The Three Keys to Fully Complete the Bitcoin Adoption and AcceptanceAs the following steps in the revolution and the evolution of the money, the Bitcoin is advanced and superior to the traditional currency in several and numerous ways. It is trustless, private, irreversible, and also efficient and lastly, it is deflationary. On the other hand, even the best and the greatest technological invention and creation is useless unless it is being used and utilized, and at this very moment the fiat currency still holds the title of the “real money” in the minds of the general public and the masses. In order to reverse that factor, the greater adoption and acceptance is needed on the part of the Bitcoin.
To be able to accomplish and fulfill this certain aim and goal, even though it is not any haphazard strategy and method will do so. Just simply by uttering and saying that “Here, Bitcoin is better, start using it instead.” Will produce and gain limited results. Instead by establishing and creating the cryptocurrency’s use in the global economy on one step at a time, and each and every single phase of progress and improvement becomes much more manageable and also realistic.
The Key Number 1: The Bitcoin as Useful [currency – Bitcoin – currency – destination]The very first key and step is to create and establish the Bitcoin as an intermediary device to develop a progress in the regular financial transactions. This can be purchasing gift cards all the way through the eGifter or the Gyft, purchasing something form Amazon through Purse.io, and sending a remittance payment to another country, or even paying an unbanked contractor.
Neither the party to these certain transactions wants or even has the Bitcoin, but it is obtained and also uses nonetheless to perform a specific function. A user buys the Bitcoin to save money on the gift cards or the Amazon purchases cheaply and yet also efficiently send a remittance or even pay unbanked contractor who otherwise would a limited options and choices for receiving the funds.
On what factor that this shown that the Bitcoin can be useful tool and device in a certain circumstances. Someone who did not view and see the Bitcoin as a money or even as a something worthy and valuable will nonetheless see and notice its usefulness in achieving and also attaining the certain aims and goals and as such will be willing to buy and purchase some for a certain select purposes. This certain plants the idea in the client’s and customer's’ mind, that the “Bitcoin can be useful.”
The Key Number 2: The Bitcoin as Valuable and Worthy [Bitcoin – currency – destination]At the moment that the cryptocurrency is in a wide-range use and in ready and also capable to supply the next key and step is to set up transactions in which originate as the Bitcoin and are later converted to a currency. Having already benefited from the very first key and step, the Bitcoin is in wide-range use, although no body touches it directly.
Now we will use the Bitcoin directly for the financial transactions and dealings with the end party is able to easily convert or even sell it afterwards. This includes the setting merchants up with a processor as such as the BitPay in which can be able to accept and take and immediately convert the Bitcoin transactions and dealings and giving out the Bitcoin tips and gifts and also holding on to the Bitcoin as a store of value and worth.
By practicing this, the idea is built and established that the Bitcoin itself has value and worth. Instead of simply a tool or a device to facilitate and control niche transactions and dealings, now it appears and sees as something that at the moment being received can be liquidated. Where at the moment it was desirable only if one had a specific purpose in their mind, now the Bitcoin is being seen and noticed as desirable no matter the circumstances. Now the idea becomes as the “Bitcoin is worth something.”
The Key Number 3: The Bitcoin as Money [Bitcoin – destination]The final key and step in the adoption and acceptance path is send the Bitcoin in exchange for goods and services and have it remain as such after reaching and obtaining its very end destination. This would include the offering to pay for the goods and the services directly in Bitcoin as well as convincing a merchant to store and keep a portion to pay an employee just for an example that formerly converted into 100% to currency.
Beforehand, the Bitcoin gained and attained usefulness as a tool and a device to facilitate a certain transactions and dealings, then it also gained value and worth as something that could be turned into money to pay and compensate for the goods and the services. Finally, it can be used directly for those goods and services in completing the idea of the “Bitcoin is money.”
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