What will be the impact of this news on Bitcoin adoption ? - page 3.

lionheart78

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News about adoption is always good. It is another step for further adoption. I believe this adoption if resulted in a success will make other company to adopt and integrate Bitcoin into their payment system. Hopefully, the rare incidents of tx fee skyrocketing will not affect this adoption negatively.

Quote from: stompix on July 26, 2023, 12:05:53 PM

Zero, why?
Because Satimoto doesn't own a single charging station!
Because those charging stations don't accept Bitcoin directly but through their app which converts bitcoin with cash.

So it's like saying Walmart accepts Bitcoin because you can pay with a Binance Visa card funded with bitcoin.

I believe it is still a move to push Bitcoin forward. Regardless of any apps that converts Bitcoin to cash, it is always good to know merchants that accept Bitcoin since this means that there will be more places that we can pay with Bitcoin.

sokani

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Quote from: krishnaverma on July 26, 2023, 09:48:14 AM

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

A great news for bitcoiners and the crypto community and I hope it can help drive the mass adoption of Bitcoin. Honestly, lightning network is one beautiful thing that happened to Bitcoin network and many businesses are having it integrated into their platforms because of its immense benefits. It is also interesting to know that the number of electric vehicle points increased from 24,227 EV points to 60,000 EV across Europe within a space of 7 months which is huge. Though, some of it is still in experimental stage but it is still a great achievement by Satimoto.

Ndabagi01

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Quote from: Texac on July 26, 2023, 10:33:12 AM

Quote from: Ndabagi01 on July 26, 2023, 10:15:57 AM

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We want something massive, something that will convince the entire globe that bitcoin is here to stay. Even though I desperately want this to happen, I believe it will take some time. Let the bitcoin adoption continue....

Could you give me an example? Are you waiting for US adoption, and the rest of the world will imitate them accepting bitcoin as a worldwide legal tender?

We all know that US adoption will go a long way in the adoption of bitcoin, and at the same time there adoption could not be anything such of massive compare to when other big countries adopt its use as legal tender. As you have stated, not all countries are in good terms with the US and will not want to follow suit or accept the idea of adoption if the US does so. Bitcoin is decentralised and does not have preference of people who use it, but because everything nowadays is political, we may still encounter some obstacles in the global adoption of bitcoin. Having said that, this does not mean that bitcoin will cease pushing its adoption on its own, as it is already doing.

stompix

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Zero, why?
Because Satimoto doesn't own a single charging station!
Because those charging stations don't accept Bitcoin directly but through their app which converts bitcoin with cash.

So it's like saying Walmart accepts Bitcoin because you can pay with a Binance Visa card funded with bitcoin.

Frankolala

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This news will make bitcoin gain more ground in the world. As other countries might want to follow their footstep. However,this wouldn't add anything to bitcoin price because not everyone can afford to buy EVs but it will help to add an impact on bitcoin price in the long run.

I see that the Europeans are making bitcoin adoption to increase so that they can benefit from regulating bitcoin. The use of LN is a great decision as it will help to fasten transactions. US will be the next and let's watch and see the outcome on ETF. The adoption of bitcoin as a legal tender might take a very long time because there is still fear in most government to allow this happen.

Wapfika

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Quote from: krishnaverma on July 26, 2023, 09:48:14 AM

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

There’s a disclaimer on the introduction of the article that most of that 60K EV station will be on experimental phase which means it’s still not official. This news is really good in general since people will have an option to use Bitcoin but also this guarantee that gonna give huge impact since this 60K EV only add Bitcoin as option for the currency meaning there’s still a lot of currency that can be used aside from Bitcoin.

This is massive if customers that will use Bitcoin will have a discount which other currencies don't have to push people to use Bitcoin due to this exclusive benefits.

tjtonmoy

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Slowly but surely, that's the plan. These are the events that will push more and more people to accept Bitcoin in the future. There's a local saying that goes something like this - The faster you grow, the faster you fall. I guess if you think of it like that, then Bitcoin is doing the opposite and this will be the key to its success. Currently, this news won't have that much of an impact. It will be a part of market sentiment. It is not that big of news to make it a trend or a cycle to start a bullish market. There are lots of negative news going on recently and as far as I can tell, this particular news will fade away soon. I didn't even know about this until I came across this post. So as I said, it won't make that much of an impact. But these small positive events could really help Bitcoin to grow in the long run.
Bitcoin took over a decade to come to this point. So it will take some more time to be accepted worldwide. Or it could happen in an instant if somehow a piece of news could change people's perspective about Bitcoin and everyone will be willing to accept it. Let's not think much about it. Just sit back, and watch while HODLing BTC in your bags. Cheers.

Ojima-ojo

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Quote from: krishnaverma on July 26, 2023, 09:48:14 AM

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now Bitcoin will be accepted as a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

This approval is long overdue and for stores that are not currently accepting Bitcoin, if the country has a cryptocurrency regulation and approved its acceptance under guidance and regulations to checkmate the transaction and with that in place, we must be assured that all cryptocurrencies related payment are all done under strict adherence to the regulatory frameworks that approves its acceptance within the region.

Any store that is found around source and enabling environment that enable and allows cryptocurrencies as a form of payment and refused to take advantage of the wide range of advantages that surround Bitcoin as a payment method and as an asset which will serve a double purpose for the store if the market moves in their favour while holding a large sum of the capital in Bitcoin as results of many sell and payments using Bitcoin, this could increase the total amount of the DCA value of source bitcoin holding at that moment.

moneystery

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Quote from: krishnaverma on July 26, 2023, 09:48:14 AM

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

this is pretty good news, where bitcoin has started to be accepted in several places. while this may not have a significant impact on bitcoin, it is a great first step towards making bitcoin usable for more use cases and it is possible that bitcoin adoption will increase further in Europe and globally.

let's hope the startup's move to accept Bitcoin as payment on their platform doesn't get thwarted by local authorities, as bitcoin is still fairly new to being used to pay car charging bills.

Oshosondy

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Quote from: krishnaverma on July 26, 2023, 09:48:14 AM

So, now bitcoin will be accepted as a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

What that makes this more interesting to read is that it shows how lightning network can help. I see this as a means of how bitcoin lightning network adoption is increasing.

Quote from: https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

Specifically, German start-up Satimoto currently has around 60,000 EV charge points that accept non-custodial and pseudonymous charging and payment through the Lightning network in multiple European countries, as the company stated on Twitter while sharing a part of its recent (not yet published) map on July 26.

But this type of news may not just cause increase in bitcoin price, but as the adoption goes on, expect more positivity and increase in bitcoin price.

Zanab247

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This is a good news I love to hear, I believe many bitcoiners in this country will like to encourage this company by buy oil and other items from them to make them happy for the good decision they took to make such a thing to work in their environment. I guess the first country that adopted BTC as a legal tender will be very happy for this new moved because, many governments are coming to El Salvador to seek for directions on how to make BTC legal tender in their countries so that they will not regret with their decision. This new development will surely make many German people to do everything possible to acquire the knowledge of BTC, so that they will be part of the benefits that attached to BTC in the country.

Texac

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Quote from: Ndabagi01 on July 26, 2023, 10:15:57 AM

...
We want something massive, something that will convince the entire globe that bitcoin is here to stay. Even though I desperately want this to happen, I believe it will take some time. Let the bitcoin adoption continue....

Could you give me an example? Are you waiting for US adoption, and the rest of the world will imitate them accepting bitcoin as a worldwide legal tender? Everything takes time, we cannot expect bitcoin adoption to be quick, and even if the US accepts it as a legal tender. i also doubt that won't happen because not all countries follow the US arrangement. I don't like things going too fast, I prefer slow and steady rather than fast and then crash.

Ucy

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Just a short term approach...meaning it's not sustainable especially since Bitcoin can't be "regulated" by nations. Bitcoin use is only sustainable on mobile/nomadic businesses that are independent of existing centralized fiat systems, other contrary approach are short-term. You don't dare compete with Ceaser You either surrounder to him and have his face on Bitcoin or you remain a fugitive, wanderer, nomad, etc.

Obari

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Quote from: krishnaverma on July 26, 2023, 09:48:14 AM

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

Great news fir the cryptocurrency industry but I don't think this news will suddenly increase the adoption of bitcoin and in time past, we've heard of news of a full country accepting bitcoin as a legal tender and bitcoin wasn't even bullish about the whole incidence and I don't think this very news will also make bitcoin suddenly bullish.

Nevertheless, I think this is a welcome development and a great news for the entire bitcoin industry since Europe is already very big and I look forward to seeing more of this especially in Africa.

BD Crypto

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This will be a good step obviously on Bitcoin adoption and other sectors can implement Bitcoin payment method by observing their success. Every successful story builds up on small starting. Now Bitcoin users will be able to use their Bitcoin directly as a payment method.
If they are going to use lightening network as a payment method of Bitcoin that will be great which will ensure fastest transections with a very small fees. But usual transections aren't much suitable for little payments as it will cost higher fees. So I really appreciate this initiative. But this news will not impact huge in Bitcoin Adoption because we need Bitcoin as a legal tender in most of the countries which will be the biggest achievement and obviously mass adoption will occur.

Ndabagi01

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The news that they would accept bitcoin in those stations is not a big deal, but we can't help but welcome any small bit of popularity bitcoin gains because it leads to more adoption. We want something massive, something that will convince the entire globe that bitcoin is here to stay. Even though I desperately want this to happen, I believe it will take some time. Let the bitcoin adoption continue....

Taskford

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Quote from: krishnaverma on July 26, 2023, 09:48:14 AM

Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

Don't expect any huge since for now this is just another good news but it will not bring any huge impact if we talk about global adoption. Yes this could create some changes but its just for temporary pump only and what I think could bring big impact in terms of adoption is the US will announce thay they adopt and make bitcoin as their legal tender. For sure with this we can see bitcoin will be globally adopted even in small merchants on our places.

Yogee

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Lightning Network advocates should be happy with this news. The article mentions about Satimoto not compromising customer's personal data but I'm skeptical on that since EU seems to be pushing really hard for stricter crypto regulation. The company can say what they want to sell this but they will still follow the authorities.

mk4

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Not something that will make bitcoin suddenly mega-bullish as an asset in an instant, but it's great news nonetheless — baby steps; even if Lightning is still a slippery slope in terms of actual adoption.

krishnaverma

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Link to news
https://finbold.com/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/

So, now bitcoin will be accepted as a mode of payment at 60000 EV stations across Europe. Personally, I feel this is going to have a very positive impact on crypto adoption. More countries will hopefully take similar decisions soon.

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