Topic: eCommerce Adoption? (Read 331 times)

crypto is currently only decorating and complementing fiat money for transactions. now fiat money is still the main one and there is no crypto sign that it can shift fiat money

It's a tricky situation at the moment, because the price has dropped with more than 80% since 2017 and a lot of people are hoarding coins in the hope to get more "bang for the buck", when the price goes to a new ATH again.

Have you advertised properly that your sites are accepting Bitcoin, because most sites do not market that very well and then they blame the community for not supporting it. I would create a thread announcing that you are offering Bitcoin payment on your site and ask for inputs on how to increase traffic to your site.  

it will happen ofc and I think libra will push this ahead. Banks are also offering new services - centralized - to pay with qr codes. it's not crypto yet, but people are getting used to the interface.

How is the greed of holder preventing you to spend your bitcoins?


And look who is the greedy one:P
Seriously, think at least once if not twice before posting.


Let's actually get into a bit of the roulette playing because some sort of gambling is the main reason why people don't use crypto besides the speculation that it will go to a million.

I gave above an example of how I've paid with crypto to buy a smartphone just a week ago.
Would I buy something from this users website with crypto? NO. Sorry OP, but that's the reality.
And not because the op is a newbie, or cause I've never heard of the website before, it's because is a foreign business and I have zero ways to ask for a chargeback if s*** happens.

This is why I bought that smartphone, the shop is 2km away from me in the capital, the payment processor has a license to conduct business in my country for financial purposes, there are places where I can ask for either a refund or to return the product or anything else.

And this is where the international fee advantage of BTC (which I know from the previous discussions you're a real fan you can't stop comparing it to banks  ) is obliterated because you have to place your trust in the vendor.

Crypto will one day replace fiat. But then we have to admit that people will most likely save them for better days than spend them. After all, crypto, especially Bitcoin, has become more of an investment than a digital money. If it rises triple in value in the next few months, why would you just spend it, right? As soon as we reach a certain level of stability though, we will be seeing more on crypto spending. Well, I hope so.

I dont foresee a possibility of crypto currency taking over fiat completely. But what i can categorically tell you is that crypto will be here for a long time, to compete side by side with fiat, Thats the beauty.

In these early adopter days, most users are investors holding for higher prices. Everyone is speculating about usage and network utility years and decades down the road. It doesn't make sense to buy bitcoins -- incurring bank transfer fees, trading commissions, and Bitcoin network fees -- then use them for day-to-day spending shortly after. Holders tend to wait for significant price gains before spending.

This dynamic may change when Bitcoin and cryptocurrencies' speculative gains are mostly priced in and mass adoption has already taken place. At that point, people will still hoard bitcoins because of their scarcity and opt for cryptocurrencies with higher inflation or lower fees. But banking fees and trading commissions will be less of an issue since most people will own cryptocurrency at that point.

That is the sad truth. Currently, most users of bitcoin view it as an investment vehicle rather than a payment method. There could be a variety of reason to this but the most prominent is that bitcoin can be very valuable in a very short time. And, if you are a trader, bitcoin is more profitable to you by taking advantage of the huge fluctuation in price. Though the e-commerce use of bitcoin is important for its adoption, I think it will take a back seat until for at least a couple of years.

I do not know how Coinbase Commerce works but I hope the expense to keep accepting bitcoin as payment is not too big. I hope you can continue to accept bitcoin as payment.

It is brewing slowly, it simply has not reached critical mass yet. Also some people are awaiting regulation in different countries, with Japan being in the lead.

You have done the right thing, and shouldn't need to worry. That 0.5% is a 0.5% of satisfied customers, that would probably choose you again over others without the crypto payment option. I haven't seen your site but you could try positioning well the BTC logo, perhaps with a link explaining what it is or one of the many youtube videos that explain crypto currencies.

I can't promise it will replace fiat any time soon, but there will be a long period of coexistence. There is also the generational divide, those who were born in a world with crypto and those who didn't and still refuse their existence, who happen to be occupying lawmaking seats. As these dinosaurs leave, acceptance can only increase and adoption with it.

It might take another 100 years for crypto to be the only means of conducting transactions, with fiat itself becoming more and more virtual and less physical, the next logical step is crypto which is safer than a debit card and faster than a wire transfer. When internet came, credit cards started losing their purpose and were being used more as a means of electronic payment, something for which they were not designed. A customer who just wants to transfer money to a site online doesn't need or care for credit, and you can actually use a credit card like a debit card (pay in advance) to override its limit anyway.

A debit card works, but you need a bank with an account, etc. All of that goes poof with crypto, where you can choose to be your own bank and not beg others to do your accounting in exchange of even more fees (and play roulette with your money but lets not get into that).

It's only a matter of time, take it easy.

I'm not into ecommerce maybe your target customers aren't really into crypto. But it's good to see someone like you in the business who's been doing this for 4 years. I hope that you will never remove the option of paying your products with crypto.

Don't surprised with that, the revolution is just starting to spread all over the world. Give more years about it and you'll see the increase of your sales through crypto transactions.

The greed of men would just not allow crypto enthusiasts spend their cryptocurrencies. Honestly speaking sometimes when i look at some transactions i did way back i feel like kicking myself in the face. Anybody who believe in bitcoins and cryptocurrencies would definitely not spend all of them just like that.

The adoption and use of bitcoin will happen but it's really far from now i guess.

No, I do not think crypto will ultimately replace fiat money. Cryptocurrency will be a good alternative though.


Bitcoin being valuable is subjective IMO.  Many people don't give a thought about it nor wanting to acquire it, on the other note, people do everything they can to get fiat money.  And this is the reason why many investors are flocking in this crypto world because they wanted to double or triple the amount of fiat money they have.

       In short , bitcoin is more valuable than fiat money so most of people in crypto industry was decided to hold rather than to use as payments  on e-commerce however some altcoin can be use as payments and maybe people can afford to pay using altcoin

in my opinion, maybe this time is still not yet, but one day crypto can be used more than fiat money. dab, of course, all will use digital and practical. Of course, fiat money will also be digital like bitcoin. and I hope fiat and bitcoin can collaborate .

Bitcoin is an investing coin and people love to hold it, not to use it as a transaction coin, but to increase you cryptos flow you should promote your store on this forum, if you invest in some campaigns i'm sure you will start receiving more crypto users, but at the end will be hard to see more than 51% of your income from cryptos.

In my utmost opinion, I really think that the E-commerce transaction was really a big hit in my experience but not with using cryptocurrency, Well I guess maybe because of the increasing value right now and people would not want to sell their hold coins knowing that the price is going skyrocket at the moment, And speaking with the adoption that crypto will take fiat by storm I really think it is too early for that, I can not see something like that would happen right now, I guess we are in the stage where there is just a quite impression for the use of cryptocurrency,

Or maybe Vape or E-Cigar is not a click anymore or not all are surely using it just like myself but that is my own opinion and may include to the things that you may think why you think E-commerce is not a click in your experience, Maybe it is not the way you transact but the products that you are selling, Well I am looking at the other perspective why you had less transaction or profit.

Replace? never! But yes, it would exist side by side. Has bank paper currency replaced minted coins? I think you will find the answer there.

I spend it as I've wound up with far more value in it than I do in fiat. Also earning in it inspires you to spend. This is why it's an end game, not a start to it. I'm not like the majority of people when it comes to BTC. Maybe one day I will be.

They do a great job of keeping the site updated ....



Almost too good  

But I seriously doubt the accuracy, in my case, one coffee shop near me is long gone, it's a beauty salon now (not accepting bitcoins) and two ventures are mislabelled, they are placed on a shopping mall but they advertise some web hosting service. Not really keen on clicking the link they provide.
I also checked Colombia as they seem to have tons of shops but once you start exploring plenty of them were most likely spam that had nothing to with bitcoin.

On the other side probably there are hundreds of shops not listed because the owner or the clients don't have a clue about the website or they don't care.


You have 200 customers paying with bitcoin, that number is pretty good
To be honest, I'm actually amazed you passed the 100 mark, as the other said before, people are not really keen on spending and 99% probably are simply hoarding coins.

For what it’s worth, Coinmap keeps track of the number of venues that accept BTC (see https://coinmap.org/#/world/72.24891677/2.54882813/2). If we hover on the barchart at the bottom of screen, we can retrieve the following figures worldwide:

1st January 2013: 0
7th January 2014: 1952
6th January 2015: 5366
5th January 2016: 6938
3rd January 2017: 8006
2nd January 2018: 11201
Today: 15053

The information is probably incomplete, and also does not differentiate the size of the venues, but it’s a small indication of where we are, being sceptical as I am to the accuracy of the information (as I don’t know exactly how they build their database, how updated it is, and specially how close it is to reality – i.e % of Venures in the Database vs real world). The data is not specifically e-commerce centric, but may serve as a draft overview, which seems pretty small in the big picture.