Which cryptocurrencies should gain broader payment gateway acceptance soon? - page 3.

kentrolla

hero member

Activity: 1596

Merit: 566

Catalog Websites

Quote from: AakZaki on September 22, 2023, 02:30:57 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.

I am aligned on this as it's extortion when it comes to gas fee in ETH and it's not reasonable at all because for smaller transactions the fee will be more than the actual transaction itself and I have experienced this a lot during signature campaign payments made towards MEW and Tron is the cheapest and most sought after coin for transaction which I always use. But this has to be fixed and it cannot be this way forever.

Wiwo

hero member

Activity: 1022

Merit: 667

Top Crypto Casino

Quote from: Adbitco on September 22, 2023, 03:59:22 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.

Adbitco

hero member

Activity: 1428

Merit: 653

Leading Crypto Sports Betting & Casino Platform

Quote from: Wiwo on September 22, 2023, 02:30:12 PM

Quote from: Adbitco on September 22, 2023, 05:53:00 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.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

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.

Wiwo

hero member

Activity: 1022

Merit: 667

Top Crypto Casino

Quote from: Adbitco on September 22, 2023, 05:53:00 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.

rwishmila

newbie

Activity: 12

Merit: 6

Quote from: coinremitter on September 22, 2023, 05:28:03 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.

Adbitco

hero member

Activity: 1428

Merit: 653

Leading Crypto Sports Betting & Casino Platform

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.

coinremitter

jr. member

Activity: 217

Merit: 1

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.

Topic: Which cryptocurrencies should gain broader payment gateway acceptance soon? - page 3. (Read 314 times)