Topic: Crypto as a payment method for goods: what to expect in 2019 - page 3. (Read 17351 times)
Do you know what are the most advanced states in terms of crypto?
Stable coins might make its way out, and gateway projects had good technical progress with valid use case, whats remaining is adoption and its core competence on existing instruments. Weaknesses of crypto even Bitcoin being unstable to market deters alot. Still there's way for merchants to opt in. 2019 we could see small big players to shine at least after the crypto-winter, and when the market drives up again. You might just order some expensive goods through crypto
The 2 biggest hurdles are
1) Getting crypto into the hands of people who don't have it so they can spend it, this would require banks or money services such as paypal/western union etc to offer easy, fast, and cheap crypto funding into your wallet.
2) Getting people to spend it, tougher in a bull market as there is the mindset of "losing money" and because transaction fees jump.
At the moment its vastly easier, safer, and cheaper to opt for using your credit card over crypto especially for people who don't have any yet.
1) Getting crypto into the hands of people who don't have it so they can spend it, this would require banks or money services such as paypal/western union etc to offer easy, fast, and cheap crypto funding into your wallet.
2) Getting people to spend it, tougher in a bull market as there is the mindset of "losing money" and because transaction fees jump.
At the moment its vastly easier, safer, and cheaper to opt for using your credit card over crypto especially for people who don't have any yet.
I think the future might be solid for Bitcoin in particular. I read a few day ago that AT&T is now accepting Bitcoins. It's just a matter of time for others to catch up.
Maybe it will happen because of Bakkt. The giant technology that will integrate in cryptocurrenccy or use cryptocurrencies in their new system may give away from crypto space to reach its golden era. Right now, we just need to wait if it will be a break for bitcoin or it is just a news. If ever, crypto payments in 2019 would become possible. How I wish I can use my digital currency in buying my goods.
The market place is growing fast on base of crypto .I have seen a lot of site they are using crypto as a payment .I never use it but i always meet someone who purchase good in different time and used crypto as a payment .The new platform are growing gradually in year 2019 and coming year .so that we will see a huge marketplace on base of crypto and we can purchase goods and many other essential thing what we need as well.
I see cryptocurrency as an investment that is eventually booming from every success the project has, not just specifically BTC but I'm also referring to some altcoins that has a good platform and huge community. For the payment method in all sorts, I think it is better to stay safe on using the fiat cuz it's value is static you will not have to worry to its fluctuating value whenever buying
Bitcoin has been easy to use as a payment method since the Lightning Network feature has been introduced, but the Bakkt project has to enter our lives in the near term to spread this business to the base of society. With Bakkt, payments can be made with Bitcoin in daily life.
You can use Bitcoin as money but you need to spend time to find the stores and the places where you can use it. Still, it is more convenient to make financial operations using fiat, even if you do it online.
It is unlikely that something will change significantly this year in the matter of introducing cryptocurrency into our life as a payment method. The states are very reluctant and slowly legalize cryptocurrency, and without it, it cannot develop as a means of payment. A very big problem for using it as a means of payment in trade is the high price volatility of cryptocurrency. This problem can be solved by using special bank cards in which it will be possible to withdraw a cryptocurrency from the account, however, the calculations will actually be made in local currency. However, this requires a lot of time.
The high volatility in price of crypto currency doesn't affect crypto been use as payment method and I believe you're not updated about what's happening in crypto sphere because we already have bunch of companies/projects which offer crypto card that make crypto payment seamlessly but what hinder crypto been use as payment method was the legalization of crypto currency by some governments.
The use of cryptocurrencies as a payment method has been discussed over and over again and i think we are seeing some steps in accomplishing that in the sense that i read that Ebay plans to accept cryptocurrencies as a payment method. Samsung has also built into its latest phone a cryptocurrency wallet. I believe we are still moving towards the success landmark of using cryptocurrencies to make payments but let's give ourselves like 5 years time and maybe this could be materialized.
Just as the adoption increases each year, there is much trust in the fact that 2019 will also have another increase in cryptocurrency integration into payment methods. The adoption is moving with a slow pace because of other factors like governmental issues and difficulties faced by non-tech people to utilize cryptocurrency. Anyway, this cannot stop the progress of cryptocurrency. Cryptocurrency will certainly become another major payment method across all borders.
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?
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?
I think Yanu token makes cocktail purchaces very easy to use and understand, plus they have a strong project with a real product
Goods bought using bitcoin in my opinion will not change too much in this year I think. The most type of goods are one time internet services like vpn licence or some marketing campaigns.
It is unlikely that something will change significantly this year in the matter of introducing cryptocurrency into our life as a payment method. The states are very reluctant and slowly legalize cryptocurrency, and without it, it cannot develop as a means of payment. A very big problem for using it as a means of payment in trade is the high price volatility of cryptocurrency. This problem can be solved by using special bank cards in which it will be possible to withdraw a cryptocurrency from the account, however, the calculations will actually be made in local currency. However, this requires a lot of time.
The high volatility in price of crypto currency doesn't affect crypto been use as payment method and I believe you're not updated about what's happening in crypto sphere because we already have bunch of companies/projects which offer crypto card that make crypto payment seamlessly but what hinder crypto been use as payment method was the legalization of crypto currency by some governments. 
In my country is getting worser and worser. It is harder to buy Bitcoin this year with credit cards this year than it was before few years ago. I do not see any good changes in 2019., because we need better regulation, and governments are too slow, beside that, it is not in their interest to start accepting cryptos, because banks are paying them.
Despite of that, i would like to have a freedom faster!
Despite of that, i would like to have a freedom faster!
It is unlikely that something will change significantly this year in the matter of introducing cryptocurrency into our life as a payment method. The states are very reluctant and slowly legalize cryptocurrency, and without it, it cannot develop as a means of payment. A very big problem for using it as a means of payment in trade is the high price volatility of cryptocurrency. This problem can be solved by using special bank cards in which it will be possible to withdraw a cryptocurrency from the account, however, the calculations will actually be made in local currency. However, this requires a lot of time.
Crypto is always relevant as a payment method, no matter how much Bitcoin costs. People bought for crypto when bitcoin cost one dollar and when it cost twenty thousand dollars. In 2019, people will also buy and sell for cryptocurrency. Despite the price.
You are correct, and despite ups and downs people are joining, some to hold, some to trade, and some are buying things with bitcoins. What to expect from this year? I expect same things I always expect, community to grow, cryptocurrencies to be more popular around the globe, more merchants accepting crypto payments. Thats happening for years, and I believe that growth will continue in upcoming years too.
Crypto is always relevant as a payment method, no matter how much Bitcoin costs. People bought for crypto when bitcoin cost one dollar and when it cost twenty thousand dollars. In 2019, people will also buy and sell for cryptocurrency. Despite the price.
Using Cryptocurrency as a form of payment is a goal that everyone expects it to achieve. Due to many objections and obstacles from governments, many developers do not accept Crypto as official payment currency. But there are still many traders who use it as a currency to make transactions with each other. Many ICO projects use this idea to attract investors, but almost all projects fail.
To me ICOs are not that popular anymore, we've got exchanges and e-commerce to get ico implementedAgree to this, cryptocurrency was very an essential way to have a transaction. Here in our country, there is an app that allows to pay bitcoin for cellular loads and online game currency. It also allows to pay some bills using bitcoin. This app was already implemented long ago and I'm a verified user of it.
Here is the wallet coins.ph
Crypto adoption is have been slow in recent years and many shops are still not aware that there some kind of virtual currency in the online world that can be use in any kind of transactions. This year might be different because the market is bullish due to continues climb of bitcoin and some altcoins. During this uptrend of bitcoin, many merchants and investors might get interested in the cryptocurrencies and the bussiness people might try to use bitcoin as a payment in buying their goods.
Exactly, today there are still few shops that are using crypto out there. And these are IT shops for the most part. Speaking about bitcoins, I think it's risky to use them as a payment method.Jump to: