Topic: Pay for coffee with Bitcoin - page 8. (Read 1554 times)
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 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
There is a similar Shop i come to read somewhere in forum that in His place (Province actually) is accepting Bitcoin also in coffee shop , this is a clear statement that adoption of bitcoin is really taking place.Thank Odusko
and with all of those the most beneficiary is us who had been investing and circulating crypto specially bitcoin in our life.
How i want to see more of this and looking to Like 711 will accept Bitcoin and other major currency also in their stores worldwide .,
There is always a difference between you pay for a cryptocurrency which is the basis of cost and the market value when you spend it. This difference can trigger income capital gains tax which you have to pay along with other taxes such as sales tax. Bitcoin also needs to become legal in your country if bitcoin's transaction system is good its transaction will be easier like fiat's its transaction has not started yet so it will take time.
In their country it is said that bitcoin regulation is flexible so btc is allowed but there are a strong warning about its risk and I think this can the reason why some people are afraid to use bitcoin on their country.I think if btc is purely approved and supported by the government and wont say any negative thoughts with it, I think people on their country are also going to get motivated to use bitcoin just like on other countries, countries like El Salvador where they make btc as a legal tender and there are even bitcoin cities on them , this made the people confident on using bitcoin. OP could hope the same thing for their country but for now , he can accept other payment methods for his business.
There is always a difference between you pay for a cryptocurrency which is the basis of cost and the market value when you spend it. This difference can trigger income capital gains tax which you have to pay along with other taxes such as sales tax. Bitcoin also needs to become legal in your country if bitcoin's transaction system is good its transaction will be easier like fiat's its transaction has not started yet so it will take time.
I am curious if you are running your coffee stand using LN or just using on chain transactions. I cant imagine it being very convenient especially for a business to take on chain payments in regards to selling things in person. If you are using on-chain transactions, have you had any impatient customers waiting for the block to be validated? Obviously, you don't have these issues if you are running some sort of lightning service.
The ops have not replied to comments for a while now and many other members have asked similar questions but no answer, I will suggest the ops uses the bitcoin lightning network for faster transaction and low fees aside from LN payment with Bitcoin will still be stressful and costly. 
Welcome here to the Bitcointalk community that all talks about crypto especially in bitcoin.
First, you should contact or seek a lawyer about that and know about how the status of bitcoin adoption in your country because I have heard somewhere else that your country Nigeria is very strict on bitcoin policy and when it comes to financial institutions.
Second is you should know how to set up and bitcoin wallet that accepts bitcoin which is support low fees. It must be accepting a lightning network so that it will reduce the fee. It should be a convenient way of processing the fee, QR codes maybe that is good enough.
First, you should contact or seek a lawyer about that and know about how the status of bitcoin adoption in your country because I have heard somewhere else that your country Nigeria is very strict on bitcoin policy and when it comes to financial institutions.
Second is you should know how to set up and bitcoin wallet that accepts bitcoin which is support low fees. It must be accepting a lightning network so that it will reduce the fee. It should be a convenient way of processing the fee, QR codes maybe that is good enough.
Definately use the lightning network. That would make the payments easier and I think you should also remember that you need a bunch of people already committed to buying the coffee in Bitcoins. The payment system might now be adopted right away. At the same time it's better to scan and pay than give them the address since lot of them might make mistakes.
It needs to be very convenient and at the same time some people might need help, you might have to spend a lot with advertising as well for the begining since there aren't many Bitcoin based coffee shops therefore people might be curious also I have seen that Nigerians are quite interested in Bitcoins therefore this might run better than expected as well.
It needs to be very convenient and at the same time some people might need help, you might have to spend a lot with advertising as well for the begining since there aren't many Bitcoin based coffee shops therefore people might be curious also I have seen that Nigerians are quite interested in Bitcoins therefore this might run better than expected as well.
I am curious if you are running your coffee stand using LN or just using on chain transactions. I cant imagine it being very convenient especially for a business to take on chain payments in regards to selling things in person. If you are using on-chain transactions, have you had any impatient customers waiting for the block to be validated? Obviously you don't have these issues if you are running some sort of lightning service.
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
It is good to hear that you accept bitcoin in your coffee shop but you don't expect that you are promoting bitcoin by doing that . Bitcoin already has it reach as decentralised cryptocurrency and will reach all places for adoption with the time going on. I do encourage you to have open intention to accept bitcoin which will be a hodling advantage to you. If the government has ban it you need to be careful because it will be crime if you get trace.
You're welcome, but then Crypto Currency in Nigeria are not being supported not backed by the government.
You should carry out a good research about it, good to see you opened a coffee shop and accepts Bitcoin as a means of payment.
Late January, I was involved in a football competition that paid it's winner's in bitcoin and I was lucky to be one of them, winning the highest goal scorer award with payment made in Bitcoin.
Nigeria is doing good, being one of the top five that are using bitcoin and Crypto Currencies.
You should carry out a good research about it, good to see you opened a coffee shop and accepts Bitcoin as a means of payment.
Late January, I was involved in a football competition that paid it's winner's in bitcoin and I was lucky to be one of them, winning the highest goal scorer award with payment made in Bitcoin.
Nigeria is doing good, being one of the top five that are using bitcoin and Crypto Currencies.
Thanks for sharing your story! That’s very cool of you to share as well of course extremely cool of you to have opened up. I’m curious are there a lot of your fellow countrymen who feel the same way about bitcoin and cryptocurrency? Thanks thanks again for sharing!
I wish to see your advice and suggestions.
don't break the laws just because you want to see bitcoin being adopted in your country, if you're not breaking the laws then i congratulate you, but why didn't you post the caffe name and location?
Nigeria being an anti-Bitcoin country has really shown how bad the option is and that operating a business that publicly accepts Bitcoin may be hard maybe you should update us more on how you intend to promote this coffee business of yours.
I was curious about it too
Maybe idk, create a social media page first instead of posting about it like this? Then just link that page to the post or to an advertisement in the marketplace or something. A lot better as a form of introduction to your supposed to be made coffee shop. Heck, you should've started introducing it locally even before here, that is unless you were offering some online assortments that deliver globally, then you can start introducing it to a global audience, such as here, where the majority (if not all) are Bitcoin enthusiasts which is your target audience.
Nigeria being an anti-Bitcoin country has really shown how bad the option is and that operating a business that publicly accepts Bitcoin may be hard maybe you should update us more on how you intend to promote this coffee business of yours.
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
Thank Odusko
For the first ,it would be nice if you tried to socialize it to the public, about the good and the convenience when they have bitcoin, and you're also have to convey the bad side when later they have bitcoin and will make transactions using bitcoin.
I think they should know that
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.
The first suggestion is actually a must to everyone opening a business and I'm quite intrigued you haven't mentioned it.
How about telling poeple even in your own Nigerian community on this forum what's the name of the coffee shop, where is located, and put some pictures about it so poeple would know where to go. Why you haven't done such a thing is beyond me.
~
But again, don't lose hope. It is the start, maybe start some promotional campaigns and advertise your business.
But again, don't lose hope. It is the start, maybe start some promotional campaigns and advertise your business.
When he tries to keep the business as secret as possible, not once mentioned before in all his posts, not a flyer nothing seems to me like he is trying to run a secret society club or a conspiracy den rather than an actual business.
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
Congratulations on your new business and I hope your business will thrive. Every new business certainly has challenges in running it including what you did, maybe you need to join the crypto community in Nigeria so you can promote your business, from some of the information I read, actually Nigeria is a country that also prohibits crypto transactions but so far the ban has had no effect at all on increasing the crypto community in the nigeria, and even reportedly many crypto communities are doing crypto exchange directly or P2P in the country, so in my opinion, the only way to get your coffee shop visitors with buyers who using bitcoin is the way : you must join the crypto community in the nigeria, so you can socialize with fellow crypto lovers while you promote your coffee shop to them.Thank Odusko
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.
I understand that Nigeria has a good rate of cryptocurrency adoption as more and more unbanked people find it interesting and convenience to be pay and be paid with cryptocurrency but there is a big hindrance to this story and it is, of course, no other than the government itself which is poised to never recognized and regulate cryptocurrency because of unfounded fear that it can open the Pandora's box and they in power can be affected at the end. Well, peer-to-peer can surely be done in this case and I think this quite popular in Nigeria. Will it be possible that there can be an app where people can use to enjoy cryptocurrency just like paying for a cup of coffee somewhere?
Jump to: