Topic: Which Crypto Will Replace Bitcoin In Small Payments ? ETH, Ripple ? (Read 279 times)

Maybe I don't get how Stellar Lumens will eventually work, but if you want to pay $2.50 for a cup of coffee, you use their network and the dollar amount is transfered from your Stellar wallet within a second or so. If you want to send $20 to alibaba in China in order to pay for your new electronic toy, the money will be instantly converted into the local currency and the recipient gets his $20 worth in Chinese currency.
All this within a few seconds for less than one cent. This sounds like the perfect payment method, if you ask me.

I think ETH has more chances of replacing BTC for those situations, unless BTC fees will be reduced.

Eth and ripple are coins that have a great project behind but they have a long way to go compared to bitcoin. if it is true that currently btc presents problems to carry out small transactions but maybe it is a problem that has a solution with its new update. at the moment it is not bad option either of the two alts have had big increases thanks to their new news.

I don't know about Ripple, but maybe ETH. In my own experience, people already use LTC and Doge a lot for small payments - fast confirmation times as always and easy to use wallets, in fact you can even send 0 fees for them and they still go through. Even with online wallet fees, they're still very small. 1 or 2 Doge maybe? And something like 0.001 LTC (30 cents and only because LTC's gone up)?

I use waves also and I can see it becoming another solution, but problem is you don't see Ripple or Waves on many sites.

I think that litecone is a worthy replacement for bitcoins, a stable and reliable coin.

when smartcash run smartnode this month, it will potential for micro payment it will apply to commerce site when deploy integrated with  woocomerce plugin on Wordpress platform in near future.

I think Ripple could have a potential to replace micro-transaction. The fact is a transaction on Ripple is extremely fast and cheap, the only thing it takes longer is if you send it from an exchange. Bitcoin is unsustainable for micro-transactions, but it doesn't mean Bitcoin cash is the great solution, there are many cryptocurrencies that can handle micro-transaction very good like Ripple.

Since there are lots of coins available that are much faster than any another slow coin which have better technology .
Here my first support for Digibyte coin , this is coin is really much faster ( Because I seen that it get confirmed in 3 minutes during transfer from one exchange to another exchange site ) .
After Digibyte my suggestion for better coin to make smaller payment is itself bitcoin cash, bitcoin gold , bitcoin diamond , here I am saying to forked coin Because I know that these are not much famouse coin Because these are no having simple Wallet like bitcoin have , so these are not in much use but in the incoming time people will use these coins much .
Next coin that I think is better for small transaction is Etherium and dash coin.

the one who has better offers, fees, and other ideas and stuff that you can do with them...


but for now I bet on Ethereum, because of theirs tokens and other stuff that you can put/have on their blockchain, the downside is that ETH has consuption of the fee that is payed for transaction even tho it doesn't go trough... But even better than ETH is DGB, for now DGB is cheapest way to transfer even trough online exchanges, but you should consider for current time, in the future if DGB will increase in value maybe they'll have problems too...

ripple it's just pump and dump money like bitcoincash... But mainly ripple is used by some banks for eazy buying bitcoins? Don't know much sorry... I only know that ripple is next in pump n dump... like bitcoincash..

I think in top 10 coins according to mcap, XRP is best to be used as currency. It has massive supply which Ripple releases occasionally to dump the price. Thus, a bringing in a bit of inflation and thus, it best suits as a currency. Added to that transaction fees is quite low and tx speed is fast. But it won't replace Bitcoin as currency as Bitcoin is hardly being used as currency because of its in built deflation, it is more a store of value.

Digibyte xvg smartcash there are many coins that can do that even a meme coin aka doge.Its more about what coin will be accpeted as a small and fast payment method and so far ltc is the favorite as its being pushed in all ways and sides,charlie lee hosting on cnbc and steam accepting litecoin

If you ask me, litecone is a pretty great candidate since it is fast, reliable and really cheap in terms of transaction fees.  It really would be a great choice. Since it is still pretty cheap and not a pain in the pocket to buy. Plus it has great potential to increase in price for the next few months or years. I even invested and converted some of my btc into litecoin. But still, i am not ready to ket go of my bitcoins. So.. i think i can say i have invested enough already on litecoin.

Bitcoin is really struggling due to the high price now . The other altcpins might replace it for small payments .That is just because they have so much potential right now and the block size is also relatively larger than bitcoin . They might replace it , if the changes are not made for bitcoin's coinbase very soon .
Many coins such as ETH , Ripple , Iota , Electroneum have a chance to attain this thing.   

Bitcoin Cash is Bitcoin and can do transactions for pennies.

Add a sidechain for sub 1 penny txs and you’re set.

Bitcoin is king of the crypto market and therefore if you want to replace it with some other crypto coins then go to some coins which has good value for the current and future crypto market cycle. You can move to Ethereum also as it is good and connected to all the major ICO's, but i will also tell you that you can go and try Ripple, Neocoin, Dash which are emerging as a good option.

Possibly one which has not been fully released yet? As someone said earlier, people will not adopt a currency with 8 decimal places. Personally I think the currency to be majorly adopted will be one with no more than two decimal places. It will be easiest for the average joe to work with.

It wont be Ripple, to many people ideologically dislike it because its favored by banks.  I think ETH is too focused on smart contracts and not having a simple native wallet (MEW works fine but browser doesn't cut it for many uses).  Many of the other suggestions are platforms with similar issues (trying to do more than just payments, under-developed tools).  It should be Litecoin, since thats its purpose and doesn't need anyone to be convinced?  Steam has taken it on, so i think the switch is already in motion.

Now there are many projects that can boast of the speed of transactions and a low commission in comparison with bitcoin. For example, dash, vtc, waves. But will they become a payment currency on a global scale? It seems to me closer to this dash

Personally I think that an everyday  usable crypto/altcoin needs to meet some or even all of these criteria .  1. Widely distributed across the globe - if its in the hands of less than 10 000 or even 100 000 people it will never really be used widely.   2. Fast - if blockchain refresh takes more than a minute its almost unuseable - what shopowner is going to ask a customer to wait for 10 minutes while transaction is verified.       3. Very large distribution number and also FIXED number  - Has to be billions and not millions with no option to suddenly issue next billion - otherwise people will have to deal with buying a cup of coffee costing 0,0000234 of a coin - this is just not feasible as ppl need to equate values in understandable figures not in subdecimals.   4. useability -  it needs to be useable with barcode or even swipe card so can be accepted in more places. So the alt coin should have minimum webwallets, pc/mac wallets, merchant API's, even swipe cards/NFC's so the user isn't limited    5. Acceptability - If less than say 10 000 shops/retailers/restaurants  are not accepting then its also not really usable - this takes time so the number of places accepting has to be on clear transparent visible growth path and info where to use the coin should be readily available and updated daily - there should also be clear program in place by the organization to grow this number with clear targets etc.     6. Stability -  the price need to be relatively stable.....it can be with steady growth trend but not a zigzag as this causes something to cost x today and next day its 3x or x/3. ppl don't like that.    7. So blockchain really decentralised, highly transparent and ideally independent - really a peoples money .... so nobody can just increase the number suddenly and value crashes.    

So if You are looking at the coinmarketcap list then maybe only a handful of currencies fullfill some or any of the above criteria. Actually I doubt any do right now. So even Ether at 690$ may already be too expensive so a 5$ cup of coffee would cost 0,007 ether - its confusing.  

Also I guess the actual idea of an alternate currency is being lost due to number of ICO's - most people see altcoins just as funding mechanism and are not really interested to see them practically used to buy stuff.  I personally am a little saddened by this as I still believe we need an alternative to Fiat's.

I think it would be Ripple. Ethereum is #2 crypto after Bitcoin, so it's also more like an asset and like a platform for other services. Ripple is supported by banks, costs about a buck and is stable enough to be payment method.