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Topic: StableCoins might increase crypto adoption by big companies ? - page 5. (Read 660 times)

member
Activity: 162
Merit: 10
Yes this have big impact in crypto like many will really adopt this by stable coins because many users,traders and investors want assurance like the price is not that volatile so some big companies will use this by that not like btc,alts and tokens that have volatile price so if you have this then you need to take the risk already still many want to invest so this is useful too like all cryptocurrency in crypto have different
and it will be difficult for them if they will transfer it directly to fiat -bank account the better way is to really use the stable coin as alternative.
hero member
Activity: 2744
Merit: 761
Burpaaa
Due to too much volatility of bitcoin, they can't accept yet the possibility loss or gain they can get thru this payment method, stablecoins can solve their problem if ever they will accept again since the value will no big difference in movement of price unlike in btc. However there are wallet apps that support electronic payment too that are applicable to buy games in different game outlets like steam, garena and etc , though you'll need to convert your crypto or btc into your currency first then pay in that wallet app to your steam wallet. I think that is much better since all transaction will be done in one wallet.
sr. member
Activity: 938
Merit: 256
You all might be knowing that Steam used to accept payments in bitcoin through BitPay, but they abruptly stopped it stating the price volatility of bitcoin to be the issue.
Stablecoins eliminates this very issue, could this encourage Steam or other companies like Amazon,etc. to start incorporating cryptocurrencies into their payment systems.
Is it possible some stablecoin might outperform bitcoin regarding this?

I've bought a game currencies using bitcoins, but the transaction fee is out of my mind.
It takes like 5$ while i just buying 10$ worth in game currency. So i think crypto is not ready yet for game payment.
I'm not sure why it takes so much fees but it's not worth it to buy
member
Activity: 434
Merit: 10
www.thegeomadao.com
I do not think any stablecoin would replace bitcoin anyway. Bitcoin has made its impact in the entire crypto space so much that people and any other business outlets are eager to use bitcoin even just for their publicity, apart from its usage like a method of payment. Some business hubs are allowing payments in bitcoin just for their publicity as people are taking interest in bitcoin.  
sr. member
Activity: 644
Merit: 255
CryptoTalk.Org - Get Paid for every Post!
Stablecoins? But bitcoin belongs on the much stable coins in the market, right? I mean, it is more stable than the newer alts because it already established a good foundation throughout the years. If Steam refused to support bitcoin, then who is more deserving to be chosen? Honestly, I can't think of another coin right now.
legendary
Activity: 3080
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
What're the differences between using online service payment like paypal or another kind of service?I see no differences, you must know that people are wanna seeing native crypto like bitcoin to be accepted by an online store company to increase the adoption of bitcoin.
If they are using stable coin doesn't mean a lot for crypto. They will buy stable coin instead of bitcoin.

The volatility is not the main reason because when you are using the lightning network and that's enough to complete the exchange from bitcoin to the fiat balance in a short time.

To accept the stable coin will not increase the adoption for crypto.
It's about how to make bitcoin to be bought by more and more new adopters.
legendary
Activity: 2100
Merit: 1018
Sugars.zone | DatingFi - Earn for Posting
of course it can happen steam and amazon can support payments using cryptocurrency, like nordvpn which already supports many payments such as eth, ltc ripple and also btc, unfortunately i don't see stablecoin there,
and Stablecoin may not be able to defeat bitcoin, people trust bitcoin more than stablecoin, but that is just an alternative, so in my opinion it is not beating bitcoin but completing it.
hero member
Activity: 2786
Merit: 578
You all might be knowing that Steam used to accept payments in bitcoin through BitPay, but they abruptly stopped it stating the price volatility of bitcoin to be the issue.
This is one of the saddest moments for those gamers that also knew about bitcoin. This didn't stayed for a long time but if it was able to stay, most of steam users now can finally purchase almost every game with bitcoin or at least they know about the existence of bitcoin.

Stablecoins eliminates this very issue, could this encourage Steam or other companies like Amazon,etc. to start incorporating cryptocurrencies into their payment systems.
Is it possible some stablecoin might outperform bitcoin regarding this?
I don't think so.

If they will consider using stablecoins then why they just don't use the usual payment methods like PayPal?
hero member
Activity: 1162
Merit: 547
CryptoTalk.Org - Get Paid for every Post!
You all might be knowing that Steam used to accept payments in bitcoin through BitPay, but they abruptly stopped it stating the price volatility of bitcoin to be the issue.
Stablecoins eliminates this very issue, could this encourage Steam or other companies like Amazon,etc. to start incorporating cryptocurrencies into their payment systems.
Is it possible some stablecoin might outperform bitcoin regarding this?
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