Even if you business will be set up near a school, you need to check if the students there can afford to buy your milk tea. If its public school (Government run) then there's a low chance that your milk tea business will become successful because you need to consider the students there came to study only and not to stay and have milk tea. Also you need to consider the foot traffic. Your store needs to be visible to may people and much better if its near a terminal.
It's a private school owned by the Chinese. The new building is under construction and will be open in a few months from now. That's our original plan. However, we suddenly change it inside the mall.
I had a discussion with my parents earlier, saying that they want to start operating our milk tea food cart. We had the cart ready, materials for making the milk tea and so on. Instead of waiting for June or July until the new school building opens, we decided to put our business in a mall rather than the school sooner than later.
My dad was a traditional business style guy. He kept failing because of not being creative and innovative, and sometimes ignoring my suggestions and advice. However, this time, since I am into crypto and blockchain industry, he was thinking about displaying a Bitcoin QR code.
In the city that I lived, there were no businesses yet who accept Bitcoin payments. They do have QR codes, but mostly from a centralized provider and not crypto-related.
I already have my mom's Bitcoin wallet verified, and may need to upgrade it to a Business account as it needs business permit and other requirements necessary. It'll be used for the business anyways.
I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?
Where does your business located? If that is a crypto friendly community then it is good. We should be cautious and meticulous in selecting type of payments in our business. Because if you will never be bought due to the bitcoin payment then I think it will never be clicked. It is good to showcase some advancement and I think it is cool. But you should also look for the sake of your customers.
Within the Philippines. We won't know unless we try, because it's part of getting them aware and to know more about Bitcoin and other cryptocurrencies. I do have a small crypto community here, and they will be our regular customers for sure, because they will help spread the word by taking selfies in our milk tea cart with the Bitcoin QR logo, etc.
I already have my mom's Bitcoin wallet verified, and may need to upgrade it to a Business account as it needs business permit and other requirements necessary. It'll be used for the business anyways.
What bitcoin wallet is this specifically? Just know there such thingy upgrade to a business account.
As far as I know, getting a business permit costs you some. I mean since you guys just starting why don't you use a normal a bitcoin address instead? Sure, people won't bother.
I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?
Sure, it will create intrigues for some people. Like WTH is bitcoin, bro?
Coins.PH. It's regulated by the Bangko Sentral ng Pilipinas (BSP), and upgrading to Business account is necessary to increase monthly limits in cashing-in of up to 5 million pesos.