Bitcoin Forum

Hey guys,

We all know that crypto is now largely an investment asset, but as the development and mass adoption, crypto is also increasingly becoming a way to pay for goods and services directly. Share please your experience of the direct crypto spending, in your city. If you spend, then where and what do you usually buy or order, in particular in physical stores or other establishments? If not, then what would you possibly like?

I'm Dether deep-contributor and your answers can help my research and the subsequent development of this ecosystemly decentralized p2p\b2p exchange. Dether, which supports by Consensys, recently launched the first dapp beta release for Shops http://shop.dether.io (the release for People will be before the end of April). Almost any offline business in any country can easily be listed on Dether map and soon they will be able to receive crypto as payments for their goods and services, as well as to make a crypto-cash exchange, which can become an additional income for the business. Whether it's a local food or tech shop, a cafe, a foodtruck on the beach or even a nightclub. If you would like to spend your crypto in your favorite places in your city, but they don’t yet accept it - just show them Dether dapp ::)

News by Dether from 04/18
https://medium.com/@DETHER/makerdao-and-dether-partner-to-bring-stablecoin-dai-to-mobile-atms-around-the-world-f74247a3a249 (https://medium.com/@DETHER/makerdao-and-dether-partner-to-bring-stablecoin-dai-to-mobile-atms-around-the-world-f74247a3a249)
"Dether is joining forces with MakerDAO to bring the value of stable tokens to everyone in the world.
With the DAI on Dether,  shop owners have the possibility to automatically switch from cryptocurrency to a stable coin.
Dether tellers will be able to sell stable tokens directly.
Less volatility = more sustainability."

Cryptocurrency is not allowed to trade and use it in Jordan , thats why if we want to use the crypto currency we can trade on it or use it through international wallets accounts.

So far the closest place where I can spend my bitcoin is some restourant but it is far from me, in another city so I nver really went there to try it. But as you mentioned this now, I might look when I have free time to get the feeling about spending crypto not only online. Nice idea to have them all in one place on dether hmmm

As of now, in many countries including in my country bitcoins are not accepted to buy anything either online or directly from shops also so if I need some funds then I will convert it into fiat and then use that money to buy things. Still, long way to go to see Bitcoins and other cryptos can use directly to purchase something. Earlier lot of debit cards was there to convert bitcoins to cash from any ATM's but now many of those cards are not working so it is a bit hard to convert to fiat now but still possible.

I can buy crypto in an atm and that's about it.

Thank you for sharing this. Well, I hope that Jordan will eventually become more loyal to crypto :)

in my city there are not really the places the spend bitcoin. I am still waiting for that to happen, but main problem is the volatility. While companies are suing services like bitpay, it makes really no difference.

In my country Bitcoin and others cryptocurrency not regulated yet but here many online stores and cafe accepted cryptocurrency, i has been spend crypto for buy some food in restaurant and and also voucher game in online store. Though not regulate yet, many people here interesting to have crypto as investment and for buy good and service.

Apparently you are a real crypto enthusiast once decided on such a test. That's cool. Thank you for sharing. It would be interesting to know what country you are talking about and how many km did you have to go to those restaurant? :D And yes, on Dether map you will see everyone around you who accepts or exchanges crypto using cash, but this requires that they appear there.  Now the map has more than 1200 shops around the world ::)

The digital money world is very excited and people are constantly curious. I spent a lot of time in general. The total amount of money I spent in this market was about 4 months.

There are many cryptoenthusiasts, or miners, so just need to ask people how they wanna get payed. If the discont is 10+% from exchange, then it is possible. Not often, but still

In my city, I can not spend anywhere on crypto currency. Basically, I use it in calculations with the same owners of crypto currency.

In my opinion, cases of direct exchange of crypto currency for goods and services are very rare. And in order to spend crypto it is necessary to exchange it for fiat money.

Using cryptocurrency is forbidden in my country. So, where or on what I spend, I don't know because I don't use for transaction or buying something.

In my country the government still has not legalized the bitcoin so I spent my crypto by exchanging the coin first with the currency in my country then I can spend the good crypto to buy the economy needs, pay all the bills both electricity and water, pay the bank deposit and so forth...

Personally, I do not spend coins now, only hoarding. And unfortunately there is no possibility yet in my city to use cryptocurrency to pay for anything.

Well I'm not really spending it on anything in my city, since currently, I'm just holding it for the long term.

Rather not cash out any time soon

Thank you for your feedback! Well, it seems to me in such conditions it's time for decentralized p2p exchanges and this is what, for example, Dether is including, allowing to buy and sell crypto using cash through a friendly mobile interface with a rating system of sellers, which minimizes security risks :)

It's bound to happen, you can even speed it up ;)

in our city there are no spheres that accept the crypt. But in neighboring cities you can cut your beard for bitcoin =)

There is just a single cafe that accepts crypto in my hometown. Hope, there will be way more some day.

Here in my country, I can do like paying goods, bills and buying prepaid loads with Bitcoin but just recently, Ethereum as mode of payment was already added and that a pretty good and convenient way of doing a lot of transactions anywhere in the world without hassle. I was really happy since my country is one of those that supports cryptocurrency. There is no restrictions though we need to follow the rules and regulations implemented by the government to use the said services. Japan is one of the best country that fully supports cryptocurrency since Bitcoin is widely used in there most especially in some department stores or any stablishments that accepts Bitcoin as mode of payment.

Nothing for now in my city as technology isn't yet far that advanced in my city, least for my country. When using cryptos is more of like a gateway to getting the fiat cash on profits. Cryptos aren't yet considered like a money or profit because of the price that varies as time goes. If talking about how indirectly I spent my cryptos in my city, I spend them like how I usually spend my money in my daily expenses. Transportations, foods, and all sorts of basics expenses in our lives. I was hoping that cryptos would soon be recognized as a money so I wouldn't be so hassle in getting my investment out of my wallet.

In my city, I have not met places where you can pay with cryptocurrency. But I heard that there was some bar where the opportunity is.

Hey, thanks for sharing your case. Could you also share how exactly did you pay for your order in the restaurant?

Hi where i live there is  no big hype on crypto, only the young people use it so there is no place to spend the crypto like a shop or restaurant . But we change it to fiat and spend it ;)

at the beginning of 2017 in my country many stores and hotels receive payments using bitcoin but by the end of 2017 governments in my country banned bitcoin as a legitimate means of payment so many shops and hotels using bitcoin payouts are closed.now there is no place to receive bitcoin for fear of government

But considering the development of the market as a whole, this will definitely happen more often ;)

Hey, you can try to involve some business in your city to take crypto first ;D and if using Dether dapp the business can also become a point of exchange, which can bring in additional income.

I am from India and there is no single store in my state which accepts the bitcoin. There is no way I can spend money in the form of BTC in my region. Unfortunately the current situation of the India will create fearsome behaviour everywhere as the RBI makes statement of banning the BTC in first place. Thus whatever chance was there to implement this new system has got stolen itself! Now we can just trade it with the fiat currency and then make use of it. This trade also happens in between friends and family so there is no any good news from Indian side mate. All the best to your research anyway.

Hey. Thank you for sharing this detailed info from India, it will be useful for my work. I heard that many even signed a petition against the prohibition of crypto. Well, I hope the situation will stabilize. Perhaps banks will block the possibility of buying, but this will most likely lead to the active use and development of decentralized p2p exchanges, such as Dether. Well, hold the position ;)

I don't have one in town yet. But in the country we have several shops and restaurants. They accept payment in cryptocurrency.
 Think in this year to visit their :)

In my city there are also no shops that directly consume a coin. So I still need to trade it. But it also shows that the digital world has enormous potential.

Australia, actually used btc as payment for a $50 dinner the other night. Wanted to try it- fee was $1. I thought I might as well use it for something. The owner only had three people use it in the past so it was pretty novel. I'm waiting for companies such as Darico.io to develop debit cards to use instead. Times are changing

I've not used crypto to buy anything. It's purely for investment purposes at the moment however if a convenient travel wallet and enough places were to start taking it i could see it as a great travel payment option while overseas.

Go Green!

Yesterday's news by Dether:
https://medium.com/@DETHER/makerdao-and-dether-partner-to-bring-stablecoin-dai-to-mobile-atms-around-the-world-f74247a3a249 (https://medium.com/@DETHER/makerdao-and-dether-partner-to-bring-stablecoin-dai-to-mobile-atms-around-the-world-f74247a3a249)

"Dether is joining forces with MakerDAO to bring the value of stable tokens to everyone in the world.
With the DAI on Dether,  shop owners have the possibility to automatically switch from cryptocurrency to a stable coin.
Dether tellers will be able to sell stable tokens directly.
Less volatility = more sustainability"

In the Philippines, some of the stores and restaurant accept bitcoin as payment and not other crypto. Drivers of Grab are accepting some coins, usually LITECOIN, they accept that payment instead of cash. I'm an employee of Grab and I know the system do not accept crypto as payment but we are not implementing to drivers to accept crypto, it's their choice to do that.

Don't forget to show them Dether dapp, maybe it will be more profitable and convenient for them and for you as a customer too ;)

Thank you for sharing your Australian experience. Times have really changed ;)

It's not yet regulated in my country

Thanks for the feedback. Personally for me, it is also especially relevant in the context of traveling. Well, let's contribute to the filling of this Dether world crypto map http://shop.dether.io/ (http://shop.dether.io/) and we will be able to more and more often use crypto as payment for goods and services during our travel around the world :)

Unfortunately, the use of cryptocurrency in my country is not very common. For that reason I can not say I bought services or products with cryptocurrency except internet environment. Certain leading construction firms have announced that they will accept payments with Bitcoin, but it was not possible to use them because there were not so many investment or money in my account. On the Internet, I can say that I use it for various services.
Country I'm living in: Turkish Republic of Northern Cyprus

Well, since Playkey (cloud gaming provider) are soon will accept their tokens as payment to subscription and their headquarters are in my city, that would mean I can spend crypto in my city  :)

Thank you for sharing information in your country! This is useful for my work. As far as I know, in Turkey, crypto is developing quite actively. I think soon more and more local businesses will be involved in this and will accept crypto as a payment for goods and services, especially the barrier is reduced with the use of stable coins, such as MakerDAO. By the way, Dether recently announced an official partnership with them. This will allow shops not to worry because of the large volatility of crypto and more confident to accept crypto using usable and decentralized app like Dether :)

Fortunately, in my country, in Ukraine it is not forbidden to use cryptocurrencies, but there are still very few places where it can be spent. I often pay cryptocurrency at several restaurants in the city where I live. And I buy e-books, accessories for phone, computer, etc. from time to time in online stores, but it's still too early to talk about the full distribution of cryptocurrencies, but positive changes are noticeable.

I see the highest reflection of the increase in the crypto money world in my country. This value is 4 quadrant. You can choose our country to cash your crypt money.