Pay for coffee with Bitcoin - page 7.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: oemar bakrie on February 03, 2022, 01:36:05 PM

very good future discourse I see friends in Africa especially Nigeria trying to change and have become an example for other countries, even better not just one item, because our goal is for young people so that crypto can be more developed.
and hopefully understanding about crypto is not only in this forum we can get access to social media and share experiences with each other..!!

^ Definitely right but I think there are more effective approaches to invite people to your coffee shop. Paying for coffee with bitcoin is a nice idea, but it appears that most of us are unfamiliar with bitcoin and will need to learn about it before using it as a payment method because it is new to them. We must continue to educate them first in order for them to adopt bitcoin as a new payment option. I commend your efforts but don't give up hope. There are still other options to consider, just keep going and pursuing what you have started and if you would mind, keep updating us here what your unwanted experience.

Rengga Jati

hero member

Activity: 1932

Merit: 622

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,

I can see the news about this unregulated cryptocurrency in Nigeria. This is not exactly illegal, but it is unregulated. As I have read in this quote:

Quote

While banks and other financial institutions are banned in Nigeria from trading in cryptocurrencies, cryptocurrency is not illegal, but it is unregulated.

However, I am also a little bit confused about the regulation. Are you okay if using Bitcoin as one of the payment methods?
I know that it is unregulated. However, how is it about this?

Quote

The Central Bank of Nigeria (CBN) has recently sent a letter to banks and other financial institutions in February 2021, stating that trading in cryptocurrencies and enabling payment for cryptocurrency exchanges are banned.

Is there any new information?
I took it from this source.

bhooscream

full member

Activity: 728

Merit: 117

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

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.

Is it December 2022 or December 2021?
Is it legal to use Bitcoin as a payment tool in your country?
You must be careful about the regulation in your country. Firstly, make sure that it is legal, since you will have a problem if it is illegal. I really support your idea to promote Bitcoin usage in real life, but you need to do it in the right ways. We don't want it even makes Bitcoin have a bad reputation and you get some problems by accepting Bitcoin payment.

Odusko

hero member

Activity: 882

Merit: 507

Leading Crypto Sports Betting & Casino Platform

Nigeria population have adopted Bitcoin but the central bank is confuse about its stance on cryptocurrency despite the creation of the digital naira which the CBN governor said is not run on the blockchain, but with the low key promotion within the group of friends being able to reach a wider audience and since the coffee shop is not only Bitcoin base but also naira base too it makes it easy to promote in local media.

oemar bakrie

full member

Activity: 1260

Merit: 100

SOL.BIOKRIPT.COM

very good future discourse I see friends in Africa especially Nigeria trying to change and have become an example for other countries, even better not just one item, because our goal is for young people so that crypto can be more developed.
and hopefully understanding about crypto is not only in this forum we can get access to social media and share experiences with each other..!!

ghaiwichdhuor

newbie

Activity: 1

Merit: 0

This is pretty good idea, in my country am looking forward to established a Bitcoin cash taxi in South Sudan. A country struggling with economic hardship.
This will be an opportunity for the youth to know more about Bitcoin. Hold on, am in a mission to spread the use of Bitcoin cash in South Sudan and empower my fellow young youth. South Sudan pay with bitcoin coming soon.

Leviathan.007

hero member

Activity: 1582

Merit: 722

Leading Crypto Sports Betting & Casino Platform

That's a great idea and I've seen many other African markets accepting bitcoin and cryptocurrencies because as far as I know bitcoin is accepted by the African governments more than other countries and there are more communities and interests by the African governments compared to other governments but still I have some questions for example how they exactly pat for the coffee, I mean bitcoin network do not have a stable transaction fee and transaction time so they have to pay the bitcoins and then wait for some minute to they need to pay extra fee for fast transactions which make no sense because when you want to pay only 2 bucks for a coffee you will need to pay 3 dollars for transition fee.

Tellek Garing

full member

Activity: 854

Merit: 130

Quote from: oudomopo on February 02, 2022, 10:58:05 PM

If you use 1 bitcoin on coffee, you can get up to a supply of coffee the size of a small apartment. You can buy things with fractions of bitcoins but it is difficult to pay those things online when you have bitcoin.

What point are you trying to make, if there is a Bitcoin lightning network wallet that can interact with a payment system then even the smallest bits will make a big difference because transactions will be done with a low fee and fast transaction confirmation time.

S4VV4S

hero member

Activity: 1582

Merit: 502

while in my country I can't carry out these transactions because bitcoin has not been widely adopted so that it can be realized until now but if the adoption process has been carried out by various countries then it is not impossible that we can do bitcoin as a legal transaction tool in the process any purchase, with the production process carried out by several countries can at least increase the popularity of bitcoin among the public

oudomopo

jr. member

Activity: 30

Merit: 1

If you use 1 bitcoin on coffee, you can get up to a supply of coffee the size of a small apartment. You can buy things with fractions of bitcoins but it is difficult to pay those things online when you have bitcoin.

fuguebtc

hero member

Activity: 1820

Merit: 526

Leading Crypto Sports Betting & Casino Platform

It is very nice and enjoyable. What could be more exciting news for Bitcoiners is that they can pay with bitcoin at all the shops if they want.
I welcome your initiative, I hope you will also promote your Bitcoin adoption in the media world so that it can go viral in all countries. Maybe seeing your initiative will create new entrepreneurs from neighboring countries who will play a role in bitcoin adoption.

famososMuertos

legendary

Activity: 1792

Merit: 2848

LE ☮︎ Halving es la purga

We live in a special moment with bitcoin, you have to take advantage of its simple idea P2P, come on! is not complex, so use any of the available technologies in case you want to be more attractive to different clients.

Depending on how formal your business is, the types of clients and of course the amount of the invoice to certain clients, they can be given the invoice in advance to manage their payment or have things like LN, "~~Binance~~" or simply a line payment credit to frequent customers in satoshi, capped at $20-$50. A client management program can work well here, implement a CRM or a simple spreadsheet.

But in any case, please! more enthusiastic like you are needed, thanks for this initiative, it is exciting to know that there are people anywhere in the world wanting to promote bitcoin.

sarmrakib

full member

Activity: 1292

Merit: 101

Vave.com

Quote from: asus09 on February 01, 2022, 07:36:42 AM

paying for coffee with bitcoin, whether you pay with blockchain or with LN, it sounds interesting, but we need to know that there are too many risks that we have to face, because the first problem may be because it involves the government, because the government can track all your transactions, I personally don't will do all that, I prefer to pay using fiat, because I prefer bitcoin as an investment, and will not use bitcoin to buy small things, but different depths of fish, different people have different ways of thinking.

Its true that btc is a asset and we can use it as a investment .However he was talking about that he is just starting to promote btc and crypto through his coffee shop to show the adaption on it .Its really appreciating that he is just trying to spread the knowledge of btc and crypto largely by opening a coffee shop though its a small business but he is trying ,what we are really doing from our own place ?What can government do just can regulate it but he is nothing doing illegally .I think he is the man example for us that how can we spread the knowledge from our own stand .I am just thanking him and inspire to do more creating works that really make attraction to the people to show the mass adaption .

Gamerholic

sr. member

Activity: 843

Merit: 255

8V Global | 8v.com

I am sure that soon - in the next 5-10 years, the world community will fully realize that there is no alternative to the legalization of bitcoin and other cryptocurrencies, and I think in general they will allow us all to use them along with the rest of the "ordinary" money. Another thing is how the market will look by the time how many people have time to invest and lose capital before the market becomes resistant to all sorts of tweets from Twitter and so on. That's the main question I think. I think we can afford coffee.

skarais

legendary

Activity: 2464

Merit: 2094

One of the major efforts to raise awareness of bitcoin's true function in society is with more adoption as a means of payment. But there are still quite a lot of countries that do not allow bitcoin as a means of payment because bitcoin is not a means of payment according to the laws of the country, including mine. Of course, this is a big obstacle for bitcoin to become a means of payment in various countries because the government cannot accept the decentralization of the currency circulating in the community.

When bitcoin is used for micropayments like buying coffee or just a pack of cigarettes, I just think of using LN better. Yes, that's great but still one can't do it all the time due to the limited adoption available. El Salvador will probably have more options that can be paid out with bitcoin, this will not be the same as other countries.

Mame89

sr. member

Activity: 1582

Merit: 447

I salute the method applied by (OP). Accepting payment for coffee with bitcoin at the coffee shop as a way to introduce bitcoin in their environment, I'm sure it won't be easy, especially if people aren't used to it in that environment. Hopefully this marketing method can make the coffee shop more attractive and easier to identify thanks to the concept.

Odusko

hero member

Activity: 882

Merit: 507

Leading Crypto Sports Betting & Casino Platform

Quote from: lovesmayfamilis on February 02, 2022, 07:40:51 AM

I also want to congratulate you on starting a business. A month doesn't mean anything. Make your product unique so that people are interested in paying with bitcoins. Now, everyone understands that buying small things with bitcoin is not a good idea, and you should accept these. But do not despair. What does it take to run a good business? Advertising. The name of the establishment. Talk about your coffee shop, make any discounts to attract customers. You need uniqueness for people to come to you.

I have put all this into consideration and my promotion is on top gear I have free coffee for every first-time customer that pays with Bitcoin for the first time, and also I use the LN network for faster transactions and low fees. Transaction fees change with the price for a coffee so the customer is not paying the fees.

Obito

sr. member

Activity: 1274

Merit: 293

Quote from: lovesmayfamilis on February 02, 2022, 07:40:51 AM

I also want to congratulate you on starting a business. A month doesn't mean anything. Make your product unique so that people are interested in paying with bitcoins. Now, everyone understands that buying small things with bitcoin is not a good idea, and you should accept these. But do not despair. What does it take to run a good business? Advertising. The name of the establishment. Talk about your coffee shop, make any discounts to attract customers. You need uniqueness for people to come to you.

That's going to be a challenge, a coffee that's different than any other coffee in the market, pretty sure that they're going to need to up their quality and taste if they want to compete in that market. Not to mention that they also have to consider improving their quality because it's going to have a bigger impact than just being able to accept bitcoin for payments.

mia_houston

hero member

Activity: 1204

Merit: 539

Quote from: lovesmayfamilis on February 02, 2022, 07:40:51 AM

I also want to congratulate you on starting a business. A month doesn't mean anything. Make your product unique so that people are interested in paying with bitcoins. Now, everyone understands that buying small things with bitcoin is not a good idea, and you should accept these. But do not despair. What does it take to run a good business? Advertising. The name of the establishment. Talk about your coffee shop, make any discounts to attract customers. You need uniqueness for people to come to you.

In business, of course, uniqueness can be an attraction and differentiator for consumers in buying a product, I think a coffee shop is a business that has been quite popular for a long time, but the OP dares to take the risk by making it a different business from other coffee shops that accept fiat money, of course there will be a few obstacles later for the OP in developing a business with a payment method that may not be common to ordinary people, but gradually I think the OP will be able to overcome it and make OP coffee shop develop in that country, and Maybe the OP can follow what coffee shop owners in thailand are doing, namely apart from accepting payments in Bitcoin, the OP can also educate their visitors by analyzing bitcoin market movements and I think that will be a plus for the coffee shop later.
https://www.google.com/amp/s/www.tronweekly.com/thailand-cafe-serves-crypto-advice-with-coffee/amp/

dataispower

sr. member

Activity: 1330

Merit: 289

Quote from: randegibran on February 01, 2022, 11:50:57 AM

right, in my country, I have not been able to process transactions using bitcoin because this was inseparable from before the adoption of bitcoin, so for now it is not possible to process transactions, but if the bitcoin production process has been carried out thoroughly in various countries then it is not impossible for bitcoin can be done as a legal medium of exchange in the transaction process

Bitcoin is every where for all the countries except the local interior. People is making payments of bills now with bitcoin even some of the countries that does not accept Bitcoin as legal tender and always kicked against bitcoin, some payment of bitcoin is still going on in directly with out the awareness of government, see the thing we should talking is that it is hard before you see some one processed payment transaction with bitcoin legally but illegally before are doing that because bitcoin has reached to the level ground that people of all the countries is aware

Topic: Pay for coffee with Bitcoin - page 7. (Read 1554 times)