The unique characteristics of most cryptocurrencies allow it to function as both a store of value and tradable tender. Although Bitcoin's original use case wasn't of this nature, Of course you'll see millions if not billions of dollars being traded everyday on exchanges. People trade traditional fiat currencies similarly depending on exchange rates going up and down, its of the same nature.
If you are wondering about the lack of crypto payments all you have to do is look. browsing this thread I see tons of answers for where you can pay with crypto. Did you know more than 1500+ merchants in Venezuela alone accept DASH as a payment method in the fight to combat inflation of their national currency?
Did you know you can look up merchants online that accept BCH in countries all over the world?
I personally sold my motorcycle for ETH on FACEBOOK MARKETPLACE. It's all about finding the right outlets at this time. It's coming out of its niche to provide real world use cases!
I've been working on a huge project to implement real life crypto payments as well! I can't wait to show you guys.
Topic: Apart from trading where else to use crypto? - page 5. (Read 2271 times)
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?
As of today we can only see crypto as for trading but then soon we will see that it will be use in banks, it will be use in any online store and we can only see this if finally the world accept it as money. 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?
Some businesses accept Bitcoin as payment, although not as much as we would like. It appears that most cryptocurrency users use it for investment. But some use it for commerce. Mostly for buying properties and the like.
I think the volatility of cryptocurrency will not allow creating such an organization ...
There are some businesses and store that are accepting cryptos. And there are also cryptos that can use in buying apps online. And i hope in the future we can use it everywhere.
Speaking of merchants, I know a project that's paving way for more merchant adoption of cryptos. Modern Finance Chain (mfx token) will be like Dash or PundiX, only better! It wont require a bulky hardware, in fact, no hardware required at all, just the merchant's mobile phone, the platform's software and freedom of numerous cryptos that could be used to pay for services. Whats more? Instant crypto to fiat gateway. These are features i think commerce needs.
Even asides new projects popping up, there has always been the likes of Bitpay that has really helped a lot of merchants in some developed part of the world to accept cryptocurrency payment and be able to get their funds converted to fiat immediately and that to me has really helped in the usage of crypto and even though it is not something we can see in most of part of the world, at least, it is a start. Asides that we are even seeing payment processors like the likes of Orbis that I saw recently, and I know as time goes on, the real life usage of crypto will be a norm than something anticipated for.On top of that, the merchant doesn't have to pay for using the payment processor! There's a reward system for users as well.
All very attractive benefits
I know as time goes on, there will always be so many projects that will come up to really make the usage of cryptocurrency in real life enticing. We are seeing a lot of them already and the possibilities that they will always keep coming and even creating more competition, but one thing I am certain of is that, we may not have gotten to a level that we would really say the usage of crypto is rampant, but at least, we are going to get to that level at some point, judging from the way things are going currently within the space and projects that are channeled towards the real life usage of crypto and some incentives for users. All very attractive benefits
Often use it to buy online services, products such as software and games. Other than that, I do gamble, nowadays very rarely though, but I do. Also often take part in online gaming tournaments where I pay the entry fees. Recently I read in the news one of the countries exchange is planning to introduce Crypto ATM, so it will be a great new addition.
What kind of gambling do you do, sports gambling? Or what exactly? I do come across some gambling sites including casino but I don’t know how to do all these things and I don’t know how they work. Do you know any site that can teach me how to play gamble? And by the way I’d like to let you know that there are countries with Bitcoin ATM, where you can withdraw your Bitcoin in cash if you have a wallet debit card just like Xapodebit card or Coinbase shift card.
The main use of cryptocurrency as at now is still trading; and with main reason of profit making. The other uses can be for tieing down one's wealth and resources and to be traded/exchanged for a later date - crypto used like real estate.
Which in other words mean that it is like money and money could be used in any place for any sought of transaction. Same crypto could be used for any type of work you want to get done and which involves the use of money. To me, a second best use of cryptocurrency after making money with it is using it to make transactions. Banks and even ATMs are the money suckers and in the long run, you loose big money which is more fee than the services they provide. 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?
Aside from trading, I personally use crypto to buy prepaid loads, paying bills, investments and I think I will soon try to use it to purchase goods and services here in my country as cryptocurrency is getting bigger and bigger. I juat hope that more and more merchants will be popping up in the near future as it is more convenient to transact with crypto than the usual fiat money most especially when dealing online.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?
Speaking of merchants, I know a project that's paving way for more merchant adoption of cryptos. Modern Finance Chain (mfx token) will be like Dash or PundiX, only better! It wont require a bulky hardware, in fact, no hardware required at all, just the merchant's mobile phone, the platform's software and freedom of numerous cryptos that could be used to pay for services. Whats more? Instant crypto to fiat gateway. These are features i think commerce needs.
On top of that, the merchant doesn't have to pay for using the payment processor! There's a reward system for users as well.
All very attractive benefits
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?
Aside from trading, I personally use crypto to buy prepaid loads, paying bills, investments and I think I will soon try to use it to purchase goods and services here in my country as cryptocurrency is getting bigger and bigger. I juat hope that more and more merchants will be popping up in the near future as it is more convenient to transact with crypto than the usual fiat money most especially when dealing online.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?
Speaking of merchants, I know a project that's paving way for more merchant adoption of cryptos. Modern Finance Chain (mfx token) will be like Dash or PundiX, only better! It wont require a bulky hardware, in fact, no hardware required at all, just the merchant's mobile phone, the platform's software and freedom of numerous cryptos that could be used to pay for services. Whats more? Instant crypto to fiat gateway. These are features i think commerce needs.
Crypto is not supposed to just be uses in trading. It is designed to be used in the purchase of goods or services. It is we that have now made it look as if it must be traded on exchanges.
One of the biggest positives with crypto is worldwide transfers. Try sending 10 million dollars from a United States bank to a Chinese one. You will have to fill out a ton of forms, gey questioned, and have to wait days for the transfer to clear. With crypto it takes 5 minutes and you don't need anyone's permission.
Except trading cryptocurrency also use for. Various other things. One of the main use of cryptocurrency is online transactions. Cryptocurrency are mainly famous online transactions because it provides its user an safe, secure and fast transaction facility and also charge low transaction cost and because of many people use it as online money transaction. And it also use for international money transaction because of its untroubled and untraceable money transaction facility. Except money transaction it also use for investment too. It also use for online marketing. 
Your thinking is right. But I still see a lot of crypto of the ICOs used in their platforms or applications. It is featured, as the payment method as well as the transaction on their platform. They still have the card to convert them to fiat or vice versa. However, most of us usually convert them to Bitcoin or ETH. Because they are easier to convert to fiat
One of the biggest positives with crypto is worldwide transfers. Try sending 10 million dollars from a United States bank to a Chinese one. You will have to fill out a ton of forms, gey questioned, and have to wait days for the transfer to clear. With crypto it takes 5 minutes and you don't need anyone's permission.
it is very true that you conveyed with the progress of the times and technology needed practical, efficiency and flexibility according to my investment by following the bounty ico
to pay for various services where you do not want to communicate with other payment systems or do not have them
That is right, more use case is needed, and also make the usage easier for average people, because right now it is too complicated IMO. But we have time to reach this adoption, we tend to forget how young crypto is.
Often use it to buy online services, products such as software and games. Other than that, I do gamble, nowadays very rarely though, but I do. Also often take part in online gaming tournaments where I pay the entry fees. Recently I read in the news one of the countries exchange is planning to introduce Crypto ATM, so it will be a great new addition.
It depends on that coin uses, aside from trading it will be good have crypto as an investment and use sone advantages on having it in real life use. 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?
As for me, cryptocurrency plays a vital role in our society right now. It is now being used for different transactions and as a mode of payment. It has been making every transactions in the society easier which is very helpful. Some businesses also accepts if as a payment.
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?
Real world business does not have nothing to do with cryptocurrencies, any one that has barcode or accept their payment from customers through Bitcoin or so is doing it by choice and not because it is meant to be done by anyone. You can say so for online business and not for offline business, and no business requires Bitcoin. And for the token reward you’re talking about, most companies gives vouchers and gift cards to their customers as reward. 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?
There's a lot of use cases in Crypto not just apart of trading, store of value or buy/sel stuff but also a good way to communicate a people. Cryptocurrency is evolving and changing the world for a new order of security and trust which will lead for a better jurisdiction.
Yes probably it is. Aside from cryptocurrency used for trading, it is used in doing transactions such as paying for bills and such. This really happens, and this is a good indication on the part of bitcoin. This is a good start, we should be hopeful that soon enough more and more countries would adopt it.When we say crypto it is a type of utlity token in which they have their own usages, there some can be use for paying bills, sending money thru
remittances, some was being used for mode of payment in some merchants who accepted it like ethereum, Bch, xrp, and loyal and more.
Jump to: