How can we encourage local businesses to accept BTC? - page 23.

batang_bitcoin

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Quote from: ThatChange on September 12, 2017, 06:24:03 AM

Small local businesses are always interested to accept something that will make their business cheaper, simpler and more afortable and atractive to people. So a good will and patience is needed to explain them how can they improve their business by accepting Bitcoin.

And it's new in the ears of their customers or future customers if they will implement and accept bitcoin in their business. Something is unique with them by putting "BTCitcoin accepted here". Those big companies can't easily attracted because they are aware that everything in internet can be penetrated or stolen but they don't know bitcoin is different.

bubblebit

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For example in my place, if a local businessman wanted to put a bitcoin transactions that can't be a profitable idea for him/her. For some reason. Bitcoin is popular in internet or on web but mostly I know even heard about but never tried to, they don't even know how to earned and invest into this kind of things. Maybe because we don't or our government are still not passing a law about bitcoin.
So it's popularity isn't enough but it need marketing strategy that might be effective if the government will soon be one to endorsed it.

ThatChange

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Small local businesses are always interested to accept something that will make their business cheaper, simpler and more afortable and atractive to people. So a good will and patience is needed to explain them how can they improve their business by accepting Bitcoin.

jossiel

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Quote from: JoeStewart on September 10, 2017, 06:22:57 AM

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.

Legalization can happen as follows. If bitcoin isn't declared illegal in your country and they are not even classifying it as a illegal coin, activity or investment.

You can promote and encourage bitcoin easily to those business owners. Personally, I saw bitcoin as a good way to reach those foreign customers that wants to avail your product.

And by paying you with bitcoin and this is a good way to encourage them.

boyptc

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Quote from: suvo05 on September 10, 2017, 04:02:46 AM

I think it is hard to encourage existing local businesses to accept BTC first of all it is hard to explain bitcoin to a people who know nothing about it. And if his business is running well he would not want to bring another risk factor in his business (as btc value fluctuate so frequently he will look that as a threat). But for a new startup by a person,who know bitcoin well it is possible to start a shop, which accept bitcoin.

It's not hard if you known them operating for years. It's like you are going to offer them bitcoin adoption. In the first place explaining bitcoin to them is hard but if you know what you are offering. And you want their business to be unique by accepting bitcoin, maybe in finally they can accept bitcoin on their business.

Mister1k

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Quote from: raven7886 on September 10, 2017, 07:17:35 AM

Quote from: RogerCollins on September 08, 2017, 07:36:34 AM

All company's are interested in making profit and with the bitcoin this possible, you can let anyone pay with the bitcoin that are coming from all over the world and you can control it yourself too.

No local business will accept to make use of Bitcoin due to its slow form of transaction; you wouldn’t like to stand and wait for 15 minutes (possibly 1hr) in a store buying a particular stuff. So cash is the best option. Unless the lightning network is released, but cash is always the best option locally; Bitcoin is for online.

Worst thinking from you. If you increase the fees then automatically the transaction will be done in few minutes. Whenever you send the transaction you must be having a default fees in the wallet provider site sometime delay may happen due to block lagging. Local business people can accept the bitcoin because it is not only a money it is asset to everyone.

Therly

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There is no numerous techniques how to stimulate company to settle for bitcoins. They are frightened of unstable value of bitcoin, it truly is challenging to declare and shell out taxes for it and lastly, they still want to exchange obtained btc their local currency. And most imprtant thing - there is nevertheless not sufficient people who will pay in bitcoin. And it's like closed circle - numerous men and women don't use bitcoin, simply because it truly is difficult to discover locations the place bitcoin approved.

metalbean

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It's always very challenging to move from a traded token to a token for payment, unless the token itself has internal value much like gold, or the recognition of a central authority. I know the central authority part sounds very anti-crypto but it has been like this since ages, maybe it will change in the future who knows with bitcoin being the real daily currency.

Also, we should support tokens that have real life usage, that way the token can be used to buy, or at least, trade for something. SLVR is one that is actually peg to real silver, another one is USDT but I am not sure how it can continue maintaining 1:1 with USD.

raven7886

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Quote from: RogerCollins on September 08, 2017, 07:36:34 AM

All company's are interested in making profit and with the bitcoin this possible, you can let anyone pay with the bitcoin that are coming from all over the world and you can control it yourself too.

No local business will accept to make use of Bitcoin due to its slow form of transaction; you wouldn’t like to stand and wait for 15 minutes (possibly 1hr) in a store buying a particular stuff. So cash is the best option. Unless the lightning network is released, but cash is always the best option locally; Bitcoin is for online.

JoeStewart

newbie

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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.

suvo05

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Activity: 1162

Merit: 260

I think it is hard to encourage existing local businesses to accept BTC first of all it is hard to explain bitcoin to a people who know nothing about it. And if his business is running well he would not want to bring another risk factor in his business (as btc value fluctuate so frequently he will look that as a threat). But for a new startup by a person,who know bitcoin well it is possible to start a shop, which accept bitcoin.

GrowingCoins

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Business man want sales, if you offer them a way to get rid of the bitcoins they earn by sales, they will certantly accept bitcoins as paymet method.

mharz

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Quote from: concept2 on September 09, 2017, 01:11:36 PM

Quote from: Shamie1002 on September 09, 2017, 10:21:36 AM

Local businesses are afraid of losing a great capital. Using bitcoins are risky for them.
Mainly because prices are not stable. They are afraid of crashes especially for a long period of time. It will mainly affect profits.
One more thing is that it is not yet legalized be government. No business will accept a currency without the assurance of its worth.
They would rather use cash for it is tangible, secured and stable in price. I

I agree with you. The stability is one of the important issues. but I think that customers will not care about this feature. Fee is more important. I believe that it is hard for someone to spend their bitcoin right now due to the high fee and slow confirmation. Moreover, the price of bitcoin is very high which has made people hold their bitcoin instead of spending it

Yeah right I agree but I have 1 suggestion let introduce first the bitcoin in local, because if the local can't know the bitcoin and their good effect to their business there's no sense to accept it. Otherwise teach local businesses also how to apply bitcoin in their business.

TechBench

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First of all it should be legal. Business should not get problems from government when they start accepting crypto. So - the legal question is on the first place.

voztata

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Quote from: weblouartisan on September 06, 2017, 04:04:20 PM

For you to get their attention you need a business proposal or a formal meeting or rather call it a presentation. Because if you are going to talk to a businessman it will always ask how much profit they can get from you so you need to explain it professionally.

That’s impossible because local businesses requires cash, and not digital and mobile stuffs or whatever you may call it. If it was possible, local businesses would have started with PayPal, even before bitcoin. The only business that can accept mobile or online payment are big business.

concept2

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Quote from: Shamie1002 on September 09, 2017, 10:21:36 AM

Local businesses are afraid of losing a great capital. Using bitcoins are risky for them.
Mainly because prices are not stable. They are afraid of crashes especially for a long period of time. It will mainly affect profits.
One more thing is that it is not yet legalized be government. No business will accept a currency without the assurance of its worth.
They would rather use cash for it is tangible, secured and stable in price. I

I agree with you. The stability is one of the important issues. but I think that customers will not care about this feature. Fee is more important. I believe that it is hard for someone to spend their bitcoin right now due to the high fee and slow confirmation. Moreover, the price of bitcoin is very high which has made people hold their bitcoin instead of spending it

Rana590

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Really a good work for you. In this case you need maintain some rules. You can't say everybody one by one. You need to effective way. Make a group or use social media for it. Discuss with advantage of bitcoin like low fees, fast transaction, secure and safe. Hope they will be interested.

Shamie1002

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Local businesses are afraid of losing a great capital. Using bitcoins are risky for them.
Mainly because prices are not stable. They are afraid of crashes especially for a long period of time. It will mainly affect profits.
One more thing is that it is not yet legalized be government. No business will accept a currency without the assurance of its worth.
They would rather use cash for it is tangible, secured and stable in price. I

sergio red

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Quote from: geniabelty on September 09, 2017, 09:41:01 AM

It is quite hard to encourage businesses to accept Bitcoins due to the fact that It's not "YET" Legally accepted worldwide. Local Businesses prefer to have their local currency as payment. Easy transaction and less hassle for these businesses. Second, is that the volatility of the industry discourages these businesses to accept Bitcoin as they're afraid that one day the value of Bitcoin will drop from zero.

well explained. basically, every local business person wants to stay safe and hassle free transaction. so that they always prefer to pay or give their

locally accepted currency. if Bitcoin would be legal currency all over the world then it will not a problem to encourage them to use bitcoin in their

transaction. also, Bitcoin is not a stable price so it is also a constraint to use regarding business purpose.

geniabelty

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It is quite hard to encourage businesses to accept Bitcoins due to the fact that It's not "YET" Legally accepted worldwide. Local Businesses prefer to have their local currency as payment. Easy transaction and less hassle for these businesses. Second, is that the volatility of the industry discourages these businesses to accept Bitcoin as they're afraid that one day the value of Bitcoin will drop from zero.

Topic: How can we encourage local businesses to accept BTC? - page 23. (Read 185054 times)