Increasing acceptance level - Cryptocurrency

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legendary

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Quote from: Dhaniii on August 16, 2021, 10:38:00 AM

I can see at a glance that the photo attached is a little unclear. That's the transportation used which is generally used by local not foreign transportation, at least he uses We accept cryptocurrency in Hindi not English unless he aims at foreigners so he uses English. so I'm a little doubtful and don't believe that they accept cryptocurrency as a means of transportation payment.

How difficult is English for local people to understand from public transport? The word “we accept cryptocurrency” is almost recognizable by 90 out of 100 people I think now if placed on public transport. But not to say that your guess is wrong, but the second most likely reason you have answered yourself. So keep thinking positive.

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unless he aims at foreigners so he uses English

Kittygalore

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Quote from: Dhaniii on August 16, 2021, 10:38:00 AM

I can see at a glance that the photo attached is a little unclear. That's the transportation used which is generally used by local not foreign transportation, at least he uses We accept cryptocurrency in Hindi not English unless he aims at foreigners so he uses English. so I'm a little doubtful and don't believe that they accept cryptocurrency as a means of transportation payment.

Why the hell would that driver put that sign if he doesn't accept cryptocurrency, what logic is that? Even if it's not in Hindi, pretty sure that a lot of Indians can understand those simple sentence and if not, people can always ask what's in the sign. Although, it still depends on the crypto their accepting, there's a lot of it and I am sure that not a lot of people will pay in crypto for transportation.

Jercyhora2

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Quote from: dothebeats on August 04, 2021, 01:28:35 PM

It's good and all but certainly not something that is economically feasible, unless we're using cryptocurrencies with low transfer fees and are also fast to confirm.

Great to see that the common folk are seeing cryptocurrencies in a different way. Perhaps a lot of them are thinking that cryptocurrencies are get-rich-quick vehicles due to other people's testimonials, but we couldn't blame them though if they are living in awful conditions.

This was exactly I thinking about, it will be hard to pay passenger vehicle like that. Depends on what crypto they accept, maybe using xrp it be more cheaper transaction fee and fast payment. But if using bitcoin, I think it's not very good idea. Because the transaction fees are changing from time to time. Or even using ETH as payment, maybe it'll end up paying expensive fees for cheap transportion service.

Dhaniii

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https://i.imgur.com/hgxNNiA.png

I can see at a glance that the photo attached is a little unclear. That's the transportation used which is generally used by local not foreign transportation, at least he uses We accept cryptocurrency in Hindi not English unless he aims at foreigners so he uses English. so I'm a little doubtful and don't believe that they accept cryptocurrency as a means of transportation payment.

worle1bm

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When such people who are daily workers and don't belong to filthy rich class starts accepting bitcoin and crypto payments then mark it that it is going to soon used by all.They are people who fears volatility and fees could take major portion of the the total fare and they could end up with less amount and have to maintain the wallets and backup keys for the same.But yes they are doing it because educated ones want profits and know it is future of payments and are already making their move to accept it.Good to see that images.

breathlessz

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Quote from: Alert31 on August 13, 2021, 06:24:36 PM

Quote from: watergold on August 04, 2021, 01:15:01 PM

Good idea, but for me too often you take a transport car and pay with crypto what is excessive while the fiat money in your pocket is spent on more expensive goods. For me it's not a problem, but how about paying with fiat directly it's easier for you to put it next to the driver and leave.

Indeed, it was easier to pay fiat money directly than to pay with crypto. It's a hassle to pay with crypto when you are riding on a car or bus or any transport because you need to make transactions everytime you pay and you need to have internet connection everytime you ride. Then, everytime you made a transaction there is a high transaction fee which is not good, I think.

Cash is of course the best transaction because it doesn't need to wait, of course crypto has a lot of problems when used like fiat, it's a strange thing when the transaction then the balance is lost because it gets hacked, because the private key is also prone to being hacked.

when viewed with cash there is also a weak point, where there are counterfeit currencies too, and this will not be found in cryptocurrencies. but indeed for now cash is the most relevant means of payment, but we will not know what will happen in the future, because the development of the digital world seems to continue to increase and later if it is judged to be more profitable then anything can happen

cabron

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Sorry to say, I don't believe it's real or edited image but it is impossible, how auto driver can manage Crypto and driving auto, which Crypto he will accept, if some give him ETH they can't withdraw.

But if it's in El Salvador I guess it's somehow believable actually. If I have to accept Bitcoin I would particularly indicate which coin to be precise with the logo of the coin in the image. India seems to be far from adopting Bitcoin or any cryptocurrency. Their government has a very confusing law about it and there are articles about them developing CBDC too.

tanjiran

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Quote from: Alert31 on August 13, 2021, 06:24:36 PM

Quote from: watergold on August 04, 2021, 01:15:01 PM

Good idea, but for me too often you take a transport car and pay with crypto what is excessive while the fiat money in your pocket is spent on more expensive goods. For me it's not a problem, but how about paying with fiat directly it's easier for you to put it next to the driver and leave.

Indeed, it was easier to pay fiat money directly than to pay with crypto. It's a hassle to pay with crypto when you are riding on a car or bus or any transport because you need to make transactions everytime you pay and you need to have internet connection everytime you ride. Then, everytime you made a transaction there is a high transaction fee which is not good, I think.

So far, the use of crypto, especially BTC for micropayments, is not effective enough, and it is simpler to use fiat or e-money payments. I think it will take quite a while for btc to really be widely accepted and recognized by the government, and its use as a payment alternative will slowly show progress. it takes time too until the existing human resources are ready and adapt to cryptocurrencies, this is a bit complicated for ordinary people, believe me.
I consider btc and crypto in general as trading commodities and investment tools, because for me payments using fiat and e-money are still very effective.

Alert31

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Quote from: watergold on August 04, 2021, 01:15:01 PM

Good idea, but for me too often you take a transport car and pay with crypto what is excessive while the fiat money in your pocket is spent on more expensive goods. For me it's not a problem, but how about paying with fiat directly it's easier for you to put it next to the driver and leave.

Indeed, it was easier to pay fiat money directly than to pay with crypto. It's a hassle to pay with crypto when you are riding on a car or bus or any transport because you need to make transactions everytime you pay and you need to have internet connection everytime you ride. Then, everytime you made a transaction there is a high transaction fee which is not good, I think.

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Quote from: Marvell1 on August 08, 2021, 10:40:33 PM

Quote from: Kimberl2020 on August 05, 2021, 02:58:03 AM

I have tried to display a reminder of accepting cryptocurrency payments in my shop.

But many customers don't know what cryptocurrency is. Some interested will ask, I also have to teach him how to buy it on the exchange and then how to transfer it to me. This wastes a lot of time.

In a month, no stranger pays with cryptocurrency except for a friend who understands Bitcoin. He used Biance's C2C function to transfer me a 200USDT bill. Finally, I removed the cryptocurrency payment method.

It takes a long time to promote cryptocurrency payments.

Although we live in the technological age but not everyone can use smartphne proficiently.Cryptocurrencies require you to have more skills to use.Cryptocurrencies have gained rapid popularity in recent times.
Actually it's not ready to become a daily payment method, we need more time.

It is not only us who need more time, it is also Bitcoin itself that needs more time to develop further. I also believe that Bitcoin won't become the payment method we will use on a daily basis. Decentralized finance also isn't ready yet. There is a lot of development to come in that area as well and that will be the same for Bitcoin. It is interesting to speculate about where we will be at in five years time. I think that is a reasonable time span to expect some significant changes to the current situation and the role cryptocurrencies play in our lives.

milewilda

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Quote from: Dewi89 on August 13, 2021, 03:08:43 PM

Quote from: sunsilk on August 04, 2021, 05:23:09 PM

I guess they use multi currency wallets since it's not indicated which specific crypto that they accept. Or maybe when you ask them what cryptos are they accepting, it will only be limited to the top cryptos.

But it only shows that even for small services like the tuktuk's, it can also happen for the other transport vehicles that are open to the public.

We will know the multi wallet that bitcoin accepts when applying for payment using bitcoin, then the driver will show a QR code through the wallet wallet application that he uses. I didn't expect the tuktuk service to accept bitcoin, meaning that bitcoin has grown and can be used by everyone for any transaction.

Adoption is on the move and it is somewhat expected nor we do likely presume that we would really be seeing crypto payments more rampant compared as of these years.
Recognition had risen due into its actual utility which could really be actually fit out in terms of payment and since each country does have its own take about crypto then
we could really take advantage of it and i wasnt really that surprised about these integrations because ive seen some merchants here on my place which does accept
crypto on buying up their goods or services which is really great to look at.

Dewi89

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Quote from: sunsilk on August 04, 2021, 05:23:09 PM

I guess they use multi currency wallets since it's not indicated which specific crypto that they accept. Or maybe when you ask them what cryptos are they accepting, it will only be limited to the top cryptos.

But it only shows that even for small services like the tuktuk's, it can also happen for the other transport vehicles that are open to the public.

We will know the multi wallet that bitcoin accepts when applying for payment using bitcoin, then the driver will show a QR code through the wallet wallet application that he uses. I didn't expect the tuktuk service to accept bitcoin, meaning that bitcoin has grown and can be used by everyone for any transaction.

ReiMomo

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Quote from: Vaskiy on August 04, 2021, 12:43:29 PM

Below is a pic that's been taken on a ride. Everyone might be familiar with the Autorickshaw of India. In some part people term them as Autowala.The auto rickshaw is called with different names on different countries including auto, auto rickshaw, baby taxi tuk-tuk, 3wheel, bao-bao, tukxi. The operators are very common people who have their living out of the earning through this rental rides. They've started accepting cryptocurrency is something big and shows the increasing level of cryptocurrency acceptance.

Really exited to see this. To be frank, I am from where the auto is driven. Lovely to see, guys openly keeping a paper board stating he is accepting crypto currencies. I am sure, riding auto must be his part time job and he must be working around here in forum or trading in the big platforms here. We do see many good big companies take time in accepting crypto currencies, but where as an individual who is just a runs auto business by himself, is accepting crypto currencies. Need to really appreciate him man.

ninabobo

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Quote from: watergold on August 04, 2021, 01:15:01 PM

Good idea, but for me too often you take a transport car and pay with crypto what is excessive while the fiat money in your pocket is spent on more expensive goods. For me it's not a problem, but how about paying with fiat directly it's easier for you to put it next to the driver and leave.

Firstly let's appreciate the fact that bitcoin is gaining mass adoption which is a good thing for everyone in the crypto space, but truth be told little things like this should just be paid with fiat because this will only add up to our daily stress, our movement won't be faster because you need to make payment and confirmation before leaving, so this will delay our daily movement, bitcoin can be used for bigger payments like in a shopping mall, sending money across country's for goods or services with no bank stress etc.

Tahsin Kabir Kollol

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As the value of cryptocurrency rises, so does its popularity and use. It is great to see that individuals are increasingly interested in the way that cryptocurrency has become a necessary thing of our everyday life, and despite the fact that it isn't something that appears to be effective or prudent now since expenses and exchanges time is high, however, executing the thought in individuals' day by day lives is a colossal advance toward worldwide transformation.

jaberwock

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Quote from: Vaskiy on August 04, 2021, 12:43:29 PM

Below is a pic that's been taken on a ride. Everyone might be familiar with the Autorickshaw of India. In some part people term them as Autowala.The auto rickshaw is called with different names on different countries including auto, auto rickshaw, baby taxi tuk-tuk, 3wheel, bao-bao, tukxi. The operators are very common people who have their living out of the earning through this rental rides. They've started accepting cryptocurrency is something big and shows the increasing level of cryptocurrency acceptance.

That’s really cool, but is this something that you can see on a regularly in your location, or is it something that is rare? For sure the rate of acceptance of bitcoin is going to grow. But, I do worry about how the transaction is going to work, whether it’s going to be fast enough to cope with the usage.

Although I know for sure that there are lots of cryptocurrencies that are fast these days. Since, I started making use of cryptocurrency it has usually been bitcoin about 80% of the times and then I also make use of Ethereum. It is recently that I tried out Tron, and used it for a transaction and it was instant. There are fast cryptocurrencies, just that we all prefer bitcoin.

Questat

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Quote from: bocyaj on August 12, 2021, 04:57:16 PM

You made a good work brother. It's seems to the auto rickshaw from the south india. I had seen a tamil language in one of the vehicle, in front of the auto rickshaw. It's good initiate by that driver of auto. He is seems to be the person explored to the updated technology.Hope he will earn good money.

This is a kind of initiative that people from India particularly for these Autowala giving some options and the good thing is it also helping to spread awareness about crypto. But I'm in doubt how the transaction could be run instantly and for the fees as well knowing that most of the time there are some delays that happen and it sometimes takes a few minutes to confirm. We'd never know their strategies, maybe they'll buy the ticket first and get paid with cryptos before making a ride.

Viscore

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Quote from: Hamphser on August 12, 2021, 04:57:58 PM

Quote from: Vaskiy on August 04, 2021, 12:43:29 PM

Below is a pic that's been taken on a ride. Everyone might be familiar with the Autorickshaw of India. In some part people term them as Autowala.The auto rickshaw is called with different names on different countries including auto, auto rickshaw, baby taxi tuk-tuk, 3wheel, bao-bao, tukxi. The operators are very common people who have their living out of the earning through this rental rides. They've started accepting cryptocurrency is something big and shows the increasing level of cryptocurrency acceptance.

I havent seen any of those here on my country but i do see some shops or merchants that do already accept cryptocurrency which is really showing that adoption is on the move.

Really a good benefit for those who live in a country on where transportation payment option does already include crypto which is really a convenient one.

But i doubt that people would be using this actively because majority will surely be opting to hold their coins instead rather than using their coins on daily active transport.

Maybe for now as the adoption is not fully developed, those who knew bitcoin would rather hodl it rather than spending it. But in times when cryptocurrency is fully accepted not just in transportation but in all aspects of man's life, then we can expect that bitcoin or any form of crypto will be widely spend.

But i wonder how these passengers transact their payment? I'm thinking about the transaction fee. But i'm happy with this news. Now we are starting to adopt crypto in some parts of the world. Hopefully crypto will also be fully accepted in my country in the next years to come.

ajochems

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Quote from: skybot13x on August 11, 2021, 08:12:57 AM

Quote from: oktana on August 09, 2021, 07:49:58 PM

I basically replied some other topic regarding the increase in acceptance level of cryptocurrency. It seems like many people are not understanding the fact that everyday, people get to know what Bitcoin is and understand that it functions beyond being a speculative asset; that it can serve as a payment method too. This is really an inspiring post. Not just to Bitcoin but to every crypto that strives to be used as a payment method.

No, that is not what they observe these days mostly. Imagine you find out about Bitcoin today and there is a restaurant accepting Bitcoin, have fun trying to pay for your 10 USD pepperoni pizza with Bitcoin... Cheesy

20 USD in fees, 10 USD the Pizza, 2 USD the tip, seems to me like a pretty expensive pizza that you also had to wait for 30 minutes because the one block confirmation took a little bit longer.

You are seeing in a wrong perspective.The people can directly converted the cryto currency in many exchanges.The transaction to auto driver can be made with the usdt using of trc20 address.So the fee will be 0$ and the minimum wage using auto rickshaw will be 1 dollar or above.

Hamphser

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Quote from: Vaskiy on August 04, 2021, 12:43:29 PM

Below is a pic that's been taken on a ride. Everyone might be familiar with the Autorickshaw of India. In some part people term them as Autowala.The auto rickshaw is called with different names on different countries including auto, auto rickshaw, baby taxi tuk-tuk, 3wheel, bao-bao, tukxi. The operators are very common people who have their living out of the earning through this rental rides. They've started accepting cryptocurrency is something big and shows the increasing level of cryptocurrency acceptance.

I havent seen any of those here on my country but i do see some shops or merchants that do already accept cryptocurrency which is really showing that adoption is on the move.

Really a good benefit for those who live in a country on where transportation payment option does already include crypto which is really a convenient one.

But i doubt that people would be using this actively because majority will surely be opting to hold their coins instead rather than using their coins on daily active transport.

Topic: Increasing acceptance level - Cryptocurrency (Read 645 times)