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Topic: Is small business ready to sell for cryptocurrency? - page 6. (Read 4984 times)

sr. member
Activity: 1582
Merit: 253
Bitcoin's potential is more than enough to motivate anyone to start a cryptocurrency business, always being positive will also help us to do everything without any hesitation, it will help us to face everything with our all might. There must be an upside-down moments along the way of cryptocurrency business but it is all worth it for me, as long as we never give up, there is hope in the end.
in the current conditions, it is very much needed principles in investing like you and I agree with what you have to say in your opinion survive with patience and confidence that one day in the future it will be more advanced and developed and of course many investors are more interested in investing again
sr. member
Activity: 686
Merit: 257
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

I believe that they must have first the credibility to sell cryptocurrencies and as a small business it is hard to gain this easily. Also, if you are selling crypto you probably grow your business after all because many people will start to buy to them. In addition, they also have have the knowledge about the operation of crypto so that they are aware about the possible downs of their business and prepare for that.

It depends on country, if that country has a lot of crypto users, then for sure small business would take risk starting a crypto business just like here in our country, we do have small business that accepts crypto as payments, some business are buying and selling crypto for users, we even have our local exchange here.
sr. member
Activity: 896
Merit: 267
★Bitvest.io★ Play Plinko or Invest!
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

I believe that they must have first the credibility to sell cryptocurrencies and as a small business it is hard to gain this easily. Also, if you are selling crypto you probably grow your business after all because many people will start to buy to them. In addition, they also have have the knowledge about the operation of crypto so that they are aware about the possible downs of their business and prepare for that.
sr. member
Activity: 994
Merit: 257
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
The question is not "Are small businesses ready to sell for bitcoin/crypto?" because if its just selling that we're going to talk about, selling is easy, the real question is, are small businesses ready to handle the downside and challenges of getting into business involving crypto currency? Because being culture shocked is the least thing that you should do upon entering.
       On the other hand, in our country, there are already small tech-business that accepts bitcoin as payment and is still operating until now.

As of right now there are not enough people using cryptocurrencies so you could have a small business depending solely on the income produced by cryptocurrencies, a small business has to accept fiat if they want to remain competitive, but I have no doubts that in a few years we will see more businesses accepting bitcoin and then many other cryptocurrencies when people finally realize how easy they are to use.
sr. member
Activity: 756
Merit: 268
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
I think the use of cryptocurrencies even on small business would be a huge help for the market. It will encourage those people who don't have any idea yet on what crypto is. Also it can show them the convenience crypto can offer in many ways. Crypto is not like fiat but that does not mean it's not a risk when you try using crypto on your small business. Try thinking of the future, see if you will be successful or not about opening small crypto business.
full member
Activity: 560
Merit: 107
I believe that for any business, even for small business, cooperation with cryptocurrency will have very beneficial results.  Of course, such plans need to be implemented only if the legislation of your side does not contradict the use of cryptocurrency.  Even the best option is when the cryptocurrency is not recognized as an asset in the country and in reality will not be taxed.  In this case, the businessman gets a double conclusion.  Nevertheless, the use of cryptocurrency as a means of payment in your business, this not only increases the capabilities of customers, but also increases their number.

I agree with what you said that in any business, cooperation is one of the keys. If you can execute well your plans, strategies, and your observation, it has a significant chance to be successful, especially if cryptocurrency is legalized to your state and especially if you can contrivance it very well. Some stores accept bitcoin and other cryptocurrencies but mostly huge companies, but if they can do it, I'm sure some small or medium enterprises can do it also. Smiley
hero member
Activity: 1764
Merit: 584
I don't see any reasons why not. Granted there may be several things that have to be arranged to make it work but allowing your customers to pay you in crypto is likely going to be far cheaper than getting a credit card terminal (which works more like a rental from the bank). If a business can already afford to handle credit card payments, I don't see any reason why accepting crypto would be any harder.

The business likely would need to have more "back up" money, either cash-on-hand or on account. Even if they price their products/services in fiat, they might have to hold on to the crypto they are receiving, meaning they can't easily rely on it for their day-to-day operations. Like, they can't just roll-over yesterday's earnings for use today.

The question is not "Are small businesses ready to sell for bitcoin/crypto?" because if its just selling that we're going to talk about, selling is easy, the real question is, are small businesses ready to handle the downside and challenges of getting into business involving crypto currency? Because being culture shocked is the least thing that you should do upon entering.
       On the other hand, in our country, there are already small tech-business that accepts bitcoin as payment and is still operating until now.

I think what would be problematic for them would be the fluctuating price, meaning they may not be able to immediately en-cash earnings to pay for expenses, etc.
full member
Activity: 966
Merit: 104
I believe that for any business, even for small business, cooperation with cryptocurrency will have very beneficial results.  Of course, such plans need to be implemented only if the legislation of your side does not contradict the use of cryptocurrency.  Even the best option is when the cryptocurrency is not recognized as an asset in the country and in reality will not be taxed.  In this case, the businessman gets a double conclusion.  Nevertheless, the use of cryptocurrency as a means of payment in your business, this not only increases the capabilities of customers, but also increases their number.
sr. member
Activity: 784
Merit: 252
anyone can start a crypto business, because now technology is increasingly sophisticated. Not a few people start their business and accept payments using crypto. although the value of crypto is fluactive, of course all have advantages and disadvantages.
jr. member
Activity: 114
Merit: 1
Small business will be ready for this only after right refulation. For now, its too risky to do so in majority of countries
full member
Activity: 1330
Merit: 248
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency.
People who wants to invest in crypto is ofcourse those who wants to earn profit and at the same time, have enough capital.
What kind of quick and easy to build store you mean? There are already lots of online store that we can use bitcoin as payment.


What kind of reasons can motivate people to start a crypto business?
To have a lot of earning with crypto, is the best reasons we can use.
sr. member
Activity: 2254
Merit: 309
Seabet.io | Crypto-Casino
Big and small business is not worry to start payment with cryptocurrency because when you adopt bitcoin as payment you have ready with your bitcoin account and way to faster make payment with bitcoin with ready your bitcoin kinds like coinbase wallet or you have local exchange payment, maybe if using the same wallet without fee for every transaction.
member
Activity: 938
Merit: 14
Earn more with Earn Network
In making systems such as payment using cryptocurrency is not easy, because the owner must think of several important aspects, aspects of value fluctuations for example. Those who have a small business, tend to be difficult to work with exchangers in their country, because the owner also needs official money for basic needs in their business. But for big business I think there is a no problem if they want to use payment alternatives like cryptocurrency, like "starbuck".
One of the biggest challenge for both small and big businesses in adopting cryptocurrency is the long verification time for a transaction. Only businesses who can wait for a particular long time for a payment can accept such payment system. Most of the small businesses works on a cash and carry system and needs to get paid once and item is bought. Perhaps, the Lightning Network will improve upon this.
full member
Activity: 694
Merit: 108
santacoin.io
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

There are many businesses currently accepting bitcoin and other cryptocurrencies as a form of payment. Currently there are over dozens of crypto payment processors for online merchants such as Coinbase, BitPay, CoinPayments.net, Cryptonator, and others. Note that, cryptocurrency is still a very small ecosystem compared to other payment processors for online merchants such as PayPal, Stripe, Visa, MasterCard and so on.
legendary
Activity: 1610
Merit: 1003
in my country, you can have bitcoin but you cant buy and sell with bitcoin. its not currency, but digital asset. but i know if small store or maybe some service provide payment use cryptocurrent. i dont know where is it but im sure the place in big city that many traveler. this is good to provide this seevice, maybe many people have visited that place
legendary
Activity: 2730
Merit: 1288
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

Stores and businesses will sell for crypto only if people will be wiling to buy with crypto. There has to be demand first. Problem is that no matter how simple is to use crypto people avoid using it.
hero member
Activity: 1190
Merit: 511
Bitcoin's potential is more than enough to motivate anyone to start a cryptocurrency business, always being positive will also help us to do everything without any hesitation, it will help us to face everything with our all might. There must be an upside-down moments along the way of cryptocurrency business but it is all worth it for me, as long as we never give up, there is hope in the end.

Just like here in our country there are very minimal number of small businesses who are initiating and accepting Bitcoin as payment, with this, we are positive that here in our country we are truly adopting the power of crypto as even small business seeing its potential not only for the benefit of Bitcoin but for them to attract more customers to their business.
sr. member
Activity: 1274
Merit: 252
In making systems such as payment using cryptocurrency is not easy, because the owner must think of several important aspects, aspects of value fluctuations for example. Those who have a small business, tend to be difficult to work with exchangers in their country, because the owner also needs official money for basic needs in their business. But for big business I think there is a no problem if they want to use payment alternatives like cryptocurrency, like "starbuck".
sr. member
Activity: 1526
Merit: 332
★Bitvest.io★ Play Plinko or Invest!
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
If cryptocurrencies are more stable, and in case of bitcoin, transactions are faster, then probably even small businesses would look into it. But with the current limitations and capabilities, I don't think it's viable for these small businesses to adopt, not as of now. It's only applicable to large enterprises where it can attract more customers. It'll be profitable unlike with the small ones. Small businesses, with limited customers, would just suffer with price changes since every small amounts to them is huge enough and can mean success or failure to the business.
hero member
Activity: 1736
Merit: 589
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
The question is not "Are small businesses ready to sell for bitcoin/crypto?" because if its just selling that we're going to talk about, selling is easy, the real question is, are small businesses ready to handle the downside and challenges of getting into business involving crypto currency? Because being culture shocked is the least thing that you should do upon entering.
       On the other hand, in our country, there are already small tech-business that accepts bitcoin as payment and is still operating until now.
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