Why should businesses use Monero? This question when answered will raise adoption objections of some kind.
If building a Monero circular economy requires the adoption and use of XMR payments from small and medium sized businesses, then potential objections must be preemptively addressed.
My background is in marketing. I’ve helped many small and large businesses grow and reach more users/customers.
The goal in presenting these insights with my unique experience in product/service adoption is to better equip you to persuade others to consider accepting Monero payments for their business.
Read: https://moneromaster.substack.com/p/adoption-objections
Here is the TLDR: When overcoming Monero adoption objections it is important to not only address a particular concern but to focus on the overall solution Monero presents to businesses that are relevant to their personal experiences and challenges.
In some instances, Monero payment processing can be 43 times cheaper than fiat. Businesses have an opportunity to increase their profits should they readily and widely accept Monero over digital fiat payments.
Many are feeling the weight of inflation and the rise of corporate and government overreach through technology. Presenting Monero as a solution in this context is a great first step in encouraging Monero adoption.
The convenience of transacting with Monero should likewise be stressed when discussed in the context of international payments.
Monero users should be as friendly and helpful as possible in order to encourage others to consider the usefulness of Monero payment processing.
The truth of the matter is, until we make XMR easy to obtain/use for consumers and especially, easy to onboard for business owners, our message will fall short.
this means coming out with easy to use and understand software and even hardware. XMR ATM development should be much bigger than it is right now. Also, we should have an out of the box solution for business owners like a POS software or even a little hardware gadget.
By the way, is the monero network even prepared for such a thing in terms of speed? at what point during the transaction on-chain can the payment be considered safe to say that it’s confirmed or that it can’t be retracted somehow?
“out of the box solution for business owners like a POS software or even a little hardware gadget.” this was one reason I started Monero Master, was to help local businesses set up payments should they need assistance.
One thing I’ve been thinking of, let me know if you think it’s a bad idea, is to create a “crypto tip” business card, the idea is that when tipping someone in the service industry you would first offer them crypto, when they say they don’t have any you offer them a fiat cash tip and then hand them the card which has a QR code to a website that gives them a step by step guide on how to get set up. At that point, if you are local, you could say that if they serve you again in the future and you go to tip them in crypto you will double their tip.
"By the way, is the monero network even prepared for such a thing in terms of speed? " this is a good problem to have 😁
can you give a link to your site? I’m interested now.
I love this crypto tip idea, we need all kinds of creative ways to get the word out just like this. would be cool if monero merch shops provided more stuff like this.
edit: oh wait, I remember Monero Master now. yeah, hoping you get your own site soon and maybe rally some people like monerica, monero market, etc to include your badge on their site, maybe sell some physical ones too
Thanks 😅
I’m taking a “grow with demand” approach to Monero Master so I am starting small with a focus on content/utility over solid infrastructure 😁