdparty merchants on which its never been that

shocking since they cant really just accept those coins directly on their own wallet but rather they would really be accepting which would directly be making out some conversion into fiat on which this is really just that a typical set up with those merchants that accepting Bitcoin or crypto payments on using up those platforms but well its still better yet recognition is really on the move or really shows that it is really that gaining traction now.
Just like been said that any news of recognition is always that positive and sooner or later years to come on which we would really be flooded out by lots of shops and business which would really be integrating or
recognizing crypto of Bitcoin payments which it is really that good to look at that we are really that progressing.

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August 08, 2023, 04:34:49 AM
 #24

Bitcoin may seem slow in your city, but it's gaining momentum thanks to businesses like your sister's restaurant and bar.

If Bitcoin becomes the norm, education and awareness campaigns would be crucial. Bitcoin's slow but steady development in popularity could be a sign of a healthy and expanding economy.

Slow progress was preferable to none at all. This may necessitate a gradual transition to cryptocurrencies. Its encouraging to witness steady economic expansion. In the long run, this might hurt the economy.


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August 08, 2023, 04:39:32 AM
 #25

Even if only one merchant adopts bitcoin as a payment method, it is really progress, no matter how small the business is. It is already good progress for Bitcoin, and even that business attracts more customers who are Bitcoin users. For sure, you are in a country where Bitcoin is legal, or in a gray area, which is why there are businesses accepting it there. In my area, like where I am living right now, I don't see any businesses accepting it, but in the metro area, it already exists, but we can't go there as it's too far from our place.
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August 08, 2023, 08:50:04 AM
 #26

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.

For your information, I am not the owner of this kind of business. I am just sharing others' businesses that are accepting Bitcoin as payment method.

To attract others though, they might need to do some kind of a limited time discount or promo for customers who wants to buy their stuff using Bitcoin.

Bitcoin may seem slow in your city, but it's gaining momentum thanks to businesses like your sister's restaurant and bar.

If Bitcoin becomes the norm, education and awareness campaigns would be crucial. Bitcoin's slow but steady development in popularity could be a sign of a healthy and expanding economy.

Slow progress was preferable to none at all. This may necessitate a gradual transition to cryptocurrencies. Its encouraging to witness steady economic expansion. In the long run, this might hurt the economy.



Slow is better than none yes! The turtle always wins the race. As long we are consistent to keep spreading the word about the real use cases of Bitcoin, we could see massive adoption in the coming years.

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August 08, 2023, 09:01:59 AM
 #27

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.

That's right, don't put too much emphasis on centralized or decentralized wallets if we use bitcoin as a means of payment and not as an investment. For businesses even if they accept bitcoin, they won't hold it for too long. At the end of the day, they will definitely exchange them for fiat to avoid unnecessary losses due to the volatility of bitcoin. Using a non-custodial wallet in this case doesn't help, on the contrary, we have to pay extra transaction fees to convert them to fiat at the end of the day.

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August 08, 2023, 09:10:19 AM
 #28

This is a great development and one that should be applauded, Bitcoin is indeed going places and i am always happy when i see new businesses accepting bitcoin payment, this is really commendable to be honest, i wish such a store was in my area, i did become their number one customer who did always walk in, buy stuffs and pay in bitcoin.

Well, its all good by the way, little by little, bitcoin will become a major currency that is accepted in every store, and by every business around the world, Adoption is not something that happens over night, for most new things, it sometimes takes even 100s of years, i am personally very happy that in just few years of bitcoin's existence, it has gained much love and acceptance from people around the world, even prominent and highly influencer people are now investing in bitcoin, that shows one thing, and that is that, bitcoin will one day become a dominant currency all over the world.

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