Quote from: Upgrade00
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"In a developing African country, Nigeria"
Thanks to this correction, developing countries is a more appropriate phrase rather than the third world. 
Topic: Pay for coffee with Bitcoin - page 9. (Read 1554 times)
What I mean by the world flexibility is that the federal government of Nigeria has not decided on cryptocurrency yet, this makes citizens not convict to the use of p2p, only the central financial institutions are instructed not to offer cryptocurrency-related transactions, and facilitation of crypto transactions through the banking system.
Is it December 2021 when you've launched the campaign with your friends and just yesterday you've announced the opening of your coffee shop?
Odusko if it was launched yesterday and you haven't seen some bitcoin paying customers. That's okay, it will take time until your coffee shop will be flooded over by them. You're doing a great job and initiative with that campaign and as well as opening your business. You just have to keep on doing what you've started and learned more about your local exchanges there because it's easier for you and your customers if you can transact off-chain to have zero fees.
Odusko if it was launched yesterday and you haven't seen some bitcoin paying customers. That's okay, it will take time until your coffee shop will be flooded over by them. You're doing a great job and initiative with that campaign and as well as opening your business. You just have to keep on doing what you've started and learned more about your local exchanges there because it's easier for you and your customers if you can transact off-chain to have zero fees.
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.
There are a couple of things here,31st January was yesterday so you can't really expect a lot of customers in first day of your business and we all know bitcoin adoption (even in a place with most adoption) is still pretty small so the chances of a bitcoiner coming to a brand new shop in its first day is tiny.
Keep in mind that generally speaking bitcoiners (specially when price has dropped recently) are reluctant to spend their bitcoin. They are more willing when price is rising up or has gone up a lot. We've had a big drop recently.
Also you may have overestimated the adoption level in your country. I don't have any data on Nigeria and in my experience sometimes statistics are not reliable at all.
Finally it may be the business itself, coffee may not attract that many bitcoiners. For example I've seen a couple of shops selling computer hardware a couple of years ago that accepted bitcoin in my city and they were happy with the number of payments they had gotten until then.
But again, don't lose hope. It is the start, maybe start some promotional campaigns and advertise your business.
I applaud your efforts and will to grind as a business owner. I would suggest broadening you scope with more crypto than just BTC. It's because, for some years now, BTC has been considered as a store of value, as you would think of gold, a long-term investment, and usually, people don't want to touch their investments. Look at it as if you sold a tiny percentage of your real state investment for coffee. Now, other crypto coins do not have that stigma, and people trade and pay with them more freely, so maybe that some thing to take into account. I wish you luck.
Maybe you can do find any of the cryptocurrency related service provider or a wallet. Request them for a collaboration, because you're focusing on spreading the word about bitcoin and make it a daily usable currency. As you've got bitcoin as well as non-bitcoiners as customers. Maybe a non bitcoiner too will prefer using bitcoin when provided with some sign-up bonus from a wallet service provider or a cryptocurrency service provider with whom you've made a collaboration. This could mutually add a customer to you as well as the cryptocurrency service provider.
You want to see our advise and suggestions about what?
How to promote Bitcoin or how to grow your coffee shop business?Or maybe both.
My only marketing advise would be to find local online groups of Bitcoiners in your city and invite them to your coffee shop.If there aren't any online local Bitcoiner groups in your city,then why don't you just create one (on Facebook or some other social media)and invite Nigerian Bitcoiners to join the group.
I can't dive you any advise about how to deal with the crypto laws and regulations in your country.
I guess that the anti-crypto regulations in many African countries are the main reason why there are so many Africans on p2p Bitcoin platforms like Paxful.
How to promote Bitcoin or how to grow your coffee shop business?Or maybe both.
My only marketing advise would be to find local online groups of Bitcoiners in your city and invite them to your coffee shop.If there aren't any online local Bitcoiner groups in your city,then why don't you just create one (on Facebook or some other social media)and invite Nigerian Bitcoiners to join the group.
I can't dive you any advise about how to deal with the crypto laws and regulations in your country.
I guess that the anti-crypto regulations in many African countries are the main reason why there are so many Africans on p2p Bitcoin platforms like Paxful.
Hello, friends am from Nigeria a country where government regulation on cryptocurrency is flexible according to the law,
Regulations of cryptocurrency in Nigeria are not flexible, the government has banned all financial institutions from getting involved with Bitcoin or other cryptocurrencies, meaning the only way to buy or sell Bitcoin as a Nigerian is through peer to peer transactions.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.
How do you plan to facilitate cryptocurrency related transactions for your business?In a third-world African country, Nigeria
"In a developing African country, Nigeria" 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
Nice move but don't you think the Government can come after your Bank Account if they know you are collecting Bitcoin as payment because we know that the Government has instructed all financial institutions to block any Bank account with cryptocurrency transactions, and as @Poker Player asked, what is your mode of payment?
Hi!. That's interesting. How are you accepting payments? LN? Or maybe through blockchain and don't wait for confirmation? Both?
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 2021 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
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