This is an editorial opinion piece by Doug, founder of Bitramp and local bitcoin proponent on the ramp.
The most traveled path in exchanging fiat for access to Bitcoin involves using the services of exchanges, as they are the route that is marketed, considered the most convenient and suitable for fiat. To do that. This won’t always happen as options are popping up all around us, with one in particular removing the legacy system collision and providing access to Bitcoin for all. everyone. Everybody. What is the solution? First, let’s talk about the person who is forging this path. There are two main groups that will help distribute this solution into local communities – Bitcoin meetups and small businesses. This transition is well underway.
Bitcoin meetups are fast becoming the focus of Bitcoin education and development in any city. Weekly and monthly gatherings are taking place in many small towns and cities around the country, with more being established weekly. The meetups are where Bitcoin newbies and experts alike come together, educate and collaborate on ways to drive adoption in their local economies. In the many established meetups you will find leaders who are devoting their time and energy daily to building on Bitcoin. These are passionate individuals who care about Bitcoin and their community. A common question among meetup organizers and often asked by newcomers is “Where should I buy bitcoin?” The organizer can send them a referral code to any bitcoin-focused exchange after explaining some balance or personal preference and the beginner moves on to setting up another account. This is not necessarily the case.
Small businesses are the backbone of any local community and have the most to gain from adopting the Bitcoin standard due to increasing government intervention. Simply put, when you are forced to do business in fiat in a hyperinflationary environment, it will be very difficult for you to stay in business. The best thing any business can do is start accepting bitcoin as payment and start holding it in their reserves. It is therefore crucial to promote established small businesses everywhere to accept bitcoin as payment for goods and services. However, everyone overlooks that bitcoin adoption is not a time when many consumers have bitcoin, let alone be ready to spend it. To accept bitcoin payments, customers must have easy access to bitcoin. As it stands, the majority of people who walk into a store and see a discount on paying with bitcoin they want to avail, are forced to add something to their to-do list. walk out the door. This point of friction when approaching bitcoin reinforces consumer sentiment that bitcoin is too complex and not ready for retail.
If a Bitcoin meetup or customer of a local small business decides to embark on the journey to buy bitcoin on an exchange, they will be sacrificing a lot of time, privacy, and mental energy. to accomplish your goal. In the end, a person who gave up their identity to gain access to a database did not claim it. All that said, from verifying an account to transferring funds to an exchange, making purchases, and moving bitcoins off an exchange (provided they have the right incentive to do so), the process can take to a week or more. To make matters worse, this journey is completely recorded by the exchange, your bank, and the government.
There are several ways to get access to bitcoins outside of exchanges, but in my opinion there is only one easy and easily accessible way for everyone – Azteco’s Bitcoin voucher system. Azteco built a simple system with three steps: Find a supplier, buy a coupon (ideally in cash) and scan a QR code. If you don’t have one of the compatible wallets, you’ll need to download one on your mobile phone but ultimately this is an interaction that can take up to a few minutes. I find it to be a quick, easy and private process and it gives consumers full control of their Bitcoins in no time. For me, Azteco’s bitcoin voucher is bitcoin made easy.
This is something that is available around the world – however, in the US it is not. This is why BitRamp was created – to distribute access to Bitcoin vouchers to two groups that are gradually playing an increasing role in Bitcoin adoption; meetings and small businesses. I believe BitRamp, an Azteco partner, makes it easy for both groups to start offering courier services via bitcoin vouchers by significantly reducing the upfront capital required to do so. Now someone can attend the meetup for the first time and, within minutes, experience sovereign Bitcoin custody. A small business owner can now give customers access to the preferred payment of their choice in a fast, private, and very easy way.
Reunions and small businesses now have the ability to offer bitcoin coupons directly to their regular customers/attendants and newcomers, becoming bitcoin community participants. their copper. Meeting organizers no longer need to send newcomers to a home project to buy bitcoin on an exchange. Meeting organizers can now reduce friction and educate attendees about the value of a sovereign stack and empower them to take control immediately, without delay. Great to join and great for DCA, everyone wins with bitcoin coupons. And this is happening across the country – reunions are bringing this stuff to their attendees, and the response is strong. Plus, a small percentage of each sale goes to the meeting to support their ongoing efforts in their community. Attendees can support their local meetup using the best available means of purchasing bitcoin. Buy bitcoin locally and support adoption in your local community.
No longer do small businesses that understand the value of accepting bitcoin at checkout need to take customers away before they can experience bitcoin and participate in the incentive program. If a business wants to pass on credit card transaction savings to their customers and eliminate the risk of chargebacks, they have the ability to offer their customers bitcoin to support that decision and experience the Lightning Network. . They will certainly see an increase in sales in bitcoin if bitcoin is available to customers. Even if a small business doesn’t want to accept Bitcoin payments yet, they can view bitcoin coupons as a new item to sell in their store, a way to bring in a new customer base, and a way to capitalize on the popularity of bitcoin without coming into contact with bitcoin itself.
While many are sitting on the sidelines and waiting for anything to happen on a national or global scale, it is within the local community where these individual grassroots movements are shining a light on bitcoin for countries. their neighbours. Meetups and small businesses are driving adoption through education and interaction, showing their neighbors that they are no longer forced to give up their future monetary prospects for the future. a facility is searching and destroying. These community leaders can now add fuel to their fire with bitcoin coupons and make Bitcoin available for everybody in their community, while they educate and reach the next billion users.
This is a post by Doug. The opinions expressed are entirely their own and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.