Topic: Will cryptocurrency soon be an alternate payment option? - page 14. (Read 7143 times)
So far, some altcoins are available to be alternative payment methods. However, not all of them are accepted. I think that it will be available again as we see that cryptocurrency is more popular and trusted. But, of course, it should be the trusted one, with most valuable rate.
It is a hassle to wait for a confirmation. Maybe it isn't an issue on cheap purchases where they can take the risk but if it is a significant amount the merchant will surely want to wait for at least one confirmation. As we have seen in the past, you either have to wait a very long time or pay a ridiculous fee when the network gets congested.
It just the beginning. I think that in the future, other large companies will also begin to accept payment in bitcoins. It just takes time.
There is the possibility of most companies accepting Bitcoin as their payment method. Sooner than later this payment methods or method will be implemented, hope this will lead to the adoption of Bitcoin and cryptocurrency in general. The future is very close to us than we could imagine.
Bitcoin or any other cryptocurrency has been used as an alternate payment option before in some businesses. The only difference is that these bigger company names don't want to get involved in any cryptocurrency as a payment option yet. And now look at them, they might back if they see the transaction fees during the bull run and i know some company retreating because they can't handle the volatility and the transaction fees.
This may happen soon 
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?
Cryptocurrency is slowly but surely making its way into our society even though there still much progress to be done, it is still a huge progress that we have made considering how a new concept and a new technology it is, i that it won't be too long before we see it in every store, especially since next year we will see Facebook launching their Libra coin which i have a hunch that it will be usable as a payment methods outside of Facebook since they are a huge company and have the ways and the ability to do so. 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?
As fiat merchants discover the benefits of using cryptocurrencies, I have no doubt cryptos will be a more preferred form of payment over fiat as we are seeing some of industries big companies ready to accept cryptocurrencies.
And as far as I can tell cryptocurrencies have more benefits that sellers will enjoy more than the buyers.
And as far as I can tell cryptocurrencies have more benefits that sellers will enjoy more than the buyers.
Bitcoin already IS an alternate payment option. It's being added to multiple payment systems like every day. Those who try it become impressed by the simplicity and fast speed of the whole process. It encourages more and more payment processors add bitcoin as an option. I believe soon we'll be able to pay for everything we need with bitcoin.
It is an option that's for sure. The only weak point of bitcoin as a payment option is its acceptance. It is an option you can use but every 1 per 100 stores will allow you to do it.
Maybe the question should be rephrased to when will bitcoin be a widely available payment option? The answer is nobody knows
Maybe in 2 years but maybe never. It can be a popular savings solution but never be a commonly used payment system. 
if a certain infrastructure is created, then Bitcoin can definitely be a real means to pay bills and to use them in everyday life. But it seems to me that Bitcoin’s volatility stands in the way of implementing this idea.
I own tokens from exchanges waiting to be sell for Ether or Bitcoins. Cryptocurrency if seen by other cooperate giants that it give them an urge over competitiors might adopt it as its payment methods.
Due to moving adoption I'm sure it will able to reach that one.It is already been used as an alternate payment option yet its been capable
on giving out payments with ease and directly p2p.Some companies already recognized that one but there are still lots of them do still hesitates.
on giving out payments with ease and directly p2p.Some companies already recognized that one but there are still lots of them do still hesitates.
Many stores everyear will adapt and accept a cryptocurrency to their payment option and even my country more stores accepting bitcoin and for sure other country too follow also like accepting the bitcoin or either the altcoins to the payment option for their stores. For the stores who accepts crypto they have advatanges because people who have crypto highly chance to try their service.
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?
In times like these, one can really see that cryptos are not very appropriate for small transactions. At least, Bitcoin definitely isn't. You buy 1 coffee in Starbucks for 3 dollars, and pay the same in fees, also waiting for half an hour for the transaction to receive the first confirmations? However, you are right about solid international money transfers. It is indeed very fast and cheap to send money in BTC in these cases. And there are banks that realize it and utilize this feature of blockchain already.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, of course, support the wider recognition of Bitcoin as payment in various areas, but we really need something for small transactions. At least, wider adoption of the Lightning network.
Bitcoin already IS an alternate payment option. It's being added to multiple payment systems like every day. Those who try it become impressed by the simplicity and fast speed of the whole process. It encourages more and more payment processors add bitcoin as an option. I believe soon we'll be able to pay for everything we need with bitcoin.
Bitcoin will get served as an alternate to the traditional fiat based payment. We've got more online stores providing gateway for payment with bitcoin and few other top altcoins. Based on the need the advancement is done by the giants, and Facebook entering the cryptocurrency network is an added support for the increasing use of cryptocurrency for all day to day needs. Stated in the Op, bitcoin transactions reduce the transaction fee and the transaction is done in a very short time period.
These days most of the firms that are accepting bitcoin for their services offline prefer to make the payment through an intermediary who serve to convert the bitcoin paid into fiat and give to the service render on small commissioning. This needs to change and direct dealings on bitcoin needs to increase.
These days most of the firms that are accepting bitcoin for their services offline prefer to make the payment through an intermediary who serve to convert the bitcoin paid into fiat and give to the service render on small commissioning. This needs to change and direct dealings on bitcoin needs to increase.
For us, people who likes and earn money with technology, cryptos are being used already
I pay a lot os services with cryptos, like servers, digital good and some services, it's incredible and very useful, because I can pay some guy on Europe without any other service, directly to the person and I just have have to pay a small fee in some coins like XMR, LTC etc
I pay a lot os services with cryptos, like servers, digital good and some services, it's incredible and very useful, because I can pay some guy on Europe without any other service, directly to the person and I just have have to pay a small fee in some coins like XMR, LTC etc
Yes, cryptocurrency has become an alternative payment option in some countries even though only a few stores can access alternative payments using cryptocurrency but that is one of the proofs of excellent development.
and lately there have been some news that I have heard that large or small traders have adopted bitcoin as an alternative payment option.
and lately there have been some news that I have heard that large or small traders have adopted bitcoin as an alternative payment option.
As a alternative payment options, I would say yes, but globally accepted? I think we need like 5-10 years before merchants will truly accept it in their stores whether online or off-line. LN might be a good solution, but then again, not all are still in the boat. A lot of them have qualms and doubts as whether they will accept Bitcoin or crypto in general.
But as crypto enthusiast, of course we dream that one day, it will generally be accepted, however, as I have said it might take years before it will be a reality.
But as crypto enthusiast, of course we dream that one day, it will generally be accepted, however, as I have said it might take years before it will be a reality.
As we are on modern age, we should take the advantages of cryptocurrency. Cryptocurrency as a payment method, it is really easy and fast. It will be much popular payment method. It will be easy to use for transaction.
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