I've been longing to Open my dream business for a very long time now, my dad is an influencial politician in my state. He has companies and some businesses and I've been pestering him to assist me with some funds to start my dream business of having my Own Bar but he never gave me a listening ear. Just on January 2 2024, He sent me #2,000,000 in my local currency which is about ($1560 currently in dollars and 0.037347 in BTC) to start up my dream business.
I was so happy and thankful to him for giving this assistance after a very long time I've been requesting money from him to start up a business.
Now I've furnished and equipped the bar with different brands of drinks. I was thinking of using Bitcoin as a medium of payment for my new business since there have been massive involvement of people from my country in Bitcoin after the initial ban placed on cryptocurrency in my country was being lifted.
My major setback now is the high transactions fees and congestion in the mempool but I've made provisions for my BTC Address to customers but for now they're still patronizing me in fiat.
The picture below shows the transaction I received from my dad and the setting of my bar:
please help wish me well in my new achievement for the year 2024.
TRANSACTION OF THE MONEY RECEIVED FROM MY DAD
THE SETTINGS OF MY BAR
Edit: after much deliberation and suggestions from responsible members that gave their individual opinion to me here, I have therefore retorted to use TRC 20-USTD and BNB for payment hence, I've removed my initial wallet address i made available earlier as my intended payments method but however, I'm optimistic to use bitcoin as a payment method for my business in the future when transaction fees will definitely reduce to a considerate price and probably no congestion in the mempool.
As a Nigerian that I am, I can relate to your story but one thing you should understand is that most of your customers will be dealing with fiat, is only a very few of your customers that will make transactions with Bitcoin, you will always need to do some level of advertisement, letting your customers know that they can also pay in Bitcoin if they don't have fiat. Since you said opening a bar has always been in your mind, if not I would have advised you to use a good part of the money your dad gave you to invest in Bitcoin outrightly, however opening a bar too is also a nice idea.I was so happy and thankful to him for giving this assistance after a very long time I've been requesting money from him to start up a business.
Now I've furnished and equipped the bar with different brands of drinks. I was thinking of using Bitcoin as a medium of payment for my new business since there have been massive involvement of people from my country in Bitcoin after the initial ban placed on cryptocurrency in my country was being lifted.
My major setback now is the high transactions fees and congestion in the mempool but I've made provisions for my BTC Address to customers but for now they're still patronizing me in fiat.
The picture below shows the transaction I received from my dad and the setting of my bar:
please help wish me well in my new achievement for the year 2024.
TRANSACTION OF THE MONEY RECEIVED FROM MY DAD
THE SETTINGS OF MY BAR
Edit: after much deliberation and suggestions from responsible members that gave their individual opinion to me here, I have therefore retorted to use TRC 20-USTD and BNB for payment hence, I've removed my initial wallet address i made available earlier as my intended payments method but however, I'm optimistic to use bitcoin as a payment method for my business in the future when transaction fees will definitely reduce to a considerate price and probably no congestion in the mempool.