Topic: Too much crypto payment projects but little people accepting crypto payments - page 2. (Read 501 times)
April 28, 2019, 06:58:07 PM
I see that many crypto currency payment projects are not matched by recipients of crypto currency payments. I just want to suggest that the number of crypto currency payment industries and the number of crypto currency coins that emerge should be followed by the large number of people transacting with crypto currencies. We as crypto currency lovers must spread the ease of transactions with crypto currencies to more people so that the crypto currency market is increasingly crowded and the number of crypto currency payment projects is not in vain.
April 28, 2019, 06:54:40 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
April 28, 2019, 06:38:22 PM
It is not an issue that there are a lot of payment projects as competition is healthy. It could be confusing but the market will decide and the best solutions will win.
April 28, 2019, 04:29:46 PM
crypto currencies are like waves in the ocean for now, this is the main problem. tonight you buy 1 btc for 5k but in the morning you may see a suprice that it is just 3k. before people use these, they must be much more stable and trustable.
April 28, 2019, 11:18:53 AM
There are indeed lots of these kinds of projects and almost all are struggling at the moment. I just think they tend to ignore the most important thing: the product marketing , the product ease of use and incentives
No matter the product marketing they are doing, they are simply just too much and will find it difficult to really function properly in the face of competitions, in a football competition, everyone will not always win so as this crypto market too. The existence of competitors, doing same common projects is making some of these payment projects not effective.There are few vendors in the market that will make use of all of them, they can only choose few based on their personal interest and the ones they will always go for are the payment projects that are already ahead of others, they will always go for the ones that are more recognized and used.
April 28, 2019, 12:11:54 AM
The challenge on illegal funds for funding crypto projects, services and payments has made most projects to requests for KYC. Most projects that promise to provide debit cards and those who eventually provided are still struggling with acceptance and payment fees as it's obvious there is more to products development than just white paper
April 27, 2019, 10:37:39 AM
You just made a very interesting observation which i myself find very odd because in reality maybe 1 out of 100 of this projects can actually provide that service i.e if their is any, many project since 2017 have portray their self's as the project that could make cryptocurrency to be easily accessible and more spendable, but some how they are unable to fulfill that promise because getting a license from card provider to operate is not as easy as they make it sound, thus, this projects ended up disappointing investors.
April 27, 2019, 10:29:50 AM
in my opinion for the project problem like that there are several projects whose crypton payment cards can only be used but are still limited, not like emoney, which is wider in scope but in the future crypto payment cards may be able to be wider and more useful.
April 27, 2019, 10:08:23 AM
cryptocurrency really has one big minus in terms of payments for goods. this is volatility. T, e in the case of return of the goods at what price to return the cryptocurrency. Both the buyer and the seller can play on this.
April 27, 2019, 10:01:38 AM
Well, they are more focused on investment, because they continue to make development and road maps. So that investors know how they are going forward, is it worth investing?
Basically, we know that every investment had risks, so does setting up a project. Setting up and making a project is one hundred more risky than investing. 
April 27, 2019, 09:59:10 AM
Well, they are more focused on investment, because they continue to make development and road maps. So that investors know how they are going forward, is it worth investing?
I very much hope that in the near future we will really observe the development of all those companies that conducted Eco companies and that their coins will actually not only be involved, but also have corresponding value. It is not for nothing that analysts speak negatively about most cryptocurrencies in the cryptocurrency market, since they are practically garbage. April 27, 2019, 09:04:37 AM
Well, they are more focused on investment, because they continue to make development and road maps. So that investors know how they are going forward, is it worth investing?
April 27, 2019, 08:31:57 AM
Well, not all crypto projects for payments have the trusted team and concepts by the companies that relate to the payment and transaction. First is about the uncertainty and volatility of the crypto that cannot be ignored. Of course, it will make some commerce companies fear to accept and use the crypto for payment method. It also relates to the security and trust of the users.
Although there are actually some good coins that really feature and match to the payment and transactions, they probably need other moments to be more accepted by many more people.
Although there are actually some good coins that really feature and match to the payment and transactions, they probably need other moments to be more accepted by many more people.
April 27, 2019, 08:17:07 AM
I believe one of the major setbacks of the present crypto space is a lot of new projects are focused on providing the fastest easiest crypto coin to be used for payment purposes and transactions however considerably lower effort is placed on the vendors who are actually going to be accepting payment in form of cryptocurrencies because what is the use of having a crypto payment card full of money that you cannot spend.
Whitmore payment gateways a inform of PayPal and the likes accepting crypto payments from multiple coins without necessarily issuing their own coin then there will be better adoption of cryptocurrencies by both business owners and customers.
Whitmore payment gateways a inform of PayPal and the likes accepting crypto payments from multiple coins without necessarily issuing their own coin then there will be better adoption of cryptocurrencies by both business owners and customers.
Yeah, because peoples still afraid to using cryptocurrency. For example there are still peoples that thinks bitcoin is a ponzi scheme.
There are many of them bought bitcoin and altcoins in 2017, and having a great loss since then.
Need more good news in cryptocurrency world to get more peoples join and using crypto as our global currency.
April 27, 2019, 06:37:30 AM
Hopefully soon bakkt will launch, it will solve the problem of bitcoin and definitely help both bitcoin and the merchant, and more and more services will accept bitcoin as a payment method because they will receive fiat at the end,
April 27, 2019, 06:04:20 AM
I believe one of the major setbacks of the present crypto space is a lot of new projects are focused on providing the fastest easiest crypto coin to be used for payment purposes and transactions however considerably lower effort is placed on the vendors who are actually going to be accepting payment in form of cryptocurrencies because what is the use of having a crypto payment card full of money that you cannot spend.
Whitmore payment gateways a inform of PayPal and the likes accepting crypto payments from multiple coins without necessarily issuing their own coin then there will be better adoption of cryptocurrencies by both business owners and customers.
Whitmore payment gateways a inform of PayPal and the likes accepting crypto payments from multiple coins without necessarily issuing their own coin then there will be better adoption of cryptocurrencies by both business owners and customers.
This issue depends in our individual analysis,. we see that there are hundreds of exchangers nowadays, but they also have limitations, most and few people are not satisfied in it, maybe this is the reason why some developers tried to make an ICO for exchanger project, which is a good thing, a hundreds competitors still the best, as long as they dedicated to their project
I am agree. Crypto investor have choice to select their own exchangers. Cryptocurrency can not used as payment because government regulation and i think its different perspective. In several country, like Japan, merchant accept bitcoin or others crypto.
April 27, 2019, 05:35:55 AM
I believe one of the major setbacks of the present crypto space is a lot of new projects are focused on providing the fastest easiest crypto coin to be used for payment purposes and transactions however considerably lower effort is placed on the vendors who are actually going to be accepting payment in form of cryptocurrencies because what is the use of having a crypto payment card full of money that you cannot spend.
Whitmore payment gateways a inform of PayPal and the likes accepting crypto payments from multiple coins without necessarily issuing their own coin then there will be better adoption of cryptocurrencies by both business owners and customers.
Whitmore payment gateways a inform of PayPal and the likes accepting crypto payments from multiple coins without necessarily issuing their own coin then there will be better adoption of cryptocurrencies by both business owners and customers.
This issue depends in our individual analysis,. we see that there are hundreds of exchangers nowadays, but they also have limitations, most and few people are not satisfied in it, maybe this is the reason why some developers tried to make an ICO for exchanger project, which is a good thing, a hundreds competitors still the best, as long as they dedicated to their project
April 27, 2019, 02:49:42 AM
I believe one of the major setbacks of the present crypto space is a lot of new projects are focused on providing the fastest easiest crypto coin to be used for payment purposes and transactions however considerably lower effort is placed on the vendors who are actually going to be accepting payment in form of cryptocurrencies because what is the use of having a crypto payment card full of money that you cannot spend.
Whitmore payment gateways a inform of PayPal and the likes accepting crypto payments from multiple coins without necessarily issuing their own coin then there will be better adoption of cryptocurrencies by both business owners and customers.
Whitmore payment gateways a inform of PayPal and the likes accepting crypto payments from multiple coins without necessarily issuing their own coin then there will be better adoption of cryptocurrencies by both business owners and customers.
I understand somehow your sentiment about the proliferation of different payments but only few has adapted in it, well for me, its not an overnight success, it would depend on the team and developers on how they work on their project, if they give up then it should not be fine, as we are all aware that there are thousands of supporters and investors.
April 27, 2019, 01:10:50 AM
I think it is because some people actually don't know what is cryptocurrency, and even though they know they will mostly heard the bad things about crypto. However, that kind of thing happens to almost every innovation and invention. People always hard to accept and event fear something new that they do not know about yet. Other factors might be the government regulation, some of the government still have grey regulation regarding cryptocurrency.
For merchant, they will accept bitcoin as payment as long government regulation allow it. But many country ban bitcoin or crypto for payment and their reason is crypto used for criminal activity like money laundering. I think need more explanation about crypto to peoples who dont know about cryptocurrency
April 27, 2019, 12:53:44 AM
I think it is because some people actually don't know what is cryptocurrency, and even though they know they will mostly heard the bad things about crypto. However, that kind of thing happens to almost every innovation and invention. People always hard to accept and event fear something new that they do not know about yet. Other factors might be the government regulation, some of the government still have grey regulation regarding cryptocurrency.
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