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Author Topic: Shops now accept BTC  (Read 707 times)
Emmybit001 (OP)
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May 18, 2024, 09:50:45 PM
 #1

It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.
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May 18, 2024, 09:53:01 PM
 #2

It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.

What country?
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May 18, 2024, 09:57:14 PM
 #3

There are a lot of things that you are yet to discover. Not only have shops started accepting bitcoin, but some countries have also made it a legal tender.
 
Some companies too also consider it a method of payment for large purchases, and they also use bitcoin as part of their reserve funds. Bitcoin adoption is rapidly increasing, and it's not just in shops accepting it this time.

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May 18, 2024, 10:03:25 PM
 #4

There are so many shops that accept Bitcoin in several countries of the world. Accepting Bitcoin at a shop as a payment option can be challenging especially if the merchants lives and does business in your country where Bitcoin is not sanctioned by the government. In countries like El Salvador where bitcoin is accepted shops that accept Bitcoin as payment options will see greater sales, new customers, increased profit etc.

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May 18, 2024, 10:38:10 PM
 #5

It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.

It's a gradual process. I remember my early days in the forum where we used to discourse on bitcoin's adoption and even speculate when bitcoin will get integrated as a payment method by merchants. It's really nice to see that in recent years, it's coming together but we're still not there (yet). There's plenty of work still to be done so that the average Joe can use Bitcoin to pay for goods and services at tx cost lower than the fees offered by commercial banks and card firms like mastercard, visa, etc.

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May 18, 2024, 10:42:29 PM
 #6

It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.
Yes, even in my area mostly are existing remittances adds bitcoin to fiat exchange in their OTC transaction.
Well, i can only think for these 3 way for bitcoin used, as payment, investment and remittances, nothing more fancy and revolutionary things.

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May 18, 2024, 10:45:56 PM
 #7

Usually shops are already accepting btc as payment but most even companies do the same, if i could recall as then there were some gas station that was accepting bitcoin payment people were patronizing them. Bitcoin has gone beyond the way you have had it and you can unveil more things if you stick around here.

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May 18, 2024, 10:48:13 PM
 #8

It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.

Although to me this is quite normal as it has happened in many places depending on the scale of the service, in the past I also witnessed a fairly large local university announce to accept bitcoin as a payment method for student tuition, it was truly an overwhelming event for me at that time to have such acceptances.

But witnessing the past few years, we are not too unfamiliar with the acceptance of bitcoin in some services. In some countries, even expressing their attitude to accepting bitcoin's extensive journey still has many challenges, but indeed for those who accompany its development to witness what they believe in, the feeling is wonderful.

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May 18, 2024, 10:58:43 PM
 #9

I’ve only seen one shop in person that ever accepted Bitcoin and that was in Las Vegas and judging from the experience it was just a gimmick. I do hope shops are one day able to accept Bitcoin, but high fees and the limited block space being given to patented layer 2s means customers would rather just use cash.

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May 18, 2024, 11:00:15 PM
 #10

It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.
Bitcoin has already and will continue to shock the world. For every new ATH achieved, the world goes wild and talks about the potential of bitcoin and what its performance implies for the future. In my country right now there is not much stores that accept bitcoin in fact I have not seen one at all. I am waiting for bitcoin to spread all around the world, hopefully. It might be a long process but we are heading there

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May 18, 2024, 11:32:14 PM
 #11

It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.
I can imagine how excited this has made you, giving you a kind of reassurance that what you're investing in is actually something that is becoming global. For many of us on the other side of the world, this is not new.

Some of the shops accepting BTC in some countries do it just for clout-chasing, just to attract young customers like you to their shop.

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May 18, 2024, 11:43:39 PM
 #12

There are so many shops that accept Bitcoin in several countries of the world. Accepting Bitcoin at a shop as a payment option can be challenging especially if the merchants lives and does business in your country where Bitcoin is not sanctioned by the government. In countries like El Salvador where bitcoin is accepted shops that accept Bitcoin as payment options will see greater sales, new customers, increased profit etc.
If the use of bitcoin for transaction will make you face punishment or sanctions, I don't think that it would be logical for merchants to be accepting that as a form of payment for their product and/or services. Regarding the El Salvador situation, there's never been an article that reports that there were increase in sales or anything like that but there was a report that said that after some months, the use of it lowered and most people still preferred to use fiat over bitcoin and despite the $30 bitcoin subsidy of the government, there are still untouched bitcoin subsidy despite the massive amounts of download of the Chivo wallet.
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May 19, 2024, 12:34:31 AM
 #13

Some of the shops accepting BTC in some countries do it just for clout-chasing, just to attract young customers like you to their shop.
I actually doubt that.

Bitcoin is a risky investment much more a risky payment method. These businesses need to have a profound understanding of bitcoin and how it works and how it could benefit or cause harm to their business.

It’s not a simple marketing strategy because they are quite literally putting everything on the line. I think if a shop decided to put bitcoin as one of their accepted payment methods they genuinely believe in btc and would want to be part of it.

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May 19, 2024, 02:14:40 AM
 #14

It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.
I don't know about shops accepted Bitcoin at your local area but there are some websites to find shops and where you can spend your bitcoins.

https://bitcoin.org/en/spend-bitcoin

With small fund to spend, it will be better and more economical if you find shops that accept Bitcoin via Lightning Network or side chains.

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May 19, 2024, 03:08:36 AM
 #15

Usually shops are already accepting btc as payment but most even companies do the same, if i could recall as then there were some gas station that was accepting bitcoin payment people were patronizing them. Bitcoin has gone beyond the way you have had it and you can unveil more things if you stick around here.
There's not a lot of them unfortunately, maybe in my country it would still be the same as any other, they like to use fiat much more than bitcoin because they're either ignorant, they're not aware that bitcoin exist, or that bitcoin isn't a thing and most of them probably don't want the added hassle of having to convert bitcoin to fiat so they can cycle it back to their business to buy back their stocks and pay their workers. In a small business, it might work but the problem is that the tax season will be a hell of a lot more difficult to do because there's some issues they need to deal with involving doing transactions using bitcoin. Also, the word is patronage not patronizing because that would mean that the bitcoin users that are paying their gas on that gas station is condescending or demeaning them in some way.
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May 19, 2024, 04:02:56 AM
 #16

Some of the shops accepting BTC in some countries do it just for clout-chasing, just to attract young customers like you to their shop.
I actually doubt that.

Bitcoin is a risky investment much more a risky payment method. These businesses need to have a profound understanding of bitcoin and how it works and how it could benefit or cause harm to their business.

It’s not a simple marketing strategy because they are quite literally putting everything on the line. I think if a shop decided to put bitcoin as one of their accepted payment methods they genuinely believe in btc and would want to be part of it.
For a country like Lugano, El Salvador, Brazil, England that have accepted to regulate the activity of cryptocurrency users in their countries respectively, I don't think shops or businesses there would find it hard to accept BTC or even any altcoins for their transactions, because it is a currency for exchange and payments that may include purchase or taxes.
Where I think accepting BTC or cryptocurrency in shops or businesses isn't viable, is when such businesses exit in a region where crypto currency is banned or not accepted and regulated by the government. Unless it is from well known customers and trusted P2P traders or investors, shopping with BTC or cryptocurrency is a kind of option that is specifically requested or available to real crypto currency believers.

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May 19, 2024, 06:13:30 AM
Merited by Marykeller (1)
 #17

I love buying stuff using crypto in general and I have been doing this for years now, almost all my equipment was bought online unfortunately not many are accepting Bitcoin as a means of payment.

I have spent weeks looking for online marketplaces that accept crypto and most that I have found have something to do with crypto e.g. crypto hardware wallets, crypto asic miners, graphics card stores, crypto-related smartphones, etc.

The others are Gift card stores, bill payments, vouchers, and co, I read on this forum that Newegg is accepting Bitcoin payments. I haven't looked into this, if this is true there are many things I have wanted to buy on Newegg, and this could make me go ahead with the purchases instead of using restricted credit cards from my country.

It is a different story in my country, there is only 1 out of 1000 that are accepting crypto, and even now that the government isn't very friendly with crypto adopters in the country it will take some balls to display "crypto is accepted here" in front of your store, I took down mine months ago and still accept Bitcoin behind closed door.

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May 19, 2024, 06:37:22 AM
 #18

Do you mean that some shops in your country or in other country are now accepting Bitcoin? If it is in your country, that is good to know, for other countries, it is not a news but real. I have seen different post on this forum about shops that is accepting Bitcoin payment and not every one of those post are from the same country. In those country that Bitcoin is not banned, there are definitely some business that accepts Bitcoin payment.
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May 19, 2024, 06:44:05 AM
Merited by pooya87 (2)
 #19

It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.

There are quite a lot of shops accepting Bitcoin. I don't know how up-to-date this map is, but you definitely can use it to get an image: https://coinmap.org/view/#/map

For a country like Lugano

Your post contains quite a few confusions there. I will start with the fact that Lugano is not a country, just a region in Switzerland.
Also you've put together regions or countries with big support (or legal tender) for Bitcoin with regions/countries with not that special status of Bitcoin. Not mentioning the Bitcoin is actually regulated in many (maybe even most) countries of the world.

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May 19, 2024, 06:52:14 AM
 #20

It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.

Buying goods with Bitcoin is more common in El Salvador, where Nayeb Bukele fully accepts Bitcoin. Bitcoin has generally gained a lot of influence around the world within a short period of time, although in our country Bitcoin is illegal because it is not officially awarded but we use it secretly. So there are people all over the world who are secretly using Bitcoin, grocery stores, furniture, clothing and food stores also have Bitcoin style bill payment systems in El Salvador. But very soon such modern technology will spread all over the world.

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