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Topic: How can we encourage local businesses to accept BTC? - page 65. (Read 185011 times)

sr. member
Activity: 462
Merit: 250
My idea to encourage local businesses to accept bitcoin is to have them get information via flyers for example.
We don't have any advertisement for bitcoin which is a bummer cause somehow it has to spread information.
sr. member
Activity: 476
Merit: 250
We can encourage local businesses to accept bitcoin by just using bitcoin and having a stable price cause not having a stable price is a red flag for any business that wants to adopt a new payment method in my opinion.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
How to encourage local businesses to accept btc hmm.. good question and difficult to answer. I don't think "we" here stands for the bitcoin users but more for bitcoin itself, they have to somehow show their attractive side to business owners.

That is why you need to have some presentation and you need to make some explanation to the business owners that resides near or within your location. Because the fact is that businessmen are not going to waste any single penny for investments that they are not going to understand in the first place, just tell them that bitcoin is going to be the future currency that Bill Gates is telling.
It is not an easy process introducing a new way of payment because there are several questions with it. Suppose they accept bitcoin will even one person pay using bitcoin. And also there is an issue about taxes the government will try to chase you about you earning money without having a record of your earning because they are all bitcoin. That can be rough for businesses. I think you should introduce bitcoin to governments first and make it a legal thing.

Indeed, it needs deep analytical studies so companies won't get compromise since bitcoins regularly flactuates up nor down, and this could be the hardest decision to them since bitcoin is unknown for all of people globally, and chances to lose money for its unstability well exist and im really sure this study for its acceptance would take for more longer years since bitcoin is unpredictable processor.
hero member
Activity: 1806
Merit: 672
How to encourage local businesses to accept btc hmm.. good question and difficult to answer. I don't think "we" here stands for the bitcoin users but more for bitcoin itself, they have to somehow show their attractive side to business owners.

That is why you need to have some presentation and you need to make some explanation to the business owners that resides near or within your location. Because the fact is that businessmen are not going to waste any single penny for investments that they are not going to understand in the first place, just tell them that bitcoin is going to be the future currency that Bill Gates is telling.
It is not an easy process introducing a new way of payment because there are several questions with it. Suppose they accept bitcoin will even one person pay using bitcoin. And also there is an issue about taxes the government will try to chase you about you earning money without having a record of your earning because they are all bitcoin. That can be rough for businesses. I think you should introduce bitcoin to governments first and make it a legal thing.
legendary
Activity: 1526
Merit: 1179
How to encourage local businesses to accept btc hmm.. good question and difficult to answer. I don't think "we" here stands for the bitcoin users but more for bitcoin itself, they have to somehow show their attractive side to business owners.
It's actually very simple. They need to see that people are spending their coins on a massive scale in order to get the incentive they need to list a Bitcoin payment option.

But as we speak, most people are not really interested in spending their coins as they focus more on the investment aspect of Bitcoin.

Will we see any kind of business accept Bitcoin as a payment form, then keep/start spending. More can you not do.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
We can encourage local businesses to accept Bitcoin by actually using our bitcoin cause most of the coin is idle.
Next to that we can inform those said businesses about bitcoin and teach them a thing or two so they get interested.
In fact this is incorrect; there’s is a great amount of trade taking every day in the world of bitcoin, although you will see a lot of people in this forum saying they are holding their coins most people are in fact doing something with their bitcoins.
sr. member
Activity: 462
Merit: 250
How to encourage local businesses to accept btc hmm.. good question and difficult to answer. I don't think "we" here stands for the bitcoin users but more for bitcoin itself, they have to somehow show their attractive side to business owners.
sr. member
Activity: 476
Merit: 250
We can encourage local businesses to accept Bitcoin by actually using our bitcoin cause most of the coin is idle.
Next to that we can inform those said businesses about bitcoin and teach them a thing or two so they get interested.
member
Activity: 98
Merit: 10
I always round up when paying with btc. I think an extra few cents/dollars on top of the bill is always a good experience for the business,  and doubly so if the price rises afterwards.
sr. member
Activity: 363
Merit: 250
We should just tell them the things you can do with it and why they should use it because its such an good currency.
They can easily make profit with it by selling items for it and also by holding on the same time.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
It is all about proper impartation of or knowledge about bitcoin and we have to educate them very precisely on what are the benefits that they can get if theycarw going to use bitcoin as a payment

Indeed you basicly have to see it as that they are uneducated about bitcoin so using a system which you are uneducated about doesn't seem to make sense.
But if you educate them about it then they will know what it is and the pros and cons.

Educating them about bitcoin would be  the best thing to do but the main  question here is  the adoption   of a certain  country, lets say they are interested to adopt bitcoin in their  businesses    but the adoption is less on a certain place then  it would be still useless at all. You sucesfuly  encourage them but  the adoption would be the hindrance.
This is why if we are to encourage adoption we should begin by those business that have electronic products like eBooks and software or that can export physical products that way they will not be limited by local adoption in their respective countries.
sr. member
Activity: 420
Merit: 250
Just hire one person more in you're business,which would ask people about if they would like to pay here with bitcoins,online or at the shop.
It is not hard to get research right? At least that what I think.
legendary
Activity: 1372
Merit: 1005
We can encourage local businesses by informing them about bitcoin what is bitcoin and the benefits of bitcoin.
I think now is still too early though with this swinging price it's not really attractive to adopt bitcoin until more stable at least.

Yup adoption only make change in bitcoin revolution, Most of the people does not know bitcoin and its features So much we can. We should spread about the bitcoin out of forum and we should atract the people bitcoin feature and make them to utilise the bitcoin in their business purchases.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
Perhaps showing them the price of how btc goes down and raises back to get them confident into a cryptocurrency as i suppose right now because its digital, people can't see the physical product they might just use back the original currency
that's the dumbest thing you will ever do if you're showing this fluctuative characteristic to those local business even though it will be honest ,but are you for real? local business would seek any possible of the most stable currency to control their profit and it's just dumb i think.
sr. member
Activity: 406
Merit: 250
Perhaps showing them the price of how btc goes down and raises back to get them confident into a cryptocurrency as i suppose right now because its digital, people can't see the physical product they might just use back the original currency
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
It is all about proper impartation of or knowledge about bitcoin and we have to educate them very precisely on what are the benefits that they can get if theycarw going to use bitcoin as a payment

Indeed you basicly have to see it as that they are uneducated about bitcoin so using a system which you are uneducated about doesn't seem to make sense.
But if you educate them about it then they will know what it is and the pros and cons.

Educating them about bitcoin would be  the best thing to do but the main  question here is  the adoption   of a certain  country, lets say they are interested to adopt bitcoin in their  businesses    but the adoption is less on a certain place then  it would be still useless at all. You sucesfuly  encourage them but  the adoption would be the hindrance.
sr. member
Activity: 434
Merit: 250
It is all about proper impartation of or knowledge about bitcoin and we have to educate them very precisely on what are the benefits that they can get if theycarw going to use bitcoin as a payment

Indeed you basicly have to see it as that they are uneducated about bitcoin so using a system which you are uneducated about doesn't seem to make sense.
But if you educate them about it then they will know what it is and the pros and cons.
full member
Activity: 189
Merit: 100
We can encourage local businesses by informing them about bitcoin what is bitcoin and the benefits of bitcoin.
I think now is still too early though with this swinging price it's not really attractive to adopt bitcoin until more stable at least.

You are right
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
It is all about proper impartation of or knowledge about bitcoin and we have to educate them very precisely on what are the benefits that they can get if theycarw going to use bitcoin as a payment

Indeed but as a business aren't you looking for a stable currency instead of a volatile one where anything could happen?
What if you make a big sale like 2k at once in a mediocre shop and then bitcoin drops by 50% and you lose half that would kill you.
That is only a problem if they keep their bitcoin, with third party services it may be possible to accept bitcoin in the store but to receive fiat directly instead of bitcoin.


If you wanted to have a business that is no volatile  , then i think you should not enter into a trading business we all know that even fiat's price is also volatile it keeps on fluctuating, only those who do not do trading can't feel the effects but this is the reality of currency world
Any businesses is risky and volatile, there is no business that can guarantee success; you admitted that even fiat is volatile which means that the rest of the economy is volatile as well.
hero member
Activity: 910
Merit: 500
During my whole bitcoin life i am really finding some time to do some research one what certain business that uses bitcoin as a medium of payment and what certain place can i avail those services and here are the things that made me realize

1. Most of those entrepreneurs started to create a bitcoin related business because they've already experienced it
2. Why did they put up some business? because they are innovative and was not satisfied by their bitcoin experience liked faucets or trading i guess


This reasons just come from a one point that they experienced using it first before they build up their business
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