Topic: Too much crypto payment projects but little people accepting crypto payments (Read 501 times)
May 28, 2019, 03:25:26 PM
Why there's still this large disparity between cryptocurrency projects and its user base is due largely to the difficulty index in using cryptocurrency. That merchant who only understands paper money will not agree to accept what he doesn't understand this leads us to lack of knowledge of the underpinnings of cryptocurrency. For mass adoption, there are still great heights to attain.
May 28, 2019, 03:19:46 PM
In fact, the cryptosphere only began to develop. I think everything is still ahead, especially in Bitcoin.
May 28, 2019, 02:58:43 PM
This is indeed the truth. There's been too many projects focused on being alternative means of payment and to be honest, it kinda stalled mass adoption as an industry with such a rat race would not be taken serious by major players.
Fortunately, newer projects have turned their focus into developing practical uses that will influence the life of an ordinary individual and with more and more projects taking the initiative, mass adoption of cryptocurrencies will be closer than we can imagine.
Fortunately, newer projects have turned their focus into developing practical uses that will influence the life of an ordinary individual and with more and more projects taking the initiative, mass adoption of cryptocurrencies will be closer than we can imagine.
May 02, 2019, 04:38:24 AM
Quite hilarious, it then means that the aim of the crypto project has not been completely achieved, crypto is supposed to solve the payment problem with ease of transaction, speed and less transaction fee, until then. However the acceptance will be gradual but certainly not all but only few will win it.
May 02, 2019, 04:13:01 AM
It even appears that there will soon be more cryptos that platforms that accept these payment systems, but the interesting thing is that the choice is left for the platforms to choose any payment processor to so wish to. Bitcoin and Ethereum have actually gained most popularity and wider acceptance in crypto payments. Any other project that wants to beat their record should have to work very hard and prove beyond every reasonable doubt why they should be allowed to stay
May 02, 2019, 03:56:29 AM
such a tendency, specially conceived beforehand, or comes in the course of work. First, the team positions its token as the only option to pay for services, and after collecting it, fastens an alternative, and the demand for the token drops.
that would be reasonable, when for a new project, their market had not yet been formed. when registered will make the demand continue to decrease, until later reaching the lowest limit, and there will be improvements if the project really runs and develops. the real journey of the project is starting from after the decline that happened, where we can really see growth. May 02, 2019, 03:47:24 AM
The crypto currency is indeed out of balance. Many crypto currency projects are running but very few have made payments. This is not balanced and makes crypto currencies lose the trust of investors. Indeed there are many development teams that create crypto currencies but don't really think about their functions and benefits. Many coins that appear to be trash on the market because the benefits cannot be felt. This is what is dropping the crypto currency faster. If indeed the coin wants to stay in the market, it must be considered the real benefits. In addition, bounty campaign hunters can be paid with other more potential coins to avoid the price of coins falling due to large-scale sales.
such a tendency, specially conceived beforehand, or comes in the course of work. First, the team positions its token as the only option to pay for services, and after collecting it, fastens an alternative, and the demand for the token drops. 
April 30, 2019, 06:53:38 PM
The crypto currency is indeed out of balance. Many crypto currency projects are running but very few have made payments. This is not balanced and makes crypto currencies lose the trust of investors. Indeed there are many development teams that create crypto currencies but don't really think about their functions and benefits. Many coins that appear to be trash on the market because the benefits cannot be felt. This is what is dropping the crypto currency faster. If indeed the coin wants to stay in the market, it must be considered the real benefits. In addition, bounty campaign hunters can be paid with other more potential coins to avoid the price of coins falling due to large-scale sales.
April 30, 2019, 06:43:20 PM
It is true that there are a way too many projects focusing on easy and fast payments but competition is a good thing and market will decide. When large mega companies start using crypto the mass adoption will speed up. Crypto is still a young technology, it needs time.
April 30, 2019, 04:33:37 PM
I believe that the biggest problem is that cryptocurrency is not as accessible to ordinary people as we would like. For example, a simple resident can not just take it and use it. Therefore, cryptocurrency is not very trusted.
April 30, 2019, 04:27:53 PM
That's the major problem in the current condition. Many people have idea, no doubt! But only few of them are working on their ideas, and only a little are doing marketing to attract common people to use crypto for daily life (only little of them are working on adoption). So, it's kinda useless.
April 30, 2019, 04:18:44 PM
Not using widely is the main reason. Today's coins are like test version and when the right time comes better ones will come to the fore. As in XLM, MIOTA, BAT and others. I can even say that some of them are well on this regard.
April 30, 2019, 03:51:31 PM
in fact such a concept is indeed less interesting and potential because even though in the end crypto will be used as a payment but it will still not be realized in the near future, people are still not interested in crypto because of its payment function, people are more interested in crypto investing and trading, so I think such a concept is still not suitable to implement now so it is not surprising that many such projects fail
many projects that circulate do not mean that outsiders will be amazed and then start accepting crypto payments, it's not that easy. outsiders will accept crypto payments when they see high demand, a very large number of bitcoin users, not from a large number of projects..If this type of company comes up with crypto payment for their products, they don’t even need to enforce it on their customers for 50% of them to accept it and use it. So I believe that we will still get to that stage where people will focus more on crypto payment system to that of trading.
April 29, 2019, 01:02:06 AM
Indeed maybe there is too much projects and people don't know what to choose, but PayPal is against of buying crypto with, and if PayPal will somehow fix the refunds problem and will let people buy crypto with then more people will buy crypto.
There is a big possibility that soon PayPal will be introducing a platform that can bridge cryptocurrency and its established payment facility. As of now, maybe the people behind PayPal has not determined the market for this that is why they are dilly-dallying the decision. Indeed, there is a big divided between the multitude of payment projects and the people who are using them for good. I am not sure why this is the case...is it lack of marketing or maybe the market is not yet that well-developed for now and is waiting for more time to mature? We need to reverse this trend to make the future of this industry more secure, sustainable and far-reaching.
April 29, 2019, 12:56:02 AM
no yet but will become new user to adopting crypto and get payment crypto only.
crypto have future, dont be late to colect now when become popular and replace fiat around the world
crypto have future, dont be late to colect now when become popular and replace fiat around the world
yes, crypto have a bright future, but to replace fiat,, thats sounds hard mate
because of the regulations on each country is deifferent,,
maybe in the future there will be a solutions for that
April 28, 2019, 09:06:44 PM
I think some of the projects that have surfaced and created a focus on profit-making, no more actual application. Most of the time they appear then disappear without a trace, and no updates can be found. I have seen promising projects, and one of them is cryptobuyer. I'm not affiliated with them or anything, and I know that they have been running since 2015 even without the cryptocurrency boom and you are sure that it's going to be implemented with the people. I have seen that they are the ones performing the crypto payments all around the hyperinflated areas, and merging with the true partnerships to improve their standing. They are the ones that are looking promising, especially in the future, actual applications are the real deal.
April 28, 2019, 08:57:47 PM
in fact such a concept is indeed less interesting and potential because even though in the end crypto will be used as a payment but it will still not be realized in the near future, people are still not interested in crypto because of its payment function, people are more interested in crypto investing and trading, so I think such a concept is still not suitable to implement now so it is not surprising that many such projects fail
many projects that circulate do not mean that outsiders will be amazed and then start accepting crypto payments, it's not that easy. outsiders will accept crypto payments when they see high demand, a very large number of bitcoin users, not from a large number of projects.. April 28, 2019, 08:34:43 PM
In this time there are more payment project bounties. But still i think this is still a time for competitors because we all know that crypto payments are just going popular in this days. Many people are struggling to make a long stand product. And the one that is creative and has an improvement can survive in crypto business.
April 28, 2019, 07:43:14 PM
That's why newer projects aren't wallets anymore, theres no way two thousands assets would get adopted around communities, rather they are supplying the blockchain solutions through public or private chain, anyway as long there's no adoption nothing will grow, or simply a few will succeed
April 28, 2019, 06:59:51 PM
this is one of the issue that we need to address. there are alot of projects that are trying to offer almost the same thing but alos i feel its a competiton and will be survival of the fittest. adoption is what is more improtant.
Jump to: