1000 DAYS OF STEEM : Steem Crypto Challenge Month -My favorite Cryptocurrency, how can we get businesses to accept it as payment?

in Italy4 years ago (edited)

Hi everyone, in this post I would like to make a company understand how positive the acceptance of a cryptocurrency is in terms of advertising.
Let's start with the fact that accepting cryptocurrency is completely legal, many companies and people think it is illegal, but it is not so !!
Then in my opinion it is a way to advertise, or even to expand your target customers even among cryptocurrency users.
Let's take the case of Bitcoin, the companies that accept it as payment are still in an embryonic stage, this leads local newspapers or online sites to advertise more companies that accept it, precisely because it seems something exceptional !!
Then you can ask that your company be included in sites that map in the Italian territory and not only the companies that accept bitcoins, they are still few so it would be appropriate to join as soon as possible.
In case you can request that your company be added to these sites, (so as to be visible to cryptocurrency users) criptomap, coinmap, openstreetmap.
I leave you the screenshot below

screenshot-coinmap.org-2020.10.01-08_31_12.png

screenshot-www.openstreetmap.org-2020.10.01-08_45_09.png

Certainly for the company at the beginning everything is a bit complicated so I recommend relying on people who make video courses on the subject.
Then in the case of bitcoin the problem is the price fluctuation, if you make a quote or a request for payment with an equivalent value in Bitcoin, since the value of Bitcoin also fluctuates heavily you may find yourself before receiving the payment to have a quote. with too low a sum because in the meantime the value of Bitcoin has dropped or after payment, if you receive and hold Bitcoin, maybe you can find yourself with less money in your pocket. You sell a product that costs 100, the bitcoin price goes down and you find yourself in your pocket 80, so you need to find a way to cover yourself from these price swings.
Fortunately, many companies have sprung up to solve these problems and one that I often use is BITPAY (see screenshot).

screenshot-bitpay.com-2020.10.01-08_29_38.png

There are many others besides bitpay, These companies essentially offer the possibility of blocking the amount requested from the customer for a certain amount of time, that is, I can accept Bitcoin but only receive Euros in your company current account, or accept Bitcoin and receive only Bitcoin or accept Bitcoin and receive a% in Bitcoin in your personal wallet and a% in Euro or local currency in your company bank account.
Of course, to do all this you have to pay a not so high commission even after a certain amount it is free.
You can even create pos devices for payment by simply using your tablet or smartphone and if you think about it the fees are much lower than those of a bank pos.
So my conclusion to the post is that in my opinion it is convenient to use crypto to get paid even if maybe if in the future there could be methods to streamline procedures it would be better, or being able to use stablecoins for payments, in that case there is no would be problems of price fluctuations.Let's see what central banks have in mind to do maybe the creation of a stablecoin by the central bank would solve the problem, we'll see.
Thanks for reading the post I hope it was useful to someone, I intend to publish more.
Until next time !!!

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the fees are much lower than those of a bank pos.

Yes, much lower than traditional bank pos.

or being able to use stablecoins for payments, in that case there is no would be problems of price fluctuations.

Stablecoins, by default, are the utility coins. They are e-commerce coins. Their creation is to absorb the fluctuations, volatility which the common man does not want to.

Have a great day.

Steem on.

#onepercent #india #affable

maybe the problem of stablecoins is the dollar / euro exchange ... it takes stablecoins in various currencies, what do you think?

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