How can we encourage local businesses to accept BTC? - page 74.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

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.

The company is considering, about the volatility of the price their the value of their product can decreasing for instantly and that is very bad for them maybe just waiting about if there are a tool can controlling or matching the price of the stuff and rate in the market for instantly maybe a lot of them will encourage bitcoin.

maudevang

sr. member

Activity: 350

Merit: 250

Quote from: Kelarid on September 05, 2016, 02:50:00 AM

Quote from: betlord90 on September 03, 2016, 04:30:57 AM

Quote from: OrangeSeller on August 18, 2016, 03:13:50 AM

Quote from: Wowcoin on August 15, 2016, 06:22:34 AM

The good we do introduce it to people who do not yet know . Teach them how to use it and explain to them that bitcoin is a very fast way of payment . We should teach them step by step how to use it and how they can be converted into cash . The principle should be that many of them can be put to the bitcoin .

it is not that easy as you said. it needs a lot of planing and need team work, I can teach some peoples in my family or my street (same everyone can do) but we cannot change the overall situation.. using bitcoin is very easy but only at the web,
but when it comes to local businesses the situaiton will get change completely.. and it can be only possible if big companies get involved in it to promote bitcoin in local businesses,

Yes you are right just thinking about it we need a hard work plan before we introduce it in many businesses. Bitcoin is easy to use in web and i think the big companies their no time to do it so encourage local business to use bitcoin is not easy. Maybe do they own research if bitcoin become popular in all country.

The infrastructure of the bitcoin payment is not fully built yet, so the shops accepting the bitcoin is still very few.

Yes exactly first of all they have to improve the technology and keep improving. After that there has to be more advertising about bitcoin to get more people using it. Then also a requirement I think is to have a stable price. Stable prices or prices which only go up are very attractive to a business.

Skaven

sr. member

Activity: 260

Merit: 250

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.

ivanst776

legendary

Activity: 1540

Merit: 1003

Quote from: ultrloa on September 11, 2016, 06:15:33 PM

Quote from: ivanst776 on September 11, 2016, 09:29:52 AM

Quote from: knightkon on November 18, 2015, 12:05:24 PM

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.

Firstly bitcoin is not much popular which means that there will not be much transaction in bitcoin.

And if they don't have any profit they wouldn't start so I will not encourage them now but after a year.

but actually they can get a profit with this if they target the market of bitcoin users and also it can give them great impact and exposure since only few merchant for now are accepting this coin, so if they will grab this oppurtunity well they can possibly get an free advertisement since their name will be stick to bitcoins fame if they accepted it, so thats why i think its win-win situation for online business sector to accept bitcoin since bitcoin craze are spreading globally.

There is win-win situation but not always, they should hire someone to maintain the bitcoin wallets, transactions and other stuff related to bitcoin and money.

They got mentioned in popular crypto news and it's true that they will get our support but the starting is the hardest.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

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.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: martinacar on September 12, 2016, 09:27:03 AM

All they want to see the local businesses is interest. If they see interested in a certain something then they see cash. For example with the pokemongo all the bars and restaurants started to profit from that. We can do the same with bitcoin we just have to go even more viral in the world of non tech people.

While this is correct bitcoin does not have the appeal of Pokémon go, bitcoin is not a game is serious business so I think that while you say is correct about encouraging those business by showing them that accepting bitcoin is on their best interest, we cannot use the same strategy as Pokémon go.

martinacar

sr. member

Activity: 462

Merit: 250

All they want to see the local businesses is interest. If they see interested in a certain something then they see cash. For example with the pokemongo all the bars and restaurants started to profit from that. We can do the same with bitcoin we just have to go even more viral in the world of non tech people.

JeanMcCoy

sr. member

Activity: 363

Merit: 250

I encouraged my local bakery to use it and now they do! I printed alot of info for them and showed them how much people use it and how it's not much effort for them to accept it and now they do so I think you just have to approach them and ask!

Harlot

hero member

Activity: 1806

Merit: 672

Quote from: Bitcoinbro on September 12, 2016, 03:03:17 AM

Encourigng local businesses to accept btc is a difficult thing to do as a one man army. To do this we have to let the business owners know that alot of people are prepared to pay with BTC and we have to show them the benefits of having low fees next to none etc. Maybe like this.

It requires a lot of process besides encouraging them as they will face problems such as converting btc to fiat money, your wallet account verification, also price volatility of btc compared to fat money. Some of which can discourage local businesses in accepting BTC.

Bitcoinbro

sr. member

Activity: 420

Merit: 250

Encourigng local businesses to accept btc is a difficult thing to do as a one man army. To do this we have to let the business owners know that alot of people are prepared to pay with BTC and we have to show them the benefits of having low fees next to none etc. Maybe like this.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: TheUltraElite on September 12, 2016, 12:59:51 AM

Quote from: Cast12 on September 11, 2016, 09:50:22 PM

We can encourage local businesses to accept BTC by educating them about the pros and cons of bitcoin. The only thing that I can see that is troublesome is the setting up of an address to end the bitcoin to. But we could always use a bitcoin debit card

.

It isnt that easy to encourage them. People dont trust each other. If I introduce them a new kind of money which floats in thin air, then think I am trying to scam them. They are more interested in fiat - why? because fiat is accepted everywhere and can be exchanged everywhere. They are running businesses they know how to make deals and stay away from volatile currencies. The acceptance of bitcoin in my country is an absolute nil.

I agree with you encouraging local businesses to accept bitcoin is not going to be an easy task to do. It is just like you are going to propose to them so that you are going to able to encourage them in formal way. You must do some presentation just for them to be able to convince in using bitcoin.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Cast12 on September 11, 2016, 09:50:22 PM

We can encourage local businesses to accept BTC by educating them about the pros and cons of bitcoin. The only thing that I can see that is troublesome is the setting up of an address to end the bitcoin to. But we could always use a bitcoin debit card

.

It isnt that easy to encourage them. People dont trust each other. If I introduce them a new kind of money which floats in thin air, then think I am trying to scam them. They are more interested in fiat - why? because fiat is accepted everywhere and can be exchanged everywhere. They are running businesses they know how to make deals and stay away from volatile currencies. The acceptance of bitcoin in my country is an absolute nil.

Cast12

sr. member

Activity: 266

Merit: 251

We can encourage local businesses to accept BTC by educating them about the pros and cons of bitcoin. The only thing that I can see that is troublesome is the setting up of an address to end the bitcoin to. But we could always use a bitcoin debit card

.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: ivanst776 on September 11, 2016, 09:29:52 AM

Quote from: knightkon on November 18, 2015, 12:05:24 PM

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.

Firstly bitcoin is not much popular which means that there will not be much transaction in bitcoin.

And if they don't have any profit they wouldn't start so I will not encourage them now but after a year.

but actually they can get a profit with this if they target the market of bitcoin users and also it can give them great impact and exposure since only few merchant for now are accepting this coin, so if they will grab this oppurtunity well they can possibly get an free advertisement since their name will be stick to bitcoins fame if they accepted it, so thats why i think its win-win situation for online business sector to accept bitcoin since bitcoin craze are spreading globally.

jam1nut0

member

Activity: 113

Merit: 10

Tell them that it is very easy for customers to pay for something

ivanst776

legendary

Activity: 1540

Merit: 1003

Quote from: knightkon on November 18, 2015, 12:05:24 PM

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.

Firstly bitcoin is not much popular which means that there will not be much transaction in bitcoin.

And if they don't have any profit they wouldn't start so I will not encourage them now but after a year.

chixka000

hero member

Activity: 910

Merit: 500

I think we just keep on using bitcoin and this is already a kind of support for this program. If we do continue to grow then it may be way for those investors to settle down and think if it is really worth it to invest into crypto currency since the community is getting wider and the opportunity of gaining profit is really enough.

Mastsetad

sr. member

Activity: 672

Merit: 250

Quote from: TheUltraElite on September 11, 2016, 05:02:14 AM

My country does not like the idea of coins that float in thin air (think about ether) Grin

I tried to teach them about e-currency and their response was "Sir, Do you really want to buy anything or are you wasting our time??". Fiat is ruling here and to be honest I like it. I still can secure my bank wallet let alone my private keys Grin

Many places are like that yet as bitcoin was never properly introduced to them like fiat, fiat has been running from centuries so now suddenly they cannot turn their faces to something else and stop using fiat at once, they would probably need some time to adopt bitcoin.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: sishendaoye on September 09, 2016, 09:55:32 AM

Quote from: agustina2 on September 09, 2016, 07:20:45 AM

Quote from: saiha on September 08, 2016, 08:46:30 AM

Quote from: rio3233 on September 08, 2016, 03:17:19 AM

The problem is even the local businesses accepting bitcoin, not all people using bitcoin even in my country it's like no one using bitcoin except me. So, i think it's like a bit useless if the local busines accept bitcoin but the people not use bitcoin.

It is really hard for a local store to accept bitcoin if there are only few bitcoin users in that place. But that is still going to be an advantage.

Because you are just the only one store that is going to accept bitcoin, what you need to do now is to market bitcoin and introduce it to the people.

Once you have done that you are going to start out to run your business properly with bitcoin.

Local stores are not meant to hold bitcoins that's why in the first place they aren't considering to accept it as one of their preferred payment method.

All of their products and services are mostly deals with fiat transactions so it's a risk for them to accept bitcoin. Even they have to accept bitcoin they will spend it quickly to circulate all products in the market.

I also think this is the point, its a risk because its not a currency that is stable or something and that we can use easily these days.
It first needs to get a lot more popular before shops can even accept it because not a lot of people are paying with it these days.

True, bitcoin isnt popular all over the world and even some countries didnt even heard about bitcoin. Its a little bit hard to convince a certain person or merchant to accept bitcoin on their businesses because they would surely refuse because they didnt even bitcoin yet. If adoption on bitcoin would be already progressive on a certain country then it might possible.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

My country does not like the idea of coins that float in thin air (think about ether) Grin

I tried to teach them about e-currency and their response was "Sir, Do you really want to buy anything or are you wasting our time??". Fiat is ruling here and to be honest I like it. I still can secure my bank wallet let alone my private keys Grin

Topic: How can we encourage local businesses to accept BTC? - page 74. (Read 185011 times)