Topic: How can we encourage local businesses to accept BTC? - page 35. (Read 185011 times)
we can encourage them but not that fast, we can make our way in simplest way try to introduce first the bitcoin to them and make money on bitcoin show them your proofs that's the way you can encourage them not that fast but sure.
I am happy that I have successfully added BTC to one of the coffee shops near my locality. But soon BTC fees got high and got too much delay in the confirmations so they started accepting LTC, Faster and having a good price right now. Thanks to the people in my locality who transact in BTC, ETH and LTC, it became easier for the Coffee shop.
No local business would or should announce bitcoin payments without any survey for checking if there are enough bitcoin users around so that they can get some customers who are willing to pay in bitcoins, otherwise their adoption would be purposeless if there is no one willing to pay with bitcoins around there.
I don't think you even need a survey in order to know that customers want to use Bitcoin as a mode of payment as you will see it in the real world, from the news of it to the price of it. And I don't think that the popularity is one of the concerns of those local businesses. One thing for sure is that Bitcoin is a volatile currency and local businesses does not have the chance of accepting a big risk into their small market. By accepting Bitcoin as a payment they would take the risk of having higher or more likely lower income compared to accepting Fiat currency.
No local business would or should announce bitcoin payments without any survey for checking if there are enough bitcoin users around so that they can get some customers who are willing to pay in bitcoins, otherwise their adoption would be purposeless if there is no one willing to pay with bitcoins around there.
Bitcoin should be configured in POS machines of merchants so that they can accept direct BTC payments , and settlement shld be to their local bank accounts
If we are capable of pursing themselves and convince themselves then they could be interested to use Bitcoin as a transaction tools. If we can convince them and also make them understand the importance of Bitcoin then they will use it willingly. Day by day many local people are being engaged in 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.
Promotions and also price promos will be a very big thing. We can give a special discount for bitcoin users, now many services that do such a way. Banks give discounts for every shopping done. And this is one way that bitcoin can emulate and apply. We must start from the simplest.Yes, very well, If we follow these rules and apply them.
Than it is a way to promote the bitcoin and in this way, people can use bitcoin in their regular life, and in local businessman feel encouragement to use it, also everyone know about bitcoin, who don't know before it, and in my country, a huge people don't know about 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.
Promotions and also price promos will be a very big thing. We can give a special discount for bitcoin users, now many services that do such a way. Banks give discounts for every shopping done. And this is one way that bitcoin can emulate and apply. We must start from the simplest. 
encouraging local businesses to accept not only bitcoin but some other worthy cryptocurrency seems not to be so hard nowadays, it is due to the innovations and the influence of the information technology and the help it will bring to everyday's life.
for someone who can show the advantage of the information technology, he or she can easily encourage the business owner to accept or use bitcoin into his or her business.
for someone who can show the advantage of the information technology, he or she can easily encourage the business owner to accept or use bitcoin into his or her business.
But those technology you've mentioned has not been approved by major business establishment and bitcoin would get a big struggle to reach that far since business minded people would surely goes to the payment processor who's been tied up with banks so that they can have assurance that it would be safe and stable so that they will not lose some money for this matter.
encouraging local businesses to accept not only bitcoin but some other worthy cryptocurrency seems not to be so hard nowadays, it is due to the innovations and the influence of the information technology and the help it will bring to everyday's life.
for someone who can show the advantage of the information technology, he or she can easily encourage the business owner to accept or use bitcoin into his or her business.
for someone who can show the advantage of the information technology, he or she can easily encourage the business owner to accept or use bitcoin into his or her business.
That's why we need to do something in able to encourage them and put their interest into bitcoin.
People are discussing that "Something" which you have mentioned. If we let them know that BTC price will increase in the future and show them the graph how it has raised to 1900$+. They should understand that BTC will not be just a payment gateway, it will also be savings for future, then only we have a chance of getting them on board.
While that may be true at the moment, the value of the bitcoin could easily fluctuate up or down, increasing the risk for any local businesses wishing to accept bitcoins. This is potentially harmful for companies wishing to accept bitcoins because of the potential for its value to plummet, and thus entail huge losses for them. If we want to promote BTC, we must first instil confidence of bitcoins for local businesses.
Unfortunately I don't see this happening until a major financial crisis happens. Most people don't understand or care about the current financial system, and how it works so long as the party keeps going. I see inflation everywhere I look nowadays, and people accept it as the norm since that's all they've known their whole lives.
When the lights go out, that's when all holders right now in bitcoin end up becoming the new 1% afterwards.
How is bitcoin going to solve inflation?When the lights go out, that's when all holders right now in bitcoin end up becoming the new 1% afterwards.
inflation is the gradual loss in value of a currency.
The price of bitcoin has been rising drastically over time. This has the same effect as deflation.
And deflation is far worse for an economy than inflation.
The price of bitcoin will have to stabalise before it is widely accepted as currency.
Yes, right now using bitcoins for your business can be a pretty crazy idea, you can easily lose hundreds if not thousands of dollars in a matter of days or even hours with the volatility that bitcoin has right now, no one would want that and there is always the possibility of a big crash making you lose way too much money.
It is ok. Using bitcoin payments more secure and comfortable than anything else, but the impact of this on the usage will now be bad for Government. Just be careful with government!
Only this impact that will make the businesses to step back is only if they are going to rely always with the government's rule about crypto currency.
But most of the government's now still doesn't have an insight about bitcoin or crypto currency.
And there's no need to worry regarding this matter if the government will try to get into controlling of bitcoin transactions.
Unfortunately I don't see this happening until a major financial crisis happens. Most people don't understand or care about the current financial system, and how it works so long as the party keeps going. I see inflation everywhere I look nowadays, and people accept it as the norm since that's all they've known their whole lives.
When the lights go out, that's when all holders right now in bitcoin end up becoming the new 1% afterwards.
How is bitcoin going to solve inflation?When the lights go out, that's when all holders right now in bitcoin end up becoming the new 1% afterwards.
inflation is the gradual loss in value of a currency.
The price of bitcoin has been rising drastically over time. This has the same effect as deflation.
And deflation is far worse for an economy than inflation.
The price of bitcoin will have to stabalise before it is widely accepted as currency.
Unfortunately I don't see this happening until a major financial crisis happens. Most people don't understand or care about the current financial system, and how it works so long as the party keeps going. I see inflation everywhere I look nowadays, and people accept it as the norm since that's all they've known their whole lives.
When the lights go out, that's when all holders right now in bitcoin end up becoming the new 1% afterwards.
When the lights go out, that's when all holders right now in bitcoin end up becoming the new 1% afterwards.
Well media propaganda will go a long way in informing the public on why is good for them to transact there business with the use of Bitcoin and the benefits for them to store their money in bitcoin as compared to their local currency. But note that if you want to visit their individuals shop to educate them on the important of Bitcoin it may look as if you are doing a marketing job with your personal interest which may be unknown to them. So you need to be careful of your words when trying to educate them one on one , on the important of Bitcoin.
Media propaganda about the benefits of accepting bitcoin as a mode of payment will go in a long way in improving bitcoin images to the local and those that see it as scams'
But who will do it ? Merchants may advertise that they are the accepting bitcoin payment but how customers will go for advertising about emphasizing the benefits of accepting bitcoin payments to merchants. Only possible way might be talking personally to the merchants about the benefits of accepting bitcoin payments.When merchants listening to multiple requests about bitcoin payment acceptance, they might come to some positive conclusions. I believe in near future we are going to have Amazon to be accepting bitcoin payments similar to this.
But right now there is truly no real benefit on accepting bitcoins, most people that are into bitcoin are not even using it as a type of payment, most people are using bitcoin as an investment, until a lot of people start using bitcoin often there is really no benefit at all and it's more of an inconvenience than anything
Media propaganda about the benefits of accepting bitcoin as a mode of payment will go in a long way in improving bitcoin images to the local and those that see it as scams'
But who will do it ? Merchants may advertise that they are the accepting bitcoin payment but how customers will go for advertising about emphasizing the benefits of accepting bitcoin payments to merchants. Only possible way might be talking personally to the merchants about the benefits of accepting bitcoin payments.When merchants listening to multiple requests about bitcoin payment acceptance, they might come to some positive conclusions. I believe in near future we are going to have Amazon to be accepting bitcoin payments similar to this.
Right now it's probably impossible to convince them but because most of the people that are using bitcoin right now are young, very young (60% of users are between 10-34 years old) meaning that in the near future those people will likely use bitcoin for their business if bitcoin continues its development so we really don't have to convince anyone, it's a matter of time.
Media propaganda about the benefits of accepting bitcoin as a mode of payment will go in a long way in improving bitcoin images to the local and those that see it as scams' another way to promote bitcoin as a mode of payment is to give discount for any items bought and pay through bitcoin or others crypto currencies.
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