Post
Topic
Board Bitcoin Discussion
Re: How do you educate petty traders in adopting Bitcoin?
by
Vaculin
on 09/06/2022, 22:14:22 UTC
I have come to realize that mostly on daily basis, petty traders; hawker stall, street vendors, street hawkers, market men and women, kiosks do transactions often and frequently and they are not amongst the top class citizens in the society. Some are uneducated and are not anywhere near technology to get acquainted with blockchain and Bitcoin. I believe if they are informed and have knowledge about Bitcoin properly they will want to key into it so as to save themselves of unnecessary stress and expenses from banks and other groups.
What's your opinion in educating these petty traders and letting them know more about Bitcoin because  I believe this is amongst the grassroot adoption which starts from the base as they do transact more often than some of the big companies we hear of. Although the petty traders do little amount but it is most often on daily basis.
 What steps would you take in drawing the attention of the traders to Bitcoin?
It will be very difficult to draw their attention into bitcoin investments especially if they are not particular with bitcoin and they don't have the spare money to invest in it. Remember that the profits they produced out from selling in the streets with their small stalls are certainly low compared to those big business owners so financing for bitcoin investment is one thing that they can't hardly afford. Instead, if they earn extra money, i believe they will chose to add it on their business capital so they can expect for increase profits.