Mass Adoption = Instant mobile transactions

rhodelmabanal

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Quote from: Tipstar on June 20, 2019, 07:53:15 PM

Quote from: rmilly on April 23, 2019, 12:51:59 PM

I was just discussing this with a friend the other day about how mass adoption of crypto will have be as easy as a venmo request and payment to someone. Right now tech is quite clunky and seeing peoples' keys can be intimidating to any new comer. What do you think will happen?

Do we have any projects in the works that help with this currently? I know Elixxir is in the works to make a messaging and payments app but they are still in alpha. I could see Lightning Network creating some sort of app

Libra could do it but Libra is going to be illegal in some countries. But if Libra really is developed as a cryptocurrency, no ban would restrict it.
Lightning network is also a solution. With just one satoshi fees, people would transact small amounts for buying.
It's really difficult for new projects to succeed as they are many but with very low credibility.

Maybe for now it's considered illegal due to it wasn't yet endorsed properly to the public to become more popular. Let's wait for further developments coming for Libra in the upcoming days, for sure there will be a massive adoption once every circumstances will be eliminated with regards to how it has been appreciated by other groups. If this coin will gain credibility, I believed success can be acquired even if this is a new coin.

Caladonian

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Quote from: Tipstar on June 20, 2019, 07:53:15 PM

Quote from: rmilly on April 23, 2019, 12:51:59 PM

I was just discussing this with a friend the other day about how mass adoption of crypto will have be as easy as a venmo request and payment to someone. Right now tech is quite clunky and seeing peoples' keys can be intimidating to any new comer. What do you think will happen?

Do we have any projects in the works that help with this currently? I know Elixxir is in the works to make a messaging and payments app but they are still in alpha. I could see Lightning Network creating some sort of app

Libra could do it but Libra is going to be illegal in some countries. But if Libra really is developed as a cryptocurrency, no ban would restrict it.
Lightning network is also a solution. With just one satoshi fees, people would transact small amounts for buying.
It's really difficult for new projects to succeed as they are many but with very low credibility.

Libra is one of those anticipated project that will cater this kind of transactions, if this coin will really get the supports of many businesses and government
from each side of the world it can be used as payment gateway, crypto industry will see the benefits and also the negative side after this coin start facilitating and being used around.

Tipstar

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Quote from: rmilly on April 23, 2019, 12:51:59 PM

I was just discussing this with a friend the other day about how mass adoption of crypto will have be as easy as a venmo request and payment to someone. Right now tech is quite clunky and seeing peoples' keys can be intimidating to any new comer. What do you think will happen?

Do we have any projects in the works that help with this currently? I know Elixxir is in the works to make a messaging and payments app but they are still in alpha. I could see Lightning Network creating some sort of app

Libra could do it but Libra is going to be illegal in some countries. But if Libra really is developed as a cryptocurrency, no ban would restrict it.
Lightning network is also a solution. With just one satoshi fees, people would transact small amounts for buying.
It's really difficult for new projects to succeed as they are many but with very low credibility.

starblocks

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Quick and simple payment transactions are on the horizon with Facebook's upcoming stablecoin project GlobalCoin which should remove some of the usability obstacles faced by cryptocurrencies and create new use cases that can advance the adoption of these types of technologies and support by mobile manufacturers like Samsung, HTC and in future possibly Apple too will increase their proliferation worldwide exponentially

axel2078

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Yes, that's right ease of use and convinence while carrying out transactions is one of the things needed for mass adoption to take place. This is because most blockchain projects are complex and might not be user friendly for the common man. Another point or factor is ensuring there is faster confirmation of transactions.

hdclover

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Quote from: rmilly on April 23, 2019, 12:51:59 PM

I was just discussing this with a friend the other day about how mass adoption of crypto will have be as easy as a venmo request and payment to someone. Right now tech is quite clunky and seeing peoples' keys can be intimidating to any new comer. What do you think will happen?

Do we have any projects in the works that help with this currently? I know Elixxir is in the works to make a messaging and payments app but they are still in alpha. I could see Lightning Network creating some sort of app

I think instant payment system will make crypto more centralised. Which is definately not the aim of crypto currencies. In my country there are many options to pay instantly online by justing using a mobile phone. But they all are somewhere connected to the banks and centralised systems. If another centralised system is used, why would people use the newer ones instead of old ones?

SaRmY

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Quote from: bolshojkush on June 08, 2019, 12:35:44 PM

Quote from: rmilly on April 23, 2019, 12:51:59 PM

I was just discussing this with a friend the other day about how mass adoption of crypto will have be as easy as a venmo request and payment to someone. Right now tech is quite clunky and seeing peoples' keys can be intimidating to any new comer. What do you think will happen?

Do we have any projects in the works that help with this currently? I know Elixxir is in the works to make a messaging and payments app but they are still in alpha. I could see Lightning Network creating some sort of app

I know one thing, before there was only Fiat money, and then there was a cashless payment and now it is impossible to imagine life without it. Cryptocurrency payments are the future, it just takes some time for the world to accept this fact.

Only they are still not reliable. The mere fact that when you pay you can not return the money makes this method of payment is not valid today. One mistake and your money on the air did not click there and the hackers opened the wallet. I still do not see this as a future.

bolshojkush

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Quote from: rmilly on April 23, 2019, 12:51:59 PM

I was just discussing this with a friend the other day about how mass adoption of crypto will have be as easy as a venmo request and payment to someone. Right now tech is quite clunky and seeing peoples' keys can be intimidating to any new comer. What do you think will happen?

Do we have any projects in the works that help with this currently? I know Elixxir is in the works to make a messaging and payments app but they are still in alpha. I could see Lightning Network creating some sort of app

I know one thing, before there was only Fiat money, and then there was a cashless payment and now it is impossible to imagine life without it. Cryptocurrency payments are the future, it just takes some time for the world to accept this fact.

JCviggen

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Quote from: digitalblock on June 08, 2019, 12:18:51 PM

Now there are many applications through which you can use your wallets through the phone. Yes, it is convenient, but for a narrow circle of people who are long in the industry and understand the payment systems. For the General popularization of the crypto currency, there is not enough much attention.

for the mass adoption of cryptocurrency, we need adoption of cryptocurrency as a payment instrument at the government level and permission to use it is necessary

digitalblock

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Now there are many applications through which you can use your wallets through the phone. Yes, it is convenient, but for a narrow circle of people who are long in the industry and understand the payment systems. For the General popularization of the crypto currency, there is not enough much attention.

CoinsOrDie

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Starting with your title, mass adoption will set in if there will be instant transactions. It won't make sense paying for a goods while waiting hours for the transaction to get confirmed. Although mass adoption is gradually taking place, but with improvement in blockchain networks as well as ease of use there will be massive adoption.

Anc92

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Mass adoption is definitely going to happen.
Indeed, one of the easiest ways to get people into the cryprosphere is with ease of operations.
With useful apps being developed by projects with focus (Such as the ECOMI project), the blockchain will be seamlessly introduced to the masses and it'll be adopted with less hurdles.

CryptoAlphaStar

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I love the title. And completely agree with it.
We won't see mass adoption, until crypto is easily and fully used in mobile.
Computers are for geeks. The masses have their noses in their smartphones, wasting their time all day long with stupid cats, games, pics, etc. Crypto should go there for mass adoption.

zulfi125

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As you know in coming days new technologies adoption is very fast and growing day by day, so you know whats up also introduced BTC and altcoins messing payment system .

voltesbit777

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Faster mobile transactions in only one of the requirments of mass adoption and scalability. But the issue that we.need to resolve first is the transaction time of most platforms. Even there's the presence of great mobile apps, but the transaction is very slow in the main platform, that is still a problem. Better to improve the platforms and blockchains to have a smooth processing.

Pagri

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It is true that this type of technology could be very useful, but it is not the main key to a massive adoption. Above all, people have not come too close to cryptocurrencies because of their ignorance of how they work, the advantages that could bring them in their daily life, and because in most communities there are not too many options to use them in our daily expenses.

Once we advance in overcoming these serious problems we could then begin to implement technologies to facilitate their use, but in the face of low demand I think that this type of solution can still wait.

hrunya102

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We still need to make it as safe as possible, and now you can use mobile wallets to make transactions.

yesyes18

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Actually, crypto mass adoption isn't only about millisecond transactions. It's about DApp usage and other platform usage. Have you asked yourself why volume of Bitcoin can reduce even at a higher price value, that's because at that moment, the buy/sell pressures weren't around. In the same way, should many people adopt cryptos, the initial days will be troublesome for us but with time that pressure will reduce and it wouldn't be much focused on millisecond price transactions. I mean, adoption isn't only about money transfers. Crypto is a world on its own and not just a financial venture.

Pffrt

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For instant transactions through mobile, you can use DeepOnion android app if you are talking about any coin. However, for btc, it's yet not possible as far as I know.

Labumi

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Quote from: Myraidcoins on May 03, 2019, 05:57:43 PM

I think safety is more important than convenience. If the changes that you want to appear to not affect the security of cryptocurrency, then these changes can be implemented.

I think you better take the safety and benefits that you can get, because there are a number of methods they prefer to be uncomfortable but can get a lot of profits and can stay safe, most of them prefer such methods to grow their assets.

Topic: Mass Adoption = Instant mobile transactions (Read 702 times)