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Re: How can we encourage local businesses to accept BTC?
by
ModGirl
on 17/05/2017, 23:03:14 UTC
Just by simply telling them that they can have good profit on it will be an effective thing. It's like an additional payment method to their whole business, they won't sacrifice the cash method or fiat system for it. Because bitcoin will be added as an option to their service which will good for other customers that are into bitcoin.

Yeah paying with fiat and credit/debit card will always be there as majority of users will prefer to use the same method and the fact is they may not be aware about bitcoins but if merchants starts accepting bitcoins as a mode of payment then it will really help people who are using bitcoins.
Exactly that is what I'm pointing out, because the awareness about bitcoin is spreading that is why we only need to give them clear details on what is bitcoin and almost everything we know. Let's disclose too some of the problems about bitcoin but I guess it will not be a big problem.

The problem will occur unto this is its volatile movements and if you explain it more clearer to them well might they will get annoyed for the result of its unstable flactuation so chances of bitcoins acceptance on the taste of offline business man will be blurry since they doesn't want to spend on risky events or situation. And we cannot disclose some problems about it since it continuos to occur even if we doesn't like it.

The fluctuation is given and I know it will be on their favor since they are business and they want movements especially with their investments. if a businessman knows about taking up a risk, for sure he will understand the fluctuation very easy. They will not even going to take the risk to start a business if they don't want a risk.
Risk is accompanied with any business planning and if someone afraid from that risk then he will not be able to take any step of progress. According to my views these risk are a way to provide more security as if a businessman feel risk then he will care more for his business.
That's why I know you can easily encouraged a businessman if he is going to enter bitcoin economy and convince him to start using bitcoin. And there are a lot of potential in bitcoin that's why you only to tell them very well and clear the background about bitcoin and if you can tell them almost everything about it.
That's right, thats the more reason to also tell them the risks of bitcoin and if possible we should also give them solutions like when a customer

wants to pay in bitcoin, the staff needs to be knowledgeable about fees and wallets so he can guide the customer to avoid stuck transactions. also

when the mempool is quite loaded advising the customers that paying bitcoin might be a disadvantage because he will need a high fee for fast

confirmation. we need at least 1 confirmation for the transaction to be irreversible.
If a person will want to implement bitcoin in his business then he will need to get all the knowledge about bitcoin and have to do a few experiments with its usage for to start with it. Our work is to tell him about the benefits of bitcoin for his business after that his work starts as if he will start to use bitcoin without any knowledge of its use then he will not be able to manage it.