Crypto Currency Usage | Bitcointalksearch.org

DdmrDdmr

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Quote from: haleema on May 01, 2021, 12:41:24 PM

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I’d say it’s still pretty far away, and the less digital the business, the further it is. Disregarding laws, regulations, currency status and the level of adoption, and simply focusing on the variability of the price, it’s seemingly difficult to tag prices in BTC/ETH and not lose out.

There are stores that can tag them digitally on the shelf, which makes them changeable throughout the day if necessary, but that is still not that widely spread, and normally expressed in terms of the main country’s currency. Some online sites let you view prices in bitcoin, although most that accept it seem to perform the counter value when performing the check-out (not displaying the prices in bitcoin per se).

Daodex

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Quote from: haleema on May 01, 2021, 12:41:24 PM

I think the time is coming and not very far, peoples used Crypto Currency in our normal routine purchasing and the price mentions on items in BTC or ETH etc...

For now crypto works better for online stores, you can pay with crypto on eBay and some other online stores but offline part is still not that great, in Asia things are different, some stores are already accepting crypto as means of payment in Asia counties like China, Korea

Rikafip

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Quote from: Yogee on May 01, 2021, 02:06:57 PM

I'm pretty sure you can already see items priced in cryptocurrencies in online stores.

You can, but it's still extremely rare to see something priced in crypto and it will take some time before this goes into mainstream, probably until some big store like Amazon or Alibaba starts showing the prices like that, and lead the way for others.

All in due time though, I still think that current usage of cryptocurrencies surpassed the wildest dreams of those early supporters. And it all started with the two pizzas

SquirrelJulietGarden

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Cryptocurrencies have different use cases.

They are storage assets as Bitcoin and maybe big altcoins as Ethereum or Binance time BNB.

They are payment methods for your purchases and especially economic savings if you use altcoins with fast transaction speed and low transaction fee.

They are targets of speculation, gambling, fund conversion: fiat to cryptocurrencies, Bitcoin to altcoins.

hatshepsut93

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No cryptocurrency currently can handle as many transactions as Visa or Mastercard. Things like Lightning Network are still a work in progress, and a long time will pass between from now to their release, to adoption among users, and then to mass adoption. And scalability is just one roadblock, there's also price stability and regulatory uncertainty, difficult user experience and so on.

ILuckyGuyI

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Quote from: haleema on May 01, 2021, 12:41:24 PM

I think the time is coming and not very far, peoples used Crypto Currency in our normal routine purchasing and the price mentions on items in BTC or ETH etc...

We can already see many places which are accepting Bitcoin as a payment method. As we all know, we can even buy a car with Bitcoin now. And the adoption continues to reach a better level every year.

sunsilk

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Quote from: haleema on May 01, 2021, 12:41:24 PM

I think the time is coming and not very far, peoples used Crypto Currency in our normal routine purchasing and the price mentions on items in BTC or ETH etc...

Although there were merchants that have adopted bitcoin and other preferred cryptocurrencies of theirs as a payment, we can see that it's not yet on the level of those common payment processors but the number is improving and increasing.

But in certain marketplaces where the main payment processors are cryptocurrencies, products being priced in crypto are common. I think also in some other marketplaces, if they're accepting crypto, they'll have it posted how much the price is if someone's going to pay for it in crypto.

BitcoinGirl.Club

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Quote from: logfiles on May 01, 2021, 03:47:29 PM

People seem to be buying bitcoin to trade for more profits and store value rather than use it for transactions and payments. One of the Biggest hindrances is some Governments attempting to ban cryptocurrecy use in their countries.

At this point the fees are very high. In a transaction when you need over 100 sat/B fees then it's very expensive to buy your groceries. Unless you are having a trade with big volume then on chain transactions are not worth trying. I am sorry I am telling this but it's the truth considering the current situation of mempool.

Whenever I need money, I convert a large sum to fiat and use them until I am running out of fiat again.

verita1

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That's right, OP! Very soon we will see that time arrive. We are witnessing how it reaches the main cities of the countries and commercial establishments with the most current technology for payment processing.

An example of this that fills me with expectations and hoping that it is available in my country is the Binance Visa Card. I could spend whatever I want with crypto on the affiliate merchant network and enjoy the great benefits it offers.

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logfiles

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The adoption of cryptocurrencies for usage will unfortunately be slow. Satoshi's dream was for Bitcoin to be an alternative to other already existing electronic payment systems but over the years I have been noticing that the narrative seems to be changing.

People seem to be buying bitcoin to trade for more profits and store value rather than use it for transactions and payments. One of the Biggest hindrances is some Governments attempting to ban cryptocurrecy use in their countries.

DeathAngel

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I think we’re some way away from seeing everything priced in bitcoin like we see things priced in our national currencies. Bitcoin is very close to gaining mainstream adoption & is becoming a true store of value & hedge against inflation. Big corps are already putting bitcoin on their balance sheets.

Yogee

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I'm pretty sure you can already see items priced in cryptocurrencies in online stores. We're still a long way to go if what you mean is grocery stores putting like "1 bread = 1000 sats" price. You have to remember that many countries still view cryptocurrencies as investment asset but maintains their stand that it's not a legal tender.

haleema

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I think the time is coming and not very far, peoples used Crypto Currency in our normal routine purchasing and the price mentions on items in BTC or ETH etc...

Topic: Crypto Currency Usage (Read 112 times)