Pay for coffee with Bitcoin - page 5.

Odusko

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Quote from: stompix on February 07, 2022, 07:06:44 AM

Quote from: qwertyup23 on February 04, 2022, 01:33:57 PM

I find it amusing to see that third-world countries are starting to adapt and integrate BTC in their mode of transactions on payments. I just do not understand on why some first world countries are missing out in this opportunity, given that cryptocurrencies are starting to take over predominantly on the market.

Who is missing what?
https://coinmap.org/view/#/world/33.50475907/58.71093750/3

Anyhow, for pages on this topic and yet we still don't have
- a clue where the coffee is located
- some pics of the coffee shop
yet the owner says is doing everything to promote it, lol.

In contrast, looking at another topic about coffee and crypto the first things posted where the location and picture of the menu.

Makes you really wonder, is this so-called coffee shop even real?

Business is not easy in a harsh economy such as we have in Nigeria that is why so many starts up never attain success, in the long run, I have been going through paperwork for over some weeks now trying to get a certificate from the National Agency for food and drugs and also some revenue certificates all this is time and resources consuming, to this very moment the business has not fully kicked off because of all these challenges.

Yamifoud

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Quote from: retreat on February 19, 2022, 03:47:01 PM

this is one of my dreams, which is to have a coffee shop that accepts payments with Bitcoin but what can I do, in my country Bitcoin is strictly prohibited as payment, business people who violate it will be penalized by the government and in the worst case scenario can be jailed. you are lucky enough to live in an area that is not so hard on Bitcoin, hope your business thrives.

Ohh, that was soo sad. It sometimes happens that the government is our enemy, blocking our desires and a better future. But as the use of Bitcoins is strictly prohibited, you'd better not try as surely the authorities will come to you and that can be possible to OP as well.
Maybe, if you can move to another country where Bitcoin is not prohibited and continue your dream otherwise, you will run your coffee shop accepting fiat money only.

isaac_clarke22

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For just an ordinary cup of coffee, it might seem like that but hey people are innovative to coffee these days and putting all kinds of stuff. Most coffee shops here in my country are also selling frappe. From that they could at least adjust the price up wherein, it won't be an issue where you pay a fee and get a free coffee. It's not that difficult to be honest, unless you're still doing a startup for coffee shop business though I would advise sticking first to fiat and wait for your business to expand as well as your capital before you put Bitcoin payments as an alternative method of transaction there.

retreat

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this is one of my dreams, which is to have a coffee shop that accepts payments with Bitcoin but what can I do, in my country Bitcoin is strictly prohibited as payment, business people who violate it will be penalized by the government and in the worst case scenario can be jailed. you are lucky enough to live in an area that is not so hard on Bitcoin, hope your business thrives.

BITCOIN4X

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Quote from: Ararbermas on February 19, 2022, 02:12:17 PM

yhup probably that would be the reason why Op still don't have costumer up to now..and i think it will become more reasonable to have bitcoin as a payment if you're selling expensive coffee as well like" kopi luwak" which the price ranging between $100 to $200 because surely those rich people who loves such expensive coffee in your country will gonna visit your coffee shop and pay bitcoin and since they are rich probably they don't mind about the fess. Lol

Use LN if you want to pay for coffee at a lower price, it's a great payment option for smaller amounts with bitcoin. Although I suggest you use LN to pay smaller price with bitcoin but I have never tried it because my country prohibits using bitcoin as a means of payment. I have to convert bitcoin to fiat if I want to pay for something, so this is the reason why I haven't tried it yet.

Actually I also haven't tried whether Electrum can be used to send bitcoins worth $1-$2 with a transaction fee of 1 sat/byte. If that's possible then I think people still have the option of paying for a pack of cigarettes with bitcoin.

Ararbermas

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In my country the price of coffee is so cheap that it is impossible to sell coffee using Bitcoin as a means of payment. If it is calculated, the transaction costs will be greater than the price of the coffee sold.

yhup probably that would be the reason why Op still don't have costumer up to now..and i think it will become more reasonable to have bitcoin as a payment if you're selling expensive coffee as well like" kopi luwak" which the price ranging between $100 to $200 because surely those rich people who loves such expensive coffee in your country will gonna visit your coffee shop and pay bitcoin and since they are rich probably they don't mind about the fess. Lol

fzkto

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In my country the price of coffee is so cheap that it is impossible to sell coffee using Bitcoin as a means of payment. If it is calculated, the transaction costs will be greater than the price of the coffee sold.
I think that's why you don't have any Bitcoin customers, nor do I know how much coffee costs in your country.
I prefer to sell something that is more valuable and has greater benefits, for example selling computer equipment, selling electronic equipment and selling household furniture such as (tables, chairs, cabinets, etc.)

I agree with you that bitcoin is not the best option for paying for purchases, as you spend almost as much on fees when you make small payments. There is also another important issue, which is the payment of taxes for the organisation. It is not clear to me how the government will regulate the purchases?

browsiek

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Based on the purpose of introducing Bitcoin that you want to spread, it would be better to review the situation of the people around you. After all, even though a country, especially where you live, is almost familiar with crypto, the promotion aspect must continue. In this way, the launch of the project and the promised outlet will be expected to develop according to the goals to be achieved. Believe that over time, both the government and citizens will continue to pay attention to the growth of Bitcoin on a micro and macro scale.

macson

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Quote from: Odusko on February 01, 2022, 02:29:20 AM

In a third-world African country, Nigeria operated by Female CEO. Hello, friends am from Nigeria a country where government regulation on cryptocurrency is flexible according to the law, the CBN which is the apex central bank warns against the risk involved in it and advise Nigeria to be careful, but Nigeria is one of the highest in terms of cryptocurrency adoption according to statistics. With the decentralized nature of Bitcoin that have Thousands of Nigeria Citizens who have knowledge of blockchain and digital currencies and have adopted it, In December 2022 I launched a campaign among crypto friends to adopt Bitcoin as a mode of payment in our venture and outlets, on 31st of January I open a Coffee shop and the Capital City Abuja for Bitcoin and none Bitcoin customers. This is aimed at promoting Bitcoin adoption and, as a newbie member here, I wish to see your advice and suggestions.

Thank Odusko

maybe for now there are no customers who pay with Bitcoin in your shop but keep survive because in the future when more Nigerians understand bitcoin, then you will be the first and surely your coffee shop will be very famous. staying afloat is the key to success in crypto.

Henrobakkara

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Quote from: Tellek Garing on February 18, 2022, 05:52:58 PM

Very interesting to know how you can operate a coffee shop in a country where cryptocurrency is banned and will also want to know the location of this coffee shop too as that will give credibility to this story as other members have also requested may be a government paper or certificate of operation will clear the air on this and will help promote your new coffee business.

I don't think this will be a problem for the OP because as far as I know, all of such king of Businesses operating especially in places like FCT where the OP said will have to apply for a Government permit to operate so probably have one but I think since the issue would be that Crypto trading is restricted in Nigeria so how is the OP collecting payments and how popular is this news cos I know FCT is the seat of the Government and with a News like this, the Authorities will be on your AS$ ASAP for violation of the law.

Fatunad

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Quote from: Tellek Garing on February 18, 2022, 05:52:58 PM

Very interesting to know how you can operate a coffee shop in a country where cryptocurrency is banned and will also want to know the location of this coffee shop too as that will give credibility to this story as other members have also requested may be a government paper or certificate of operation will clear the air on this and will help promote your new coffee business.

Quite odd that a business do able to operate despite on a country or place on which crypto is banned or prohibited.If thats the case then i wouldnt be surprised if this business
would close out anytime soon, once there would be someone who will know that you are dealing with crypto but if not then thats a sure add up or option for those who do
make use of their crypto and applying it on some utility like on this one.Is it true that to add up some credibility of this info that this shop do exist then
saying up some location and actual pictures would be appreciated.

Tellek Garing

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Very interesting to know how you can operate a coffee shop in a country where cryptocurrency is banned and will also want to know the location of this coffee shop too as that will give credibility to this story as other members have also requested may be a government paper or certificate of operation will clear the air on this and will help promote your new coffee business.

lixer

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Quote from: Odusko on February 01, 2022, 02:29:20 AM

In a third-world African country, Nigeria operated by Female CEO. Hello, friends am from Nigeria a country where government regulation on cryptocurrency is flexible according to the law, the CBN which is the apex central bank warns against the risk involved in it and advise Nigeria to be careful, but Nigeria is one of the highest in terms of cryptocurrency adoption according to statistics. With the decentralized nature of Bitcoin that have Thousands of Nigeria Citizens who have knowledge of blockchain and digital currencies and have adopted it, In December 2022 I launched a campaign among crypto friends to adopt Bitcoin as a mode of payment in our venture and outlets, on 31st of January I open a Coffee shop and the Capital City Abuja for Bitcoin and none Bitcoin customers. This is aimed at promoting Bitcoin adoption and, as a newbie member here, I wish to see your advice and suggestions.

I thought that the government in Nigeria has banned every operations that has to do with cryptocurrency? Because I saw the news, I think that was around last year or two years ago when they were even threatening to close down the accounts of people who were caught making use of cryptocurrency.

So, the only option that is available there now would be peer to peer method of trading and transactions, and I have heard that exchanges like Paxful and Local Bitcoin has been the trend since others that were centralized were banned from operating in the country.

ancafe

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that's very good. a very good start by opening a business by accepting bitcoin as payment. it will attract entrepreneurs, or other visitors to use bitcoin, and may feel that bitcoin can be a very effective alternative.
however, in every business it may not work, especially if they also feel that bitcoin is very important to them, so they tend to hold onto their assets rather than exchange them. however, sooner or later, they will surely exchange the coins they have for coffee, sooner or later.

riskarcher

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Glad to hear it, the more bitcoins are used as payments at the coffee shop the better utility bitcoin has as a way of introducing bitcoin to the world. I appreciate what Nigeria has be done, although there are still pros and cons, but that is the process of how crypto's existence survives

AakZaki

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Quote from: Oasisman on February 07, 2022, 06:23:26 AM

I guess that's a good move If your goal is to spread Bitcoin adoption. This is one of the few effective ways to let the people be aware of the evolution in the financial field.
I know accepting Bitcoin may not draw many people to dispose fractions of their Btc for a cup of coffee, though there will be a handful I think who loves to experience paying with Btc for something, but this will be a huge step towards mass adoption.
Now, let's get down to how are you going to handle the terms of payment? Do you need full confirmation in blockchain or you release the product as long as the payment is pending in the blockchain?

Mass adoption is becoming more and more common. This shows that bitcoin is a useful digital asset and an optional payment tool. People who are interested in making payments with bitcoin or other altcoins will certainly try this option even if it's just paying for coffee using bitcoin.
Regarding how to handle payment terms, of course, full blockchain confirmation is the main requirement, because the transaction must actually be successful. Many third party platforms provide bitcoin or crypto payment methods for your shop or business, and it will be easier.

uneng

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To adopt bitcoin as payment method for your business only isn't enough right now, because the adoption by potential customers is too low yet.

You also need to launch campaigns promoting bitcoin in your area together with your coffee shop or offer some interesting promotions and discounts for those who pay with bitcoin. This way people will feel incentivized to use btc as currency, so you will have the customers you are looking for.

marilynmanson21

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socializing what crypto is to the public is the main thing, and we need knowledge that is quite relevant and easy to understand if visitors ask, and you need a payment platform to make it easier for you to transact crypto,
Lastly I want to ask if you are ready to have your bank account searched by the government

SirLancelot

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The Bitcoin transaction in Nigeria has not been implemented, Central Bank Of Nigeria still kick against bitcoin operation in Nigeria in times of founding and withdrawal into various local bank. If not the second option Binance Exchange brought towards operation peer to peer (P2P) payment. Nevertheless, opening a Coffee shop using bitcoin and other alt-coins as a means of payment is a very good one to let people know about bitcoin as a digital asset in the country where you can used and pay anything in the world.

Have been reading the comments and everyone kept saying that the government in Nigeria is not in support of cryptocurrency, hope that she wouldn’t run into any problem while running a coffee shop that allows payment with the use of cryptocurrency?

Unless maybe their government would not have any problem with someone who is running peer to peer transactions? If that’s the case then she’s not going to have any problem with them at all. But in the case that they are totally against its use in the country and doesn’t want to see it being used in any way at all, then she would have to be very careful. But I believe that it is not a big issue, since she’s living there and she knows what’s best.

stompix

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Quote from: qwertyup23 on February 04, 2022, 01:33:57 PM

I find it amusing to see that third-world countries are starting to adapt and integrate BTC in their mode of transactions on payments. I just do not understand on why some first world countries are missing out in this opportunity, given that cryptocurrencies are starting to take over predominantly on the market.

Who is missing what?
https://coinmap.org/view/#/world/33.50475907/58.71093750/3

Anyhow, for pages on this topic and yet we still don't have
- a clue where the coffee is located
- some pics of the coffee shop
yet the owner says is doing everything to promote it, lol.

In contrast, looking at another topic about coffee and crypto the first things posted where the location and picture of the menu.

Makes you really wonder, is this so-called coffee shop even real?

Topic: Pay for coffee with Bitcoin - page 5. (Read 1554 times)