Topic: Apart from trading where else to use crypto? - page 6. (Read 2271 times)
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.
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?
Cashing out is the main purpose of cryptocurrency for me! But as time goes by, I learned that I can pay my bills, save money from my bank account and buy load using my earnings in cryptocurrency. As of now, I saw a news came from LYL which gave me an idea to use it when I will buy something that accepts LYL. Hm. There are many usage of cryptocurrency, specially nowadays.
Thats interesting, can you tell us which country you live in and what kind of bills you can pay?
I havent heard about this option yet.
Cashing out is the main purpose of cryptocurrency for me! But as time goes by, I learned that I can pay my bills, save money from my bank account and buy load using my earnings in cryptocurrency. As of now, I saw a news came from LYL which gave me an idea to use it when I will buy something that accepts LYL. Hm. There are many usage of cryptocurrency, specially nowadays.
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.
Apart from trading, crypto have other uses and untapped potentials, bitcoin for example is being used for payment and instant transactions. Altcoins and ICOs also have use case well defined in their WP of which most are still abstract. Common use case is these cryptos only give access to their project ecosystem or products.
In addition to being used for trading and exchanging, the very important application of cryptocurrency is the blockchain technology. Blockchain technology is showing its fragility as it is being successfully applied in the management of banking systems and work management. Blockchain technology is truly a revolution in the 4.0 technology era.
Cryptocurrency adoption by merchants varies from country to country. While it is ongoing in some countries, many other countries are yet to witness it. My country is an example. Today, I read that 25000 stores in Germany will start accepting bitcoin. This is great because more will follow.
I think that tokenisation is not needed , new tokens are making everything much more complaicated for regualar users.
Every sad ICo is trying to incorporate their token in their bussines, which in most cases are not needed and current big rypto currencies is enough.
Actually there are services which allows you to buy very expensive cars for crypto this enables you to make " when lambo" true.
Also i just red that coffe shops are adopting crypto payments in relativley fast pace ( EU).
Every sad ICo is trying to incorporate their token in their bussines, which in most cases are not needed and current big rypto currencies is enough.
Actually there are services which allows you to buy very expensive cars for crypto this enables you to make " when lambo" true.
Also i just red that coffe shops are adopting crypto payments in relativley fast pace ( EU).
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 only few businesses integrated cryptocurrency in their business model. However, this is only applicable and probable in countries where cryptocurrency is supported by people and government. Some companies are still skeptical to use cryptocurrency because of the market volatility.
Tokenizing their products, okay we're done with this. You know how the ICOs conquered this idea but most of them are failure.
No product but still they have tokens for the purpose of trading and that's all. Those blockchain games that have their own tokens and some crypto casino's that held ICO have their own tokens as well. Exchanges, casino's are businesses and look the emergence of creating tokens to provide more capital for their operations.
No product but still they have tokens for the purpose of trading and that's all. Those blockchain games that have their own tokens and some crypto casino's that held ICO have their own tokens as well. Exchanges, casino's are businesses and look the emergence of creating tokens to provide more capital for their operations.
Apart from trading, crypto have other uses and untapped potentials, bitcoin for example is being used for payment and instant transactions. Altcoins and ICOs also have use case well defined in their WP of which most are still abstract. Common use case is these cryptos only give access to their project ecosystem or products.
besides being used for trading maybe you can use bitcoin or cryptocurrency to buy something you want, there are some cases when in the past before the price of bitcoin was as expensive as this, there were cases of people buying pizza using bitcoin so the moment became the history of bitcoin usage despite trading, so You can use cryptocurrency to make whatever payment you want, only the seller must be able to accept cryptocurrency payments.
So aside from trading, I am converting my cryptos into peso and then use it to buy something that I need and something that i want. To be honest this is really my purpose why I am here. I am joining bounty campaigns then after I received my payment, I will convert. Before I do not know what trading is as well as mining. Later on, I get to know trading and started doing it.
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?
Businesses aren't going to tokenize their products unless they have better incentives. There needs to be more services aimed at guiding businesses into the crypto realm, making it more easily digestible for them to understand how they could earn more money by implementing crypto payment options.
There already are quite a few businesses that already accept crypto, which is a good sign. (Expedia and Microsoft are probably the most well-known on the list.)
https://www.lifewire.com/big-sites-that-accept-bitcoin-payments-3485965
There are quite a number of online stores that have options for you to pay in to crypto, mostly Bitcoin. The level of acceptance of cryptocurrencies as options for payments is largely dependent on the level of adoption in those countries. If cryptos are popular, you'll more retail outlets and businesses accepting or having options for you to pay in crypto.
Secondly, some altcoins are useful for payments on certain platforms, an example is BNB which is use for payment of fees. Other tokens like OPEN will useful for payment on the blockchain.
Secondly, some altcoins are useful for payments on certain platforms, an example is BNB which is use for payment of fees. Other tokens like OPEN will useful for payment on the blockchain.
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 only few businesses integrated cryptocurrency in their business model. However, this is only applicable and probable in countries where cryptocurrency is supported by people and government. Some companies are still skeptical to use cryptocurrency because of the market volatility.
I think we just need to give these crypto currencies time and patience. Right now, i see alt coins that build their blockchains around internet servoces like gambling and content. But i think given time, projects will rise that we can eventually use crypto currencies to buy food and services we actually need to survive everyday.
Yeah you are right we should give time to cryptocurrency and there is no doubt that it will take over the market in the future. We will definitely use cryptos in our local market for our daily needs. Using our cryptos is the actual aim of bitcoin and not earning money. With the passage of time people will enter into crypto world and the use will also increase. I already use my coins for my daily shopping.
Most of the time crypto is being considered as an asset and sometimes it will be compared to stock exchange market but has a higher volatility rate. It is more risky than stock market exchange but it is also the most profitable compared to stock market exchange in my point of views because of its high volatility rate.
But, the main use of cryptocurrency is not like this because it has its own utilization. As we all know that every ICO project who made their tokens were having a purpose and that is the utilization of the tokens/coins. The utilization will depend on what the project is all about and its demand will depend also its community that will going to utilize the tokens for that project.
If you are going to ask where else to use crypto? The safest answer is that it will depend on the tokens/coins utilization per ICO project.
But, the main use of cryptocurrency is not like this because it has its own utilization. As we all know that every ICO project who made their tokens were having a purpose and that is the utilization of the tokens/coins. The utilization will depend on what the project is all about and its demand will depend also its community that will going to utilize the tokens for that project.
If you are going to ask where else to use crypto? The safest answer is that it will depend on the tokens/coins utilization per ICO project.
I technically use Crypto in my daily expenses and bills, My parents when they don't have enough money I use to get my collected rewards from bounty campaigns I joined before that's why it is a really big help to me. And because of earnings that I recieved before in some bounties I also invested in some popular currency to earn a big profit.
There is a wide utility of the altcoins. For example you can buy parts for your card with autounit, or you can enjoy the benefits of green energy with robotina. But not only that, you can buy mining services for cryptocurrency. So it is a question of what do you need and where you can find it on the blockchain.
I usually use my bitcoin for my daily expenditures. I mostly earn coins from campaigns and cash them out because I have no other job and crypto campaigns are the only source for my income. I am happy because it has given me a job at my home. I am earning quite reasonable money from bounty campaigns. I hope these campaigns will continue forever. Jump to: