Why BTC is not adapted into business?? - page 2.

Siren

sr. member

Activity: 826

Merit: 265

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!

Lol bitcoin has being used as payments worldwide,and there are some countries that uses this as their own currencies so this is stupidity that tells bitcoin is not adopted in businesses
Maybe there are majority that is not accepting and using this for their business but they don’t really know what is cryptocurrency and what this can bring to them so they are hesitating,but for sure upon realization they will grab this as an opportunity that a risky one

Moiyah

member

Activity: 630

Merit: 20

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!

Obviously, bitcoin is not good in business like now where the situation of the market is not that good. Yes, there are some advantages but still. It is volatile and it doesn't benefit any business.

Kocret02

sr. member

Activity: 1190

Merit: 250

Buzz App - Spin wheel, farm rewards

today there are many companies that adopt BTC as a business option. Now BTC is one of the best business options online, so BTC will be useful for that

0t3p0t

sr. member

Activity: 1736

Merit: 357

Peace be with you!

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!

Yes one of the common reason why people or merchants are hesitant is because of volatility and adoption in a particular place or country. Here in my country adoption is great and we can actually use Bitcoin in an online transaction such as buying goods and prepaid loads, paying bills and services etc. without any hassle like falling in line in the middle of nowhere. Bitcoin helps us with faster transaction locally and internationally and businesses are I think trying to get involve with Bitcoin.

Rooster101

sr. member

Activity: 826

Merit: 256

Many business in some part of the world have already adopted bitcoin as one of their payment options and many will follow soon. At this time, the pace of bitcoin adoption is still slow because most in the business sectors want it to be legalized first by the government before accepting it. Some sectors are also aware of bitcoin's volatility and rapid price fluctuations and this is one of the reasons why tgey still reluctant to use it as one their mode of payments.

TheClownSong

sr. member

Activity: 1428

Merit: 251

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!

In several country like Japan, bitcoin already accepted as currency in many merchant. I think many bussiness not adopting bitcoin because government regulation. Merchant must be afraid againts government regulation but i am believe government will regulate bitcoin in near future. Bitcoin will traded in reputable stocks market and i am believe bussiness adoption is just matter of time

pooja1982

copper member

Activity: 166

Merit: 1

I think Btc is not regulated as a worldwide currency like USD. very few country in the world where the Bitcoin is regulated and accepted as a payment and all trasantion done by Bitcoin. It will takes time that BTC adapted as a primary payment when it will become as a legal tender in worldwide.

Vickyrichy

member

Activity: 209

Merit: 12

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 suggest you take some time and go through the whitepaper of Bitcoin, I believe it will give some idea behind the main purpose for the introduction of Bitcoin and blockchain technology. Decentralization is the basic principle running the Bitcoin Blockchain and the change in the market value is just the nature of a decentralized system.

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

Quote from: a4techer on December 13, 2018, 06:27:04 PM

Why do say that? What is you basis that some of businesses was not adopting bitcoin? Because as I know and as I read their are so many businesses was using bitcoin as a primary payment so that how do you say that bitcoin not adopted by business. I read some of restaurant in Korea was using bitcoin as paying including here in my country even our banks accepting or embracing also bitcoin.

Please attach examples too when you talk about it. Bitcoin isn't accepted by many companies/services and that's clear to my mind but the fact that you say it's primary payment method is very wrong. You rarely see only bitcoin based services and in most cases if you see btc as a payment option, it's always after others as an alternative.
Fiverr had it like steam and removed, curious, why? Will we see it back?

a4techer

sr. member

Activity: 552

Merit: 250

Why do say that? What is you basis that some of businesses was not adopting bitcoin? Because as I know and as I read their are so many businesses was using bitcoin as a primary payment so that how do you say that bitcoin not adopted by business. I read some of restaurant in Korea was using bitcoin as paying including here in my country even our banks accepting or embracing also bitcoin.

Sexie

member

Activity: 420

Merit: 10

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!

It is because of the very long term but down fluctuating condition of bitcoin and a sudden rise but short term of bitcoin price that hardly adopt in wide range of business. It is Not that very consistent . One thing more is that no one control for it . It is a digital currency. They can just use bitcoin for a store of value , mostly for now that it is because at down situation.

ETHAppCoin

newbie

Activity: 52

Merit: 0

How can you adopt and use something as a payment method when its value fluctuates in the matter of second? How would this affect profits, payments and complete balance of any company? Plus the anonymity and lack of any regularity and government support. Too risky.

Lucky7btc

hero member

Activity: 1299

Merit: 502

Why would you Adapt something that takes 1hrs to get 1 confirmation of payment?

Aponkye1

member

Activity: 336

Merit: 10

The reason why most industries do not want to accept Bitcoin as another mode of payment is because of its volatility. For instance imagine taking a payment of bitcoin worth $100 US within the month of May and trying to change this same amount of bitcoin to fiat currency now would not be worth the same $100 US. This is what most business corporations fear that if they should accept they may lose funds sometime to come when the need to change the funds into fiat currency. In the same in case these business entities accept bitcoin payment and it rises they could also make huge sums of money. But the truth is nobody is ready to take such huge risks.

Sawadekub

full member

Activity: 350

Merit: 102

Everything has its time. At the moment, society is not yet ready to massively accept Bitcoin as a means of payment.
Of course, the first thing to do is to propagate informatoin about Bitcoin among ordinary people, talk about its advantages and about there, how convenient and with benefits they can pay for goods and services. The more consumers are interested in the possibility of paying for their purchases with Bitcoin, the more entrepreneurs will think about how to implement payment with Bitcoin in their infrastructure.
As say demand creates supply.

Riddikulo

hero member

Activity: 896

Merit: 500

Quote from: ngocbkcse on December 11, 2018, 11:46:00 AM

Some businesses do not adapt BTC because their clients won't make any payments with it. So there is no need to overthink this issue.

It seems to me that everything is simple. Bitcoin is volatile. Nobody knows if this cryptocurrency grows tomorrow or falls down. Businessmen do not want to risk - they are used to work with stable currencies.

esetop01tryba

jr. member

Activity: 238

Merit: 1

https://www.empirehotels.io

Bitcoin is not adaptive in business as it is very volatile in price. It is profitable to accept bitcoins for payment only when there is an uptrend and if you choose the right time your business will flourish. Fortunately, when an uptrend begins, it lasts a long time and you can extract a huge profit from it.

Bitdressa

member

Activity: 303

Merit: 12

Quote from: YuginKadoya on July 17, 2018, 06:44:31 AM

I think your question should be "Why other business and companies still doesn't adopted bitcoin?" Because there are business and companies that already are using bitcoin as their primary payment and accepting it as payment, And if you are not aware of it now you already know, But why do other business, establishment, and companies still doesn't adopt bitcoin, I guess there are still people that doesn't trust bitcoin or other Cryptocurrencies, Or they don't have enough knowledge regarding it and may have a mind set of a risk regarding the unknown.

of course I agree with you, many companies have started to receive crypto money in their companies which can be said to be more profitable than using the country's own currency, rather than bothering to exchange it first, it can be directly used and immediately used so that the needs can be further processed.

SistaFista

sr. member

Activity: 1638

Merit: 251

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 bitcoin is already adopted into business, but not in a large scale.
Only several companies may have using bitcoin to expand their business. By using cryptocurrency, there is no limitation and everyone can use it.
Yeah, actually you can use btc in real life, there are many online shops that accept btc or cryptocurrency as a payment.

akeegan

jr. member

Activity: 236

Merit: 4

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 it all comes down to speed, cost, and usability. We all need to match VISA and Mastercard TPS. Bitcoin simply won't do that. We need stablecoins like Ampleforth tbh. People are scared of volatility

https://www.ampleforth.org/

Topic: Why BTC is not adapted into business?? - page 2. (Read 3314 times)