Crypto as a payment method for goods: what to expect in 2019 - page 4.

MrGreenMan

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Quote from: finaleshot2016 on May 10, 2019, 06:15:40 PM

Quote from: samlaode on April 23, 2019, 04:01:08 AM

Quote from: nnevergiveupp on April 23, 2019, 03:00:45 AM

Quote from: maianh09 on April 22, 2019, 05:42:15 AM

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 implemented

Investing in ICO is a big failure in 2018, not many people like it anymore. You are correct, Crypto is definitely a useful payment method, it will become more and more popular if it is not restricted by the governments of many countries.

Agree 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

Not only games can be paid in crypto. Today we can buy clothes and products for crypto. An online store ModulTrade has such possibilities.

56 nights

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Quote from: SkrrPaPa on May 16, 2019, 03:14:34 AM

Quote from: Seeker#9 on May 15, 2019, 12:37:07 AM

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.

It is fine to buy it quickly and now as it's not risky now. Even the crypto rate doesn't change that fast.

SkrrPaPa

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Quote from: Seeker#9 on May 15, 2019, 12:37:07 AM

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.

n0ne

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Quote from: Seeker#9 on May 15, 2019, 12:37:07 AM

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.

Rather than awareness there is no legal support and authorities promote the services. In my country if it gets legal support automatically each and every store will carry its own wallet QR to receive funds, because in recent days I've seen large number of mobile wallets doing the same. The representatives go shop by shop and give a small pad carrying the QR of their respective wallet and explain how transactions were received and how they get notified.

Seeker#9

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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.

finaleshot2016

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Quote from: samlaode on April 23, 2019, 04:01:08 AM

Quote from: nnevergiveupp on April 23, 2019, 03:00:45 AM

Quote from: maianh09 on April 22, 2019, 05:42:15 AM

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 implemented

Investing in ICO is a big failure in 2018, not many people like it anymore. You are correct, Crypto is definitely a useful payment method, it will become more and more popular if it is not restricted by the governments of many countries.

Agree 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

Activitycoin

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Quote from: alyssa85 on May 08, 2019, 04:31:17 PM

Quote from: deisik on May 08, 2019, 07:36:42 AM

Quote from: senin on May 07, 2019, 11:51:33 AM

A serious and practically unsolvable obstacle for business structures is the high price volatility of cryptocurrency. I know that many who first accepted cryptocurrency as a means of payment, then refused to use it for this reason

This obstacle is not as unsolvable as it seems

In fact, it is solved pretty easily if you are a cryptopayments processing provider (e.g. BitPay or CoinGate). As they aggregate cryptopayments from and to a lot of clients (e.g. online shops), they can hedge them in bulk, so to speak, and thus make themselves invulnerable and not susceptible to volatility (just in case, simple cryptocurrency users can do essentially the same). Other than that, I'm not sure if those companies which accepted crypto refused to accept for this reason exactly. It looks more like there was not many customers willing to pay with crypto in the first place

The delays in processing last December (where some transactions took about a week to get just one confirmation) scared away lots of retailers. On the other side of the equation, people don't like spending crypto, they hoard it.

I consider even a miner pump in crypto as very important because if we will keep it for long term even those miner movement will make huge progress and price will be above our expectations, let the market be high and just hold your breath for it very soon everything will be fine, in this age of digital currency I know crypto currency will be first priority to buy goods online.

Akonobea

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The use of cryptocurrency to make payments is still in growing stages and i have also heard that Samsung has installed a cryptocurrency wallet on one of their latest smartphones. This year might is likely we might see more online market platforms accepting cryptocurrencies as a method of payment for goods.

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Quote from: goaldigger on May 10, 2019, 06:16:18 AM

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 are all getting there soon. I think that the world is ready for cryptocurrency acceptance because it is already popular worldwide. If it will be legalized and officialy a payment method then im happy that i belong to the people who've known it for years now.

over time and technological developments, certain payments like cryptocurrency will be implemented and I'm sure of that. it's just that the government is not sure about ratifying cryptocurrency. cryptocurrency only needs support and recognition from leaders of a country.

goaldigger

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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 are all getting there soon. I think that the world is ready for cryptocurrency acceptance because it is already popular worldwide. If it will be legalized and officialy a payment method then im happy that i belong to the people who've known it for years now.

Irvinn

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So far, cryptocurrency is mainly used for speculative purposes as a means of accumulating value. To use cryptocurrency as a means of payment, it is necessary not only to legalize it, but also to create the corresponding infrastructure after that. However, it is hard for me to imagine that people will convert cash or non-cash currency into cryptocurrency, after which it will buy goods for it. It seems to me that the cryptocurrency will remain as a speculative tool. Everything will depend on how easy-to-use cryptocurrency will be in the end.

yusupjatigumilar

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In my opinion about merchandise trading using crypto currency payment methods, is one of the revolutions in the field of technology in trade finance, especially finance, with the internet we can interact with someone who is far away from us, and cryptographic currency is the solution when we I will trade without limitation of distance and time, in 2019 I think it will be a good year for the development of crypto currency technology after some time back experiencing many corrections due to several things. So keep thinking optimistically about businesses that use crypto currencies

alyssa85

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Quote from: deisik on May 08, 2019, 07:36:42 AM

Quote from: senin on May 07, 2019, 11:51:33 AM

A serious and practically unsolvable obstacle for business structures is the high price volatility of cryptocurrency. I know that many who first accepted cryptocurrency as a means of payment, then refused to use it for this reason

This obstacle is not as unsolvable as it seems

In fact, it is solved pretty easily if you are a cryptopayments processing provider (e.g. BitPay or CoinGate). As they aggregate cryptopayments from and to a lot of clients (e.g. online shops), they can hedge them in bulk, so to speak, and thus make themselves invulnerable and not susceptible to volatility (just in case, simple cryptocurrency users can do essentially the same). Other than that, I'm not sure if those companies which accepted crypto refused to accept for this reason exactly. It looks more like there was not many customers willing to pay with crypto in the first place

The delays in processing last December (where some transactions took about a week to get just one confirmation) scared away lots of retailers. On the other side of the equation, people don't like spending crypto, they hoard it.

Odonko

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Well what most of us wish to see is that cryptocurrencies are being used to make pay for goods and services. The progress with this goal is still steady and growing gradually. Some online marketplaces have already announced their will to allow users to trade in cryptos but this have not yet been implemented. Let's hope they implement these ideas soon.

kennen1113

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Quote from: jak3 on May 07, 2019, 06:17:54 AM

Crypto payments are like dreams but as the technology is difficult to implement for nontech guys they are struggling for it. but sooner or later they will also implement the ideas and payment methods in their sites. as for now, more and more people are integrating it. imagine how will it be when you can pay for your beer with crytocoins. I have high expectations in 2020 and less in 2019. as technology is still in development this year. Progress seems fine to me.

Paying with crypto is not a dream because many people, many services have accepted this payment method, and the speed of development of this payment method is very fast but there are always some issues that limit this development. And the problem here is the government, the issue here is the public's view of crypto, the government still never wants and allows people to join crypto, and people are always frightened by bad rumors and think that crypto is a scam, very few people want to accept it as a payment method.

millgates

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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?

It seems that bitcoin and other cryptocurrency will be widely used in E-commerce marketplace. And also recently there are many cryptocurrency related e-commerce project that emerged, I think this kind of project will be success in 2019. Although people's enthusiasm to invest in bitcoin is big but it seems that there are more cryptocurrency holders who want to have fun with their bitcoin and spend it directly at somewhere that accept it. Including me, actually.

deisik

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Quote from: senin on May 07, 2019, 11:51:33 AM

A serious and practically unsolvable obstacle for business structures is the high price volatility of cryptocurrency. I know that many who first accepted cryptocurrency as a means of payment, then refused to use it for this reason

This obstacle is not as unsolvable as it seems

In fact, it is solved pretty easily if you are a cryptopayments processing provider (e.g. BitPay or CoinGate). As they aggregate cryptopayments from and to a lot of clients (e.g. online shops), they can hedge them in bulk, so to speak, and thus make themselves invulnerable and not susceptible to volatility (just in case, simple cryptocurrency users can do essentially the same). Other than that, I'm not sure if those companies which accepted crypto refused to accept for this reason exactly. It looks more like there was not many customers willing to pay with crypto in the first place

jambul_kribo

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Quote from: trickyriky on May 07, 2019, 04:11:56 PM

Quote from: jak3 on May 07, 2019, 06:17:54 AM

Crypto payments are like dreams but as the technology is difficult to implement for nontech guys they are struggling for it. but sooner or later they will also implement the ideas and payment methods in their sites. as for now, more and more people are integrating it. imagine how will it be when you can pay for your beer with crytocoins. I have high expectations in 2020 and less in 2019. as technology is still in development this year. Progress seems fine to me.

Crypto payments are possible, and we will be able to do them soon, but not this year. By the way, many casinos use cryptocurrencies actively, and as you know, casinos never lose money.

casino maybe best place for us to spend and use our bitcoin and another crypto currency.for now we have less merchants that accept bitcoin or altcoin.so for real usage we could not , but maybe after government legalize it we will see in any countries merchants ready to accept bitcoin.and we could go abroad using our crypto assets.

incomefromcoins

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If big consumer stores like Wallmart and metro supermarket accept bitcoin as payment processor we can expect fast adoption of cryptocurrencies

trickyriky

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Quote from: jak3 on May 07, 2019, 06:17:54 AM

Crypto payments are like dreams but as the technology is difficult to implement for nontech guys they are struggling for it. but sooner or later they will also implement the ideas and payment methods in their sites. as for now, more and more people are integrating it. imagine how will it be when you can pay for your beer with crytocoins. I have high expectations in 2020 and less in 2019. as technology is still in development this year. Progress seems fine to me.

Crypto payments are possible, and we will be able to do them soon, but not this year. By the way, many casinos use cryptocurrencies actively, and as you know, casinos never lose money.

Topic: Crypto as a payment method for goods: what to expect in 2019 - page 4. (Read 17387 times)