Topic: Bitcoins Everywhere? Not yet... - page 12. (Read 8335 times)
The most common thing to happen in bitcoins is being accepted on online shops before being accepted in physical markets in ourcountry land.But pretty sure that will take alot of time to be fulfilled.
of course online shop and all online payment method. then offline shops will be interested to apply such thing in their shops. imo. just like the restaurants or goods shop. and I think the next one will be university because here in my country, we need to transfer the tuition fee via bank.
There are currently thousands of service providers offering Visa/Master cards and there are bunch of other payment methods or E-cash that are more acceptable than bitcoin worldwide, what I'm trying to say is why would you want to be on hold just because some company doesn't accept bitcoin and stay behind the modern world? best thing we can do is to exchange our btc to those fiat based payment processors and use them to do our shopping and purchase whatever we want.
Selling btc for local currencies are very easy, if people couldn't do that then we'd have some serious problem.
Selling btc for local currencies are very easy, if people couldn't do that then we'd have some serious problem.
Its use will expand first in the online shopping business, in fact there is already a considerable number of website owners making this happen. After this we will see a number of physical stores using it. I think that influential people in the technology sector will also play an important role in this, especially if their companies start to pay their employees in Bitcoin.
We can consider that gambling and darkest spheres of the Internet is a success. The next step is the online shopping for non-physical goods, then physical goods. What will go next, I do not know.
Nowadays i dont know what anyone would use bitcoin for other than for speculative reasons. It gains value because a lot of people now see it as something they can buy into and earn money on. I mean being realistic, at this rate its certainly never going to be used as a currency and it doesnt really offer anything better over its competitors anymore. I can send paypal payments with no transaction fee and it arrives as soon as i send it,Non reversible payments arent going to sway people into swapping from banks/credit cards/paypal and some might even be put off by it. Those who hold gold may buy into it if it becomes stable enough with much slower rises and drops in price but the majority of people arent going to buy into it when there are no real advantages.
Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?
I think the remittances is a done deal and that the next step will be when gold bugs realise that Bitcoin is gold 2.0 and jump in.
They obviously won't
Gold bugs are there to store value, not to speculate (i.e. they are there not for profits). This is a conceptual difference, one of kind and not of degree, therefore it is unlikely to happen (if only some of them are not traders beyond being gold bugs). Regarding the question in the OP, we basically already have three spheres, i.e. Bitcoin gambling (as mentioned above), trading and banking (including remittances). But these were available as soon as Bitcoin got some traction in 2010, but since then nothing has been added to this group of applications, so it is really hard to say
First to adopt were the casinos and more of them will start accepting it soon. Next the online shops that doesn't accept it yet, but I believe soon they will start accepting also. When this happen it will be already enough, we can buy any kind of stuff on the internet, online.
Fiat could be used only to pay our daily expenses, like bills and food, all the rest of our money could values more in bitcoins to buy products that we want to have, but that aren't primordial, like electronics, clothes, accessories, virtual stuff...
Fiat could be used only to pay our daily expenses, like bills and food, all the rest of our money could values more in bitcoins to buy products that we want to have, but that aren't primordial, like electronics, clothes, accessories, virtual stuff...
Like everybody else i agree on the online shopping as next big market, but there is more. Everyone and every business that deals with different countries and currencies has big potential. Imagine how cool it would be if you could pay on every airport with Bitcoins. The whole Tourist industry is a big target. Think of tourist hots spots like the Taj Mahal where you could pay in Bitcoin. Say you fly to India for a nice week. At your local airport you buy some coins for the trip and fly to India, where you can pay in the duty free shops with Bitcoin, then take a pre paid cab to your hotel also paid in Bitcoin (The cab, as you booked and paid the hotel from home). Now you can visit some tourist places and pay in Bitcoin for the admission and also for the food in the restaurants around the tourist attraction (since they obviously adopted Bitcoin to make it easy for their customers). And when you return, you can spend your last coins, give it to charity or keep them for your next trip (best case scenario is that your coins will be even more worth then) or a domestic growing Bitcoin economy. How cool would that be?!
Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?
Since online world is obviously the main line of bitcoin transactions then all online related things associated with our daily life will be the one who will get the most of it. It will include online shopping (which actually present now), online payments (e.g bills, fees, reloads etc), money transfers (local, foreign and everything about remittances) and many more.
After that I think electronical payment or e-payment will be the next one and that will include physical payments such as when you buy at groceries, payments at physical shop or merchants, mall shopping, restaurant or mini cafe etc, transportation etc.
Maybe Bitcoin will not be dominant currency in the future because fiat will be not put of the throne but it will probably be much more adopted and spread then it is today, at first place in shopping and different online services. Maybe also in high technology and IT industry.
Anything you pay for online would be the obvious first area that would be affected, this includes shopping, gambling, payments to people and so on.
In the real world it could be used everywhere, just looking at bitcoin as an idea it could be used in almost everything we do daily, give it 5 years and we will see where we are.
In the real world it could be used everywhere, just looking at bitcoin as an idea it could be used in almost everything we do daily, give it 5 years and we will see where we are.
Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?
I think the remittances is a done deal and that the next step will be when gold bugs realise that Bitcoin is gold 2.0 and jump in.
Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?
Online shopping will be the next step after online gambling. Then its down to the current banking industry if they want to provide services around bitcoin or fight it. There are many social change benefits, too many to list.
Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?
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