How can we encourage local businesses to accept BTC? - page 78.

Intristing

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Quote from: enhu on July 16, 2016, 10:53:28 AM

While its not bad to achieve both the local businesses to also accept Bitcoin, the word about bitcoin may just be spread widely if its also used and accepted widely by online users to huge auction and ecommerce sites such as Amazon and the likes. With it being used online, we need not to encourage local business but they may initiate by themselves.

In a few years, when there are a few million people use the bitcoin, the bitcoin price will be many times more. But that might not happen if the bitcoin does not innovate any more.

warwar

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Quote from: Harlot on August 14, 2016, 01:51:05 PM

Quote from: wikenpp on August 12, 2016, 04:38:03 PM

Quote from: Harlot on August 12, 2016, 07:18:14 AM

Quote from: OrangeSeller on August 08, 2016, 03:53:56 AM

Quote from: Harlot on July 28, 2016, 11:49:25 AM

Quote from: Altcoinmoney on November 19, 2015, 06:19:42 AM

If the business is sending money to other country.
Than I think is good to tell them that Bitcoin is a solution because is faster and cheaper.

I think this is not a solution. Because BTC wallets can send Bitcoin directly to other BTC wallets so I dont know why money senders needs BTC for there businesses? In fact BTC's convenience can weaken their sales

This is not a good idea at all. you can convince the sender to use bitcoin, but what if the receiver don't have the features of bitcoin? and only sending and receiving is not enough for local business, they send in fiat because fiat can be use easily in locally also. and bitcoin can't be used easily. if you accept bitcoin you again need to exchange them into fiat to use them and spend them.

Well the receiver can always have the solution to create a btc wallet its free and easy and you will instantly get an btc address . Also Exhanging it to Fiat is also not a problems. As many of the btc walket has a option to diractly move btc into your bank account automatically converting it to fiat.

I think merchant find it hard to actually integrate bitcoin in their cash flow. Remember not everybody is technical and when you accept bitcoin, basic knowledge is required.
Overall I do think that bitcoin will become accepted globally but it is all a matter of time.

When it happens, banks will shake out of fear.

We're missing one importand aspect here. It's the legality of bitcoin. How can a local business accept btc of its illegal in the first place. Some countrie prohibit the transactiom of btc thats the one of the big reasons whys it can't grow locally.

Yup we should also think about the countries that is not accepting bicoin as payment because of legality of it we know that in our country we are free on using bitcoin because its okay with our government but if we implement or if we encourage the local business to accept bitcoin as a payment then it would happen only in our country.

Mastsetad

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Quote from: angaper on August 14, 2016, 03:27:34 PM

Actually it is needed an increased adoption of bitcoin as a more popular payment method between Internet users to increase the interest of stores to accept this coin. I think we need to be patient because this process is gradual and still will take more years.

The process is obviously gradual and would take time but it is not a bad idea if something introduces bitcoin to his local retailers to accept bitcoin and they would surely do it if they understand the advantages of it and if they accept it then more and more local people will come to know about it and that gradual change would be good for bitcoin.

Wowcoin

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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 .

angaper

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Actually it is needed an increased adoption of bitcoin as a more popular payment method between Internet users to increase the interest of stores to accept this coin. I think we need to be patient because this process is gradual and still will take more years.

Harlot

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Quote from: wikenpp on August 12, 2016, 04:38:03 PM

Quote from: Harlot on August 12, 2016, 07:18:14 AM

Quote from: OrangeSeller on August 08, 2016, 03:53:56 AM

Quote from: Harlot on July 28, 2016, 11:49:25 AM

Quote from: Altcoinmoney on November 19, 2015, 06:19:42 AM

If the business is sending money to other country.
Than I think is good to tell them that Bitcoin is a solution because is faster and cheaper.

I think this is not a solution. Because BTC wallets can send Bitcoin directly to other BTC wallets so I dont know why money senders needs BTC for there businesses? In fact BTC's convenience can weaken their sales

This is not a good idea at all. you can convince the sender to use bitcoin, but what if the receiver don't have the features of bitcoin? and only sending and receiving is not enough for local business, they send in fiat because fiat can be use easily in locally also. and bitcoin can't be used easily. if you accept bitcoin you again need to exchange them into fiat to use them and spend them.

Well the receiver can always have the solution to create a btc wallet its free and easy and you will instantly get an btc address . Also Exhanging it to Fiat is also not a problems. As many of the btc walket has a option to diractly move btc into your bank account automatically converting it to fiat.

I think merchant find it hard to actually integrate bitcoin in their cash flow. Remember not everybody is technical and when you accept bitcoin, basic knowledge is required.
Overall I do think that bitcoin will become accepted globally but it is all a matter of time.

When it happens, banks will shake out of fear.

We're missing one importand aspect here. It's the legality of bitcoin. How can a local business accept btc of its illegal in the first place. Some countrie prohibit the transactiom of btc thats the one of the big reasons whys it can't grow locally.

PremiumCodeX

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Quote from: wikenpp on August 12, 2016, 04:38:03 PM

When it happens, banks will shake out of fear.

I also think BTC will become globally more known and accepted by businesses, but I have my doubts that banks will shake out of fear. Banks have the technical knowledge, necessary funds and true interest in adapting BTC instead. They will be among the biggest investors. Especially due to the growing ransomware threat.

wikenpp

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Quote from: Harlot on August 12, 2016, 07:18:14 AM

Quote from: OrangeSeller on August 08, 2016, 03:53:56 AM

Quote from: Harlot on July 28, 2016, 11:49:25 AM

Quote from: Altcoinmoney on November 19, 2015, 06:19:42 AM

If the business is sending money to other country.
Than I think is good to tell them that Bitcoin is a solution because is faster and cheaper.

I think this is not a solution. Because BTC wallets can send Bitcoin directly to other BTC wallets so I dont know why money senders needs BTC for there businesses? In fact BTC's convenience can weaken their sales

This is not a good idea at all. you can convince the sender to use bitcoin, but what if the receiver don't have the features of bitcoin? and only sending and receiving is not enough for local business, they send in fiat because fiat can be use easily in locally also. and bitcoin can't be used easily. if you accept bitcoin you again need to exchange them into fiat to use them and spend them.

Well the receiver can always have the solution to create a btc wallet its free and easy and you will instantly get an btc address . Also Exhanging it to Fiat is also not a problems. As many of the btc walket has a option to diractly move btc into your bank account automatically converting it to fiat.

I think merchant find it hard to actually integrate bitcoin in their cash flow. Remember not everybody is technical and when you accept bitcoin, basic knowledge is required.
Overall I do think that bitcoin will become accepted globally but it is all a matter of time.

When it happens, banks will shake out of fear.

Harlot

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Quote from: OrangeSeller on August 08, 2016, 03:53:56 AM

Quote from: Harlot on July 28, 2016, 11:49:25 AM

Quote from: Altcoinmoney on November 19, 2015, 06:19:42 AM

If the business is sending money to other country.
Than I think is good to tell them that Bitcoin is a solution because is faster and cheaper.

I think this is not a solution. Because BTC wallets can send Bitcoin directly to other BTC wallets so I dont know why money senders needs BTC for there businesses? In fact BTC's convenience can weaken their sales

This is not a good idea at all. you can convince the sender to use bitcoin, but what if the receiver don't have the features of bitcoin? and only sending and receiving is not enough for local business, they send in fiat because fiat can be use easily in locally also. and bitcoin can't be used easily. if you accept bitcoin you again need to exchange them into fiat to use them and spend them.

Well the receiver can always have the solution to create a btc wallet its free and easy and you will instantly get an btc address . Also Exhanging it to Fiat is also not a problems. As many of the btc walket has a option to diractly move btc into your bank account automatically converting it to fiat.

agustina2

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Quote from: PremiumCodeX on August 12, 2016, 04:32:53 AM

I think, it is rather encouraging when I can explain them what advantages they have in case they include BTC in their plans. No matter how cool invention BTC is while it has no use in a business plan. Anyone who demonstrates BTC to a business should emphasize the factors that can really help in the businesses strategy. If you could not find any factor that would well help the business, maybe the business should not accept BTC. However, I can imagine several cases when a business meet with some problem that the advances of BTC could easily solve. In these cases, the chance is very good to demonstrate the advantages of BTC.

Agree and most of local businesses are dealing almost with fiat transactions with their products and partnered merchants so accepting bitcoin can give them less profits. They will not hold bitcoin if ever they will accept bitcoin. They will use it again so the price fluctuations in bitcoin will not give them good profits.

PremiumCodeX

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I think, it is rather encouraging when I can explain them what advantages they have in case they include BTC in their plans. No matter how cool invention BTC is while it has no use in a business plan. Anyone who demonstrates BTC to a business should emphasize the factors that can really help in the businesses strategy. If you could not find any factor that would well help the business, maybe the business should not accept BTC. However, I can imagine several cases when a business meet with some problem that the advances of BTC could easily solve. In these cases, the chance is very good to demonstrate the advantages of BTC.

agustina2

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Quote from: ASHLIUSZ on August 11, 2016, 10:16:58 AM

Using bitcoin for purchases encourages mainstream adoption and will thusly contribute to the value of your long term holdings as well. If more businesses had the ability to accept bitcoin, it might encourage consumers to start obtaining and spending it.

And say goodbye now to an active price volatility of bitcoin since regular usage will lead to a strong currency. That is a great step for bitcoin and I like bitcoin to become a strong one by using it as a currency and not for investment purposes.

ASHLIUSZ

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Using bitcoin for purchases encourages mainstream adoption and will thusly contribute to the value of your long term holdings as well. If more businesses had the ability to accept bitcoin, it might encourage consumers to start obtaining and spending it.

Ryan Dugan

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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.

Show the business low fees and ease of it. Maybe it will work but if there not so many to use the btc qr codes maybe not. But to have the option is nice. The owner will only need qr code so very cheap and easy.

daniahya

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Quote from: Intristing on August 09, 2016, 12:37:39 PM

Quote from: Pasnik on August 07, 2016, 10:48:14 AM

Quote from: @prashant on August 06, 2016, 05:10:27 AM

Before telling him what btc is ,you should him the price graph.Tell him about its unstable price nature and how much he can earn profit.

That could be right. Although the bitcoin price is volatile, the price will rise in the long term. So if you hold long, you will make money.

If the local business accepts the bitcoin and hold the bitcoin for a few hours, that will increase the bitcoin value.

a slight advantage I think is enough, because if stored too long I fear of not liking

Intristing

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Quote from: Pasnik on August 07, 2016, 10:48:14 AM

Quote from: @prashant on August 06, 2016, 05:10:27 AM

Before telling him what btc is ,you should him the price graph.Tell him about its unstable price nature and how much he can earn profit.

That could be right. Although the bitcoin price is volatile, the price will rise in the long term. So if you hold long, you will make money.

If the local business accepts the bitcoin and hold the bitcoin for a few hours, that will increase the bitcoin value.

lemipawa

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It's going to be hard to convince local businesses to accept Bitcoins specially if they are not connected online. While everyone in this forum is dreaming that there will be a time for Bitcoins to accepted and go main stream like Paypal there are still people out there who does not appreciate Bitcoin and it's features. The confirmation alone is already a hassle to the local businesses, sometimes 1 confirmation can take up to 5 or more hours.

OrangeSeller

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Quote from: Harlot on July 28, 2016, 11:49:25 AM

Quote from: Altcoinmoney on November 19, 2015, 06:19:42 AM

If the business is sending money to other country.
Than I think is good to tell them that Bitcoin is a solution because is faster and cheaper.

I think this is not a solution. Because BTC wallets can send Bitcoin directly to other BTC wallets so I dont know why money senders needs BTC for there businesses? In fact BTC's convenience can weaken their sales

This is not a good idea at all. you can convince the sender to use bitcoin, but what if the receiver don't have the features of bitcoin? and only sending and receiving is not enough for local business, they send in fiat because fiat can be use easily in locally also. and bitcoin can't be used easily. if you accept bitcoin you again need to exchange them into fiat to use them and spend them.

Pasnik

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Quote from: @prashant on August 06, 2016, 05:10:27 AM

Before telling him what btc is ,you should him the price graph.Tell him about its unstable price nature and how much he can earn profit.

That could be right. Although the bitcoin price is volatile, the price will rise in the long term. So if you hold long, you will make money.

@prashant

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Before telling him what btc is ,you should him the price graph.Tell him about its unstable price nature and how much he can earn profit.

Topic: How can we encourage local businesses to accept BTC? - page 78. (Read 185011 times)