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

[Hisbullah]

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 have not used BTC for Payment Method to only use it as an investment because my goal is to find profits from my investment.
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.

[Faisal2202]

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.

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.

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.

[KryptoBull]

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.

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 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.

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.

[Rubel007]

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 have not used BTC for Payment Method to only use it as an investment because my goal is to find profits from my investment.
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 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.

[Faisal2202]

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.

[taufik123]

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?
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.

[Gurujebs]

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.

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.

[KryptoBull]

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.

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.

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.

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.

[MRY]

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.

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.

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.

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.

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.

[KryptoBull]

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.

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.

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.

Right now, the big trend is to see BTC as a store of value rather than a medium of exchange. I don't have an opinion on this, but I don't think that's what all BTC users are thinking!

[Aanuoluwatofunmi]

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.

[Blaze]

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.

This decision will become part of the company's legacy, imprinted in the memory as an impactful achievement. Together, we are building a bold move that can be remembered for bringing real progress and broad benefits to all of us.

[bayu7adi]

I would like to know your opinion on the wave of BTC adoption by companies:

• If you have your own company, are you willing to accept BTC or launch BTC programs?

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.

[KryptoBull]

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.

Given the widespread awareness of BTC, many people will be eager to own and experience it, at least initially, even before fully understanding its value proposition. I believe that BTC's true potential lies in its ability to serve as a mean of payments, rather than solely as an investment asset.

[Faisal2202]

Will it be permanent?
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.

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.

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).