Apart from trading where else to use crypto? - page 7.

Rembedful

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Quote from: CarnagexD on October 09, 2018, 09:59:33 AM

Quote from: proTECH77 on October 03, 2018, 11:39:49 AM

Quote from: olumyd on October 02, 2018, 06:56:14 PM

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 days ago Ripple CEO announces 3[three] companies which are now using Ripple as a means of payment https://www.coindesk.com/ripple-event-reveal-3-companies-are-now-using-xrp-for-real-payments/, so, ripple is almost there.

One should know how to maximized the market not only on Trading, HODL, Investment either long term or short term, The issue on how to use your Token in general public is still under studies, not all country or Business community are open foe Crypto exchanges in the market as general usage, This the main issue in term of Regulation by government and, Financial Business community. one should learn the market on Crypto Digital Transaction.

With the passage of time more and more companies will start using and accepting cryptos as their regular currency. Today 3 companies accept Ripple as their mode of payment and tomorrow more companies will follow them, because crypto is the future currency and will be used worldwide without any need of exchange or bank transactions. This is good overall.

feelivent

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Quote from: sinkfish on October 09, 2018, 09:53:57 AM

franlky speaking, its nothing much can do besides trading. no like you can really buy grocery with bitcoin right now, except your country currency is way more volatile compare crypto, it hardly can do anything right now. it might have bigger application in larger scales like international transaction.

It is not only in cryptocurrency market but everywhere in the world. In medicine field big distributers will never let small dealers to make big money because they reduce the profit percentage which is not possible for small investors and after some time small investors leave the market. In my opinion small investors should not give attention what big investors do but always focus on their achievements.

resty

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Quote from: olumyd on October 02, 2018, 06:56:14 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?

Bitcoin crypto currency aside from trading it will also available for payment over drive-tru from food chain aside from payment directly peer to peer or money transfer if ever Bitcoin become primary use I think some bitcoin organizer are makes a card like credit card that make swipe to machine with bitcoin processing quickly process for payment method not only for food chain it is also available for shopping mall, hotels restaurant, shipping company and airline company. and also making qua lateral for future loans and real business with provable evidence.

squog

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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.

usorin

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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.

Chrisjay29

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Me aside from trading im doing a bounty hunting. This is the most common in here in crypto but it took a month to be paid not like trading daily profit. But bounty is no risk not like trading.

Kittygalore

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Quote from: kidoseagle0312 on October 03, 2018, 08:18:48 AM

Here in my country I can freely use crypto as monthly payment for my billings such as Electricity, water, internet, savings, and tuition fee and those altcoins that I can able to use was Bitcoin, Ethereum, Xrp(ripple), and Bch these are the altcoins that being accepted in the exchange we had it here in my place actually.

This is true. Bitcoin or cryptocurrency is not only for trading it is also effective to use in transactions more especially it is a form of investment. As I have observed, bitcoin or cryptocurrency that was used in doing transactions is an easy way and also ot saves time and effort. Therefore we can ay it is not only for trading but also effective for transactions.

deevan

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ICO tokens are meant to be used in their own ecosystem launched by the ICO, but due to lack of the product, the tokens cannot be used in their ecosystem & have no value, hence then the token is left aside for trading which is pumped & dumped by investors to cover their initial capital. Most of the ICOs are offering a similar working product just with few amendments in function which lacks an interest to the public.

gorodi

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Quote from: lingwistiko on October 11, 2018, 07:03:17 PM

Basically, crypto currency is used for online payment for products you wanted to buy and of course for the services rendered online. It's a good alternative for fiat and now, Paypal may have been threatened already by cryptos.

It is better to invest in the best cryptocurrencies with the aim to hold them for several years. In this case, you can earn a really good sum of money. The crypto will grow.

AniviaBtc

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Quote from: raven.tiu17 on October 11, 2018, 06:45:00 PM

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.

djselery

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You can use the cryptocurrencies just like using fiat currencies, to buying and selling and complete your payments online, whenever the cryptocurrency is supported as a payment method.
Currently, there aren't many marketplaces which support BTC and similar cryptocurrencies, but the usability is going to improve with time.

CASTIEL05

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Quote from: Lucius on October 03, 2018, 05:57:21 AM

Quote from: olumyd on October 02, 2018, 06:56:14 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?

In fact there are many places ( mainly online ), where people can pay with cryptocurrency, but to pay milk and bread in your local store you will need to wait some time. Actually it all depends from country to country, there is places you can pay with crypto by buying coffee, donut or even bread&milk and make haircut maybe. It is important to know we are just at the very beginning in the application of this technology, maybe 1% of world population is using cryptocurrency in one way or another.

Fiat is still main currency, and it will be probably for a long time - big changes do not happen overnight, they may last for decades.

I believe that! If we are going to use cryptocurrency as a new way of paying bills and transacting someone else, it can be. However, it is not all necessary products can avail using cryptocurrency. Fiat is always be the main currency where we can use wherever we are. Cryptocurrency adoption may take time depending upon the process of accepting and regulating from it.

ELOCIN

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Trading is really one of the stuffs about what crypto is all about. But basically, cryptocurrency's major purpose is to be the medium for paying commodities and services online. Aside from that, they also have its unique use cases.

Shimmiry

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Quote from: kidoseagle0312 on October 03, 2018, 08:18:48 AM

Here in my country I can freely use crypto as monthly payment for my billings such as Electricity, water, internet, savings, and tuition fee and those altcoins that I can able to use was Bitcoin, Ethereum, Xrp(ripple), and Bch these are the altcoins that being accepted in the exchange we had it here in my place actually.

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.

Ezenwanyi

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The only place I know for sure that cryptocurrency is used as a medium of exchange is in the 3rd cryptocurrency space.

I heard sometime ago that ripple, Eos and of course bitcoin is being used as a medium of payment in some country though I'm not sure.
So it remains just a rumor.

virendarnagpal

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Still people prefer in trading / paying through fiat currency. Fiat is their first choice. But on some platforms bitcoin is also being accepted as mode of payment.
So still crypto is being used as payment method in very few countries; markets. European country users are using more crupto than other remaining third world country.

cizatext

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Well I have seen some stores and business having tokens but this development is still at it ICO stage, I was part of an airdrop recently where the token is a utility token design for real estate and other one being accepted by stores around the world. So it with time the cryptocurrency development is going to gain that ground where businesses will accept tokens for their products.

jhongzjhong

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That is a good idea having a tokenization in cryptocurrency aside from the digital currency we can also use token in purchasing any product using bitcoin. But one thing that comes up in my mind, we could not change bitcoin as what bitcoin is. Bitcoin is a digital currency and it is decentralized, a lot of people are free to used digital money in trading or investing also paying transaction online.

olumyd

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Quote from: raven.tiu17 on October 11, 2018, 06:45:00 PM

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.

The current volatile market says otherwise. With market valuation dropping by more than $19bln in less than a day, how can that result to capital security or a store of value per se?

SirLancelot

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Leading Crypto Sports Betting & Casino Platform

Quote from: CarnagexD on October 09, 2018, 09:59:33 AM

Quote from: proTECH77 on October 03, 2018, 11:39:49 AM

Quote from: olumyd on October 02, 2018, 06:56:14 PM

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 days ago Ripple CEO announces 3[three] companies which are now using Ripple as a means of payment https://www.coindesk.com/ripple-event-reveal-3-companies-are-now-using-xrp-for-real-payments/, so, ripple is almost there.

One should know how to maximized the market not only on Trading, HODL, Investment either long term or short term, The issue on how to use your Token in general public is still under studies, not all country or Business community are open foe Crypto exchanges in the market as general usage, This the main issue in term of Regulation by government and, Financial Business community. one should learn the market on Crypto Digital Transaction.

Well, the reality now is that this market is not ripe yet for real life usage, because people's mind is not ripe yet for accepting that fact, as what most people think today is to expect some huge growth in the price of cryptocurrencies and get themselves extremely rich in the long run.

As time goes on, we will get to see a whole lot of these things changing and probably when we get to see bitcoin reach its peak based on mainstream adoption, the idea of the main value it creates in real life will kick in.

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