In my opinion, mass adoption should have some indicators before it happens. If people agree to shop with the crypto then it will be easy to accept the crypto payments by others.
But the problem is when crypto can be considered as stock. We must have a crypto that will be used as payment. Some people are understanding if crypto looks similar with asset or stock. that will be a bit difficult to change that opinion. 
Topic: Mass Adoption = Instant mobile transactions - page 3. (Read 692 times)
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 actually understand your point of view.. Taking away all the technicality from the use of blockchain technology for perpetuating day to day activities will be a pivotal step in guaranteeing mass adoption but it's unfortunate that after 10 years the crypto space doesn't boast of any solution to this problem.. Aside from providing the simplicity of use by every Tom dick and Harry, I think establishing a reliable network of merchants ready to accept payment via cryptocurrencies is another factor most project have failed to consider.. The only solution I have seen so far to this is livenpay.. I hope they do well in the market.. 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 have always said the same thing, if we can manage to have a worldwide app that would literally help us get more adoption easily but right now even the mobile apps for banks that allows you to pay with your mobile phone is getting a tiny traction so expecting the shops to accept bitcoin mobile payments is a bit off. First we need the mobile payments as a whole (not just crypto but all fiat too) to get more famous and as soon as that gets more famous we need to squeeze in our mobile payment apps as well which will make it easier for us.
First one out of the door always gets bloody even though they get the biggest market share, either one company will spend insane amount of money to become the first one and make it big or we are going to wait until banks do it for us first.
First one out of the door always gets bloody even though they get the biggest market share, either one company will spend insane amount of money to become the first one and make it big or we are going to wait until banks do it for us first.
I think mass adoption is more than just being able to make quick and easy payments.
There are already many countries that have companies that include crypto in point of sales methods (applepay, etc.)
For example, in China, you can add btc to your alipay or wechat account and pay with your phone.
Since basically every vendor in china has the point of sells, you can basically pay for anything using crypto.
Of course, it's still not practical since btc is so volatile.
But I think mainstream adoption is more about when companies use blockchain fully for the benefit of all.
Blockchain tech cuts out the need for middlemen entirely.
Any business can be more effectively run with it.
when this becomes standard and us, as a consumer can see full transparency, ease, and cost in price, that would be mainstream.
There are already many countries that have companies that include crypto in point of sales methods (applepay, etc.)
For example, in China, you can add btc to your alipay or wechat account and pay with your phone.
Since basically every vendor in china has the point of sells, you can basically pay for anything using crypto.
Of course, it's still not practical since btc is so volatile.
But I think mainstream adoption is more about when companies use blockchain fully for the benefit of all.
Blockchain tech cuts out the need for middlemen entirely.
Any business can be more effectively run with it.
when this becomes standard and us, as a consumer can see full transparency, ease, and cost in price, that would be mainstream.
That is a great add and I can't help but agree with you. I agree that it will take these larger companies the implementation of blockchain on mass adoption because if it's already a part of the system people will have to opt in.
I think mass adoption is more than just being able to make quick and easy payments.
There are already many countries that have companies that include crypto in point of sales methods (applepay, etc.)
For example, in China, you can add btc to your alipay or wechat account and pay with your phone.
Since basically every vendor in china has the point of sells, you can basically pay for anything using crypto.
Of course, it's still not practical since btc is so volatile.
But I think mainstream adoption is more about when companies use blockchain fully for the benefit of all.
Blockchain tech cuts out the need for middlemen entirely.
Any business can be more effectively run with it.
when this becomes standard and us, as a consumer can see full transparency, ease, and cost in price, that would be mainstream.
There are already many countries that have companies that include crypto in point of sales methods (applepay, etc.)
For example, in China, you can add btc to your alipay or wechat account and pay with your phone.
Since basically every vendor in china has the point of sells, you can basically pay for anything using crypto.
Of course, it's still not practical since btc is so volatile.
But I think mainstream adoption is more about when companies use blockchain fully for the benefit of all.
Blockchain tech cuts out the need for middlemen entirely.
Any business can be more effectively run with it.
when this becomes standard and us, as a consumer can see full transparency, ease, and cost in price, that would be mainstream.
In my opinion, mass adoption should have some indicators before it happens. If people agree to shop with the crypto then it will be easy to accept the crypto payments by others.
The massive adoption of cryptocurrency has a big impact on its development. In our country, cryptocurrency is being used as a mode of payment but most people here still choose to use fiat over it. There are more convenient ways through mobile phone apps to transact but they still choose fiat as a national currency.
I think people choose to use fiat over crypto in most instances because of volatility. I can see why people might worry with large amounts of money but if we are paying each other in smaller amounts through a mobile app this might be more widely acceptable to transact with crypto
The massive adoption of cryptocurrency has a big impact on its development. In our country, cryptocurrency is being used as a mode of payment but most people here still choose to use fiat over it. There are more convenient ways through mobile phone apps to transact but they still choose fiat as a national currency.
Many projects are working on fast and easy payment solutions.
It has to be user friendly to be excepted by ordinary people.
When big merchants start accepting crypto there is good chance for fast mass adoption of it.
It has to be user friendly to be excepted by ordinary people.
When big merchants start accepting crypto there is good chance for fast mass adoption of it.
I agree with you. I also think that there needs to be the element of ease and that would be an extension of having an app excursively on mobile devices. Similar to how wechat and venmo work which is exactly what Elixxir seems to be doing but put the two things people use the most. Payments and messaging.
Many projects are working on fast and easy payment solutions.
It has to be user friendly to be excepted by ordinary people.
When big merchants start accepting crypto there is good chance for fast mass adoption of it.
It has to be user friendly to be excepted by ordinary people.
When big merchants start accepting crypto there is good chance for fast mass adoption of it.
Users of smart phones are increasing every day globally and any project that can easily be accessed through mobile phones will go a long way in increasing the mass adoption of blockchain technology and cryptocurrency which will all crave for.
I think we are still waiting for the project that is going to have the most simple UX and ease of use. If Elixxir can pull off an entire app that can offer that to the masses then I think it has great potential
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
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
Lightning Network looks promising but then, these technologies have to be made easier to help propagate fast adoption of crypto. Therefore I think the relevant crypto bodies and developers should focus more on mass education rather than launching coins daily
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?
I believe that mass adoption in crypto will soon be an obligation and not just a choice, unless you don't want to be relevant in this time, a big crisis is coming to the economic world which is going to cause a lot of downfall in the economy of many countries of the world unless they can adopt crypto so quick, this crisis I am talking about will happen so quick, my biggest guess is that it would happen in 5 years from now, so let's get prepared for it.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
There are many projects are working on instant payment options but that alone will not attract mass adoptions. Particularly it may take more time so that people slowly will understand and then stat using an all new payment system. Still, I agree mobile based instant transaction will encourage people to go for using cryptos for their daily needs.
I know Elixxir is slow to launch because they have been behind closed doors building a pretty promising product. I think with David Chaum's experience with Digicash and then analyzing what more needs to be done it will be what he envisioned back in the 80s but better
Mobile user's around the world are huge and if developers only create software based on any other than mobile it won't spread as wished, mobile wallets will make transactions easier and faster, it's one of the reasons I don't join projects with no mobile wallets or even try to promote them
I think you have the kind of thinking going through me.
However, the society has a role to play and it is already doing so because if the society don't adopt high level technologies that is already leading to digital society, cryptocurrency adoption is going no ware because it will all be strange.
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
These are the kind of projects that I expect to create mass adoption, projects that come with working products that will be of high demand, so I really see massive adoption of cryptocurrency when they eventually release the real version of whatever application they are developing.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
We have millions of mobile users around the world, if the application can be tailored to cut across the entire world, then I believe there will be a mass adoption but if it is only limited to a particular region or country, there will also be adoption but it will be too low to have any effect that much as standalone in the marketcap of cryptocurrency.
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
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
Most things these new generation coins can offer are obtainable in cryptocurrency. Even with Coinbase as a third party payment platform, I pay for seo services online using bitcoin and ethereum. Although this can be improved on but I want the indiscriminate fraud in cryptocurrency to be reduced to barest minimum first before we talk about full adoption
I think the mass adoption can be made only if people will afford to buy crypto and hold, and shops with crypto, but indeed maybe lightning network can help because of speed of the transfer, and yes a smartphone will help because of portability.
I think were almost there in that scenario. BTC is near on that level, as SEC seems to accept btc as long as appropriate terms has been in placed. Bakkht has been delayed once again but the assurance of it is positive. Also, samsung news entering scene could be a gateway of mass adoption as samsung mobile is very well noted all over the world and having crypto as sidekicks of these phones. Mass adoption isnt impossible, also some projects are on the works with it like status network and many more. We just need to be patience about being on that level.
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
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
We know that studies are being carried out in this area. But I'm not sure if it can complete a large-scale transaction capacity.
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