Which cryptocurrencies should gain broader payment gateway acceptance soon? - page 2.

coinremitter

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Quote from: Wiwo on September 22, 2023, 03:05:35 PM

Quote from: Adbitco on September 22, 2023, 02:59:22 PM

Actually that is the purpose for bitcoin and why it was created at the first place if there could be a better way for bitcoin lightning network then it could solved the problems and replaced TRX and LTC, since most people preferred using them. I think ethereum 2.0 also solve this issues i can't still find more changes after turning from Proof-Of-Work to Proof-Of-Stake and should have showed a big turnaround for eth gas reduction and yet people still don't finds friendly to use for transactions instead using preferred using bnb.

Well, let us hope that shortly, there will be more development in the entire cryptocurrency ecosystem that will put an end to all the issues currently experienced in the blockchain because we can't doubt the fact that we have been confronted with a lot of network problems in the past which have pointed out the need for more scalability in the blockchain technology and cryptocurrency as a whole.

We look forward to when we will have a network that could provide less fees and faster transactions, this may take time to be achieved but then I am very certain that it will come out well in the long run.

You've raised an excellent point about the need for continuous development in the cryptocurrency ecosystem. Scalability and faster, cost-effective transactions are indeed crucial for mainstream adoption.

In this regard, it's worth noting that projects like https://coinremitter.com/?utm_source=rep&utm_medium=altcointalks are working towards these goals. They are focused on providing solutions that address scalability issues, reduce fees, and enhance transaction speeds, all of which are key factors in achieving broader acceptance for cryptocurrencies. Keep an eye on their developments; they may contribute significantly to overcoming these challenges in the long run.

coinremitter

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Quote from: Adbitco on September 22, 2023, 02:59:22 PM

Quote from: Wiwo on September 22, 2023, 01:30:12 PM

Quote from: Adbitco on September 22, 2023, 04:53:00 AM

I don't know of other I have some specific coin that would be widely used such as Litecoin (LTC) and Tron (TRX) I think they are more flexible in terms of high fees reduction and quick confirmation. For litecoin and tron there is no crypto casino or gambling site you wouldn't find them this is to show a strong support and reliability for this two coin. I have actually thought of ETH but sometime it's too expensive to be affordable especially when client or a marchant desires to pay a very little amount of it and it's fee could be more higher than what you bought by then they finds its difficult to start using it as a payment gateway.

I agree with you on this and in fact TRX seems to be the most popularly used currency for most online casinos who are the biggest adopters in terms of services provision and activities when it come to coins, since many gamblers make deposits wager and withdraw at will using those couns, so there flexibility is what have drive such dependence from those actors in the market.

Although Bitcoin and ETH also fit in to this category of flexible coins for transaction but unless for some few scalability issues that surround their networks from time to time which make them not to be the best choice to many gamblers.

Actually that is the purpose for bitcoin and why it was created at the first place if there could be a better way for bitcoin lightning network then it could solved the problems and replaced TRX and LTC, since most people preferred using them. I think ethereum 2.0 also solve this issues i can't still find more changes after turning from Proof-Of-Work to Proof-Of-Stake and should have showed a big turnaround for eth gas reduction and yet people still don't finds friendly to use for transactions instead using preferred using bnb.

Thank you for your valuable insights on Bitcoin, Ethereum, and the challenges they face in terms of transaction speed and fees.

It's worth noting that the crypto space is dynamic, and projects are continually evolving to address these issues. While Bitcoin's Lightning Network and Ethereum 2.0 are indeed promising solutions, it's essential to keep an eye on innovative projects that are actively working on improving transaction efficiency.

One such project that's gaining traction is https://coinremitter.com/?utm_source=rep&utm_medium=altcointalks , While it might not be a direct competitor to Bitcoin or Ethereum, it focuses on providing efficient and user-friendly payment solutions for businesses. They aim to bridge the gap between cryptocurrencies and real-world payments, making it easier for users and businesses to transact with digital assets.

In a rapidly evolving crypto landscape, it's essential to explore various options and see how they fit into the broader ecosystem. Coinremitter's approach to improving payment gateway acceptance with cryptocurrencies is certainly worth considering as part of this exploration.

coinremitter

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Quote from: AakZaki on September 22, 2023, 01:30:57 PM

ETH is very unfriendly when gas fees increase and even yesterday the ETH fee reached $75 for each transaction. This is certainly quite crazy if used for small transactions. Gass fees are also increasing due to the high spike in transactions. I also like TRX, it is quite cheap and is used on many platforms such as gambling and several other platforms with very cheap and stable costs. But to act as a payment gateway, you still need to do research first. It's not easy to apply, there has to be some kind of trial error first to see if it's suitable or not.

Absolutely, I completely understand your concerns about Ethereum's high gas fees. It can be challenging for smaller transactions. TRX does indeed offer a more cost-effective alternative for various use cases.

Regarding your interest in using cryptocurrencies as payment gateways, you're absolutely right. Research and testing are essential steps to ensure suitability. It's crucial to choose a cryptocurrency that aligns with your specific requirements and business model.

In this context, you might find https://coinremitter.com/?utm_source=rep&utm_medium=altcointalks worth exploring. They offer a range of cryptocurrencies, including TRX, with competitive transaction fees. It's always a good practice to test and evaluate different options to find the one that best suits your needs.

coinremitter

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Quote from: Wiwo on September 22, 2023, 01:30:12 PM

Quote from: Adbitco on September 22, 2023, 04:53:00 AM

I don't know of other I have some specific coin that would be widely used such as Litecoin (LTC) and Tron (TRX) I think they are more flexible in terms of high fees reduction and quick confirmation. For litecoin and tron there is no crypto casino or gambling site you wouldn't find them this is to show a strong support and reliability for this two coin. I have actually thought of ETH but sometime it's too expensive to be affordable especially when client or a marchant desires to pay a very little amount of it and it's fee could be more higher than what you bought by then they finds its difficult to start using it as a payment gateway.

I agree with you on this and in fact TRX seems to be the most popularly used currency for most online casinos who are the biggest adopters in terms of services provision and activities when it come to coins, since many gamblers make deposits wager and withdraw at will using those couns, so there flexibility is what have drive such dependence from those actors in the market.

Although Bitcoin and ETH also fit in to this category of flexible coins for transaction but unless for some few scalability issues that surround their networks from time to time which make them not to be the best choice to many gamblers.

You make a valid point regarding the importance of flexibility, especially in the online gambling industry. TRX's popularity among online casinos does indeed highlight its suitability for such transactions.

While Bitcoin and Ethereum are established leaders in the cryptocurrency space, it's essential to consider factors like scalability and transaction speed, as you've rightly pointed out. I'd like to add that solutions like https://coinremitter.com/?utm_source=rep&utm_medium=altcointalks are actively working to address these scalability concerns by offering faster and more cost-effective transactions, which can be advantageous for both businesses and individuals. It's always exciting to see how different cryptocurrencies can cater to various niches within the market.

coinremitter

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Quote from: rwishmila on September 22, 2023, 09:08:47 AM

Quote from: coinremitter on September 22, 2023, 04:28:03 AM

Cryptocurrencies have been gaining significant traction in recent years, with an increasing number of businesses and individuals adopting them as alternative means of payment. As this digital revolution continues to unfold, we want to hear your thoughts and preferences regarding which cryptocurrencies you'd like to see more widely accepted by payment gateways in the near future.

In this discussion, we aim to explore the cryptocurrency landscape from the perspective of everyday users and cryptocurrency enthusiasts. We invite you to share your views on specific cryptocurrencies that you believe should be integrated into mainstream payment gateways and why you think they deserve broader acceptance.

Whether you're a seasoned crypto investor, a casual user, or someone just beginning to dip their toes into the world of digital currencies, your input is valuable. Join the conversation, voice your opinions, and help shed light on the future of cryptocurrency adoption in the realm of digital payments. Together, we'll uncover which cryptocurrencies hold the most promise and potential for widespread acceptance, offering insights that could shape the future of finance and technology.

As someone coming from a software background, it is a costly process to add a new payment gateway. For instance, imagine you are integrating a new payment gateway into an existing commercial platform, you need to create a brand new payment gateway, update the particular commercial platform to include the new gateway, and perform multiple rounds of testing such as usability testing, load testing, etc. Additionally, the existing payment gateways usually do not charge anything from the customer's side for using their gateway, the merchant pays a fee for every transaction made. All of these costs including the considerably higher gas fees will have a heavy impact on the forthcoming crypto payment gateways.

Inevitably when it comes to the business world, any business will consider the return on investment of such a process. Personally, I think it will take a while for crypto payment gateways to get widely used and normalized.

Thank you for sharing your perspective on the challenges and costs associated with integrating new payment gateways, especially in the context of cryptocurrency adoption.

You raise some valid points regarding the complexity and investment required for businesses to embrace crypto payment gateways. Indeed, the transition to cryptocurrency payment solutions can be a daunting task, especially for established businesses.

It's important to note that the adoption of cryptocurrencies in the payment space is still evolving, and the industry is actively working on solutions to address these challenges. For example, payment processor like https://coinremitter.com/?utm_source=rep&utm_medium=altcointalks aim to simplify the integration process and offer cost-effective solutions for businesses looking to accept cryptocurrencies. While the adoption curve may take time, innovations in this space are making it more accessible for businesses, ultimately improving the ROI for those willing to make the transition.

In the meantime, it's essential for businesses to carefully evaluate their specific needs, costs, and potential benefits when considering cryptocurrency payment gateway integration. This allows them to make informed decisions regarding the adoption of these emerging technologies.

coinremitter

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Quote from: Adbitco on September 22, 2023, 04:53:00 AM

I don't know of other I have some specific coin that would be widely used such as Litecoin (LTC) and Tron (TRX) I think they are more flexible in terms of high fees reduction and quick confirmation. For litecoin and tron there is no crypto casino or gambling site you wouldn't find them this is to show a strong support and reliability for this two coin. I have actually thought of ETH but sometime it's too expensive to be affordable especially when client or a marchant desires to pay a very little amount of it and it's fee could be more higher than what you bought by then they finds its difficult to start using it as a payment gateway.

Thank you for sharing your thoughts on Litecoin (LTC) and Tron (TRX). You've raised some valid points regarding their flexibility in terms of lower fees and quicker confirmations, which can be crucial for broader adoption.

I agree with your assessment, especially when it comes to microtransactions and lower-value payments. However, it's worth mentioning that Ethereum (ETH) is actively working on scaling solutions like Ethereum 2.0 and Layer 2 networks, which aim to address the high fees and congestion issues. This could make it a more viable option in the near future.

Additionally, you might also want to explore https://coinremitter.com/?utm_source=rep&utm_medium=altcointalks, a payment gateway solution that supports various cryptocurrencies, including Litecoin and Tron. They are continually expanding their reach and services to help businesses and merchants accept a wide range of digital currencies, making it easier for clients and customers to use cryptocurrencies for payments without the burden of high fees.

In conclusion, while Litecoin and Tron have their merits, it's essential to keep an eye on the evolving landscape of cryptocurrencies and payment gateways to ensure the best options for both merchants and customers.

danherbias07

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It will not be Ethereum I am sure of that because of the fees.
BNB seems to be not a good choice too because of many things that circulating around CZ which is SEC.
XRP has also been hit by the SEC so there will be resistance if it is used as a payment gateway.

I see Litecoin as one with a clean record and the fees are also not that high. I have seen many gamblers who use this as their option for betting. Next to it is Tron. Wide usage too because of the cheap transaction fees and the value is not moving too much like other coins in the market. I will not choose any stablecoins, I don't think they should be part of the choices here.

lixer

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Quote from: Magic-Money on September 26, 2023, 08:21:49 AM

The world is gradually moving into digital currency as a means of payment, which Bitcoin is a clean position used as a means of payment, because of popularity, then follow by Litecoin, Tron and Matic Coin, they are fast in transaction confirmation with a less transaction charge fees Blockchain and the above coin has already established in the cryptocurrency market and get more popular know coin.

Not gradually but majority have already moved here. This is the feature of payment methods and those who went early has an advantage. When you say BTC has a clean position, are you referring about its rank which is still at the first spot? Because if you are referring about the other, like for example about its effect to the environment, then you are wrong with that.

This is why many environmentalists are against BTC. The next to BTC is not Litecoin and the rest of the coins that you said but no doubt that they are faster than ETH and the others. BTC isn't fast enough and its fees were also a bit high sometimes but its only advantage is its wide range support.

Adbitco

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Quote from: mindrust on September 28, 2023, 02:02:30 PM

Quote from: Adbitco on September 22, 2023, 04:53:00 AM

I don't know of other I have some specific coin that would be widely used such as Litecoin (LTC) and Tron (TRX) I think they are more flexible in terms of high fees reduction and quick confirmation. For litecoin and tron there is no crypto casino or gambling site you wouldn't find them this is to show a strong support and reliability for this two coin. I have actually thought of ETH but sometime it's too expensive to be affordable especially when client or a marchant desires to pay a very little amount of it and it's fee could be more higher than what you bought by then they finds its difficult to start using it as a payment gateway.

ETH has a great reputation but sadly it’s expensive af to use just like you said. Litecoin, tron are fine but you missed dogecoin. (DOGE) Doge is as cheap and fast as ltc. (Probably cheaper) It is not as widely adopted as ltc but I think it is better than tron in this area. I thought eth was going to solve its fee problem when it went full PoS but here we are. Nothing has improved. Tron is also good because I use it when I withdraw USDT from binance and tron chain offers the lowest withdrawal fees.

Do you think they will use meme coin?
DOGEcoin is a meme coin that is why they don't mostly include it in most of the gambling site or other payment system, I have actually thought about it but i can't give it full definition to be use as one. Usually what i am predicting to be used in term to come may be LTC.
I have came across many places where LTC were listed as a means of payment but other altcoin weren't listed.
There was a time i was trying to fund my MT4 back then when i was giving little attention to trading, I notice BTC, LTC ETH was listed as then but i didn't use btc or eth instead i used ltc, even my mentor do preferred using LTC.

mindrust

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Quote from: Adbitco on September 22, 2023, 04:53:00 AM

I don't know of other I have some specific coin that would be widely used such as Litecoin (LTC) and Tron (TRX) I think they are more flexible in terms of high fees reduction and quick confirmation. For litecoin and tron there is no crypto casino or gambling site you wouldn't find them this is to show a strong support and reliability for this two coin. I have actually thought of ETH but sometime it's too expensive to be affordable especially when client or a marchant desires to pay a very little amount of it and it's fee could be more higher than what you bought by then they finds its difficult to start using it as a payment gateway.

ETH has a great reputation but sadly it’s expensive af to use just like you said. Litecoin, tron are fine but you missed dogecoin. (DOGE) Doge is as cheap and fast as ltc. (Probably cheaper) It is not as widely adopted as ltc but I think it is better than tron in this area. I thought eth was going to solve its fee problem when it went full PoS but here we are. Nothing has improved. Tron is also good because I use it when I withdraw USDT from binance and tron chain offers the lowest withdrawal fees.

FanEagle

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Tron is definitely the one to go with on this subject. Don't get me wrong, this doesn't make Tron a great coin, there are some stuff that it lacks and that is why I do not have much of it, if you look at my portfolio there must be like 1-2% of my entire portfolio in Tron, so nothing major at all. However, if we are talking about payment gateway then I am sorry but Tron is by far better than any other coin that exists today.

I think it is better than even bitcoin or ethereum, because not only it's cheap (nearly free most of the time) but it is also nearly instant (less than 30 seconds each time) so it means that there must be something right they are doing and could be considered the best one for payments.

Magic-Money

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The world is gradually moving into digital currency as a means of payment, which Bitcoin is a clean position used as a means of payment, because of popularity, then follow by Litecoin, Tron and Matic Coin, they are fast in transaction confirmation with a less transaction charge fees Blockchain and the above coin has already established in the cryptocurrency market and get more popular know coin.

Xal0lex

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Only those cryptocurrencies that have demand for the blockchain space have the potential for mass adoption, all other projects parasitizing on someone else's technology are unlikely to be very popular among crypto users and various companies. Most tokens have no blockchain, no utilitarian utility, and no original concept, almost the entire market consists of clones of long-established projects.

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Bitcoin will be the first one to go, it is going to be something that would be accepted in a lot more places, probably soon enough it will be accepted everywhere all around. I get that it is not going to be something that would make sense, but at the end of the day it is going to be hard and we shouldn't really be expecting anything different.

I understand that we are not going to be seeing anything that would be terrible, we should be something that would not be smart neither. I get that it is going to be hard to handle all of that, but we could end up with a good result if we know what we are doing, which is why I believe that we are going to end up with a profit that would be special on the long run and not lonely for bitcoin and others will join too.

Yogee

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Quote from: goaldigger on September 22, 2023, 03:58:54 PM

The problem with the top coins are the fees and the traffic on their network which makes the transaction slower so with this,

Let's not forget about the centralization and the security risks involved with this. There are coins with cheap fees and faster transaction confirmations but suffers outages due to network attacks.

Quote

The network of BTC and ETH seems unfriendly when it comes to payment and if you do have businesses and plans to accept crypto as mode of payment, better to look for alternatives instead of using ETH network.

I'm only going to speak for Bitcoin. I think slower confirmation is a good trade of for decentralization and security.

It's quite unfortunate that convenience is the number 1 priority for most users and security comes second or third.

Blitzboy

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The rise of cryptocurrency marketplaces challenges central banks' influence in today's complicated financial system. Your inquiry on which cryptocurrency payment processors should use is timely and significant. I've championed Ethereum adoption. Why? Its a decentralized application platform that anticipates blockchain technology as well as a means of exchange.

But be careful. Cryptocurrencies may undermine traditional financial institutions by breaking through their opaque barriers and freeing them from their monopoly. Adopting cryptocurrency, especially Ethereum, will speed up, open up, and decentralize financial transactions. Beware of opposition from established banks protecting their turf. Environment offers opportunity and risk.

@sriyan

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Quote

As someone coming from a software background, it is a costly process to add a new payment gateway. For instance, imagine you are integrating a new payment gateway into an existing commercial platform, you need to create a brand new payment gateway, update the particular commercial platform to include the new gateway, and perform multiple rounds of testing such as usability testing, load testing, etc. Additionally, the existing payment gateways usually do not charge anything from the customer's side for using their gateway, the merchant pays a fee for every transaction made. All of these costs including the considerably higher gas fees will have a heavy impact on the forthcoming crypto payment gateways.

Inevitably when it comes to the business world, any business will consider the return on investment of such a process. Personally, I think it will take a while for crypto payment gateways to get widely used and normalized.

Do you know about any real-world application for that? Can we develop a new payment gateway without charging the customer(without considering every transaction)? So then everyone can easily use that one.
My suggestion is to get only the initial payment.

o48o

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Quote from: coinremitter on September 22, 2023, 04:28:03 AM

Cryptocurrencies have been gaining significant traction in recent years, with an increasing number of businesses and individuals adopting them as alternative means of payment. As this digital revolution continues to unfold, we want to hear your thoughts and preferences regarding which cryptocurrencies you'd like to see more widely accepted by payment gateways in the near future.

In this discussion, we aim to explore the cryptocurrency landscape from the perspective of everyday users and cryptocurrency enthusiasts. We invite you to share your views on specific cryptocurrencies that you believe should be integrated into mainstream payment gateways and why you think they deserve broader acceptance.

Whether you're a seasoned crypto investor, a casual user, or someone just beginning to dip their toes into the world of digital currencies, your input is valuable. Join the conversation, voice your opinions, and help shed light on the future of cryptocurrency adoption in the realm of digital payments. Together, we'll uncover which cryptocurrencies hold the most promise and potential for widespread acceptance, offering insights that could shape the future of finance and technology.

I frankly want to see lots of stuff happening before more adoption and broader acceptance. Permissionless transactions create all sorts of legal issues if we bring public using any of this. Old people get scammed so easily even without owning crypto. Luring those people in using something like this when they barely understand how mobile phone works is just too dangerous and irresponsible.

I would be happy to be proven wrong and see majority understanding what they are doing with crypto, but i face intelligent people all the time who have weird clichee ideas about altcoins and whole cryptocurrency. And i am bored to explain anything to them. People still see whole crypto as a scam and arguments about eth taking so much energy are still being used, even though it turned to PoS.

And even in this forum, people talk same way about nfts filled with hate. I just don't understand the hate towards some protocol.

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Quote from: coinremitter on September 22, 2023, 04:28:03 AM

Whether you're a seasoned crypto investor, a casual user, or someone just beginning to dip their toes into the world of digital currencies, your input is valuable. Join the conversation, voice your opinions, and help shed light on the future of cryptocurrency adoption in the realm of digital payments. Together, we'll uncover which cryptocurrencies hold the most promise and potential for widespread acceptance, offering insights that could shape the future of finance and technology.

Well popularity is one key to current competition. Well we have the likes of bitcoin and eth but there are out there that could be used as well. Im not sure L1 projects that are competing with eth could somehow manage now but maybe in the future if they could improved all the development and secure more recognition among all countries maybe. I am thinking matic, could be a game changer with the likes of trx, litecoin and dogecoin. Obviously binance coin which has an outstanding performance and known by a lot due to the Binance exchange.

goaldigger

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The problem with the top coins are the fees and the traffic on their network which makes the transaction slower so with this, I agree that LTC and TRX should have a better exposure when it comes to payment acceptance as they offer a lower fees and a faster transactions. The network of BTC and ETH seems unfriendly when it comes to payment and if you do have businesses and plans to accept crypto as mode of payment, better to look for alternatives instead of using ETH network.

Topic: Which cryptocurrencies should gain broader payment gateway acceptance soon? - page 2. (Read 318 times)