This beach resort is accepting Ethereum!!! - page 2.

Bezobraznike

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Quote from: masterrex on August 28, 2020, 06:18:53 AM

Thats good to hear that as we know Ethereum is an enterprise-grade crypto platform thats why it does not surprise me either, even in Singapore cryptocurrency was already use as a payment option not just Ethereum but many other cryptocurrencies too. it needs only a payment platform to do that conversion in dollars. but still, crypto payment is only a halfway mark to make it more comfortable and user-friendly option just like sending an email to a friend.

Good news! Adoption started long ago, and we will see a good deal of news about accepting Bitcoin and Ethereum in all sort
of businesses, from grocery stores, to beach resorts, and all others. Mass adoption is getting closer, I know we talk about it
here for years, and it's happening as we speak, with small steps.
I will wait few more years for Ethereum price to grow, than I will spend less Ethereums for entire beach resort experience.

masterrex

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Thats good to hear that as we know Ethereum is an enterprise-grade crypto platform thats why it does not surprise me either, even in Singapore cryptocurrency was already use as a payment option not just Ethereum but many other cryptocurrencies too. it needs only a payment platform to do that conversion in dollars. but still, crypto payment is only a halfway mark to make it more comfortable and user-friendly option just like sending an email to a friend.

Bossfidelity

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The use of cryptocurrency to pay for goods and services is something great which is coming to limelight, gradually. I remember bitcoin was once accepted for payments in several institutions and companies, but lately ethereum is joining in the cryptocurrency used as a means of settling payments.

Anish02

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Quote from: nutriagrigia on August 13, 2020, 12:01:55 PM

now if you want to pay for the entrance to the beach using ETH then you will pay more money for the commission if you want your money to come quickly. but if you put a small commission, they will get tired of waiting for the cryptocurrency to come to their wallet

It's the hard truth and we are digesting it because when we pay low fees the transaction takes huge time to take place and that's why you always gonna have to pay extra fees to quick transactions.

bgaf

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Seems the owner of that beach resort is a crypto enthusiast, good move we are slowly adopting cryptos. If I am the owner I would definitely accepting cryptocurrency as a payment maybe XRP, I prefer low transaction fee coin.

Yeah it seems like that way. It seems many establishment are fond of doing transaction now with cryptocurrency. I agree with you, xrp is a little transaction fee so its a good crypto for private services like this. If you used bitcoin as payment it will take time to received or worse within an hour, imagine the hassle when your payment doesnt arrive yet. Cant book any rooms for hotel? Something like that. Unless the owner using lightning network for payment maybe it could be more faster.

xOdiumNostrumx

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This is definitely a good thing, but even as a big ETH supporter, receiving payments in ETH would be quite a pain in the ass for now, for both, the seller and the tourist. Transaction speeds and costs are quite a sizable obstacle for broader adoption, but maybe those issues will vanish when the 2.0 is ready to roll out.

seramania

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wow this is good progress, and this is an convenience for world tourists who want to visit South Korea. It seems that the benefits of cryptocurrency are starting to show that hopefully in the future crypto coins can be used for real things

pikkie

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Quote from: lenovop-70 on August 28, 2020, 01:25:14 AM

This is really good news during covid19 pandemic nowaday, the cashless solution for new normal. Is this news accountable and responsible ? if so please blow it up for world to know it, surely people will prefer using blockchain for their cashless transactions rather than using fiat banks with a lot of fees and administrative matters.

of course this is a very good choice because paying using ethereum will make it easier for everyone when you want to make transactions you don't need to use banknotes and the spread rate will be smaller because there is no direct interaction with humans and no harmful saliva splashes.

lenovop-70

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This is really good news during covid19 pandemic nowaday, the cashless solution for new normal. Is this news accountable and responsible ? if so please blow it up for world to know it, surely people will prefer using blockchain for their cashless transactions rather than using fiat banks with a lot of fees and administrative matters.

NoG-NoG

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Quote from: cheezcarls on August 12, 2020, 08:38:04 AM

Holy smokes! Look at this guys!

Source: https://decrypt.co/?p=38262

Imagine if COVID-19 pandemic is no more and having travel plans to South Korea, we could visit this beach and pay Ethereum for entrance fee, etc. I just wish that this is not going to be the only beach resort to adopt Ethereum for payments.

Here in the Philippines, there are so many beaches and hidden paradise here. I just hope that one day these beaches around the world are going to adopt Ethereum and other cryptocurrencies.

If every country in this world will try something new such as accepting the good effects of cryptocurrencies as mode of payment and transaction it can maybe eliminate the possibilities of having or transmitting viruses and diseases due to it is more convenient and it lessen the interaction to all the people financially. I am looking forward to see the world change because of cryptos.

crwth

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Being the most famous beach in Busan says a lot about how the management is influenced by cryptocurrency. I hope that other beaches or other establishments get affected by Haeundae Beach and start accepting cryptocurrencies as well. It's not that easy to understand how to use cryptocurrencies, but it would be beneficial for everyone to use it, especially now. The benefits of it are more significant than the possible obstacles that can be overcome when studied correctly.

nonconformist

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Wow! I want to go there when the pandemic ends! This is something new you know. It only shows that people are starting to acknowledge the legitimacy of cryptocurrencies as a mode of payment or exchange. I'm from the Philippines too that's why I will definitely visit it! I hope more and more shops or establishments adopt cryptos as their mode of payment! Mabuhay kayo!! Keep it up!

Docbee

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Quote from: cheezcarls on August 12, 2020, 08:38:04 AM

Holy smokes! Look at this guys!

Source: https://decrypt.co/?p=38262

Imagine if COVID-19 pandemic is no more and having travel plans to South Korea, we could visit this beach and pay Ethereum for entrance fee, etc. I just wish that this is not going to be the only beach resort to adopt Ethereum for payments.

Here in the Philippines, there are so many beaches and hidden paradise here. I just hope that one day these beaches around the world are going to adopt Ethereum and other cryptocurrencies.

This is a welcome development. More adoption and usage of cryptocurrencies is what we desire. I'm so optimistic that more leisure centres and other institutions will do the same.

princecharles

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It's awesome to know that institutions are beginning to see the importance of cryptocurrency and are willing to accept it as a method of payment. I know several companies that accept bitcoin, but ethereum joining is a great accomplishment for the cryptocurrency industry. It simply means that before long we would have many more cryptocurrency accepted by companies across the world.

RokokGudangGaram

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This is great! Although I am wondering if this will prosper to other companies and across different industries since the government might possibly interfere, maybe due to taxation matters or any other reason. I am just rooting for the mass adoption soon since there has been changes with number of interested individuals to crypto world since the pandemic.

Psynthax

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Ethereum is money after all and already so many merchant accepting it and theres payment gateway that convert ETH to USD once the customer paid their invoice. If it means to advertise their resort and covering broader customer then adding Ethereum is a piece of cake however it's still a brave move for them to do that.

beerlover

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Quote from: mace15 on August 18, 2020, 09:34:54 AM

During these days people are encourage to use a cashless system. With this payment accepting ethereum is good that there’s another resort accepting crypto as payment. But you know here in our country were far from that since a lot of factors to consider this kind of payment. The government should adopt this crypto so others will accept this kind of payment system.

There could be multiple reasons for people start adopting crypto for their day to day life and being secured and being convenient must be few other reasons along with going for cashless system. Due to recent up-surge of ethereum, we can expect more number of businesses will start adopting cryptos. In my opinion this crypto space is moving inch by inch but in the right direction Cheesy

. I'm sure one day or another Amazon/wallmart will be accepting crypto and people will start living out of crypto for sure.

When we look into what we cannot do for crypto payment, fortunately I'm not finding any big list. Because there are many intermediate services are available these days for anyone to live out of only crypto payments. This way I'm seeing, the days of reaching mainstream adoption will not be too far.

mace15

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During these days people are encourage to use a cashless system. With this payment accepting ethereum is good that there’s another resort accepting crypto as payment. But you know here in our country were far from that since a lot of factors to consider this kind of payment. The government should adopt this crypto so others will accept this kind of payment system.

sfireman

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It is possible that in the future there will be many countries that allow merchants to accept crypto as a means of payment. Crypto is increasingly trusted by financial institutions and I think it will continue to grow until regulations are made

I think so too! But it will take much more time for cryptocurrencies to be worldwide recognized. A lot of private institutions accept big crypto such as BTC and ETH as a method of payment. However, nationally it hasn't been accepted yet. There are many difficulties for cryptocurrency to be worldwide recognized, one of those is that the low recognition rate and unpopularity.

LogitechMouse

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Quote from: cheezcarls on August 12, 2020, 08:38:04 AM

I just wish that this is not going to be the only beach resort to adopt Ethereum for payments.

For sure this is not the only one who will do like this in the future.
I expect that more and more establishments will accept not just Ethereum but other cryptocurrencies as payment modes in the future.

Quote from: cheezcarls on August 12, 2020, 08:38:04 AM

Here in the Philippines, there are so many beaches and hidden paradise here. I just hope that one day these beaches around the world are going to adopt Ethereum and other cryptocurrencies.

That would be good if they will do it.
Aside from Ethereum, maybe they can consider Bitcoin too since it is the most popular crypto.

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