Why BTC is not adapted into business?? - page 13.

fernandoaleixo

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Community Manager at Bitsurf.eu

Quote from: avikz on July 17, 2018, 07:01:23 AM

Quote from: fernandoaleixo on July 16, 2018, 10:24:05 AM

I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!

There are three main reasons that are acting as bottlenecks for bitcoin's adoption.

1. Legal framework
2. Liquidity
3. Volatility

Propaganda can't help unless we find a solution to these three points. There are few companies that are trying to solve the liquidity issue by providing settlement services to the merchants, but then volatility is eating into the profits and brings uncertainty to the merchants.

If the solution to these three problems are found, the adoption rate will increase exponentially. But sadly, none of these are in our hands.

Thanks for your reply, it really brightened my ideas and I realized I haven't think about it yet, indeed there are more challenges to bictoin besides propaganda and media. I hope with things working the USA the other governments will follow suit.

perova93

member

Activity: 238

Merit: 10

now a lot of companies and shops accept crypto coins and use the crypto system in their own business! already many banks realized that the crypto system is unique and for it the future! on this those companies that are not currently deployed in the crypto market and the crypto system will remain very far away, and they will have to very long catch up with the whole world!

adejoke444

newbie

Activity: 224

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Most of the business will need assurance from the government, you cant expect them to start accepting it and the government suddenly ban it one day.. Government support can make this happen quickly.

GrossPay24

newbie

Activity: 21

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at the moment in most countries, the use of bitcoins in the business sector is prohibited. But even if it were legalized bitcoin is not convenient in business, first very long transactions, secondly high volatility. New and new alternative coins are being created that can be used in the corporate environment.

[email protected]

newbie

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To be associated with business Bitcoin needs to be attached to an industry that uses Bitcoin. But the industry does not need Crypto

ucok_aball

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👨‍👩‍👧‍&#

now many countries are starting to receive bitcoin, big online stores are also starting to accept bitcoin and even in Saudi Arabia is legal so now bitcoin has progressed

ronalsi

newbie

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As an entrepreneur you should know what to do and not to do, It is not like a fiat currency but just a steady value. So, even if I'm a businessman, I would not do it

kopijos

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Quote from: fernandoaleixo on July 16, 2018, 10:24:05 AM

I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!

bitcoin became one of the new findings to serve as payment I think has become a business. maybe btc can be used as one of transaction tool like money for btc adaptation to become bigger business.

[email protected]

newbie

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I think ICO project can be seen as a adaptation BTC into business. And actually, there is one cool project - Socratus. I really like their concept - a platform for insurance companies that was created in order to make the communication between customer and insurance company more convenient and simple. It helps to get read of annoying personal meetings and paper work. With this ecosystem, companies will be able to cut operating costs, create new insurance products, deal with data analysis more efficiently and many other benefits.

pritibitisi

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Quote from: fernandoaleixo on July 16, 2018, 10:24:05 AM

I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!

i think the main reason why is some find bitcoin not that stable because its volatile makes it not fully reliable for business owners.
Plus the distribution is not balance whales have fully control of the price movement so basically traditional businesses cannot risk on movements like this.

[ProTrader]

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Quote from: fernandoaleixo on July 16, 2018, 10:24:05 AM

I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!

Bitcoin cannot penetrate the market or the business because central banks and government are trying to suppress it. Once Bitcoin is already accepted and available in the business transactions, and they cannot control it anymore. Worst is that the central banks will lose their jobs business because the company don't need a banks anymore.

maloibtc

member

Activity: 322

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I think that it is used in large companies as it is multifunctional coin but I am not sure that it can become the full helper in business. Though i can be mistaken as i m not a businessman and may be unaware of the certain things

Cryptrx

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Worlds Simplest Cryptocurrency Wallet

I've heard they are some businesses that accept bitcoin but frankly speaking, if I had a business I don't think I will accept bitcoin due to the current market volatility. It might lead to the collapse of my business.

ralle14

legendary

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Shuffle.com

Here in my place there's a couple of restaurants that accept Bitcoin via our local exchange. If you look at this thread there's a lot of sites that accept Bitcoin and you'll probably more if you use spendabit.

Quote from: mistanama on July 17, 2018, 11:53:15 AM

You say that's the reason, And it's the Volitile price of bitcoins.
That is why it is difficult to apply to business because it can cause the collapse of their business. It's not like a fiat currency that's just a steady value. So even if I'm a businessman I will not do it for payment because there is a risk here.

Using a payment processor like Bitpay or Coingate removes the risk on their end. Volatility shouldn't be a reason for them not to adapt Bitcoin. Others probably don't want to accept Bitcoin because they're afraid that no one will use them if fees become expensive.

popelene1

newbie

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Anxiety, fear and the negative things some are talking about bitcoin is the cause some business don't want to adapt it, when all this stop abd the government also say positive about it, it shall be adapted by many businesses.

mistanama

sr. member

Activity: 327

Merit: 250

You say that's the reason, And it's the Volitile price of bitcoins.
That is why it is difficult to apply to business because it can cause the collapse of their business. It's not like a fiat currency that's just a steady value. So even if I'm a businessman I will not do it for payment because there is a risk here.

abiola4real

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Many fear to adapt it because they fear to lose because of the volatility it is and its also not regulate, approved and legalize by the government.

calumbautista23

newbie

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BTC is actually being adopted by more and more business now. Majority are still not there because of the volatility of btc.

carlisle1

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Quote from: fernandoaleixo on July 16, 2018, 10:24:05 AM

I always wondered what is the problem for BTC to be finally adopted in the wide range of business, I was expecting at least a great adaption in the online business but even so, what stops business from adapting BTC, the volatility? The low rates of adoption? Or maybe a lack of propaganda? BTC is so great and I really wish I could use it in more places IRL!

Dont you know that japan uses bitcoin just what regular currency is?some countries and many other countries legalizes this coin in their territory so i dont know where did you get this idea of not accepting bitcoin for business.or maybe youre living in some places that banned bitcoin thats why this is what you can say

ggugoienpai

newbie

Activity: 45

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BTC volatility is too intense. Business cooperation requires a stable monetary system. That's why bitcoins are more opportunistic.

Topic: Why BTC is not adapted into business?? - page 13. (Read 3314 times)