Business needs to cope with the advancing technology as well as meet the needs of the consumers. Adding bitcoin payment to any business isn't gonna cost big. Whether the existing customers prefer using it or not adding it could bring more business with time. Everytime a new service gets added in exchange for bitcoin, the usage increase a little. This could make an impact when we see the combined growth.
With businesses a volatile asset as payment will increase the risk. This could result in unexpected loss as well as massive profit making. It is all about the market handling, when we're ready to get adopted to the market automatically we'll enjoy it. Or else through a third party service this can be done.
Topic: Reason why businesses should accept Bitcoin payment - page 2. (Read 1246 times)
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.
So the company gain in two ways for accepting bitcoin for payments and if the price of bitcoin goes upward interest are generated also.
It gets your business noticeable to the people if you publicly announced that your business is accepting Bitcoin as payment. Because accepting Bitcoin today is not yet normalized so it makes your business unique as some point.
On the other side, it is advantageous with Bitcoin as it introduces to some people who doesn’t know. When people noticed and people keeps buying, it maintains the Bitcoin price.
Not all would really be that open when it comes to regulation or something that allows businesses to deal with crypto but since this is situational because not all countries have the same regulation.
So its up only to business owners when it comes to these decisions
Business owners have different priorities and right now, most of them I believe, their main aim is just to survive as we are not yet out with pandemic crisis. And another covid variant is threatening the world again. So an alternative option may not be their priority but with people trying to avoid using cash, crypto is one really good option to offer to their clients. However, with high volatility, this is why most owners are worried of.
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.
So the company gain in two ways for accepting bitcoin for payments and if the price of bitcoin goes upward interest are generated also.
It gets your business noticeable to the people if you publicly announced that your business is accepting Bitcoin as payment. Because accepting Bitcoin today is not yet normalized so it makes your business unique as some point.
On the other side, it is advantageous with Bitcoin as it introduces to some people who doesn’t know. When people noticed and people keeps buying, it maintains the Bitcoin price.
Not all would really be that open when it comes to regulation or something that allows businesses to deal with crypto but since this is situational because not all countries have the same regulation.
So its up only to business owners when it comes to these decisions
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.
So the company gain in two ways for accepting bitcoin for payments and if the price of bitcoin goes upward interest are generated also.
It gets your business noticeable to the people if you publicly announced that your business is accepting Bitcoin as payment. Because accepting Bitcoin today is not yet normalized so it makes your business unique as some point.
On the other side, it is advantageous with Bitcoin as it introduces to some people who doesn’t know. When people noticed and people keeps buying, it maintains the Bitcoin price.
Personally I don't see why many business wouldn't accept bitcoin as a payment form. I think by adding bitcoin as a payment form it makes your business a bit more diverse in some ways. I recently helped my dog groomer set up a little stand with a bitcoin QR code to be able to accept bitcoin from her customers. This kind of set up is such a good idea in my mind. Helps you diversify your payments into an investment as well.
Me neither. I think they're quite skeptical about Bitcoin, as it's not backed by a reputable entity (like the government). Most business operators aren't tech-savvy enough to setup a wallet properly and start accepting Bitcoin payments. They'll be doing Bitcoin a favor by accepting it as payment method, since doing so will increase mainstream awareness. People who never heard about Bitcoin will be curious to know what it's all about when they see a business accepting it as payment method. If businesses want to protect themselves from volatility, they can easily use a payment processor like BitPay or CoinPayments which automatically converts BTC to Fiat on the fly. Bitcoin is growing in popularity at a fast pace so it should only be a matter of time before major stores and retailers accept it as payment method. Just my opinion
Now that the world is going into digital system, it will be favourable for business people to start accepting bitcoin as a payment in their various environment. Accepting bitcoin as a payment will make uneducated people in the country to start looking for where to enroll for adults school where they will be impacting about digital currency. Since many government have see the reason why they should make bitcoin legalized in their country, it will be better for everybody to know how to use bitcoin to purchase any kind of goods and services and pay with bitcoin.
Those countries that made bitcoin legalized, it will really help their business men that is accepting bitcoin in the country.
Those countries that made bitcoin legalized, it will really help their business men that is accepting bitcoin in the country.
The business owners will get the most benefits of accepting BTC,when they start using it to purchase goods and services from other businesses.Bitcoin should become a business-to-business currency,also known as B2B.Getting adopted by B2C companies (or business-to-customer) is also great,but the companies will eventually have to convert the BTC into fiat,which kinda makes the whole BTC adoption process pointless.
Lol unless the company is willing to keep the Bitcoin on hold then yeah they will benefits but if they will circulate the coin and then the value in fiat drops hard then how can they afford to sustain their purchasing power that surely now all are using crypto to purchase.this will only applicable in some but not at all and this is the problem of the companies that is why not all are willing to accept bitcoin because the Volatility is what will affect their system.
Also bear in mind that if the company is using a 3rd party due to not having their own node, then there’s no decentralization in that. That aside, companies accepting Bitcoin as payment system will ease the burden of charges and easy tracking of transactions
+1 here mate.
Also bear in mind that if the company is using a 3rd party due to not having their own node, then there’s no decentralization in that. That aside, companies accepting Bitcoin as payment system will ease the burden of charges and easy tracking of transactions
The business owners will get the most benefits of accepting BTC,when they start using it to purchase goods and services from other businesses.Bitcoin should become a business-to-business currency,also known as B2B.Getting adopted by B2C companies (or business-to-customer) is also great,but the companies will eventually have to convert the BTC into fiat,which kinda makes the whole BTC adoption process pointless.
Of course, everyone wants payment in cash in an investment or as a transaction because cash can be said to have been used among the public.
How i wish you understand even at least the Title , and that is Why People is accepting bitcoin in their businesses .Quote
but for miners. payments through digital currency are also appropriate for cash, which we can do transactions in various forms.
Again , hope you understand the thread completely , Miners that will demand cash? from where did you get this idea?Quote
so for me it is not affected whether it is through payment in cash or digitally or payments using digital currency in bitcoin such as transactions in something we want to do
Please refrain from posting in thread that you don't even understand.
Of course, everyone wants payment in cash in an investment or as a transaction because cash can be said to have been used among the public.but for miners. payments through digital currency are also appropriate for cash, which we can do transactions in various forms.so for me it is not affected whether it is through payment in cash or digitally or payments using digital currency in bitcoin such as transactions in something we want to do
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.
Accepting bitcoin in any business would be a pretty good idea, but any businesses that are doing such should be clearly aware that it is also a risk to their business in some way. Because if it’s a business that would require constant funds, then it’s good to always plan carefully and maybe not keep too much of the business in bitcoin if they would still end up needing it anytime soon.The only part of the business money that should be kept as BTC are the funds that the company will not be needing in a long term. That way, if the price of BTC in the market should go down, it wouldn’t affect the market that much and they would be gaining from it when the market goes up after a long term.
^ He didn't say to invest all business money in Bitcoin. He just said Accepting Bitcoin to pay the servant or using bitcoin to make any business-related transactions. The only issue is here Bitcoin's volatility, nothing else. Bitcoin is too much volatile to make huge business-related transactions. It could happen they set a pegged price 1 hour before making the payment. but after the payment, the price could be fallen instantly, it is really a big issue for the servants who need money instantly.
The main goal is to promote Bitcoin to the world so that people on earth make transactions with bitcoin.
Activities like this will encourage and motivate investors to buy Bitcoin, in my opinion this is the door to the crypto world that will be opened wide so that all mankind uses Bitcoin as a legal tender.
All large companies and small companies will get greater profits than they use fiat money as a means of payment, crypto currencies such as Bitcoin will provide huge profits for companies when the price rises.
Activities like this will encourage and motivate investors to buy Bitcoin, in my opinion this is the door to the crypto world that will be opened wide so that all mankind uses Bitcoin as a legal tender.
All large companies and small companies will get greater profits than they use fiat money as a means of payment, crypto currencies such as Bitcoin will provide huge profits for companies when the price rises.
This is the Era of science and technology. There is a trend of modernism and advanceism everywhere. Today, people are ready to accept new ideas and new things. They are eager to participate and want to learn new technology-based things. Crypto is one of the same. Many companies and businesses are accepting payment in bitcoin, Some are making atmosphere to do so. In Future the as the scope and field of Bitcoin will spread more quickly. There will be no problem in receiving and paying payments in bitcoin.
well, actually, to accept bitcoin in any business there is a very simple reason, namely to reach a wider range of users. we know that crypto users, especially bitcoin, are currently scattered and growing all over the world. it is evident from its increasing adoption rate and very high price. by accepting bitcoin as an alternative payment on the internet in a business, it means inviting bitcoin or crypto users to become one of their consumers. well, at this time, business development also needs to adapt to technological developments to reach a wider market. As you know it is modern world and new currency is introduced called crypto currency. Which got too much success in this time and many companies use Crypto Currency as payment asset like tesla, axa insurance and many others. And businessman should accept bitcoin for improve payment method and for future survive.
They are accepting bitcoin as means of contact exchange but like salary payment of workers or participants they are not using it for payment because is not every worker that will agree to receive payment with bitcoin or any online currency depends the country you came from,but people who are civilize of digital currency can agree for it.
in some big companies have implemented it but to implement it in all companies may be difficult even though the country is a country that can accept bitcoin. I mean not everyone can manage and receive bitcoins well and prefer to be paid as usual. but it's a good idea where companies that implement payments with bitcoin means they are ready individually too to be able to accept it. especially now the development of bitcoin is also getting better so I think it will be very profitable if you can handle it well.
I believe business owners accepting bitcoin is just a choice depending on the perspective they see it, but I believe it will be very nice if business owners accept bitcoin as payment method I believe lot's of people are scared of bitcoin because of the volatility but I still believe bitcoin should be accepted world with which will replace fiat currency as payment method.
As far as it is about convenience, I think bitcoins are easier for transactions in comparison to fiat currency. Businesses can definitely keep it as a mode of payment along with other modes to let people decide how they wish to proceed.
I would love to see more companies to accept BTC payment but the reality is, quite few of smaller businesses are too cheap to even accept cards because of small fee they have to pay, I cant imagine how they would chose for BTC where fees are much bigger. For now im fine to exchange my crypto to fiat and pay with Binance or Crypto visa card.
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.
Accepting bitcoin in any business would be a pretty good idea, but any businesses that are doing such should be clearly aware that it is also a risk to their business in some way. Because if it’s a business that would require constant funds, then it’s good to always plan carefully and maybe not keep too much of the business in bitcoin if they would still end up needing it anytime soon.The only part of the business money that should be kept as BTC are the funds that the company will not be needing in a long term. That way, if the price of BTC in the market should go down, it wouldn’t affect the market that much and they would be gaining from it when the market goes up after a long term.
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