How can we encourage local businesses to accept BTC? - page 73.

shinratensei_

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Quote from: xIIImaL on September 15, 2016, 09:32:38 PM

Quote from: Altynbekova on September 15, 2016, 09:50:43 AM

Don't encourage them just let them decide by themselves with no pressure. We have to get bitcoin more known trough commercials etc.
If they see it trough ads they will look it up by their free will and they will see all the benefits and people using it so it will be very attractive.

I don't know how much your assumption will work, I think we need to tell that they can use bitcoin while they were doing trade their stock. Instead fiat cash they can bitcoins for to reduce energy the fees. If they need to international transfer even that time also business people can use this bitcoin.

Maybe caused using bitcoin can reducing the total of fees but that's will need for reserving more time for every transaction if we are wanna for making any compare, i will more prefer for choosing the time is will be more faster than reducing the fees. "time is money"

xIIImaL

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Quote from: Altynbekova on September 15, 2016, 09:50:43 AM

Don't encourage them just let them decide by themselves with no pressure. We have to get bitcoin more known trough commercials etc.
If they see it trough ads they will look it up by their free will and they will see all the benefits and people using it so it will be very attractive.

I don't know how much your assumption will work, I think we need to tell that they can use bitcoin while they were doing trade their stock. Instead fiat cash they can bitcoins for to reduce energy the fees. If they need to international transfer even that time also business people can use this bitcoin.

Bitcoingiver

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To encourage local businesses to accept Bitcoin you have to let them know the advantages and disadvantages behind Bitcoin. Also teaching them how to manage Bitcoin. Cool

agustina2

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Quote from: X-ray on September 15, 2016, 06:53:27 AM

Quote from: Newcoins2020 on September 15, 2016, 04:08:17 AM

You can encourage your local business to accept BTC if you go to educate them about it. Also I agree with people maybe just not enough people use it or show that they use it. The business owners have to see the interest in bitcoin with their own eyes.

local business don't need you to educate them because they will learn about bitcoin if it's popular around them,they need people to buy their goods and whatever the payment option they really don't care as long they can make profit,they will use it whatever it's about

Also it's impossible for a local business not to study the risk of accepting bitcoin as one of their payment option so educating them isn't necessary.

As long as bitcoin price has an active fluctuations, I understand those local business that still not accepting bitcoin. They are here to profit on daily basis and not to hold coins and wait for the price increase.

Altynbekova

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Don't encourage them just let them decide by themselves with no pressure. We have to get bitcoin more known trough commercials etc.
If they see it trough ads they will look it up by their free will and they will see all the benefits and people using it so it will be very attractive.

X-ray

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Quote from: Newcoins2020 on September 15, 2016, 04:08:17 AM

You can encourage your local business to accept BTC if you go to educate them about it. Also I agree with people maybe just not enough people use it or show that they use it. The business owners have to see the interest in bitcoin with their own eyes.

local business don't need you to educate them because they will learn about bitcoin if it's popular around them,they need people to buy their goods and whatever the payment option they really don't care as long they can make profit,they will use it whatever it's about

praprata

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To encourage local businesses we have to encourage more people to use bitcoin. Why would shops do effort for it if they don't know what it is and people don't use it. Get it more well known, more used by people ( cause most just keep their money in btc wallet) and also educate the businesses about bitcoin.

Newcoins2020

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You can encourage your local business to accept BTC if you go to educate them about it. Also I agree with people maybe just not enough people use it or show that they use it. The business owners have to see the interest in bitcoin with their own eyes.

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Quote from: JeanMcCoy on September 15, 2016, 03:18:19 AM

Quote from: adibe on August 31, 2016, 07:55:23 PM

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.

Yes this is the number one problem alot more people have to know about bitcoin for bussinesses to accept them because if nobody uses them anyways why would they do the effort to implement them and learn about them. First get mass adopted then more stores accept.

well i should agree that it's such a useless move by implementing bitcoin as payment option when it's not really popular among people nearby the shop but if the shop just selling their stuffs online then bitcoin could be a little bit more useful because as you know,by selling online the shop could cover way wider buyers than only having offline shop so it's actually not a useless move

subhiii

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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.

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Quote from: adibe on August 31, 2016, 07:55:23 PM

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.

Yes this is the number one problem alot more people have to know about bitcoin for bussinesses to accept them because if nobody uses them anyways why would they do the effort to implement them and learn about them. First get mass adopted then more stores accept.

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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.

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Quote from: BitcoinPanther on September 13, 2016, 01:06:10 PM

I think we can encourage local businesses by setting an example. Instead of suggesting them to put up a merchant store for bitcoin, why not , if we have fund, put up a merchant store ourselves. if we prove to them that it is very profitable using bitcoin then they will automatically inquire about the new technology and then setup their own bitcoin accepting stores.

If you holding bitcoins we i think we are starting business just holding bitcoins.. so if we offer bitcoins in any company they should accept it to increase their leads or sales.. because many people right now are using bitcoins.

BitcoinPanther

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I think we can encourage local businesses by setting an example. Instead of suggesting them to put up a merchant store for bitcoin, why not , if we have fund, put up a merchant store ourselves. if we prove to them that it is very profitable using bitcoin then they will automatically inquire about the new technology and then setup their own bitcoin accepting stores.

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Quote from: martinacar on September 13, 2016, 08:55:21 AM

We can encourage local businesses by putting less pressure and showing more results. Showing results of the growth of bitcoin and how many people us it.
Once they see that they will decide by themselves that's it's a good move to implement bitcoin into their business as payment method.

Its depends of there business honestly business is always looking for more impressions if they service or business is not fit for bitcoins i think they can not accept bitcoin but they can try for the first time so that they know if it will work for their business or not..

serjent05

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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.

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Quote from: TastyChillySauce00 on September 13, 2016, 07:50:27 AM

Quote from: Skaven on September 13, 2016, 03:44:28 AM

Quote from: Trustme2016 on August 30, 2016, 08:11:03 PM

we should show them how the bitcoin works. we have to prove its existence and the big question ia that bitcoin price is so voilent

Yes the big problem not question is that the price is so volatile and all over the place, this is not assuring at all for any company so they wouldn't want to adopt it.
As the price gets more stable we can start to encourage them, they'd like the idea more and would see the benefits over the cons that bitcoin has.

volatility of the price could be resolved by using bitcoin payment API that exchange the bitcoin equivalent amount to dollar directly when the bitcoin just received and being confirmed so there's no point worrying about volatility unless you're not using the API

Thats right because no matter how volatile of the bitcoins price when you use API the conversion would be still the same and it equals to the value in dollar rate. If any company would use it then there would be no hindrance about price movements.

martinacar

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We can encourage local businesses by putting less pressure and showing more results. Showing results of the growth of bitcoin and how many people us it.
Once they see that they will decide by themselves that's it's a good move to implement bitcoin into their business as payment method.

TastyChillySauce00

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Quote from: Skaven on September 13, 2016, 03:44:28 AM

Quote from: Trustme2016 on August 30, 2016, 08:11:03 PM

we should show them how the bitcoin works. we have to prove its existence and the big question ia that bitcoin price is so voilent

Yes the big problem not question is that the price is so volatile and all over the place, this is not assuring at all for any company so they wouldn't want to adopt it.
As the price gets more stable we can start to encourage them, they'd like the idea more and would see the benefits over the cons that bitcoin has.

volatility of the price could be resolved by using bitcoin payment API that exchange the bitcoin equivalent amount to dollar directly when the bitcoin just received and being confirmed so there's no point worrying about volatility unless you're not using the API

BitFinnese

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Quote from: romero121 on September 13, 2016, 02:19:43 AM

Initially understanding about the digital currency as well it's alternates is a must for bitcoin acceptance on local businesses. Without understanding it implementing surely gets ended in loss. Better is to start on small scale trades and move on.

This is true, we should first establish the basic understanding of people about bitcoin. While making them understand bitcoin we should emphasize the strenght of and features of bitcoin that can be use for everyone's benefit. We don't need to defame the current financial system, doing so will just annoy some of the people. We should at least tell them how bitcoin and fiat money coexist and at the same time can tell them the potential earnings using both.

Topic: How can we encourage local businesses to accept BTC? - page 73. (Read 185051 times)