When will more retailers accept Bitcoin - page 26.

Eugenar

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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.

Maybe, it will be accepted by more retailer when Bitcoin is already legal to most countries and if it will be supported by each of the countries' governments. As of this moment, there are still markets that doesn't support Bitcoin as a payment or to be used to buy and purchase things because they are still not awared of cryptocurrencies. But the future's bright , I think. Once it is already accepted by most of the retailers, surely, the demand and its value will also too.

Sled

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Quote from: barbara44 on September 27, 2017, 02:19:47 AM

Quote from: Reid on September 15, 2017, 06:06:03 AM

Quote from: astrid.uchiha24 on September 14, 2017, 10:08:00 AM

maybe next year or in 2019-2020 we will have a lot of sellers who accept payment by bitcoin, bitcoin is in the stage of slowly being famous around the world, lets just wait and everyone will notice it since the prediction next year with its value might rose up to 10k$ or even more.

I hope so. That is one og the major problem of bitcoin.
Lacking in merchants and also those shops that accepts bitcoin as a currency.
This should be changed fast. There have been many coins that are being created and they might see it as a better one in terms of payment rather than bitcoin.
It could be popular but after that users could be directed to another crypto like ETH, and LTC.

The more retailers will have bitcoins only when it will become a global currency. The value of bitcoins needs to improve soon and this will make it highly accepted in the global market. Also it wills some high standards of trading and eventually more and more retailers will start thinking about it and will start accepting.

The value of bitcoin doesn't need to rush to improve to just make bitcoin accepted by the other retailers and other businessman. Bitcoin needs to have a stable network and less hassle problems so the retailers and the businessman will accept bitcoin because when there is no issue in bitcoin especially in using it then it will become easy for bitcoin to get accepted worldwide.

barbara44

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Quote from: Reid on September 15, 2017, 06:06:03 AM

Quote from: astrid.uchiha24 on September 14, 2017, 10:08:00 AM

maybe next year or in 2019-2020 we will have a lot of sellers who accept payment by bitcoin, bitcoin is in the stage of slowly being famous around the world, lets just wait and everyone will notice it since the prediction next year with its value might rose up to 10k$ or even more.

I hope so. That is one og the major problem of bitcoin.
Lacking in merchants and also those shops that accepts bitcoin as a currency.
This should be changed fast. There have been many coins that are being created and they might see it as a better one in terms of payment rather than bitcoin.
It could be popular but after that users could be directed to another crypto like ETH, and LTC.

The more retailers will have bitcoins only when it will become a global currency. The value of bitcoins needs to improve soon and this will make it highly accepted in the global market. Also it wills some high standards of trading and eventually more and more retailers will start thinking about it and will start accepting.

pugman

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I think that when retailers think that their country won't do any regulations on bitcoin, retailers will go for it. And retailers don't want to face legal issues just because they accept bitcoin. So that's why most of the retailers don't accept bitcoin as payment acceptance method. But in the future retailers might think of such an idea but instead they will use their governments crypto currency.

Konthol Ngaceng

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Of course this is gradual and I see more and more retailers are receiving bitcoin. the main thing that makes bitcoin transactions more massive depends on the developer, if they make the transaction easier then retailers will accept bitcoin...

lincolnmad

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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.

This is a good news actually for bitcoin but the impact is not that big because japan is known as a country that already accept bitcoin. If other big country accept bitcoin as the payment for their retailers, it will be big. I mean the price of bitcoin can increase so high because of that news. I'm sure more retailers will accept bitcoin in the future.

Jake052478

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I can see that there are only a handful of bitcoins investors in our country yet. So the chances of being used as payments in a retail store would be much longer than expected. Besides, there will still be equipment to be installed before being accepted in the stores... So, I guess, it would take time....

SummerBliss

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Not many people know about Bitcoin and Bitcoin is highly volatile. These both factors limit vendors to accept Bitcoin. Also, even if people know about Bitcoin, they aren't ready to spend it because Bitcoin is more like an investment for them than a currency. I think in future more retailers will definitely start accepting Bitcoin with bitcoin going mainstream and a little decrease in volatility. Right now some dominant countries in crypto like Japan are involved in Bitcoin extensively.

arbelian

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It will be a good thing if more retailers would accept bitcoin as payment transaction but herr in our country it would take many years before the retailers or the whole country can adopt the world of crypto currency. Not all residents of country do knows that bitcoin exists they do not even know it. None of my friends knows about it and some saw only bitcoin on the net but they never actually show interest on it. So it would take years before bitcoin would be established in this country.

Pumapipa

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Here in the Philippines, according to my husband, some of 7-11 chains already accept bitcoin. The purchase should be with a minimum amount 100php or 10USD. This is a convenience and with this, I hope that more establishments will be more open to accepting bitcoin as payment. It will definitely rank with those express payment systems major banks are offering.

VanDeinsberg12

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Quote from: The_Dark_Knight on September 26, 2017, 06:53:47 PM

Quote from: WatchMaker on September 18, 2017, 07:40:23 PM

Quote from: CryptoBry on July 15, 2017, 05:15:05 AM

Quote from: RoommateAgreement on July 15, 2017, 01:19:01 AM

in my opinion there are a couple of things that are preventing retailers from accepting bitcoin:
1. people who own bitcoin are a lot but people who are willing to spend bitcoin are very little. this means the possibility of little to no customers.
2. price is volatile still. it has been becoming less volatile but we can see drama like blocks and split can cause bigger volatility again!
3. fees. although they have come down ever since spam attack stopped but if they go up again and remain high people will be even less willing in spending their coins.
4. things such as chain split. which are scary and nobody wants a scary currency when there is fiat.

when these change, more retailers will accept bitcoin.

You said it well. In Japan, there are now many merchants who are all ready to accept Bitcoin but sales are not yet burgeoning as expected because we all know that Bitcoin has become a speculative tool. I am sure that there would come a time when this can be reversed...we just have to wait since Bitcoin is right now still evolving.

Yes, in time bitcoin will be accepted by retailers all over the globe just like how they normally accept fiat currency right now.
This can happen in may be 10 years or 20 years only time can determine this because people have to adapt bitcoin, how to use it and more.

Reaching the point where using bitcoin becomes as common as using fiat is going to take a lot of time I think it is going to happen and I agree with your prediction but there are many unknown factors that could slow adoption, if governments of the world realize that people are using bitcoin to avoid paying their taxes or something similar I will not be surprised if bitcoin was eventually banned in many countries.

don't expect bitcoin usage will be as common as fiats if many people still using internet for only instagram and don't know shit about other thing like cryptocurrency.
I could say that majority of internet user only use their internet for stupid things, not trying to be edgy but that's true.
I always see such social media website is few times more popular than educational site, no wonder.

The_Dark_Knight

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Quote from: WatchMaker on September 18, 2017, 07:40:23 PM

Quote from: CryptoBry on July 15, 2017, 05:15:05 AM

Quote from: RoommateAgreement on July 15, 2017, 01:19:01 AM

in my opinion there are a couple of things that are preventing retailers from accepting bitcoin:
1. people who own bitcoin are a lot but people who are willing to spend bitcoin are very little. this means the possibility of little to no customers.
2. price is volatile still. it has been becoming less volatile but we can see drama like blocks and split can cause bigger volatility again!
3. fees. although they have come down ever since spam attack stopped but if they go up again and remain high people will be even less willing in spending their coins.
4. things such as chain split. which are scary and nobody wants a scary currency when there is fiat.

when these change, more retailers will accept bitcoin.

You said it well. In Japan, there are now many merchants who are all ready to accept Bitcoin but sales are not yet burgeoning as expected because we all know that Bitcoin has become a speculative tool. I am sure that there would come a time when this can be reversed...we just have to wait since Bitcoin is right now still evolving.

Yes, in time bitcoin will be accepted by retailers all over the globe just like how they normally accept fiat currency right now.
This can happen in may be 10 years or 20 years only time can determine this because people have to adapt bitcoin, how to use it and more.

Reaching the point where using bitcoin becomes as common as using fiat is going to take a lot of time I think it is going to happen and I agree with your prediction but there are many unknown factors that could slow adoption, if governments of the world realize that people are using bitcoin to avoid paying their taxes or something similar I will not be surprised if bitcoin was eventually banned in many countries.

ongels

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I guess stability of bitcoin must be realized so that more often retailers will accept btc. Gaining precise amount ,are the best factor to consider because retailers will enable to give specific idea, if they have something to trade. Whereas if it seems fluctuating all day, and we don't know what gonna happens next, something like no assurance since it is not legally recognized by Gov't, there's a tendency people will used to doubt their holdings and wait for the next upcoming days to fulfill their wants.

palle11

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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

When bitcoin usage is officially tied to payments maybe to government on certain things, bills, proper awareness would have for the acceptance.

The_Dark_Knight

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Quote from: Gozie51 on September 14, 2017, 09:18:46 AM

If we compare the knowledge of bitcoin last 4 years when I don't know what it is to late last year, we would see that there have been progress on the awareness of bitcoin. So, the usage and acceptance of bitcoin stems from the its awareness and I see that most people are getting to know about it. Soon the awareness will increase more and it will have a positive effect on the acceptance.

Awareness is not enough we need to make people more incentivized to use bitcoin, at the beginning people accepted bitcoin because of the low fees but now that the fees are very high they have decided against it, we need the fees to go down once again that way if a bitcoin transaction is half of the fee of paypal and similar services people will see the benefit of using bitcoin and massive adoption will happen.

WatchMaker

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Quote from: CryptoBry on July 15, 2017, 05:15:05 AM

Quote from: RoommateAgreement on July 15, 2017, 01:19:01 AM

in my opinion there are a couple of things that are preventing retailers from accepting bitcoin:
1. people who own bitcoin are a lot but people who are willing to spend bitcoin are very little. this means the possibility of little to no customers.
2. price is volatile still. it has been becoming less volatile but we can see drama like blocks and split can cause bigger volatility again!
3. fees. although they have come down ever since spam attack stopped but if they go up again and remain high people will be even less willing in spending their coins.
4. things such as chain split. which are scary and nobody wants a scary currency when there is fiat.

when these change, more retailers will accept bitcoin.

You said it well. In Japan, there are now many merchants who are all ready to accept Bitcoin but sales are not yet burgeoning as expected because we all know that Bitcoin has become a speculative tool. I am sure that there would come a time when this can be reversed...we just have to wait since Bitcoin is right now still evolving.

Yes, in time bitcoin will be accepted by retailers all over the globe just like how they normally accept fiat currency right now.
This can happen in may be 10 years or 20 years only time can determine this because people have to adapt bitcoin, how to use it and more.

The_Dark_Knight

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Quote from: ekoice on September 12, 2017, 02:42:19 AM

Retailers mainly expect two things for accepting bitcoin widely as payment.They mostly expect it to be legalized so that they could accept it with confidence.Secondly,volatility of bitcoin price is a big issue for them.But we saw in japan after legalization,most of retailers readily accepted bitcoin and now around 250,000 retailers are accepting bitcoin payment.They have not even considered about volatility.So its clear that if bitcoin gets legalized in all countries,it would be accepted by retailers all over the world.

People will learn to deal with volatility, the easiest way to do that is to cash out your bitcoin as soon as you get the payment that way you will not give time to the volatility of bitcoin to make you lose money, however I’m sure that some retailers will be willing to roll the dice and see if they can get even better profits by holding for some time the bitcoin they earn.

aardvark15

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Quote from: Milo_Kidd on September 16, 2017, 11:49:21 PM

Quote from: shine1123 on September 15, 2017, 10:04:34 AM

Quote from: astrid.uchiha24 on September 14, 2017, 10:08:00 AM

maybe next year or in 2019-2020 we will have a lot of sellers who accept payment by bitcoin, bitcoin is in the stage of slowly being famous around the world, lets just wait and everyone will notice it since the prediction next year with its value might rose up to 10k$ or even more.

No one knows, maybe the next year more countries will accept bitcoin on their retailers. To be honest it's hard to motivate retailers to accept bitcoin because the price of bitcoin that can easily decrease. The bitcoin price is fall right now, imagine if the retailers accept bitcoin, the price will always changed because of that.

For sure they will accept and I think now most of retailers accepting bitcoins. Its price is always changing but they will continue accept it because of how bitcoin price is in the future. I believe that this will be the top in the future.

I think it will be up to us as investors to promote Bitcoin to retailers. We should ask businesses if they accept Bitcoin as payment so they will consider doing so. The more customers that ask for it, the more likely they are to consider accepting it as payment. Since Bitcoin is not a business, there's really no one else to advocate for it so we have to be more proactive in order to help Bitcoin become a mainstream method of payment. It can work but we all need to make some effort to get the word out.

redsun114

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Quote from: Babyrica0226 on September 14, 2017, 12:36:10 AM

Quote from: eleah24 on September 01, 2017, 02:38:01 AM

Maybe more retailers will start accepting Bitcoin when Bitcoin became legal in our respective countries and when people are known of what is Bitcoin, its advantages and disadvantages, how to use them, how to trade them and how to handle them.

Isn't once bitcoin become legal currency in one country does bitcoin still decentralize? it just came up into my mind because the government of each country as we all know was being categorize in centralization.

I think that if some country announces that Bitcoin is now the legal currency, then I think it will remain no longer Decentralized. It will automatically come under the control of Government of that country. You may also need to pay taxes and all the stuff which the Government will ask for.

Milo_Kidd

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Quote from: shine1123 on September 15, 2017, 10:04:34 AM

Quote from: astrid.uchiha24 on September 14, 2017, 10:08:00 AM

maybe next year or in 2019-2020 we will have a lot of sellers who accept payment by bitcoin, bitcoin is in the stage of slowly being famous around the world, lets just wait and everyone will notice it since the prediction next year with its value might rose up to 10k$ or even more.

No one knows, maybe the next year more countries will accept bitcoin on their retailers. To be honest it's hard to motivate retailers to accept bitcoin because the price of bitcoin that can easily decrease. The bitcoin price is fall right now, imagine if the retailers accept bitcoin, the price will always changed because of that.

For sure they will accept and I think now most of retailers accepting bitcoins. Its price is always changing but they will continue accept it because of how bitcoin price is in the future. I believe that this will be the top in the future.

Topic: When will more retailers accept Bitcoin - page 26. (Read 17206 times)