Topic: I was shocked that my Neighbor also used bitcoin as mode of payment (Read 493 times)

At last, you are a senior member of this platform (just kidding). You really make a good move here by motivating him because in a place where crypto is not adopted that much and if one is trying to break that tradition by moving a little forward to digitalization, neighbors and people in the town will definitely not support this. And yet you do know the potential of crypto and have great knowledge so i really liked, how you motivated him. Good work.

Plus, you should ask him to join this platform where he could grow more and can earn extra money too while sitting in the shop in his spare time. I hope you like this idea because helping others will help you in the future. Plus you will get a partner in crypto and you will not be alone anymore. I sometimes, give a thought of giving ideas to my relatives who are involved in trading (not digital goods) like in real-world trading via shops and other ways. That you should prefer crypto as a source on payment. But i always hesitate to tell them because i know, no one will prefer this way, even my relatives won't because they are tightly bound to banks and traditional ways of finance so i doubt they will shift to this method any time soon.

Maybe, if a BTC ATM is implemented in our country then it might be considered as a payment. Well, it all depends on the actions that government takes against crypto. if that is in support of it then i hope my relatives will prefer it otherwise not.

Pouch wallet? as far as I know there are many merchants of this apps wallet which is more than 400+. It's funny that your neighbor, even though he doesn't fully understand Bitcoin yet, he just found out how it can be used in his business, and the Pouch is rightly suitable for the various stores he has, because of my knowledge as well Pouch fees are also small.

From what I can see, he didn't doubt Bitcoin so he immediately adopted it in his mind, as if it was enough for him to teach him how to use it in Pouch, gcash and how to buy Bitcoin on Binance which at the same time is In short, he also has a Binance account. I admire your neighbor.

It's a good news that more and more local shops are accepting Bitcoin everyday, I hope your neighbor gets lots of customers so her competitors join her in accepting Bitcoin and the network grows in your neighborhood. I hope Bitcoin isn't ban by your government so you don't get disturbed by the authorities for breaking the laws of your country. Let her not fail to pay her tax so she doesn't get charged.

If this continues maybe the bigger shows like shopping malls and supermarket in your neighborhood can start accepting Bitcoin too and this will drive up adoptions in your neighbors to spreads to other parts of the country as the news keep spreading around.

Honestly, I was his first customer who paid with Bitcoin because I bought a load on my mobile device there is a load services in the app's wallet that He used because I wanted to experience and make him feel something like that. And the app he uses is the Pouch wallet. This is also one of the recommended ones that his cousin taught that can be used in his business and the gcash app wallet when he wants to buy Bitcoin on the Binance platform.

Of course, because I was surprised and happy, I forgot to take a picture of his store and the pouch wallet he was using. His cousin only taught him the basics, because I also told him that it's not easy to understand Bitcoin, it takes time, but he just found out how to connect Bitcoin to his sari-sari store. Which is also okay actually. Maybe when I get home, I'll go back to him again to take a picture because I'm in the province right now.

Then when I saw that he was Bitcoin accepted from his store, you can't see a barcode, because he just wrote Bitcoin accepted on a piece of bond paper, I smiled at that, as if he was also excited and I also felt that my neighbor really doesn't know anything about in bitcoin, except that his cousin taught him how to make a transaction when someone paid him bitcoin using the pouch wallet.

This is a positive development for bitcoin, and before you know it, your neighborhood will have more bitcoin users. Almost every region of the world is aware of bitcoin, despite the fact that it has not yet gained widespread acceptance, and we occasionally witness people using it, so it is not news anymore. I hope that your neighbor thoroughly knows bitcoin before opting to accept it as payment. Anyone who wants to adopt bitcoin needs to grasp how it functions effectively. As the sole bitcoiner in the area, it is now your duty to take him along and thoroughly explain everything if he doesn't already know it. He should be educated on the risks involved, how to use wallets and secure them properly, how to protect oneself from theft and the possibility of losing his belongings, as well as all other necessary fundamental knowledge.

Here and there we'll be able to see cryptocurrency users through some means. Apart, most of the users hide themselves. This is all because of the legality issues around the world. I've come across information from Nigeria, the government haven't announced anything about the legality and people on their own risk continue to use cryptocurrency into different businesses. Even in a petrol station a person working on it have introduced bitcoin payment. Hope the change takes place and lets be part of it by spending on such stores.

So did you pay for any items with bitcoin yourself?  I appreciate you sharing this story with us.  I'm curious as to how his cousin "earns a living with bitcoin" and how that made your neighbor want to get involved with bitcoin and start accepting it at his store.  Hopefully he's got a realistic idea of how it all actually works.

I say bravo to him though.  It's important that people use bitcoin as a means of payment in my opinion.  This is how bitcoin adoption will grow, or one way anyhow.

The only thing that bothers me with physical store who accepts Bitcoin is fee for every transaction. I have e-wallet if they have alternative method to pay something where the fee is significantly lower than Bitcoin and it's faster. Unlike Bitcoin which is probably longer and more expensive in terms of fee, although in one side I think let's see and treat as another way to pay stuff if I don't have money in my e-wallet.

Aside of that, more adoption of Bitcoin is great and being able to pay more stuff with Bitcoin is always welcome especially to bring more people into Bitcoin.

No wonder Bitcoin has become popular with people day by day. Because of this, your neighbor might want to trade with Bitcoin. But I applaud him for taking such an initiative. Although we have not yet started using Bitcoin in any of our stores here, there is a love for it.  Doing business through Bitcoin will bring a lot of success. If we are aware about bitcoin and know how to use it well then we can also inform our children about bitcoin. It should be used with awareness.

This sounds really interesting, and good luck to your neighbor, I am also looking forward to the day when businesses in my area here can declare officially that they are now accepting bitcoin, I would never would have to convert my bitcoin to fiat and withdraw before I spend it anymore, directly with my bitcoin in my wallet, I can buy what ever I want and make payment directly through my bitcoin wallet..
This alone can drive and aid in bitcoin adoption, but the only thing that is going to be a big challenge is the transaction fee, even at $2 per transaction, that is still very expensive when compared to what items been bought and paid for in bitcoin is worth, if for example, total items are all together worth below $50, paying $2 in fees for transaction confirmation is rather too expensive to be honest.

Any well-being and disciplined entrepreneur will do anything to make payment easy for his customers because when you rely on a single mode of payment, you will lose customers sometimes because they can have technical problems sometimes, it is always best when you provide customers with different choices of payment, it will even give them this confidence of having a successful deal with you as a seller. I think the last time I Learned Master Card block p$^nhub from using their platform to receive payment and ever since then, they have added different types of crypto payment for viewers who wish to go premium, it's part of the development we all want with Bitcoin.

Loyalty to bitcoin manifests everywhere for some of the people who are participating, sometimes we are too concerned with the problem of outside look and judgment that we do not want to express our thoughts from ourselves.
I found the OP's neighbor from the story quite honest, although this is only a small act, it shows that there are still some even more people who are optimistic about the future of BTC, personally I fully support these things appear more in life.

A great way to start a conversation about how he is able to mitigate the effects of the volatility, the type of wallet he uses. Does he have a separate wallet for his business? How is he able to do his PnL analysis?

You would be shocked by how many people own bitcoin in your neighbourhood that you didn't know about if you do a survey. If you work in the investment and financial sector, these guys already know the potential that bitcoin has. They buy some satoshis, hold and keep quiet living their lives. They do not tweet or write anything about bitcoin online. They are like bitcoin's secret disciple.

Individually most people accept it as a payment mode at least those who know how precious Bitcoin is. These days digital payment is preferred everywhere from small Shops to big restaurants most people don't carry cash, So there is nothing weird if anyone is accepting BTC as a digital payment mode. Even sometimes I did some casual payments for buying products in BTC and when I did the first time I was also shocked because I was selling BTC P2P for making payment he said Bro why are you selling to someone else I can take it as well make a direct transfer to me.

After that day I decided whether then converting my Bitcoins to Fiat and why not to ask the person to accept BTC first at least if He doesn't know he will spend some time in curiosity and try to figure out what I was talking about. Then maybe when he'll search about and educate himself, with that act maybe the community will get another Bitcoiner

Nice to hear that his neighbor uses bitcoins and also accepts bitcoin payments in his shop, it looks like your neighbor is about to become a bitcoin family because besides his children his cousin also uses it even for his main source of income.
actually without us knowing it many people around us use it for their own interests and I also experienced it because besides me around me there are also many who use bitcoin. And this is proof that bitcoin will continue to grow and continue to be popular because of the many good benefits for those who use it, and what surprised me the most is that bitcoin can be used as an alternative for unexpected payments like my experience here. https://bitcointalksearch.org/topic/--5401052

If two bitcoiners are coming together then this is least of their worries. We can always start to explore various options that pre exists. This includes paper wallet and they can be carried with us and handed over to the shop keeper or wherever the business is happening.

I mean since he is neighbour or live nearby they can always trust each other with the paper wallet. They could print some bitcoin money in the form of paper wallet; visit the store and hand over the equivalent amount of bitcoin. I’m sure there needs improvisation of the system but it’s nothing like we have no options at all and keep crying about it all the time about fees. That’s also temporary by the way.

It's obvious that a lot of people really want to adopt Bitcoin as a payment method, which I find to be a very active way of communicating Bitcoin to the people living around you. Since I started accepting Bitcoin in my business, I think I have even lost count of how many people have really inquired about Bitcoin knowledge from me. Some of my customers are really interested in knowing what Bitcoin really is, and although I have given many of them time to explain, I have also referred some to the forum. I have also given them a lot of materials to watch and read, and I have also given them the opportunity to relate to me any time they have questions.

Well, I like the fact that you told your neighbor to call and ask you anything any time he wants, because often times if he is persistent in accepting Bitcoin, as long as he always has that display of "we now accept Bitcoin" in his shop, he should also get ready to entertain a lot of questions about Bitcoin from some customers that have zero knowledge about Bitcoin. Best of luck to him.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

If the store wants customers to make purchases and pay with bitcoin, then they must take care of the commission issue. Otherwise, competitors who are nearby and accept payment in fiat, without any commissions, will very quickly lure all buyers. In this situation, paying with bitcoin, especially if these are small purchases, is not profitable, primarily because of high commissions.

It's very good that the government in your area doesn't prohibit its citizens from accepting Bitcoin as a means of payment, because in my country even if you only trade crypto you will be fined, especially if you accept bitcoin as payment, you will definitely be punished and your business will be closed. Hopefully in your area Bitcoin will be more widely used, because we know that with the increasing adoption of Bitcoin in one community it can bring good changes and improve the economy of the community.

There are several of us who have raised this point in the thread but so far the OP has not come back here to clarify it. Let's hope that this does not become a spam mega thread in which the OP opens a thread and does not deign to come back here.


That's the central question of the thread, and as skeptical as I am it makes me think it's BS, a made up story like the many you see around here to meet the weekly quota, as well as trying to fish for some merit.