Topic: Coins with daily usability - page 2. (Read 253 times)
For me now, the coin is the one that makes a profit. And this coin will be considered a daily use for me. Since I am always looking for those coins in the cryptocurrency market that, according to my forecast, will fall or rise in price in the near future. In order to make a profit later when selling coins. And so I do every day using cryptocurrency exchanges where you can sell the most popular coins. And after selling coins, I buy BTC to use them on different services to buy the right things.
Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?
This is exactly what many altcoins tried to do in the first few years of their inception. However things took a different turn which smashed their optimism. You see, you need merchants accepting an altcoin as payment for that dedicated service. Or they have to start a new chain of services under a name in order to sell their products or services in exchange of that token. Starting this from scratch is a whole different ballgame. Most companies who were raising capital in the first years of ICO craze wanted to do this but after understanding the reality they stepped back and changed their vision to something less daunting eventually dying out.Such ventures will take time and a lot of investment from the owners to compete with the existing market leaders. Hence it is difficult for a niche group to start this. But maybe in future we will see more adoption in crypto and gradually commonly known merchants will be accepting bitcoin, altcoins and their own specific token as well.
That's what Bitcoin is lol, it's can be used as a currency for daily transactions. I believe you're live in where Bitcoin is still in grey area or didn't accept Bitcoin at all, if you're live in El Salvador, you will see many businesses already accept Bitcoin payment as an alternative, so you can pay anything with Bitcoin. However if you want to try to buy stuffs with Bitcoin, then this thread will help you [LIST"] Where to spend Bitcoin?
I think only a few coins can be used depending on where you live and whether the store you are going to supports crypto payments, but what I often hear is that the coins that can be used are BTC, Doge, XRP (if I'm not mistaken.) because I only read articles never make transactions directly
DId you meant if you can spend your coin to be used to buy a ticket, foods and something else as usability for your token? why don't you convert to the cash and then you can use it to buy something else? I think that if it will be very complicated but im sure that whole of legit tokens have ability to be used for what you have mentioned above but the problem is whether the service was accepting it or not. That's why using some service by exchange sites make you able to fully using it.
As far as I understand Altcoins are rarely used, for everyday payment methods, indeed many companies use smart contracts on several altcoin platforms. But in the biggest daily use case is Bitcoin which used every day, by both sellers and buyers. You can also see who has the highest nominal in the Market Cap, and also many shops around the world that have accepted Bitcoin payments. Anyway we also have countries that legally adopted Bitcoin and become the currency of that country, you can look for more news in any media about this.
Any coins can be used for those things. The ability was coming when you are using pay service. The coin like binance coin was giving you ability to make your binance pay service available and you can use it for your daily needs like shooping, buying something else like fuel and many more. So, it's not all of coins were able to be used for that but as long as you are using the service like binance pay and your coin can be spent for your daily activity.
The point is if you must have registered as the use for the service like binance pay. The same thing when you were signing up into the apple pay
^ Why not choose BTC alone?
All you have said above was the usability of BTC and for sure there is more usability that can BTC do but usually, people choose to store value than use it as a currency. In altcoins, they have different functions, you can use them all in one coin only even in ETH.
Sorry but I did not hear any when it comes to payment, only BTC can do and is widely accepted.
All you have said above was the usability of BTC and for sure there is more usability that can BTC do but usually, people choose to store value than use it as a currency. In altcoins, they have different functions, you can use them all in one coin only even in ETH.
Sorry but I did not hear any when it comes to payment, only BTC can do and is widely accepted.
Well you can but as the price fluctuates and you buy with your gains, every time you make a purchace you need to reserve taxes to pay for that too. Unless you are trying not to get caught by irs or who ever deals with taxes on country you live in.
A large number of stores which accept bitcoin and other cryptocurrencies can be found googling. At present you might find stores accepting bitcoin and other cryptocurrencies, but they might not be having the service you need. So, you need to go find the one you need. With time this will change and we can find every store having the wallet QR code for receiving the cryptocurrency payments.
Right now El Salvador, Brazil and Venezuela seems to have majority of the stores with cryptocurrency payment access. In an documentary saw a street vendor accepting bitcoin payments in Venezuela.
Right now El Salvador, Brazil and Venezuela seems to have majority of the stores with cryptocurrency payment access. In an documentary saw a street vendor accepting bitcoin payments in Venezuela.
up until now, bitcoin is the leading cryptocurrency when it comes to payment method. even if we say, the fees are expensive or the confirmation is too slow. still, most users and merchants are promoting the use of btc. though there are secondary alts like xrp, ltc, bnb or eth. still the most known crypto when it comes to payment sector is BTC. so the usability depends on the person and the availability of the merchant that will accept your btc payment. this is your job to know shops which are accepting crypto around your area, because some of them are not advertising it openly.
Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?
^ Why not choose BTC alone?All you have said above was the usability of BTC and for sure there is more usability that can BTC do but usually, people choose to store value than use it as a currency. In altcoins, they have different functions, you can use them all in one coin only even in ETH.
Sorry but I did not hear any when it comes to payment, only BTC can do and is widely accepted.
Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?
Peoe just say bitcoin is a store of value, why couldn't you use bitcoin for things like this. People use bitcoin for these things right now. You are only gonna get responses from people who want to pump theor bags. I wouldn't listen to anyone pitching a specific coin.
A large number of stores which accept bitcoin and other cryptocurrencies can be found googling. At present you might find stores accepting bitcoin and other cryptocurrencies, but they might not be having the service you need. So, you need to go find the one you need. With time this will change and we can find every store having the wallet QR code for receiving the cryptocurrency payments.
Right now El Salvador, Brazil and Venezuela seems to have majority of the stores with cryptocurrency payment access. In an documentary saw a street vendor accepting bitcoin payments in Venezuela.
Right now El Salvador, Brazil and Venezuela seems to have majority of the stores with cryptocurrency payment access. In an documentary saw a street vendor accepting bitcoin payments in Venezuela.
Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?
there are thousands of people who use bitcoin to pay for travel, food, cell phone recharge, pay in hotels, pay bills, haven't you read that in El Salvador people can pay for things using bitcoin? from what i read there altcoins are not as used as bitcoin. I for example use bitcoin to buy cell phone recharge, I also use litecoin to buy cell recharge, if in my country I could pay more things using bitcoin I would pay without problems. unfortunately I still can't pay more things using bitcoin
So you are after something that will immediately reflect on the vendor's wallet?
OP just wants to campaign for altcoins, he must be angry about bitcoin crash
So you are after something that will immediately reflect on the vendor's wallet? There are a lot of other coins that can confirm faster than BTC like Doge and LTC or even XRP. You can try them all if you have no problem with all the issues thrown against them. One coin I do not recommend you using is ETH since transaction fees are higher than the rest.
Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?
Well, you have just said the crypto that has the high usage for those things and it's bitcoin.Other than that, it will all depend on those merchants, stores, and business establishments if they'll add another crypto for the payments for the products that they're selling to everyone.
But usually, we see that it's not just bitcoin that has it but some of the top altcoins as well. Another factor is the location, if there's not that much crypto adoption in an area, whether it is bitcoin, you barely see those acceptance of crypto payments.
Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?
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