Topic: How can we encourage local businesses to accept BTC? - page 7. (Read 185049 times)

you can make  local businesses accept bitcoin as second payment method to avoid big loss.

start and make some offers for bitcoin and all will  use it

This is really a good advocate and i hope the OP is still doing what he can to encourage local businesses to accept bitcoin and not only bitcoin but other cryptos as well, but in my opinion i think no one can force it to other industry but let them decide their own if they want to adopt the drastic changes in the society and technology with regards to cyptocurrencies.

It's not simple to encourage local businesses to accept bitcoin even for today. Not all of them are educated about modern technology and some are still skeptic about bitcoin. Although if the country or government your living in has approved the usage of bitcoin then that's a good initiative for anyone to start a conversation on a businessman about bitcoin and he'll take it lightly but seriously since it was advised.

I think it's simple to encourage local businesses to accept Bitcoin now a days. Because crypto world use different strategy like social internet and media too. If you are a local business you need to evolve too like Bitcoin and other alternative coins as well. It's a demand to upgrade technology to sustain your online business for a future references. Simple, you need to evolve to survive.

For sure it is good to start from your closed are mean our family members who are not in favor of bitcoin and wasting their money in some other business then they should be bitcoin user if we will guide them well then it will give then more benefit. It is not tough to encourage anyone because bitcoin is now very common and people know about bitcoin so even small guidance will make high profit for them.

i started my local businesses with  accept BTC you will get less demand than other paying methods because people buy bitcoin to invest it more than using it in local things like local  businesses

the only way you can encourage people to use bitcoin, is that it will grow with time. Because as a technology Bitcoin is no longer attractive and can not really improve the quality of life. This is indicated by his real problems with long processing of transactions and a large commission. Its network is not designed for such a large number of transactions.

now Institutions in various countries begin research and development of technology
BLOCKCHAIN ​​is the International Association, not-for-profit organization
established legally in Colombia to carry out the intended activity
to research and develop solutions based on technology
Blockchain, as in health, democracy, mobility, economy,
education, security, internet of things, and others. For
promoting the development and quality of life of these nations.
and the greatest possibility of local businesses will follow the times through their country's mechanisms to use blockchain technology

I encourage lokal business to accep btc by explaining them wisely about bitcoin so that they know hoq bitcoin are very useful than another business..

The only issue which is resulting in this much inconvenience is the lack of knowledge about bitcoin and crypto currency to the ones who are sitting there in the local business market. If we really want them to start accepting bitcoin, we have to make them well aware of the bitcoin first. After that, we’ll be able to convince them on a point that you start accepting bitcoin as it is really a good thing.

Just look at the price, 7k dollar drop in 1 day, imagine that a lot of people paid in bitcoins and you didn't sell them at that time, what do you have now, a massive loss for no reason.

     I have a suggestion. But let me first state that until today I have not read or discussed bitcoin with anybody-ever. I had heard of it. I got Wiki version and Lifewire version. Then I watched "previously live" news and experts but not too many. So, here is my suggestion. I'll give some limited additional reasoning at a later date if there is any interest in it.
      I'm am totally against "Lightning" as described. Lightweight wallets seem bad enough already. The original idea of 21million bitcoins and an anonymous like CASH instrument, totally secured from thieves AND government, is an idea worth pursuing. This limited interpretation of what bitcoin is all about is what has the inherent power to drive it forward. Anything else is a distraction. Its value should theoretically become approx 1 Satoshi= $0.25 circa 2040. It must become the world currency or not. In order to become that it must be used as the primary monetary tool. Gold could exist as a physical dual currency but not required. What is required is that all people can use it to buy/sell anything (which is allowed to be bought or sold). So, my suggestion is that anyone who wants to use bitcoin negotiate themselves,grass roots, for its use. If you cant make any headway with letters to Sam Walmart..don't shop there. A local bake shop/produce market where you can talk with the owner is the place to start. "Mr. Bakerman, here is 1 million Zatos... can you give me 30 coupons for free loaves of your bread and a punch card for 100 units of fruit/vegetable good for the next 90 days", you ask. Is this illegal? I don't think so.
     There are other variations. Used/homebuilt electric vehicles, coops supporting business visa for a Sri Lankan "clothing merchant", a Filipina manicure/pedicure specialist making house calls. Might even be able to break into a corporate franchise to buy fuel/soda/beer because the cashier of a lot of these places is the owner. Give him 1 bit coin in exchange for you and however many friends it takes to use up $500-20,000 worth of prepaid fuel. The "stability" of the bitcoin seems directly proportional to its usage and inversely proportional to volume of speculators. But that's the idea. Go directly to the owners of the goods and services and pay in advance for future purchases, at least here in the first world. It my belief that the "third world" is perfectly capable of instantaneously developing within a generation if they had a tool such as the bitcoin to use. And they have the capacity and time available to work among themselves even a verbal form of "lightning", we don't. 420 trillion / 21 million x 20% depreciation of $ by 2040 = 25 cents per Zato!! make it happen. It is a free world. No 420 jokes, I'm clean.

Well said if this problem still not solved for over some months bitcoin will be very hard to accept by local businesses even some international stores that accepting btc will drop this payment method because of very many problems facing right now by bitcoins much better to use altcoins like xrp or xlm with very low transaction fees.

very good effective idea. firstly i encourage my nearest local businesses that bitcoin very favourite stable currency and fees of transactions is very few and faster.

Yes sir i follow your method. Firstly i discuss about bitcoin popularity and advantage over the world, then i inspire them about low fee of bitcoin and transaction method is so easy. I hope i will get their feedback.

Why would they do that? There is no value in accepting bitcoin as payment. Huge volatility plus huge fees is not good for the buyer nor the seller. Someone buys something worth a few bitcoins from you and the next day bitcoin is down 2k dollars, you are just losing money unless you sell instantly but if you are going to sell instantly what's the point of accepting bitcoins?

It is just a matter of time. I am very much sure that things will be in favor of bitcoin in the next coming days. All those who are sitting in local business market just wants to be sure that bitcoin will not disappoint them. Therefore, they are not taking such kind of step and are waiting for the things to get better. They will start accepting bitcoin after some time when they will realize the worth of bitcoin.

Local businesses will be very hesitant to accept it except if they are willing to take the risk and most importantly if they are just starting up. I've seen restaurants that have done than and so far so good.

Exactly, we should first encourage local merchants, explain what it is, what it is born from, how the network works (as btc arrives and leaves) and for this we must be extraordinarily familiar (explain well exemplifying current news) and patients many traditionalists hate new ideas), since most sellers are still attached to the old payment model (fiat, credit, check) so accepting a new form of payment is sure to be a slow and steady process.

Bitcoin has defects, bitcoin is not perfect, one of the biggest issues with bitcoin has to do with the speed of confirmation and the high fees.