Topic: How can we encourage local businesses to accept BTC? - page 30. (Read 184968 times)
We must encourage the local bussiness to accept BTC in their bussiness, so that they are updated to the latest bussiness transaction in our networking society. Many bussiness sector use BTC as their bank account or we should say their money. BTC is the most legal way to transact bussiness using bitcoin as your money. As the year passes by many bussiness sector overcome the network society where online bussiness already produced. So the needs of the local bussiness must required through BTC, and they must know the good benefits of btc in their bussiness cycle.
Well, i guest one of the struggle is also the number of scams and illegal history in relation to the bitcoin world. It will be hard for the business to trust and risk especially this is with regards to the actual economy. If only we will decrease the number of fraid in relation to bitcoin, i guess they will have a chance to venture this kind of transaction.
It depends where do you live. In my country it would be hard to encourage someone to accept btc for some product or service.
Soon, many countries are going to recognise btc and they will try to regulate it somehow. We will see how is it going to look like. Probably btc is going to be widely used then.
Soon, many countries are going to recognise btc and they will try to regulate it somehow. We will see how is it going to look like. Probably btc is going to be widely used then.
there is a lot of those businessmen who deals with that kinds of invesrments you've mentioned, but the probleme is how it iw to be implemented. One ways to implement this is you should be developing a seminars for these people who engaged on a particular business. It can be consumers, owners and other people who planned a future business ahead. The aim is to attract those people regarding the profit that they may gain if they will accept bitcoin as payment of their businesses, more importantly is the time consumed of transactions; and it's a cashless type of spending. Let them register an online wallet in order for them to have assurance on the earnings they will.be having soon bitcoiners will transact in a test run to those businessmen.
That is good explanation but what about the fluctuation of bitcoin price. I think it will be the single point which will make It more difficult to convince them to invest their money in bitcoin, or use bitcoin for their business. I think it will become easier if the price of bitcoin become stable and when we become able to expect less fluctuation in the price of bitcoin otherwise they will fell hesitation to add bitcoin in their business. Yes your right if the price of bitcoin will be stable theres a way that some of local business will encourage to accept and if the owner has a knowledge about bitcoin. Hope it would be pass very soon ive only imagine it if some of them would accept bitcoin.
Easy to say but how is it going to be done exactly? will you be controlling the supply and demand which is clearly impossible. manipulation is another thing which doesn't last for
too long. with bitcoins high volatility rate i say its a dream within a dream. even if the price is not stable there is still a huge potential that the local businesses will accept it.
to the best of my knowledge a number of local businesses on japan are currently accepting bitcoin so far so good because there will be more stores that plans to accept it.
perhaps by introducing bitcoin to the community, and local sellers. besides that we also have to explain the advantages and benefits bitcoin transactions are easy and fast. simply multiply excellence in bitcoin might also be introduced. so maybe they would be interested to receive and use bitcoin
You need to elaborate on how you are going to introduce bitcoin to your community. The normal way is by just showing them the price of bitcoin and let them think if they are interested to know on how bitcoin is going to help them with their business. That's the major help they need on how bitcoin can boost their business.
there is a lot of those businessmen who deals with that kinds of invesrments you've mentioned, but the probleme is how it iw to be implemented. One ways to implement this is you should be developing a seminars for these people who engaged on a particular business. It can be consumers, owners and other people who planned a future business ahead. The aim is to attract those people regarding the profit that they may gain if they will accept bitcoin as payment of their businesses, more importantly is the time consumed of transactions; and it's a cashless type of spending. Let them register an online wallet in order for them to have assurance on the earnings they will.be having soon bitcoiners will transact in a test run to those businessmen.
That is good explanation but what about the fluctuation of bitcoin price. I think it will be the single point which will make It more difficult to convince them to invest their money in bitcoin, or use bitcoin for their business. I think it will become easier if the price of bitcoin become stable and when we become able to expect less fluctuation in the price of bitcoin otherwise they will fell hesitation to add bitcoin in their business. Yes your right if the price of bitcoin will be stable theres a way that some of local business will encourage to accept and if the owner has a knowledge about bitcoin. Hope it would be pass very soon ive only imagine it if some of them would accept bitcoin.
there is a lot of those businessmen who deals with that kinds of invesrments you've mentioned, but the probleme is how it iw to be implemented. One ways to implement this is you should be developing a seminars for these people who engaged on a particular business. It can be consumers, owners and other people who planned a future business ahead. The aim is to attract those people regarding the profit that they may gain if they will accept bitcoin as payment of their businesses, more importantly is the time consumed of transactions; and it's a cashless type of spending. Let them register an online wallet in order for them to have assurance on the earnings they will.be having soon bitcoiners will transact in a test run to those businessmen.
That is good explanation but what about the fluctuation of bitcoin price. I think it will be the single point which will make It more difficult to convince them to invest their money in bitcoin, or use bitcoin for their business. I think it will become easier if the price of bitcoin become stable and when we become able to expect less fluctuation in the price of bitcoin otherwise they will fell hesitation to add bitcoin in their business.
I have found that food truck operators that have the ability (and familiarity) to use an electronic payment system, are often really eager to hear about bitcoin. I'm guessing those guys aren't too picky about their customer base, but we got a snowball stand and a cupcake truck to accept btc after kicking it with the owners a bit. To be fair, they were hipster (not saying this as a slight, but a indication they are familiar with current consumer technology) but hey, adoption is adoption.
One of the strategy to let local businesses around your area get to adopt bitcoin is to present and introduce this to the one's who are definitely active in using the current technology. Because they are the one's who is gonna demand for its market usage. It is like inquiring to any establishment if "Do you accept bitcoins here?" So if the demand goes higher then the local businesses will find ways to address the payment mode of the costumer. So if possible you have to educate both.
perhaps by introducing bitcoin to the community, and local sellers. besides that we also have to explain the advantages and benefits bitcoin transactions are easy and fast. simply multiply excellence in bitcoin might also be introduced. so maybe they would be interested to receive and use bitcoin
ive been really thinking about this and how can i accumulate bitcoin also
when i order online i always ask if they accept bitcoin as payment and the usual reply was "what is bitcoin?"
i feel bad only small percentage specially here in our country has knowledge about bitcoin
so i said i guess aside by trading cryptocurrencies i would love to have an online store and accept btc as payment
and keep it wait for the increase in value is it nice double profit haha
i guess all we can do to contribute is spread the news guys
when i order online i always ask if they accept bitcoin as payment and the usual reply was "what is bitcoin?"
i feel bad only small percentage specially here in our country has knowledge about bitcoin
so i said i guess aside by trading cryptocurrencies i would love to have an online store and accept btc as payment
and keep it wait for the increase in value is it nice double profit haha
i guess all we can do to contribute is spread the news guys
I think Global business are already accepting Bitcoin. But in local business in local country need to accept bitcoin for encouraging Bitcoin. This should be a convincing matter of Govt. In today democracy most of the country like India and USA also not accepting bitcoin fully as accepted partially.
Maybe the best way is orienting them about bitcoins and telling them what is the benefits of getting into bitcoin and benefits in accepting it in businesses in this days,that would do alot i think
The problem is not many people know about bitcoin, especially in my country. So, if a shop accepted bitcoin, it's like a useless move. Because nobody in my area using bitcoin.
Once someone opened it up, it's a great step.
I will share you the journey of our local exchange here, coins.ph. It was established even the status of bitcoin users here in the Philippines is not that much. I think Im using their service for 6 months before I noticed the increase in adoption of bitcoin here in our country. Take note, they have a service that really you can't find on any exchange despite the fact that only few people will used it since bitcoin is not known well here.
But today look how far it grows. Most of the bitcoin newbies uses coins.ph as their first wallet and now began exploring how to earn bitcoin. Currently, there are already lots of people who uses their service and that means that the adoption of bitcoin really grows. You have to take the risk before making it become successful which their team did.
The problem is not many people know about bitcoin, especially in my country. So, if a shop accepted bitcoin, it's like a useless move. Because nobody in my area using bitcoin.
try to invest in some Eload retailers using your bitcoins and also introduce first bitcoins in your retailers and also in your buyers,, we can encourage them to use bitcoin but not in fast way we can encourage them in step by step so that they will not difficult to understand.
Don't expect that it will be fast for those local businesses to understand and think that bitcoin can be profitable and helpful for their business. As there are some that will stay for cash to cash basis, credit card and PayPal payments. But of course there are people that are open minded when it comes to the upgrade of technology and willing to understand it, your idea is good.
Yes take one step at a time and it will always be not too hasty since it is a business involved. Those business owners will clarify and know everything just for the security of their investment, business and money. They won't allow themselves to be taken for granted so they will even do their very own research and once they are convinced, they will volunteer ask us with it.
there is a lot of those businessmen who deals with that kinds of invesrments you've mentioned, but the probleme is how it iw to be implemented. One ways to implement this is you should be developing a seminars for these people who engaged on a particular business. It can be consumers, owners and other people who planned a future business ahead. The aim is to attract those people regarding the profit that they may gain if they will accept bitcoin as payment of their businesses, more importantly is the time consumed of transactions; and it's a cashless type of spending. Let them register an online wallet in order for them to have assurance on the earnings they will.be having soon bitcoiners will transact in a test run to those businessmen.
Yes such businessmen need to introduce bitcoin in their area, they need to arrange seminar and other such programs through which they can collect people. As soon as people will get knowledge about bitcoin and as soon as they will start using bitcoin for purchasing stuff the merchants will become more confident and will allow people to use bitcoin for shopping, but it think to educate people about bitcoin it is a time consuming activity and not so easy.
try to invest in some Eload retailers using your bitcoins and also introduce first bitcoins in your retailers and also in your buyers,, we can encourage them to use bitcoin but not in fast way we can encourage them in step by step so that they will not difficult to understand.
Don't expect that it will be fast for those local businesses to understand and think that bitcoin can be profitable and helpful for their business. As there are some that will stay for cash to cash basis, credit card and PayPal payments. But of course there are people that are open minded when it comes to the upgrade of technology and willing to understand it, your idea is good.
3-5% is still a large difference than almost 100% transaction fees for bitcoin's microtransactions. You can never hide the fact that bitcoin users would know that when they are going to do a microtransaction, the transaction fee is almost equal to the amount that they are sending. You're just going to waste your time setting up all these "we accept bitcoin" things since most bitcoin users wouldn't use that service anyway if they are being practical.
Lol. Credit card machines? You can literally just plug in a credit card scanner to your phone in order to have a card transaction.
Lol. Credit card machines? You can literally just plug in a credit card scanner to your phone in order to have a card transaction.
400 satoshi cost 1 cent of dollar currently.
EDIT: big bull I said, forgot to add the bytes
size of transaction=in * 146 + out * 33 + 10 gives 189 bytes minimum, with BTC = 2500 USD this would make a minimum of 1.89 USD. If the creditcard charges 3%, the BTC is better for payments over 63 USD.
But most local businesses are selling simple stuffs like coffee, fruits, vegetables, donuts, etc. Those stuffs don't go higher than 63$. Nice computation, by the way, but that just gives us a conclusion that bitcoin is only good to use for huge purchases. As the time goes by, the transaction fee is going higher and higher. I was surprised last night seeing that a small transaction costs 0.002BTC for transaction fee. As time goes by, that 63$ for btc being a better payment method goes higher and higher. It might be 63$ today but it can be 70$ next week, and so on.
And I know the answer after all research. Customers should have discounts when they will to pay with btc.
Sure discounts attract customers. But as a local business owner, are you prepared to charge less to people just because they are using bitcoins? You're lowering your profit with this choice.
Yes there is a lot of those businessmen who deals with that kinds of invesrments you've mentioned, but the probleme is how it iw to be implemented. One ways to implement this is you should be developing a seminars for these people who engaged on a particular business. It can be consumers, owners and other people who planned a future business ahead. The aim is to attract those people regarding the profit that they may gain if they will accept bitcoin as payment of their businesses, more importantly is the time consumed of transactions; and it's a cashless type of spending. Let them register an online wallet in order for them to have assurance on the earnings they will.be having soon bitcoiners will transact in a test run to those businessmen.
try to invest in some Eload retailers using your bitcoins and also introduce first bitcoins in your retailers and also in your buyers,, we can encourage them to use bitcoin but not in fast way we can encourage them in step by step so that they will not difficult to understand.
Don't expect that it will be fast for those local businesses to understand and think that bitcoin can be profitable and helpful for their business. As there are some that will stay for cash to cash basis, credit card and PayPal payments. But of course there are people that are open minded when it comes to the upgrade of technology and willing to understand it, your idea is good.
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