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Topic: Cryptocurrency is too complicated - page 19. (Read 1785 times)

legendary
Activity: 3668
Merit: 6382
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March 12, 2019, 11:13:58 AM
#5
Centralized financial companies are constantly working on solutions to make transactions between different parties as easy as possible, however, the cryptocurrency and blockchain payment solutions are very complicated for the average person to use.
Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.

Actually I think that your information is greatly outdated. There were done great improvements in the crypto payment methods too and the things are still evolving.
I mean you can already just open your wallet, scan a code and enter your password/pin/safety thing in your wallet. Not much different from paying in Europe with your card.

What we actually need are ways to pay directly with crypto. That's a field that needs to grow. We need more payment processors work with/accept crypto currencies.
Also EU just made a new report where they advise (and help with grants) the development of blockchain solutions and blockchain based payments. They may have meant new cryptos, but I don't see why the existing ones cannot be used.
sr. member
Activity: 1372
Merit: 250
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March 12, 2019, 11:06:05 AM
#4
Centralized financial companies are constantly working on solutions to make transactions between different parties as easy as possible, however, the cryptocurrency and blockchain payment solutions are very complicated for the average person to use.
Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.
yes, I think there must be an update for crypto transactions so that mutual benefits between one party and another. many complain about expensive transactions and not worth the benefits.
hero member
Activity: 2996
Merit: 580
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March 12, 2019, 11:00:22 AM
#3
No, it is not that complicated like what you said. How can be a peer to peer transaction be complicated for an average person to use? Cryptocurrency payments doesn't have to overcome anything, the banks are the ones who have been thinking that its a threat to them because they can see its potential once the people understands the power of decentralization. Traditional payment systems requires you to go through different parties (3rd) unlike crypto's, you'll pay someone directly without going through any 3rd party/bank.
hero member
Activity: 1484
Merit: 535
March 12, 2019, 09:34:38 AM
#2
Cryptocurrency and blockchain are the easiest financial tool the world have ever seen. How can a peer to peer system and a decentralized platform be complicated? With centralized financial institutions, there are limitation in how the transactions can be done and the account of money used for the transaction. I advise you spend some time to read more about cryptocurrency and blockchain and you will appreciate the simplicity of its transactions.
member
Activity: 431
Merit: 18
March 12, 2019, 09:20:05 AM
#1
Centralized financial companies are constantly working on solutions to make transactions between different parties as easy as possible, however, the cryptocurrency and blockchain payment solutions are very complicated for the average person to use.
Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.
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