When will more retailers accept Bitcoin - page 10.

Andre#

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Quote from: azguard on December 20, 2017, 08:14:06 AM

Quote from: flower1024 on December 19, 2017, 01:37:15 PM

Quote from: yvesp110 on December 19, 2017, 10:03:14 AM

Quote from: kolbalish on December 08, 2017, 05:18:45 AM

There are many country are adoption Bitcoin as a digital currency in their market.And some countries will focus on it and anytime they will be reached a positive decision about legalize Bitcoin.After adopting more countries, Then more retailers will accept Bitcoin.

with many countries starting to accept Bitcoins, they will start enforcing its use if they their benefit in this regard. For example, if a country decides heavily in Bitcoins and invest large amounts in it, then they will force the local market and retailers to transact through Bitcoins. They may offer discounts to retailers by persuading them to use Bitcoins. In this way, Bitcoin can spread like an air.

I think there is no legal news for this bitcoin adoption in any country. and I saw news like in some countries state governament is putting the tax to those who are using bitcoins. When governament will start to earn revenue from this bitcoin transaction that time it will allow retailers to accept bitcoin.

You probably right on this one. Think that this is how they see this problem maybe as a solution but think that many wont like this options as solution.
Think that this will be only some start up model for some future let say this "negotiation" for bitcoin usage globaly.

In my opinion, just the retailer accept to pay the government tax when they use Bitcoin as payment method, I think it is very easy to make this future become the truth.
The government worry their power can be affected by the existention of Bitcoin in payment system, so, they banned it before this situation happens.

azguard

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Quote from: flower1024 on December 19, 2017, 01:37:15 PM

Quote from: yvesp110 on December 19, 2017, 10:03:14 AM

Quote from: kolbalish on December 08, 2017, 05:18:45 AM

There are many country are adoption Bitcoin as a digital currency in their market.And some countries will focus on it and anytime they will be reached a positive decision about legalize Bitcoin.After adopting more countries, Then more retailers will accept Bitcoin.

with many countries starting to accept Bitcoins, they will start enforcing its use if they their benefit in this regard. For example, if a country decides heavily in Bitcoins and invest large amounts in it, then they will force the local market and retailers to transact through Bitcoins. They may offer discounts to retailers by persuading them to use Bitcoins. In this way, Bitcoin can spread like an air.

I think there is no legal news for this bitcoin adoption in any country. and I saw news like in some countries state governament is putting the tax to those who are using bitcoins. When governament will start to earn revenue from this bitcoin transaction that time it will allow retailers to accept bitcoin.

You probably right on this one. Think that this is how they see this problem maybe as a solution but think that many wont like this options as solution.
Think that this will be only some start up model for some future let say this "negotiation" for bitcoin usage globaly.

Choyor

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What happens in my country is the unavailability of services that receive Bitcoin as a means of payment, be it shop, transfortasi, or salary of employees. so Bitcoin users can only redeem their BTCs into cash only. until when all this will last, maybe until later until the developers of business see progress Bitcoin better and common in use in my country.

Charisse1229

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It would really still depend on a particular country if they would do have the same views about bitcoin and we all know that not all countries do have the same views and perspective about bitcoin. And i think we do not need more retailers to accept bitcoin when the number of bitcoin users is still very small. We do not need that becuase we can handled itself. Someday bitcoin become papular in the whole world.

flower1024

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Quote from: yvesp110 on December 19, 2017, 10:03:14 AM

Quote from: kolbalish on December 08, 2017, 05:18:45 AM

There are many country are adoption Bitcoin as a digital currency in their market.And some countries will focus on it and anytime they will be reached a positive decision about legalize Bitcoin.After adopting more countries, Then more retailers will accept Bitcoin.

with many countries starting to accept Bitcoins, they will start enforcing its use if they their benefit in this regard. For example, if a country decides heavily in Bitcoins and invest large amounts in it, then they will force the local market and retailers to transact through Bitcoins. They may offer discounts to retailers by persuading them to use Bitcoins. In this way, Bitcoin can spread like an air.

I think there is no legal news for this bitcoin adoption in any country. and I saw news like in some countries state governament is putting the tax to those who are using bitcoins. When governament will start to earn revenue from this bitcoin transaction that time it will allow retailers to accept bitcoin.

ghost424

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I guess retailers and small businesses will start accepting bitcoin if they are taught on how to use bitcoin and a lot of people in the community must be knowledgeable about bitcoin so they can start using it. If this happens, then lot of business creations will have a capital of bitcoin.

keeee

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Quote from: IdVerification on July 14, 2017, 10:57:35 PM

"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency"

article published July, 5, 2017
https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/

"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients."

It makes sense that a transition to accept bitcoin would be underway for more US-based stores.

More retailes will accept bitcoin as a way of payment in the future if the bitcoin will continue to get popular by its increasing price. They will realize that bitcoin is good to use and they can earn profit to it . Not only that, they will also experience fast transaction of money.

bobitza

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Quote from: cpfreeplz on July 14, 2017, 11:02:07 PM

I wish I could spend my bitcoins locally or even in my country at all (easily). Although it has helped me hang onto them and earn quite a bit over the years.

I think this is unlikely. Is bitcoin stable and persistent so that people can trust bitcoin. At present, the price of bitcoin increases abnormally, causing many people to worry about it. It would be hard for stores to accept bitcoin payments.

sinta23

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Quote from: yvesp110 on December 19, 2017, 10:03:14 AM

Quote from: kolbalish on December 08, 2017, 05:18:45 AM

There are many country are adoption Bitcoin as a digital currency in their market.And some countries will focus on it and anytime they will be reached a positive decision about legalize Bitcoin.After adopting more countries, Then more retailers will accept Bitcoin.

with many countries starting to accept Bitcoins, they will start enforcing its use if they their benefit in this regard. For example, if a country decides heavily in Bitcoins and invest large amounts in it, then they will force the local market and retailers to transact through Bitcoins. They may offer discounts to retailers by persuading them to use Bitcoins. In this way, Bitcoin can spread like an air.

for now not including many who approve the bitcoin was circulated or legalized. because the bitcoin has a legal permit from the state government, so what makes it difficult is a permit that has not been established to date.

conected

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Quote from: dx_twisted on December 17, 2017, 07:59:10 PM

Its just a matter of time when these businesses will accept Bitcoin as a payment method. Generally, the more BTC make the news and became a trend, it will create a positive feedback loop that pushes towards what is aiming for. If this continues, more and more businessmen will take a look at BTC and overlook other payment methods such as PayPal and Credit / Debit cards. Thus, eliminating the use of the two latter method mentioned. After all, this is one of the main concept of Bitcoin, a mode of payment that has a fast transaction, cheap fees and without the risk of chargebacks. I'm just glad that through these years, it finally pays off.

- The government will not accept bitcoin as a payment method, although I find that some countries are beginning to accept bitcoin to pay for electricity and water costs but that is just testing, not applicable to the whole world, many countries have banned the use Bitcoin as a payment method. Bitcoin is still having a great impact on the economy, and the government is still pondering its use, retailers are also very difficult to accept Bitcoin when the government does not allow, and the price of bitcoin is also constantly changing, the time to confirm the transaction is too long, that is very inconvenient, many retailers do not want to use it

cryptosy

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The key drivers for mass adoption of Bitcoin amongst commercial subjects are two - lower volatility of Bitcoin and friendlier legal and compliance standards. We are still far from such an adoption, I would say that Bitcoin nowadays is rather asset to speculate on than currency to pay with

yvesp110

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Quote from: kolbalish on December 08, 2017, 05:18:45 AM

There are many country are adoption Bitcoin as a digital currency in their market.And some countries will focus on it and anytime they will be reached a positive decision about legalize Bitcoin.After adopting more countries, Then more retailers will accept Bitcoin.

with many countries starting to accept Bitcoins, they will start enforcing its use if they their benefit in this regard. For example, if a country decides heavily in Bitcoins and invest large amounts in it, then they will force the local market and retailers to transact through Bitcoins. They may offer discounts to retailers by persuading them to use Bitcoins. In this way, Bitcoin can spread like an air.

equoboy

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Bitcoin usage is on the rise in Asia. There are some online and offline merchants here in my country that accept the cryptocurrency as payment. But its very limited who accept this payment. I hope someday it will improve. For now its helping us to save bitcoin more than spending it.

peopleupsetmeup

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It's a matter of time I think no less than 5 years before crypto accepted worlwide as dollard is.

Kizaki

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There will be and there must be a real time when more retailers will fully adopt and accepts bitcoins as payments in each aspects.We just need to chill and make some past time till we reach that time and by that time i think that the government will fully adopt it too so be patient

dx_twisted

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Its just a matter of time when these businesses will accept Bitcoin as a payment method. Generally, the more BTC make the news and became a trend, it will create a positive feedback loop that pushes towards what is aiming for. If this continues, more and more businessmen will take a look at BTC and overlook other payment methods such as PayPal and Credit / Debit cards. Thus, eliminating the use of the two latter method mentioned. After all, this is one of the main concept of Bitcoin, a mode of payment that has a fast transaction, cheap fees and without the risk of chargebacks. I'm just glad that through these years, it finally pays off.

CODE200

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Quote from: jc89 on July 15, 2017, 03:24:35 AM

I think more retailers will accept bitcoin if its value will be more stabilized. Especially now that the value is deflating every day. So maybe more retailers are still waiting on what will happen after the hard fork. Retailers are businessmen who are not ready to risk when it comes to transacting with bitcoins. They will need more time to be convinced to accept btc. It's good to invest in bitcoin if you are investing for long term but retailers need cash to run their business.

The number one thing peoole uses bitcoin is because of its decentralized system. It means that no management or particular institution that manage bit pin or regulates it. I think having a stable value is just the same or having a particular company that hold Bitcoin and I think it may lessen people support rather than to increased it in the future. I think people needs more changes in terms of bitcoin value for it to give people a more opportunities to earn and to have profit in the future.

mrcash02

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Quote from: wRexz on December 09, 2017, 06:34:04 AM

Perhaps in 2020 90% of US stores will receive Bitcoin as payment. Currently there are many shops that accept Bitcoin payments, it's just not evenly distributed in some developed countries, for example in Asian countries only a few stores that accept Bitcoin payments for the transaction. Since there are still many obstacles to using Bitcoin, the first obstacle is the store owner's confidence in Bitcoin, the second constraint is the fear of Bitcoin in the future. The third obstacle is to see the current Bitcoin exchange rate is very high.

Perhaps by 2020 Bitcoin can be upgraded so we could see transactions costs lower, what is the biggest issue at this time many people complain about. The issue fully depend technology being improved, if it happens we can see fees costs decrease, more accessible to everyone. I think the other obstacles aren't so hard. Confidence for an example: The store can convert BTC to fiat instantly if they want and fear the future of the currency.

ceferov

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I also think as most of people saying with this transaction delays and high fees hardly BTC can be accepted by retailers but I think in near future retailers will accept LTC and DASH. and BTC will be as a backing cryptos with value

Mr.Anonymous

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Quote from: azguard on December 09, 2017, 05:44:54 AM

Quote from: Malaya on December 08, 2017, 02:41:48 PM

Quote from: IdVerification on July 14, 2017, 10:57:35 PM

"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency"

article published July, 5, 2017
https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/

"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients."

It makes sense that a transition to accept bitcoin would be underway for more US-based stores.

We know and much familiar that Bitcoin is really open for Japanese people. Japan has embraced bitcoin so well since we also know that Japan is not afraid of great changes to happen. They are usually the innovators of different generations since then. Having that great character like the Japanese, I hope many nations and countries to also accept bitcoin even to retailers and even to different transactions that it would be like how we use our fiat money.

That is true they made first move and seem like they made it in right time. Like you im also hopping to see many countries will follow them but for now this process seem little slow. Some already announced some changes like they will reduce ax or removed it completely but this is still small step, Japan made huge one.

I did not surprise when the Japanese government accept Bitcoin, Satoshi Nakamoto is the Japanese name. It seems Satoshi can be the Japanese person, but there is no proof for my idea. Until today, after the Japanese government accepted Bitcoin, we do not see any problem in the Japan's economy, they managed it very well.

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