Should Malls accept Bitcoin payments?

[Chibson]

That may not be possible now, but I think with the way cryptocurrency is growing and many people accepting it, in the nearest future malls and retailers will start accepting bitcoin as a form of payment.
Cryptocurrency is really growing very fast and many people adopting it as a form of payment and it is very secure and decentralized. So this is bound to happen.

 

[Ayokex]

It will be very good if shopping malls are accepting crypto currency because it will enhance the ease operation. Crypto currency make things go round easily. The payment system will be easier and every other aspect of the transaction. The only obstacle to this would be the government.
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It will be very good if shopping malls are accepting crypto currency because it will enhance the ease operation. Crypto currency make things go round easily. The payment system will be easier and every other aspect of the transaction. The only obstacle to this would be the government.

 

[KvngMurphy]

That's impossible for the government to allow as thy would want to get VAT from every single transaction a person mawIt would be an excellent idea for malls to accept Bitcoin as payments Because it would help in technological advancement of the country.

 

[Jlife]

there are a lot of people that I've been buying something in the mall but they do not have a lot of understanding about cryptocurrency and for me personally I don't see the need for Mel to accept cryptocurrency of payment because of high wedrawal or transaction fee.
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there are a lot of people that I've been buying something in the mall but they do not have a lot of understanding about cryptocurrency and for me personally I don't see the need for Mel to accept cryptocurrency of payment because of high wedrawal or transaction fee.

 

[Damscooguns73]

Concerning if malls should accept bitcoin payments. Well, I think there is nothing wrong with malls accepting bitcoin payments since it is fast and reliable, the problem will be the high transaction fee they charge for transactions and the volatility too might cause problems because there is going to be price variation

 

[Janita]

I am not sure about this thing that as we all know that every impossible work is converting into possible task so it is not hard to government that they will not accept the cryptocurrency for shopping malls but I think that it will be hard for those people who cannot have their cryptocurrency because there will be a transition between cryptocurrency so no one will be ready to get this but I am not really sure that government will accept this and even I don't have much idea about this so I am also in search that what will be the reaction of the government if it happen.

 

[Mawome]

I don't think it's possible cos Bitcoin is a had currency, I mean it's too high and it's not the type of money you Cary around anyhow, the money is extremely had and had to get, the network fee is too high, so it won't work if they are to use it as the normal currency, is risky.

 

[Kelly5]

I guess it is the shopping malls that will decide if they want to accept Bitcoin payment as a means of payment or not. But they will still have to abide by the rules of the financial institutions in which they operate. Hence the government is the determinant factor here

 

[ahmedo24]

I guess it is the shopping malls that will decide if they want to accept Bitcoin payment as a means of payment or not. But they will still have to abide by the rules of the financial institutions in which they operate. Hence the government is the determinant factor here

You are right, no body can force them to accept Crypto Currencies but if they feel they can manage the volatile nature of the Crypto currency , it is definitely going to be a thing of choice , some malls already accept Crypto currencies.

 

[Ebuka Stephen]

Well it depends if the transactions will be fast then why not, it will be really bad if one should order for a food and the bit coin transactions take time , it could make one get frustrated, but for malls I think its nice since now a days companies are adapting to bit coin payment even teslas the company owned by Elon musk have started to receive bit coin payment

 

[Veetos12]

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.

If we advise that malls should accept crytocurrency as a means of payment, it is not a bad idea but there is a constraint that restricts its use in my country because the Central bank of Nigeria has placed a ban on its exchange.

 

[Nomad]

If you had asked me this question, one year ago, I would have said yes. But now I thin you should not use bitcoin as a payment form, it is too precious to be sued for buying goods

 

[BrolySSJ]

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.

I think that it is actually quite risky in order to accept cryptocurrency as a form of payment because if the price of a coin had to decrease the store would actually be running at a loss. However if it is immediately converted to a stable coin then it could be a good Avenue to pursue.

 

[Justin]

I cannot imagine the malls in my country accepting bitcoin payment because bitcoin and all other crypto currencies are illegal in my home country. You are not allowed to use or invest.

 

[HayKay]

I foresee this happening; I recently came across an article that showed something like a cryptocurrency ATM located somewhere in Barcelona, Spain.
If things like this are already happening, I see a more widespread adoption.

 

[greenie]

Accepting cryptocurrencies as a medium of payment by stores supermarket malls and the rest of them depends on the opinion of the owners of those businesses. if the owners of the businesses feels that cryptocurrencies is okay by the business then he will accept it but if he decides that cryptocurrency is not good enough for his business then there's nothing you can do about that.

 

[Kaffyfolla]

To my own view the businesses should accept cryptocurrency because payment can avoid these middleman fees placed on transactions by financial institutions which makes prices high

 

[Skysaint]

The issue around here is that it has been banned by the government and I don't think anyone would be that careless to accept payments in cryptocurrency in a country with such laws. But for places where it's legal, it will be encouraged.

 

[eLdavis]

I don't really think Bitcoin is good as a means of payment in malls because of its nature. Form time to time, the price of Bitcoin changes, which means malls would have to always change the price of their goods and services from time time as well, unless they plan on making losses as whenever the price goes down.