Topic: Buying food or groceries with Bitcoin - page 6. (Read 1609 times)
You already can in some parts of the world. many of the people who own cryptocurrency typically limit themselves to using their cryptocurrency as a means of storing value, or trading it as a way to make money, so buying foods or everyday necessities, hasn't become quite mainstream yet. it doesn't mean that it won't become that in the next decade.
A lot of things are going to happen to people in real life but bitcoin is only used for investing I don't think it will be possible to buy food or groceries with Bitcoin Bitcoin is not yet supported by illegal governments in many countries so buying and selling with Bitcoin will take a long time. Bitcoin is a very popular currency but it will take a long time to break the Fiat currency Therefore it is not possible to buy food without the support of the whole world.
What is an illegal government? I think you meant corrupted government. This is bitcoin. Your government can't stop you from using it to buy your groceries. As far as I am aware, only few countries put a ban on the usage of crypto currencies. So unfortunately, they cannot set up a physical or online shop that accepts bitcoin. But you still can do it indirectly. How about buying giftcards with your bitcoin and use it to purchase things off the internet?
Bitcoin's popularity has been increasing ever since the bull market of 2017 took place. Even with the pandemic, prices have recovered to their original levels (near $10k) in just a matter of months. More people are accepting Bitcoin worldwide, albeit at a slow and steady pace. I've seen many sites out there in the online world which accepts Bitcoin for goods and services. But the number of businesses and merchants accepting it for food or groceries are quite limited. In the physical world, supermarkets and even fast foods haven't even adopted Bitcoin yet. Fiat is still the predominant type of currency in the mainstream world, for buying items that are required for one's survival.
Do you think that in the future it'll be possible to buy food or groceries with Bitcoin? I know that volatility is a huge issue for Bitcoin to be accepted as an alternative to traditional Fiat, but merchants and businesses could quickly convert Bitcoin to a stablecoin minimizing the risk of loss. What are your thoughts?
No doubt that one day many businesses and stores will accept bitcoin as payment for goods and services. It would have been nice if more had just been accepted bitcoin now as exchange or payments for foods and other important necessities where people are just at home due to covid19 pandemic. It could be a great help for everyone.Do you think that in the future it'll be possible to buy food or groceries with Bitcoin? I know that volatility is a huge issue for Bitcoin to be accepted as an alternative to traditional Fiat, but merchants and businesses could quickly convert Bitcoin to a stablecoin minimizing the risk of loss. What are your thoughts?
You also have a point that despite of volatility merchants and other businesses can convet immediately into afiat money right after the payment transaction to avoid loses. But there is another problem ,the internet connection because every transaction needs an internet.
There is a simple logic to this: many holders won't like to buy food with their bitcoin because of the possibility of Bitcoin rise in no time but have forgotten that, this won't help the needed adoption we think. Holding bitcoin without buying things online will not help achieve the dream we'll dreamed with bitcoin. How many have tried asking for bitcoin payment when they buy food or other things, either in stores or online? We have a long way to go to achieve this in reality. Don't always hold up your stash, use them to purchase something and ask for bitcoin payment.
We certainly need more adoption of BTC, that's for sure. When I see the whole Crypto marketcap for the last two years still sitting under 300 Billion USD, that is a very small market compared to other financial markets. So I agree that we have a long way to go yet. I am trying to educate my family into using Bitcoin and so far it's only myself and my father who actually use and hold BTC. I am the only member of my family that lives on the Blockchain and I live entirely from Bitcoin as my salary form my main job is paid to me in BTC. The more people enter the Bitcoin market, the more popular it will become to use and more merchants will adopt it.
I only agree somewhat about adoption (usually when people say this they mean adoption by merchants and services). I still agree with pooya that we also need to start paying attention to a stage a little higher up in the stream, and that's looking at encouraging people to actually buy bitcoin (as opposed to paying an exchange to have an account saying they have bitcoin) and then encouraging these bitcoin holders to start using bitcoin. Adoption will come when more people request to be allowed to pay in bitcoin.
A lot of things are going to happen to people in real life but bitcoin is only used for investing I don't think it will be possible to buy food or groceries with Bitcoin Bitcoin is not yet supported by illegal governments in many countries so buying and selling with Bitcoin will take a long time. Bitcoin is a very popular currency but it will take a long time to break the Fiat currency Therefore it is not possible to buy food without the support of the whole world.
Bitcoin's popularity has been increasing ever since the bull market of 2017 took place. Even with the pandemic, prices have recovered to their original levels (near $10k) in just a matter of months. More people are accepting Bitcoin worldwide, albeit at a slow and steady pace. I've seen many sites out there in the online world which accepts Bitcoin for goods and services. But the number of businesses and merchants accepting it for food or groceries are quite limited. In the physical world, supermarkets and even fast foods haven't even adopted Bitcoin yet. Fiat is still the predominant type of currency in the mainstream world, for buying items that are required for one's survival.
Do you think that in the future it'll be possible to buy food or groceries with Bitcoin? I know that volatility is a huge issue for Bitcoin to be accepted as an alternative to traditional Fiat, but merchants and businesses could quickly convert Bitcoin to a stablecoin minimizing the risk of loss. What are your thoughts?
Very possible if the demand for the use of bitcoin or cryptocurrency is very large. maybe other crypto projects will adopt stable coins for merchant payments as such might occur if they will be adopted into real life to replace fiat.Do you think that in the future it'll be possible to buy food or groceries with Bitcoin? I know that volatility is a huge issue for Bitcoin to be accepted as an alternative to traditional Fiat, but merchants and businesses could quickly convert Bitcoin to a stablecoin minimizing the risk of loss. What are your thoughts?
to realize it might take a long time because some countries still do not approve cryptocurrency for real-life payments, only for trading or such investment for now. who knows?
There are two ways to think on this. One is the investor approach who are buying bitcoin to keep for the future in a hope to sell at big gains and another which is the common man approach where bitcoin is just a mode of payment and could be used to buy groceries. I consider the first option and thus if fiat does not become completely useless, I would rather use fiat to buy daily necessities and not waste my bitcoin for that. It does not mean that everyone has to follow on of these approaches but mix and match both.
Currently the trend is to invest in bitcoin's future speculation by buying it in short amounts every month or so during a dump which is a healthy way to grow your portfolio. However if merchants accept bitcoin in a wider basis we might see a change in the trend in the upcoming years.
Currently the trend is to invest in bitcoin's future speculation by buying it in short amounts every month or so during a dump which is a healthy way to grow your portfolio. However if merchants accept bitcoin in a wider basis we might see a change in the trend in the upcoming years.
I think that is because most people don't know about crypto, especially bitcoin. And if they want to buy something at the supermarket, fast food, or another physical store, they can use credit and debit cards, which means they don't have to use fiat money. That prevents them from the Covid-19 spreads because of using paper money, and they can keep their hands clean. Besides using credit and debit cards, they also have another digital payment that store on their mobile phone, so they can directly deposit to their account, and they can buy what they want.
I am sure that in the future, we can use crypto to buy in the groceries and the local store, but perhaps, we are not only using bitcoin but also using the other coins as the payment system. It's a matter of time for people to know and learn crypto, and once they know the crypto, I think they will encourage each other to use crypto for many things, including buying at the local store.
I am sure that in the future, we can use crypto to buy in the groceries and the local store, but perhaps, we are not only using bitcoin but also using the other coins as the payment system. It's a matter of time for people to know and learn crypto, and once they know the crypto, I think they will encourage each other to use crypto for many things, including buying at the local store.
Yes I agree with that many people are not aware of what bitcoin is, that is why they are not able to use the privilege of having a bitcoin. Using bitcoin anyone can buy goods, products, and services using bitcoin. In using electronic money such as bitcoin we can minimize the spread of COVID-19. They can have clean hands because they do not have to have cash on hand. Besides bitcoin also an advantage when it comes to credit and debit. You may also buy a load using bitcoin. And also pay bills using coins. Bitcoin may lessen your effort in paying bills and making transactions because you can do it online using bitcoin.
Bitcoin and other electronic money are not that introduced here in the Philippines. But I believe that soon cryptocurrencies will be launched formally here in the Philippines. This pandemic may be a good opportunity for it.
Many things could happen in the future. Many countries have now declared Bitcoin illegal. This is because of the illegal use of Bitcoin. Many crimes are being committed in more or less every country whose payment system is Bitcoin, And so many countries are now reluctant to legalize Bitcoin. Who can talk about the future. If I were asked food or groceries could be bought with Bitcoin, I would say that it is possible in some countries, and many countries will not legalize Bitcoin as long as Bitcoin is not under a government.
Sure, that can be possible but just as the OP suggested it will be best to have traders mostly become aware of the use of stable coins just to reduce any form of volatility should the market crash. But I am sure some traders would also want to experience some volatility should the market rise just to make profits whiles holding their bitcoins.
But still only a few traders who want volatility without having to convert it again to Stablecoin. The risk of bitcoin totality is also very high. Some platforms such as Coinbase Commerce can be chosen by traders to use bitcoin and other altcoins such as ETH as a means of payment which will then be converted directly to stable coins.https://commerce.coinbase.com/
Here in India I saw Bitcoin QR code in one shop while visiting Delhi. That was the only time when I saw the "Bitcoin accepted". Now I may not find such signs anymore, because the government here is cracking down on Bitcoin usage. That said, it is possible to purchase groceries using Bitcoin in India (but not directly). You can convert your Bitcoins to Amazon or Flipkart gift cards, and then use these gift cards to purchase groceries from Amazon Pantry or Flipkart Supermart.
I think that is because most people don't know about crypto, especially bitcoin. And if they want to buy something at the supermarket, fast food, or another physical store, they can use credit and debit cards, which means they don't have to use fiat money. That prevents them from the Covid-19 spreads because of using paper money, and they can keep their hands clean. Besides using credit and debit cards, they also have another digital payment that store on their mobile phone, so they can directly deposit to their account, and they can buy what they want.
I am sure that in the future, we can use crypto to buy in the groceries and the local store, but perhaps, we are not only using bitcoin but also using the other coins as the payment system. It's a matter of time for people to know and learn crypto, and once they know the crypto, I think they will encourage each other to use crypto for many things, including buying at the local store.
I am sure that in the future, we can use crypto to buy in the groceries and the local store, but perhaps, we are not only using bitcoin but also using the other coins as the payment system. It's a matter of time for people to know and learn crypto, and once they know the crypto, I think they will encourage each other to use crypto for many things, including buying at the local store.
Explained! People can use bitcoin and other coins for paying, maybe it's not directly as we would want it, but even that is possible in some advanced towns, to not say countries, even in big countries there's a big difference in town and some village.
With so many multi coin wallets, with projects that works on connecting chains, there will be more possibilities of course. What people can do is to compare the situation before 2015 and now, the difference is huge and we are still growing.
Why not be able to accept bitcoin for groceries in the future? I know here in Chicago there are small little mini marts that currently bitcoin. Sure nothing on a large scale, but that doesn't mean that's not coming in the future. We are still in the first inning people, that's important to keep in mind.
An app which merchants or buyer can just send the Tether (USDT) instead of BTC when buying products may just work for this. This I think will make them comfortable in accepting BTC when they know its price can fluctuate immediately after receiving. Two things are solved in this process, less transaction fee and also stable money for them that they can cash out to fiat.
In our country, Gov will not let it happen. So the seller will not take a risk to open shops that accepts BTC. Also most of the BTC owners hold BTC as an asset, max of them don't want to use as a regular currency.
Actually that is an advantage for people that loves to Hold bitcoin,offering service or selling items in exchange for Bitcoin is much better option to accumulate more right?
We can actually do that even now. There is also one bar here in our place that accepting crypto coins like bitcoin to buy drinks and foods with them. And also there are online services that are already doing that. Here are some of it, though it wasn't updated.
- https://news.bitcoin.com/8-food-delivery-sites-that-accept-cryptocurrency/
I often use bitcoin to pay my bills, so if we are talking about on the increasing use of btc in the future, it will optimistically grow. Since many were already been aware on how to use bitcoin to spend it.
- https://news.bitcoin.com/8-food-delivery-sites-that-accept-cryptocurrency/
I often use bitcoin to pay my bills, so if we are talking about on the increasing use of btc in the future, it will optimistically grow. Since many were already been aware on how to use bitcoin to spend it.
Do you think that in the future it'll be possible to buy food or groceries with Bitcoin? I know that volatility is a huge issue for Bitcoin to be accepted as an alternative to traditional Fiat, but merchants and businesses could quickly convert Bitcoin to a stablecoin minimizing the risk of loss. What are your thoughts?
A really bright future awaits bitcoin and the whole blockchain concept as the outside world keeps learning more and more about the concept of blockchain and cryptocurrency with each day passing and just like you said, we're seen more and more platforms trying to leverage the potentials of of the crypto market by creating plugins and API's that let them receive payments through cryptocurrency. I believe the outside world will truly asset bitcoin massively if more improvement can be see to volatility, speed, security as well as scalability
Bitcoin's popularity has been increasing ever since the bull market of 2017 took place. Even with the pandemic, prices have recovered to their original levels (near $10k) in just a matter of months. More people are accepting Bitcoin worldwide, albeit at a slow and steady pace. I've seen many sites out there in the online world which accepts Bitcoin for goods and services. But the number of businesses and merchants accepting it for food or groceries are quite limited. In the physical world, supermarkets and even fast foods haven't even adopted Bitcoin yet. Fiat is still the predominant type of currency in the mainstream world, for buying items that are required for one's survival.
Do you think that in the future it'll be possible to buy food or groceries with Bitcoin? I know that volatility is a huge issue for Bitcoin to be accepted as an alternative to traditional Fiat, but merchants and businesses could quickly convert Bitcoin to a stablecoin minimizing the risk of loss. What are your thoughts?
It will take time, the possible reason why bitcoin is not accepted on small scale shops is due to the price volatility and legality issues. But some African countries accept cryptos for everything even for barber shops if I am remember it correctly.So in the places where inflation is way too high their people started using cryptos which will happen with other countries as well when their inflation started to increase out of their hand. Do you think that in the future it'll be possible to buy food or groceries with Bitcoin? I know that volatility is a huge issue for Bitcoin to be accepted as an alternative to traditional Fiat, but merchants and businesses could quickly convert Bitcoin to a stablecoin minimizing the risk of loss. What are your thoughts?
Bitcoin's popularity has been increasing ever since the bull market of 2017 took place. Even with the pandemic, prices have recovered to their original levels (near $10k) in just a matter of months. More people are accepting Bitcoin worldwide, albeit at a slow and steady pace. I've seen many sites out there in the online world which accepts Bitcoin for goods and services. But the number of businesses and merchants accepting it for food or groceries are quite limited. In the physical world, supermarkets and even fast foods haven't even adopted Bitcoin yet. Fiat is still the predominant type of currency in the mainstream world, for buying items that are required for one's survival.
Do you think that in the future it'll be possible to buy food or groceries with Bitcoin? I know that volatility is a huge issue for Bitcoin to be accepted as an alternative to traditional Fiat, but merchants and businesses could quickly convert Bitcoin to a stablecoin minimizing the risk of loss. What are your thoughts?
Do you think that in the future it'll be possible to buy food or groceries with Bitcoin? I know that volatility is a huge issue for Bitcoin to be accepted as an alternative to traditional Fiat, but merchants and businesses could quickly convert Bitcoin to a stablecoin minimizing the risk of loss. What are your thoughts?
That could be possible once people and merchants have adapted the usage of Bitcoin and the whole cryptocurrency in order to purchase foods and other services provided that cryptocurrency like Bitcoin would be use as a payment option.
Only that can be possible if the increase of demand on using cryptocurrencies to buy food and groceries will take place so merchants will going to adjust into the people's demands and make a way for the acceptance of using Bitcoin would happen. Before such thing could happen, people must first know the importance and usage of Bitcoin for them to be able to adapt on using such currency to purchase daily life needs like groceries and other services as well.
From companies in the future, I am sure that this currency will be used in the future to buy food, clothing and many other important goods in our daily life, but it is impossible to become the bitcoin currency Stable currency The thing that distinguishes this currency is the currency being decentralized and unstable
Bitcoin is used now to do a lot of transactions, it is used to pay for purchase of goods and services, used to pay in hotels and dancing bars etc. Did you people just think bitcoin is the third largest payment method in Italy, which mean it is used even for daily purchase in such country. There are some countries that are even using cryptocurrencies like normal fiat for transactions since some years back, good examples are Slovenia and many other European countries.
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