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Should Malls accept Bitcoin payments?

  • Thread starter Thread starter Shivay
  • Start date Start date
bitcoin's another cryptocurrency is not a legalize mode of transaction in some countries that is why I don't advice mall to accept cryptocurrency as mode of payment because it's going to affect a lot of people who do not have an understanding of cryptocurrency except it will be optional.
 
Very well though not every country as asept the Bitcoin but it good to you Bitcoin to pay in mall than cash money we are in 21 centery no one want to go out with cash money anymore people want to start dealing with cryptocurrencie so mall should do anything as soon as possible to adopt to the new world policy but as time go many mall will be trading in cryptocurrencies soon
 
It is not a good decision to accept payment in crypto currency as it's exchange rate is not stable. If the cost price of an item is $5 and I sell for$7. What happens when the price value of the currency depreciates? I will loose.
 
It would have been a nice thing to see mall use bitcoin as form of payment, but let's not forget that cryptocurrency is volatile. And what about the high transaction fee? Who bears the fee? The seller of the buyer. This is a very big hindrance to this idea. My opinion.
 
I don't think mall should accept Bitcoin as a means of payment because the price of Bitcoin is not stable and the mall might end up not gaining the required amount
But the price might also increase
But it's better to stay on the safer side my accepting only cash
 
I think it would be nice if they would accept something like that because it will help prevent scarring of catapult and also make buying and selling transactions really easy it also every crypto so lot of things and getting it
 
Modern day business are suppose to accept bitcoin and not only bitcoin but other coins ad well since you can easily convert it to cash anytime you want.but I think many of them lack knowledge about crypto and they need to educate their selves about it in order to position there selves in the business world.
 
It shouldn’t be a must and I don’t think any mall should be pressured into taking payments in cryptocurrency knowing that the value might change either positively or negatively which may impact on the profits of the mall
 
If accepting cryptocurrency will make the transaction pretty much easier and faster, there is nothing stopping shopping mall from collecting cryptocurrency as means of exchange. In fact it will be good if they accept it as they are going to gain a lot does profit even in multiple folds. There is possibility that the cryptocurrency they accept might arise in price over a certain time. This will be double gay together with the profits they make in the mall.
 
In Africa we are still skeptical embracing this new edge. I am very sure it was the same altitude when the paper currency was introduced in Africa to replace cowries as means of payment so many years ago.

I am trying to find out if there's any business or shop in Nigeria that accepts bitcoin as means of payment.
 
Absolutely, the use of bitcoin should be allowed in the shopping mall. This is one of the reasons some government of some country are scared to embrace the crypto currency into legalising it. They believe that the acceptance will affect the value of fiat money.
 
If malls start accepting bitcoin payment it's going to be good and even to their advantage. But you know, it's not everyone that understands cryptocurrency or even block chain technology. A lot of persons are still yet to understand the concept.
 
Payment for services using cryptocurrency might not be a terrible decision afterall. But in terms of quick processing, can we vouch for it. Hope it won't be a situation where you pay for services and it takes a couple of hours before transactions will be received by the other party. Nobody enjoys the stress of waiting for confirmation of payment.
 
Sooner or later physical shopping mall will start accepting bitcion as a form of payment, most online stores do accept Bitcoin as a form of payment because it makes the transaction easier and faster. Crypto is the future.
 
It is going to take a while before malls start accepting payment in bitcoin. This is because bitcoin is not widely accepted the way it should be. But one day it will be and it will become a means of payment. We just need to exercise patience.
 
Sooner or later physical shopping mall will start accepting bitcion as a form of payment, most online stores do accept Bitcoin as a form of payment because it makes the transaction easier and faster. Crypto is the future.
 
Considering that bitcoin is a digital currency, it will be rare for actual stores to accept it as a payment method. ... You can use bitcoin to buy a gift card and then shop at those retailers or another one of the 200-some that they work with, including giants like Nike, Target and Starbucks. But in Nigeria, don't even think about it.
 
If they have the means to verify payment faster then they should accept Bitcoin. It's a technology that will surely rule the world but for now it is still in its infancy. There still need to be one or two apps that can make bitcoin investment very easy for public to transact
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If they have the means to verify payment faster then they should accept Bitcoin. It's a technology that will surely rule the world but for now it is still in its infancy. There still need to be one or two apps that can make bitcoin investment very easy for public to transact
 
Shivay said:
Today many investors like us are using bitcoin and we all want it to be accepted by the government
Apart from this even In my country , the government has started a case to ban bitcoin.
Do you think it should be accepted by your nearby places like Food Resturants , Shopping Malls and various other places?

Can we do anything to encourage it?
If someone takes this step maybe more Sellers will start it as a payment method.
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Accepting or not accepting Bitcoin in a mall is a matter of choice. However, accepting crypto currencies especially Bitcoin makes your mall wide open to great patronage from users of crypto currencies. It is a digital currency and lots of people want to trade with it.
 
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