Topic: Crypto Currency acceptance Everywhere - page 2. (Read 981 times)

It is undeniable that crypto is still making its own history in the different parts of the world despite of the issues thrown in it. While some are hesitant and doubtful about bitcoin or crypto , some have developed even more focus and interest on it since it definitely gives a lot of benefits once it has grown and more developed. So crypto existence will continue to live and prosper until it became inevitable.

Crypto is for all levels of people and this is being proven through different forms of acceptance we have come across. With the incident mentioned in the op I find people are with good understanding about the need and the usage of cryptocurrencies. A small shop with the board carrying crypto accepted on the pathway shows it is the money of everyone and not the one for the branded stores.

These small incidents will make more other people and firms add cryptocurrency to the payment choice. Believe it and it'll return the good.

don't be disappointed mate. it is not just your country there are many countries in fact majority of country's nations don't have or know concept of accepting Bitcoin or Crypto as Form of payment in their businesses.
but Crypto adoption and awareness slowly increasing and more and more people getting to know about it. I am sure if there is no shop in your country which accept crypto psychally but there must be people who using crypto online for trading and other online activities.

So it's cool that more and more people are starting to get acquainted with cryptocurrency and its advantages. In some countries, it is already possible to tip waiters in crypto. And it's damn convenient. When will they understand this?

Maybe for the next few years, the price will still fluctuate due to supply and demand in the market, so the price cannot be stabilized and used as a currency. We can just accept it while trying to prepare ourselves when the time comes so we can follow bitcoin's future journey.

But today's volatility will continue to fuel mainstream adoption so that many people can get to know bitcoin and learn to use bitcoin. Gradually, people will find out that the main function of bitcoin will be as a currency in the future if everything is ready and supported.

I can see that it says a cup of tea is around 30 cents. I doubt anyone would to pay using bitcoin for a cup of tea. The normal fee is around 10 to 15 cents (when the network isn't congested), which can buy you almost another cup of tea. Then when he wants to convert his bitcoins to fiat, he will have to pay a fee. Loses too much in my opinion. If he holds his bitcoin till he collects enough and then sells for fiat, there is capital gain taxes on top of his other taxes. There is a chance of the price falling. Should either accept coins that has almost negligible fees. But then again, the volatility will kills the business.

Not all businesses are suitable for using crypto currencies. At least not now.

Not everyone really needs to adopt a crypto payment services, in my country there's small variety store that doesn't give much profit to the owner but they do a really small amount of profit, they will most likely take fiat over crypto because it's much more convenient for them and for the customers to do so. Maybe that's something that we should get used first before we judge but right now that it's not mandatory or unacceptable to adopt the system then old ways will prevail for now.

Here in our country, the 2 most popular digital payment merchant also plans to add crypto-services soon. Since crypto adoption is increasing, those 2 big companies don't want to get behind to the competition. They even plan to add some trading services where users can buy and sell different cryptocurrencies so locals won't need to use global exchanges like binance. They are making some promotions too like airdropping some crypto when you use their platform to pay on different stores that accepts their mode of payment.

I'd see adoption is getting stronger and many people are currently using this because they see that some establishments are accepting this. It was later on this can be known to every corner of the street. It was the time that people will not only consider Bitcoin as an investment but had to accept the reality of the purpose of having this new technology as a currency. In those places where it was already been recognized as a legal tender, I was sure that people are happy to hear that and make themselves comfortable.

The remote areas in each area are hinterlands that are still not complete with the various community services needed so it is still natural that in every corner they do not want to accept crypto because there are still people who do not have an internet signal and the mobile phone network is still very weak. This is included in the obstacles that are still felt by some people who live in remote villages so they still have to fight for internet-friendly areas if they want to accept crypto as a means of payment.

We know how bitcoin is one of the most useful for cryptocurrency transaction at the same time is convenient it just sends the address and gets the transaction ID but some of the businesses do not want this because of the market volatility instead they gain a  good profit instead they got loses a lot which is not ideal to do, but some establishment or organizations accepting this as good for being transparent, still we are looking forward in the future to have this as world wide adaptation.

Kind of, higher prices does attract new people to Bitcoin, and therefore adoption increases, but really what the end goal is; stability. We need Bitcoin to no longer be considered as an investment from a bystander point of view, and rather a currency that can be used without the volatility that Bitcoin has been subjected to in recent years.

The issue is, and well it's not really a issue, but by design. We aren't quite ready for that mainstream adoption due to the stability issues caused by the current climate, as well as how Bitcoin is designed. For an example, we have block rewards which inject somewhat large amounts into the network, and therefore volatility is introduced. However, when block rewards are no longer a thing or are reduced every four years, you generally could expect less volatility. Therefore Bitcoin becomes more stable the longer it's around.

So, mainstream adoption will be much more interested five years down the line, than they're now.

You are forgetting that they tricked billions of people on all continents just recently. Because of a virus, they were told to consider all people as potential threats. Not just people you don't know, but your kids and grandparents are threats to each other and so are you.

The Bitcoin is used for drug smuggling/crime/pedophilia/tax evasion/(insert threat here) card can still be played with mass media behind your back. Most people are fine believing what comes out of that rectangular screen in their living rooms. It's easier than doing your own research and coming to your own conclusions.

What's the topic of discussion right now? Climate change.
They might try selling the story how unsustainable bitcoin is due to the extensive computational power that is required, which equals to more electricity being used. To save our dear Mother Earth which we have fcuked in all ways possible, we need to get rid of this horrible infection which is Bitcoin. Repeat that over and over again and there is your story and agenda.   

You say it right and that was because not all countries are adopted Bitcoin nor their people are allowed to do it. We can see Bitcoin accepted in every corner of the government permit to do so. But as long as they don't, nobody will dare to do it and risk their lives otherwise, they got caught, put in jail, and seized all of their cryptos due to illegal transactions.
Even though it was not banned in our country but because there is no announcement considering crypto as a legal tender, this is something difficult and adoption will take so long.

No wonder, indeed this has happened everywhere, but not all corners of the area accept it. They are still considering the risks due to the shortage of crypto, who are easily influenced by various things. We know that we are in a modern era, of course, crypto is one of the things that is often included in more advanced things, and it's about time most people from all over the world know it for all its advantages and disadvantages.

The option of banning bitcoin is always over the table but it is one that is difficult to use because what kind of argument and they use to justify themselves?

They have tried to use the excuse of criminals adopting cryptocurrencies for nefarious purposes but they have failed to get any traction with those excuses because people are not dumb and they realize what they're trying to do, and the problem is that the longer they delay this the more difficult it is to ban bitcoin because with each passing year it's becoming more popular, so they are opting for the regulation route and so far they had been relatively successful in the implementation of those regulations.

But we have to look at the current reality where many countries still have not decided whether to accept bitcoin or not as a payment option. Meanwhile, for countries that still allow the use of bitcoin, both as a choice of payment instrument and other things, it provides the possibility for bitcoin users to use bitcoin as they should. But it's different if it happens in a country that prohibits bitcoin.

Centralized governments cannot immediately accept bitcoin as a means of payment because they have their own policies and I think if they don't get direct benefits from bitcoin, it will still take a while to see bitcoin being used as a means of payment. Meanwhile, large companies that support bitcoin as an alternative payment or investment cannot be separated from government supervision because laws and policies in their country bind them. But bitcoin still has a great chance to be accepted as one of the currencies of choice by all countries because a single country does not control bitcoin. And to get there will require mainstream adoption that has been taking place starting a few years ago. This adoption will be even faster if the price of bitcoin can increase higher because it will be able to attract the attention of large companies and, of course, the governments of each country.

It's a bit backwards. I've seen institutional investors and general consumers avoid using Bitcoin because of higher taxes associated with crypto. That's not to say there wouldn't be resistance to the government's effort to curtail crypto users -- merely that higher taxes are effective in stopping most, if not all, economic behaviors.

As far as I'm concerned, if the government wants to ban crypto, they can do it. They don't need higher taxes to accomplish their nefarious intent. Increases taxes is the first step. The next step is criminalization.

Bitcoin aims for the good of everyone so it deserves to be accepted and adopted, and not to be rejected by some anti bitcoin who always think they know everything. Though the government is still in doubt about the potentials of bitcoin, but hopefully in the long run they will be more open on accepting crypto since their purpose is to serve the people and not to be greedy for their own selfish desires. Bitcoin is a currency, so it should be accepted as a legal tender and not just an investment alone.

Regardless of the existing low price for bitcoin, i guess the adoption for crypto and using it as a payment method is still in progress. Crypto is already inevitable, and we can't stop the people anymore from not being curious on it because crypto is now the trend in this digital age. Even in small businesses, crypto payment is already visible and this picture above is already a proof. As more and more people will be attached to crypto, then its most likely to expect that crypto adoption is already close to its reality.