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Question: Are you ready to adopt the BTC program for your company?
Yes, I am willing because BTC can help promote my company
No, BTC is still a high-risk asset that is unfamiliar to customers
I don't have a company, just want to check voting result

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Author Topic: Are you ready to adopt the BTC program for your company?  (Read 382 times)
Vincom (OP)
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March 08, 2024, 01:03:21 AM
 #1

Fueled by BTC historic achievement of reaching a new ATH before its next halving event, the cryptocurrency market is buzzing with activity. This is a unique occurrence in Bitcoin's history, and it has propelled BTC into the mainstream media spotlight. News magazines and national television stations are frequently discussing Bitcoin, reflecting the public's growing fascination with this digital asset and the potential for significant investment returns.

Major corporations are recognizing the potential of BTC and are looking for ways to benefit from it. While large-scale investment might only be practical for a select few like Tesla or MicroStrategy, accepting BTC payments offers a more accessible entry point for most businesses. In fact, several companies already embrace this method, including tech giants like Microsoft and AT&T, alongside familiar brands like KFC [1]. The travel industry is also jumping on board, with Travala.com, a leading crypto-friendly platform, having previously accepted bookings using nearly 100 cryptocurrencies, including BTC [2].


Travala has launched a new initiative to capitalize on the growing popularity of BTC. The program offers top-tier travelers a compelling incentive: 10% cashback on their travel bookings in the form of BTC. This strategy aims to not only encourage users to book more travel through Travala but also introduce them to the world of crypto.

Travala.com CEO Juan Otero: “Bitcoin is here to stay, and it’s now becoming more appealing to mainstream audiences, thanks to the recent approval of the first spot Bitcoin exchange-traded fund” [3].

Travala's new BTC rewards program capitalizes on BTC's popularity, making it a highly sought-after incentive for travelers. For many, these earned BTC could be their first foray into crypto, potentially turning them into long-term crypto users and investors. I believe that this innovative program is a win-win, attracting new customers to Travala while boosting brand awareness within the crypto community.

Inspired by Travala's idea, I predict a future where many companies offer similar loyalty programs. Beyond its role as a currency, BTC is increasingly recognized as a valuable brand. I, for one, would be eager to participate in programs that reward everyday purchases with BTC, from groceries and beauty products to airline tickets.

I would like to know your opinion on the wave of BTC adoption by companies:
  • Do you think BTC programs will be useful for companies in their efforts to reach users?
  • Are you willing to receive rewards in BTC when using future services?
  • If you have your own company, are you willing to accept BTC or launch BTC programs?

References:
[1] Who Accepts Bitcoin as Payment?
[2] Travala: Payment options
[3] Travala’s new Bitcoin rewards program targets top-tier travelers as BTC fever rises

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March 08, 2024, 02:22:20 AM
 #2

I would like to know your opinion on the wave of BTC adoption by companies:
  • Do you think BTC programs will be useful for companies in their efforts to reach users?
  • Are you willing to receive rewards in BTC when using future services?
  • If you have your own company, are you willing to accept BTC or launch BTC programs?
  • I think it will be a good thing if that's an option and it will definitely reach different users because bitcoin integration travels fast so people that are interested in bitcoin or have been in the bitcoin space for a long time will definitely check them out but I don't believe that it's going to be a lot of people because most bitcoin hodlers are likely to value their privacy that they might not use the service or program if it means that their identities will be exposed.
  • Definitely willing to receive bitcoin as a reward, there's no way that it's a bad idea to accept that compared to fiat or airline miles, maybe if you ask people that haven't been heard of bitcoin before or has no interest in getting there then it's possible that they're going to choose other options, but I'd like to see that bitcoin becomes an option for rewards.
  • That would be a complicated matter because companies have to pay their employees and the profits need to be ready plus the cost of maintenance needs to be quickly paid so for now, I think my answer would be no because I don't know how I can that bitcoin paid in my company as it is.



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March 08, 2024, 02:42:06 AM
 #3



If we can only  decide for our company? for sure I will be the one that will agree to adopt Bitcoin and even altcoins to our system/program because this will surely help us improving and also make us competitive in the future .

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March 08, 2024, 03:56:23 AM
 #4

  • Do you think BTC programs will be useful for companies in their efforts to reach users?
  • Are you willing to receive rewards in BTC when using future services?
  • If you have your own company, are you willing to accept BTC or launch BTC programs?
1. For the businessmen, any improvement is good because it's way for them to promote their company. But for the customers, they need to accept to lose their privacy because it will link their identity with Bitcoin. Since Travala is a booking service, I remembered with a case to Russian investment blogger gets robbed in hotel.

2. If I link my identity, I won't. If I don't need to link my identity, why not?

3. Not yet, I will accept when Bitcoin is already become a normal thing, so whenever people know someone own Bitcoin, they didn't think every people who own Bitcoin is rich.
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March 08, 2024, 04:54:05 AM
 #5


I would like to know your opinion on the wave of BTC adoption by companies:
  • Do you think BTC programs will be useful for companies in their efforts to reach users?
  • Are you willing to receive rewards in BTC when using future services?
  • If you have your own company, are you willing to accept BTC or launch BTC programs?

I won't say just Bitcoin, but overall crypto payment system is good for any business. It allows them to tap a new set of audiences. So I think slowly big corporates will come forward and will allow crypto payment in their platform. But it doesn't really matter everytime what a big corporate thinks. A lot depends on the local legislation as well. There are many countries where crypto is not seen as a legal tender. So it may become challenging for the companies to accept crypto payments in those countries.

But I see there's a great amount of positivity around cryptocurrency right now. Usually it happens during any bull run. I just hope this bull run continues and the positivity stays as it is.

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March 08, 2024, 05:11:53 AM
 #6


I would like to know your opinion on the wave of BTC adoption by companies:
  • Do you think BTC programs will be useful for companies in their efforts to reach users?
  • Are you willing to receive rewards in BTC when using future services?
  • If you have your own company, are you willing to accept BTC or launch BTC programs?
Bitcoin transactions in the company should be done according to the conditions of that country because Bitcoin transactions are not legal in my country. If not valid I can't start Bitcoin transactions in my company even if I want to. I don't own any company. If I had a company, I would start a bitcoin business there. This is my dream. But in this case I have to follow some rules. It is as I wish, but I cannot do everything. I must obey the government rules of the country in which I live. If I want to comply with government regulations, I will not be allowed to start Bitcoin transactions because Bitcoin is not legal in my country. But I have a strong desire to introduce bitcoin transactions in my business if I can. If ever I can set up a business here on my own.

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March 08, 2024, 05:57:28 AM
 #7

    Inspired by Travala's idea, I predict a future where many companies offer similar loyalty programs. Beyond its role as a currency, BTC is increasingly recognized as a valuable brand. I, for one, would be eager to participate in programs that reward everyday purchases with BTC, from groceries and beauty products to airline tickets.
    No doubt, a lot of positive news has been coming in favor of BTC and lots of organizations that are good at seizing opportunities to their advantage would normally want to jump in and see how to be part of this global crypto users and supporters and giving out an incentive as this could be part of a business strategy that could work too well in bringing the attention of most crypto enthusiast into wanting to be a part of the organization and this business strategy has obviously made them popular in the crypto ecosystem. 

    With how constantly bullish Bitcoin is going and the high rate of popularity and adoption it has witnessed recently, it won't be surprising to see more organizations adopting Bitcoin as a means of payments and maybe give reduction in the price to be payed for any customer that chooses to pay in BTC.

    • Are you willing to receive rewards in BTC when using future services?
    why not?
    If you pay me $50 worth of BTC as a reward for using your service that cost me up to $1000, I'm at a serious gain because if I decide to Hold the $50 worth of BTC till the market becomes more bullish, I would have gained almost twice or thrice the incentive you gave me. If you're giving someone that's totally new to crypto, it could be one good reason they would probably try investing into Bitcoin out and you've used that medium to increase the number of Bitcoin user in our ecosystem.

    • If you have your own company, are you willing to accept BTC or launch BTC programs?


    absolutely yes. I'm a very good business strategist and I sure know the importance of getting customers from different niches and I can tell you for free that in my country where almost all the youths are active crypto users, if you run an eatery or a travel agency that accepts crypto as an option of making payments, you've gained at least 60% of the youthfull population  to your brand.

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    March 08, 2024, 08:32:33 AM
     #8


    I would like to know your opinion on the wave of BTC adoption by companies:
    • Do you think BTC programs will be useful for companies in their efforts to reach users?
    • Are you willing to receive rewards in BTC when using future services?
    • If you have your own company, are you willing to accept BTC or launch BTC programs?


    sorry i answer just quiestion no 2
    No, I will not receive rewards in BTC, it is too risky in my opinion because there will be no more secrets about BTC ownership itself, because the anonymous nature will be lost if the learning system is carried out using BTC, it is better as usual with applicable fiat

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    March 08, 2024, 11:50:53 AM
     #9

    Major corporations are recognizing the potential of BTC and are looking for ways to benefit from it. While large-scale investment might only be practical for a select few like Tesla or MicroStrategy, accepting BTC payments offers a more accessible entry point for most businesses.

    There nothing to doubt about this because bitcoin has been always increasing in adoption and the corporate organization with global reputation are also taking the advantage for the use of bitcoin in making payments, but we cannot conclude that all the companies and organizations have already key into this acceptance, most of the growing economy businesses are still making evaluation on the possible potentials that might comes out through the adoption of bitcoin as their means of payment, plans have to be in place before the use of bitcoin as payment method, but a large number is companies and organizations were already accepting bitcoin while some are underway.



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    Rainbot
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    March 08, 2024, 12:40:57 PM
     #10

    Travala has launched a new initiative to capitalize on the growing popularity of BTC. The program offers top-tier travelers a compelling incentive: 10% cashback on their travel bookings in the form of BTC. This strategy aims to not only encourage users to book more travel through Travala but also introduce them to the world of crypto.
    Only Diamond members receive 10% btc cashback.

    Travala's new BTC rewards program capitalizes on BTC's popularity
    That's right, they use the popularity of bitcoin to promote their AVA Smart Program.

    BTC givebacks are only available for Smart Diamond members.

    "Members of the AVA Smart Program can receive up to 10% back in AVA (all Smart members) or Bitcoin (Smart Diamond members only) for every completed trip. Givebacks are credited to your Travala.com account within 24 hours of your trip being completed."

    That is, before you can get cashback in btc, you will have to use their services a fair amount (spend N amount of money).

    Inspired by Travala's idea, I predict a future where many companies offer similar loyalty programs.
    This is not excluded. The higher the bitcoin price, the more attention of customers can attract with this. But this is more like some kind of trick, as with Travala.com, which allows to get bitcoin only at a certain level of spending money in their service.

    Beyond its role as a currency, BTC is increasingly recognized as a valuable brand.
    It should be added - a hype brand.

    I, for one, would be eager to participate in programs that reward everyday purchases with BTC, from groceries and beauty products to airline tickets.
    If choose between spending money on everyday (and not only) needs and not receiving cashback in btc and receiving, I'm sure many will choose the second. Those companies that are the first to use this will be able to become leaders in their markets.

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    ..BUY/ SELL CRYPTO..
    Queentoshi
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    March 08, 2024, 01:57:42 PM
     #11

      I would like to know your opinion on the wave of BTC adoption by companies:
      • If you have your own company, are you willing to accept BTC or launch BTC programs?
      If I had a company, I would not be put under pressure to accept Bitcoin simply because other companies around me are beginning to accept bitcoins, I would have to first evaluate my business to know if it's something suitable to accept bitcoins, or a business that can work properly before I institute or decide to accept bitcoins. Not all businesses are suitable for customers to pay for products or services with Bitcoins, accepting bitcoins too in some businesses too may not work because the client base or the age grade the business focuses on may not be the type that there is a high interest to have and use bitcoins. Know the kind of business you have before you institute changes, it is part of what makes one a good business owner or CEO.

      R


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      Bananington
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      March 08, 2024, 05:23:59 PM
       #12

      I would like to think that the kind of company does really matter to be considered or not for a BTC program.
      A tech company can adopt BTC payment options for its customers because they can of course come from different countries and may be buying or transacting over the internet or telephone to acquire the product.

      Also, BTC is a good store of value for investors thinking long term, and if I did have a company, even if not a tech set up, I would think of using some of the profits per annum or quarterly to Invest in BTC, because I know how to DCA, I know how to use a wallet but would consider using good and better offline hardware wallets with a good brokerage advisor who would be my eyes and ears in the crypto market to know when to diversify, liquidate or just HoDL BTC.

      .
      SPIN

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      MFahad
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      March 08, 2024, 05:53:10 PM
       #13

      Inspired by Travala's idea, I predict a future where many companies offer similar loyalty programs. Beyond its role as a currency, BTC is increasingly recognized as a valuable brand. I, for one, would be eager to participate in programs that reward everyday purchases with BTC, from groceries and beauty products to airline tickets.

      Who wouldn't want that? However, it isn't going to happen very soon and it is still going to take a lot of time for Bitcoin to become completely mainstream.

      I would like to know your opinion on the wave of BTC adoption by companies:
      • Do you think BTC programs will be useful for companies in their efforts to reach users?
      • Are you willing to receive rewards in BTC when using future services?
      • If you have your own company, are you willing to accept BTC or launch BTC programs?

      1 - Of course, it is a good strategy for companies to cash in on the opportunity since they can see the hype around the globe for Bitcoin and cryptocurrencies and they know they are going to be in the news if they do something like that.

      2 - I don't think anyone would decline something like that, I would be happy just to have services available to be availed with Bitcoin even without rewards or anything.

      3 - I don't, but if I had one, I would surely like to do that if I could get permission and clearance from the authorities to do that because it is not possible to do something like that if you are legally not allowed to do it.









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      Baki202
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      March 08, 2024, 06:09:42 PM
       #14

      I would like to think that the kind of company does really matter to be considered or not for a BTC program.
      A tech company can adopt BTC payment options for its customers because they can of course come from different countries and may be buying or transacting over the internet or telephone to acquire the product.

      Also, BTC is a good store of value for investors thinking long term, and if I did have a company, even if not a tech set up, I would think of using some of the profits per annum or quarterly to Invest in BTC, because I know how to DCA, I know how to use a wallet but would consider using good and better offline hardware wallets with a good brokerage advisor who would be my eyes and ears in the crypto market to know when to diversify, liquidate or just HoDL BTC.
      Whether or not you feel comfortable taking Bitcoin in your business is a matter of personal preference. Since I'm not sending out anything, this will relieve some of my stress and add to it as well. The network issue will be the first source of stress, and additional stress will come from needing to have the correct decimals for each product and from the fact that the price of bitcoin is unstable and must constantly be updated to avoid going over or even lower. Bitcoin transactions aren't limited to techies, in my opinion. Any industry can choose to utilize bitcoin.

      Since its a good store value i don't think it should be spent. Its there coin and anyone can decide what to do with there coin. They want to spend it fine and good. Because even countries that invested in bitcoin am sure they will be making money by now bitcoin depends on how you use it.

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      March 08, 2024, 07:46:35 PM
       #15

      Hey I am a supporter of Bitcoin and investor as well but I am still not convinced to use it as day to day business transaction for food or groceries rather I will be gladly implementing it into the payment transfers because we need to accept the fact that it will complicate things if we use Bitcoin for minor transactions due to the charges and the decimal points. I am sure people might not completely agree with my point but if you have a better solution or can explain why am I wrong you are most welcome.









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      btc78
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      March 08, 2024, 07:52:12 PM
       #16


      I would like to know your opinion on the wave of BTC adoption by companies:
      • Do you think BTC programs will be useful for companies in their efforts to reach users?

      To be honest, a lot of companies use whatever is in trend in order to get to their target audience but this time I think bitcoin will be more than a trend for these companies. Bitcoin will soon become one of the top currencies among the other fiat currency so I am sure that companies will see this and take interest.

      Quote
      • Are you willing to receive rewards in BTC when using future services?

      Yes but it has to be done secretly. I don’t want a lot of people to know that I have bitcoin.

      Quote
      • If you have your own company, are you willing to accept BTC or launch BTC programs?

      Of course. Following technological advancements is one of the things that a good company should be doing. A company needs to fit into today’s time and cater to their audiences.


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      March 08, 2024, 08:06:55 PM
       #17

      Base on the topic, I will say yes and that will also base on the country perception on bitcoin and if it is a county that doesn't support bitcoin, then it will be difficult for a company to accept bitcoin as their payment method but they can invest in it. Because investing in it is different from accept it. In investment you use p2p to get it and store it in the non custodial wallet and the government can't do anything to control your end but if you accept it in the payment method then they can control your payment because if they know that you are accepting bitcoin as a payment method.

      So the country will play a vital role in the company.









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      Furious 7
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      March 08, 2024, 08:40:21 PM
       #18


      • Do you think BTC programs will be useful for companies in their efforts to reach users?
      • Are you willing to receive rewards in BTC when using future services?
      • If you have your own company, are you willing to accept BTC or launch BTC programs?


      Taking steps to make btc an alternative payment is indeed like a trend in recent years because the more people who adopt bitcoin, the greater it is possible for some companies to make bitcoin an alternative payment but on the other hand, by doing this, there are indeed several conditions in which we as producers must be prepared to take several steps so that this payment option is also not detrimental to ourselves.

      A good step actually if we do this because by creating payment options we can indirectly also introduce to new people that bitcoin is also in addition to investment that can be used as a payment option, it's just that we certainly know what risks we will experience by using this as an option especially when the fee is not too reasonable and that has often happened in the last few months.

      We must be aware that adopting btc as a means of payment must also look at what business we are building because in the end this is also an important factor because it is to minimize shipping costs because after all we are doing this for profit and if the transactions of the products we sell are only a few cents or a few dollars I think it is not necessary to use the btc payment option because it will actually be detrimental so this becomes optional about the products we sell.

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      March 08, 2024, 10:31:54 PM
       #19

      I don't think it is mandatory to implement Bitcoin payment system so there is no point forcing it when proper study of the viability have been done. Personally, using fiat is is more feasible for me in terms of ease of usage and cheaper for transaction. This make it totally unnecessary to opt for Bitcoin. Unless things change in the future, I am not thinking about integrating Bitcoin payment into my business that is still at the young stage. I could when I expand to a certain point.

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      March 08, 2024, 11:14:36 PM
       #20

      I don't think it is mandatory to implement Bitcoin payment system so there is no point forcing it when proper study of the viability have been done. Personally, using fiat is is more feasible for me in terms of ease of usage and cheaper for transaction. This make it totally unnecessary to opt for Bitcoin. Unless things change in the future, I am not thinking about integrating Bitcoin payment into my business that is still at the young stage. I could when I expand to a certain point.

      Every business owner have their own decision to make on this matter, if they will integrate or not. I believe, it depends on how you look at this market. Is there a potential to make it big in the future or not?
      The good thing about this is that anyone can join if they believe it, or not opt to get on it. No one is forcing you to include the btc payment in your financial transactions. It is your choice and no one can shove it on your face.

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      March 08, 2024, 11:25:12 PM
       #21

      I would like to know your opinion on the wave of BTC adoption by companies:
      • Do you think BTC programs will be useful for companies in their efforts to reach users?
      • Are you willing to receive rewards in BTC when using future services?
      • If you have your own company, are you willing to accept BTC or launch BTC programs?
      1. I think I have seen some companies that have offered their employees to receive salaries in bitcoin or in the traditional way. It's helpful for the bitcoiner employees so they don't have to spend such fees in transfers from fiat to bitcoin.

      2. Yes.

      3. Definitely, 100%. I am an enthusiasts and to support that I have to accept payments in BTC for my services and products.



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      March 09, 2024, 12:49:30 PM
       #22

      I would like to know your opinion on the wave of BTC adoption by companies:
      • Do you think BTC programs will be useful for companies in their efforts to reach users?
      • Are you willing to receive rewards in BTC when using future services?
      • If you have your own company, are you willing to accept BTC or launch BTC programs?
      1. I think I have seen some companies that have offered their employees to receive salaries in bitcoin or in the traditional way. It's helpful for the bitcoiner employees so they don't have to spend such fees in transfers from fiat to bitcoin.

      2. Yes.

      3. Definitely, 100%. I am an enthusiasts and to support that I have to accept payments in BTC for my services and products.

      1. Bitcoin is so volatile and transaction fees are high, I don't think many people will accept this offer. If you are an office worker with a not too high income and have to take care of your family, are you sure you will be okay if you receive your salary in bitcoin? Bitcoin fluctuations can go up to 10%-50% in a day, so I don't think it would be a good idea to use bitcoin for salary payments.

      By the way, I don't see us having to spend too much every time we convert from fiat to bitcoin, how can you say buying bitcoin with fiat costs a lot?

      3. If it were me, I wanted to bring stability to my business and ensure the safety of my employees, I would still use fiat to pay the company instead of bitcoin. And if any of my employees want to invest in bitcoin, they can take their salary and then buy as much bitcoin as they want with fiat.

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      March 09, 2024, 12:59:33 PM
       #23

      Not the interesting question to ask at all. The first ATM machines offering Bitcoin came a decade ago. The first hotels, flights, shopping, food delivery, giftcards, they all cwere available for me to use as far back as 2016. Pretty sure they were there before that.

      This forum and elsewhere had plenty of businesses doing Bitcoin transactions.

      But now in 2024, you have harder access to these services. Want to pay in crypto now? More merchants maybe but only crypto cards settling in fiat. Fewer pure crypto accepting merchants because there are not enough customers.

      So the questiom, really, is are you ready to use Bitcoin? And no, showing your Coinbase wallet balance is not the same.

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      March 09, 2024, 01:35:44 PM
       #24

      It is nice using cryptocurrency as a medium of payment in company or financial institution, to enhance fast easy and smooth transaction without network or bank issues. In my opinion, I will say USDT or bitcoin would have been a universal standard payment option in crypto currency  worldwide. Instead of using multiple coins as listed above as payment option. If I have an industry today I will like my workers to be paid in Bitcoin or USDT, because it will save me stress of bank issues. Atleast it will increase the knowledge of people about cryptocurrency and they will know the importance and cherish it more when they know it more better.

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      March 09, 2024, 02:08:13 PM
       #25

      10% cashback in BTC sounds quite nice. This way, the company isn't losing anything because the cashback can only be used for further purchases from this company, but they're also popularizing Bitcoin and making people happier by basically giving a discount for the next purchase. I think such efforts can increase awareness of Bitcoin and perhaps promote some usage of Bitcoin as a currency. But when the price is growing, people don't want to spend Bitcoin because they think they'll get more out of it tomorrow, whereas when the price is going down, they often abandon Bitcoin and don't want to deal with it again, being shocked by how much value it can lose and how fast that can happen.

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      March 09, 2024, 04:25:32 PM
       #26

      <..snip..>

      I would like to know your opinion on the wave of BTC adoption by companies:
      Do you think BTC programs will be useful for companies in their efforts to reach users?

      I do think that there is a long-term advantage of implementing BTC programs to companies. In effect, it has a similar setup when you ask for a portion of your income to be rewarded as stocks in a given company; the difference is that the stock here would be BTC in the process which can be a long-term investment on your part.

      Quote
      Are you willing to receive rewards in BTC when using future services?

      Yes definitely! As someone who has been active in this forum for seven (7) years, I have personally experienced the wonders of BTC and its long-term advantage via investment. By basing it purely on its price history, you could see its steady growth over the years. This solely would be my basis to consider investing into BTC as a huge opportunity for me and for others should they accept BTC as payment for services.

      Quote
      If you have your own company, are you willing to accept BTC or launch BTC programs?

      If there exist such opportunity, I would definitely accept various BTC programs in order to give importance and notice to everyone.

      There is just that massive opportunity whenever a person invests into BTC. With this kind of potential, everyone should be taking advantage of it by investing long-term or by trading it short-term to accumulate profit at the end.

      R


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      March 09, 2024, 07:04:05 PM
       #27

      As a Bitcoin holder myself, I'd be happy to receive rewards in BTC.  It's a great way to accumulate more crypto.  But for non-crypto folks, it might be a confusing hassle.  They'd need to set up wallets, understand conversion rates, and deal with the inherent volatility.  So, BTC rewards could be a boon for some, but a barrier for others.  Companies need to weigh the pros and cons carefully.

      Bitcoin's volatility makes it a risky proposition for day-to-day operations.  Imagine paying salaries or covering rent with Bitcoin –  prices could fluctuate wildly, creating financial instability.  For most businesses, traditional currencies are still the way to go for core operations. So, is Bitcoin all hype?  Not necessarily.  Maybe BTC won't be the everyday currency companies use just yet.  But it could play a role in loyalty programs, cross-border transactions, or attracting tech-savvy customers.  The key is for businesses to find ways to leverage Bitcoin's unique features without jeopardizing their financial stability.

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      March 09, 2024, 07:19:30 PM
       #28

      On the plus side, you might attract new customers, the techy types who love their crypto. Plus, Bitcoin transactions can be speedy and cheap compared to, you know, international bank transfers that take forever.  And hey, less fraud risk, that's always a good thing.

      But here's the thing, Bitcoin's price is basically a jumpy roller coaster.  One minute it's up, the next it's down.  Keeping your prices constantly updated to avoid losing out is a major headache.  Not to mention, the network can be slow sometimes, like waiting in line at the DMV slow.  And let's be honest, not everyone is a crypto whiz – some folks might just be confused by the whole thing.

      As for spending Bitcoin, that's totally up to the owner.  It's their coin, their choice.  Some might prefer to hold onto it like a digital gold bar. The bottom line?  Bitcoin in your business is a maybe.  If you're a tech-savvy shop with a global audience, it could be worth a shot.

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      March 09, 2024, 08:21:31 PM
       #29

      On the plus side, you might attract new customers, the techy types who love their crypto. Plus, Bitcoin transactions can be speedy and cheap compared to, you know, international bank transfers that take forever.  And hey, less fraud risk, that's always a good thing.

      But here's the thing, Bitcoin's price is basically a jumpy roller coaster.  One minute it's up, the next it's down.  Keeping your prices constantly updated to avoid losing out is a major headache.  Not to mention, the network can be slow sometimes, like waiting in line at the DMV slow.  And let's be honest, not everyone is a crypto whiz – some folks might just be confused by the whole thing.

      As for spending Bitcoin, that's totally up to the owner.  It's their coin, their choice.  Some might prefer to hold onto it like a digital gold bar. The bottom line?  Bitcoin in your business is a maybe.  If you're a tech-savvy shop with a global audience, it could be worth a shot.

      It would work for freelancer or to those who wants to make the payment through Bitcoin just like how signature campaign in this forum pays every well but the a business cannot be entirely run on Bitcoin or any other crypto for that reason as volatility will be a key factor like what if you have paid a certain amount as a salary or project completion amount as agreed and by the time the recipient what if it's value drops own who will be compensating for those loses and I am taking about real life situation wherein not everyone would hodl Bitcoin as we are talking about business not investment.









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      March 09, 2024, 09:52:42 PM
       #30

      Even if I have a company, I still cannot use this.
      For, there is a sanction that I may probably get by using BTC as a salary. But if this is for another adoption activities, it is probably, whatever to support. But, not as salary or payment method or transaction. Because, in my country, crypto is illegal and banned if used as transaction or payment w=method. We will get punished.

      While if using as investment or trading or even other commodity assets, this is legal. That is the regulation of crypto in my country. Except that we will use crypto for transaction with our trusted friends, that love using Bitcoin, and can be trusted to be secret.

      Isn't this actually quite sad, when Bitcoin was created for decentralization, while we are still quite depressed and afraid of punishment from our country, and are still stressed about using Bitcoin itself? This is quite sad, but sometimes we only have 1 choice.

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      March 09, 2024, 10:41:34 PM
       #31

      I would like to know your opinion on the wave of BTC adoption by companies:
      • Do you think BTC programs will be useful for companies in their efforts to reach users?
      • Are you willing to receive rewards in BTC when using future services?
      • If you have your own company, are you willing to accept BTC or launch BTC programs?

      1. Of course yes. I don’t think there’s a way the BTC program will be done and it wouldn’t help in reaching more users.
      2. Yes, anything that has to do with Bitcoin, I am diving in.
      3. If I had a company, most commonly, I would accept BTC as payment method. On the other hand, launching BTC programs isn’t easy, maybe donating to a BTC program would do. 



       

       

       

       

       

       


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      March 09, 2024, 11:15:16 PM
       #32

      I would like to know your opinion on the wave of BTC adoption by companies:
      • Do you think BTC programs will be useful for companies in their efforts to reach users?
      • Are you willing to receive rewards in BTC when using future services?
      • If you have your own company, are you willing to accept BTC or launch BTC programs?
      • I think it will be a good thing if that's an option and it will definitely reach different users because bitcoin integration travels fast so people that are interested in bitcoin or have been in the bitcoin space for a long time will definitely check them out but I don't believe that it's going to be a lot of people because most bitcoin hodlers are likely to value their privacy that they might not use the service or program if it means that their identities will be exposed.
      • Definitely willing to receive bitcoin as a reward, there's no way that it's a bad idea to accept that compared to fiat or airline miles, maybe if you ask people that haven't been heard of bitcoin before or has no interest in getting there then it's possible that they're going to choose other options, but I'd like to see that bitcoin becomes an option for rewards.
      • That would be a complicated matter because companies have to pay their employees and the profits need to be ready plus the cost of maintenance needs to be quickly paid so for now, I think my answer would be no because I don't know how I can that bitcoin paid in my company as it is.

           Bitcoin becoming an option for payment is a bit more okay for me, because if it is really adopted in business, it is a bit favorable for the business owner, but for the user or user of bitcoin, it seems impractical, unless the customer holds a lot of bitcoins and will use that as payment.

           Especially now that we're in the bull season, it won't really work right now. Of course, if most crypto communities are accumulating bitcoin, they won't act to pay bitcoin, even if they see a lot of merchants accepting bitcoin payments.

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      March 10, 2024, 07:04:18 PM
       #33

      I don't know why there is a belief that the adoption of bitcoin has to be aimed at large corporations, ETFs, etc. Yes, they are an important part but it is not the whole, large corporations are well informed, they know that bitcoin has existed since 2009 , the main adoption and it is a shame that many arrive so late, although it will always exist despite the adoption that many love, like large corporations taking bitcoin in bulk, the Satoshi.

      In my country, from a legal point of view, you cannot make transactions that involve the use of bitcoin as currency, but it is considered a digital asset, so you can sell it, buy it, but to record payments they must always be made in the equivalent of legal tender.

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      March 11, 2024, 10:52:42 PM
       #34





      I would like to know your opinion on the wave of BTC adoption by companies:
      • Do you think BTC programs will be useful for companies in their efforts to reach users?
      • Are you willing to receive rewards in BTC when using future services?
      • If you have your own company, are you willing to accept BTC or launch BTC programs?
      • I think it will be a good thing if that's an option and it will definitely reach different users because bitcoin integration travels fast so people that are interested in bitcoin or have been in the bitcoin space for a long time will definitely check them out but I don't believe that it's going to be a lot of people because most bitcoin hodlers are likely to value their privacy that they might not use the service or program if it means that their identities will be exposed.
      • Definitely willing to receive bitcoin as a reward, there's no way that it's a bad idea to accept that compared to fiat or airline miles, maybe if you ask people that haven't been heard of bitcoin before or has no interest in getting there then it's possible that they're going to choose other options, but I'd like to see that bitcoin becomes an option for rewards.
      • That would be a complicated matter because companies have to pay their employees and the profits need to be ready plus the cost of maintenance needs to be quickly paid so for now, I think my answer would be no because I don't know how I can that bitcoin paid in my company as it is.

           Bitcoin becoming an option for payment is a bit more okay for me, because if it is really adopted in business, it is a bit favorable for the business owner, but for the user or user of bitcoin, it seems impractical, unless the customer holds a lot of bitcoins and will use that as payment.

           Especially now that we're in the bull season, it won't really work right now. Of course, if most crypto communities are accumulating bitcoin, they won't act to pay bitcoin, even if they see a lot of merchants accepting bitcoin payments.
      True, although bitcoin as an option of payment is good and innovative, there are still many things that need to be considered, especially the transaction fees. Imagine doing a one-time transaction with a specific establishment that accepts bitcoin, but the transaction fee that day is too high. Will you push through the transaction despite the high fees? I think it's either to cancel the transaction or schedule it, but what if you really need the transaction? Then it will be a problem, so yeah, right, even though many businesses are slowly adopting bitcoin as a form of payment, I still don't think many holders will let their assets be used as a payment. As we know, we all value our holdings allocated for investing. I personally will never ever use my assets or bitcoin for payment, but there's an exception: if I will do a very large amount, then using bitcoin is one of the secured and recommenced transaction types.

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      March 11, 2024, 11:27:06 PM
       #35

      Quote
      Do you think BTC programs will be useful for companies in their efforts to reach users?

      If I had too many customer that ask BTC for payment I will add it ASAP. It means BTC can help me to reach more user, and if I add it it will make my customer easy to pay.

      Quote
      Are you willing to receive rewards in BTC when using future services?

      It depend on my business model, price and many other things.

      Quote
      If you have your own company, are you willing to accept BTC or launch BTC programs?

      I already accept btc as a payment, but only for digital services. For my other business such as restaurant, laundry, etc, I will not accept btc as a payment. Its because price will be expensive for those service, and its not worth for my customer. But I will consider altcoin as a payment, it still worth. But as an entrepreneur, we had to think about price strategy (fee transaction, base service, etc)


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      Vincom (OP)
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      March 14, 2024, 01:11:56 AM
       #36

      I already accept btc as a payment, but only for digital services. For my other business such as restaurant, laundry, etc, I will not accept btc as a payment. Its because price will be expensive for those service, and its not worth for my customer. But I will consider altcoin as a payment, it still worth. But as an entrepreneur, we had to think about price strategy (fee transaction, base service, etc)
      Based on El Salvador's experience, I think Lightnign Network is the right solution for widespread adoption. Lightning's million tps speed is enough to serve all user needs at extremely cheap fees, so BTC or satoshi are perfectly suitable to be used in micro payments.

      What I have to worry about is whether ordinary users are ready in terms of mentality, equipment and knowledge to store and use BTC in daily payments. Perhaps we and BTC both need more time to reach widespread popularity like digital currency in smartphone banking applications.

      “If you don't believe me or don't get it, I don't have time to try to convince you, sorry.”
      Satoshi Nakamoto
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      March 14, 2024, 05:50:04 PM
       #37

      I don't have a company yet, but I will surely create a company in the future because I have seen many opportunity that will make me be among the millions in my community if I have the capital to start the company and introduce BTC as a payment for the service.

       Well, let me see other people vote in this trend so that I will take some positive things that will help me when our government left the banned on cryptocurrency and BTC and it will give free access to users to use BTC and cryptocurrency freely in the country.

      Die_empty
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      March 14, 2024, 06:33:48 PM
       #38

      I would like to know your opinion on the wave of BTC adoption by companies:
      • Do you think BTC programs will be useful for companies in their efforts to reach users?
      • Are you willing to receive rewards in BTC when using future services?
      • If you have your own company, are you willing to accept BTC or launch BTC programs?

      1. Having more than one form of payment is a good means of reaching out to more customers. There have been a massive increase in the number of crypto users in the past few years. Therefore these firms will attract more crypto users to thier goods or services  if they open doors to crypto payments.

      2. There is no free Bitcoin anymore, so I will have to be careful with such service that offers Bitcoin. May of such offers ended up to be scams. Nevertheless, I am will be willing to recieve such reward if I have the opportunity.

      3. Accepting Bit Bitcoin will be a dream come through for me in my business because it will gov the business some advantage. But I will have to carryout an analysis or research to ascertain if my clients are willing to pay with Bitcoin. And it will also depend on the kind of services the business offers. If business offers services or sale good that is related to the crypto space ot will be ideal to receive Bitcoin payment. If the target market or customers are youths, adding crypto payment options will be okay because the youths are more conversant with the sector.

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      March 14, 2024, 06:40:41 PM
       #39

      I'll never forget how I got a chance to sit down with the CEO of Xerox Ursula Burns to discuss an idea I had to cut costs and build a new line of business.  Bitcoin was at $2 and I was urging her to buy half a million BTC and empower me to launch a program to move our international transfers to the blockchain.  It would have paid for itself in the first month and would likely have set Xerox on a path to be one of the world's most valuable companies and leader in blockchain technology.  Why didn't she follow through with my plan and give me the opportunity?  She was dismissive because her next meeting was with Barack Obama to receive an award for being a black female CEO.  True story.

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      MFahad
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      March 14, 2024, 06:46:00 PM
       #40

      I'll never forget how I got a chance to sit down with the CEO of Xerox Ursula Burns to discuss an idea I had to cut costs and build a new line of business.  Bitcoin was at $2 and I was urging her to buy half a million BTC and empower me to launch a program to move our international transfers to the blockchain.  It would have paid for itself in the first month and would likely have set Xerox on a path to be one of the world's most valuable companies and leader in blockchain technology.  Why didn't she follow through with my plan and give me the opportunity?  She was dismissive because her next meeting was with Barack Obama to receive an award for being a black female CEO.  True story.

      I don't blame her, honestly, considering how non-spread and unknown Bitcoin was when it was priced $2, no company would have been ready to do that unless the owner or the CEO has some personal interest in it and had been following up on its progress and updates even back then.
      Maybe if I was in place of her, I would do the same because if you are suggesting something that I have no idea at all about, I would barely agree to continue with it.
      However, if we talk about the current times, I don't think a company would refuse an offer like that because the performance of Bitcoin and its significance is not an hidden fact anymore.









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       ElonCoin.org 
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      March 14, 2024, 07:21:41 PM
       #41


      I would like to know your opinion on the wave of BTC adoption by companies:
      • Do you think BTC programs will be useful for companies in their efforts to reach users?
      • Are you willing to receive rewards in BTC when using future services?
      • If you have your own company, are you willing to accept BTC or launch BTC programs?

      I won't say just Bitcoin, but overall crypto payment system is good for any business. It allows them to tap a new set of audiences. So I think slowly big corporates will come forward and will allow crypto payment in their platform. But it doesn't really matter everytime what a big corporate thinks. A lot depends on the local legislation as well. There are many countries where crypto is not seen as a legal tender. So it may become challenging for the companies to accept crypto payments in those countries.

      But I see there's a great amount of positivity around cryptocurrency right now. Usually it happens during any bull run. I just hope this bull run continues and the positivity stays as it is.

      Boss, despite how nice bitcoin and crypto payment is, I think their are still some discouraging factors surrounding crypto payment which is ordinance and it results to high fee, this high fee has been a major problem for many crypto users, I have always supported everything about more bitcoin awareness, I think we have to tell people what they should expect once they are involved bitcoin, just imagine someone making payment with cryptocurrency in an institution that accept crypto unknowingly to such person that he would be charged high at the end of the day after the payment and he noticed that the fee is high will such person go on with such system of payment, no matter how some wallet allow people to choose the fee themselves, what if in the case where you are buying something and you make payment may be the person you are purchasing from didn't see the money, how will they allow you to go with the items that you purchased.

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      March 15, 2024, 09:00:33 PM
       #42

      Boss, despite how nice bitcoin and crypto payment is, I think their are still some discouraging factors surrounding crypto payment which is ordinance and it results to high fee, this high fee has been a major problem for many crypto users, I have always supported everything about more bitcoin awareness, I think we have to tell people what they should expect once they are involved bitcoin, just imagine someone making payment with cryptocurrency in an institution that accept crypto unknowingly to such person that he would be charged high at the end of the day after the payment and he noticed that the fee is high will such person go on with such system of payment, no matter how some wallet allow people to choose the fee themselves, what if in the case where you are buying something and you make payment may be the person you are purchasing from didn't see the money, how will they allow you to go with the items that you purchased.
      Currently, many blockchains are serving users with high speed and low cost, such as Solana or Ton. Even Ethereum Layer-2 solutions have also had extremely low transaction fees, around a few cents, after the DenCun upgrade.

      BTC can be used for micropayments, similar to how it is applied in El Salvador: Lightning Network can provide speeds of millions of tps to serve daily transactions.

      I think the problem of transaction fees has been solved by Layer-2 solutions, the remaining problem lies in the legality and innovation of businesses.

      “If you don't believe me or don't get it, I don't have time to try to convince you, sorry.”
      Satoshi Nakamoto
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      March 15, 2024, 09:12:52 PM
       #43

      When I open a business and see that adding Bitcoin as a payment option is possible, I have no problem adopting Bitcoin but it is not supposed to be the only means of payment in a big business and in a country like mine where Bitcoin is not legalised yet.

      In addition, I have to look at the feasibility and viability of adding Bitcoin payment before doing that. I will not add Bitcoin payment on a business who cost of buying an item or paying for serviced is cheaper than the transaction fees for such Bitcoin payment. This is not a way of doing business and does not make any economic sense. Like I said before, I will add Bitcoin payment and adopt Bitcoin if I see that it present some types of advantages over other payment options.

      R


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