Crypto Currency acceptance Everywhere - page 3.

Welsh

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Quote from: ethereumhunter on September 01, 2022, 09:45:48 AM

Accepting payments using bitcoin will depend on the policies of each country. And if one country prohibits the use of bitcoin or crypto, the people will not be able to use crypto for anything. Maybe in India, they can still use crypto or bitcoin as payment, but that will depend on the regulations in their country. Maybe in India, the presence of crypto is still on the gray side so the regulations are not so strict that they can still use bitcoin, let alone accept payments. But I don't know, but hopefully more offline stores will realize this and start applying crypto as a payment option. And maybe payments must limit how much money they can use to pay in crypto or bitcoin.

It's highly unlikely that all countries will pass such a controversial ruling, that they outright ban Bitcoin for a long period of time. There's just no grounds to submit these sort of rulings. It's likely that more dictatorship, and centralised governments impose these rules, but the people of these governments are probably more likely to ignore these rulings since they're already bypassing several other restrictions put in place by the government.

The thing is, accepting Bitcoin currently only makes sense for big companies that can provide the support that a smaller operation can't. Since Bitcoin is complex, when we do get closer to mainstream adoption, we'll need to significantly simplify the process, otherwise adoption will likely be either very slow, or never happen at all. To be clear, when I say adoption, I mean mass adoption, where we're edging closer to it being one of the officially recognised currencies, and mass used per country, worldwide.

milewilda

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Quote from: AlphaEther on September 01, 2022, 02:56:40 PM

Not everywhere. Specifically in our country i think there isn't any shop that accepts payment on crypto.

Not all countries in the world are really having that the same perceptions and views or treatment when it comes to bitcoin or entire crypto space which does simply means that you cant really able to
see which this payment options could really be seen which had been accepted and applied into those merchants around whether they arent really that interested or simply they are just trying to avoid
it due to regulation or governance issues which it is really just typical since majority of countries do really restrict or ban out bitcoin or crypto but there are some places on the world which
does really still accept out bitcoin or simply still on neutral phase.It is just people arent really just that confident when it comes to dealing with it.

AlphaEther

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Not everywhere. Specifically in our country i think there isn't any shop that accepts payment on crypto.

wahyuagung26

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Looks very good for the development of Cryptocurrency, with this predictions for the future Cryptocurrency will continue to move forward, although there are some countries that still do not legalize it, but this is not a problem that is too serious, with some developments in the future it looks like there will be some a change from a country to be able to legalize this Cryptocurrency as a digital currency that will be allowed to be used for transactions.

With this programming in several countries and implementing it, I am sure that the future of this cryptocurrency will be very advanced. and I hope this will happen sooner or later.

Victorik

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Quote from: Vaskiy on August 25, 2022, 09:26:03 AM

Amidst the heavy taxation on cryptocurrency, the acceptance of cryptocurrencies have been increasing all around. A fine example for the same is the acceptance of cryptocurrencies by this street chai (tea) Shop accepting cryptocurrency. This is located in Bangalore which is one among the IT City of India. Hope this creates awareness and increase of usage among Indians.

Yea. Why this kind of initiative is highly commendable, facts lot still needs to be done. There are still million out there who haven't even heard about cryptocurrency, let alone trade it. So more needs to be done to get the awareness to everywhere in the world.

wiss19

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Heavy taxation? Maybe on that country only because I never heard other countries or people complain about this. Cryptos are decentralized and not tied in governments so it shouldn't be taxed. I salute the people on that country because despite of that issue, that didn't stop them to use a crypto for buying something. I even thought that crypto in India was banned already? Or maybe they allow it in exchange of taxing it?

But, I think that is better because at least people can still use it to improve their lives like making a cashless transaction and then it can also work as a hedge to the inflation. Having a store like that which accepts crypto payments makes people aware about crypto. That is a good thing for the adoption.

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Accepting payments using bitcoin will depend on the policies of each country. And if one country prohibits the use of bitcoin or crypto, the people will not be able to use crypto for anything. Maybe in India, they can still use crypto or bitcoin as payment, but that will depend on the regulations in their country. Maybe in India, the presence of crypto is still on the gray side so the regulations are not so strict that they can still use bitcoin, let alone accept payments. But I don't know, but hopefully more offline stores will realize this and start applying crypto as a payment option. And maybe payments must limit how much money they can use to pay in crypto or bitcoin.

Issa56

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That's really nice, how I wish I can get somewhere like this in my country where I can spend my bitcoin, am willing to make a purchase one day with bitcoin. In my country I haven't seen any shop or company that's accepting bitcoin probably due to ban that have been placed on accounts that have made cryptocurrency transaction before by the central bank of Nigeria, that's why most people are scared, am sure some shops will still be accepting bitcon probably I don't know about them or maybe they are not close to my location but am sure one day everybody will be able to make transactions with bitcoin.

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Quote from: Vaskiy on August 25, 2022, 09:26:03 AM

Amidst the heavy taxation on cryptocurrency, the acceptance of cryptocurrencies have been increasing all around. A fine example for the same is the acceptance of cryptocurrencies by this street chai (tea) Shop accepting cryptocurrency. This is located in Bangalore which is one among the IT City of India. Hope this creates awareness and increase of usage among Indians.

if in India there are some shops that accept bitcoin as payment, high taxes are not a problem for shop owners because indeed many countries impose high taxes on crypto.
but if in a country that has not legalized crypto as a legal tender, can an entrepreneur implement payments using bitcoin as a substitute for fiat money.
is it possible that the government in that country will shut up and let business people use bitcoin as a means of payment?

mayfair_coin

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In India, people have just started to understand cryptocurrency and hope that people understand this, but it is not right for the government to take very heavy tax on it but it will take time for the people of India to understand bitcoin because they have more trust on cash, beacause many people do not transfer digitally.

kryptqnick

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I don't know about India, but taxation legislation differs from country to country, and enforcement of compliance with such legislation differs as well. In my country, cryptos aren't really taxed yet because the details weren't figured out. Some pay income tax, I think, and some pay property tax, if they really want to make their coins fully 'green', but it's not obligatory. But even with things which are taxed, many ignore it and don't pay taxes because, unless it's like a big business, the authorities won't come after you.

yazher

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People come up with new ideas whenever they know what's currently trending at the moment but the good thing with this gig is he actually gives ignorant people some curiosity about what they are reading and they will gonna ask for more about it or do some research and that's little thing will make the crypto community bigger because what will they find will gonna amaze them for sure. Throughout these years people like this guy have been spreading awareness about the existence of cryptocurrencies so that people will be aware of a good option that could they have with their money.

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Quote from: Dr.Osh on September 01, 2022, 04:25:53 AM

This is a pretty good development, that nowadays many small businesses are also accepting crypto as a payment alternative. this happens because many people have realized that this is a profitable thing and not at all detrimental. sometimes people just want to do real transactions from crypto, and many small entrepreneurs are aware of that. I hope, this can also be one of the positive things that trigger greater development of the crypto world.

What about people being in so much desperate for money, that they accept any payment for their goods or work, they are ready to take every fee on them, just to get some money? Have you though about that? That this is not an acceptance, but a way to survive.

I understand when you buy something expensive with crypto. You want to avoid taxes, or dont want to flash your purchase or trade to authorities. But when you pay $0.30 in crypto, and realize that receiver will lose on network fee, exchange, withdrawal, then it does not 100% look like an acceptance to me.

Dr.Osh

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This is a pretty good development, that nowadays many small businesses are also accepting crypto as a payment alternative. this happens because many people have realized that this is a profitable thing and not at all detrimental. sometimes people just want to do real transactions from crypto, and many small entrepreneurs are aware of that. I hope, this can also be one of the positive things that trigger greater development of the crypto world.

spiker777

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Quote from: DaveF on August 29, 2022, 06:20:37 AM

The issue I really see is that most people are not running their businesses properly and if they took BTC / crypto would just use a gateway like BitPay / Conbase to flip it straight to fiat and then to their bank accounts. All it would do it churn the coins.

that's necessary to do for them because they can't reuse bitcoin or crypto itself for their personal and business need. they eventually need to convert the crypto to fiat cash in order to purchase stuffs for their shop or food for their family. working around with bitcoin or crypto only without involving fiat is only possible if Crytpo become acceptable everywhere. which we hope happen sometime but for now. we are all forced to sell our crypto for cash in order to sustain ourselves.
even if you and me earn some crypto we eventually will have to sell those crypto to cash and then we can buy regular stuffs. because we can't buy regular stuffs with crypto itself.

bluebit25

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We still hear about some small or large cases that are somehow favoring BTC adoption, but the reality is that there are a lot of hurdles surrounding them as well. I think the process of popularizing BTC still needs more time, but overall, after many years of knowing it, I have to admit that it has undergone a big transformation and change. when a lot of people know about it and see a positive direction with this market.

Retiicle

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Indeed it’s good to see such posts that make us hopeful for a future where crypto currencies will be freely accepted by everyone alike. I think many of the uncertainties and doubts regarding the value of crypto currencies can be easily solved if many more people came forward and took steps like the street vendors here.

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Quote from: TelolettOm on August 29, 2022, 04:39:11 PM

I think these are only a few of them that accepts cryptocurrency, moreover, if this is related to the crypto regulation in the country, of course, this is less enough. However, at least, he is one of those who are brave enough to accept crypto, moreover in a shop like that. This may be very unusual if we are looking at what he is selling. It is based on individual acceptance and not sure enough whether it has been working very well or not. But at least again, he is trying. It will be very good enough if there are many more merchants who can really accept.

The country isn't gonna make any direct announcement about the legality, because they fear it can bring down the revenue. Indirectly they've announced it can be used on one's risk with the taxation over cryptocurrency. This looks like a simple try and if I'm not wrong he isn't limited to any specific cryptocurrency, he accepts everything. For now this won't be working well enough, because equal to the price of a coffee people won't think of paying fee. This helps well with creating awareness.

TelolettOm

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Quote from: eaLiTy on August 26, 2022, 01:55:05 PM

Quote from: Vaskiy on August 25, 2022, 09:26:03 AM

Amidst the heavy taxation on cryptocurrency, the acceptance of cryptocurrencies have been increasing all around. A fine example for the same is the acceptance of cryptocurrencies by this street chai (tea) Shop accepting cryptocurrency. This is located in Bangalore which is one among the IT City of India. Hope this creates awareness and increase of usage among Indians.

How i view things is that, how many vendors in the entire Bangalore is accepting cryptocurrency. It is a IT City but majority of the shops does not accept cryptocurrencies as far as i know and a street vendor accepting cryptocurrency has become a news worthy article. Hope he gets more business with this publicity and since you mentioned high taxation, i wanted to know whether the street vendor is accepting the correct amount or it includes the tax Wink

.

I think these are only a few of them that accepts cryptocurrency, moreover, if this is related to the crypto regulation in the country, of course, this is less enough. However, at least, he is one of those who are brave enough to accept crypto, moreover in a shop like that. This may be very unusual if we are looking at what he is selling. It is based on individual acceptance and not sure enough whether it has been working very well or not. But at least again, he is trying. It will be very good enough if there are many more merchants who can really accept.

livingfree

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Quote from: Poker Player on August 29, 2022, 05:18:00 AM

Quote from: livingfree on August 29, 2022, 04:42:14 AM

Correct me guys if this wrong.

Isn't it that a person there will only be taxed if he exchanges his crypto into fiat? That goes where the profit from crypto goes if an individual exchanges his crypto into cash, right?

I correct you: in general paying with Bitcoin is considered for tax purposes as selling bitcoin.

Oh, thanks.

Yeah, right as long as it's been used for buying it's already considered for taxation.

Quote from: Mahiyammahi on August 29, 2022, 10:25:30 AM

It's good to see. I wants to do the same if crypto get accepted on my country . My plan is to create a crypto project which should have usecase in real life. I wants to open few shops in primary section and accept crypto also a payment getway only accepted by me. My own coin which will be accepted to buy my products with good deals. If this goes well I will spread my project into something big. My goal id like Avalancer project. I'm waiting for to be acccepted by my governor

If you want that to happen, bitcoin is already enough as your main cryptocurrency to be accepted and you're going to contribute a lot from there. Too many projects are already there with the same plans and use cases ready to be deployed.

But nothing beats the acceptance and adoption for bitcoin.

Topic: Crypto Currency acceptance Everywhere - page 3. (Read 1012 times)