Reason why businesses should accept Bitcoin payment

Chato1977

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Quote from: Hamphser on December 06, 2021, 06:45:27 PM

Quote from: Lmaooo on December 06, 2021, 06:24:57 PM

Quote from: Dump3er on December 03, 2021, 01:53:44 PM

Quote from: Fredomago on December 03, 2021, 10:44:39 AM

Quote from: Momoamzad on December 02, 2021, 06:04:00 PM

Quote from: Alisha-k on October 08, 2021, 03:15:39 PM

I totally agree with this, accepting Bitcoin in buisnesses today should be one of the biggest things that'll happen in the economy, it saves you so much stress and unnecessary charges that would have been made using FIAT.

But this is also true it can give u stress in bearish moments. Both impact have to carryout in business. But at the same time it is also a great method because of its security and easy process .and also save time . I think everything is positive in adopting btc/crypto currency in business except maintenance of bearish time .

The possibilities of getting stress even you set your system to keep synchronizing with the current market, we don't know how the market will move in the following days, if you are a small time business owner this kind of volatility will affect you in terms of short-term impacts. But by doing your good research and capabilities in taking that risk, the chance of making good money is also possible.

It's just a matter of how good you are in dealing with your research. The more you engage your business to adopt, the more that you will enjoy the benefits.

But we also had flash crashes in the past that were so intense that no level of research in the world could have saved you from that. If you seamlessly convert that crypto into fiat I think it could be a good move to add that option to a customer's choices for payment. If we get to the point where we can pay with crypto in almost any country, it might turn out to be a comfortable option how people choose to carry their money with them and how to use it without having to go through expensive exchange transactions before.

The business should accept bitcoin because it is fast, secure, decentralized, and acceptable worldwide. As a business, when you start accepting bitcoin there is no third-party company such as PayPal or Stripe. It is between you and your customers, where customers can make transactions directly to you without the middle man. Bitcoin provides more privacy and freedom to both businesses and their customers.

But thing about;

1. Regulation
2. Volatility

Business owner doesnt really like to have decreased profits on the profits that they had made and they would be seeing
this volatility to be a big problem and they dont like that thats why most of them doesnt really recognized nor tend to do so.
Some are still in observation mode or still in neutral.

you forgot to mentioned security mate in which one of the concern of business owner is the safeties of their coins from hacking and scam in which the most problem from the past and the reason why many denies this to use as of the concern of losing their funds just like that.

but indeed that volatility and regulation is the main reason why they are still hesitating to adopt bitcoin int heir businesses .

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Quote from: AakZaki on December 04, 2021, 03:53:38 PM

Unfortunately, many countries do not want to open up to see bitcoin technology. Instead, they consider bitcoin to be a threat to their country's money. Even China after shutting down all crypto activities they are making their own digital money. Because of their digital money they can control and supervise.

But it is indeed a number of companies that have opened themselves to accept crypto as payment. I think it happens because owners or business owners believe in the future of crypto. In addition, the cooperation certainly provides benefits for both.

The fact that some countries are against crypto/Blockchain tech as a whole, makes many businesses wary of accepting the "new kind of money" as payment method. They're afraid of getting penalized by the government by doing this. Not only that but volatility is one of the many reasons why businesses are skeptical about Bitcoin and other cryptocurrencies on the market.

The pioneer cryptocurrency (BTC) has enjoyed mainstream support from certain businesses, but Fiat is still "king" when it comes to making payments on a daily basis. Most businesses are with Fiat, despite the numerous benefits crypto/Blockchain tech provides. This won't change anytime soon, because of the reasons mentioned before. I wouldn't worry about this as long as Bitcoin remains as an alternative payment system for those who need it the most. Just my thoughts Grin

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Quote from: Lmaooo on December 06, 2021, 06:24:57 PM

Quote from: Dump3er on December 03, 2021, 01:53:44 PM

Quote from: Fredomago on December 03, 2021, 10:44:39 AM

Quote from: Momoamzad on December 02, 2021, 06:04:00 PM

Quote from: Alisha-k on October 08, 2021, 03:15:39 PM

I totally agree with this, accepting Bitcoin in buisnesses today should be one of the biggest things that'll happen in the economy, it saves you so much stress and unnecessary charges that would have been made using FIAT.

But this is also true it can give u stress in bearish moments. Both impact have to carryout in business. But at the same time it is also a great method because of its security and easy process .and also save time . I think everything is positive in adopting btc/crypto currency in business except maintenance of bearish time .

The possibilities of getting stress even you set your system to keep synchronizing with the current market, we don't know how the market will move in the following days, if you are a small time business owner this kind of volatility will affect you in terms of short-term impacts. But by doing your good research and capabilities in taking that risk, the chance of making good money is also possible.

It's just a matter of how good you are in dealing with your research. The more you engage your business to adopt, the more that you will enjoy the benefits.

But we also had flash crashes in the past that were so intense that no level of research in the world could have saved you from that. If you seamlessly convert that crypto into fiat I think it could be a good move to add that option to a customer's choices for payment. If we get to the point where we can pay with crypto in almost any country, it might turn out to be a comfortable option how people choose to carry their money with them and how to use it without having to go through expensive exchange transactions before.

The business should accept bitcoin because it is fast, secure, decentralized, and acceptable worldwide. As a business, when you start accepting bitcoin there is no third-party company such as PayPal or Stripe. It is between you and your customers, where customers can make transactions directly to you without the middle man. Bitcoin provides more privacy and freedom to both businesses and their customers.

But thing about;

1. Regulation
2. Volatility

Business owner doesnt really like to have decreased profits on the profits that they had made and they would be seeing
this volatility to be a big problem and they dont like that thats why most of them doesnt really recognized nor tend to do so.
Some are still in observation mode or still in neutral.

Lmaooo

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Quote from: Dump3er on December 03, 2021, 01:53:44 PM

Quote from: Fredomago on December 03, 2021, 10:44:39 AM

Quote from: Momoamzad on December 02, 2021, 06:04:00 PM

Quote from: Alisha-k on October 08, 2021, 03:15:39 PM

I totally agree with this, accepting Bitcoin in buisnesses today should be one of the biggest things that'll happen in the economy, it saves you so much stress and unnecessary charges that would have been made using FIAT.

But this is also true it can give u stress in bearish moments. Both impact have to carryout in business. But at the same time it is also a great method because of its security and easy process .and also save time . I think everything is positive in adopting btc/crypto currency in business except maintenance of bearish time .

The possibilities of getting stress even you set your system to keep synchronizing with the current market, we don't know how the market will move in the following days, if you are a small time business owner this kind of volatility will affect you in terms of short-term impacts. But by doing your good research and capabilities in taking that risk, the chance of making good money is also possible.

It's just a matter of how good you are in dealing with your research. The more you engage your business to adopt, the more that you will enjoy the benefits.

But we also had flash crashes in the past that were so intense that no level of research in the world could have saved you from that. If you seamlessly convert that crypto into fiat I think it could be a good move to add that option to a customer's choices for payment. If we get to the point where we can pay with crypto in almost any country, it might turn out to be a comfortable option how people choose to carry their money with them and how to use it without having to go through expensive exchange transactions before.

The business should accept bitcoin because it is fast, secure, decentralized, and acceptable worldwide. As a business, when you start accepting bitcoin there is no third-party company such as PayPal or Stripe. It is between you and your customers, where customers can make transactions directly to you without the middle man. Bitcoin provides more privacy and freedom to both businesses and their customers.

RavenTimmy

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I think businesses should accept a bitcoin payment without any worries. Bitcoin is safer than a fiat currency in terms of getting counterfeited due to the use of blockchain technology. Bitcoin is more legitimate in terms of transparency than the regular currency. Besides, it provides the ultimate privacy by removing the interference of central authorities and useless intermediaries.

muratsink

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maybe at this time it is very difficult to realize this, especially since the adoption of bitcoin has not been carried out widely by several countries in the world, but if bitcoin adoption has been carried out by several countries, it is not impossible that the payment of an investment that can use digital currency In this case.if payments using bitcoin occur in the future this will have a very good impact on the survival of bitcoin in a very long period of time and we can almost say it will be better than fiat if this is actually realized

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Quote from: Quidat on December 04, 2021, 03:59:31 PM

Quote from: AakZaki on December 04, 2021, 03:53:38 PM

Quote from: Wipeout2097 on December 02, 2021, 09:59:31 AM

This is often reason crypto legal adoption is fundamental for each nation to create less demanding life to the common poeple,It will offer assistance to boost income of the trade and unused new businesses will diminish the unemployment of the nation and it is postive marker of the economy.May be it difficult on introductory premise but individuals will receive it effectively and continually pay with crypto,It offer assistance to dont hold up for open of bank to pull back cash but pay from crypto wallet any time without any jump. I accept that nowadays there were numerous trade foundations and new companies that was willing to include a few crypto installment strategy on their installment frameworks but still no positive reaction from the government side.

Unfortunately, many countries do not want to open up to see bitcoin technology. Instead, they consider bitcoin to be a threat to their country's money. Even China after shutting down all crypto activities they are making their own digital money. Because of their digital money they can control and supervise.

But it is indeed a number of companies that have opened themselves to accept crypto as payment. I think it happens because owners or business owners believe in the future of crypto. In addition, the cooperation certainly provides benefits for both.

In most cases on which majority of countries does have the same perception or views towards bitcoin on which it is really treaten negatively which it isnt surprising because government doesnt really like its properties which it isnt really surprising.Businesses out there will neither do or do not accepts bitcoin because this would not only talks about regulation but also with volatility.

until when the countries in the world change the wrong perception about bitcoin for many of the same reasons we don't know that ... but when some countries start to open up to using bitcoin and crypto it may be one proof that bitcoin is not what they think.. ..
and with the volatility bitcoin will offer them an advantage not like money which is getting more and more inflationary

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Quote from: AakZaki on December 04, 2021, 03:53:38 PM

Quote from: Wipeout2097 on December 02, 2021, 09:59:31 AM

This is often reason crypto legal adoption is fundamental for each nation to create less demanding life to the common poeple,It will offer assistance to boost income of the trade and unused new businesses will diminish the unemployment of the nation and it is postive marker of the economy.May be it difficult on introductory premise but individuals will receive it effectively and continually pay with crypto,It offer assistance to dont hold up for open of bank to pull back cash but pay from crypto wallet any time without any jump. I accept that nowadays there were numerous trade foundations and new companies that was willing to include a few crypto installment strategy on their installment frameworks but still no positive reaction from the government side.

Unfortunately, many countries do not want to open up to see bitcoin technology. Instead, they consider bitcoin to be a threat to their country's money. Even China after shutting down all crypto activities they are making their own digital money. Because of their digital money they can control and supervise.

But it is indeed a number of companies that have opened themselves to accept crypto as payment. I think it happens because owners or business owners believe in the future of crypto. In addition, the cooperation certainly provides benefits for both.

In most cases on which majority of countries does have the same perception or views towards bitcoin on which it is really treaten negatively which it isnt surprising because government doesnt really like its properties which it isnt really surprising.Businesses out there will neither do or do not accepts bitcoin because this would not only talks about regulation but also with volatility.

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Quote from: Wipeout2097 on December 02, 2021, 09:59:31 AM

This is often reason crypto legal adoption is fundamental for each nation to create less demanding life to the common poeple,It will offer assistance to boost income of the trade and unused new businesses will diminish the unemployment of the nation and it is postive marker of the economy.May be it difficult on introductory premise but individuals will receive it effectively and continually pay with crypto,It offer assistance to dont hold up for open of bank to pull back cash but pay from crypto wallet any time without any jump. I accept that nowadays there were numerous trade foundations and new companies that was willing to include a few crypto installment strategy on their installment frameworks but still no positive reaction from the government side.

Unfortunately, many countries do not want to open up to see bitcoin technology. Instead, they consider bitcoin to be a threat to their country's money. Even China after shutting down all crypto activities they are making their own digital money. Because of their digital money they can control and supervise.

But it is indeed a number of companies that have opened themselves to accept crypto as payment. I think it happens because owners or business owners believe in the future of crypto. In addition, the cooperation certainly provides benefits for both.

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Quote from: Ebede on December 04, 2021, 12:41:46 PM

Quote from: im posible on December 01, 2021, 09:17:35 PM

Considering how easy and efficient it is to use bitcoin, this is a good idea. The use of bitcoin as a means of payment for companies can cut the flow of the bureaucratic system that sometimes takes a lot of time, complicated processes and costs that are a lot different from the use of bitcoin which is more concise and transparent.

Is only companies that can mainly accept cryptocurrency for exchange of payment for countries that is not well known, bitcoin now becoming know to people and almost every one like bitcoin not all will accept payment with bitcoin because some is still afraid of bitcoin to date

This is why many companies are diverting their attention to Bitcoin payment software development that will help their company payment system, while some other small companies are afraid of accepting Bitcoin payment because of its volatile nature.

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Quote from: im posible on December 01, 2021, 09:17:35 PM

Considering how easy and efficient it is to use bitcoin, this is a good idea. The use of bitcoin as a means of payment for companies can cut the flow of the bureaucratic system that sometimes takes a lot of time, complicated processes and costs that are a lot different from the use of bitcoin which is more concise and transparent.

Is only companies that can mainly accept cryptocurrency for exchange of payment for countries that is not well known, bitcoin now becoming know to people and almost every one like bitcoin not all will accept payment with bitcoin because some is still afraid of bitcoin till date

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Quote from: RILWAN on October 08, 2021, 02:26:53 PM

Haven't spent some hours thinking about the advantage that is associated with Bitcoin in company ecosystems, new start-ups that are located in crypto-friendly countries are now diving into Bitcoin as payment against the regular faint traditional currencies, after administering questionnaires to some of the business CEOs stated the reason to be the anonymous nature and its intrinsic value. That is to say, Bitcoin is a business within a business because of its decentralized nature and volatile market.
So the company gain in two ways for accepting bitcoin for payments and if the price of bitcoin goes upward interest are generated also.

...And if the price goes down? We all understand that Businesses or organizations need money to make everything move smoother in that organization and even though sometimes the price of Bitcoin can continue to go up, at the same time we also know the reverse can be the case and this means that these businesses might be losing capital in this case unless the price for their commodity or service will fluctuate in BTC based on market volatility.

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Quote from: Fredomago on December 03, 2021, 10:44:39 AM

Quote from: Momoamzad on December 02, 2021, 06:04:00 PM

Quote from: Alisha-k on October 08, 2021, 03:15:39 PM

I totally agree with this, accepting Bitcoin in buisnesses today should be one of the biggest things that'll happen in the economy, it saves you so much stress and unnecessary charges that would have been made using FIAT.

But this is also true it can give u stress in bearish moments. Both impact have to carryout in business. But at the same time it is also a great method because of its security and easy process .and also save time . I think everything is positive in adopting btc/crypto currency in business except maintenance of bearish time .

The possibilities of getting stress even you set your system to keep synchronizing with the current market, we don't know how the market will move in the following days, if you are a small time business owner this kind of volatility will affect you in terms of short-term impacts. But by doing your good research and capabilities in taking that risk, the chance of making good money is also possible.

It's just a matter of how good you are in dealing with your research. The more you engage your business to adopt, the more that you will enjoy the benefits.

But we also had flash crashes in the past that were so intense that no level of research in the world could have saved you from that. If you seamlessly convert that crypto into fiat I think it could be a good move to add that option to a customer's choices for payment. If we get to the point where we can pay with crypto in almost any country, it might turn out to be a comfortable option how people choose to carry their money with them and how to use it without having to go through expensive exchange transactions before.

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Quote from: Momoamzad on December 02, 2021, 06:04:00 PM

Quote from: Alisha-k on October 08, 2021, 03:15:39 PM

I totally agree with this, accepting Bitcoin in buisnesses today should be one of the biggest things that'll happen in the economy, it saves you so much stress and unnecessary charges that would have been made using FIAT.

But this is also true it can give u stress in bearish moments. Both impact have to carryout in business. But at the same time it is also a great method because of its security and easy process .and also save time . I think everything is positive in adopting btc/crypto currency in business except maintenance of bearish time .

The possibilities of getting stress even you set your system to keep synchronizing with the current market, we don't know how the market will move in the following days, if you are a small time business owner this kind of volatility will affect you in terms of short-term impacts. But by doing your good research and capabilities in taking that risk, the chance of making good money is also possible.

It's just a matter of how good you are in dealing with your research. The more you engage your business to adopt, the more that you will enjoy the benefits.

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Quote from: Nutrient on November 30, 2021, 02:15:40 AM

Also bear in mind that if the company is using a 3rd party due to not having their node, then there’s no decentralization in that. That aside, companies accepting Bitcoin as a payment system will ease the burden of charges and easy tracking of transactions

Before any company will accept Bitcoin as payment on their system, they, first of all, develop the payment gateway software that eradicates the services of middlemen, it will be informed of scan and pay system or POS using cards such as the binance card.

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Quote from: Alisha-k on October 08, 2021, 03:15:39 PM

I totally agree with this, accepting Bitcoin in buisnesses today should be one of the biggest things that'll happen in the economy, it saves you so much stress and unnecessary charges that would have been made using FIAT.

But this is also true it can give u stress in bearish moments. Both impact have to carryout in business. But at the same time it is also a great method because of its security and easy process .and also save time . I think everything is positive in adopting btc/crypto currency in business except maintenance of bearish time .

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This is often reason crypto legal adoption is fundamental for each nation to create less demanding life to the common poeple,It will offer assistance to boost income of the trade and unused new businesses will diminish the unemployment of the nation and it is postive marker of the economy.May be it difficult on introductory premise but individuals will receive it effectively and continually pay with crypto,It offer assistance to dont hold up for open of bank to pull back cash but pay from crypto wallet any time without any jump. I accept that nowadays there were numerous trade foundations and new companies that was willing to include a few crypto installment strategy on their installment frameworks but still no positive reaction from the government side.

mindrust

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Quote from: RILWAN on October 08, 2021, 02:26:53 PM

Haven't spent some hours thinking about the advantage that is associated with Bitcoin in company ecosystems, new start-ups that are located in crypto-friendly countries are now diving into Bitcoin as payment against the regular faint traditional currencies, after administering questionnaires to some of the business CEOs stated the reason to be the anonymous nature and its intrinsic value. That is to say, Bitcoin is a business within a business because of its decentralized nature and volatile market.
So the company gain in two ways for accepting bitcoin for payments and if the price of bitcoin goes upward interest are generated also.

Not all zoomers have credit cards and yet most of them are exposed to crypto. If you want to business with this new generation which don't use credit cards, you have to accept crypto. Businesses shouldn't necessarily think bitcoin/crypto as an investment. They can take crypto and convert it to FIAT, stocks or whatever they want immediately. Accepting crypto is just about collecting more money, having more customers.

muratsink

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with bitcoin not being accepted as a transaction tool or recognition from various countries, it is a bit impossible to make payments using bitcoin in a business or investment, ban if a company has reached an agreement with workers but this can be done if both want to accept bitcoin as a legal tender for both of them but not for the public because it has not received legal recognition from several countries so this needs to be reviewed for a long period of time

im posible

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Considering how easy and efficient it is to use bitcoin, this is a good idea. The use of bitcoin as a means of payment for companies can cut the flow of the bureaucratic system that sometimes takes a lot of time, complicated processes and costs that are a lot different from the use of bitcoin which is more concise and transparent.

Topic: Reason why businesses should accept Bitcoin payment (Read 1246 times)