Stablecoin might only win the stable aspect because they like fiat so it is indeed suitable for payment, but other digital currencies can dominate by using the auto-convert system at that time and indeed their project-based is good, it might happen to adopt them to the real world for payment.
but come back later whether it is more efficient or will be inferior to e-money because they use fiat and just click to purchase no need to bother. hopefully, in the future many cryptocurrency projects are competing to open new innovations for a better future.
Topic: How reliable is crypto payment? - page 3. (Read 349 times)
After all the volatility issue third party merchants are still using and accepting crypto as means of payment, they combined the most popular altcoins, Bitcoin and stablecoin in one, whichever one you have can be accepted, they charge based on present value, for example alchemy
I thought about the use of cryptocurrency by merchants for day to day trade settlement. When combined with fiat, it gives customers a lot of options and flexibility to chose how they transact. On the flip side, I am also thinking that crypto volatility could poss a lot of dangers and issues when adopting crypto for payment.
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
Price volatility is one of the big concern to common people who tend to accepts or use cryptos but lets see what we can get from using cryptos.What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
The value of cryptos are real unlike fiat which holds no value in real and the monetary value gets depreciating due to inflation.
We can make transactions easier.
Irreversible payment so reversing payment and scamming others is impossible.
No border to cryptos, we can send or receive money from any country with very less fee and in few minutes but wire transfer take huge fee and days of waiting for our money to be received.
That's one of the real issue that Merchants are facing. The volatility of coins to be accepted that makes some of them be deficit when converting it into fiat. However, there are still good few coins that can be use for low fees with fast transactions. Or also accept some stable coins if the problem will be the unsteady market price.
But it is hard, I have seen few businesses here in our place and got a chance to speak and ask the workers about how are those crypto payments doing so far. And sadly, it wasn't yet well used and most of the customers preferred to pay in fiat rather than crypto coins.
Agree, volatility of a coin is the bottle neck while paying crypto currency on a fixed price item when paying using crypto currency but its not a problem anymore for there are wallet like coins ph that we can convert first to fiat. But it is hard, I have seen few businesses here in our place and got a chance to speak and ask the workers about how are those crypto payments doing so far. And sadly, it wasn't yet well used and most of the customers preferred to pay in fiat rather than crypto coins.
That's one of the real issue that Merchants are facing. The volatility of coins to be accepted that makes some of them be deficit when converting it into fiat. However, there are still good few coins that can be use for low fees with fast transactions. Or also accept some stable coins if the problem will be the unsteady market price.
But it is hard, I have seen few businesses here in our place and got a chance to speak and ask the workers about how are those crypto payments doing so far. And sadly, it wasn't yet well used and most of the customers preferred to pay in fiat rather than crypto coins.
But it is hard, I have seen few businesses here in our place and got a chance to speak and ask the workers about how are those crypto payments doing so far. And sadly, it wasn't yet well used and most of the customers preferred to pay in fiat rather than crypto coins.
I have experiencing buying and paying Cryptocurrency to my host and I bought a lot of stuff too on the internet using my Cryptocurrency it's tried and tested and proven to worked and this is what constitutes to the success of Cryptocurrency as payment options and I don't see any problem when it comes to adoption, altcoins also have a chance for adoption for payment, as long as the advancement in Cryptocurrency in payment the adoption will make a progress.
Paying by cryptocurrency coins is quite convenient. However, the only problem with cryptocurrency payment is that it isn't recognized widely nowadays. Furthermore, it only accepts some of the coins such as BTC, ETH,.. not other coins. Personally, I think crypto payment will need a while to be widely popular! 
I thought about the use of cryptocurrency by merchants for day to day trade settlement. When combined with fiat, it gives customers a lot of options and flexibility to chose how they transact. On the flip side, I am also thinking that crypto volatility could poss a lot of dangers and issues when adopting crypto for payment.
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
I have experiencing buying and paying Cryptocurrency to my host and I bought a lot of stuff too on the internet using my Cryptocurrency it's tried and tested and proven to worked and this is what constitutes to the success of Cryptocurrency as payment options and I don't see any problem when it comes to adoption, altcoins also have a chance for adoption for payment, as long as the advancement in Cryptocurrency in payment the adoption will make a progress.
I thought about the use of cryptocurrency by merchants for day to day trade settlement. When combined with fiat, it gives customers a lot of options and flexibility to chose how they transact. On the flip side, I am also thinking that crypto volatility could poss a lot of dangers and issues when adopting crypto for payment.
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
I think cryptocurrency is an amazing payment option in this 21st century, it has helped made global payment easy and faster, I believe cryptocurrency is the future of the world finance. Conventional altcoin has a better chance with its stablecoins counterpart in driving payment
Agree, especially now that people can't go out and send cash. I have some friends using crypto as a digital way of sending money.
Crypto payment is very reliable in terms of fast, convenient, and no or fewer transaction fees. In that case, it has a downside when it comes to unstable coins due to fluctuating prices in no time which is volatility. So that is also the major reason most people find it difficult to accept or adopt a whole range of merchants. But in my opinion, it will be the way of others in the future where there will be a gateway to automatically convert the crypto to fiat and vice versa within the system. It seems like this is just like Bitpay.
I thought about the use of cryptocurrency by merchants for day to day trade settlement. When combined with fiat, it gives customers a lot of options and flexibility to chose how they transact. On the flip side, I am also thinking that crypto volatility could poss a lot of dangers and issues when adopting crypto for payment.
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
One of the main reasons why global adoption doesnt move out that fast due to volatility aspect. There are several platforms that i have known like Steam
where they do accept bitcoin as a payment but due to fee and volatility issue, they've decided to remove it out which is a sad thing.
For now we cant do anything with it and i cant really deny the fact that stablecoins and xrp ^^ mentioned above do really fits out for the job.
That is the risk for bitcoin and other digital currency to be use as payment method. But there are still other solution,merchants can add a little fee to accept transactions and also asking for rate a little above in the current rates of digital currency into fiat. But if the merchants is a risk taker then there will be no problem regarding this matter.Also it will become profitable on their sides because of this volatility,although it's value may go down but it will increase again.
I think it would depend on the business owners if they are willing to take risks with the volatility of the crypto market. For example, I remember that steam was excepting cryptocurrency as payments for their games and other payable content, and they didn’t like the volatility of crypto and discontinued it, IIRC.
Most of the owners are probably worried about the payment methods and the legal aspect of the crypto currency‘s right now. We’ll see.
If they are scared of the volatility, I think with stable coins, they would be at ease.
P.S. I don't know what ”poss” have to do with crypto
Most of the owners are probably worried about the payment methods and the legal aspect of the crypto currency‘s right now. We’ll see.
If they are scared of the volatility, I think with stable coins, they would be at ease.
P.S. I don't know what ”poss” have to do with crypto
... crypto volatility could poss a lot of dangers and issues when adopting crypto for payment.
I think that cryptocurrency is the future of payment and all advantages of crypto in touch-less payment is proved. Altcoins is not the selection, because its price is not stable and it is risky in finance term, it must be stablecoin, and an national official cryptocurrency is the best choice. China is the first country that is in cryptocurrency testing phase, it's called central-bank digital currency (cbdc). I believe that cryptocurrency is the future of payment, but it is not one of cryptocurrencies that we have now.
China though is not the first, we have Maduro's Petro and Russia's crypto rubble. But I think China will do far better that the two nations because of how they are going to structured their CBDC.
As for bitcoin, it's drawback is its volatility nature. If you are a online merchant a simple fluctuations will really affect the price, unless you are really into bitcoin and would rather HODL the payments for you, it will be a big and daunting task for bitcoin to be a crypto payment method, just saying.
I think that cryptocurrency is the future of payment and all advantages of crypto in touch-less payment is proved. Altcoins is not the selection, because its price is not stable and it is risky in finance term, it must be stablecoin, and an national official cryptocurrency is the best choice. China is the first country that is in cryptocurrency testing phase, it's called central-bank digital currency (cbdc). I believe that cryptocurrency is the future of payment, but it is not one of cryptocurrencies that we have now.
in reality in the world of crypto, bitcoin and ethereum have always been a means of payment exceeding stable coins. So far, I think all crypto users have trusted payments via bitcoin. in fact, many companies have accepted bitcoin as a means of payment, for example, steam. it's just that, many do not survive because of fluctuations that occur at the price of bitcoin so quickly.
I thought about the use of cryptocurrency by merchants for day to day trade settlement. When combined with fiat, it gives customers a lot of options and flexibility to chose how they transact. On the flip side, I am also thinking that crypto volatility could poss a lot of dangers and issues when adopting crypto for payment.
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
The world has switched to digital, including in terms of payment or transaction. Cryptocurrency is still fluctuating in price, but as an alternative payment and investment, I think cryptocurrency will continue to grow both in terms of technology and price
I thought about the use of cryptocurrency by merchants for day to day trade settlement. When combined with fiat, it gives customers a lot of options and flexibility to chose how they transact. On the flip side, I am also thinking that crypto volatility could poss a lot of dangers and issues when adopting crypto for payment.
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
I think cryptocurrency is an amazing payment option in this 21st century, it has helped made global payment easy and faster, I believe cryptocurrency is the future of the world finance. Conventional altcoin has a better chance with its stablecoins counterpart in driving payment
I thought about the use of cryptocurrency by merchants for day to day trade settlement. When combined with fiat, it gives customers a lot of options and flexibility to chose how they transact. On the flip side, I am also thinking that crypto volatility could poss a lot of dangers and issues when adopting crypto for payment.
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
Satoshi Nakamoto created bitcoin precisely for the purpose of using It as a means of payment. And he managed to create a means of payment that does not depend on any banks and countries. But then speculators came to the crypto market and distorted the meaning of cryptocurrencies.
There is Bitpay which you can use as third party which can automatically convert the payment to you with the preferred crypto by your customer.
This will allow you to be worry-free with the volatility.
https://bitpay.com/online-payments/
This will allow you to be worry-free with the volatility.
https://bitpay.com/online-payments/
I thought about the use of cryptocurrency by merchants for day to day trade settlement. When combined with fiat, it gives customers a lot of options and flexibility to chose how they transact. On the flip side, I am also thinking that crypto volatility could poss a lot of dangers and issues when adopting crypto for payment.
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
One of the main reasons why global adoption doesnt move out that fast due to volatility aspect. There are several platforms that i have known like Steam
where they do accept bitcoin as a payment but due to fee and volatility issue, they've decided to remove it out which is a sad thing.
For now we cant do anything with it and i cant really deny the fact that stablecoins and xrp ^^ mentioned above do really fits out for the job.
It's really sad to see that removal since many thought that it is the start of global adoption but suddenly bad scenario changes the phase of the game the volatility didn't cooperate for the one of big step of the game changing event especially with bitcoins.
But this could change if those merchant discovers the stable coins and xrp since they can rely on it interms of transaction speed as well the cost.
There are quite a few solutions that allow merchants to liquidate BTC on the go.
If a merchant doesn't want to carry the risk of holding bitcoin, it's quite easy. It could even be done without specific checkout software and/or proprietary solutions/platforms.
Just use an exchange, start a trade, and fill it with the set amount that it asks for. If the fee is also sufficient, the merchant carries little risk. Because supposedly the price could change during the time the transaction takes to be completed. BitPay outweighs these risks by demanding a certain fee to accept transactions and also asking for a BTC/FIAT rate a little above current rates.
If a merchant doesn't want to carry the risk of holding bitcoin, it's quite easy. It could even be done without specific checkout software and/or proprietary solutions/platforms.
Just use an exchange, start a trade, and fill it with the set amount that it asks for. If the fee is also sufficient, the merchant carries little risk. Because supposedly the price could change during the time the transaction takes to be completed. BitPay outweighs these risks by demanding a certain fee to accept transactions and also asking for a BTC/FIAT rate a little above current rates.
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