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Poll

Are you ready to adopt the BTC program for your company?

Yes, I am willing because BTC can help promote my company
No, BTC is still a high-risk asset that is unfamiliar to customers
I don't have a company, just want to check voting result

Author Topic: Are you ready to adopt the BTC program for your company?  (Read 4138 times)

Offline KryptoBull

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Re: Are you ready to adopt the BTC program for your company?
« Reply #60 on: November 08, 2024, 05:51:32 PM »
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, 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.
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.

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.

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Re: Are you ready to adopt the BTC program for your company?
« Reply #60 on: November 08, 2024, 05:51:32 PM »

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Offline legend45

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Re: Are you ready to adopt the BTC program for your company?
« Reply #61 on: November 08, 2024, 07:14:05 PM »
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, 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.
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.

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.
The government's regulation and permission are very necessary in this case.
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Re: Are you ready to adopt the BTC program for your company?
« Reply #61 on: November 08, 2024, 07:14:05 PM »

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Offline KryptoBull

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Re: Are you ready to adopt the BTC program for your company?
« Reply #62 on: November 09, 2024, 08:11:19 AM »
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.
The government's regulation and permission are very necessary in this case.
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.

This is precisely why I've always emphasized the need for clear legal frameworks for crypto in every country. Without them, businesses can only research the technology, train their staff, and prepare to integrate BTC into their business models in the future.

Offline Madmax789

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Re: Are you ready to adopt the BTC program for your company?
« Reply #63 on: November 10, 2024, 08:23:51 PM »
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.
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Offline KryptoBull

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Re: Are you ready to adopt the BTC program for your company?
« Reply #64 on: November 11, 2024, 09:48:24 AM »
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.

With TC price already above 80K USD, it’s no surprise that institutional investors are getting greedy. They can’t just sit on the sidelines anymore! I hope this will push governments to finally create clear regulations for BTC so that these big players can fully participate in the market. I can imagine the potential growth if they could join in and help bring more users to crypto :)

 

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