Topic: How can we encourage local businesses to accept BTC? - page 10. (Read 185049 times)
To encourage local businesses to accept bitcoin is not that much easy as we have practical handling issues one is the transaction fee and duration of payment receiving not only that the rate of bitcoin hike and suddenly down in what basis they will fix the rate and how they receive the payment. First we should resolve this issue and then we will talk about it will be better.
We don't need to encourage local businesses to accept bitcoin because they will do it in their own. If local businesses know about bitcoin they will not think if they should accept of bitcoin because when the time they knew it they would probably grab and accept it. We all know that bitcoin now gets higher and higher to its maximum price.
I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment. The best part about accepting BTC is that they do not have any threat of charge-back from the customer. I am just looking for some more input before I start approaching some of these local retailers.
They are going to do this when they are ready, bitcoin is not ready yet, the fees are very high and the network is slow so there is not a reason for merchants to adopt bitcoin but that is going to change. Acceptance of bitcoin from the local businesses will not be easily. First of all, those businesses should be willing to accept btc instead of fiat because we all know about its volatility, I think somehow it might not be feasible for them in most of the cases plus they should also have the knowledge about this kind of technology.
I fully agree that local business will have a hard time accepting Bitcoin at the current status of the confirmation delay. Both the merchant and the customer will find it time consuming if they accept and pay bitcoin offline since it will take sometime before the transaction confirm. But I believe this will change once the lighting network is implemented to bitcoin.
I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment. The best part about accepting BTC is that they do not have any threat of charge-back from the customer. I am just looking for some more input before I start approaching some of these local retailers.
They are going to do this when they are ready, bitcoin is not ready yet, the fees are very high and the network is slow so there is not a reason for merchants to adopt bitcoin but that is going to change. Acceptance of bitcoin from the local businesses will not be easily. First of all, those businesses should be willing to accept btc instead of fiat because we all know about its volatility, I think somehow it might not be feasible for them in most of the cases plus they should also have the knowledge about this kind of technology.
I think that we should stop talking about all these legalization and mind our own business on Bitcoin. you can't actually encourage someone tell them to accept because you feel it's right. but you should to introduce them with technology . they will not continue it,also bitcoin is not treated as legal tender in many many places.
You need to have some good convincing power along with some good amount of knowledge about the thing which you are going to talk. There is a possibility that you can encourage anyone in this world. The most essential thing which you actually need to do is to make other people aware of bitcoin. If you will be able to tell the advantages of having bitcoin in their lives, they will for sure go for it.
I think that we should stop talking about all these legalization and mind our own business on Bitcoin. you can't actually encourage someone tell them to accept because you feel it's right. but you should to introduce them with technology . they will not continue it,also bitcoin is not treated as legal tender in many many places.
we must introduce the bitcoin first to the local entrepreneurs, because by introducing bitcoin to local entrepreneurs they will understand. After understanding, then we offer to accept payment using bitcoin and tell how to run it ...
Local Retailers are difficult to be convinced, my only suggestion is that maybe you should let them try Bitcoin Transacting. For Example: introduce them a secured wallet site where they are going to put the amount of Bitcoin, But First Make a Demonstration on how is it able to process in Legit way.
I think you should target local Retailers who Has Advertisement Through Internet because if they are your First costumer and your Plan runs smoothly and would be successful then it is easy to convince others retailers also.
I think you should target local Retailers who Has Advertisement Through Internet because if they are your First costumer and your Plan runs smoothly and would be successful then it is easy to convince others retailers also.
It's not that they are not easy to convince. Imagine an owner of a store that is 30 plus years old and you told and explain to him the BTC or the blockchain, the disadvantage is that he tried so many others business and he failed many times over and he might think that he will fail again. It's hard to pushed the blockchain to them because they grew up in the traditional system. Culture comes first or so they say. Their mindset is on traditional system and it's hard for them to adopt another system.
I think to push local businesses to accept bitcoin on the area the government should legalize bitcoin. Because if bitcoin became legal there certainly local businesses feel safe to accept bitcoin. In addition bitcoin should have a lot to ease adoption. You also have to convince if accept bitcoin will have benefits for the local business.
Yes I agree. Actually it was the first step, the government must legalize first bitcoin in the country. So it will be more accomodating to use for the local businesses. We need to be true, that when the time come that bitcoin become legal to a particular country surely they will put tax on it. Aside from that you should also need to explain to your prospect business the advantage of using BTC as a payment.We really do need to put in some efforts of we want to have things according to our choice. Encouraging the local business market traders is really a tough thing to do as they are not that much learned and it will be very much difficult to make them understand about this concept. We need to keep on telling them in as simple words as we can. Moreover, the role of government and international market carries a significant importance in this aspect.
Could not easily promote bitcoins to be used in local businesses.It must be first introduced properly so that businessmen will learn how bitcoin works and how easy to transact with it.
Before it is not but now that bitcoin has been heard on the mainstream medias and people keep on talking about cryptocurrencies, it's easy to advertise and encourage people who are engaging with local businesses. They are interested because the value of bitcoin is already $13,000 and that is making sense for real investors and businessmen. All they think is profit so bitcoin will be profitable to them and will catch their attentions.
We should not hesitate to accept the truth based on the facts. It is very difficult to the local business to accept payment in bitcoin due to the price fluctuation only. Transaction fees and the rate factor to be considered and solved then we expect the whole world will accept bitcoin in their day to day life it is for sure.
The most of the people who are sitting there in the local market are not that much well-educated and are unaware if the word of bitcoin even. The first thing which you need to do in order to get the positive results is that you need to make them aware of this thing. You need to tell them about bitcoin and the advantages of keeping bitcoin in as simple words as you can. This will greatly influence them. 
In order for that to happen for me i think the government should take part on supporting bitcoin as well so that local businesses will be assured to the new type of currency they will soon to accept and use, another one is by getting backed by most banks especially the one's that is run by the government or international bank.
I agree with you, apparently government support is what these businesses need as its the only way that will assure local businesses that accepting bitcoin will not put them in any sort of trouble with the authories(Law) as cryptos will be legalized to use.If more countries replicate the manner in which Japan handled the whole idea of regulating cryptos, cryptocurrencies should start to boom all around the world.
Could not easily promote bitcoins to be used in local businesses.It must be first introduced properly so that businessmen will learn how bitcoin works and how easy to transact with it.
I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment. The best part about accepting BTC is that they do not have any threat of charge-back from the customer. I am just looking for some more input before I start approaching some of these local retailers.
for me this action will only make them more aloof into crypto the more were trying to attract them the more they denied
it,lets just wait until they finally realize whats the importance of
this community to their business..what we need to do ia continue
help crypto to progress by advertising to our social media account
what is this and what can benefits them
Could not easily promote bitcoins to be used in local businesses.It must be first introduced properly so that businessmen will learn how bitcoin works and how easy to transact with it.
We should not hesitate to accept the truth based on the facts. It is very difficult to the local business to accept payment in bitcoin due to the price fluctuation only. Transaction fees and the rate factor to be considered and solved then we expect the whole world will accept bitcoin in their day to day life it is for sure.
I don't think local business to be encouraged to accept Bitcoin. Practically saying I am having my own building material shop I have purchased in one price and fixed my margin and ready sell and need to pay the supplier payment daily / weekly / monthly mode assume I sell getting bitcoin if the price goes up everybody happy if bitcoin in correction mode what will happen and the transaction fee also matter. So it is not easy to pull in business persons payment in bitcoin. We need to do some arrangement on studying this things to rectify then only bitcoin will accepted in local business.
I think we can encourage them if we show them the benefits and the profits that they can possibly get from bitcoin. Explained and Taught them about bitcoin if they were never been heard.
I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment. The best part about accepting BTC is that they do not have any threat of charge-back from the customer. I am just looking for some more input before I start approaching some of these local retailers.
They are going to do this when they are ready, bitcoin is not ready yet, the fees are very high and the network is slow so there is not a reason for merchants to adopt bitcoin but that is going to change. you can't actually encourage someone or tell them to accept because you feel it's right,what you can do is to introduce them with technology ,rest it is upon them whether they wanna use this stuff or not because business is all about profit and if they think aren't getting any margins from it they will not continue it,also bitcoin is not treated as legal tender in many many places, it can also be reason that they only wanna be stick to traditional methods,which are already established.
it may difficult to persuade someone to accept bitcoin in local market specially for those businessman who are not aware that bitcoin exist and how much its value. but maybe commercial advertisement on tv newspaper and social media can make things possible. giving some discount will be additional points Jump to: