Topic: When will more retailers accept Bitcoin - page 15. (Read 17249 times)
For me they will not accept bitcoin, because of its fluctuating price. Retailers are very intelegent when it comes to business, they will not risk their business in bitcoin. Maybe they are watching it first and see what will happen, but i am still hoping that all of them will accept it, because it would be great for all of us.
it may take time for you to interact socially bitcoin to everyone so they know bitcoin and get involved with it, if this is the situation, bitcoin improvement will continue to increase and perhaps numerous stores or any other implies that provide deal solutions with bitcoin.
Bitcoin is getting more popular socially and now it depends on social interest and massive social pressure on government to compel government to accept bitcoin a legal currency in the country because bitcoin will be acceptable in the market being a currency when a government accept and announce formally it a legal currency. Now people accept bitcoin on individual interest basis but it requires government approval and recognition for becoming a part of the market that shopkeepers might accept it as a receipt/payment.
Just like Japan when all other country start to legalize the bitcoin then we can see more retailers accepting bitcoin as payment option. It is due to the status of bitcoin it is not able to get more retailers. In my country still bitcoin has not status so their is no stores to accept bitcoin but bitcoin users are so many who are doing trading in bitcoin and other altcoins and earning it and converting to fiat currency and enjoying it.
We cant tell yet when will be the retailers will accept bitcoin. As bitcoin fluctuates the price up and down so this means there are many things to considered before bitcoin will accept worldwide or even in a particular location. Though Im also hoping it would happen soon.
Probably the retailers could consider to accept the usage of bitcoin as a medium of exchange if the government or even the higher private groups support the circulation of cryptocurrency in the local trading businesses. When that happens, this will then be recognized as a legit way of exchanging goods and services between parties.
I do not think that retailers will accept bitcoin due to many reasons. First of all, the price of bitcoin is very high and it makes many people do not want to spend this cryptocurrency. They all believe that holding will give them more chance to be rich. Second, bitcoin is somehow slow and the blockchain of bitcoin cannot manage a huge number of transactions everyday
No one will tell you precisely when retailers will accept bitcoin but one thing is very certain that one day they will accept bitcoin. Now a days people started investing in bitcoin and in near future most of the people will invest in bitcoin compared to other investments option available.
In my country bitcoin is not that widely used.Maybe in the future I hope that I use bitcoins to pay for things that I want to purchase and buy.
"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.
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.
I think that it is obvious - the problem being high transactions fees even for those businesses which are not afraid form this new tech. Also the lack of trusted companies which can ensure crypto payments for stores in other countries than Japan.
Its happening slowly. But I think there will still be some countries who would shy away from crypto currencies because of the fact that it is difficult go regulate. It would be good to see more retailers accepting them though. I also wonder if it is possible in the future for companies to pay employees via btc, that would be something else entirely.
We cannot predict and guess when will more retailers accept bitcoin because it depends on them when will they decide to accept bitcoin. We cannot also force them to accept bitcoin because they might blame us if what will happen to them. So it is better to wait for their decision that to pressure them to accept it when it is still against on their own will. We also need to respect their decision because it is not good if they will accept bitcoin because they are forced.
"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.
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.
I think that it is obvious - the problem being high transactions fees even for those businesses which are not afraid form this new tech. Also the lack of trusted companies which can ensure crypto payments for stores in other countries than Japan.
Difficult question. But answer is very simple and logical. While all countries will not legalize bitcoin, nothing will change. If great countries will begin officially recognize and legalize bitcoin, then reception of bitcoins in the worldwide will begin. Many countries are afraid of risks, as bitcoin as we know is not stable and full of surprises in the form of money laundering and transfers without any identification.
It will not happen soon. Each retailer can get more problems with cryptocyrrencies than advanteges. Firstry, with regulator. Secondary, what company should do with coins? Hold for better days or withdraw to fiat?
Retailers are waiting for legal clearance by governmets before accepting cryptocurrencieas as payment method. There are so many startups which aim to convert cryptocurrencies to fiat. So there is no point to mention volatility as problem.
I've two better phrases: unfavorable externalities.Current financial aspects is built on the theory when we deny guy the authority to run a component or whole of his work in the other whims and desires, we are able to achieve better recent results for him and every one of us. I have yet to check this out efficient on the large scale. Never on an person 1.
It will not happen soon. Each retailer can get more problems with cryptocyrrencies than advanteges. Firstry, with regulator. Secondary, what company should do with coins? Hold for better days or withdraw to fiat?
I would imagine it would try taking some much more general widespread acceptance, but also some elevated price stability. There would be additional factors, obviously, so that as much more approval happens there would be potential rules in place, but price balance would probably be a greatly important factor for more acceptance.
The bitcoin gets broadened extremely fast but we can not expect only bitcoin for use from retailers/merchants inside a short period of time.What I see in the near future is the plug-in of other coins too and so with each other to become a spot to spend with cryptocurrencies (such as Btc, Eth, Ltc...)So you will see a price reduction if you spend with cryptocurrencies (or a cash back, gift or something like that) to include more and more people to use cryto.
all will receive payment with bitcoin when all retailers already know the advantages of having bitcoin, but for now still less knowledge about bitcoin to retailers.
Do you think that retailers, some of them running billions of dollars daily are so stupid not to check out what bitcoin is?
You can't run a multinational business with thousands of employees , hundreds of suppliers if you don't keep touch with the progress in every field.
The problem is not that they don't have a clue, the problem are exactly the bitcoin holders.
Read the threads and you will see 90% of the new bitcoin "users" are holding to their coins and label as stupid anyone who spends them.
Why would a retailer use this payment system if customers don't?
Besides that there is also the tx fee. Don't forget that this is payed once by the customer but again by the shop when it collects all the payments from multiple addresses.
With fees reaching 1-2$ for 1-2 inputs/output that's extremely high compared to cash and plastic solutions.
We need faster and larger blocks.
"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.
As being said, I think it is obvious that more retailers will accept not only Bitcoin but also other cryptocurrencies when the time come that it id legal to most of the countries. Ofcourse if it is supported by different countries and governments, they will be forced to accept it with assurance. And i think this is close to reality since Bitcoin and other cryptocurrency are getting more popular nowadays. 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.
Jump to: