Crypto as a payment method for goods: what to expect in 2019 - page 18.

gabmen

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Quote from: Noa_Amable on February 22, 2019, 07:36:19 AM

Quote from: sunsilk on February 16, 2019, 12:24:59 PM

Quote from: Arsen2281 on February 15, 2019, 04:21:31 PM

Quote from: 89squad on February 15, 2019, 04:13:46 PM

Let's think logically. The use of cryptocurrency as a means of payment will be massive as soon as there is more confidence in it. And trust will be when the course of the coins will be stable and adjusted.

It sounds good, of course, but the cryptocurrency will be regulated for a long time, since each country has its own views on this matter. Some perceive it as money and others as property.

It will be regulated for some reasons but crypto is crypto, we can use it without regulation and I think it will just depend on what country you are living.

And what we need to expect is that there will be more people that will start using it few years from now. It's popularity is unstoppable and knowledge about it by the people is growing.

in general - yes, crypto is crypto and it could not be regulated totally.
still if it is not regulated - it will not be used as a payment method in offline.

Well if we're talking about 2019, such use of crypto would be limited. Aside from lack of regulation, it's still fluctuating a lot to be used as a regular means for doing transactions. In time of course we'll get there with the regulations in place and i think it's going to be a very productive bitcoin onwards.

Noa_Amable

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Quote from: sunsilk on February 16, 2019, 12:24:59 PM

Quote from: Arsen2281 on February 15, 2019, 04:21:31 PM

Quote from: 89squad on February 15, 2019, 04:13:46 PM

Let's think logically. The use of cryptocurrency as a means of payment will be massive as soon as there is more confidence in it. And trust will be when the course of the coins will be stable and adjusted.

It sounds good, of course, but the cryptocurrency will be regulated for a long time, since each country has its own views on this matter. Some perceive it as money and others as property.

It will be regulated for some reasons but crypto is crypto, we can use it without regulation and I think it will just depend on what country you are living.

And what we need to expect is that there will be more people that will start using it few years from now. It's popularity is unstoppable and knowledge about it by the people is growing.

in general - yes, crypto is crypto and it could not be regulated totally.
still if it is not regulated - it will not be used as a payment method in offline.

sunsilk

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Quote from: Arsen2281 on February 15, 2019, 04:21:31 PM

Quote from: 89squad on February 15, 2019, 04:13:46 PM

Let's think logically. The use of cryptocurrency as a means of payment will be massive as soon as there is more confidence in it. And trust will be when the course of the coins will be stable and adjusted.

It sounds good, of course, but the cryptocurrency will be regulated for a long time, since each country has its own views on this matter. Some perceive it as money and others as property.

It will be regulated for some reasons but crypto is crypto, we can use it without regulation and I think it will just depend on what country you are living.

And what we need to expect is that there will be more people that will start using it few years from now. It's popularity is unstoppable and knowledge about it by the people is growing.

South Park

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Quote from: 56 nights on February 01, 2019, 12:42:39 AM

Hi guys.
I'm wondering what's your opinion on the goods purchased in currencies other than euros or dollars, say crypto. I'm aware it's being used as a regular currency in various fields now. There are, for instance, lots of successfully run marketplaces based on crypto out there.
Over the past year, the market capitalization within crypto soared to the Moon. Unfortunately, it's been a bear trend for a while now and no one can say for sure when it's gone. However, I am still thinking there's some light at the end of the tunnel - new market, pretty few competitors, great potential. So it's high time to become an active user.

So that begs the questions: Your thoughts on crypto as a payment method? Any progress achieved in the upcoming year?

We need the lightning network, it is as simple as that, as soon as the price of bitcoin goes up the network gets very busy and you need to pay huge transaction fees to get a confirmation in a decent amount of time, however even getting a confirmation in 10 minutes on average is not good enough, if we want bitcoin to be used to buy goods we need this process to be many times faster and until that happens I do not see massive adoption happening at all.

Glorious04

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Pretty good idea but not all investors/merchants are willing to take risks in doing this idea specially during this bear season and since can be able to tell when will this season be over, its quite difficult for them to dip their hands on this. Nobody wants to lose in business so they would better choose something that's already been tested and proven, fiat.

Arsen2281

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Quote from: 89squad on February 15, 2019, 04:13:46 PM

Let's think logically. The use of cryptocurrency as a means of payment will be massive as soon as there is more confidence in it. And trust will be when the course of the coins will be stable and adjusted.

It sounds good, of course, but the cryptocurrency will be regulated for a long time, since each country has its own views on this matter. Some perceive it as money and others as property.

89squad

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Let's think logically. The use of cryptocurrency as a means of payment will be massive as soon as there is more confidence in it. And trust will be when the course of the coins will be stable and adjusted.

Ozero

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This year I do not think that there will be any big changes on the issue of using cryptocurrency as a means of payment. The price of cryptocurrency has now fallen, the activity of investors as well. The high price volatility of cryptocurrency does not help it to be widely used to pay when paying for goods and services.
In general, it depends on whether the cryptocurrency will be legalized in most states and what its official status will be. While the stage of legalization of cryptocurrency will not pass, it is too early to talk about it on a global scale.

Dimas99

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Quote from: romero121 on February 01, 2019, 03:45:50 AM

As mentioned crypto payments were getting integrated with large scale businesses. This starts from even small shops located on rural part of the nation. Right now these stores weren't generating big revenue through bitcoin acceptance. Slowly this will change with more and more revenue being generated through crypto services.

everything can happen along with the development of the jan and the most important time now is the problem of the legality of crypto currency that is very much needed if legality can occur any payment system will be easily implemented

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Quote from: St4yInTh3D4rk on February 01, 2019, 03:31:54 AM

Just wait for it but I don't think it is going to get much progress in 2019 as a payment system since the prices fell too much so firstly the prices need to recover and then it convinces people to invest more and then it maybe considered as a payment system looks like a longer process for me.

Yes agree, we have to wait, but when is that time? It's very difficult to answer. Public confidence in crypto is decreasing, and of course, it will hinder this goal. At present, there may be more shops that accept payment with cryptocurrency, but it is not a guarantee for crypto recovery this year. Market recovery is the key to the problem.

bajingluncat

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making bitcoin as a means of payment means making it a currency, it can be done with the sophistication of technology, everything can happen, but I'm sure now, everything applies only to the community, not yet used freely, because it's difficult, there are still many countries that can't accepts bitcoin as a currency and accepts it only as an investment asset, because it's too regulatory default.
For this year in the future, certainly there are no clear predictions, the market is still at a place, there is no sign that prices will rise, while FUD and other negative news are increasing, to be an investment asset, I am still a leader, bitcoin is able to attract new investors especially to be a currency, for now it all feels far away

bitbunnny

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Many businesses are still reluctant to accept Bitcoin as a payment. They still find it expensive and risky. I think regulation is something that might help with that. But with time more and more people will want to pay with Bitcoin and other cryptocurrencies so businesses will have to adjust and payment models will improve and become more inovative and user friendly so I'm not afraid for Bitcoin as a payment method.

aad140386

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simply getting the job done

I think that would be very much in demand. But it is necessary to create mechanisms for payment to occur quickly and with a low commission and a stable exchange rate of cryptocurrency. So far this is difficult to implement, but many companies are already integrating Bitcoin into their financial system. And many of these companies are fairly large online retailers such as Newegg and Overstock. Of course, everything is just beginning, and payment mechanisms will be improved. It is possible that soon Bitcoin will be able to pay in cafes or restaurants.

anggi

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Quote from: cizatext on February 07, 2019, 12:20:08 PM

I think a lot of new stores are going to open for bitcoin as a means of making payment on their platform and at that it will further enhance and increase the market capitalization for bitcoin because it will increase the demand for bitcoin.

yes, but it's mostly online, but in the form of offline, we still find very few people who use crypto as a payment tool. well, but I think the rapid development of crypto will make it a pretty good payment method.

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Quote from: cizatext on February 07, 2019, 12:20:08 PM

I think a lot of new stores are going to open for bitcoin as a means of making payment on their platform and at that it will further enhance and increase the market capitalization for bitcoin because it will increase the demand for bitcoin.

I think it will be difficult for countries that have not legalized bitcoin, in my country there were many cafes which facilitated bitcoin payments, but because it was not legal, they were advised not to accept payments using btc. of course, if violated there will be a law that is implemented, I only hope that this year BTTC will be on the stock exchange

Vitus_Nansen

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Quote from: Bear_Cub on February 07, 2019, 03:49:50 AM

I read the discussion and have a question. What cryptmarketplaces are reliable there? Was it worth investing in crypto at all and buying goods using it?

Here are examples of crypto marketplaces: Openbazaar, Modultrade, Purse, Landhodler, eGifter

cizatext

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I think a lot of new stores are going to open for bitcoin as a means of making payment on their platform and at that it will further enhance and increase the market capitalization for bitcoin because it will increase the demand for bitcoin.

OrangePotato

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Quote from: eatwhatyoukill on February 07, 2019, 03:38:40 AM

Quote from: 56 nights on February 07, 2019, 03:24:26 AM

Quote from: outside today on February 07, 2019, 02:46:36 AM

I'd like to know more about marketplaces' processes. How goes the payment? Is there a possibility to track the package?

There are several payment options, but I chose the most suitable one for myself. The main point is that you don’t transfer the currency immediately to the seller, but create a smart contract. You throw a crypt on a smart contract, it is stored there until the moment you receive the goods, as soon as you confirm receipt - the crypt will be sent to the seller. If we talk about tracking, both sides are watching the movement of goods and the release of funds to the seller.

This payment system reminds me of escrow-deals. Three parties take part in such a transaction: the seller, the escrow service and the buyer. But the essence is the same, the money is finally transferred to the seller’s account only upon confirmation of receipt of the goods. As for me, it makes no sense to bother with the bank, MT and so easy payment.

You have to pay fees for the escrow, that's not always an option. Smart contracts are friendlier in this point.

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Quote from: QuickMaths on February 07, 2019, 04:20:16 AM

Quote from: Bear_Cub on February 07, 2019, 03:49:50 AM

I read the discussion and have a question. What cryptmarketplaces are reliable there? Was it worth investing in crypto at all and buying goods using it?

Is it worth investing? It's up to you. That way of purchasing goods could be suitable for one and useless for another. Personal preferences, that's how it works.

What about the fact that crypto marketplaces have some items you are not able to buy in stock markets?

QuickMaths

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Quote from: Bear_Cub on February 07, 2019, 03:49:50 AM

I read the discussion and have a question. What cryptmarketplaces are reliable there? Was it worth investing in crypto at all and buying goods using it?

Is it worth investing? It's up to you. That way of purchasing goods could be suitable for one and useless for another. Personal preferences, that's how it works.

Topic: Crypto as a payment method for goods: what to expect in 2019 - page 18. (Read 17387 times)