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Author Topic: Do some of local businesses in your area accepting Bitcoin?  (Read 5040 times)

Offline 0t3p0t

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Do some of local businesses in your area accepting Bitcoin?
« on: January 27, 2021, 04:40:42 PM »
Here in my country, some places accept Bitcoin payments but here in my area I don't have any idea if there is one. The problem is the internet which is slow since I am living in a remote area.

If you are given a chance to put up a business, do you mind accepting Bitcoin payments?

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Do some of local businesses in your area accepting Bitcoin?
« on: January 27, 2021, 04:40:42 PM »

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Offline Rokon5

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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #1 on: January 27, 2021, 06:12:38 PM »
I am Rokon.I lives in khulna and it is a southeast area of Bangladesh.Most of the people are poor.Probably BITCOIN  not accepted in our area for local business.

Offline gotbounty

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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #2 on: January 27, 2021, 11:32:49 PM »
No.
There are enough reasons why not:
- Bitcoin is still something very new to them and still confused about how to use them
- Payment using Bitcoin is not legal in this countnry so that we cannot use it for any kind of payment.
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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #3 on: January 28, 2021, 01:59:49 AM »
I have had a business for 1 year and I only accept payments using digital payment applications such as EDC machines, if there are customers and anyone who wants to pay using Bitcoin then I will accept it.
In some areas, the internet may be an obstacle to cryptocurrency transactions, but I have seen many payment methods without using the internet
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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #4 on: January 28, 2021, 03:22:48 AM »
Here in my country, some places accept Bitcoin payments but here in my area I don't have any idea if there is one. The problem is the internet which is slow since I am living in a remote area. If you are given a chance to put up a business, do you mind accepting Bitcoin payments?

Frankly speaking, I won't be wasting time creating the necessary infrastructure just to be able to accept Bitcoin, maybe the best thing to do is to join a network which accept many cryptocurrencies or a third-party platform. Right now, there is no boom of users who are using Bitcoin to pay anything. In fact, many in the past years were reporting luckluster business or revenues when they flashed the Bitcoin sign. Why is this so? Simple. People who are into Bitocin are usually holding them. It is just logical to never spend something which you are hoping to be growing in the coming days. That is human nature.


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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #5 on: January 28, 2021, 04:52:39 AM »
Yeah most people are now holding Bitcoins they don't want to spend it for future purposes. Aside from the internet the transaction fees also matters to them not unless using segwit supported wallets. Another reason is the adoption as majority of locals don't have any idea about it. Legality is also an issue to some countries they are afraid to get compromised by authorities.

Offline gurunanakji777

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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #6 on: January 28, 2021, 03:45:12 PM »
Even I did not know any place near by to me accepting bitcoin might be I am not aware of any entity that is accepting bitcoin nearby to my place. Internet is not the issue at my place. I believe its good to start accepting bitcoin in a business but the real problem is BTC volatality that's the reason business entities hesitate to accept it.

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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #6 on: January 28, 2021, 03:45:12 PM »


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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #7 on: January 28, 2021, 03:58:00 PM »
In my country it is prohibited to make payments with bitcoin, currently only use bitcoin as an investment.
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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #8 on: January 28, 2021, 11:32:25 PM »
Here in my country, some places accept Bitcoin payments but here in my area I don't have any idea if there is one. The problem is the internet which is slow since I am living in a remote area.

If you are given a chance to put up a business, do you mind accepting Bitcoin payments?
If I have a business I'll definitely accept Bitcoin this is also to educate and promote Bitcoin in our country, many people here have heard about Bitcoin but they do not have any ideas what Bitcoin is and how they work, I will educate my clients on how Bitocin works and it's many advantages.
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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #9 on: January 29, 2021, 12:37:12 AM »
It will be good to start up business that accept bitcoin as form of payment but first of all the staff's should also be trained on how to operate the system in how to accept or the process it will take because of those customers that will be paying with bitcoin in order to make sure the process go smoothly.
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Offline arnold dudicove

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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #10 on: January 29, 2021, 02:30:58 AM »
Here in my country, some places accept Bitcoin payments but here in my area I don't have any idea if there is one. The problem is the internet which is slow since I am living in a remote area.

If you are given a chance to put up a business, do you mind accepting Bitcoin payments?

I don't think we are ready to accept bitcoins at the moment as a transaction tool. The problem is not about the internet. But financial regulations in our country have not approved bitcoin as a legal means of payment. But seeing that bitcoin has started to be accepted in other countries is good news that hopefully other countries will quickly follow ...
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Offline Malam90

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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #11 on: January 29, 2021, 04:07:43 AM »
I am from a country where Bitcoin and cryptocurrency trading, accepting and relationship with it is fully illegal and if the authority can track, puts the users to the jail and more harassments. Everything we are doing behind the eyes of the authority. :)
But Govt are thinking about it. Hope very soon we may get positive results.
« Last Edit: January 29, 2021, 04:21:43 AM by Malam90 »

Offline 0t3p0t

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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #12 on: January 29, 2021, 05:10:26 AM »
I am from a country where Bitcoin and cryptocurrency trading, accepting and relationship with it is fully illegal and if the authority can track, puts the users to the jail and more harassments. Everything we are doing behind the eyes of the authority. :)
But Govt are thinking about it. Hope very soon we may get positive results.
I believe one day your country will realize the importance of embracing Bitcoin as part of economic boost since it may generate tax on regulated local exchanges which will add revenue to fund projects. Less fortunate individuals will also take part on opportunities made by Bitcoin payments like offering services or buying goods it will also be convenient to use Bitcoin most especially during pandemic.

Offline XM8

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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #13 on: January 29, 2021, 06:57:12 AM »
Here in my country, some places accept Bitcoin payments but here in my area I don't have any idea if there is one. The problem is the internet which is slow since I am living in a remote area.

If you are given a chance to put up a business, do you mind accepting Bitcoin payments?
The situation is worse than Bitcoin so far, so I don't think local traders will accept Bitcoin yet.Because if you look at all the other countries in the world, one thing you must notice is that cryptocurrency transactions are now completely illegal in most countries of the world.Because if you look at all the other countries in the world, one thing you must notice is that cryptocurrency transactions are now completely illegal in most countries of the world. So I think when the global bitcoin aBecause if you look at all the other countries in the world, one thing you must notice is that cryptocurrency transactions are now completely illegal in most countries of the world. So I think when the global bitcoin are ligal all countries than local businesses in area accepting bitcoin.
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Offline krypto4uvak

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Re: Do some of local businesses in your area accepting Bitcoin?
« Reply #14 on: January 29, 2021, 08:40:04 AM »
If I had a business, then I would definitely accept payments in bitcoins because it is very cool, convenient and fast. And I think a lot of clients would be happy about it.
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