Its coming i faster and would shock most people - page 3.

isaac_clarke22

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Quote from: Smartvirus on March 11, 2021, 07:26:04 PM

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There was a thread here long time ago that says the same that hotels are now accepting cryptos as payment method. It's not something to be surprised of anymore actually. Having a cashless transaction is quite common now for the obvious reason of no physical contact with some people.
Even the travel payment here in my country is doing cashless now actually like those toll gates in freeways.
Only thing to worry about is will the adoption stay the same post-pandemic.

Silberman

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Quote from: Kakmakr on March 12, 2021, 12:29:09 AM

I can still remember back in the day when a large cigar shop (franchise) decided to accept Bitcoin as a payment option. Everyone was excited, because that was supposed to be the event that triggered mass adoption of Bitcoin as a payment option... but as we can see now, it is still not the case.

Bitcoin will not go mainstream as a "Currency" ...if the governments of the world keep on defining it as a "Commodity" Angry

The large companies have to adhere to the rules and guidelines of their governments and they will never do this without their approval. (Until then, companies will use Payment processors to convert Crypto back to Fiat) Roll Eyes

Which is why we should look for small companies adopting it, big corporations as you say cannot take risks and they are not going to do it unless they are given permission, but small companies and mom and pop stores do not have to do that since they are not as closely watched as those companies, so whenever you see a small store accepting bitcoin support them by buying something there, even if what they offer is not necessarily something that you need.

Distinctin

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Quote from: Smartvirus on March 11, 2021, 07:26:04 PM

Friends, I think the moment we've been waiting on is fast approaching and should it come as a shocker to most of us. O saw this on coindesk.
https://www.coindesk.com/luxury-us-hotel-group-now-accepts-bitcoin-dogecoin-and-other-cryptos?amp=1

what would our reaction be like?
When bitcoin and crypto finally emerges as the future?

Well uhmmm, we still won't reap the world into halves but then, it's going to be something for the crypto community.

What could that something be for you, haven't scaled through the scarry news of your investment days and have finally over came the challenge.

For them to win the competition and with the high demand for cashless payment, they must have to adopt the new trend. This gonna be a high risk for them but we have to face it otherwise, we left behind.

From now on, I was expecting more small establishments will have to work on their crypto wallet security in preparation for acceptance. It the beginning where we can say that crypto is a currency, not just a form of investment that we use to be in the past years. This not really shocking coz we possible be expecting changes day by day.

ReiMomo

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Bitcoin now is very trending all over the world, it's bit been shocked but I know that this will happen soon the adoption becomes widely becomes popular by most institutions and now hotels are accepting bitcoin, that is good news indeed to the bitcoin community. It is good to see that big companies are now following the steps of others who have early adopted bitcoin as a gateway or a payment method.

I guess it will not have such a huge impact but at least it will contribute to the possibility of growth in bitcoin price.

Oilacris

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Quote from: Smartvirus on March 11, 2021, 07:26:04 PM

Friends, I think the moment we've been waiting on is fast approaching and should it come as a shocker to most of us. O saw this on coindesk.
https://www.coindesk.com/luxury-us-hotel-group-now-accepts-bitcoin-dogecoin-and-other-cryptos?amp=1

what would our reaction be like?
When bitcoin and crypto finally emerges as the future?

Well uhmmm, we still won't reap the world into halves but then, it's going to be something for the crypto community.

What could that something be for you, haven't scaled through the scarry news of your investment days and have finally over came the challenge.

Why it would really be needed to be cut in halves when it comes to payment system? Fiat and crypto could exist both which is good because people would really have an option on which one they would make use.

Adoption is inevitable growing as the years goes by because if we do talk about awareness and integration that companies is been doing nowadays then it does show that we are really going there.

When it comes to investment matters then it would be good or ideal if you dont really make yourself get late with the ride but talking with acceptance and its relevance then
its never been too late.

uneng

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Although it's nothing new, it's a good sign bitcoin adoption keeps growing and that the digital currencies have a real use besides speculation, as some people still insist to claim. Now the next step in my opinion should be stores which sell daily needed products start accepting bitcoin (supermarkets for an example). Then bitcoin can start being used as currency more frequently.
I say this because businesses such hotels are very restricted to a small group of people who travel. It doesn't impact crypto market very much.

matchi2011

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Quote from: Lordhermes on March 12, 2021, 03:40:46 PM

Quote from: Smartvirus on March 11, 2021, 07:26:04 PM

what would our reaction be like?
When bitcoin and crypto finally emerges as the future?

I'm no longer surprised at this news any more because there are series of different cases of cryptocurrency adoption, so I future there should be as many as million dollar companies accept as an alternative means of making payments, so on the note of that, irrespective of the fact that cryptocurrency will become more popular and easily used by everyone, the digital currency will be at the brinks of many adoption.

With the types of investors like Elon Musk acceptance coming from multi million campanies is no longer far from this industry, knowing
that they'll be following the richest person of the world.

Companies are adjustable, when they are seeing good opportunities, they'll grab it as long as money concern and they'll be getting good
benefits.

verita1

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I feel that bitcoin has gained recognition and credibility as well as other cryptocurrencies as the best payment alternative that transcends borders, there are no limits.

The simple fact that luxury hotels take the first initiative provides security to other institutions that have not yet dared to accept bitcoin.

Without a doubt it is positive, it is our present that draws us a future so that in all corners of the world they begin to accept bitcoin and other cryptocurrencies.

BitPay is the current favorite solution, MasterCard has had to create alliances with these products to get into the game.

BIT-BENDER

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Quote from: ?? on ??

More and more businesses and company have started incorporating bitcoin and other cryptocurrency into their payment system and that has lead to boom in the price and adaptation of bitcoin and the entire crypto market. Hotels around the world are now accepting digital mode of payments.

I think there are limitations in countries about the amount of hotels accepting crypto-currency, Nigeria for example you hardly find any crypto-currency that is accepting bitcoin as payment, most important is that there are people -bitcoiners- almost every where accepting bitcoin privately or low key for their payment, not counting my Chicks before they harsh, I think in many countries bitcoin as payment is not prior, but it happens and that's progress.

Lordhermes

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Quote from: Smartvirus on March 11, 2021, 07:26:04 PM

what would our reaction be like?
When bitcoin and crypto finally emerges as the future?

I'm no longer surprised at this news any more because there are series of different cases of cryptocurrency adoption, so I future there should be as many as million dollar companies accept as an alternative means of making payments, so on the note of that, irrespective of the fact that cryptocurrency will become more popular and easily used by everyone, the digital currency will be at the brinks of many adoption.

J1mb0

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Quote from: cabron on March 11, 2021, 09:52:55 PM

Bitpay makes it all possible. Businesses like hotels accepting BTC and stablecoins are entirely believable but wanting doge is pretty much funny. I like doge I have some doge but it's just too early for them to really think the coin is going to be a real investment yet since there is no assurance yet whether the quick rise of DOGE could be sustainable in the long run.

Maybe Doge coin is being exaggerated and not true to its real value, however there is no problem accepting Doge. Doge coins are still being traded on a lot of platforms, they just need to get the doge and then sell them into another currency.

batang_bitcoin

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Quote from: acdc on March 12, 2021, 02:09:57 PM

I think they can accept all cryptocurrencies as long as it can be converted to another currency or they can sell it for cash.
Doge too, if they don't like doge they can sell it for bitcoin or any other currency.

They don't have to sell it for cash. BitPay will do it for them. There are third party services like BitPay that can help those companies that don't want to keep the payments in their original.
But instead, they're exchanging it for the favor of the company who wants to get hold of it in the "other currency" which is cash.

acdc

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I think they can accept all cryptocurrencies as long as it can be converted to another currency or they can sell it for cash.
Doge too, if they don't like doge they can sell it for bitcoin or any other currency.

nightxglow

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It doesn't actually shock me, since in fact i'm kinda expecting it to happen, sooner or later.
bitcoin has getting up the fame more and more lately, and of course those business won't fail to grab the opportunity and hop into the trend. It might give them some good image as well, like them being "advanced" or something, and like what you do now, they will be talked around just because they're finally accepting btc, and it might mean free advertisement.
but still, win win condition for bitcoin as well. The more people know about bitcoin and accept it, then the more bitcoin will be more known, used, and be more common. Hopefully it won't be considered illegal anymore in some places, and started to be used more.

fiulpro

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Hi
This is an amazing feat indeed for Bitcoins now what will happen is: these hotels are a brand they are being followed by thousands of small hotels, their this news would not only make them more open towards adding bitcoins and other cryptocurrencies in a form of payment but at the same time it would have positive effect on the price. I would love to go to a place where such hotels would exists, paying them through lightning network or even paying them through normal methods would be convenient for sure..but for me bitcoins will forever be an investment, this would always be way more than their usage in buying/selling commodities. But at the end of the day I do believe that this is something that is small. We have many businesses already doing that, maybe they can add things like 10% off if you pay through Bitcoins?.

Wexnident

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Nothing unexpected, I guess those new to the community would be quite surprised since we're only a decade in and we're moving forward at quite a fast pace, but honestly you could have already expected it even way back in 2017 when people began to know about Bitcoin due to the bubble that happened. Plus, the more industries join in, the faster adoption would come since it basically spreads the attention from one industry to the next with that. It's like seeing a track being built by the ones behind it with the train speeding up.

bitzizzix

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Quote from: pooya87 on March 12, 2021, 02:22:21 AM

I am more shocked at your surprise rather than the news you shared because it is nothing new. There have always been lots of businesses that accept bitcoin as payment which always included hotels too.
Additionally news like this become more common whenever bitcoin is in a bull run because the increasing price has always been a good incentive for people to spend their bitcoins rather than holding on to them (compared to bear markets when most people HODL). If you check 2017 for example you can see the same trend too.

Yes, when bitcoin is in a bull run, there will inevitably be news of the adoption of certain companies or people to add customers, plus in this pandemic their income is so minimal that they change new ways to use bitcoin or other crypto for payments.
Another reason when bitcoin increases, the growth of new users will increase and there is a lot of advertisement or good news everywhere about bitcoin, whatever the reason the company makes its transaction method using bitcoin or other crypto will still be converted to fiat.
businesses will follow and adjust what trends are happening, plus during the pandemic bitcoin or other crypto can be used as promising revenue and can be used as online transactions without touching.

pooya87

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I am more shocked at your surprise rather than the news you shared because it is nothing new. There have always been lots of businesses that accept bitcoin as payment which always included hotels too.
Additionally news like this become more common whenever bitcoin is in a bull run because the increasing price has always been a good incentive for people to spend their bitcoins rather than holding on to them (compared to bear markets when most people HODL). If you check 2017 for example you can see the same trend too.

Lorence.xD

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Quote from: mk4 on March 11, 2021, 10:34:56 PM

Ehh I'd like to be optimistic and think that businesses likes to hold their crypto but no, most probably not. They're accepting payments through BitPay, which businesses mostly use so they wouldn't need to actually hold cryptocurrencies as the crypto payments are automatically converted to fiat the moment they receive the payment. Even if they'd want to hold crypto, it'll most probably be a tax nightmare.

Well, at the least they are contributing to the economic circulation of cryptocurrency nonetheless. Now that you mention it, don't you think that it will be a good loophole for taxes that they are going to hodl the profits in bitcoin and other cryptocurrency? Coz AFAIK, there isn't any laws that is tackling that loop.

maydna

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If a real business such as hotels and other things can accept bitcoin or altcoins, making crypto will be known and spread in many places. People will be curious about crypto, and they will ask the officer or search from the internet what crypto is and how to use crypto. It can attract more people to come and try to use crypto. That can help the adoption process will grow, and sooner or later, all people will know about crypto, and they will see the benefits of crypto to them. The payment methods will transform from paper money or credit/debit card into digital payment. I think we already see it will happen in many places, as in this pandemic, the government is trying to suggest people use cashless.

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