Topic: Too much crypto payment projects but little people accepting crypto payments - page 5. (Read 498 times)
April 25, 2019, 12:29:18 AM
The question is not only in the reluctance of sellers to use Cryptocurrency. There is no reliable way to transfer to ordinary money, if you mean ordinary firms. How to fix them. A small number of people willing to use these payment methods. We need machines to transfer cryptocurrencies.
April 25, 2019, 12:02:31 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
actually the biggest problem is that nobody is focusing on this!
you see most of the project nowadays are focusing on the best way to get the most hype so that they can get pumped biggest and make the most amount of money. the result is obviously disastrous as all the altcoins have turned into shitcoins instead.
Basically, most of the projects you are talking about is focusing on the investment capability side of the coins, they are pertaining how to increase the market value not knowing the potential market factors that can directly make it happen. Bitcoin has lightning network, ethereum has the best transaction speed. That should be an inspiration to others.
April 24, 2019, 11:35:13 PM
It is possible that many crypto payment projects have been developed because they see the long-term prospects of crypto, the possibility of crypto being accepted as a daily payment method is entirely possible. But at the moment, crypto is something that is still too young, it is still not popular with many people. The lack of clear regulations from governments, huge fluctuations in crypto prices are barriers that really make it difficult to be accepted at this time.
I agree with you, crypto is still very young and the current regulatory problems slightly hamper crypto developmentbut I am sure that in the future there will be many merchants that accept crypto payments
April 24, 2019, 11:34:28 PM
because people who know this method are people who are still in the crypto scope, and even then not everyone can accept, maybe only a few. and for the community at large, still do not know the project, even to just know what crypto is.
April 24, 2019, 10:58:07 PM
There are a few projects focusing on creating an ecosystem for accepting and providing crypto payment options with fiat on and off ramps.
Check out cryptocom's relatively new project (ticker CRO) that has nodes and methods for accepting payments for various crypto (ie. a merchant doesn't need to decide what crypto to accept or reject).
Essentially they are trying to make a replacement or new VISA type system with lower fees for merchants, which will encourage their uptake.
Check out cryptocom's relatively new project (ticker CRO) that has nodes and methods for accepting payments for various crypto (ie. a merchant doesn't need to decide what crypto to accept or reject).
Essentially they are trying to make a replacement or new VISA type system with lower fees for merchants, which will encourage their uptake.
April 24, 2019, 10:49:26 PM
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.
I think it is not just paypal that will going to open the opportunity for cryptos, we can even buy on bitcoin atm's that can be located somewhere on our place. Also to contact our friends abroad or near if they have available crypto that can be sold to us. But maybe, if paypal will going to let these things happen, more positivity will going to be with crypto. April 24, 2019, 10:01:42 PM
It is possible that many crypto payment projects have been developed because they see the long-term prospects of crypto, the possibility of crypto being accepted as a daily payment method is entirely possible. But at the moment, crypto is something that is still too young, it is still not popular with many people. The lack of clear regulations from governments, huge fluctuations in crypto prices are barriers that really make it difficult to be accepted at this time.
April 24, 2019, 07:45:24 PM
More payment gateways accepting cryptocurrency form of payment from crypto cards or other payment forms like barcode scanning can go a long way in the real use of cryptocurrencies for daily shopping activities like buying food from a local store or paying for coffee or transportation and other things like that.
Without this payment solutions for vendors, owners of crypto cards will still be limited in the ways they can spend their cash
Without this payment solutions for vendors, owners of crypto cards will still be limited in the ways they can spend their cash
April 24, 2019, 07:40:48 PM
You're right.
Eventually cryptocurrency like most other technology will need world government bodies to introduce regulations and legal guidelines to aid adoption.
Eventually cryptocurrency like most other technology will need world government bodies to introduce regulations and legal guidelines to aid adoption.
April 24, 2019, 07:28:41 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.
yes you're right, the crypto payment project is a setback. we already have lots of coins that can do that. btc, eth, and others, and there are also stable coins. so why don't we encourage every ecommerce to accept crypto. not making another coin from the begin.
April 24, 2019, 07:26:28 PM
The problem is that most of this so called crypto payment projects are created only for the purpose of making profits from selling coins and not for helping crypto to grow and improve. It's sad but this is the real truth. A very few projects are truly focused on creating a good coin that could pe used for payments and even those projects get lost because no one gives them a chance.
April 24, 2019, 07:20:14 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.
But you can get another way to liquidate your coin or convert it into the crypto which already accepted by a lot of merchants such as bitcoin. Basically, crypto payment will work like converting your money into the fiat directly.
April 24, 2019, 06:43:38 PM
the core of our problem is that public demand is still low. so crypto progress in the market is not optimal. in the economy. it will have a negative impact on the offer. public knowledge about crypto is still low so their enthusiasm for crypto is also low. we must increase crypto spread in every place. we must explain the crypto benefits to the public.
April 24, 2019, 06:32:32 PM
That's why bitcoin is the sole cryptocurrency that everyone can use. The adoption of it has been widely spread unlike those projects that are popping everywhere and tells the community that they are a good payment for goods and other stuffs. You hit it correct that you have money but there's no people that's willing to accept it as a payment. Ofcourse, merchants, businesses and other people that are into this kind of community would love to choose the crypto that's accepted by majority and that is bitcoin, not a project that proclaims things that they can't make it happen.
April 24, 2019, 06:29:13 PM
Almost every other day is witnessing the launch of new cryptocurrency while its seems like a mirage for the adoption of this coins as payment options. I have observed that its only bitcoin that is being accepted as a means of payment while other are more or less junks . I hope the developers work on the adoption other than wasting raised funds on developing apps that don't have real time usage
April 24, 2019, 05:46:51 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.
This is the main issue I have with majority of the crypto projects designed for cryptocurrencies payments ..Majority of them fail to establish the requisite networks and co-orperation needed for their projects.. High value but no usecase is a waste in my opinion. 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 24, 2019, 05:29:49 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
You're right OP. New projects / new coins seem to be very easy to make, rather than their use (as a media transaction). In my opinion this proves, that cryptocurrency really needs a cold helping hand from the government or the bank to change the various policies that have been made by his party so that the movement of the cryptocurrency can expand freely reach the general public, and can trigger the growth of new adoption even to the level even greater adoption.
April 24, 2019, 04:50:50 PM
I think this can easily be accomplished if those crypto payments ecosystem that sounds new to many can be easily integrated into existing conventional ecosystem which people are already accustomed to. Not all people have the patience to learn new things but if it is integrated into what they are using before, it will be more easier for them.
April 24, 2019, 04:22:01 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.
Well, this thing take time and we might have to wait a longer while before we begin to see mass adoption in the crypto space, though we now have a lot of companies that accept crypto, this includes for hotel booking, making purchase of goods and services and also payment for domains and host, I recently heard that a well known bakery “Domino’s Pizza” now accepts bitcoin as a means of payment for purchase of pizza, I believe more to come soon 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 23, 2019, 09:08:54 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
actually the biggest problem is that nobody is focusing on this!
you see most of the project nowadays are focusing on the best way to get the most hype so that they can get pumped biggest and make the most amount of money. the result is obviously disastrous as all the altcoins have turned into shitcoins instead.
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