Why do big corporations accept BTC? - page 15.

maydna

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Quote from: Ranly123 on January 12, 2018, 08:37:00 PM

Big companies invest in a blockchain and not literaly on bitcoin. Blockchain enables them to gain bigger profit in their marketing and advesrtising. With high marketing value, they can reduce their assets and advertisement fee through blockchain, which help them pay lesser taxes.

I think the same as you and I think they see that blockchain is the heart of all cryptocurrency and if they can learn then I think they can make something behind the blockchain and it will bring some innovations for them and maybe it will give some benefits for the people. and if they can make something or product and I am sure that people will use the product and it will help people to make their life easier.

ross09

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Quote from: amih on January 06, 2018, 10:03:27 AM

I just think that today bitcoin is very popular and that is why many companies are receiving bitcoin.

Bitcoin has strong opportunities for mainstream businesses, but it’s hard to understand from listening to techies explain it... and it has a better way to do transactions. Forget about Bitcoin as an investment vehicle, or Bitcoin as a way to end the Federal Reserve. Its benefit to business comes from payments.. The value of Bitcoins also proved highly volatile. Some investors thought that as the currency was used for more and more transactions, it would be highly valuable. That’s no doubt true, but small changes in expectations of future value can have a huge impact, either up or down. Because of the exchange rate volatility, most businesses will want to exchange their Bitcoin for dollars regularly. A daily sweep makes sense..

Ranly123

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Big companies invest in a blockchain and not literaly on bitcoin. Blockchain enables them to gain bigger profit in their marketing and advesrtising. With high marketing value, they can reduce their assets and advertisement fee through blockchain, which help them pay lesser taxes.

HappyDevil

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Big corporations will not want to stay out of the game for the next few years. Some large corporations around the world are working to create their own coin and that is a strong testament to the new trend of application of blockchain technology in life and finance. I hope the big corporations will have a long-term perspective and grow with the cryptocurrency market.

radjie

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Quote from: Umar001 on January 12, 2018, 02:16:55 PM

Big corporation accept bitcoin because they believe in dynamic nature of bitcoin, and how is going to be effective in business environment in near future, so they want to be part and parcel of digital currency, besides bitcoin make transaction online easier,

In addition to facilitating online transactions, I think large companies believe that bitcoin can actually be used as an asset storage of goods by using the Internet network and can be used as investment assets that are very promising to be able to invite many investors

01asd

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Quote from: logicgate on January 12, 2018, 04:15:54 PM

Quote from: Hui8 on January 11, 2018, 11:50:32 AM

Im not sure if you have taken this issue with very technical stuff but I have different and simple theory behind this. I think big corporations are able to tae larger volumes of BTC and thats why it becomes very affordable to them in first place. Moreover these organisation can easily implement trusted and costly payment processor used for the BTC but smaller organisation may fail into it. So what I suggest here is mare difference of the how small and larger organisation work with their portfolio.

Brother this is all about the game of who is taking more advantage of something, there are some people who are just focusing on bitcoins and they are continuously grasping the maximum of bitcoins so that they can have a better business out there. And the most important and bridal of them are the investors of big firms that are just targeting it now as they know the importance of these cryptocurrencies.

Maybe they usually do transactions in large quantities so that Bitcoin could be a solution. If we use transactions Banks, we must have various limitations, and with cryptocurrency, maybe they can break the various limits. Bitcoin can also be used as an investment tool and tool to pay our worker. And if I read about your comment about Bitcoin's power, I think you have a point. Not just big companies are scrambling to master Bitcoin, but major countries are also trying to do that. They must be trying to dominate Bitcoin around the world in order to become a ruler in the economic field. Because anyway, you want to like it or not, Bitcoin has become one of the important factors in the world economy.

belalangsembah

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Quote from: NeoMA on January 06, 2018, 06:13:12 AM

Hi there,

first off - @admin, I´m not sure if this is the right forum category, so please shift if unadequate!

I wanted to know why big companies like Microsoft, Paypal, Overstock and now consulting firms (with PwC HKK) accept BTC as a payment method? Regarding the latter, it´s due to increasing cooperations with start-ups that operate with BTC as main payment, but regarding the others?
From my point of view, companies with sizes like the above mentioned (refering to cash flows and generated income) are normally risk averse and therefore it seems counter intuitive to me to accept BTC as a payment method due to its heavy volatility.
Moreover, not knowing how regulation might influence the outcome for BTC is another argument for not accepting it?!

This leaves me with only one (rather) simple solution, which is that they are convinced of BTC price rises (in the short-term at least), or even a bit more fare-fetched that they are convinced of BTC as "the new digital currency" or similar.
But that´s not plausible for me!

Does somebody know how much BTC Microsoft or the others generate with the exchange of fiat to BTC and vice-versa?

Can someone please help me out, it´s really grinding my gears Huh Huh

Thanks a lot Smiley

if any company pays with bitcoin or other crypto currency, I think the company is taking the right moment to take another advantage, because by paying using bitcoin then their products will also be promoted and the company's profits will increase

MeongElek

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"simply getting the job done"

I think, the reason they (big companies) accept bitcoin as online payment, we know that their products are consumers in various countries, this needs a simple and secure payment. And then, they accept bitcoin as a way of investing in long-term wealth. With stable bitcoin prices, chances are that many big companies have bitcoins.

anhlandibo12

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The fact that large companies accept Bitcoin as a form of payment can certainly make sure that they see Bitcoin in the future. Bitcoin will become a global currency for the next 10 years, as the revolution in technology 4.0 will gradually change the way people pay.

error08

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It's a good thing, right?
Which mean bitcoin acceptance getting bigger and spread wifely among big companies that willing to adopt bitcoin as a payment method since its price growing significantly in the last year. Moreover, they don't pay the fees, we do.
Considering the price of bitcoin which constantly increases over time, they won't lose if decide to hold bitcoin or just convert it to USD right after receive bitcoin, or else third party such as Bitpay will be useful in this case.

2taps

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Quote from: Kemarit on January 12, 2018, 01:26:19 PM

Quote from: dx_twisted on January 12, 2018, 11:38:39 AM

Quote from: fulmetal08larz on January 12, 2018, 11:19:24 AM

It is because these big corporations are visionaries and they see bitcoin as the future of money. The top 1% of the 1% always gaining control and once they see the price of BTC soaring to the moon, they will cash out and take profit. We must know how to ride with the whales.

Do really big corporations, such as those belong to Fortune 500 companies does accepts Bitcoin? From what I know, there is only a small percentage of businesses that are willing to accept Bitcoin in exchange for services or products, payment method likewise. And the majority of this small group compose only of small to medium enterprises. Financial institutions such as banks in general are hesitant to consider Bitcoin as a currency and are now taking actions to make people reconsider investing with Cryptocurrencies. If a normal individual who chooses to stay and be contented with fiat money, I do really doubt that corporations will ever engage with these digital coins or let BTC alone.

Big corporations are still not into bitcoin as far as a know. And those who are into it, are making just a investment and not accepting it as payment or such. We have heard Microsoft lately, stop accepting it, however, they got some kind of payment processor, I assumed Bitpay to handle their bitcoin transactions. I have to agree that bitcoin should be the future, that's why a lot of financial institutions are really interested on it. 2017 show's how bitcoin popularity surges, that's why they can't ignore it and join. However, for the Fortune 500, I haven't heard much noise, and I doubt that they are into bitcoin to exchange to fiat, but just like the rest of us, they see at a investment platform.

I think the big corporations accept bitcoin because of how popular and how much worth it has become. Because now so many people know about bitcoin that it can't be stopped easily. And the big company's now see bitcoin as a source of income because of that more people will start to believe that bitcoin is not a scam.

batang_bitcoin

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Quote from: Umar001 on January 12, 2018, 02:16:55 PM

Big corporation accept bitcoin because they believe in dynamic nature of bitcoin, and how is going to be effective in business environment in near future, so they want to be part and parcel of digital currency, besides bitcoin make transaction online easier,

It's not just a way to accept bitcoin but also to answer the call of majority that everyone should get involved to bitcoin so they are doing it just for the sake of their business. Any demand from their customers are taken seriously and at the same time they didn't accept bitcoin just because they want to but also it's another form of their investment while accepting bitcoin payments from their customers.

logicgate

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Quote from: Hui8 on January 11, 2018, 11:50:32 AM

Im not sure if you have taken this issue with very technical stuff but I have different and simple theory behind this. I think big corporations are able to tae larger volumes of BTC and thats why it becomes very affordable to them in first place. Moreover these organisation can easily implement trusted and costly payment processor used for the BTC but smaller organisation may fail into it. So what I suggest here is mare difference of the how small and larger organisation work with their portfolio. Apart from this if the processors are big then they theoretical have more customers and thus more use of BTC transaction which doesn't imply to smaller organisation. So you see here is devalue for the use of bitcoin due to lack of few factors! Thats just my theory and it could different really.

Brother this is all about the game of who is taking more advantage of something, there are some people who are just focusing on bitcoins and they are continuously grasping the maximum of bitcoins so that they can have a better business out there. And the most important and bridal of them are the investors of big firms that are just targeting it now as they know the importance of these cryptocurrencies.

hudas10

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maybe most companies have to stsrtex realize the cryptocurrencies is usfull and I tink if me ill accept the bitcoin becouse this is big opportunity I mean bitcoin having a big value

dogandogru

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Big Corporate like to accept BTC as payment as it not only get them profit but also it can helps to wealth for them in long term. BTC price has rose to many fold in past few months which create more wealth on such big corporate.

Umar001

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Big corporation accept bitcoin because they believe in dynamic nature of bitcoin, and how is going to be effective in business environment in near future, so they want to be part and parcel of digital currency, besides bitcoin make transaction online easier,

Jose Rizal

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Quote from: NeoMA on January 06, 2018, 06:13:12 AM

Hi there,

first off - @admin, I´m not sure if this is the right forum category, so please shift if unadequate!

I wanted to know why big companies like Microsoft, Paypal, Overstock and now consulting firms (with PwC HKK) accept BTC as a payment method? Regarding the latter, it´s due to increasing cooperations with start-ups that operate with BTC as main payment, but regarding the others?
From my point of view, companies with sizes like the above mentioned (refering to cash flows and generated income) are normally risk averse and therefore it seems counter intuitive to me to accept BTC as a payment method due to its heavy volatility.
Moreover, not knowing how regulation might influence the outcome for BTC is another argument for not accepting it?!

This leaves me with only one (rather) simple solution, which is that they are convinced of BTC price rises (in the short-term at least), or even a bit more fare-fetched that they are convinced of BTC as "the new digital currency" or similar.
But that´s not plausible for me!

Does somebody know how much BTC Microsoft or the others generate with the exchange of fiat to BTC and vice-versa?

Can someone please help me out, it´s really grinding my gears Huh Huh

Thanks a lot Smiley

If in your country companies were already accepting Bitcoin as medium of payment I think because as part of competetive field thwy should have acquire changes and innovation which is happening in their surroundings the awareness as a business man should be present who always seek opportunity to grow his empire

Kemarit

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Quote from: dx_twisted on January 12, 2018, 11:38:39 AM

Quote from: fulmetal08larz on January 12, 2018, 11:19:24 AM

It is because these big corporations are visionaries and they see bitcoin as the future of money. The top 1% of the 1% always gaining control and once they see the price of BTC soaring to the moon, they will cash out and take profit. We must know how to ride with the whales.

Do really big corporations, such as those belong to Fortune 500 companies does accepts Bitcoin? From what I know, there is only a small percentage of businesses that are willing to accept Bitcoin in exchange for services or products, payment method likewise. And the majority of this small group compose only of small to medium enterprises. Financial institutions such as banks in general are hesitant to consider Bitcoin as a currency and are now taking actions to make people reconsider investing with Cryptocurrencies. If a normal individual who chooses to stay and be contented with fiat money, I do really doubt that corporations will ever engage with these digital coins or let BTC alone.

Big corporations are still not into bitcoin as far as a know. And those who are into it, are making just a investment and not accepting it as payment or such. We have heard Microsoft lately, stop accepting it, however, they got some kind of payment processor, I assumed Bitpay to handle their bitcoin transactions. I have to agree that bitcoin should be the future, that's why a lot of financial institutions are really interested on it. 2017 show's how bitcoin popularity surges, that's why they can't ignore it and join. However, for the Fortune 500, I haven't heard much noise, and I doubt that they are into bitcoin to exchange to fiat, but just like the rest of us, they see at a investment platform.

dx_twisted

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Quote from: fulmetal08larz on January 12, 2018, 11:19:24 AM

It is because these big corporations are visionaries and they see bitcoin as the future of money. The top 1% of the 1% always gaining control and once they see the price of BTC soaring to the moon, they will cash out and take profit. We must know how to ride with the whales.

Do really big corporations, such as those belong to Fortune 500 companies does accepts Bitcoin? From what I know, there is only a small percentage of businesses that are willing to accept Bitcoin in exchange for services or products, payment method likewise. And the majority of this small group compose only of small to medium enterprises. Financial institutions such as banks in general are hesitant to consider Bitcoin as a currency and are now taking actions to make people reconsider investing with Cryptocurrencies. If a normal individual who chooses to stay and be contented with fiat money, I do really doubt that corporations will ever engage with these digital coins or let BTC alone.

fulmetal08larz

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It is because these big corporations are visionaries and they see bitcoin as the future of money. The top 1% of the 1% always gaining control and once they see the price of BTC soaring to the moon, they will cash out and take profit. We must know how to ride with the whales.

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