Topic: How can we encourage local businesses to accept BTC? - page 13. (Read 184968 times)
This strategy can be referred to as marketing because encouraging them to use btc means promoting its advantage to other payment means. By telling them the advantages i will tell them the step by step procedure making it easy for them to understand and eventually use them.
I think we first need encourage the government to recognized bitcoin, cause most of the citizen trust government in this kind of thing if thew saw the potential of bitcoin they will realize that bitcoin really is worth it, when the government announce in one country that bitcoin is reliable the a lot of people will get interested in bitcoin and they are the ones that's gonna use and accept bitcoin themselves, there will be a mass adoption and not just local business but even the big name's in the industry might accept bitcoin as well.
There is no way that we can deny this fact that government has a very vital role in this aspect. Other than convincing our government, there is one more thing which can help us in encouraging the local business to start accepting of bitcoin and that is we actually need to make them aware of this concept of bitcoin. We really need to tell them the benefits which they’ll be able to enjoy once they will start accepting bitcoin. This will help us in encouraging them.
Bitcoin is strong, because its price is increasing . We can capitalize on this when we introduce Bitcoin to local businesses. Transaction is favorable to the merchant because there is no chargeback meaning unlike paypal, once the payment is done, merchant does not need to anxiety about the payment to be charged back. So probably that is one of the aspect we can tell the merchant to catch their interest in accepting BTC.
The basic thing to do is explaining to them the benefits of bitcoins. But it is a long process to them in order to understand the bitcoin. They maybe invest some of it in order them to allow or accepting bitcoin as a payment. The best way to do is part by part saying that bitcoin can help them in their local business.
I think it has to start from the government. It's hard for local businesses to accept BTC when the local goverment banned it.
We need to promote it by our own way. We have a very popular exchange here in our country that has referral rewards so by just posting my referral sign up link in forums and social medias then I contribute to spread the news about bitcoin which will eventually result for local businesses to consider accepting btc.
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.
We can encourage local businesses through determining all the advantages of bitcoin tell them that they can earn high profit than what they earn in their own businesses. Business woman or man is known as a risk takers so tell them that in bitcoin they can face a lot of risk which is the same thing in business but in bitcoin the higher the risk the higher the return.
I think this is only possible if bitcoin prices stabilize. As of now prices are quite volatile and it will be hard to use bitcoins to buy anything reliably. For example you both something just now and the price is $8,000 and after just a few minutes the price is already $8,100 that means you kind of overpaid.
I think depending on the country you live in, your government has accepted bitcoin as a payment method or there are policies that encourage virtual currency payment that can encourage local businesses to accept receive bitcoin.
As long your country is not banning bitcoin you can encourage local businesses out there. But it's a struggle and the question of how you'll convince them to start accepting bitcoin that's merely a hard thing for new developing countries and still not knowledgeable about bitcoin nor blockchain. Take step at a time, tell bitcoin is like a PayPal or remittance service where it has faster transaction.
Well, you need to promote it by yourself. All of us can help spread awarness bout bitcoin by doing simple things like sharing articles through social media sites or giving satoshis to others. I'm sure that those act will lead to encourage local businesses easily.
Exactly! The most important thing which we need to do is to make people aware of this word of bitcoin as well as crypto currency. If the traders sitting in the local business market will get to know about bitcoin, then they will for sure go for accepting of bitcoin. In addition to this, the role of international market also carries a significant importance in this regard. They can also motivate the local market to go for accepting of bitcoins.
I think we first need encourage the government to recognized bitcoin, cause most of the citizen trust government in this kind of thing if thew saw the potential of bitcoin they will realize that bitcoin really is worth it, when the government announce in one country that bitcoin is reliable the a lot of people will get interested in bitcoin and they are the ones that's gonna use and accept bitcoin themselves, there will be a mass adoption and not just local business but even the big name's in the industry might accept bitcoin as well.
Funny, there is nothing left for the government to recognize here, right from the time Bitcoin was launched the government knew about it and has followed up till now. Those of them who feels it will disfavor them in one way or the other has decided to ban once and for all, and the rest continues to watch and see what comes of it. They won’t accept it as payment method. And by the way, if you need anything, you better buy it online.
I think depending on the country you live in, your government has accepted bitcoin as a payment method or there are policies that encourage virtual currency payment that can encourage local businesses to accept receive bitcoin.
I am having my won hardware retail shop in India dealing with all building materials. The thing is rate of bitcoin is every now and then changing basic mentality (phycology) is if rate high only says its ok when price goes down we will be very much upset. So because of that only business people not accepting bitcoin. Everybody want changes but who will change the big question is raised every time. So time will tell the answer for this. I believe people like me are getting knowledge about bitcoin and we are working to accept bitcoin as payment practically saying it need more few years to fully implemented.
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I think the best way to achieve this goal is to present Bitcoin as an alternative to credit card or paypal, presenting as something really progressive secure, and with all the advantages that Bitcoin have.
Also the best thing to talk about is the cost, aside from the fee for the transfer there is nothing else
Also the best thing to talk about is the cost, aside from the fee for the transfer there is nothing else
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.
Introducing bitcoin in the market is the best way to encourage local businesses to accept bitcoin in the market, also maybe we need to explain the good and bad effect of bitcoin in the local because I think if they can't know that. They were scared to used bitcoin as cash for the future.
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.
Some shops already have quick response rules to pay for. Show them how simple and easy , inexpensive it is to setup a qr deal and the way to consist of intirgrate of bitcoin within the shop and let them know more about bitcoin by itself.
Exactly! The only thing which can help you in encouraging the ones who are there in the world of local business is to tell them as much as you can about bitcoin. This will help them in better understanding of this concept of bitcoin. Once they will get to know about the features of bitcoin, they will for sure go for accepting bitcoin. In addition to this, international market can have a strong influence in this regard.
Some government doesn't allow using a different currency than the official fiat in daily life. As long as every country has a functioning government like that, no chance for BTC.
To be honest encouraging local businesses to accept Bitcoin is easy, the problem is that the legality of the transaction. Some countries still don't accept Bitcoin as a form of payment or so and Local Businesses are bound to disclose it's earnings yearly (Based from our country) and if the Government finds out that they didn't disclose/declare the profit of the Business, It has punishable offense of prison and/or for closure of the Business.
In our country, The numbers of the Bitcoin users is relatively high so these local businesses don't need to be concern about the how many people will use it. Also, there are already owners who are aware of this currency so having that said it's not that hard to adjust once a law is passed. Allowing Bitcoin to be used for any transactions.
In our country, The numbers of the Bitcoin users is relatively high so these local businesses don't need to be concern about the how many people will use it. Also, there are already owners who are aware of this currency so having that said it's not that hard to adjust once a law is passed. Allowing Bitcoin to be used for any transactions.
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