Bad market for businesses wey de accept bitcoin.

[Justbillywitt]

Op your concern is well noted, but make I tell you as a business you supposed alternative plans and strategies on how to transact your business with your customers. Because you whatever that is associated is prone to human errors but that doesn't mean that life will stop. Life has to go on. In the past we only had one alternative of carrying out business transactions which was the fiat system. Bitcoin came in and gave alternative means to the fiat system. So when there is a problem in the one one side the other option can be utilized. Nobody likes where he/she will spend high amount of money when there is another alternative where you will spend less at the moment. For example for our country here, watin Opay use attract many customers na zero or low cost of transaction for customers. I will advise you tell you clients to pay you the equivalent in local currency. But if you are scared that the Naira will lose it's value before the the high transaction cost for bitcoin network go reduce, I go come suggest you use the same amount you sell out and convert it to USD or USDT. By doing this you won't run any loss, and you can easily use the usd or usdt and buy bitcoin when the high cost is reduced. As a business man don't ever lose a customer because of one payment platform is experiencing little problem.

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[CryptopreneurBrainboss]

I don't like this one but you can also use bitcoin on other blockchain, I think bsc has one of the biggest liquidity of bitcoin. You can simply receive bitcoin token in large quantities and when you are done, send them to an exchange and then withdraw real bitcoin quick. Note that the bitcoin on other chain are not be hold, once you are done having them, send them to exchange where you can withdraw real bitcoin to your personal wallet address.

The suggestion no bad as e go help make confirmation faster since some blockchain get a very fast confirmation speed pass Bitcoin blockchain but why I no go advice make we use Bitcoin on other blockchain na say, you no dey promote the use of Bitcoin well to begin with and you dey exposed yourself and customers to the volatility of Altcoins as those Bitcoin wey dey those other Blockchain are basically altcoins. Scammers fit send you a different Bitcoin wey no dey the main smart contract of the real pegged Bitcoin and if you no dey very observant dem go scam you. Scammers will create multiple pegged Bitcoin that are fake and newbies wey no sabi wetin dey sup go fall victim.

But if you are scared that the Naira will lose it's value before the the high transaction cost for bitcoin network go reduce, I go come suggest you use the same amount you sell out and convert it to USD or USDT. By doing this you won't run any loss, and you can easily use the usd or usdt and buy bitcoin when the high cost is reduced. As a business man don't ever lose a customer because of one payment platform is experiencing little problem.

As you dey accept Bitcoin, you no go only accept Bitcoin na if you be wise business man. Altcoins are a part of the industry anyhow we like am or not so using some other altcoins when Bitcoin dey experience some downside no bad. You fit also accept stablecoin, usdt is one of the most traded stablecoin and you fit decide to accept am as the transaction fee no too cost and you fit get quick liquidity when you wan sell. Immediately Bitcoin network returns to normal, you fit begin to accept Bitcoin back. Just as you talk, e no wise to lose customers irrespective of the reasons as dat person fit discourage potential customers from patronizing you and na so more go dey go another place go buy something. Always put your customers need first so make dem comfortable at all times.

[Nwada001]

For business things they happen, no be very time person go they see gain from their business and some times too hard time to they for market either base on high cost for goods or means to get goods or means to make payment and when any of that one happen, the business owner they always they left with other means way them fit carry survive.

Nah so eh suppose be for business them way they accept bitcoin as payment option for their shop, now way the price and delay for transaction don be so, the only thing way they their now nah for person to change that payment method, even buyer self no go wan risk am to send the payment becuz both u and the buyer go wait tire to see the transaction confirm.

If you be person way still wan they save for bitcoin and you want make your business get bitcoin reserve problem also no they their, the thing way you need do nah to accept other crypto way they convince for you then when eh reach you carry your hand convert am to bitcoin eh go better that way, or better still go back to they use only our local currency for business for the main time, cuz fee cost pass goods this period.

[Makus]

I don't like this one but you can also use bitcoin on other blockchain, I think bsc has one of the biggest liquidity of bitcoin. You can simply receive bitcoin token in large quantities and when you are done, send them to an exchange and then withdraw real bitcoin quick. Note that the bitcoin on other chain are not be hold, once you are done having them, send them to exchange where you can withdraw real bitcoin to your personal wallet address.

The suggestion no bad as e go help make confirmation faster since some blockchain get a very fast confirmation speed pass Bitcoin blockchain but why I no go advice make we use Bitcoin on other blockchain na say, you no dey promote the use of Bitcoin well to begin with and you dey exposed yourself and customers to the volatility of Altcoins as those Bitcoin wey dey those other Blockchain are basically altcoins. Scammers fit send you a different Bitcoin wey no dey the main smart contract of the real pegged Bitcoin and if you no dey very observant dem go scam you. Scammers will create multiple pegged Bitcoin that are fake and newbies wey no sabi wetin dey sup go fall victim.

Wow, boss thanks for this yan wey just yan so, if to say you no talk, I for no know say dem go fit run bitcoin for other block chain sef, and even the dangers wey dey associated for this kind of system. Anyway sha, even though say we no try am because of the risk, e still good make we get this kind of knowledge.
For the other part wey you dey talk about using other crypto for transaction due to times like this when mempool dey congested. That na very good idea, but me nor too like altcoins but I fit reason that of the stable coin wey you recommend, na the only coin wey be say I dey see say I like because of em adoption and fast transaction rate.