I was shocked that my Neighbor also used bitcoin as mode of payment - page 5.

Eternad

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Quote from: gunhell16 on June 07, 2023, 01:36:07 AM

And his answer to me is that his cousin is doing bitcoin trade and he mentioned to him that bitcoin is his cousin's primary source of income, and he also advised him that bitcoin can be used as an option for payment for his goods. , and also taught him how to do it.

It's funny because at least I'm not alone in our place anymore, and I also told my neighbor that if he wants to ask a question, He can ask me anytime.

How long does your neighbor business accepting Bitcoin and what’s his feedback so far on using it? Bitcoin price is very volatile recently which might affect all his sales on Bitcoin if he didn’t convert in fiat immediately.

It’s nice to see a local small store using Bitcoin as mode of payment. I will be happy to support store like this if I see in my area but so far no one here is doing this kind of movement for Bitcoin. What particular area you are. I’m assuming you are from Philippines too because sari sari store is our local term for mini store.

Posting some picture of it will make this story more interesting.

Odusko

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Leading Crypto Sports Betting & Casino Platform

Sound good to hear that your neighbour accepts Bitcoin as payment in the retail store, but with all due respect this story is not enough to create a thread for it I guess there are several threads here in the forum where you can share your story and also receive the necessary attention.
What I can point to, to make a discussion out of this topic is a few like, where do the neighbour children get access to Bitcoin from that the parent is advising them to pay with Bitcoin?
How does he intend to manage the fees on small goods and who pays for the blockchain fees while using it in the store to pay for the goods?

Poker Player

legendary

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Nice story, but, assuming it's true, it doesn't seem to me the best time to accept Bitcoin payments in a physical store, being the fees to get a transaction confirmed in the next block around $2. If I'm going to buy $10 worth of items in the store why should I have to wait ten minutes on average and pay a 20% fee if paying with cash I don't pay fees and I don't have to wait.

Using LN would make more sense, but you would have to open a channel with each customer, so neither.

un_rank

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- Jay -

Good for your neighbor, you can ask them if they did their research before setting up their bitcoin payment option and if a single customer would be enough to keep such payment option up considering they would be paying fees to withdraw the bitcoin to your local currency.
Or if they plan to hodl the bitcoins gotten.

- Jay -

gunhell16

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I just want to share something here, because I have a neighbor here who has a small store called Sari-Sari store, whose goods are, can goods, coconut, wine, candies, soft drinks, soy sauce, and so on. I was just surprised when I was going to buy from his store, there was a poster that said "We accept Bitcoin" as payment, I smiled at this neighbor of mine.

I asked him what motivated him to do this, and although it's good that he did it, Then who will be the customer who will use Bitcoin to pay for his goods? His answer to me was me, I laughed even more and was happy with his answer. Because apart from me, even his children, when buying their goods, he will also teach them to pay with Bitcoin. You're doing a good job, teaching your children and awareness about Bitcoin, keep doing it and I'll support you in that matter.

And his answer to me is that his cousin is doing bitcoin trade and he mentioned to him that bitcoin is his cousin's primary source of income, and he also advised him that bitcoin can be used as an option for payment for his goods. , and also taught him how to do it.

It's funny because at least I'm not alone in our place anymore, and I also told my neighbor that if he wants to ask a question, He can ask me anytime.

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