Businesses have the advantage of accepting bitcoins but this requires the circulation of bitcoins. Also able to trade but there are many countries around the world where bitcoin is not legally recognized which may result in compensation. It wasn't before but as more people learn to use BTC, it could be a better payment method you don't have to be a technical person. Anyone can do it if the transaction system is more simple it will improve for the business.

New types of wallets can do more and easier than previous ones. But there's a trap: if some will consider bitcoin too easy they'll probably become too careless and could lose all because bitcoin transactions are irrevocable and you are fully responsible for your money. So we need a balance of easy interface with a remind of staying watchful. IMO bitcoin should never be too easy.

The first advantage that comes to my mind is tax avoidance through bitcoin transaction. But this is necessary mostly if you do freelance jobs, side jobs or trade random stuff.

For example I can trade my old or unused clothes on facebook market. We have such stupid system, that if through your bank account trading deals exceed specific amount, the government force you to register as individual entrepreneur and pax taxes, as "you get profit from your deal". Sounds absurd. I have already paid VAT when purchased that item, and sell it used below market price.

Or you can craft something. For example you are good at knitting and create merino wool scarfs. Earnings increases specific amount - you are very welcomed at tax center. Digging holes on weekends - ok. Doing it on regular basis at free time for your neighbors, but get paid regularly - share part of your income with government.

Or you are small company. To be able to survive and compete with huge chains and brand, you set price low as possible, just few percent above net cost. Share with government and go bankrupt slowly.

Imho bitcoin usage suits perfectly if you see yourself among my examples above.

In Nigeria, Bitcoin is very popular since other payment methods such as Paypal are banned and have difficulties sending money there. So I am not shocked by it, and I am just happy that a landlord like you is accepting bitcoin to pay the rent. It would be an easy transaction as there is no actual cash involved, and you will not see him on a monthly basis to collect rent. I am hoping that your other tenants will follow, or any new ones. Also, a quick question: how many people are currently paying you in bitcoin? Are there any new tenants that want to pay in bitcoin or cryptocurrency?

I have to say that bitcoin and business is a bit of a difficult place based on the business and not the payment method. There are some business models where it makes sense to use crypto because it allows you to get a lot more customers. For example in the gambling world, we had online gambling before crypto was invented, so we know there are companies that accept bitcoin payment.

However, we also know that crypto improved that world and biggest online casinos in the world are accepting crypto and that's a good thing. I mean we are dealing with something that is very very important and I believe that we shouldn't be doing it for business' that are outside of this scope, like a car mechanic accepting bitcoin won't change much.

Agreed, the transaction fee have got connection with the increase in the price of bitcoin. Over time the transaction fee have decreased and it have become common payment gateway. People felt the difference of transaction cost between the traditional ones and the bitcoin transaction. With bitcoin transaction people experienced the good of sending without limits whereas with banking it requires more process to be fulfilled.

It takes time for people to get used to bitcoin payment. For now limited locations have got bitcoin acceptance amidst the legality of the country. Slowly looking upon different stores and services offered for bitcoin acceptance we can experience all levels of people using bitcoin with ease.

Altcoins were developed over smart contract. Most of the places have bitcoin acceptance, in some places they've started to accept altcoins too. When we talk of bitcoin and cryptocurrency acceptance into business, it is step taken considering the future, because in few years time almost majority of the population will come to know about cryptocurrencies. What we do might profit us by then.

Nigeria being the next country to legalize the use of Bitcoin as a legal tender will actually be a long way still. Political Campaigns are actually ongoing and none of the candidates has even spoken to anything remotely close to that. All the news you would see coming from the country is personal acceptance, people that have come to understand Bitcoin and wishes to accept it in their Business. Hopefully, someday there might be a government that will reverse the ban by Financial institutes like Banks from Bitcoin transactions.

It would look really cool and the people who love the business are also people who already know Bitcoin in depth. Because for those who don't know how cool a business that uses Bitcoin is, maybe they will see the business as an ordinary business.

After all, by already using Bitcoin in a business, it doesn't mean that the business owner has to forget fiat for the old model of payment options. Because if the business owner wants more progress in his business, it means he must be able to provide better and easier service for every customer who comes to him.

Well, I suppose that people have a right to choose: if they already know that there is a decentralized alternative which returnes you a control over your own money, but anyway prefer old fiat system with a trust to a third party, then it is their choice and I respect that. Bitcoin is an alternative but not a must, and if some prefer to hate bitcoin... I can't support their choise, but it's still their choice.

And I think that's why even when mostly every business will accept bitcoin some people will still prefer fiat. Some prefer to trust a control over their money to a third party.