Topic: Altcoins vs. Stablecoin: which is more suitable for merchant crypto payment? - page 2. (Read 707 times)
June 18, 2020, 02:29:29 PM
Basically, it is one's own personal choice that which type of payments to accept, even in the real world of today we see many retailers still donot accept cards and they do not bother installing pos device, similarly, in case of crypto some retailers will like to accept crypto coins while some will want to be paid in stablecoins but in my opinion both crypto and stablecoin options will in the end help adoption and will have a net positive effect on crypto market.
June 18, 2020, 02:18:43 PM
Stablecoins are usually tokens that are built on the Ethereum or Tron network. So they are dependent on the main coin and its blockchain - especially on the network security, scalability, fees, and transaction speeds. I just would like to say, that you simply can´t use stablecoins without the altcoin and its blockchain for now. There is no stablecoin that uses its own blockchain and probably that's good because it is much easier for the users, to hold them on one Ethereum wallet.
June 18, 2020, 02:06:19 PM
One advantage of stablecoins is price stability. Merchants don't have to worry about price volatility when transacting in stablecoins. In the past and present, there have been a handful of projects proposing issuing altcoins (non-stablecoins) that will lead the future of crypto payment. What's the fate of such projects, will there ever be considered viable?
We have which is stable and issued by the government itself why any merchant have to accept stable coin as their payment over fiat currencies.Stable coins is just the blockchain fiat money but still it is centralized and losses its value due to inflation. 
June 18, 2020, 01:49:57 PM
Stablecoin means no volatility.
Stablecoin was invented to help traders safeguard their investment from the volatility of the crypto market. They are best way to reduce the dollar value of your portfolio by investing in them when in a bear market.
I do not recommend you investing in them as you will never see an increase in the dollar value of your portfolio.
Stablecoin was invented to help traders safeguard their investment from the volatility of the crypto market. They are best way to reduce the dollar value of your portfolio by investing in them when in a bear market.
I do not recommend you investing in them as you will never see an increase in the dollar value of your portfolio.
June 18, 2020, 01:17:08 PM
It depends on what kind of business are you running. If it's a legitimate by-the-book business, then a stablecoin would make more sense, but if you are peddling weed on the darknet, you would want an altcoin with strong privacy features, because stablecoins are quite centralized and could demand KYC from you and freeze your address. And some types of businesses might benefit from smart contracts, so they could use an altcoin like Ethereum.
June 18, 2020, 11:38:56 AM
Both are suitable for merchants crypto payment, serious merchants must accept more than a single crypto coin since we have many very good coins, depending on what coin people have or own in their wallets it's good for merchants to allow more than five coins as means of payment
I do agree with your statement but I can say altcoin can't be fully used as a payment solution except for coins with the higher scalability to make sure the merchants will not lose their money and the tx must be done instantly. The stable coin was offering a better advantage than altcoins. Mostly altcoins act as security coins too.
June 18, 2020, 11:28:31 AM
Most of promises are there in paper only, they never got accomplished. However, stablecoin isn't a good choice because they are centralized and they have none of value in reality. Bitpay support ETH and that can be a good choice in my opinion if any merchant is looking for accepting altcoin. By the way, why not bitcoin?
June 18, 2020, 10:01:34 AM
Stablecoin of course, a merchant will not find altcoins as suitable because of its high volatility. Unlike in stablecoins, he will never need to worry or to think about its price. A merchant won't be a merchant if he knows that he won't make a nice profit.
June 18, 2020, 10:00:12 AM
One advantage of stablecoins is price stability. Merchants don't have to worry about price volatility when transacting in stablecoins. In the past and present, there have been a handful of projects proposing issuing altcoins (non-stablecoins) that will lead the future of crypto payment. What's the fate of such projects, will there ever be considered viable?
for payment purpose stable-coins are better option, since their value is changing a little and you could not use volatile coins for merchants purpose, due to changes in price that can ruin your profit
June 18, 2020, 09:57:41 AM
One advantage of stablecoins is price stability. Merchants don't have to worry about price volatility when transacting in stablecoins. In the past and present, there have been a handful of projects proposing issuing altcoins (non-stablecoins) that will lead the future of crypto payment. What's the fate of such projects, will there ever be considered viable?
For merchants definitely stablecoins make sense because these traders and retailers want to see stability and fix amount while receiving payments only merchants or traders that have good insight about crypto accept or want to accept cryptos because they know that in future the value will grow and hence their profit but it is ok if the majority wants to use stablecoins, they should be provided with that option if that helps adoption. June 18, 2020, 09:54:02 AM
Both are suitable for merchants crypto payment, serious merchants must accept more than a single crypto coin since we have many very good coins, depending on what coin people have or own in their wallets it's good for merchants to allow more than five coins as means of payment
June 18, 2020, 09:49:30 AM
Stable coins are altcoins. They are not bitcoin and there are risks that stable coins in your wallets can be frozen by governments. About merchant crypto payments, I think they should integrate different payment methods as many altcoins (includes stable coins) as possible.
June 18, 2020, 09:12:32 AM
Bitcoin is the most accepted cryptocurrency by most merchant. It's easier this time because there are services like bitpay which the merchants don't have to think of that much volatility. They can quickly receive the amount converted into the certain amount that they're asking.
At the end of it, this is still the decision of the merchant whichever crypto they're viable and willing to accept. They can accept several altcoins and stablecoins as they want it but I'm sure that most of them will take bitcoin for personal reasons.
At the end of it, this is still the decision of the merchant whichever crypto they're viable and willing to accept. They can accept several altcoins and stablecoins as they want it but I'm sure that most of them will take bitcoin for personal reasons.
June 18, 2020, 06:24:41 AM
Stablecoins will be better because they are stable and prices will not fluctuate too much during order execution. If the market collapses right after they sell orders, the stores will not lose money with stablecoins
June 18, 2020, 06:19:53 AM
One advantage of stablecoins is price stability. Merchants don't have to worry about price volatility when transacting in stablecoins. In the past and present, there have been a handful of projects proposing issuing altcoins (non-stablecoins) that will lead the future of crypto payment. What's the fate of such projects, will there ever be considered viable?
You have stated rightly that stable coin do have price stability. But does it not interest you that merchants online or offline do not worry nor ask for payment in stable coins.
Rather they request payment in Bitcoin, Litecoin and Etherum amongst few platforms i have come across.
We cannot consider or judge fate of other projects, because an altcoins growth is not dependent on them been listed on a crypto merchant payment webpage.
June 18, 2020, 05:59:06 AM
One advantage of stablecoins is price stability. Merchants don't have to worry about price volatility when transacting in stablecoins. In the past and present, there have been a handful of projects proposing issuing altcoins (non-stablecoins) that will lead the future of crypto payment.
What's the fate of such projects, will there ever be considered viable?
What's the fate of such projects, will there ever be considered viable?
What are the projects? Would they solve the problem of high volatility or something? And how do they plan to solve it?
Well decentralized/good stablecoin backed by safe and more stable fiat currencies should be more ok for "merchant crypto payments". They are better for such payments though due to their level of stability while the established cryptos like Bitcoin are better for long-term store of value and ok for merchants crypto payments.
I think I would combine both during payments until we eventually have a better deflationary crypto with moderate volatility.
June 18, 2020, 05:53:21 AM
Most of the aforementioned project that want intended creating crypto for payments are today dead. This is because of market volatility and relative low merchant that will accept them compare already existing coin such as Bitcoin and Ethereum that are relatively better. Stablecoin could be better choice for you but for me, I see no difference in paying using stablecoin and fiat. However, with what I have learnt from the previous post I created about stablecoin, it is very risky to keep holding stablecoin
June 18, 2020, 05:43:06 AM
The answer is stable coin, zero lost to volatility of course unlike other crypto coins, dealing with volatility is not something every one can do but it will be better to mix them up, something that alchemypay is introducing, you can use BUSD, Bitcoin, Ethereum, BNB, etc to pay for hotel rents, vendors, stores, taxi fee etc
June 18, 2020, 05:23:21 AM
It should be stable coin to make sure you will not lose your profit from selling your product. It's not a big problem if you wanna accept altcoin as long as you can deal with the volatility. Sometimes your profit will be less due to the volatility while the opposite thing can happen to you too.
June 18, 2020, 05:15:25 AM
One advantage of stablecoins is price stability. Merchants don't have to worry about price volatility when transacting in stablecoins. In the past and present, there have been a handful of projects proposing issuing altcoins (non-stablecoins) that will lead the future of crypto payment. What's the fate of such projects, will there ever be considered viable?
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