Sunday, June 15, 2014

Bitcoin Reddit Idea #0: Bitcoin Accepting Agent


Imagine some marketplace, where most sellers aren't accepting any credit cards. Everywhere around the world, especially in poorest countries, there's still so many places, where your debit or credit card won't get accepted, just because there's no such device.

Why owners missing such great opportunity? Why in 21st century every business owner can't afford simple POS terminal which expands customer base and flexibility and convenient service? (no change, electronic payments)
Because it is expensive to setup usual POS terminal. How much time and money does it takes to setup Bitcoin terminal - almost nothing - all you need is a simplest smartphone, Internet connection and Bitcoin application.

Now this opportunity. As Bitcoin community or entrepreneurs, we can find the ways, to improve our offline presence, just by offering local entrepreneurs who have their sales locations without any terminals.

You don't need to create your own iPhone/Android application to start helping everybody to accept Bitcoins, all you need is to persuade a business owner to purchase a smartphone and an Internet connection.
If you'll search good enough, then there's no doubt that cheapest new Android smartphone can be found locally just for ~$30 or $45 without contract. This is very good device to start accepting Bitcoins, and most owners need just that opportunity (and maybe some help with setting up an Internet connection, help in educating their cashiers on how to use the gadget to accept Bitcoin, also some web-site creation skills could be required so that you can create some place to redirect any users in your local Bitcoin community). Find such place which offers the cheapest phones, and now you know what you can recommend to the owner which is too greedy about investing into technology which can improve the quantity & quality of sales. And as an entrepreneur, you have the opportunity start providing network of convenient payments, and that's a great privilege - to be a pioneer in introducing new payment technology even if its only on your local markets.

Both of those things doesn't requires your investment, and requires minimal knowledge.
In order to provide customers for such businesses - you can just create some simple web-site or catalog of shops, where you gather together as much sellers as possible which is ready to accept Bitcoin for their purchases.

Also very good idea would be creating some service which helps to transfer funds to such sellers to whom you plan your visit - like purchasing used things, but, I already discussed it in the other articles.

Go back to original Reddit link post, and comment your thoughts on this idea: tell me more about yourself:
  • Where are you from?
  • How many markets (like groceries, stuff, etc) you have around you.
  • Did you saw any stores which doesn't offer any credit cards as a payment option?
  • What is the biggest obstacle which stops you from helping those people starting to accept Bitcoin?
  • What is the best option to monetize this idea?
  • What else obstacles can you predict which may occur during accepting payments?

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