Re: What Point Do You Start Accepting Bitcoin as a Payment Option For Your Business?
I have read more than five (5) posts on this forum where users celebrate accepting bitcoin as a payment option for their business. Outside of the forum, we have read news of companies such as Microsoft, Home Depot, Twitch, Whole Foods, Gyft, Benfica accepting bitcoin as a payment. The question that has been on my mind for quite a long time is that-at what point do you think a business should start accepting bitcoin as a payment option, considering profit margin, price stability, and manipulation from exchanges?
It all depends for certain reasons. First, Ill only have to accept bitcoin as a payment option once the government starts accepting it and support it as a legal currency. Second, if majority of my consumers are already into bitcoin and are already aware that it can be use to purchase goods and services. Otherwise, if Ill take the risk accepting bitcoin, I may run out with fiat funds that will be use to roll my business.Image source: Bitcoin Accepted Here