Post
Topic
Board Economics
Re: How much important bitcoin for entrepreneurs?
by
Fatanut
on 26/09/2018, 04:11:41 UTC
this will lead to many opinions given that not everyone has different perspectives and knowledge, but in my opinion bitcoin is very important for the development of the entrepreneur's world because it turns out that if we use bitcoin optimally this will be very helpful especially if our business relationships are far from our country, of course, to conduct cheap, efficient and safe transactions with bitcoin can be the right choice to replace conventional bank transfers which will cost a lot
Meaning to say, it's only beneficial to those who operate on a wider scale, right? Local businesses aren't in need of such technology. I think so too. There's just no point in implementing the bitcoin technology in small businesses when you can easily just hand over the money to the cashier. Bitcoin exists on the Internet and it's mostly going to be used for long distance transactions and most of us are still buying in physical stores. Sure there are those who prefer buying online but most of us still prefer going to the actual store so we can see the unit before we buy it.

Honestly right now bitcoin is not that important for entrepreneurs except for online retailers. The only time bitcoin will become crucial to their business is when the majority of people is already using bitcoin and the majority of merchants are accepting it already. Once bitcoin has become the new norm, entrepreneurs will be forced to accept the currency but right now it's not that beneficial to them. Even in developed countries, bitcoin isn't that crucial to business owners since everyone's still mainly using card and fiat money.