Crypto Currency acceptance Everywhere - page 5.

romero121

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Quote from: Asiska02 on August 26, 2022, 12:01:29 AM

Again, a really positive development. Bitcoin is gradually becoming widely accepted throughout the world. Who would have thought that a tea shop would accept bitcoin as payment. And this still comes with a lot of regulations that the government places on users. Smaller businesses like these where bitcoin use is already widespread will increase awareness of bitcoin, since even people from lower socioeconomic backgrounds and those with little or without formal education will learn more about it. The store owner took a nice move, and we hope to see further global adoption of bitcoin in the near future.

Adoption from the lower segment of the people will surely have a big impact in growth. What we see here is the reality of widespread of cryptocurrency. I see it as the transition happening in the financial system.

Barter System→Gold→Metal Coins→Paper Currency→Plastic Cards→Electronic Money→Cryptocurrency

Asiska02

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Again, a really positive development. Bitcoin is gradually becoming widely accepted throughout the world. Who would have thought that a tea shop would accept bitcoin as payment. And this still comes with a lot of regulations that the government places on users. Smaller businesses like these where bitcoin use is already widespread will increase awareness of bitcoin, since even people from lower socioeconomic backgrounds and those with little or without formal education will learn more about it. The store owner took a nice move, and we hope to see further global adoption of bitcoin in the near future.

Strongkored

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Quote from: Vaskiy on August 25, 2022, 10:26:03 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.

Do many who transact at this coffee shop use crypto?
The owner of the coffee shop is brave enough to accept payments with crypto because with fluctuating prices it is very possible in one night to reduce the profit he will receive when converted to fiat.
The adoption of crypto in many sectors is good for crypto development, especially if it is also carried out by small merchants such as the coffee shop, but business owners must be properly educated.

wxa7115

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Quote from: tbct_mt2 on August 25, 2022, 11:25:39 AM

Not accepted everywhere
Not legal everywhere

But it can not stop cryptocurrency to be accepted more and become legal in more locations in future

This is a process that takes a long time to finish but we will have it and cryptocurrency will not leave anywhere. Along its adoption and increasing acceptance, there will be come and go projects. It is same as businesses, companies are created and die. Some will succeed and will stay for long.

This is why bitcoin cannot be killed, governments will like for every single cent that you receive to be on their books so they can tax you on that income, but they are just being incredibly greedy by thinking that something like that is even possible.

Bitcoin is impossible to stop because the only thing that you need is a computer or smart phone, download a wallet and then create a wallet, and with those simple steps you will be ready to transact with people all over the world for a very cheap fee, and the more the governments try to stop it the more people are going to resist as people are not going to let go of something that is so user-friendly and so cheap compared to banks.

Devifajarina

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The IDEA of Receiving Cryptocurrency is a fairly advanced step, Several other countries Also do that, with the aspects of consideration they have done, but the problem is not everyone receives this adoption well, so it's still Coexist, ideas this actually has a very interesting function, If People See Developments, Can Provide Convenience for Anyone

laurenB7742

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Quote from: crwth on August 25, 2022, 11:04:19 AM

At least those vendors on the street can have that kind of technology. I don't think the people here in my country would easily accept Bitcoin because they wouldn't understand what to do with it and probably reject its innovation and how it could help them in the long run. They would prefer the fiat way where paper money is king and probably not digital.

Nevertheless, I hope it will increase adoption in other countries, and everyone will follow suit. I do hope that happens.

As long as the government in your country accepts bitcoin and propagates bitcoin as a new payment method, giving guidance to businesses for mass adoption, people will soon adapt and learn how to use bitcoin. People usually do not tend to accept bitcoin mainly because the government has not yet allowed it, once there is government support then everything will definitely go in a better direction.

I see that today's young people tend to like innovation, so bitcoin is getting more and more attention and known, bitcoin will be more widely accepted, it is inevitable whether like it or not, it still happens.

CryptSafe

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Quote from: Vaskiy on August 25, 2022, 10:26:03 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.

This is good though. I'm just wondering how the people would do about it when the India government has a strong and stringent policy on Crypto currency adoption. Come to talk of it, the market is not as favourable in terms of volatility how does he expects investors to transact. I believe most people bought high and do you think it would be possible using an investment to do such at bear market while you have a bull market in mind and lastly, I think this is a problem of enlightenment which should be given a proper review.

taufik123

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Quote from: Yatsan on August 25, 2022, 10:52:35 AM

Question I guess, if people would be still willing to transact using crypto, especially at this point wherein the market is still down. What's likely to happen is that users, especially investors, won't prefer using theur assets to buy things. But the idea or thought is there -- adaptation. Given how unstable the situation is, I think it will be still a long run before fiat and crypto coexist on a daily basis. It is just amazing how crypto related ideas are being raised for awareness to those who are not knowledgeable into it yet.

For those who understand crypto and want to try to transact directly using crypto, of course they will not care about the state of the crypto market which is going down. this is a deal that will be a great moment for those who are trying it for the first time. adaptation is really needed to get used to crypto transactions.
on the photo the OP gave it is still not clear what crypto they accept, bitcoin or any other altcoin?

India is one of the developing countries that allows crypto transactions but with tax collection for crypto users. But currently, the government is trying to curb crypto users by making a state finance bill that requires a 30% tax collection for crypto users. even so crypto users continue to soar to this day.

bestcoins1

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Quote from: bhooscream on August 25, 2022, 07:51:26 PM

Crypto should indeed be one of the effective payment methods to be used in various countries. But unfortunately, not all countries legalize crypto to be used as a means of payment and some even prohibit it with applicable legal provisions.
I feel happy when I see the number of merchants accepting crypto payments, wouldn't crypto adoption grow even more if it was used like this? Indeed, there may be good and bad sides when using crypto, but at least we can anticipate it by taking the positive side and anticipating its weaknesses.

I even imagine if the use of cryptocurrencies could become more widespread in all countries and also among people, then the decline in the value and price of cryptocurrencies would be difficult because everyone already considers cryptocurrencies as valuable assets and can be used just like fiat money. But unfortunately it has not happened in all countries and cannot be used by all countries because of some rules and laws of each country.

Because some state parties also do not want to change existing laws and still want to keep their fiat currency for the better. Because if the use of crypto currency can become more common among the people, then the use of fiat money will definitely decrease, although not significantly.

bhooscream

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Crypto should indeed be one of the effective payment methods to be used in various countries. But unfortunately, not all countries legalize crypto to be used as a means of payment and some even prohibit it with applicable legal provisions.
I feel happy when I see the number of merchants accepting crypto payments, wouldn't crypto adoption grow even more if it was used like this? Indeed, there may be good and bad sides when using crypto, but at least we can anticipate it by taking the positive side and anticipating its weaknesses.

Hypnosis00

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Indeed, the acceptance is growing but still, we are far from the so-called mass adoption. Many people are currently holding crypto but only a few establishments are accepting this as a mode of payment - this is the reality for now. However, it was good to see that despite the slow adoption and acceptance of Bitcoin, we are still hopeful that someday it will finally become a legal tender globally making the reach its main goal. I'd see a huge help from the government support and allowing people using this as this will encourage merchants to accept it as well.

Rigon

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Quote from: Vaskiy on August 25, 2022, 10:26:03 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.

It won't be long before cryptocurrencies will gain acceptance in all countries.We can see that there are different transactions with bitcoins in some regions.Earlier in a country I saw gas station being transacted with Bitcoin. Shopping is being done with Bitcoin in various shopping malls.Although the spread of Bitcoin is slowly increasing, we can see Bitcoin transactions all over the world at some point.I always support all this work it's a great work it's for bitcoin to grow and to show the use of bitcoin to people.All of us who work on Bitcoin will discover new things that will increase the popularity of Bitcoin.

Baofeng

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Np doubt about it, if there will be one country in Asia that should also be in the forefront, that should be India as you can see they have their own IT hub, which is Bangalore.

So for me it's kinda late to hear India about bitcoin and crypto adoption. Although we know that the government is still at the fence as far as bitcoin goes. Nevertheless this is a good start, awareness and hopefully their government will make a U-turn about their stance on cryptocurrencies.

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Quote from: Taskford on August 25, 2022, 06:14:57 PM

Quote from: Vaskiy on August 25, 2022, 10:26:03 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.
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Good gesture done by businessmen who also a crypto user because for the action they did provably this could create a demand and curiosity to the people around them. Hoping to see more merchant to step up because their participation is really needed so that government will realise the importance of crypto on financial usage or even on the economy.

Through such acceptance, even if the person doesn't get much business it serves as a promotion. Even the person who haven't heard of it will try to find the answer for what is crypto. India being a country with the biggest population can be a game changer if people start using it. For now it looks like there is slow progress, and the same can make the government understand the need of cryptocurrency against the inflated currencies.

Taskford

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Quote from: Vaskiy on August 25, 2022, 10:26:03 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.
[/center]

Good gesture done by businessmen who also a crypto user because for the action they did provably this could create a demand and curiosity to the people around them. Hoping to see more merchant to step up because their participation is really needed so that government will realize the importance of crypto on financial usage or even on the economy.

Rockstarguy

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Quote from: Vaskiy on August 25, 2022, 10:26:03 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.

It is so Interesting that you are spreading bitcoin through the business you do, but I'm still curious if people who have Bitcoin would want to transfer Bitcoin to buy tea knowing fully well that tea is very cheap. Most people would want to for tea wit fiat and to save their Bitcoin because it is an asset to them. People mostly prefer to spend their bitcoins to buy electronics, cars and houses. But it still nice if you accept bitcoin for your business and if people will be will to pay for your tea for bitcoin.

hugeblack

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Is the area a tourist? Because the value in US dollars is rarely put in the popular markets, which is shown in the background of the image.
The price of coffee is less than a dollar so it would be great if there was a lightning network payment option but it is good to see more daily use rather than speculating in these currencies.
If you use social media, this person will get more visitors.

Franctoshi

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No doubts about it that cryptocurrency is certainly the future of money and the earlier that people start to understand this the better for the early birds. Fed chairman Jerome Powell made it clear in one of his interview during the Corona virus outbreak 2019-2020 "stated that they're not going back to the same economy, we're recovering but we're moving into an economy that is more leverage to technology which is "Blockchain"(Bitcoin and CBDC's).
And too coupled with the fact that the fourth industrial revolution is starting to be rolling out at same time,Therefore Bitcoin and cryptocurrency transactions is gonna be everywhere in the future, To an extent where robbots are gonna pay each other with cryptos in future and it's just a matter of time.

ChiBitCTy

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This is a good thing but also potentially could have a negative recourse based off of governments and their allowance of bitcoin. We know that there are a decent amount of countries who've banned bitcoin, and unfortunately I could see this number rising if countries believe it's effecting their own currencies bottom line.

avikz

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Quote from: Yatsan on August 25, 2022, 10:52:35 AM

Question I guess, if people would be still willing to transact using crypto, especially at this point wherein the market is still down. What's likely to happen is that users, especially investors, won't prefer using theur assets to buy things. But the idea or thought is there -- adaptation. Given how unstable the situation is, I think it will be still a long run before fiat and crypto coexist on a daily basis. It is just amazing how crypto related ideas are being raised for awareness to those who are not knowledgeable into it yet.

I have a similar thought to be honest! usually a cup of tea costs around 10 - 15 INR and I broke my calculator while calculating the value of it in bitcoin! I will have to spend more in fees fi I really want to transact there. So it's not really a feasible payment method for small payments. But the awareness is the key here. Bengaluru is the IT hub of India and majority of the population is educated and well to do in life. Such kind of open advertisement would probably make some people intrigued about bitcoin and they will probably enquire about it and do some research on it.

OP, if you are nearby, can you ask that fellow how many payments he has received in bitcoin till date?

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