Topic: Buying food or groceries with Bitcoin - page 7. (Read 1609 times)
Bitcoin had a very popular popularity in various parts of the world and it has been used by many companies from where I am using. This coin is used to buy some toys from stores and there are also many. Some of the museums that offer goods have started relying on the coded case and I have heard that Amazon store has begun to accept bitcoin currency and I am sure that this currency will be relied on by the slave. 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 gaining popularity day by day. If it can continue this trend it will become a widely used online currency. I think you will be able to pay for all the necessities of life, not just food and groceries. However, I do not know when the government of the countries where bitcoin has been banned will have good sense. They do not agree that there are many good aspects of Bitcoin in terms of usage. If this problem is solved, one day it will become very popular for payment of any product all over the world.
i think if there will be supermarkets that are already accepting bitcoin, some crypto users already have tried their service. but up until now, i havent seen any grocery that is accepting bitcoin. but yes, this will be possible in the next coming years. as large ecommerce sites are starting to integrate btc, large supermarkets will follow and maybe our local supermarket afterwards.
so it is only a matter of time to have crypto in supermarkets.
https://www.finder.com.au/iga-grocery-stores-to-start-accepting-cryptocurrency
https://news.bitcoin.com/brazilian-supermarket-chain-now-accepts-payment-in-bitcoin/
Its good to see the adoption and we can say that it is indeed possible even if there are flaws towards volatility.
It is not news that there are some people already accept the use of the bitcoin because most of them are using this too before only a few people see the potential of the bitcoin as payment but with the will of the people to make an earning and adopt the use of it they make an innovation to accept it.
Most of the possible thing that can help with the use of the blockchain is the RFID and Barcode scanner because this is one of the most famous and easier ways of payment if they will direct that scanner to the wallet address and send the funds.
i think if there will be supermarkets that are already accepting bitcoin, some crypto users already have tried their service. but up until now, i havent seen any grocery that is accepting bitcoin. but yes, this will be possible in the next coming years. as large ecommerce sites are starting to integrate btc, large supermarkets will follow and maybe our local supermarket afterwards.
so it is only a matter of time to have crypto in supermarkets.
There is a chance that they will not accept the use of the bitcoin for now because some of the countries are now recovering at the same time the bitcoin does not have a good market price and one of the biggest enemies of the people who want to use this is the market volatile it's a big loss to them if they still support the bitcoin when the market falls.
Most of the possible thing that can help with the use of the blockchain is the RFID and Barcode scanner because this is one of the most famous and easier ways of payment if they will direct that scanner to the wallet address and send the funds.
Bitcoin is gaining popularity day by day. If it can continue this trend it will become a widely used online currency. I think you will be able to pay for all the necessities of life, not just food and groceries. However, I do not know when the government of the countries where bitcoin has been banned will have good sense. They do not agree that there are many good aspects of Bitcoin in terms of usage. If this problem is solved, one day it will become very popular for payment of any product all over the world.
i think if there will be supermarkets that are already accepting bitcoin, some crypto users already have tried their service. but up until now, i havent seen any grocery that is accepting bitcoin. but yes, this will be possible in the next coming years. as large ecommerce sites are starting to integrate btc, large supermarkets will follow and maybe our local supermarket afterwards.
so it is only a matter of time to have crypto in supermarkets.
There is a chance that they will not accept the use of the bitcoin for now because some of the countries are now recovering at the same time the bitcoin does not have a good market price and one of the biggest enemies of the people who want to use this is the market volatile it's a big loss to them if they still support the bitcoin when the market falls.
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?
I don't think that it will happen soon but it isn't impossible to happen since most transactions now are usually done online or through the use of the latest technology. There are actually a few merchants who are starting to accept bitcoin payment in our country. We only need adoption and more people to recognize the use of cryptocurrency.
I don't think that grocery markets accepting Bitcoin will be so popular in the future. It's a cool startup idea and can improve crypto adoption, but it isn't very convenient for retailers.
I don't think at that time we are still talking about the cryptocurrency adoption.
If we will be at that time, then that means the demand of Bitcoin and other cryptocurrency is so high that people are actually using it and the price might be so high. It is not a choice or an option for merchants and stores to accept it, they will automatically consider it since people are already using it.
It is convenient for those people but right now, they can't just get ahold of the volatility of it.
Bitcoin is gaining popularity day by day. If it can continue this trend it will become a widely used online currency. I think you will be able to pay for all the necessities of life, not just food and groceries. However, I do not know when the government of the countries where bitcoin has been banned will have good sense. They do not agree that there are many good aspects of Bitcoin in terms of usage. If this problem is solved, one day it will become very popular for payment of any product all over the world.
i think if there will be supermarkets that are already accepting bitcoin, some crypto users already have tried their service. but up until now, i havent seen any grocery that is accepting bitcoin. but yes, this will be possible in the next coming years. as large ecommerce sites are starting to integrate btc, large supermarkets will follow and maybe our local supermarket afterwards.
so it is only a matter of time to have crypto in supermarkets.
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 is gaining popularity day by day. If it can continue this trend it will become a widely used online currency. I think you will be able to pay for all the necessities of life, not just food and groceries. However, I do not know when the government of the countries where bitcoin has been banned will have good sense. They do not agree that there are many good aspects of Bitcoin in terms of usage. If this problem is solved, one day it will become very popular for payment of any product all over the world.
Little time we need until government will finally open the door to accept bitcoin as currency. 
Bitcoin is gaining popularity day by day. If it can continue this trend it will become a widely used online currency. I think you will be able to pay for all the necessities of life, not just food and groceries. However, I do not know when the government of the countries where bitcoin has been banned will have good sense. They do not agree that there are many good aspects of Bitcoin in terms of usage. If this problem is solved, one day it will become very popular for payment of any product all over the world.
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 possibility could happen, as long as the local government legalized buying and selling transactions using bitcoin. When will it happen? I don't know, because so far I think national currency is very effective for instant and micropayments, so there is no urgent reason to use cryptocurrency. If we look at the corona pandemic, where non-cash payments are preferable to avoid physical contact, then there is an alternative to using e-money. Once again, cryptocurrency is not yet a superior alternative. But it does not rule out the possibility that someday, as cryptocurrency adoption becomes more widespread, technological development is more advanced, people will become more familiar with crypto finance, the things mentioned by the OP can happen.
I am among those who believe that food can be bought with bitcoin in the future, we only need to do a bitcoin promotion continuously,
so there will be many businesses and merchants that accept payments with bitcoin. Most people now use bitcoin for trading and investment,
that's why the common people do not recognize bitcoin as currency. Starting from ourselves from now on try spend bitcoin by buying food or
something. So there will be many people affected to use bitcoin as a currency.
so there will be many businesses and merchants that accept payments with bitcoin. Most people now use bitcoin for trading and investment,
that's why the common people do not recognize bitcoin as currency. Starting from ourselves from now on try spend bitcoin by buying food or
something. So there will be many people affected to use bitcoin as a currency.
Do you think that in the future it'll be possible to buy food or groceries with Bitcoin?
I'm sure it will be an option. 10 years ago you weren't able to order food with Bitcoin and now you can. There are even services that connect multiple food delivery services and accept bitcoin payments. With LN it will be much easier and much cheaper, so I bet groceries will also be a thing.
The question is whether people will choose to spend their valuable coins instead of fiat money. IMO this is going to be a bigged deterrend than volatility because you can run payments through a service that will convert it instantly into fiat money, so there's no risk for the merchant that he'll get less than he should.
I prefer to spend fiat and hold bitcoin whenever I can so spending it on grocerise isnt going to become a big trend, rather a niche thing.
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.
Buying food or groceries with Bitcoin is a good idea but there is some problem. The price of Bitcoin is very volatile so many people are not interested in buying and selling everyday items with it. Moreover, Bitcoin's transaction fee is a little high at present that many people are not interested to pay for small transactions due to high transaction costs. Yet most people collect bitcoin usually for trade and to earn income from it. Many top companies already accepted bitcoin but if it is possible to maintain the price stability of Bitcoin and make the cost of its transactions less, it will be possible to buy and sell food and groceries worldwide.
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.
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If Bitcoin will more stable than running situation then all online shop and groceries will be wanted to accept it and we will could buy things at cheaper rate. I think all renowned online shop like AliExpress, amazon they will accept BTC very soon, because now the demand for bitcoin is increasing worldwide, and online stores will accept BTC for the sake of their business, because the "advantage of the buyers payment method" is more important to them. The day is not far when we will have the opportunity to use bitcoin everywhere.
I don't think that grocery markets accepting Bitcoin will be so popular in the future. It's a cool startup idea and can improve crypto adoption, but it isn't very convenient for retailers.
Volatile price is the factor here. Suppose retailer buy a pen with 0.0001btc, next day the price of btc may go up or down and price of the pen will fluctuate too. But in future, btc will be more stable. Undoubtedly btc is profitable digital currency in theory. In reality the way is not easy. But crypto is quite secure and reliable asset and In my opinion, crypto will cover all aspects of life, in future 
There are a lot of factors to be considered before bitcoin get such scenerio. Bitcoin don't have the easiness of using as of fiat. You can carry a card and pay with that while with bitcoin, there are barely any of such cards existed. Most of the people won't use it because of the volatility and so does the merchant themselves. It's one of the resistances toward real life adoption. I guess we need more times; more development, more of services which can settle the volatility, easiness of use etc.
In my country, I don't see any grocery store, etc. personally but I heard in the capital city there are one or two mini-stores that accepts bitcoin. Since 2017 I don't see any improvement in that I only see bitcoin ATM was added by one bank. Back to the topic, I have seen some videos before by some vloggers paying with bitcoin on japan on several stores which are really amazing. I don't know what system those stores are using on phone but it confirms very fast but not as fast like credit cards or bank's digital wallets which is pretty instant. I hope those stores are not using large fees to make it faster 
I found 1 video: https://www.youtube.com/watch?v=qbNG66nQdqA
I found 1 video: https://www.youtube.com/watch?v=qbNG66nQdqA
So crypto cards make it very easy to pay with bitcoin and other crypto currencies. You pay with your BTC and the merhant will receive fiat. The only problem here is still the volatility of your cryptos.
It is easier to pay, but just imagine that you are planning to buy just small amount of goods to pay but the fees are overwhelming. Unless you do buy in bulk, I guess it's not worth it to pay more fees just for small stuff. Unless you are wealthy enough. That's it, volatility is the main issue of bitcoin
its volatile nature of prices is a barrier.
That's is much easier if merchants are not afraid with volatilities
I do not agree with all this talk about volatility. There are plenty of ways in which merchants can protect themselves from volatility. There are third party payment processors, such as CoinPayments and CoinGate, who will handle everything for the merchant, give a USD-adjusted price in bitcoin to their customers, let the customers pay in bitcoin, and then immediately deposit a converted amount of USD (or other fiat) to their accounts. The merchant is literally never exposed to any volatility at all. If they don't want to trust a third party, then they can use BTCPay to set up their own payment server, auto-forward any payments to their own account at an exchange and sell for fiat. The benefit of the latter option is the merchant can choose to keep some of the bitcoin as bitcoin and not convert it all, which they can then use to keep as profit, pay their suppliers, pay their staff, etc.The discussion above regarding fees does have some merit to it when the fees are high, but with the continued development of the Lightning Network, then hopefully this won't be as much of an issue in the future.
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