Topic: Cryptocurrency irl (Read 106 times)
We won't get around fully decentralized stable coin solutions if we want a decentralized financial system that at the same time has value stability or no volatility. For the transition it is important. Right now it is cumbersome to exchange crypto among each other for a lot of reasons. Fees maybe one reason but also tax implications or just the prospects of increasing value that make us hold the coin rather than give it away in every day situations.
Recently, I have seen many start-up projects on the topic of introducing cryptocurrency into the Irl. What are the prospects for this? How many years will it take until every 2 people use cryptocurrency in their daily lives?
Introducing cryptocurrencies into real life is just like showcasing to the world what you can offer, what you can solve and what you will do to better the lives of people; this I think should be the main reasons why people introduce cryptocurrencies into real life. But nowadays, just as humans are different and unique, many people now tends to deviate from that goal, that is, many now see it as a means to scam people hence the reason we have many dead tokens and coins in the crypto market, it is also the reason why there are many exit scams, rugpulls and so on.
However, when one comes in contact with good cryptocurrencies like Bitcoin, Ethereum, Binance Coin etc, then one can be able to understand the real concept behind cryptocurrencies and how they have been changing lives.
Lastly, even till today, I believe there are people in many parts of the world who are yet to fully access what the internet offers therefore asking when every 2 people will use crypto in their daily lives, I will say there is no answer to it because it might take a lot of time.
cryoto is the futher of world economic changing.people already use Crypto for digital Trenjection. People Crypto use safe they are money
There were many similar projects on my way, they all failed. Hotel tokens, apartment rental tokens, tourism tokens are a waste of time.
Recently, I have seen many start-up projects on the topic of introducing cryptocurrency into the Irl. What are the prospects for this? How many years will it take until every 2 people use cryptocurrency in their daily lives?
There is no need to use to actually push the daily use of it on our daily lives. But as long as there's a real use case for one company, that should be enough to say that it's working and there's an adoption rate that has been added. There's nothing wrong if it will take years for a few people to use it in their daily living but I think that's too low of expectation for 2 years to say. You can have more than that with a successful project use it but it won't take that long of 2 years for them to pursue.
the growth of coins is that big and the number is countless until now. so I think it's really hard to introduce it with the aim of sticking around and not looking at other cryptocurrencies. maybe it's just an introduction so the people around you are good. but settling down and making it a medium of exchange would be very difficult. except using crypto that already has a high trading volume among investors.
2 big reasons for me.
1. Store of value. It's difficult to change what we had been accustomed to. We just want to keep it and increase it's value when demands go higher.
2. Merchants. The availability to use it.
Merchants don't actually put cryptocurrencies as a payment option. They are still relying with credit cards or just pure cash.
Then, there's digital cash applications now. Here in our country I use two kinds of applications.
1. Coins.ph - use to exchange my bitcoin for cash then use it to pay my bills.
2. Gcash - digital cash application - the water company that we use is not available in Coins.ph so I send it in Gcash first before I can pay up. This is also what I use for online shopping.
There are no direct line to pay it with Bitcoin or other cryptocurrencies. That's the problem.
1. Store of value. It's difficult to change what we had been accustomed to. We just want to keep it and increase it's value when demands go higher.
2. Merchants. The availability to use it.
Merchants don't actually put cryptocurrencies as a payment option. They are still relying with credit cards or just pure cash.
Then, there's digital cash applications now. Here in our country I use two kinds of applications.
1. Coins.ph - use to exchange my bitcoin for cash then use it to pay my bills.
2. Gcash - digital cash application - the water company that we use is not available in Coins.ph so I send it in Gcash first before I can pay up. This is also what I use for online shopping.
There are no direct line to pay it with Bitcoin or other cryptocurrencies. That's the problem.
~ How many years will it take until every 2 people use cryptocurrency in their daily lives?
Although not daily, I believe there are a few people that's already doing this. There are many factors that should happen before this can happen on a wider market and one of which is legalizaion. Most countries accepts cryptocurrencies as an investment asset but not a legal tender which means it's still illegal to openly use crypto in exchange for goods and services. 
The prospect of introducing cryptocurrency in real life is to promote his coins for everyone, it's just a way from marketing itself. As you know there's already around 10.000 cryptocurrency created, of course investors will hard to find his coins since it's 1/10.000. The more people invest/use his coins, more value of it's coins too.
We can't know for sure when everyone will accept Bitcoin to pay anything in daily life, obviously when anyone didn't confuse what is cryptocurrency and how to use it. Probably 10-20 years more? I don't know.
We can't know for sure when everyone will accept Bitcoin to pay anything in daily life, obviously when anyone didn't confuse what is cryptocurrency and how to use it. Probably 10-20 years more? I don't know.
Recently, I have seen many start-up projects on the topic of introducing cryptocurrency into the Irl. What are the prospects for this? How many years will it take until every 2 people use cryptocurrency in their daily lives?
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