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

[rdluffy]

...

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

[enoch_from_off]

...

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

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.

[robelneo]

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 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.

[KryptoBull]

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 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.

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.

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.

[bhadz]

If my company is going to give that choice, I'd probably choose the 75/25 or 50/50 option. 75 and 50 salary while the 25 and 50 for the direct salary in Bitcoin. Well, these numbers are in percentages for the others to understand it easily.

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.

[36B]

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.

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.

[KryptoBull]

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.

All I can hope for right now is that businesses start rewarding customers with BTC, like 1K sat = 67 cent for every big purchase. Customers could either save these sats to sell for fiat later or keep them as a souvenir.

[0t3p0t]

1. Do you think BTC programs will be useful for companies in their efforts to reach users?
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. 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. Well, as a crypto enthusiast no doubt about that, it's a yes for me.
3. If given a chance to have a business, I definitely accept Bitcoin as payment of course.

[PX-Z]

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.

[royalRitta]

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.

[PX-Z]

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.

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.

[TomPluz]

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?

Unlike the fiat money, in Bitcoin there is a learning curve that a user has to undergo otherwise there is a big chance to lose the coins either to scam or to mistakes which can be irreversible as we are using the blockchain technology. In Bitcoin, there is no room for a mistake...everything has to be perfect and this can be a big issue with many people most especially those in the past generations or the seniors. No wonder many are really looking at Bitcoin as an investment first and foremost where one can easily forget that he bought some BTC and just come back later when the price has gone up astronomically. We have to remember that even in El Salvador, the government missed some goals in terms of widespread use of Bitcoin in people's everyday lives. Surely, there are barriers and I am hoping that as decades will go by they can be slowly brought down.

[KryptoBull]

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.

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.

Thanks for your valuable feedback! It's rare to find business owners who are brave enough to adopt BTC and share their experiences.

Using BTC directly on L1 with its 10-minute block time can be challenging for businesses. High fees and long wait times aren't ideal for customers. You should consider using L2 solutions like Lightning or Stacks. They offer faster transactions and lower fees while still leveraging the security of the Bitcoin network.

[Faisal2202]

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.

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.

[KryptoBull]

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.

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.

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.