hello Bitcoiners, I'm happy today because today marked one month since I started accepting Bitcoin payments in my company. I decided to accept Bitcoin as a means of payment because it is fast and secure, unlike the frequent delays and errors with fiat and banks. Few of my customers were really impressed with the new development when I first started last month, but since then I have had more than 13 customers paying me with Bitcoin and stable coins ( USDT ). I feel more safe using Bitcoin in my business because it eases the stress of holding a lot more cash, there is no more SMS notification and charge from the bank for payment, and no one has to know about my bank balance by spying on my phone. There is no monthly charge of any kind for Bitcoin transactions, unlike with the banks.
Knowing that the Bitcoin payment I receive from customers is not an investment but rather my business capital, what I do after receiving payment in bitcoin is convert my capital to a stable coin USDT and leave my profit in bitcoin. I do this to avoid running a loss in my business. If I decide to hold the whole bitcoin and, peradventure, the Bitcoin price drops, I might not have my exact capital any time I want to buy more goods. I wish to ask if this is the right approach I should take given that we are still in a bear market.
Steps I took:
First, I browsed online about accepting Bitcoin payments. Then, I was able to get a picture, so I decided to print the picture on an A4 sheet of paper, and then I displayed the printed picture on the front gate of my shop.
I also created a fresh wallet on the Trust Wallet app to be used.
I decided to use a trust wallet because I just felt that since I was not holding the bitcoin for investment purposes, I should just use trust wallet to receive my payment.
Dealer on all kinds of furniture works.
I think this is a good step towards a globalized bitcoin utilization. Gone are the days when using bitcoin as a form of payment is frowned upon because of the potential of loss due to its volatility. Now that small-scale companies are more receptive of using bitcoin as a form of compensation to their employees I think this will soon cascade into more largely-structured firms and companies to provide options for their employees. I think this is actually a great way of making sure that adoption of cryptocurrency happens, we can't just let the people spend bitcoin, they must enjoy the feeling of receiving it as well. Knowing that the Bitcoin payment I receive from customers is not an investment but rather my business capital, what I do after receiving payment in bitcoin is convert my capital to
Steps I took:
First, I browsed online about accepting Bitcoin payments. Then, I was able to get a picture, so I decided to print the picture on an A4 sheet of paper, and then I displayed the printed picture on the front gate of my shop.
I also created a fresh wallet on the Trust Wallet app to be used.
I decided to use a trust wallet because I just felt that since I was not holding the bitcoin for investment purposes, I should just use trust wallet to receive my payment.
Dealer on all kinds of furniture works.