Topic: Why BTC is not adapted into business?? - page 3. (Read 3326 times)
The main reason for businesses not adopting BTC as their payment method is due to its regulatory status. As well as that being the main put off factor, another major factor is the volatility i.e. how quickly the market price changes. Nobody would want to deal with a "currency" that has an unstable future.
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.
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!
Big and wide adaptation in business bitcoin will receive only when its volatility is minimized. People cannot conduct large transactions and set prices for goods and services in bitcoin and cryptocurrencies, because prices change in a very short period of time, and for long-term business it is unacceptable.
Say you're a shop owner and you accept BTC. Do you keep it as BTC or convert it to your local currency? If you keep it as BTC, then this year would have bankrupted you as your working capital went down 80% in real value. If you convert it to USD/GBP then you are probably using some 3rd party payment system where you don't even know/care it's BTC. It is just another currency to you.
Out of those two options, which is best?
Out of those two options, which is best?
Apart from what you had listed, personally I think perhaps tax is also a barrier. Goverment's policy plays a very decisive role as well.
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 does not adopted into businesses because first of all not all the business accept it whole heartedly. In addition to that, the government will not allow it to be a part of the business system. Bitcoin is still a new and alien to the most of people so bot all the business allow it to be adopted.
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 does not adopted into businesses because first of all not all the business accept it whole heartedly. In addition to that, the government will not allow it to be a part of the business system. Bitcoin is still a new and alien to the most of people so bot all the business allow it to be adopted.
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 only one thing or reason why still bitcoin it not adapted into businesses and the reason is the government do not allow to use it. In fact, all business need to approve by government so once they know you will bitcoin or other cryptocurrency they will disapprove it. But, I do hope there will be a time that all businesses will really use cryptocurrency. 
If they only use bitcoin as a payment system then they will not think long to think of a payment using digital money. I guess fiat money in an account can be referred to as a digital currency, they can use the money through their cellphones or PC or laptop. Every merchant who will accept bitcoin will think for a long time, it could be that bitcoin makes their business go bankrupt with continuous price declines.
High volatility and lack of regulation make it less attractive, besides, BTC has slow and costly transactions that make it even less atractive for a business... remember what hapenned a few months ago, with transactions longing for more than 24h... I would accept BTC on my business, but only on certain circusntances
Businesses are not so wiling to accept Bitcoin because it's too risky for them. Also there is a lack of regulation and companies need legal ground and safety to be able to do business properly. That is also the reason why smaller cpmpanies accept Bitcoin more, because they don't have so much to loose and are more willing to accept the risk.
But regulation is one of the most important conditions for companies to start dealing with Bitcoin. You can't incorporate something that is barely legal or undefined into your business, do you?
But regulation is one of the most important conditions for companies to start dealing with Bitcoin. You can't incorporate something that is barely legal or undefined into your business, do you?
It's not that they dont accept bitcoin. Some comapnies or business are aware of it but they dont want to adapt it and there are companies that are successfully adopted it. Bitcoin is popular especially in year 2017 when it boomed really hard that is why companies are also looking for a way to adopt it.
In the future maybe will be more companies are adopting Bitcoin into their business. I believe the world of Bitcoin will increasingly famous and popular in the future. So wait and we will see it will happen.
No we dont need to wait for the future in order for that to happen because it is actually happening right now . btc and any other popular cryptos like eth , bch , xrp , etc. Are now already recognized and have been used by most companies . they used it for recieving money and for paying to their workers as a form of currency/money .
However there are still alot of companies or business that is doubting to use cryptos because they see that cryptos are risky and they can even loose , more than they can improve their lives .
It's not that they dont accept bitcoin. Some comapnies or business are aware of it but they dont want to adapt it and there are companies that are successfully adopted it. Bitcoin is popular especially in year 2017 when it boomed really hard that is why companies are also looking for a way to adopt it.
In the future maybe will be more companies are adopting Bitcoin into their business. I believe the world of Bitcoin will increasingly famous and popular in the future. So wait and we will see it will happen.
It's not that they dont accept bitcoin. Some comapnies or business are aware of it but they dont want to adapt it and there are companies that are successfully adopted it. Bitcoin is popular especially in year 2017 when it boomed really hard that is why companies are also looking for a way to adopt it.
I also asked this question. I think this is due to the fact that this is a certain risk that some do not want to take. Bitcoin does not depend on anyone, therefore it is difficult to predict whether it will grow in value or not. The same with Bitcoin, it has a number of factors that are not adapted to the business - this is a small percentage of people who use Bitcoin, as well as stability
I must say bitcoin has received a good number of adoption already globally but there are some other reasons that are prevent it from having a wide range of adoption
BTC is not adapted into business the price of the btc is not stable so many will not accepts for payment in business.
more over its not safe and secure.
more over its not safe and secure.
BTC is not adapted into business because as we have observed that bitcoin is really unstable coin so if something bad happen to crypto than it might lead to company loss or if price is rise than company may have huge profit but there are uncertainties. That's why companies are not adapted bitcoin.
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!
Have you tried to use bitcoin in business? As a rule, there is no legal basis for its use. Proving the existence and legality of transactions in Bitcoin in transactions before the tax authorities and the audit is almost impossible due to the lack of supporting documents that banks usually issue in such cases. Most likely, you will be subject to heavy fines and your business will be threatened.A big problem in business is the high price volatility of Bitcoin. Week back bitcoin cost another 6600 dollars, and now its price is already 4880 dollars. If at this time someone made a deal, then one of the parties would have suffered great losses. Who wants to risk in business and for what? Business loves stability.
it is hurtful to see the BTC price continues to fluctuate and for those people who dont have idea what is happening they will really panic and sell their holdings but for me it is good sign that the bull run is coming soon, like what the situation last year it drops and suddenly the price is unstoppably raising.
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