Well in some part of the world ecosystem, cryptocurrencies are the preferred option for payment of goods and services but for mainstream use of cryptocurrencies as alternate payment option, its gonna take a long time. The decentralized nature of cryptocurrencies is the main reason behind the delay in the adaptation of it as an alternate payment option in the mainstream financial transactions.
Other countries have used bitcoin as a payment option because the government had legalized it and had made specific regulations about it. If bitcoin will be given a chance by our own government here in my country, hopefully more merchants will be open to accept bitcoin as another payment system and bitcoin holders will now feel convenient to use their bitcoins to purchase important items.
Topic: Will cryptocurrency soon be an alternate payment option? - page 8. (Read 7127 times)
Well in some part of the world ecosystem, cryptocurrencies are the preferred option for payment of goods and services but for mainstream use of cryptocurrencies as alternate payment option, its gonna take a long time. The decentralized nature of cryptocurrencies is the main reason behind the delay in the adaptation of it as an alternate payment option in the mainstream financial transactions.
Other countries have used bitcoin as a payment option because the government had legalized it and had made specific regulations about it. If bitcoin will be given a chance by our own government here in my country, hopefully more merchants will be open to accept bitcoin as another payment system and bitcoin holders will now feel convenient to use their bitcoins to purchase important items.
Some countries already have regulations on crypto, so in the developed world the crypto becomes legitimate. Even like Japan that Bitcoin is already used for the purchase of goods. This will certainly continue to be developed because this crypto has a technology that can facilitate all selling tracers and bells.
Huge demand and acceptance make Bitcoin a price to continue to surge. So Bitcoin is very popular, and various breakthroughs about Bitcoin will continue to be developed, including for online shopping payments.
Huge demand and acceptance make Bitcoin a price to continue to surge. So Bitcoin is very popular, and various breakthroughs about Bitcoin will continue to be developed, including for online shopping payments.
Yes and on some platform cryptocurrency is used as payment 💸 but only that not all platforms have accepted using cryptocurrency as an alternative payment option due to its unstable nature in the price because the price you see now might not be the price you see later on it might either rise or drop
Well in some part of the world ecosystem, cryptocurrencies are the preferred option for payment of goods and services but for mainstream use of cryptocurrencies as alternate payment option, its gonna take a long time. The decentralized nature of cryptocurrencies is the main reason behind the delay in the adaptation of it as an alternate payment option in the mainstream financial transactions.
The biggest pro of bitcoin is the cross border payment capabilities compared to traditional ones, but i dont see how it will be a game changer for most of the wealthy people . I mean a lot of wealth is concentrated in regions which do not need those payments, I see that those cross border payments are needed for large txs not for every day users.
But i see that alternate payment options is coming ( cryptos) , will it be popular enough, we will see.
But i see that alternate payment options is coming ( cryptos) , will it be popular enough, we will see.
I own a lot of crypto but never use it as a payment option
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 some countries that have legalized cryptocurrency, it is already be an alternate payment option. Like you say, Starbucks, Nordstrom, Whole Foods, and AT&T and many other companies accept cryptocurrency as a payment option. But to make cryptocurrency be an alternate payment in various countries i think not very soon. Because according to me personally if cryptocurrency in a country is not yet legal, it will be a little difficult to accept crypto as an alternate payment method. But personally, I hope this payment method will be implemented soon in my country 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?
Crypto is already an alternative for the classical payment options. There are already a lots of merchants that accept Bitcoin.
What crypto needs is mass adoption but this process will take years.
the process can be fast or slow but sureWhat crypto needs is mass adoption but this process will take years.
one of the factors that will certainly haunt the development of cryptocurrency to get mass adoption is the recognition of the government regarding regulation
and the settings regarding digital currencies that are not clear because even then some people will definitely think cryptocurency like money games
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.
Yes, many companies will accept bitcoin as payment methods because this giant or well- known company accept it so it means that the small company will follow their footsteps. There are some many opportunities that bitcoin can make and these payment methods are one of the best of bitcoin's capability. 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.
Excess cryptocurrency is for payment as you say. The thriving Cryptocurrency will definitely have a new breakthrough to develop digital assets.
In addition, the crypto price of this coin is always changing and you will have more profit if the price rises. I am convinced that in some countries will develop this crypto for payment such as Hotel and online shopping payments.
In addition, the crypto price of this coin is always changing and you will have more profit if the price rises. I am convinced that in some countries will develop this crypto for payment such as Hotel and online shopping payments.
Cryptocurrency is being adopted by some establishments but it is definitely not ready for mainstream adoption December 2017 to February 2018 is proof of that. As the next market rally begins, I hope history doesn't repeat itself in the form if astronomical charges and delayed transactions. I really don't think is ready for full scale adoption as an alternative means of payment yet.
Lol cryptocurrency will be the next payment to be use and not as an option,while those big company is starting to adopt crypto as payments the world also is starting to accept cryptocurrency in their daily living just like us cryptonians people will son realize that we can make every transaction fast and easy with the help of cryptocurrency and specially bitcoin
I know that the transactions are getting high and higher but I don't think the "world" is starting to accept it as you've said. I can say that since I am from a province that is not really interested in these kinds of technologies. They are fond or used to what they are now and if we will be talking about fast and easy transactions? They still choose online and mobile payments than crypto currencies.
your from a province but people on those place know how to use mobile payment ? thats cool and i believe that theres always a posibility that they will find crypto payments more better because cryptos can offer something new that you can find on older payment methods .cryptos is only there available as an alternative medium and wont replace anything because cryptos still have its own disadvantages .
Lol cryptocurrency will be the next payment to be use and not as an option,while those big company is starting to adopt crypto as payments the world also is starting to accept cryptocurrency in their daily living just like us cryptonians people will son realize that we can make every transaction fast and easy with the help of cryptocurrency and specially bitcoin
I know that the transactions are getting high and higher but I don't think the "world" is starting to accept it as you've said. I can say that since I am from a province that is not really interested in these kinds of technologies. They are fond or used to what they are now and if we will be talking about fast and easy transactions? They still choose online and mobile payments than crypto currencies.
Lol cryptocurrency will be the next payment to be use and not as an option,while those big company is starting to adopt crypto as payments the world also is starting to accept cryptocurrency in their daily living just like us cryptonians people will son realize that we can make every transaction fast and easy with the help of cryptocurrency and specially bitcoin
We hope that cryptocurrency can be used as payment in the future but I think it will not be easy because people who oppose the use of crypto are dominated by the government of a country. For now, crypto payment is an alternative option to compete with fiat money as time goes by, cryptocurrency will be accepted in several countries.
I believe so - Cryptos will become more and more accepted as currency and payment options. I believe banks and companies will begin to create their own blockchain solutions to keep being in control while doing instant transfers whenever needed, and eventually, there will be some kind of regulations.
/Jonas,
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/Jonas,
https://streamingonline.dk/
Lol cryptocurrency will be the next payment to be use and not as an option,while those big company is starting to adopt crypto as payments the world also is starting to accept cryptocurrency in their daily living just like us cryptonians people will son realize that we can make every transaction fast and easy with the help of cryptocurrency and specially bitcoin
once after Facebook coming up with Libra coins many big multi national companies to comeing up with their own coin which is positive sign for crypto currency industry where most of the coins are in initial stage of development which makes crypto currency get new brand to attract more market capitalization
It won't be a payment option any time soon. Why? Because Starbucks, etc do not want to hold Btc (or any other coin) rather than USD. It would be some payment processor that does that, and no one wants to give away money in exchange for bitcoin if the value is going to go up and down like it does. You could be rich one month and bankrupt the next.
There some merchant on amazon which already receives cryptocurrency as their terms of payment. With that been said, cryptocurrency(BTC) has been used as an alternative payment option in some crypto friendly countries where bitcoin was already legalized and what we need now is more country to join the queue.
Crypto adoption is real! and Philippines is continuously working on it 
. There are already few businesses and services here in our country which are now accepting btc payments. If you like going to bars and enjoy the night life, Punta Mandala is the best for you; if you like to travel, Pinoy Travel was there etc. I'm just hoping that our crypto community grows even further by means of establishing even more businesses which accepts btc and also more investors starting to buy bitcoin. Jump to: