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Topic: Making crypto succeed in the real world? - page 10. (Read 1179 times)

legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
Build confidence over the use of cryptocurrency. With regulation for economic stability comes infrastructural remodeling for uniformity and flexibility. So what need to happen beside regulation is building confidence that crypto can succeed in the real world.
I really accept that fact that confidence is all we need and truly, that is not there yet. A lot of people who are even in the space right now are possibly having faith in the future but still not sure yet the possibility of what the future could come with and this is where the level of fear, uncertainty and doubt in the market is extremely huge.

I guess over time, as government keep showing their arm to embrace and regulate it, things may start turning out better as we get to see more and more people coming into the space as a result of that confidence that crypto is going nowhere and it is here to stay.
legendary
Activity: 1330
Merit: 1019
In my country, this happened when a large caffer store used Altcoin as a form of payment. These stores use an application from the developer to make payment transactions with other users. But then the government banned it and removed it for money laundering.
We all know the worth and the potential of the crypto currencies in a very well manner and that we all know that how effective these crypto currencies can be in making the economic condition of this country stringer and better. However, we all need to play our part to promote these crypto currencies in a better way and to make this world a better place to live and that is only possible when more people will get to know about the crypto currencies.
hero member
Activity: 1036
Merit: 500
Hi, I would love to hear your input on this.

As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.

At least three things needs to happen:

1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.

Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?

Best crypto greetings,
Vindberg
https://validators.com
Yay, wow… what you said really makes a lot of sense, but the problem is who will agree to do that? 😏For every phone to come with Bitcoin wallets pre-installed in them, I think it will require the approval of the companies that are running the software, just like Apple is in charge of IOS and Google is in charge of Android.

These companies will be the ones to approve it, but I don’t think they will ever have interest in doing that. By the way, you don’t things to make it seem like you’re forcing people to make use of Bitcoin, it has to do with choice and not by force. But you still have good idea., though I don’t fully support it.
I really like positive minded and optimistic people like you. Yes we need to promote the technology as much as we can. We need to invest in the technology or spread information and aware people about the bounties the technology promises.

Many people around who want to invest but do not know about the technology if convinced of Bitcoin will switch their investment in the technology and so the technology will get promoted.
full member
Activity: 378
Merit: 100
Hi, I would love to hear your input on this.

As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.

At least three things needs to happen:

1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.

Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?

Best crypto greetings,
Vindberg
https://validators.com
Similar to this happens in coins.ph; I store my bitcoins in this app, and then it gives me lists of merchants that accept payment from them in Philippine Peso. Once I have decided which item to purchase, coins.ph converts my bitcoin into local currency and then sends payment to the merchant. It made it simple rather than cashing out.
Yes, that is, I think if the method used is 'pre-funded assets' in which the customer needs a topup in advance of their balance, it will certainly facilitate and speed up processing by the merchant. I am not pessimistic it will be applied in other places as the regulations will be agreed with the government to facilitate this business.
newbie
Activity: 39
Merit: 0
This is something that would happen if there are no more regulations in the crypto market and all countries will adopt the payments via digital currencies-even the countries that are still developing. This is the ideal world that most of us wants and I hope and yearn for this day to happen. The new generations should be learning this new type of technology in that way they can carry the torch and pass it to the next one- innovated and modified better for a better world to use.
I think that would not be possible even if all the countries have adopted crypto because of its electronic nature still there are many shortcomings in terms of security or technology.
Well bitcoin is the part of our life and it is effecting our daily life which helps us in all fields of life, I am using bitcoin which is really a great thing for me and every day I am watching my bitcoin growing and it will give me huge profit if will keep on holding, bitcoin can be seen as real life currency after the regulation. Today it is digital era where everything is getting digital so we really need digital currency to be a part of our life so in future it will not be hard for us to live satisfactory.
newbie
Activity: 33
Merit: 0
Build confidence over the use of cryptocurrency. With regulation for economic stability comes infrastructural remodeling for uniformity and flexibility. So what need to happen beside regulation is building confidence that crypto can succeed in the real world.
full member
Activity: 350
Merit: 100
Hi, I would love to hear your input on this.

As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.

At least three things needs to happen:

1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.

Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?

Best crypto greetings,
Vindberg
https://validators.com
yes you would be successful if your token will become great and of course you have a concrete plan to for your token to succeed. your road map must be good for the eyes of investors so your token will be popular and you will be rich. people nowadays are want that token that they can use everyday  so make something useful token
legendary
Activity: 1204
Merit: 1028
Hi, I would love to hear your input on this.

As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.

At least three things needs to happen:

1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.

Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?

Best crypto greetings,
Vindberg
https://validators.com
Yay, wow… what you said really makes a lot of sense, but the problem is who will agree to do that? 😏For every phone to come with Bitcoin wallets pre-installed in them, I think it will require the approval of the companies that are running the software, just like Apple is in charge of IOS and Google is in charge of Android.

These companies will be the ones to approve it, but I don’t think they will ever have interest in doing that. By the way, you don’t things to make it seem like you’re forcing people to make use of Bitcoin, it has to do with choice and not by force. But you still have good idea., though I don’t fully support it.
member
Activity: 714
Merit: 11
BountyMarketCap
This is something that would happen if there are no more regulations in the crypto market and all countries will adopt the payments via digital currencies-even the countries that are still developing. This is the ideal world that most of us wants and I hope and yearn for this day to happen. The new generations should be learning this new type of technology in that way they can carry the torch and pass it to the next one- innovated and modified better for a better world to use.
I think that would not be possible even if all the countries have adopted crypto because of its electronic nature still there are many shortcomings in terms of security or technology.
blockchain technology on crypto is already sophisticated and many countries admit it. only problem is the fluctuating crypto price and difficult to accept by many countries.
member
Activity: 350
Merit: 11
This is something that would happen if there are no more regulations in the crypto market and all countries will adopt the payments via digital currencies-even the countries that are still developing. This is the ideal world that most of us wants and I hope and yearn for this day to happen. The new generations should be learning this new type of technology in that way they can carry the torch and pass it to the next one- innovated and modified better for a better world to use.
I think that would not be possible even if all the countries have adopted crypto because of its electronic nature still there are many shortcomings in terms of security or technology.
full member
Activity: 672
Merit: 100
In my country, this happened when a large caffer store used Altcoin as a form of payment. These stores use an application from the developer to make payment transactions with other users. But then the government banned it and removed it for money laundering.
legendary
Activity: 1582
Merit: 1059
I don't really think that the lack of adoption is related to wallet adoption or any kind of services/platforms related to wallets. I will only talk about bitcoin, because in my opinion is the closest crypto we have, that has a chance to become a currency. In order to BTC to be adopted by merchants it needs to solve the issues that are being talked about over and over again.

First it needs to solve scalability issues, and the lightning network will fix that soon.

Then it needs clear regulation, otherwise merchants won't be really comfortable in investing their money in order to create/adopt a payment service that could bring problems to them in the future.

Then it needs more liquidity in order to become less volatile. Of course this last one will solve itself once adoption starts to occur.

Finally it needs what the OP was mentioning, but I don't think an alliance it's needed or anything like that. We have services like pundi for example, that are creating a good platform for merchants to use crypto, and we probably have many more like then, and once all the other issues are solved, since everything is open source, we will get plenty of services popping up in no time, that are stable and user friendly.

I really think that what the OP was mentioning will be the last step in adoption, and it's an easy one to make.

sr. member
Activity: 476
Merit: 259
Making cryptocurrency success in the real world means that you will get a lot of people to get to understand the benefits and find it really use, and finally adopt it for real world transactions.
We can achieve it by taking only bitcoin for the services that we offer, but it's really hard to do that because you will just end up converting the bitcoins into cash so most of the people won't mind to take cash directly.
newbie
Activity: 154
Merit: 0
To make the crypto a success in the real world, the hands of many of them are investors, bounty programs. ico and most importantly the members must jointly build them to become more useful to society
sr. member
Activity: 714
Merit: 261
Wallet alliance? No man, its not about the wallet itself. Those things will never matter as they are just processes of transferring, storing and retrieving the info about the coin. Thats virtual thing, an android app for instance!

What really matters is government approval to all these things. As long as reserve bank of each nation dont come to the same page until then we are not going to see that one happening really. The wallet creation has become very easy these days and there are literally thousands of them both regulated and unregulated one.
hero member
Activity: 840
Merit: 516
Hi, I would love to hear your input on this.

As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.

At least three things needs to happen:

1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.

Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?

Best crypto greetings,
Vindberg
https://validators.com
The demand isn’t as big as the risk that they will face, it’s possible but we still have to be patient waiting for Lightning Network to be able to transact fast so the transaction in the store will not hung up just by 1 Bitcoin transaction only. But there is nothing wrong to invite or advise merchants to accept Bitcoin as a medium of exchange.

I think they must taste the benefits of bitcoins in business. Bitcoins are creating so easy solutions to hundreds of the problems out there in business industry. You are even allowed to increase your investment and profits ratio just be indulging in bitcoins. Keep your business’s portion in bitcoins as well and get a boost of profit side by side as well. So yes, they must get into this.
newbie
Activity: 67
Merit: 0
It is completely right and this has happened and it keeps on happening.
full member
Activity: 966
Merit: 102
Codecs now do not simply exist in the form of payments that represent a new technology, a company, an organization, and the promotion of social development. Ever since ETH came out and upgraded to the smartest version of the new technology, it's under development. I believe that by 2020 the crypto will become more common and solve many problems of the world. At the same time, the market capitalization of Crypto will be huge based on the value of crypto.
newbie
Activity: 77
Merit: 0
If that would have been easy then it could have been already being followed everywhere. But its not! Merchants fear because they have to track the sales, earnings, pay taxes and much more. There is no provision for this purpose yet and thats why they might not just accept it so easily. For customers it gets difficult to wait in the coffee shop until they get sufficient confirmation of the bitcoin process. So there are not single but many problems in using this currency. Until the time we dont see huge set up for this then we cant see any progress as whole really.

I looks like the lightning network could make the transaction fast as any VISA payment and function offline with later synchronization. Its true that merchants lack integration with the old systems - Not seeing anyone doing this besides maybe https://utrust.com/.

V.
actually this kind of thing is a good goal and can happen, but it may take a long time.
as has been discussed. Internet connection is still not stable and uneven, this will be a barrier.
full member
Activity: 350
Merit: 100
Hi, I would love to hear your input on this.

As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.

At least three things needs to happen:

1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.

Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?

Best crypto greetings,
Vindberg
https://validators.com
I think cryptocurrencies are already successful in real world first there is a cryptocurrency everywhere. Second if cryptocurrencies are fake billionaires or. Millionaires because of Cryptocurrencies are also fake. We shouldn't make a money in cryptocurrencies when its already fake right
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