I've been using Crypto as a means of payment for years now, mainly Bitcoins, in my country you can actually buy a lot of things with crypto, this is probably due to the fact that i'm mining.
This is all online, i've never bought anything Face to Face using Crypto and 99% of the time i'm using Bitcoin because all the stores only accept Bitcoin, i'd love to see stores accept Litecoins, i've had to Email the "Bitcoin payment provider" tons of times because the transactions can sometime take ages and often you only have 10-15 Minutes on you to; 1 Send Bitcoin, 2 get a "1" confirmation before the time runs out! however on some smaller purchases there seems to be a 0 conf confirmation.
using Bitcoin as payment is great most of the times, but i do think Litecoins would be better.
Topic: Apart from trading where else to use crypto? - page 11. (Read 2271 times)
don't worry, everything will be answered by time, good cryptocurrency will be able to be purchased to buy in the local market, for now, fiat money is still the main money, I think Cryptocurrency still has risks, so people still aren't interested in Cryptocurrency.
More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.
I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.
Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?
Zrcoin is token which using at factory and like material of 1 Zc and this project is really intresting because they make ICO wich funded to build a factory and then they converted the whole coin to one 1 Zc I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.
Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?
Mate, I understand what you are talking about. In real life crypto has very restricted area to use. If you don't want to send transborder payment, invest in ico or play decentralized game, then crypto isn't that useful. I hope that in future things will be changed about it,but currently crypto isn't that popular in real business. It seems for me that paying in BTC for coffee cool, but transaction can be long and you should pay high fee. The best application for me is crypto backed loan, it is quite useful
Trading is not the only place to use crypto currencies. Though the adoption of bitcoin and other crypto currencies are slow and most of the merchants don't accept crypto currencies, there are still loads of online sites out there that accepts crypto currencies. You can spend it to buy goods from amazon or other major retail store indirectly buy buying gift cards from those sites that accept crypto currencies. Bitcoin is still new. Just give it more time and then people will start accepting it as a mainstream form of online currency.
Relatively, not everyone here seems to understand my point of view. Interesting perspectives though, but the bone of contention is whether or not we should continue to rely on BTC for our transactions when there are so many more tokens out there with payment as their intrinsic value proposal. These are the obvious farce when you put them side-by-side with BTC.
My suggestion is to find a project which has good track records in the traditional market and create a value-based service through the blockchain and incentivize their consumer base to patronize more of their products. For example, if Mercedes should tokenize a part of their company shares, and use dividends to reward stakeholders based on the proof of stake algorithm. Blockchain will reinforce the confidence in their service chain (not that it isn't good), but leveraging new technologies indeed is one sure way to move forward in a rapidly evolving global economy.
So, again, does anyone know a real-world business with such provisions already?
My suggestion is to find a project which has good track records in the traditional market and create a value-based service through the blockchain and incentivize their consumer base to patronize more of their products. For example, if Mercedes should tokenize a part of their company shares, and use dividends to reward stakeholders based on the proof of stake algorithm. Blockchain will reinforce the confidence in their service chain (not that it isn't good), but leveraging new technologies indeed is one sure way to move forward in a rapidly evolving global economy.
So, again, does anyone know a real-world business with such provisions already?
There is a huge difference between the possible ways of using tokens and cryptocurrencies. When I went to Greece I was surprised when I saw a couple of places which were accepting many different cryptocurrencies for their service. I guess it's because they use a payment processor such as CoinGate which takes care of everything. Many people try to take advantage of the ICO bubble. Most of the tokens out of the market are useless because the same service could be provided without the token. Using tokens requires the user to know how to use cryptocurrencies (Waves, Ethereum, NEO and so on).
More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.
I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.
Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?
Look at the first page of this topic, one person said that in the Philippines it is already possible to pay part of the public services cryptocurrency. I think in the near future this will happen around the world. Cryptocurrency more and more penetrates into our lives. The main thing is to have more projects of really useful people. I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.
Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?
I cannot see the actual purpose of most altcoins either, maybe the exceptions are the gambling and casino platforms where you play with the tokens
There are some token that could be used in their online shop if I am correct.
And some shops already accept crypto as a payment and also some ICO or token could be used in their platform for example if their project is mining you could use their token to mine some crypto.
Like which one? Most of the ones you have seen so far only came up with some empty promises and they really do not have any serious product or an ecommerce platform except for the fact that, they were just looking for those to deceive and then take away their money in the long run. I have seen so many of them and that is what they are just good for. If we are talking bitcoin now, I would say this is obvious as we get to see so many online merchants accepting it for payment of goods. And some shops already accept crypto as a payment and also some ICO or token could be used in their platform for example if their project is mining you could use their token to mine some crypto.
Aside from the lack of usability I think that even the owners or the hodlers of the coin are partly at blame here. Remember that they are also Hodling it as they hope that it will have a higher value compared to what it is today, they are simply making it as an asset for investment. And even if most of them are pure speculation they still think that their coins are not for what they are use too but as some kind of investment vehicle which they need to hold too in order not to get left behind when the price rally takes place in the market.
I think if many merchants who accept cryptocurrency as a payment system then there will be some people who make the system you want, till now cryptocurrency was still limited to use as a payment system, moreover here in my country none of the merchants allow buyers by using bitcoin or altcoin, unfortunately.
The development of a system will be factored if the old system is not feasible to use so there will be a lot of people who think a loud to make new innovations to be received well. Need a more time to make cryptocurrency be made for everyone as mainstream payment system, and might we will headed there.
The development of a system will be factored if the old system is not feasible to use so there will be a lot of people who think a loud to make new innovations to be received well. Need a more time to make cryptocurrency be made for everyone as mainstream payment system, and might we will headed there.
There are only a few platforms that makes use of cryptocurrency as a mode of payment as such the intent of most of the tokens right now are to be used in the mainstream market which would take time, though there are cryptocurrencies that can only be used in there platforms they are quite few and most of them are trading or social media platforms.
More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.
I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.
Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?
I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.
Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?
In my country, there are many companies that sell their product with BTC. Even it is possible to buy a house. Global big companies do not accept BTC generally at the moment but this is going to change in a short time period.
Crypto overall is still on the development stage. The main technology is clear and working, but it`ll take years for it to spread to the real world and make real impact.
Be patient, after all there are still shops that accept only cash. Even the credit card adoption rate is not 100% at this point, what do you expect of crypto?
Be patient, after all there are still shops that accept only cash. Even the credit card adoption rate is not 100% at this point, what do you expect of crypto?
More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.
I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.
Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?
I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.
Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?
Having understudied the adoption of the token system by mega industries with the focus on the volatility of the hospitality market, In a short two years since launch, HOOCH in comparison with other hospitality providers has disrupted the scene with the tokenization of its payment and reward systems. It has also garnered the support of many top hospitality companies. Having already built a network and offering perks today at over 100,000+ top hotels, restaurants and bars globally. HOOCH is unlocking new venues and growing its user base at an accelerated pace using Tapcoin on the hoochapp. So I believe they amongst others I have understudied are already using their tokenization as a means to garner support for mainstream crypto adoption.
More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.
I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.
Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?
I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.
Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?
i think that is mainly the reason why companies are introducing their own ICO, they wanted to create crypto-based payment while accumulating value on the crypto market, that could be an investment at the same time, but because tokens are not yet stable as bitcoin, they cannot push through with their agendas, though some establishments are accepting bitcoin, they are forced to trade their tokens for bitcoin, as long as the companies that are eyeing on this potentiality of crypto, they will not stop to create their own tokens.
If we start thinking about the bitcoin as the actual digital currency then there loads of places where you can easily spend your money through the bitcoin. In fact there are more than enough online stores in all the categories which are accepting the bitcoin as mode of payment and thus making bitcoin as their primary currency. Not only this, there are many service providers who are actually bridging the gap between real world stores and the crypto coins. For example, rent project MOZO is about to have rewards for shopping in the stores affiliated with them. This way you can spend your mozo tokens with them easily. This is just one example but surely there are many more like that and with the time this frequency will rise too.
Now there are more and more places where you can spend cryptocurrency. I think its distribution is just a matter of time.
If I have more cryptos in my wallet, I will use this to purchase a lot ,for in the future real property would be useful ,and this investments would not disapper ,or if not use this cryptos to buy jewelries of gold or even diamonds that will last this investments for a long time and values that does not depreciate in value.
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