Topic: Paying with crypto is more accessible than ever - page 2. (Read 833 times)

Mass adoption in general is increasing, every single industry has now players that are using blockchain and crypto currencies. But I believe that finance would be the one, that would finally bring crypto currencies into masses.

It is true there are more and more merchants starting to accept cryptocurrencies as payment methods which is great for the crypto adoption. I am sure people will soon realise that crypto has much more features than fiat.

On 22 May 2010, Laszlo Hanyecs made the first ever real world transaction with Bitcoin, buying two pizzas in Jacksonville, Florida for 10,000 BTC. Today, 10,000 BTC is worth $72,180,800 - now that’s some pricey pizza. Since then, the cryptocurrency community has grown in leaps and bounds and paying with crypto is more accessible than ever.

We’ll be taking a look at how many merchants accept cryptocurrency payments, including how to pay using Bitcoin, how to pay with Litecoin, how to pay with Ethereum, Dash and Bitcoin Cash. It’s time to get those Bitcoin payments rolling.

https://www.youtube.com/watch?v=j28hkTJMuTA

Top cryptocurrencies accepted by merchants worldwide

5. Dash (DASH)
Coming in at number 5, Dash makes it onto the list of the top cryptocurrencies accepted worldwide. Dash, originally known as Darkcoin and XCoin, is a privacy coin that keeps things totally private for its users. Evan Duffield, the creator of Dash, decided to found his own coin after seeing the shortfalls created by Bitcoin and Litecoin. Dash is a hard fork of Litecoin (LTC), and has faster transaction feeds and more privacy than LTC. You can pay with Dash at 124 verified companies. The actual number is probably a lot higher, but for the sake of this article we’ll just be looking at verified merchants.   

4. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a fork of Bitcoin. Bitcoin Cash was founded on 1 August 2017, as a response to rising Bitcoin network fees. Since its inception, Bitcoin had maintained a common set of rules for the coin, however certain community members were unhappy with how the blockchain was developing, and they decided to split, resulting in Bitcoin Cash. Bitcoin Cash is currently the 5th largest cryptocurrency by market cap, and is available to trade on most trading platforms, like eToro, and exchanges. You can pay with Bitcoin Cash at 199 verified merchants.

3. Litecoin (LTC)
Litecoin was launched in 2011, as a fork of Bitcoin. Charlie Lee, the creator of Litecoin (LTC), aimed to combat some of the shortcomings facing Bitcoin, including faster transaction speeds and block propagation (one block in 2.5 minutes instead of 10 minutes as on the Bitcoin blockchain), and a larger total supply (84 million LTC to 21 million  BTC). What to know how to pay with Litecoin? It’s easily available, with 205 verified merchants accepting LTC as a form of payment.

https://www.youtube.com/watch?v=bj-CVgnkFZM

2. Ethereum (ETH)
It probably comes as no surprise that Ethereum sits at the second position on this list. Ethereum is the second largest coin by market cap, sitting only behind Bitcoin. Founded in 2015, Ethereum brought smart contracts to the cryptocurrency space. Since then, Ethereum has gone on to become one of the most successful coins on the market. With the Ethereum 2.0 upgrade coming up sometime in 2020, Ethereum will be faster, more secure and more scalable, making it even more ideal for transactions. You can pay with ETH at 272 verified merchants.

1. Bitcoin
Obviously Bitcoin sits at number one on this list. Bitcoin is arguably the most mainstream of all of these coins, and sits with the largest market cap by far. Paying with crypto is more accessible than ever, by and large because of the existence of Bitcoin. Bitcoin was the first cryptocurrency, and remains the most popular one. Websites like Wikipedia, Microsoft, Overstock, and Shopify are amongst those companies and retailers that accept Bitcoin payments. Bitcoin is considered legal in the USA, Malta, Nigeria, Japan, and dozens of other countries around the world. As of now, you can pay with Bitcoin directly at 453 verified merchants. However, there are also crypto cards like BitPay, Bitcoin payments are super simple.

https://twitter.com/jack/status/1092914316729147392

Want to get your hands on some BTC? You can buy directly from eToro, or trade the cryptocurrency - and all the others on the list - and make some money by accurately predicting the market movements. That’s right, you can make money even if the cryptocurrency’s value is down. Get those Bitcoin payments rolling.

Accessibility
As mainstream acceptance of cryptocurrency grows, so will the number of merchants accepting crypto payments. Already, paying with crypto is more accessible than ever and that’s unlikely to stop any time soon. As we move forward, more and more countries will likely begin to see the promise of cryptocurrency and how the technology can help us transition into a digital world. This industry is on the up, more and more merchants accept cryptocurrency payments than ever before, and it’s pretty clear that the bitcoin payments and cryptocurrency payments market will continue to grow.

https://forums.nakamotonews.network/t/paying-with-crypto-is-more-accessible-than-ever/1913

It is obvious to me that 2020 will be the year of efficient crypto payments especially crypto banking, crypto remittance and similar services will boom, in short this year will be the year of the boom of Defi.

Yeah, bitcoin as the first pick as always.
I have never tried any crypto yet rather than any of what you have said in your list.

Although, I am using some of it just for a cheaper transaction but with gambling I would always prefer bitcoin as the method to deposit some funds.
I guess the problem also is the option.
Most merchants just input bitcoin as the accepted crypto currency.

453 merchants is old data. coinmap tells about 15857 businesses. And even that is almost nothing. The world is big. Very big.
When the list will contain all the chains like Auchan, Kaufland, Lidl, Carrefour, McDonald's, KFC (all around the world), booking.com, ... , when most payment processors will also accept Bitcoin.. then we can say Bitcoin is easy to spend. It will happen in the future, but let's not fool ourselves.

BitPay is not the best example for Bitcoin, lately it is oriented towards BCash and has bigger fees for Bitcoin (!).
However, the crypto cards are, in many people's opinion, not really Bitcoin spending. Hefty fees, KYC, the need to keep bitcoin in custodian wallet, the need to keep fiat on most of those cards make them not much loved.
It is pretty easy to use them indeed, but it involves more steps than "super simple".


So we are on the right track, but we should not be too happy too soon, there's still much to work to get to the point Bitcoin is easy to spend. We aim to get close to fiat/cards easiness after all, don't we?

It should be an old data but how much total merchants that accept crypto as payment has already changed. I rarely to see that people are using crypto like BCH or even litecoin to buy on the merchant. I have ever seen people use dash to buy the product from the merchants but it has already a long time ago.
I believe if there is a lot of differences on the how much merchants that is still accepting crypto as payment.

453 merchants is old data. coinmap tells about 15857 businesses. And even that is almost nothing. The world is big. Very big.
When the list will contain all the chains like Auchan, Kaufland, Lidl, Carrefour, McDonald's, KFC (all around the world), booking.com, ... , when most payment processors will also accept Bitcoin.. then we can say Bitcoin is easy to spend. It will happen in the future, but let's not fool ourselves.

BitPay is not the best example for Bitcoin, lately it is oriented towards BCash and has bigger fees for Bitcoin (!).
However, the crypto cards are, in many people's opinion, not really Bitcoin spending. Hefty fees, KYC, the need to keep bitcoin in custodian wallet, the need to keep fiat on most of those cards make them not much loved.
It is pretty easy to use them indeed, but it involves more steps than "super simple".


So we are on the right track, but we should not be too happy too soon, there's still much to work to get to the point Bitcoin is easy to spend. We aim to get close to fiat/cards easiness after all, don't we?

It should be an old data but how much total merchants that accept crypto as payment has already changed. I rarely to see that people are using crypto like BCH or even litecoin to buy on the merchant. I have ever seen people use dash to buy the product from the merchants but it has already a long time ago.
I believe if there is a lot of differences on the how much merchants that is still accepting crypto as payment.

Haven't experienced paying yet thru ETH unless its a personal transfer. In my merchants I only paid with Bitcoin as long as it supports the wallet application that im  using that is able to do bills payment. There is no known outlets yet that accept crypto in my area, it will be good if they will also plan to start this year.

Nobody's online mode of payment has been increased in high rate than Fiat currency direct usage. So I wish to tell everyone should accept the crypto payment and merchant should get also show some lateral profit on allowing crypto mode of payment. If such things happen paying with cryptocurrency is more accessible than anything.

I bet many people don't know all this, some still ask silly questions where merchants are accepting crypto as means of payment, thanks for this good information, in few more years every single souls in this world will use crypto

It seems fun to use crypto as a payment tool besides being safe and comfortable to use without worry.
but the sad thing for me is that in the country where I live I have not found a shop or anything that uses crypto as a payment transaction.