Topic: Too much crypto payment projects but little people accepting crypto payments - page 3. (Read 501 times)
April 26, 2019, 11:20:19 PM
It's so true actually, too much crypto payments projects but in reality people don't even know that project and most of them are not accepted in public. I think it takes time imo, it's hard to courage people to accept crypto payments in their life and also so many people still don't know what crypto is.
April 26, 2019, 11:03:42 PM
Yes. If electronic money is used by many people to pay, then alt prices will rise very fast. I hope one day there are many areas of using electronic money to pay
April 26, 2019, 11:01:05 PM
need many step before we hit there
especially when crypto need to regulations to avoid ilegal or evil activity on crypto. And need to sphread to peoples about crypto
especially when crypto need to regulations to avoid ilegal or evil activity on crypto. And need to sphread to peoples about crypto
April 26, 2019, 10:42:47 PM
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
April 26, 2019, 11:19:21 AM
The initial and most noticeable of crypto is payment. Launching a project based on payment usage of crypto is also the easiest. However, like the OP stated, very few payment project turned to reality. A majority of those projects were created to scam people or so. Very very few projects were and are being seriously developed.
The same problem goes with platform projects. Many coins were created to be platforms for other coins. But along with the fall of ICO trend, many platform coins were put into trash bin. Projects with running product is as rare as gold in the sand now.
Since most of those projects offer the same services, can they just out their own coin idea aside, jettison it and work with those coins that are already established to serve this purpose, if they don’t do that now, we will have too many coins to choose from serving the same project. The same problem goes with platform projects. Many coins were created to be platforms for other coins. But along with the fall of ICO trend, many platform coins were put into trash bin. Projects with running product is as rare as gold in the sand now.
If every project established is always to serve as a payment gateway, they what product do they want to use such payment for? We already have some that has already been fully established, is that not the sole reason why Bitcoin was created? Sometimes I just see other payment idea as a way of really duping people professionally since they know that it will eventually not work out in the future.
April 25, 2019, 10:01:17 PM
You are right lots of startups are too focused on producing the fastest theoretical transaction speeds and designing fancy looking apps and not on real world use cases and these projects will likely be superseded so make sure you avoid investments of this type if they don't have a decent strategy to achieve broader adoption
April 25, 2019, 06:48:20 PM
What is keeping cryptocurrencies from mass adoption? No regulation, so some people think that cryptocurrencies are used mainly for illegal activities.
Yes.It's really hard to realize mass adoption even in the future knowing that there are no strict regulations behind it.The government itself would still be the answer for this.If only they can backed up cryptocurrency then it will be more easy for the people to believe in crypto and use it in different transactions.Legalization from the government and its adoption would really give clarity to all the issues. April 25, 2019, 05:52:32 PM
You're right.
Eventually cryptocurrency like most other technology will need world government bodies to introduce regulations and legal guidelines to aid adoption.
For cryptocurrency to have mass adoption, it does not need to be given any form of regulation by the government, because that might amount to decentralization. Instead, the projects that are Bering lunched, most especially the serious ones, should come up with useful products.Eventually cryptocurrency like most other technology will need world government bodies to introduce regulations and legal guidelines to aid adoption.
These are what investors will see and draw their attention, not only to the coin, but to the product.
April 25, 2019, 01:32:44 PM
The same can be said about cryptoexchanges. Crypto has its own special way of development. A sufficient need for cryptocurrencies has not yet been formed, but an extensive infrastructure is already being created that is not saturated. Maybe now we need to act not in the expansion, but in the development of what is for adoption.
April 25, 2019, 01:27:46 PM
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.
You are very well learned, developers forget that for adoption to be observed by the masses they need to carry the merchants along. Developing wallets and cryptocurrency without incentives to the vendors will omly lead to slow adoption of cryptocurrencies. 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.
April 25, 2019, 01:23:00 PM
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.
You are right there are so many of them, but they are positioning themselves when the market grows for cryptocurrency payment, cryptocurrency payment will be adopted in the future, it is guaranteed to be, and it always pays for a project to be in the market, when that time comes.
Leaving blockchain payment aside, before the invention of blockchain technology, do we not have other payment processors that have succeeded in managing the entire world which they are few. I.E paypal and co and the system have not collapsed, despite the fact they are few. So in blockchain too, we just need few and solid ones to position themselves for now and for the future.
April 25, 2019, 01:18:45 PM
What is keeping cryptocurrencies from mass adoption? No regulation, so some people think that cryptocurrencies are used mainly for illegal activities.
April 25, 2019, 12:56:49 PM
Regulation is the main key for the countries and merchants to start accept cryptocurrency.
Once that regulation is done then everything will work fine.
Funds and taxes is the big issue on acceptance, we should wait more for this.
Once that regulation is done then everything will work fine.
Funds and taxes is the big issue on acceptance, we should wait more for this.
April 25, 2019, 12:41:37 PM
All I just see are duplication of system, job and responsibilities. The bureaucracy in this industry is getting too much and quite annoying to me. We already have a system that has been design and has never disappointed which is bitcoin, and even If in agree that it is good to break monopoly, Ethereum has already done that, so why still come up with solution to a problem that has already been solved.
I am not even against them creating projects, they would have just come as sub under Bitcoin and all use Bitcoin to create whatever project they are working on, instead of creating coins, some of the ones that even have similar projects needs to merge their services. We don’t need more projects, what we need is more Bitcoin adopters.
I am not even against them creating projects, they would have just come as sub under Bitcoin and all use Bitcoin to create whatever project they are working on, instead of creating coins, some of the ones that even have similar projects needs to merge their services. We don’t need more projects, what we need is more Bitcoin adopters.
April 25, 2019, 12:01:39 PM
Perhaps this is the beginning of the cryptocurrency era, the whole point is that there are people who use cryptocurrencies only as a hobby. Many people began to use cryptocurrencies in this respect. so I think that from so much.
As stated we are in the very beginning of a new era which is revolutionary and has got everything associated with technology. Maybe more payment related projects seems unwanted, but these are necessary in my view. Just think of few years back, there is very few payments service like PayPal, now we've got lot many and we use the one we feel better. April 25, 2019, 11:57:42 AM
Perhaps this is the beginning of the cryptocurrency era, the whole point is that there are people who use cryptocurrencies only as a hobby. Many people began to use cryptocurrencies in this respect. so I think that from so much.
April 25, 2019, 08:58:49 AM
Crypto payments coins are not really used to buy things. They are mostly used for trading like other coins. The problem is, who really want to accept a coin with a big volatility?
Except if this coin is very stable, merchants won't accept it. It is like accepting a salary in cryptos. It is good when the coin is in the uptrend, but very bad in a bear market.
The fear of losing the value still at stake from most people that's the reason behind why crypto coins that's been developed are not getting anywhere, the actual usage for the sole purpose ain't materializing, still being kept for trading and investing purposes, only time can say if adoptions will really happen in the mainstream community where crypto will be use as an alternative to fiat currency. Except if this coin is very stable, merchants won't accept it. It is like accepting a salary in cryptos. It is good when the coin is in the uptrend, but very bad in a bear market.
April 25, 2019, 04:55:07 AM
Yeah right now they are very much payment project. But still i guess this is still a time for the compettition because we know that crypto payment are just begin popular in this time. Same like industrial age that many people are competting to make a long stand product. And the innovative one that can survive in this competition bussiness
over time, each more or less adequate platform will fasten the ability to accept payments in cryptocurrency, and then there will be real competition. April 25, 2019, 04:25:43 AM
Yeah right now they are very much payment project. But still i guess this is still a time for the compettition because we know that crypto payment are just begin popular in this time. Same like industrial age that many people are competting to make a long stand product. And the innovative one that can survive in this competition bussiness
April 25, 2019, 04:18:25 AM
Crypto payments coins are not really used to buy things. They are mostly used for trading like other coins. The problem is, who really want to accept a coin with a big volatility?
Except if this coin is very stable, merchants won't accept it. It is like accepting a salary in cryptos. It is good when the coin is in the uptrend, but very bad in a bear market.
Except if this coin is very stable, merchants won't accept it. It is like accepting a salary in cryptos. It is good when the coin is in the uptrend, but very bad in a bear market.
Jump to: