1. Do you think BTC programs will be useful for companies in their efforts to reach users?I think the price increase of BTC does not affect us using it for payment or reward purposes, 1 BTC = 100,000,000 satoshi and it is easier when we calculate in satoshi.
Yes, of course, but eventually things would depend a lot on how the company can be able to leverage the power of Bitcoin to attract the attention of prospective customers. As for accepting Bitcoin, there are two major hurdles: the increasing transaction fees and the prevailing notion that one must continually hold on to one's Bitcoin as the price is continually climbing so that people prefer to be speculators rather than be a customer paying using BTC. Now, if there can be program that involves the paying customers not using BTC but would instead get BTC when they used fiat money then it can be good since we are deleting the speculative part. I am hoping that there can be similar programs for other goods and services as well but with the bullish season on the rage I doubt if companies would be adopting this idea right now.
2. Are you willing to receive rewards in BTC when using future services?
Of course, why not? Receiving cashback in Bitcoin can be good thing to get most especially if i used fiat money or even credit card to pay for something. This can be a very good idea though as what I said above there can be a conflict on timing as Bitcoin is now getting to be expensive. On my part, as the receiving end, I would surely welcome this option.
3. If you have your own company, are you willing to accept BTC or launch BTC programs?
In case am an owner of a business, I would gladly take cryptocurrency payments including BTC and it is all up to my customers to choose which options they would prefer to pay. s I am suspecting, though, the fact there has never been a sharp increase of companies and businesses accepting Bitcoin is a testament to the powerful speculative mania happening around Bitcoin. Many people, even including me, look Bitcoin like the real gold...very valuable but would not be using as a currency paying for mundane products and services as we know that accumulating the coins entails some hard work and effort. For sure I would not be using my BTC just to buy a cup of coffee or even to pay for my groceries. Just imagine this, you are paying $100 in BTC and an hour after that $100 could already be $110. But accepting, yes, there is no problem on that.
I’ve seen how it can help companies reach new customers and create buzz. A friend of mine took the plunge, and he’s been thrilled with the results—his brand visibility really shot up. Of course, there are risks with BTC since it can be volatile and unfamiliar for many.
I’ve seen how it can help companies reach new customers and create buzz. A friend of mine took the plunge, and he’s been thrilled with the results—his brand visibility really shot up. Of course, there are risks with BTC since it can be volatile and unfamiliar for many.Yes, I think that you could express your best opinion in your post. I am also agree to ready to adopt the BTC program for our company. We know that bitcoin is the best valuable crypto in cryptocurrency world. We also saw that gradually bitcoin price is increase day by day. I think that in future bitcoin price will hit $100k. So i believe that when will held in BTC program, it will be best opportunity for crypto currency users. Because we believe that BTC program also be best profitable in cryptocurrency world.
Hi
Considering the growing trend of BTC adoption among businesses, would you personally be inclined to engage in services that offer BTC as a reward, and how might this influence your purchasing decisions?
It's great to see these initiatives, and to see Bitcoin being used as a payment currency too, rather than just accumulatedTechnological barriers to using self-custody wallets and interacting with blockchain continue to hinder the adoption of crypto in daily payments. I believe that when we have more solutions for user interaction, crypto can seamlessly integrate into everyday life, just like making payments with a mobile app, as long as it complies with legal regulations.
In my situation, I work in a small company, and the clients are not crypto users at all. Many customers still have problems with digital payment on their credit/debit card or don't quite understand how to set up an online account, so it's very difficult to set up crypto payments.
I don't think I could manage even 5 crypto sales in a whole year, so I can't implement it here.
However, natively digital services are very good at offering the option to pay with BTC and should have a good rate of crypto payments, since their users are familiar with cryptos and don't have so many difficulties making this type of payment.
When it comes to crypto payments, I think we're a long way behind, and we need to evolve a lot
I would like to know your opinion on the wave of BTC adoption by companies:1. Maybe it will depend on each company, its readiness, and how the environment is there. Then the most important thing is about the regulation of the use of crypto as payment. Well, maybe this will be different in each country. But for global companies, the big companies, this might be quite helpful to do global integration with crypto, with its ups and downs. It's just that in my country, that won't happen. Because crypto is legal only as a commodity asset while as a means of payment, it is illegal. That's why it seems like it will be difficult to realize this.
- Do you think BTC programs will be useful for companies in their efforts to reach users?
- Are you willing to receive rewards in BTC when using future services?
- If you have your own company, are you willing to accept BTC or launch BTC programs?
Its a very lucrative idea for an organization to have interest on including bitcoin as part of its payment medium, this will help many to have more interest in using their platform for patronage, also, it will help make the payment for their services more done in a suitable and convenient way, already, we have lots of organizations accepting for the use of bitcoin and so also many were into this quite long before it helps them achieve their financial goal under a decentralized network.It is actually a good idea to use bitcoin as a payment method because we can make transactions more easily whenever we want. But in some countries bitcoin is still prohibited as a payment method, will it be against the law if in my country it is prohibited to make tsn transactions because it is only allowed for investment.
It is actually a good idea to use bitcoin as a payment method because we can make transactions more easily whenever we want. But in some countries bitcoin is still prohibited as a payment method, will it be against the law if in my country it is prohibited to make tsn transactions because it is only allowed for investment.This is a legal issue and is decided by governments. Currently, many governments have accepted BTC as an asset, even the Chinese government thinks so, but only El Salvador dares to accept BTC as a means of payment because they don't have their own fiat currency.
...Technological barriers to using self-custody wallets and interacting with blockchain continue to hinder the adoption of crypto in daily payments. I believe that when we have more solutions for user interaction, crypto can seamlessly integrate into everyday life, just like making payments with a mobile app, as long as it complies with legal regulations.
The people of El Salvador have been able to easily make payments with BTC through Lightning and the Chivo crypto wallet app. This could be a truly widespread use case for crypto payments, on a national scale, and deserves to be studied by other governments.
...Technological barriers to using self-custody wallets and interacting with blockchain continue to hinder the adoption of crypto in daily payments. I believe that when we have more solutions for user interaction, crypto can seamlessly integrate into everyday life, just like making payments with a mobile app, as long as it complies with legal regulations.
The people of El Salvador have been able to easily make payments with BTC through Lightning and the Chivo crypto wallet app. This could be a truly widespread use case for crypto payments, on a national scale, and deserves to be studied by other governments.
Exactly, it's a huge technological barrier and even though Bitcoin is easy to use for us, it still hasn't managed to overcome it for those who don't know much about technology
Not only do these people need to know how to use a wallet, they also need to know the most important thing: Why use Bitcoin?
In this sense, I agree with some people that we are still at the beginning
It is actually a good idea to use bitcoin as a payment method because we can make transactions more easily whenever we want. But in some countries bitcoin is still prohibited as a payment method, will it be against the law if in my country it is prohibited to make tsn transactions because it is only allowed for investment.
If Bitcoin is not yet allowed, then don't do it until such time that your government permits the owners of business establishments to do so.This survey aims to gauge the sentiment of community members, independent of legal considerations. Sometimes, laws must evolve to meet the needs of the people, as governments are formed by the will of the people and are tasked with ensuring those needs are met.
This survey is for those in countries where they allow payment through Bitcoin. In our country, many companies already accept Bitcoin and other Cryptocurrencies if Cryptocurrency is legal in your country, you can use it as a payment processor. A country with many Bitcoin holders is good for one's business.
With time going on, more people will get it and hop onto the train, some - later, some - earlier, however, the possibility will still be there for everybody. That's the beauty of it.It is only a matter of time while I am seeing employers and companies now paying with some stable coins. I guess that many of them are willing to adopt paying their people in BTC if they're going to give it as a choice then, many will be testing that out. I can imagine how a company is going to do that and every before payday, the employee is set to opt for that option.
This survey aims to gauge the sentiment of community members, independent of legal considerations. Sometimes, laws must evolve to meet the needs of the people, as governments are formed by the will of the people and are tasked with ensuring those needs are met.Inspired by the fact that, in most countries today, Bitcoin cannot be utilised as a medium of exchange, therefore, underlining the need by stakeholders from all facets of society to lobby for appropriate legal conducive structures that will encourage innovation. In this respect, one of the tasks is to guarantee that regulations do not only serve to secure that use of crypto in economic activities, but also encourage it. According to Chainalysis, the global crypto adoption has surged in countries with progressive rules, Vietnam and India are some of the countries with the highest usage rates. Therefore, society, business, and governments in many countries need to act collectively so that the use of cryptocurrencies legally expand, and safely develop without being excluded by the restrictive administrators.
Currently, many countries still do not allow direct BTC payments, making its immediate adoption a legal risk. Businesses should advocate for solutions to this issue, urging governments to establish a legal framework for crypto. Financial innovation should be driven by the collective efforts of people across many nations, not solely dependent on the subjective approval of conservative governments.
Inspired by the fact that, in most countries today, Bitcoin cannot be utilised as a medium of exchange, therefore, underlining the need by stakeholders from all facets of society to lobby for appropriate legal conducive structures that will encourage innovation. In this respect, one of the tasks is to guarantee that regulations do not only serve to secure that use of crypto in economic activities, but also encourage it. According to Chainalysis, the global crypto adoption has surged in countries with progressive rules, Vietnam and India are some of the countries with the highest usage rates. Therefore, society, business, and governments in many countries need to act collectively so that the use of cryptocurrencies legally expand, and safely develop without being excluded by the restrictive administrators.I don't think using stats to justify using BTC for payments really works. Instead, it's more about investing in BTC as a store of value or a speculative asset. Here in Vietnam, nobody dares to use BTC for payments because it could land us in jail.
1. Do you think BTC programs will be useful for companies in their efforts to reach users?1. Given the evolution of fiat into transition with being cashless I think yes because the numbers of user who are now into crypto specifically Bitcoin investment keeps on increasing due to the fact that they knew how vulnerable fiat with inflation therefore they choose Bitcoin and that is how programs became useful in reaching their users. We are not going back in the past but instead leap into the future of currency and investments.
2. Are you willing to receive rewards in BTC when using future services?
3. If you have your own company, are you willing to accept BTC or launch BTC programs?
1. Do you think BTC programs will be useful for companies in their efforts to reach users?It depends on the company and its target market, but usually it will always reach new set of users, the question if they will be regular coz it will based on their service.
2. Are you willing to receive rewards in BTC when using future services?I don't get this about those future services.
3. If you have your own company, are you willing to accept BTC or launch BTC programs?I did and there are only a few users used it since at least 1 confirmation depends on the fee and network status and average of 10 minutes, people's patience is something to consider as well as the fees. Because compare to other payment options it doesn't need any fees as well as its instant process. Btw i used in my ecommerce site.
2. Are you willing to receive rewards in BTC when using future services?I don't get this about those future services.
If that's the case, yes, as i already did it, why using words "rewards" too, also if who doesn't like rewards anyway especially if you are in a business.2. Are you willing to receive rewards in BTC when using future services?I don't get this about those future services.
Basically, would you like to be paid for some services in BTC?
In the future.
Exactly, it's a huge technological barrier and even though Bitcoin is easy to use for us, it still hasn't managed to overcome it for those who don't know much about technology. Not only do these people need to know how to use a wallet, they also need to know the most important thing: Why use Bitcoin?
It depends on the company and its target market, but usually it will always reach new set of users, the question if they will be regular coz it will based on their service.Thanks for your valuable feedback! It's rare to find business owners who are brave enough to adopt BTC and share their experiences.
I don't get this about those future services.
I did and there are only a few users used it since at least 1 confirmation depends on the fee and network status and average of 10 minutes, people's patience is something to consider as well as the fees. Because compare to other payment options it doesn't need any fees as well as its instant process. Btw i used in my ecommerce site.
Currently I am managing books for a business and if I have the option to avail BTC as payment method (considering the crypto is considered legal in my country) I will still be facing many problems besides the fee. The customers belong to farming sectors and they don't know a thing about crypto so if I be putting a banner there saying you guys can pay in BTC they will first ask what's it and then they will say nah we are good with fiat.BTC is merely an optional payment method; customers can still use fiat if they prefer. Other customers may choose to pay with BTC, and you can reward loyal customers with a few thousand satoshis (worth about 1-5 USD) to pique their interest and introduce them to an asset they may have only heard about on TV or the internet.
They have to convert their fiat into BTC and then have to pay us with that money, as the adoption of BTC and digital currency is so low in my region but most of the people do know about (especially young ones) telegram bots telegram so they basically into this field for money and they won't pay $2 to $7 in paying fee.
I have not used BTC for Payment Method to only use it as an investment because my goal is to find profits from my investment.
BTC is merely an optional payment method; customers can still use fiat if they prefer. Other customers may choose to pay with BTC, and you can reward loyal customers with a few thousand satoshis (worth about 1-5 USD) to pique their interest and introduce them to an asset they may have only heard about on TV or the internet.
At this stage, BTC isn't the most efficient or optimal payment method for the average user. A BTC payment system would primarily serve as a marketing tool to attract potential customers to our business.
BTC is merely an optional payment method; customers can still use fiat if they prefer. Other customers may choose to pay with BTC, and you can reward loyal customers with a few thousand satoshis (worth about 1-5 USD) to pique their interest and introduce them to an asset they may have only heard about on TV or the internet.That's a good idea, giving special discounts on special items to special customers, this line will really attract and motivate more customers to adopt BTC but as I said I am considering the BTC is legal in my country while it has yet to be announced by government they are not making it legal so I can't just motivate customers to pay me in BTC or any digital currency.
At this stage, BTC isn't the most efficient or optimal payment method for the average user. A BTC payment system would primarily serve as a marketing tool to attract potential customers to our business.
That's a good idea, giving special discounts on special items to special customers, this line will really attract and motivate more customers to adopt BTC but as I said I am considering the BTC is legal in my country while it has yet to be announced by government they are not making it legal so I can't just motivate customers to pay me in BTC or any digital currency.I agree, we need to wait for clear regulations from governments. Otherwise, crypto could turn into a risky asset that could land us in legal trouble. Many governments see the potential of crypto and the appeal of tax revenue from it, but they also have to be cautious not to undermine fiat's position in the economy. We need to be equally cautious.
BTC is not efficient for a average user that's right, but I have to overlook too like if the taxes on crypto are high then I will prefer fiat, and if not then I will definitely prefer crypto and as of now there are no taxes on crypto. Short story is I am ready if my government is ready.
I want to adopt Bitcoin in my new business. I want to have a payment method of bitcoin with fiat currency but i have same problem that is legal hurdle. But I will ignore that and try to accept bitcoins from clients I know. I'm sure the use of Bitcoin will grow exponentially once the government approves it. And even the approval takes some time, Bitcoin usage will continue to grow.I have not used BTC for Payment Method to only use it as an investment because my goal is to find profits from my investment.
BTC is merely an optional payment method; customers can still use fiat if they prefer. Other customers may choose to pay with BTC, and you can reward loyal customers with a few thousand satoshis (worth about 1-5 USD) to pique their interest and introduce them to an asset they may have only heard about on TV or the internet.
At this stage, BTC isn't the most efficient or optimal payment method for the average user. A BTC payment system would primarily serve as a marketing tool to attract potential customers to our business.
I see Bitcoin is very good to be used as a means of payment, unfortunately in my country it has not been used and has not been allowed by the government so we still use Fiat for payment.
I agree, we need to wait for clear regulations from governments. Otherwise, crypto could turn into a risky asset that could land us in legal trouble. Many governments see the potential of crypto and the appeal of tax revenue from it, but they also have to be cautious not to undermine fiat's position in the economy. We need to be equally cautious.I agree with you proper regulation will not only give mind relaxation to us to work openly without any fear but they will also motivate others to adopt this technology with time it will become famous but as you said they also have to look out for the fiat currency. If people would be using BTC and not fiat then that's a pressure for them as they have to maintain the demand and supply.
Currently, the Lightning Network's infrastructure is capable of serving the need for fast and convenient BTC payments. I hope governments won't be too greedy and impose excessively high taxes on crypto profits, like the 42% in some European countries. That's a way for them to stifle the growth of this market while avoiding criticism for being conservative in the face of the crypto wave.Governments will always be greedy and excessive tax is just permanent, I also hope they impose less tax for the long term success but yeah caring for the fiat currency in the first place is also necessary so.
Governments will always be greedy and excessive tax is just permanent, I also hope they impose less tax for the long term success but yeah caring for the fiat currency in the first place is also necessary so.Will it be permanent?
I want to adopt Bitcoin in my new business. I want to have a payment method of bitcoin with fiat currency but i have same problem that is legal hurdle. But I will ignore that and try to accept bitcoins from clients I know. I'm sure the use of Bitcoin will grow exponentially once the government approves it. And even the approval takes some time, Bitcoin usage will continue to grow.
If there is no any legal paper that regulate Bitcoin and crypto from your country, this will helps you to get more client instead of accepting it directly but most of the people that facilitate Bitcoin transaction use third party agreement and those agreements comes with terms and conditions with payment method, you need to pay them for using it on your platform.This won't be easy to push forward if people aren't confident in the government's regulations. In my country, a university once tried accepting tuition fees in BTC but had to stop immediately to avoid legal troubles.
It will be better than accepting everything on centralized exchange but if you don't have much clients, then you should just use the direct p2p payment method. Accept payment from anyone that is willing to buy your goods directly into your wallet.
That is true, uncertainty in regulation does make the adoption of BTC as a means of payment difficult especially when the existing regulations are still unfavorable. Self-interest to start using it clearly must be accompanied by a rationale so that safe implementation of the system is existent, in the absence of which participants are at legal risk. All of that to say that, while waiting for regulations that will give us certainty, we can put ourselves into a state of readiness to embrace this development in full, such that when the regulation is formalized we are ready to do it right.If there is no any legal paper that regulate Bitcoin and crypto from your country, this will helps you to get more client instead of accepting it directly but most of the people that facilitate Bitcoin transaction use third party agreement and those agreements comes with terms and conditions with payment method, you need to pay them for using it on your platform.This won't be easy to push forward if people aren't confident in the government's regulations. In my country, a university once tried accepting tuition fees in BTC but had to stop immediately to avoid legal troubles.
It will be better than accepting everything on centralized exchange but if you don't have much clients, then you should just use the direct p2p payment method. Accept payment from anyone that is willing to buy your goods directly into your wallet.
The same could happen with P2P BTC payments. If someone reports it, both the seller and the buyer could face issues. I think we should be ready to accept BTC payments as soon as it's allowed, but we also need to be cautious while waiting for clear regulations.
That is true, uncertainty in regulation does make the adoption of BTC as a means of payment difficult especially when the existing regulations are still unfavorable. Self-interest to start using it clearly must be accompanied by a rationale so that safe implementation of the system is existent, in the absence of which participants are at legal risk. All of that to say that, while waiting for regulations that will give us certainty, we can put ourselves into a state of readiness to embrace this development in full, such that when the regulation is formalized we are ready to do it right.Adopting BTC and crypto will take a long time, but it'll speed up once governments are forced to pass regulatory frameworks like the EU's MiCA. Until then, I think businesses can explore a new path: accumulating BTC like MicroStrategy and MetaPlanet have done, and they've seen huge successes.
This increases our exposure to vulnerability to situations whereby we are not ready to adopt new developments in the financial technology that is becoming more and more frequent. Even here, we can stay legal while taking advantage of new opportunities to learn about, prepare for, and use BTC effectively . Therefore, with increasing values patience, as well as with increasing adherence to the direction of policy, we can lay the conditions for a more solid foundation of BTC adoption stability in the future.
Yes, am willing to adopt the use of bitcoin as well as in the company in which i am, this will help even the other members to see and partake in the benefits of bitcoin adoption, because when they hold it, they are going to be profitable in it, not only that, it will also make payment so easy and more faster, when they all see the relevance of bitcoin being used a payment medium, by name and impact will never be forgotten over for life because of this great achievement made through me.Well, Opening the door to bitcoin in the company is a smart move that will not only bring financial benefits, but also strengthen the ease and speed of transactions. By involving team members, we create opportunities for them to experience the long-term benefits of bitcoin, so that more people believe in its power as a relevant means of payment.
I would like to know your opinion on the wave of BTC adoption by companies:Yes, if it is possible, then I will do it... because I myself know a little about Bitcoin... as long as it does not conflict with the laws or laws of the country, I will adopt BTC for the payment method if I have a company... even this is like a campaign for those of us who want to spread BTC in our area, or if our company moves online, it actually spreads BTC to a wider area.
- If you have your own company, are you willing to accept BTC or launch BTC programs?
Yes, am willing to adopt the use of bitcoin as well as in the company in which i am, this will help even the other members to see and partake in the benefits of bitcoin adoption, because when they hold it, they are going to be profitable in it, not only that, it will also make payment so easy and more faster, when they all see the relevance of bitcoin being used a payment medium, by name and impact will never be forgotten over for life because of this great achievement made through me.I'm excited to hear about your plans to integrate BTC into your business operations. I think you should also consider adopting a strategy of accumulating BTC using a percentage of your profits. This approach has proven successful for companies like MicroStrategy and El Salvador, significantly enhancing their brand recognition and appeal.
Will it be permanent?I don't know if my government will ever make crypto legal or not (not to mention again). They once made it legal but after they changed the decision and made it illegal. But it was not legal for so long that a proper taxation system was put in place.
But as far as I know, it will follow how the next policy may be changed according to conditions or corrected so that taxes are in accordance with the proper conditions.
Now that Bitcoin is fully regulated, it may be an advantage for bitcoin, but taxes will also follow how bitcoin develops.
In my country, taxes are adjusted to the regulations that are being implemented, and the local exchange is the taxpayer of the transactions that occur, and the exchange imposes taxes on every trade made. It is quite fair.
Many companies are accepting bitcoin in their companies now. I read a story last week that Microsoft is planning to invest in bitcoin and before that news came to my News feed then it has been online for weeks so I don't know by now if he has already invested in bitcoin or still on the process.If Microsoft officially invests in BTC or a spot BTC ETF, it would be huge news for the entire market, and I wouldn't be surprised if it happens. Crypto companies like Binance, Tether, Coinbase, and Circle have seen their stock prices soar, and so have public companies holding BTC on their balance sheets.
And I have seen some retail stores accepting bitcoins in their businesses but the government I affecting them to publicly trade with customers but if anyone like to pay with bitcoin they accept. Mostly GSM, Handset Shops.
-snip-My government did not ban it completely because they also think that cryptocurrencies also need to be developed and become a place to get huge profits.
I am glad that it's not banned in your country, and you do have a fair taxation system. Paying taxes can be a big deal, but if the government can generate some revenues from it, then they must unban it. Fiat's reputation is necessary, and though crypto alone won't make it worse, they can maintain the Fiat reputation while allowing the use of crypto too. This will generate more income sources, and as a whole economy will prosper (not counting the fact of bad actors causing losses via scamming).
Crypto adoption in payment systems proved highly effective during the bullruns 2017 and 2021, as the potential of BTC and ALTs became a popular media topic. Companies embracing crypto instantly became more appealing and modern, easily gaining customer favor.
- Do you think BTC programs will be useful for companies in their efforts to reach users?
- Are you willing to receive rewards in BTC when using future services?
- If you have your own company, are you willing to accept BTC or launch BTC programs?
As per my current situation hasn't been legalized in my country yet and there is not any guarantee that when or how many years later that we can see the cryptocurrency in our country as a legal currency. So I can't guarantee that If I have launched a company in a recent time and want to adopt bitcoin.Are there any risks to your digital agency accepting BTC payments? Won't the government notice or investigate, putting you at risk? I hope you'll see big revenue and profits so you can accumulate lots of BTC, just like Mstr & Saylor are doing!
But what I can do currently I am already running a digital agency and where we were accepting the bitcoin payment and here I personal adopt the bitcoin 10 dollar in every week which is by the DCA and here I can say that even in future if I have opportunities to invest or adopt bitcoin via my company then I will do with the affordability of my company not like the Michael Saylor.
Big companies also don't want to miss this opportunity, they also want to receive benefits from BTC. Investing or accumulating BTC may only be feasible for a few companies like MicroStrategy or Tesla, but accepting payments seems to be more accessible and deployable for the majority of companies in the economy. And the truth is that up to now, many companies have accepted BTC payments such as Wikipedia, Microsoft, AT&T, KFC [1]. Travala.com, a leading crypto-friendly travel agency, also accepted early payments for its service using about 100 different tokens, including BTC [2].
- As the title goes on, if I have a business here in our country, I will not hesitate to make Bitcoin one of the payment options. Whether the price of bitcoin rallies or falls, that's fine with me because I know that bitcoin is a volatile asset, and I accept that.In my country, bitcoin is not yet allowed as a payment method, so I cannot adopt bitcoin as a means of payment. Bitcoin is only allowed as an investment, but I am grateful when our government accepts bitcoin because we as investors feel protected by the state.
For me, it will add a way for me to save bitcoin while managing my traditional business. It's just that our government right now in our country is not that focused on the potential of bitcoin; instead, they are even heating up the foreign crypto exchanges.
In my country, bitcoin is not yet allowed as a payment method, so I cannot adopt bitcoin as a means of payment. Bitcoin is only allowed as an investment, but I am grateful when our government accepts bitcoin because we as investors feel protected by the state.Same like my country, even thou it is not allowable that Bitcoin can be used as an instrument of payment, it can be utilized as an investment. The approval from the government gives assurance to investors as it shields us in managing investment in the crypto space.
I have a business but the consumers are local and bitcoin is not yet known by many people in our country, they only hear the news but do not have it.
My government did not ban it completely because they also think that cryptocurrencies also need to be developed and become a place to get huge profits.Most of the smart and educated governments of developed countries have not banned the usage of crypto instead they allowed it and helped their citizens to make money and they are also making money from their citizens in terms of taxes. I as said before why won't your country or any other country allow crypto to worry about the health of their fiat?
By regulating as a set of commodities, trade can be carried out but must not be used as a legal medium of exchange other than fiat.
This is enough in my opinion and will certainly continue to be developed so that crypto can be a profitable and safe investment platform with regulations that have been given by the government.
Are there any risks to your digital agency accepting BTC payments? Won't the government notice or investigate, putting you at risk? I hope you'll see big revenue and profits so you can accumulate lots of BTC, just like Mstr & Saylor are doing!As you know me here the government will also know me as the same way. I gave the privacy more important so my services to my client will done by securing my privacy so I don't have any problem to accepting bitcoin payment here. Yes I faced issues sometimes with the volatilities but it's not that kind of big problem for me.
DCA 10 USD per week could be a safe start to a serious long-term investment strategy. Once crypto is officially recognized in your country, you can confidently allocate more of your assets to BTC for greater returns than traditional savings or other markets.
- As the title goes on, if I have a business here in our country, I will not hesitate to make Bitcoin one of the payment options. Whether the price of bitcoin rallies or falls, that's fine with me because I know that bitcoin is a volatile asset, and I accept that.In my country, bitcoin is not yet allowed as a payment method, so I cannot adopt bitcoin as a means of payment. Bitcoin is only allowed as an investment, but I am grateful when our government accepts bitcoin because we as investors feel protected by the state.
For me, it will add a way for me to save bitcoin while managing my traditional business. It's just that our government right now in our country is not that focused on the potential of bitcoin; instead, they are even heating up the foreign crypto exchanges.
I have a business but the consumers are local and bitcoin is not yet known by many people in our country, they only hear the news but do not have it.
In countries where Bitcoin is not supported by the government and in countries where the use of Bitcoin is prohibited, the plan to adopt Bitcoin in business is definitely not possible. As people's attraction to Bitcoin is increasing worldwide, every country will try to adopt Bitcoin quickly. And before that, Bitcoin must be legalized. There are countries that initially had a strict stance towards Bitcoin but are trying to move away from that stance. Some are also researching how to adopt Bitcoin. And those who are still trying to stay away from Bitcoin are sure to be left behind by the competative world.In my country, bitcoin is not yet allowed as a payment method, so I cannot adopt bitcoin as a means of payment. Bitcoin is only allowed as an investment, but I am grateful when our government accepts bitcoin because we as investors feel protected by the state.Same like my country, even thou it is not allowable that Bitcoin can be used as an instrument of payment, it can be utilized as an investment. The approval from the government gives assurance to investors as it shields us in managing investment in the crypto space.
I have a business but the consumers are local and bitcoin is not yet known by many people in our country, they only hear the news but do not have it.
My government has often discussed Bitcoins and other digital currencies, but accepting Bitcoin and other digital currencies based on Cryptocurrency has not yet been legally permitted. Nonetheless, as the news about Bitcoin spread, there is a chance that its comprehension and demand will evolve in the future, which will create fresh chances.
In countries where Bitcoin is not supported by the government and in countries where the use of Bitcoin is prohibited, the plan to adopt Bitcoin in business is definitely not possible. As people's attraction to Bitcoin is increasing worldwide, every country will try to adopt Bitcoin quickly. And before that, Bitcoin must be legalized.Yes, one should avoid doing any business with Bitcoin in banned countries because if there's legal action against it in a country then at least from business perspective it's not worthwhile however if someone is into investing then that could be still done but of course in a stealth way.
Yes, one should avoid doing any business with Bitcoin in banned countries because if there's legal action against it in a country then at least from business perspective it's not worthwhile however if someone is into investing then that could be still done but of course in a stealth way.BTC's profit potential is undeniably enticing, but I believe it's not enough to convince businesses to risk their future on it just yet. They'll be hesitant to accept BTC payments until governments provide clear regulations and guidelines. While they can store BTC since no one can stop them from buying and holding it, that's a different story.
Yes, we all know that Bitcoin is getting attention of most countries and now almost everyone knows what Bitcoin is and how it works. The ETFs have helped it a lot and there's chance that in future most countries will somehow allow use of Bitcoin or consider it as a valuable reserve storage.
You are right, although we have seen bitcoin has proven that the price of bitcoin is getting more expensive every day, but there are still doubts among business people to accept bitcoin as a payment method because maybe in some countries the government has not allowed bitcoin as a payment method.Yes, one should avoid doing any business with Bitcoin in banned countries because if there's legal action against it in a country then at least from business perspective it's not worthwhile however if someone is into investing then that could be still done but of course in a stealth way.BTC's profit potential is undeniably enticing, but I believe it's not enough to convince businesses to risk their future on it just yet. They'll be hesitant to accept BTC payments until governments provide clear regulations and guidelines. While they can store BTC since no one can stop them from buying and holding it, that's a different story.
Yes, we all know that Bitcoin is getting attention of most countries and now almost everyone knows what Bitcoin is and how it works. The ETFs have helped it a lot and there's chance that in future most countries will somehow allow use of Bitcoin or consider it as a valuable reserve storage.
I think BTC adoption should start with governments, for example, by accepting BTC for taxes from citizens and classifying it as a legally protected asset. Only then will businesses have the confidence and foundation to explore this new asset class.
You are right, although we have seen bitcoin has proven that the price of bitcoin is getting more expensive every day, but there are still doubts among business people to accept bitcoin as a payment method because maybe in some countries the government has not allowed bitcoin as a payment method.Let's face it: businesses can still survive and thrive with their existing customer base, even without accepting BTC. If they choose to accept BTC, they'll gain a few more customers from the crypto market, but they'll also face legal risks. Typically, they'll opt out of crypto opportunities and wait for a more suitable and secure time for their business.
The government's regulation and permission are very necessary in this case.
Adopting a BTC program can be a strategic move for a company, depending on the business goals and specific benefits of Bitcoin in its sector. Accepting Bitcoin for payment can open up new revenue streams, especially for businesses with tech-savvy or international customers. BTC can reduce transaction costs compared to traditional payment methods, especially for cross-border transactions. Adding bitcoin to a company's balance sheet, as some companies like MicroStrategy have done, can act as a hedge against inflation or fiat currency volatility. This may appeal to companies looking for long-term store-of-value assets. Integrating Bitcoin can increase a company's brand appeal within the crypto community and demonstrate an innovative edge. This may be particularly relevant for tech companies or those targeting a younger, digital-native demographic. Adopting BTC for businesses can be transformative, but it requires planning, risk assessment and careful integration with existing financial processes.I’m so excited to hear that more and more companies are jumping on the BTC bandwagon! It’s only a matter of time before they start accepting BTC payments, which means they’ll be able to accumulate more BTC directly from their customers instead of relying on exchanges.