Apart from trading where else to use crypto? - page 2.

CaptainKid

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Quote from: olumyd on October 02, 2018, 05:56:14 PM

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?

The ability to use cryptocurrencies as a means of payment or for other purposes depends on the country in which you chew, but in most cases, cryptocurrencies are more used as investments or value preservation than as a means of payment. For the global legalization of crypto-currencies and tokenization, it takes some time.

TitanGEL

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Quote from: olumyd on October 02, 2018, 05:56:14 PM

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?

We can use cryptocurrencies in our daily payment. In my country, there are now markets that are now accepting bitcoin as payment. There are now many people who are now aware to the potential of the bitcoin and other cryptocurrencies.

Netnox

legendary

Activity: 2044

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Try these options:

1. Online shopping (bitify.com, Overstock.etc)
2. Donate to charities (Red Cross, Green Peace.etc)
3. Invest in ICOs
4. Purchase gift cards from Gyft.com
5. Book hotels (Expedia)
6. Dark Markets

KesoNie

copper member

Activity: 672

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Quote from: Ahimoth on November 29, 2018, 12:19:07 PM

Quote from: jatin729 on November 29, 2018, 12:05:35 PM

Crypto has vast number of applications other than trading but there are few countries which actually implement crypto for buying goods and services. But can you imagine how crypto currency can be beneficial for company, companies can use it as monthly wages if employees allow it. But right now Crypto is just seen as an asset which is traded on exchanges and converted into fiat but in future we will see many uses of crypto

If many country starting to accept crypto then possible it can used anything like used as payment in store or give as salary of employees, but since it only used as trading and it only become fiat when someone exhanges it to their currency. And I think cryptocurrency is now can used as payment in some site and accept in some country, maybe when years goes by crypto will be used not only as asset but lot of uses.

Right now some country is planning to accept it and some country is starting to accept crypto like in Japan. I heard that in Japan they used crypto as a wages for their employees. So I think cryptocurrency not only for trading and asset but only as payment in the future, we all need to do is still wait for it to happen and wait for our country to accept it.

Ahimoth

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Quote from: jatin729 on November 29, 2018, 12:05:35 PM

Crypto has vast number of applications other than trading but there are few countries which actually implement crypto for buying goods and services. But can you imagine how crypto currency can be beneficial for company, companies can use it as monthly wages if employees allow it. But right now Crypto is just seen as an asset which is traded on exchanges and converted into fiat but in future we will see many uses of crypto

If many country starting to accept crypto then possible it can used anything like used as payment in store or give as salary of employees, but since it only used as trading and it only become fiat when someone exhanges it to their currency. And I think cryptocurrency is now can used as payment in some site and accept in some country, maybe when years goes by crypto will be used not only as asset but lot of uses.

jatin729

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Crypto has vast number of applications other than trading but there are few countries which actually implement crypto for buying goods and services. But can you imagine how crypto currency can be beneficial for company, companies can use it as monthly wages if employees allow it. But right now Crypto is just seen as an asset which is traded on exchanges and converted into fiat but in future we will see many uses of crypto

FlightyPouch

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Quote from: axxo on November 29, 2018, 07:57:32 AM

Aside from trading crypto currencies an be used in online payment there are online shops and normal shops specially in Japan who accepts bitcoin as payment.

A lot of countries also accepts Bitcoin as a payment. It might not be that favorable to other investors and traders since the price of Bitcoin can pump or dump. Other Crypto currency users use Bitcoin and other crypto to gamble. It is a popular way of using Bitcoin now and there are a lot of times that it is being use to bet on online gambling sites.

Ezenwanyi

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Activity: 336

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For now Cryptocurrency can only be used in the crypto space by investors and traders pending when Cryptocurrency gets generally accepted as a payment medium.
Until then before one can be able to use it in purchi of goods and services.

axxo

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Aside from trading crypto currencies an be used in online payment there are online shops and normal shops specially in Japan who accepts bitcoin as payment.

Gheka

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DGbet.fun - Crypto Sportsbook

Quote from: Ludmilla_rose1995 on November 29, 2018, 07:29:21 AM

I haven't found a store or merchant that accepts crypto as a payment. The problem facing crypto holders in my country is the government that prohibits crypto as payment. They have established a crypto law that crypto is only a commodity asset. Buying an item using crypto is illegal in my country.

Not only your country, I heard many people say that most countries have set up such a rule, they prohibit the use of crypto as a payment method, and will punish stores that violate this rule, crypto is illegal and unacceptable. And say honestly, I feel that the government of countries banned crypto or not does not matter because crypto is only useful for trading and making money, in other areas, crypto really is not suitable when many people still do not know and still do not accept, and we use crypto for other problems, it just wastes the value of crypto and wastes our chances

Ludmilla_rose1995

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Buzz App - Spin wheel, farm rewards

I haven't found a store or merchant that accepts crypto as a payment. The problem facing crypto holders in my country is the government that prohibits crypto as payment. They have established a crypto law that crypto is only a commodity asset. Buying an item using crypto is illegal in my country.

bchain22

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Be smart, join: https://t.me/cryptofinance24

There are thousands of companies accepting crypto as a payment method. So, after investing this would be the 2nd largest way to use crypto.

ict

sr. member

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At present, crypto currencies are only used to trade because this currency has not yet received official approval in all countries. and all countries have not issued official statements if they legalize this currency to be used for transactions involving many people. so, currently only limited to the crypto exchange trading we can do.

Dodoymabs

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Quote from: brooklynian on November 29, 2018, 03:37:08 AM

So many issues relating to the mass adoption of bitcoin would have been solved by the time there are adequate number of merchants accepting bitcoin for goods and services. Until that time, several people will be limited to using cryptocurrency only for trading and investment.

The growing progress of blockchain technology help the economy to find more innovations about helping the programmers and developers to find solutions about how to maximize the use of the technology. Cryptocurrencies have so many uses and probably we already know their major factor.

brooklynian

member

Activity: 392

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So many issues relating to the mass adoption of bitcoin would have been solved by the time there are adequate number of merchants accepting bitcoin for goods and services. Until that time, several people will be limited to using cryptocurrency only for trading and investment.

yitzjoe

member

Activity: 390

Merit: 11

it is necessary to develop a more applicable crypto utility and this can be in the form of starup and other forms that make more use of tokens and coins in daily activities. crypto will touch the community mickro activities, such as payment of tokens, electricity, electronic pulses, payment to toll gates, food vouchers tokens and many more applicable in your country

jcojci

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I think the time will come for us to use the token to pay something we buy in the store. I don't find any tokens that can be used for paying something, but I am sure that it will happen in the future after the government legalizes bitcoin, altcoin, and the tokens. Besides that, I think the governments need more time before they can make the cryptocurrency legal, so people don't have to worry about anything.

Gabali126

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Cryptocurrency was not founded just to be traded on exchanges. We are supposed to use it in everyday buying and selling activities just as you would use your normal paper money, but in this case, digital payments only.

sulendra12

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Undeads.com - P2E Runner Game

Buy digital products or physical one and pay it with Crypto. It's widely known and even beginners know to buy something with crypto.

Quote from: UNOE on November 08, 2018, 08:04:47 AM

Try sport betting or gambling with cryptocurrencies, there is no tax fee nor manipulate costs fee. I think this is great way to start using crypto if you are interesting in betting or gambling.

It's not RECOMMENDED at all. Why would you start to earn money with the highest risk you could ever find? Just try with easier method first.

A L I E N

legendary

Activity: 1358

Merit: 1000

Quote from: sinkfish on November 01, 2018, 06:07:40 AM

nothing else. purpose of crypto is replacing current money. in the form of digital.

The cryptocurrency cannot replace fiat. Traditional money will always be used, even by those people, who use the cryptocurrencies often. However, you can pay for some stuff on the special sites that accept Bitcoins.

Topic: Apart from trading where else to use crypto? - page 2. (Read 2323 times)