Post
Topic
Board Bitcoin Discussion
Re: Why BTC is not adapted into business??
by
Rustamm
on 20/11/2018, 06:03:28 UTC
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.