Will cryptocurrency soon be an alternate payment option? - page 13.

emberbekas

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Quote from: michellee on June 29, 2019, 12:38:45 AM

Quote from: spadormie on June 28, 2019, 11:40:21 PM

You just said it. You said that big companies are accepting cryptocurrency as payment. So, it means that it is starting to build up its own reputation as a payment to some stores. And will definitely will soon to rise as an alternative payment option.

Although the big companies are accepting cryptocurrency as payment, if the government still not approve, then they could not apply cryptocurrency. The important thing is we need approval from the government so the big companies can be free to use cryptocurrency as their payment option. Besides that, if the government can approve cryptocurrency, people will use and know about cryptocurrency, and if that happens, then we will going to see the growth of cryptocurrency in real life.

But with the rapid development of crypto currencies, the government may change their policies to accommodate the changed eras. As an example, in regard with the news of Libra Coins that will be launched in 2020, it could affect the government policy later.

jake zyrus

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It's already happening. There are businesses who are already accepting bitcoin and other crypto as a payment. Sooner, more merchants will probably accept this kind of payment also. If more people demands for it, business will adjust to it, I think. If only more people will engage to crypto

Indrawan77

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Yeah it has been an alternate payment option for several store, and this is the target of crypto, now we are limited because of the countries legality, in some countries crypto has beed adopted as alternate payment option and judging from the news, soon we can used crypto to buy a lot of things

Payme21

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I think we are already seeing this now and in a short while, btc acceptability by merchants will be massive even in developing countries

Ressurection

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i own a couple of cryptocurrencies actually but i don't think it's going to be an accepted mode of payment anytime soon. This would take quite sometime to be realized. Many people think cryptocurrencies are scams and this is really disrupting the trust that users must have in it.

michellee

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Quote from: spadormie on June 28, 2019, 11:40:21 PM

You just said it. You said that big companies are accepting cryptocurrency as payment. So, it means that it is starting to build up its own reputation as a payment to some stores. And will definitely will soon to rise as an alternative payment option.

Although the big companies are accepting cryptocurrency as payment, if the government still not approve, then they could not apply cryptocurrency. The important thing is we need approval from the government so the big companies can be free to use cryptocurrency as their payment option. Besides that, if the government can approve cryptocurrency, people will use and know about cryptocurrency, and if that happens, then we will going to see the growth of cryptocurrency in real life.

Janation

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It already is.

There are a lot of platforms that accepts Bitcoin as an alternate payment option and I don't think we should say "soon" since it is already happening. Other cryptocurrencies can wait but in terms of BTC, it is already there.

spadormie

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You just said it. You said that big companies are accepting cryptocurrency as payment. So, it means that it is starting to build up its own reputation as a payment to some stores. And will definitely will soon to rise as an alternative payment option.

AmoreJaz

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Quote from: Akonobea on June 28, 2019, 11:11:25 PM

Yes and this is one of the achievements that crypto enthusiasts are working day in and day out just to see this become a realization. It would take much time but i know someday we can all spend our cryptocurrencies like we use our fiat currencies.

right now long term holders are keeping their btc as much as possible. many of us are looking at btc as investment rather than money for day to day expenses. we cash out when we need to but as much as possible we don't want to spend the btc that we have. this mindset might be owed to the fact that increase in price is overwhelming. but when it comes to the point that its value stabilised and price volatility is not that much, we might see the spending of btc will grow tremendously.

Rufsilf

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I do own some and I agree with you, a lot of big companies now considering cryptocurrency as payment options and I think it will grow more and probably it will be another mode of payment in the future. For me transaction in cryptocurrency is very convenient that is why it is not possible that companies will adopt the system and use it as an alternate payment option.

Akonobea

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Yes and this is one of the achievements that crypto enthusiasts are working day in and day out just to see this become a realization. It would take much time but i know someday we can all spend our cryptocurrencies like we use our fiat currencies.

Nasty23

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Quote from: xSkylarx on June 28, 2019, 10:08:27 PM

Yes, in fact here in our country you can already use it to pay some bills, buy game credits, top-up load credits for your phone and many more things to use. As time passes the number of merchants here that acknowledge blockchain technology and bitcoin is growing.

Also in our country here, lot of merchants now are accepting cryptocurrency as a payment method on which can give a big help to increase the popularity of it that can possibly lead to mass adoption in all over the world that can help us to secure and easily transact wherever we are.

libert19

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Yes I do own some crypto, and it is already an alternate payment option at many places. You can pay server costs, buy giftcards, pay bills, etc using it.

Fredomago

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Quote from: libert19 on June 28, 2019, 09:02:44 PM

Yes I do own some crypto, and it is already an alternate payment option at many places. You can pay server costs, buy giftcards, pay bills, etc using it.

For now it's best to consumed those ways to enjoy using your crypto currency after some years it will be use by many businesses and more adoptions will be expected, more consumers will enjoy the benefits of crypto transactions, it's just getting started.

xSkylarx

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Yes, in fact here in our country you can already use it to pay some bills, buy game credits, top-up load credits for your phone and many more things to use. As time passes the number of merchants here that acknowledge blockchain technology and bitcoin is growing.

Apes

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there are already many shops and companies that accept payments using cryptocurrency, it seems that the number of stores interested in joining will increase even it seems that they are still considering several aspects.
shop owners seem to be still in doubt about cryptocurrency payment, if the crypto use trend is increasing I'm sure they will definitely follow it. so the cryptocurrency goal as an alternative payment method is reached.

Dreamchaser21

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Quote from: growthincrypto on June 28, 2019, 03:56:41 AM

Just a month ago, giants like Starbucks, Nordstrom, Whole Foods, and AT&T announced that they accept cryptocurrency as a payment option.
With the popularity that cryptocurrency is growing there is no doubt that it will soon be among other payment methods. Especially for the international payments, with its ridiculously low fee and time taken for inter-border transfers it is surely the favorite among the traders.
Also, with giants accepting it as a payment option there is no other need to prove its authenticity.

Do you own any cryptocurrency yet?

I do own some coins and i do believe that it happen soon. Starbucks can be a good addition but i think its not possible yet since they are still not accepting bitcoin or altcoins here in my place, but some local coffee shops already using it. Cryptocurrency will be a good alternative as a payment option.

rodel caling

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Well obviously yes, crypto is the newest option for payment method in the sellected companies accept it as payment. And hope nsooner not only crypto an option as payment is majority choices of the people worldwide because of their comfortable easy to pay via online network.

denasha92

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I think bitcoin will be an alternative payment method in the transaction or business because of the ease of transaction and can minimize the cost in the transaction both local and international, however there are still some countries that ban the use of bitcoin as means of payment in transactions. I'm sure they will follow if the majority of countries in the world allow people to use bitcoin as a means of payment because developed countries would definitely follow the development of times and technology

Emilyp

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It's already an alternative payment means, many service providers are currently accepting not only bitcoin but some other coins like LTC, ETH and BNB. In the coming years, there would have been massive adoption.

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