When will more retailers accept Bitcoin - page 21.

malika

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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.

It would be an adoptive strategy as Japan retailers accepts bitcoin as payment Bitcoin will be more established and many people will be try to adopt the currency to go on with the flow of the market and for them not to be out dated. But it would consume a lot of years for all other countries to be able to use bitcoin in the retailer shops that would still depends on the government approval.

GreatOrchid

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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.

aishyoo17

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I think there are plenty of countries that are starting to accept bitcoin as a payment so lets just be all patient and wait for the time that all countries in the world will adopt bitcoin and then we can see the result. Japan is starting to accept bitcoin as a payment and that is a good step and a very good news to our community.

twobits

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Quote from: Vikingr on October 07, 2017, 07:16:49 PM

Quote from: tmaleha on October 05, 2017, 10:22:00 PM

Bitcoin will be accepted worldwide by max retail merchant in next few years. It is required one because of the advantage of Bitcoin.

Things will be very much changed in the coming few years and coming years will bring so many good news for the ones who are dealing with bitcoin. This is what I think about bitcoin. I am very much confident that it will not take much time for the retailer to start accepting bitcoins. They will be happily accepting bitcoin very soon. They are just observing the behavior of bitcoin right now.

Looks a lot of country already tried to make a deal with the bitcoin and there are some retailers are thinking to accept the bitcoin as the payment. as you can see the bitcoin grow everytime.
This seems to be a good news for all.

Vikingr

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Quote from: tmaleha on October 05, 2017, 10:22:00 PM

Bitcoin will be accepted worldwide by max retail merchant in next few years. It is required one because of the advantage of Bitcoin.

Things will be very much changed in the coming few years and coming years will bring so many good news for the ones who are dealing with bitcoin. This is what I think about bitcoin. I am very much confident that it will not take much time for the retailer to start accepting bitcoins. They will be happily accepting bitcoin very soon. They are just observing the behavior of bitcoin right now.

carlerha

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Quote from: lucy1215 on October 07, 2017, 04:53:09 PM

Thats nice move to Japans market of retailers. It will be more convenient for the bitcoin holders in Japan to do buying using bitcoin in the retailers. But i think it would take so many years before other countries could do that because not all countries are open with the idea of using bitcoin in the retail shops maybe in the future.

In fact they move bitcoin to retailer because they turn bitcoin as legal currency, in fact in our own ares most of the people even do not have any idea about itcoin therefore they are not going to use bitcoin as currency and even not accepting bitcoin for currency. i think in our area still people need a lot of knowledge and introduction about bitcoin so that they become aware about bitcoin and about its use.

lucy1215

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Thats nice move to Japans market of retailers. It will be more convenient for the bitcoin holders in Japan to do buying using bitcoin in the retailers. But i think it would take so many years before other countries could do that because not all countries are open with the idea of using bitcoin in the retail shops maybe in the future.

FrueGreads

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Well the problem is not on the tax right now. To be honest if bitcoin had a consumption tax associated with it, it would be impractical for merchants and consumers to use it. The fees are just to high right now, so a tax associated with it would completely smother bitcoin normal use, and Japan does not want that. When will we see more retailers accepting bitcoin? I think that will only happen when the fees are lower and the transactions are faster. It will happen, but I don't think it will be in a near future. Right now, the best strategy is buy and hold in my opinion, and maybe buy a few expensive things with it, but not common things.

ammo121810

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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.

Thats a nice development for Japan that would be an advantage to the most bitcoin holder living there in Japan because they can transact using bitcoin in the retailers. For other countries it would took so long before it will be implented.

nesty

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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.

Thats transition is good for Japan because many bitcoin holder can use their coins in different establishments / retailers to transact. But it would take years to other countries before it could happen because not all countries are open in crypto currencies though bitcoin is spreading worldwide but still lots of people are not aware yet of the existence of bitcoin.

lordquanta

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Quote from: biskitop on October 06, 2017, 06:35:11 AM

when the situation in the country has made it possible to give license the bitcoin. because the seller will of course sell a variety of products that are also official in the country. so payment must also be with an official payment. when a country has licensed bitcoin, retailers using bitcoin will become a reality.

That is one side of problem with adoption. Other is the amount of time taken to confirm transaction. From the higher perspective bitcoin is more suitable for transaction of money between two countries or entities separated by continents. In this kind of scenario where sending money via conventional method is time consuming and with more charges, so less cost-effective. In this scenario bitcoin works like charm If you are willing pay higher transaction fees that fees will still be less than what banks charges.
Things are very different when it comes to the retail transactions. Using bitcoin for these kind of scenario is not effective at all. At lease at this stage. I hope things will turn out positively in future as well.

The_Dark_Knight

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Quote from: bbgg12 on October 02, 2017, 11:56:53 AM

I think that it is unprofitable for many sellers to take bitcoin because the transaction fee is too high and many do not consider bitcoin for real money. It takes time for people to adopt digital technology.

This is the real issue, the transaction fee, at first those retailers adopted bitcoin because it was cheaper than credit cards, but now bitcoin is more expensive especially if we talk about transactions with a low amount of bitcoin, so what we need is to lower that fee and the developers have taken the first steps with the new improvements on bitcoin, but it is going to take some time before the fees get really low.

maku

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Quote from: planfox on October 06, 2017, 07:44:19 AM

Quote from: biskitop on October 06, 2017, 06:35:11 AM

when the situation in the country has made it possible to give license the bitcoin. because the seller will of course sell a variety of products that are also official in the country. so payment must also be with an official payment. when a country has licensed bitcoin, retailers using bitcoin will become a reality.

I agree with it. In our country, many are afraid to take bitcoin as payment, since the authorities can recognize such a deal as illegal and then there will be problems.

There is general rule of law - Everything that isn't forbidden is allowed - and another old Roman law: laws do not have retroactive force.
So if bitcoin is not illegal in your country by now, then every already made and accepted transaction is valid, no need to worry.
I am rather more inclined to say that merchants are afraid of this new tech and think this might be a bit too much hassle to implement it because it probably won't make them much profit, that's all.

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Quote from: yakushev on October 07, 2017, 12:03:09 PM

I think that most sellers are not ready to take bitcoin because they simply do not know how to pay taxes on profits from this crypto currency and are afraid of problems with the law.

Yeah,most of the sellers even don't know what is bitcoin.But soon the world will know about the bitcoin and all the people will start to familiar with bitcoin then the merchants will start to accept bitcoin as their payment.The respective government also need to take steps to make people familiar with digital currency.

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Quote from: evgeniyosda on October 04, 2017, 09:31:01 AM

I feel for that subject matter was it take so might a long time to accept bitcoin.Very first it was not however recognized in some nations around the world.2nd was the charge cost when sending bitcoin.And lastly it will take time to confirm transaction.But it was just i believe/recommendation.

Long ago the bitcoin was just invented the people about the bitcoin were not able to know about the bitcoin because the people were not able to have the internet connection and now they are having this connection so the bitcoin is now very common all around the world and it is famous for all the people. So it is the time the bitcoin is very famous and almost everyone knows bitcoin so they are trying to make bitcoin even legal.

wolf89874

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I think it's only can be available at Japan. Cause it's a small country, with population only 127 millions , so things can be changed easy when you add something or simply change something. But with USA, is the best economics in the world, nearly 323 millions and people in this country is from every countries in the world. It means it's a immigration country. Very hard to control their payment not like Japane. I'm trying to explain to you what is different from Japan and USA and how hard USA retailers can be accepted Bitcoin.

yakushev

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I think that most sellers are not ready to take bitcoin because they simply do not know how to pay taxes on profits from this crypto currency and are afraid of problems with the law.

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Quote from: fiulpro on October 01, 2017, 11:17:54 AM

Japan is technically more advanced and thus its easier for people to accept a new norm and its preety amazing how things are adapted there that produces a nice balance for everyone.
As for other countries .. i personally think it depends upon your country stage of development and the acceptance of goverment.
If the government accepts it and makes it legal the companies will be forced to accept bitcoins and any other fiat.
Varies from country too country

It is necessary that people become aware of the concept of virtual currencies, bitcoins and their uses. Secondly legalization of bitcoins is very important to get a higher percentage of retailers from all over the world.

Although some countries have banned bitcoins but some are legalizing it because they have very large number of retailers who buy bitcoins frequently during dump periods to make their future investments.

krisnt80

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The retailers number will grow when more countries legalize bitcoin, about the fees there are already new coins coming without fees, soo expect the future coins to come with small fees into them or without them, it doesnt make sense buy one thing that cost 1 dollar and pay 20 cent as fee, better use fiat for those, and bitcoin should be used for any kind of transaction.

traderethereum

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if there are any approval from government about bitcoin then we can see more retailers will accepting bitcoin. but unfortunately, we need to wait more longer because until now its still a few country that accepting bitcoin so bitcoin can not use for the payment. but we can still using bitcoin to pay something on the internet and i think there is any store online accepting bitcoin.

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