How can we encourage local businesses to accept BTC? - page 70.

batang_bitcoin

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Quote from: wxa7115 on September 27, 2016, 12:30:44 PM

Quote from: bitlancr on September 27, 2016, 03:54:38 AM

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.

That does not make much sense, who is going to pay for those commercial that you speak of? The investors, users of bitcoin, the developers, the exchanges?

Well I guess that is not going to happen immediately because the investors and local stores needed to make sure that their investments and advertising is going to be worth it. One of the risk is that you are going to advertise and not having some research on how many people are already using bitcoins to your place. That is going to be a waste of money for them.

wxa7115

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Quote from: bitlancr on September 27, 2016, 03:54:38 AM

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.

That does not make much sense, who is going to pay for those commercial that you speak of? The investors, users of bitcoin, the developers, the exchanges?

bitlancr

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Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.

Aamir1

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Quote from: sishendaoye on September 26, 2016, 06:48:58 AM

Encourage local businesses by just using bitcoin and showing them it's actually a currency and it is being used.
Cause if they don't see that it's globally used then it's no reason for them to add it to their payment methods ofcourse.

I don't think they would accept it just by seeing you using it as an individual because it can be profitable for someone using it individually but it cannot be the case if someone is adopting it without any other adoptions around because there might not be other users in that place using bitcoin beside you.

wxa7115

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Quote from: Muttley on September 25, 2016, 02:24:38 PM

I did not encourage any local business owner, as yet, but talked to some close friends who want to send money abroad, explained that using bitcoin it would be cheaper and faster than using banks or Western Union/Moneygram services and convinced some of them to send this way.

Good idea and good for you, to be honest I haven thought of using bitcoin instead of western union, but it makes sense, since the tariffs offered by western union can be completely ridiculous.

newcoins1978

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Perhaps trying to spread more information is a good start. If you think about it there's not that much information about bitcoin without looking it up.
It should be in your face commercials so more people get to know it and get interested.

Altynbekova

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Quote from: South Park on September 15, 2016, 12:30:28 AM

Quote from: serjent05 on September 13, 2016, 11:54:18 AM

There are lots of approach on how to encourage local businesses to accept bitcoin but the first move should be educating them. You cannot just barge in and offer stuff and tell them use BTC or adopt BTC you will earn plenty using this. This kind of approach open ended in a bad thing. Simply by being consistent with educating people with bitcoin, showing possible venture they can do with bitcoin, and telling the advantage without criticizing the current financial system. This way we can earn the local business trust and may probably open their minds and heart to new venture with bitcoin.

To show the business owners the pros of bitcoin without polarizing the topic is a good idea, I think but business owners care the most about a single thing, profit, right now I don’t think there is enough persons using bitcoin at the moment.

Indeed the main point of running is a business is to make profit right so what better to do then to show them there's profit laying in bitcoin. There's people using it and prefering the method, also there's no transaction fees which save money for them aswell.

sishendaoye

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Encourage local businesses by just using bitcoin and showing them it's actually a currency and it is being used.
Cause if they don't see that it's globally used then it's no reason for them to add it to their payment methods ofcourse.

JeffBrad12

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Quote from: harizen on September 23, 2016, 12:27:57 PM

Quote from: bitlancr on September 23, 2016, 08:33:58 AM

Well its a very profitable market and there are no real fee's too so that is nice when you are accepting it if you are asking me.
Another nice fact is that it can be used everywhere and that you can make profit with just holding it as a business.

I might don't understand the content of your post but you think local businesses will care for holding bitcoins? Again, "business". Their operation is on daily basis so money here is in and out.

Also, I don't see any nice fact about "it can be used everywhere".

Too many the system in btc is can't be applied in the local business such as the confirmation, and that's will becomes a prevent things for the local business for encouraging bitcoin in this day.

Muttley

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I did not encourage any local business owner, as yet, but talked to some close friends who want to send money abroad, explained that using bitcoin it would be cheaper and faster than using banks or Western Union/Moneygram services and convinced some of them to send this way.

wxa7115

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Quote from: ultrloa on September 23, 2016, 05:01:53 AM

Quote from: wxa7115 on September 21, 2016, 09:17:20 PM

Quote from: Fraxinus on September 20, 2016, 07:40:09 AM

Quote from: lionheart78 on September 16, 2016, 02:11:14 PM

Quote from: Fraxinus on September 16, 2016, 12:19:40 PM

By reducing expenses for them if they start accepting BTC or giving them a bonus percent of your purchase.I think that will encourage them accept BTC

How can you reduce expenses for the merchant? Unless you are a supplier, you can cut your profit and give discount to them. Or if you have lots of Bitcoin and sell this merchant discounted BTC or if they accept bitcoin, you buy them higher than the exchange. And remember, in setting up bitcoin payment, you need extra tools for it. You need internet, gadgets and it needs both the buyer and seller to be able to connect to the network and complete the transaction. there are great ideas but the problem is the fund to support it. Maybe we can start with bitcoin education drive.

Well,this has to be by the politicians,the governors,they have to reduce the expenses,but they have to be willing to make BTC a more popular means of payment

Politicians and bankers don’t like bitcoin and we should never expect that to change, bitcoin will need to grow by itself without the aid of those two sectors.

Maybe they don't like it for now but what if the market of bitcoin users will spread more and more? Do you think they will still hate it? And i really think they will come and join to build up some laws and business to grab those oppurtunities and benifits of this coin and maybe we can see some banks will accept if bitcoin user will be more and increasing daily so i think those two sector will get used to it if they see bitcoins great oppurtunities upon existence and they can help to market bitcoins aswell if they will join to.

Yes they will hate it and reject it, bitcoin runs contrary to the political and banking system, even if they could grab great business opportunities that will not change, because they will grow more powerful in the world of bitcoin they will get a lot weaker in their original sectors, banking and politics.

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Quote from: royalfestus on September 24, 2016, 06:49:22 AM

I dont think it is right time for that in my country. Probably look for a better time to introduce it to the local business, when the trade is easier and safer.

the trade is easy and safe. why do you think that this is not right time? I think this is the best time to introduce bitcoin to our family. our neighbours and our city's people.. because bitcoin price is still affordable to buy and to get invested in this.
but after some more years bitcoin price may be way more high. and people can't afford to jump in bitcoin that time.

Astargath

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And anyhow most business today are run by people who know nothing about bitcoin and although we try to make it look easy, it's not, you have to understand a little bit about bitcoins and how they work before you can even start thinking to implement them into your business, why would anyone take all that time just for that? Everyone has normal money so there is really no need to accept bitcoins, I'm not saying that accepting bitcoins would automatically make it worse for them or anything but you definitely have to know what you are doing in order to actually profit from it

BitcoinPC

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Bitcoin is already have a lot of quality, but one thing which we need it and that is publicity of bitcoin, we should have introduce the bitcoin in high level, than definitely it work and it encourage local business to accept the bitcoins, you know in local level bitcoin work more but it is not doing because lack of information about bitcoin, it is time taking a work but it will be work.

john2231

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Quote from: shinratensei_ on September 24, 2016, 08:42:04 PM

Quote from: Astargath on September 24, 2016, 08:45:26 AM

Quote from: Fraxinus on September 23, 2016, 04:48:19 PM

Quote from: Astargath on September 23, 2016, 11:21:13 AM

It just wont happen at least not any time soon, there is no way right now for local business to accept bitcoin, it doesn't even make sense for them to do it, I don't really see any benefits for them, it's just extra trouble and work for no reason, they can easily lose money just with bitcoin volatility.

That's because they are not BTC enthusiasts,if they are they will be more than willing to accept BTC and even encourage people to pay with BTC

And what do they win by accepting bitcoins? Imagine a restaurant that accepts bitcoin, one day they earn 12 bitcoins total, bitcoin is at 600$, imagine they don't exchange them immediately and tomorrow bitcoin goes down to 590, they lose 120$ just like that for no reason, why would that benefit them?

In fact, we are can't encourage the local business for accepting bitcoin and bitcoin is so far from an enough currency for getting a real implementation caused by their own disadvantages like what are you saying and the another factor like the confirmation is always needed by the merchant or seller for preventing about the doubled spend.

Why not local business accept bitcoins.. like brazil that has 150 stores locally that accept bitcoins?
And i think in the future we will see that bitcoin will be use locally in the future the same as brazil.. this is just my speculation and i think it will happen the same as brazil..

shinratensei_

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Quote from: Astargath on September 24, 2016, 08:45:26 AM

Quote from: Fraxinus on September 23, 2016, 04:48:19 PM

Quote from: Astargath on September 23, 2016, 11:21:13 AM

It just wont happen at least not any time soon, there is no way right now for local business to accept bitcoin, it doesn't even make sense for them to do it, I don't really see any benefits for them, it's just extra trouble and work for no reason, they can easily lose money just with bitcoin volatility.

That's because they are not BTC enthusiasts,if they are they will be more than willing to accept BTC and even encourage people to pay with BTC

And what do they win by accepting bitcoins? Imagine a restaurant that accepts bitcoin, one day they earn 12 bitcoins total, bitcoin is at 600$, imagine they don't exchange them immediately and tomorrow bitcoin goes down to 590, they lose 120$ just like that for no reason, why would that benefit them?

In fact, we are can't encourage the local business for accepting bitcoin and bitcoin is so far from an enough currency for getting a real implementation caused by their own disadvantages like what are you saying and the another factor like the confirmation is always needed by the merchant or seller for preventing about the doubled spend.

Fraxinus

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Quote from: purebitco on September 24, 2016, 10:33:01 AM

I think they don't want to use bitcoins because it is still new so they are afraid. All you need to do is to tell them how good they are and how it is good to use them, and they should like it

I think they actually don't know how accepting BTC will benefit thema and therefore they aren't willing to try something new-that's why they should be encouraged and also that's why politicans should actually invole more BTC as a currency

royalfestus

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Quote from: Astargath on September 24, 2016, 08:45:26 AM

Quote from: Fraxinus on September 23, 2016, 04:48:19 PM

Quote from: Astargath on September 23, 2016, 11:21:13 AM

It just wont happen at least not any time soon, there is no way right now for local business to accept bitcoin, it doesn't even make sense for them to do it, I don't really see any benefits for them, it's just extra trouble and work for no reason, they can easily lose money just with bitcoin volatility.

That's because they are not BTC enthusiasts,if they are they will be more than willing to accept BTC and even encourage people to pay with BTC

And what do they win by accepting bitcoins? Imagine a restaurant that accepts bitcoin, one day they earn 12 bitcoins total, bitcoin is at 600$, imagine they don't exchange them immediately and tomorrow bitcoin goes down to 590, they lose 120$ just like that for no reason, why would that benefit them?

I support your opinion on irregularity in currency value. It is not good for daily transaction.

purebitco

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I think they don't want to use bitcoins because it is still new so they are afraid. All you need to do is to tell them how good they are and how it is good to use them, and they should like it

Astargath

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Quote from: Fraxinus on September 23, 2016, 04:48:19 PM

Quote from: Astargath on September 23, 2016, 11:21:13 AM

It just wont happen at least not any time soon, there is no way right now for local business to accept bitcoin, it doesn't even make sense for them to do it, I don't really see any benefits for them, it's just extra trouble and work for no reason, they can easily lose money just with bitcoin volatility.

That's because they are not BTC enthusiasts,if they are they will be more than willing to accept BTC and even encourage people to pay with BTC

And what do they win by accepting bitcoins? Imagine a restaurant that accepts bitcoin, one day they earn 12 bitcoins total, bitcoin is at 600$, imagine they don't exchange them immediately and tomorrow bitcoin goes down to 590, they lose 120$ just like that for no reason, why would that benefit them?

Topic: How can we encourage local businesses to accept BTC? - page 70. (Read 185011 times)