It is interesting to see the wide variety of businesses that have taken exception to the bitcoin payment system. Though the overall goal for bitcoin investors is for as many businesses and individuals as possible to accept bitcoin, it’s unique to see who some of the early adopters of the digital currency are. These businesses are looking for a more secure way to increase sales, and they all believe that bitcoin is the key to unlocking their success.
Top 5 Small Businesses That Love Bitcoin
CoinReport takes a look at the top 5 small businesses that welcome bitcoin.
5. Meltdown Comics
In an age where comic books can be downloaded online using smart devices, physical comic books are starting to become a thing of the past. However, that’s not holding back Hollywood’s Meltdown Comics from expanding into the digital realm. The realm of digital currency that is.
The Los Angeles comic book shop was the first of its kind to begin welcoming bitcoin payments earlier this year. The concept of allowing bitcoins to be used in the physical shop was to help bring in a new customer base, one that may appreciate paper comics to digital one’s.
General Manager of the shop, Francisco Dominguez, says that his 20-year-old company likes to stay relevant in the ever evolving world by changing with the times. What better way to change with the modern and digital world than with the newest and most advanced payment platform available. Francisco offers discounts to those who pay in bitcoin, and hopes that the digital coin may be his saving grace for his company to remain afloat.
4. Martin Print
Australian print and design company, Martin Print, is the first printing service (in Australia) to accept bitcoin. The Sydney-based service creates business cards, stickers, magnets, office stationery, brochures, and more for its clientele.
Owner of the company, Martin Russell, sees bitcoin’s ever-growing popularity as more reason for him to have taken notice. He views his venture as possibly pioneering the way for other companies to venture out into the bitcoin industry. Russell says:
“I genuinely believe that Bitcoin transactions will help keep Martin Print one digital step ahead of the competition. I’d advise any business to take a serious look at this new way of serving a chunk of the market. I am hoping our lead will cause others to follow”
Russell could not ignore the demand from his clients to allow them to pay him in digital currency. With his bold new move, he expects more bitcoin users to deal business with Martin Print. Perhaps one of them may need some brochures and pamphlets promoting an upcoming bitcoin event.
3. The Pizza Guys
Many restaurants are involved in the bitcoin movement, serving up delicacies for bitcoins.
The Pizza Guys has been around for a little over a year, and is not afraid to base its business around digital currency. Owners of the New York-style pizzeria, Rami Badawi and Amber Haque are committed to bitcoin. However, pizza prices aren’t listed on The Pizza Guys’ menu, due to bitcion’s volatility. Instead, those who wish to pay in bitcoin pay according to its value for the day.
The married couple stated:
“There were two reasons we got into Bitcoin. The first was for business. It offers another form of payment for customers and carries a lower transaction cost than a credit card. The other reason was that we see it as a wonderful social experiment that we want to participate in.”
Badawi and Haque are optimistic of bitcoin’s future, and believe its popularity will only spread out.
2. Bees Brothers
Bitcoin is becoming a favorable payment option for businesses to get behind. At least that can be said for one honey producing business.
Utah’s Bees Brothers began welcoming bitcoin before it got cool – back in January 2012. Operated by Craig Huntinger, Bees Brothers specializes in making honey-flavored caramels. Founded in 2008, Huntzinger even started up his own online honey shop. He says:
“Initially I was fascinated by this idea of decentralized money and wanted to support it.”
What appealed to the honey beekeeper the most was how easy it was to accept bitcoin, and how the digital currency allowed him to sell to people all over the world without exchange rates or fees. Transactions are made based on bitcoin’s denomination.
In both wholesale and retail, 50% of the Bees Brothers’ transactions are made through bitcoin.
1. New York City Newsstand
In January, a New York City newsstand owner located on 34th street and 2nd avenue introduced bitcoin into his crosswalk business. Kay, the owner of the stand, prides himself as being the first newsstand owner to implement bitcoin transactions.
Interestingly enough, Kay refuses to accept debit or credit card payments. He is a believer in bitcoin for its low to no cost transaction fees. However, he still takes cold hard cash. He says:
“I think it’s riskier dealing with credit card companies than it is with bitcoins. With credit card companies you have charge-backs, whereas with bitcoin you don’t.”
Kay hopes that his small business can make a big statement on how people deal with money on a day-to-day basis. Bitcoin is just like using plastic, only cheaper and does not require any personal information.
Small businesses have generally taken notice and may one day mature in a similar fashion. Bitcoin can get these small businessesto reach their full potential.
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