Topic: How can we encourage local businesses to accept BTC? - page 3. (Read 184968 times)

I think the only problem of BTC is the lack of stable prices (its price up and down 1000-2000 $ is a story frequent). Furthermore BTC not optimal as ETH. if BTC solve this they will be the water and organizations in the world. but this requires BTC to innovative technology and this must be the consent of investors. this is difficult to happen for the sake of them. so story that BTC accepted payment is a hard work to trade-in both the money and time of thousands of people.

Bitcoin in our country is not that popular enough that even our local businesses would venture and explore. But a way to encourage them is to make bitcoin more popular in the country then explain everything about bitcoin all its advantages and benefits. This will make local businesses increase their investments and widen their business not just offline but also online since bitcoin is a cryptocurreny. There are lots of benefit bitcoin can give let us show them what are those and prove to them that bitcoin will give them postive outcomes for their business.

That is too much important and is in favour of Bitcoin. Through this way bitcoin will become more stronger and more popular. Currently local businessmen are not taking more interest in bitcoin and the reason can be that still they do not have enough knowledge about bitcoin, i think they need proper knowledge about bitcoin, so that they can also start taking interest in bitcoin.

There has been success by us in Miami with meetups for newbies, smbs and general public. Most smbs near us simply don't understand how it can be beneficial to move into bitcoin or other and I honestly dont think it is for most smbs until the volatility stabilizes but good luck!

By explaining how much exposure (media coverage) a business gets when starts accepting bitcoins...

Although it is not complicated but i think that still it is not so easy, specially in backward countries where the traders are mostly illiterate and they do not have enough knowledge about computer and internet, I think it will take a long time when the new generation investors and traders will get education and will taking interest in bitcoin. May be it will take more than decades.

People are generally afraid of the things that they don't understand. And in today's world, not giving a sh.t is a result of being afraid in my opinion.

So, if people understand the system more, they will be less afraid to get into it. Bitcoin seems to be a huge hype and people are wondering what it is but in today's term, without any governmental actions & regulations & stuff, people won't be interested into the stuff that speakers from Bitcoin world says.

First of all we should tell them what bitcoins is and how it works and then explain it carefully and when you got their trust and starting to believe you, that's the time your bitcoins will be accepted.

It's not complicated. Just tell them you will only buy from them if they take bitcoin. I have convinced about 10 businesses to accept my bitcoin. Later this week I get a haircut from someone who agreed to take BTC. Want my money, then take my bitcoin. Bitcoin is "my" money.

Encouraging the local business in the acceptance of bitcoin is a very hard thing to do especially to those closed minded person. But we we try to explain the feature of bitcoin which is volatility and this is also a digital currency. Maybe they will like the idea.

If we’re going to get more merchants to start accepting Bitcoin, we’re going to need to start explaining the benefits a bit better. Merchants will not accept Bitcoin unless they know that someone out there will use Bitcoin to purchase their goods or services. Merchants will not accept Bitcoin unless they know that someone out there will use Bitcoin to purchase their goods or services. Using bitcoin for purchases encourages mainstream adoption and will thusly contribute to the value of your long term holdings as well. Ultimately if no one is spending bitcoin, it won’t be worth anything as a store of value either.

I agree its the new way to gain profit and make your company very popular these days, I really think its a hole in the market this days.

Two words, Lightning Network. Right now it is functional and certain retailers are using it right now even though it is in beta testing phase. The hype is definitely palpable in the bitcoin world and i think that a lot of analysts and journalists were absolutely not and some still aren't taking this into consideration when evaluating bitcoin and spreading fear amongst the cryptocurrency community.

This is happening for the simple reason that they are not aware of it existing, but some are picking up on it and it'll only go forward from here, in journalism or in any analysis you certainly don't want to be the last one to news of this magnitude.

It is up to every retailer to set up their own Lightning network node, i strongly encourage you to read about the project of the lightning network and its different layers which is currently being pushed firmly into development of a new layer to make it scalable in the long term in a sort of contest throughout universities having access to the lightning network code. 

You can understand from this that the lightning network is designed specifically to address this retailer problem, the resulting consequences of installing a lightning network node in a business is of course reduced operating costs as well as faster transaction processing times.

Well, it is a long process since a lot of businessmen today are very intimidating when money matters count. Maybe, a good communication should at least be established with clear platform to be understood with both parties so that there will be no confusion at the end. I guess, there are already some business who are open in accepting BTC as payment. If BTC will be in the market, then it will be easier to transact businesses already and promoting BTC is also an easy task for everyone. But only, if all people will understood the trading investment everything will followed smoothly.

Nowadays, the bitcoin became more popular and even some other businesses adopted bitcoin and accept this as one of the mode of payment and it is making us to easy encourage the local businesses to accept BTC, just like my neighbor who had a small store in our village, she is now accepting BTC due to it's popularity and the fast rising of it's price.

     I think social media can help a lot to spread out the benefits and advantages of bitcoin. If the local businesse know more about it,i think they will engage in bitcoin too. And if they have proof that bitcoin is real and trusted,then it will be easy to encourage them to enter in bitcoin world.They will see what will bitcoin brings to their businesses.

Well 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, so better to explain the more advantages of bitcoin.

If you verbally approach to them using your tongue directly..they might just get confuse either mock you. Instead, encourage them by giving solid videos manifestting the advantages of Bitcoins.

Right now we're low in number, so it's good to find a place where people are aware about bitcoin and then start accepting bitcoin on service rendered on those particular location could profit us. In specific online stores were the best business with bitcoin acceptance and in local we haven't reached such a level.

after number of unconfirmed transaction rise to 400,000 and fee expensive than normal transaction price we can’t encourage local  businesses to accept BTC. some altcoins is better than bitcoin like ripple, ether or other altcoin.
offline market can’t support this kinds of payment