Retailers will not accept bitcoin payment, because BTC confirmation time is too slow - up to one hour or so. Retailers need very fast confirmation time - up to 15 - 20 seconds. Shop cashier will not wait long time for one customer, especially if there are many customers in the queue behind.
I am sorry but I dissagree with you, I think the confirmation time is not a big problem because in fact that the number of retailer which accept bitcoin is keep increasing. The russian largest online retailer named ulmart was announced that they will accept bitcoin as a form of payment from 1 september ago. Also, there are retailer named alza which has installed bitcoin ATMs in it's storefronts. 
Topic: When will more retailers accept Bitcoin - page 20. (Read 17249 times)
Retailers will not accept bitcoin payment, because BTC confirmation time is too slow - up to one hour or so. Retailers need very fast confirmation time - up to 15 - 20 seconds. Shop cashier will not wait long time for one customer, especially if there are many customers in the queue behind.
I do agree with you. Because retailers will just accept bitcoin usage if they know that they will benefits on it and it was commonly used by most of the people to purchase goods and services. Since retailers do not see any progress to make bitcoin a term of payment, they will not accept bitcoin but as soon as they see that it is essential to accept bitcoin, for sure they will start accepting bitcoin. 
When the government and all of the countrymen eventually accepts bitcoin.
Retailers will not accept bitcoin payment, because BTC confirmation time is too slow - up to one hour or so. Retailers need very fast confirmation time - up to 15 - 20 seconds. Shop cashier will not wait long time for one customer, especially if there are many customers in the queue behind.
Now Amazon is gonna accept the bitcoin as a payment soon everyone will accept the bitcoin payment for sure with the trust and interest shown to the bitcoin. That's the reason segwit activation and block size increasing is happening. Soon confirmation time for bitcoin will be take place in a minute. Then everyplace you can find a board bitcoin accepted here.
Even with this we need the legal status in the country where the retailers wanted to use bitcoin as payment if bitcoin is illegal then they cannot do business in bitcoin. So if the country gets bitcoin as legal status then the development will be fast like in japan after government gave bitcoin legal status now bitcoin is accepted in most of the places and in business also.
I don't really see this will take place but if the value of bitcoin will be much more stable i can see that far more suppliers settle for Bitcoin will happen. But as of now, i do not believe casual individuals, whose not techy one particular , probably will not think about this as a extravagant factor, or perhaps if bitcoin will be a trend a mainstream development, for certain many individuals will bandwagon/fanatic of bitcoin, in that time i believe more stores will accept bitcoin.
"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.
This strategy of Japan is an eye opener to other countries who have not yet adopt bitcoin. It is an advantage to Japanese people who have bitcoin in possession because they can purchase now using their bitcoin in thousands of store in Japan. Maybe if other countries would approve or follow the steps of Japan more retailers around the world will do the same thing. With that the circulation of bitcoin will be much stronger.
Every single day, more retailers accept Bitcoin. More and more all the time.
Retailers will not accept bitcoin payment, because BTC confirmation time is too slow - up to one hour or so. Retailers need very fast confirmation time - up to 15 - 20 seconds. Shop cashier will not wait long time for one customer, especially if there are many customers in the queue behind.
Now Amazon is gonna accept the bitcoin as a payment soon everyone will accept the bitcoin payment for sure with the trust and interest shown to the bitcoin. That's the reason segwit activation and block size increasing is happening. Soon confirmation time for bitcoin will be take place in a minute. Then everyplace you can find a board bitcoin accepted here.
Even with this we need the legal status in the country where the retailers wanted to use bitcoin as payment if bitcoin is illegal then they cannot do business in bitcoin. So if the country gets bitcoin as legal status then the development will be fast like in japan after government gave bitcoin legal status now bitcoin is accepted in most of the places and in business also.
Retailers will not accept bitcoin payment, because BTC confirmation time is too slow - up to one hour or so. Retailers need very fast confirmation time - up to 15 - 20 seconds. Shop cashier will not wait long time for one customer, especially if there are many customers in the queue behind.
Now Amazon is gonna accept the bitcoin as a payment soon everyone will accept the bitcoin payment for sure with the trust and interest shown to the bitcoin. That's the reason segwit activation and block size increasing is happening. Soon confirmation time for bitcoin will be take place in a minute. Then everyplace you can find a board bitcoin accepted here.
I don't know the trajectory at which stores will be accepting bitcoin, but this is an element of mainstream acceptance that I am interested in. The more stores that accept the better
Retailers will not accept bitcoin payment, because BTC confirmation time is too slow - up to one hour or so. Retailers need very fast confirmation time - up to 15 - 20 seconds. Shop cashier will not wait long time for one customer, especially if there are many customers in the queue behind.
The general acceptance of bitcoin and crypto currency is still a major problem because of the volatility of crypto currency value. If a store accept bitcoin today being Sunday and maybe before Monday evening bitcoin value decline that will affect the profit they must have made from the transaction negatively. Although, if the value move in the positive direction they will benefit.
Yes, it is the volatility of bitcoin that scares many people away for its adoption as a currency. I think it will be unprofitable for sellers to sell their goods if the bitcoin price drops rapidly.
Bitcoin will be more accepted by more retailers in my country especially by those who have little business if the government or some powerful and influential will be the one to use and introduce bitcoin to the public. By now they are like the ordinary people who does not beleive in bitcoin so they are not using and accepting it in their life. Another reason is that not all people are using bitcoin so not all of their customers will pay them bitcoin. I also thinking that bitcoin has no fix price. If the price goes down so they can also get less money but anyway I do not know much in business maybe I have wrong predictions
It's because bitcoin is truly legal in japan, not just you I'm sure many of the bitcoin users want retailers accept bitcoin, I think we can only wait for other countries to follow japan by supporting bitcoin and legalizing it.
The general acceptability of bitcoin and other crypto currency is still a major problem because of the volatility of crypto currency values. If a particular store accept bitcoin today being Sunday and maybe before Monday evening the bitcoin value decline, that will affect the profit they must have made from the transaction negatively. Although, if bitcoin value move in the positive direction they will benefit.
Once bitcoin become legalized and fully supported by the governments, that's the time retailers accept bitcoin as a mode of payment. More retailers are doubt at this time because bitcoin is not regular used by most and it is not widely know by the people.
"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.
Wow! It's good to hear that Japan is taking bitcoin seriously and also supporting it at the same time, it's government is not like the others who are against bitcoin and are looking for ways to tax it. And it's the same in my country, it's so hard to live when you don't know that the income source is traceable or not and also the government also is taking so much time in declaring the status of bitcoin, at least they should tell the people about their thoughts or maybe give them an ETA on the day of announcing the decision. 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.
"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.
Great job for Japan for leading the way in adopting crypto currency in their country it is a good start because reatilers would accept bitcoin as payment transaction and it would be more convenient to bitcoin holders to do business using their bitcoin holdings. I hope other countries will follow this move of Japan but still it depends on the government of each country if they will implement the same procedure with Japan.
Yes a lot of countries are accepting bitcoin right now, but it does not depends on countries, more big brands and bussiness needs to start accepting bitcoin in order to make it more famous, that is the only way that more shops will feel confident to start buying more bitcoins so they can spend it on shops or malls.
So obviously it needs more promotion in several media, and if big brands start accepting it, then more people will want to buy.
So obviously it needs more promotion in several media, and if big brands start accepting it, then more people will want to buy.
I understand what you are saying but it does depend on countries as well. Countries need to regulate bitcoin, in order to ensure merchants and costumers feel safe when doing business in bitcoin. This kind of measure to incentive bitcoin use, is incredibly important for both merchants and consumers. And yes you are right, it depends on merchants and big companies to start adopting bitcoin and offering that option for buyers, but it also depends in us, consumers to start using that option. Most people just use bitcoin for trade and don't really do anything with it. It also depends on the network itself. Right now it's impractical to buy cheap stuff with bitcoin because of it's fees. So in the end, it depends on a lot of things combined, so it will take a while, but I'm confidant we will get there.
"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.
Wow salute to Japan it will be more convenient for bitcoin holders to pay transaction using bitcoins. It could lead to cashless society in the near future.
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