Bitcoin Forum

I was just discussing this with a friend the other day about how mass adoption of crypto will have be as easy as a venmo request and payment to someone. Right now tech is quite clunky and seeing peoples' keys can be intimidating to any new comer. What do you think will happen?

Do we have any projects in the works that help with this currently? I know Elixxir is in the works to make a messaging and payments app but they are still in alpha. I could see Lightning Network creating some sort of app

I think the mass adoption can be made only if people will afford to buy crypto and hold, and shops with crypto, but indeed maybe lightning network can help because of speed of the transfer, and yes a smartphone will help because of portability.

I see lightning network as big deal especially with the recent event and news that says that amazon has started accepting btc as payment via lightening network i think this is very positive news and i hope dozens of big companies are going to follow this and it is vital step for adoption.

Well, in my country, cryptocurrency doesnt sound too much. But online transactions using fiat is preferable rather than using crypto. Its more even faster and its blazing fast.

I saw that Amazon is accepting btc now too which is rad. Would love to see a venmo payment sort of system so if elixxir is anything like that than I am hopeful

TON platform will be released very soon. this can greatly change the current position of the market and change the concept of blockchain technology and cryptocurrency

You can already use Lightning network for bitcoin with the use of blue wallet[1].

[1] https://bluewallet.io/
[1] https://bluewallet.io/lightning/

Is this the Telegram ICO? this was done since last year and they're not yet released after raising $15B for funding the project?

Mobile user's around the world are huge and if developers only create software based on any other than mobile it won't spread as wished, mobile wallets will make transactions easier and faster, it's one of the reasons I don't join projects with no mobile wallets or even try to promote them

The transaction time will not be a problem for crypto to be adopted by everyone,only the value changes stops people from using it as currency.Already lightning network for bitcoin launched on some wallets so the chances those project ideas get successful is less.

Elixxir is a beautiful project. In fact, they are already curious about the community, but it is too late. Today is the age of speed. Elixxir has been in development for a very long time.

There are different projects I know. For example, Zeux, although it has claims about the SCAM, nowadays the IEO is about to start. Let's see what happens.

I presume that, this times so many various developers are trying to increase the value of the value of a fast transaction not spared also on bitcoin transactions.

if refer to the bitcoin, a process that is circulating about this like the lightning bitcoin so own-nodes with all the existing nodes will look good mobile transaction needs

well I know developer as Elixxir, I was glancing its project they have currently holding a contribution on the network nodes and the stage of development.

That is why whatever one need to do and develop, one should be fast about it, probably they were thinking that they are the only ones with the idea, forgetting that whatever Idea they feel they have, someone somewhere also has it, just that they might not have the chance to execute it or know how to go about it the.

Now that we are in the age of competitions, we have lots of people also stealing people’s ideas, even if they cannot execute it, they use this idea to scam people and go, but I do hope that in the mist of these competition, elixirr will still stand out among them, they just need to put in more efforts because I really believe in them.

Of course it will be easy to be adopted by peoples if we just need to use our mobile phone to transact instantly.
But to achieve such technology, we need more security. Cryptocurrency fear many peoples who got scammed or hacked by others.
To gain quick adoption, we need fast, secure, with small transaction fee cryptocurrency coin in our gadget.

We know that studies are being carried out in this area. But I'm not sure if it can complete a large-scale transaction capacity.

Most things these new generation coins can offer are obtainable in cryptocurrency. Even with Coinbase as a third party payment platform, I pay for seo services online using bitcoin and ethereum. Although this can be improved on but I want the indiscriminate fraud in cryptocurrency to be reduced to barest minimum first before we talk about full adoption

These are the kind of projects that I expect to create mass adoption, projects that come with working products that will be of high demand, so I really see massive adoption of cryptocurrency when they eventually release the real version of whatever application they are developing.

We have millions of mobile users around the world, if the application can be tailored to cut across the entire world, then I believe there will be a mass adoption but if it is only limited to a particular region or country, there will also be adoption but it will be too low to have any effect that much as standalone in the marketcap of cryptocurrency.

I think you have the kind of thinking going through me.

However, the society has a role to play and it is already doing so because if the society don't adopt high level technologies that is already leading to digital society, cryptocurrency adoption is going no ware because it will all be strange.

I know Elixxir is slow to launch because they have been behind closed doors building a pretty promising product. I think with David Chaum's experience with Digicash and then analyzing what more needs to be done it will be what he envisioned back in the 80s but better

I believe that mass adoption in crypto will soon be an obligation and not just a choice, unless you don't want to be relevant in this time, a big crisis is coming to the economic world which is going to cause a lot of downfall in the economy of many countries of the world unless they can adopt crypto so quick, this crisis I am talking about will happen so quick, my biggest guess is that it would happen in 5 years from now, so let's get prepared for it.

There are many projects are working on instant payment options but that alone will not attract mass adoptions. Particularly it may take more time so that people slowly will understand and then stat using an all new payment system. Still, I agree mobile based instant transaction will encourage people to go for using cryptos for their daily needs.

Lightning Network looks promising but then, these technologies have to be made easier to help propagate fast adoption of crypto. Therefore I think the relevant crypto bodies and developers should focus more on mass education rather than launching coins daily

I think we are still waiting for the project that is going to have the most simple UX and ease of use. If Elixxir can pull off an entire app that can offer that to the masses then I think it has great potential

Users of smart phones are increasing every day globally and any project that can easily be accessed through mobile phones will go a long way in increasing the mass adoption of blockchain technology and cryptocurrency which will all crave for.

Many projects are working on fast and easy payment solutions.
It has to be user friendly to be excepted by ordinary people.
When big merchants start accepting crypto there is good chance for fast mass adoption of it.

I agree with you. I also think that there needs to be the element of ease and that would be an extension of having an app excursively on mobile devices. Similar to how wechat and venmo work which is exactly what Elixxir seems to be doing but put the two things people use the most. Payments and messaging.

The massive adoption of cryptocurrency has a big impact on its development. In our country, cryptocurrency is being used as a mode of payment but most people here still choose to use fiat over it. There are more convenient ways through mobile phone apps to transact but they still choose fiat as a national currency.

I think people choose to use fiat over crypto in most instances because of volatility. I can see why people might worry with large amounts of money but if we are paying each other in smaller amounts through a mobile app this might be more widely acceptable to transact with crypto

In my opinion, mass adoption should have some indicators before it happens. If people agree to shop with the crypto then it will be easy to accept the crypto payments by others.

I think mass adoption is more than just being able to make quick and easy payments.
There are already many countries that have companies that include crypto in point of sales methods (applepay, etc.)
For example, in China, you can add btc to your alipay or wechat account and pay with your phone.
Since basically every vendor in china has the point of sells, you can basically pay for anything using crypto.
Of course, it's still not practical since btc is so volatile.

But I think mainstream adoption is more about when companies use blockchain fully for the benefit of all.
Blockchain tech cuts out the need for middlemen entirely.
Any business can be more effectively run with it.

when this becomes standard and us, as a consumer can see full transparency, ease, and cost in price, that would be mainstream.

That is a great add and I can't help but agree with you. I agree that it will take these larger companies the implementation of blockchain on mass adoption because if it's already a part of the system people will have to opt in.

I have always said the same thing, if we can manage to have a worldwide app that would literally help us get more adoption easily but right now even the mobile apps for banks that allows you to pay with your mobile phone is getting a tiny traction so expecting the shops to accept bitcoin mobile payments is a bit off. First we need the mobile payments as a whole (not just crypto but all fiat too) to get more famous and as soon as that gets more famous we need to squeeze in our mobile payment apps as well which will make it easier for us.

First one out of the door always gets bloody even though they get the biggest market share, either one company will spend insane amount of money to become the first one and make it big or we are going to wait until banks do it for us first.

I actually understand your point of view.. Taking away all the technicality from the use of blockchain technology for perpetuating day to day activities will be a pivotal step in guaranteeing mass adoption but it's unfortunate that after 10 years the crypto space doesn't boast of any solution to this problem.. Aside from providing the simplicity of use by every Tom dick and Harry, I think establishing a reliable network of merchants ready to accept payment via cryptocurrencies is another factor most project have failed to consider.. The only solution I have seen so far to this is livenpay.. I hope they do well in the market..

But the problem is when crypto can be considered as stock. We must have a crypto that will be used as payment. Some people are understanding if crypto looks similar with asset or stock. that will be a bit difficult to change that opinion.

Electroneum has is a crypto that has an IOS and Android app that allows instead send/receive from one user to another, dunno if that helps.

Electroneum is planning for mass adoption.

Yes mass adoption is coming all over the world but we need more time as it is not so easy for the people to adopt in this kind of technology. If you are reading news, there are so many bitcoin ATMs out there and bitcoin used as a payment in stores using lightning network which is very awesome step towards mass adoption.

I think the foundations of a massive adoption is already in the works right now and they will become an integral part on the crypto revolution! Such advances in mobile communications technologies like 5G networks, high performance cellular phones and high speed wireless networks and recent developments in blockchain technology including hardware and the emergence of crypto projects with viable use cases could hasten crypto adoption since it could enable ordinary people to tap blockchain networks easily and efficiently.

Elixxir is a project that has kept people waiting and waiting but its development has been in a slow pace. Making quick and easy for payments alone can't be considered as mass adoption. Mass adoption surpasses that and mass adoption comes into play when big companies and industries start using blockchain for the benefit of all.

I believe that the introduction of such a technology into the masses will not give good results from the very beginning and the fact that the technology is still damp and requires upgrading and testing for hacker attacks and the like only after that it will be possible to talk about the introduction into the masses.

I think fairly good  transaction speed already takes place. Though not all  bitcoin transactions are very fast, transactions still take place nicely on Peer-to-peer level via mobile wallets.
Instant transactions will probably be  mostly needed for buying on physical market with bitcoin. Online buyers and sellers don't worry too much about that.

One of the easiest ways that i had always thought we could easily reach mass adoption, is for the projects that come to the crypto space to have viable products that will be useful to humanity, her environment and online things as well.
Investors are looking for projects that will bring value to the coins they have invested in. Most times , they are not just investing by buying the coin to expect a pump at the end of the day, but for the product to be useful for all.

It just hard to predict when it will happen, maybe a good news can inform us about the future mass adoption. We are all using a mobile phone so i guess, having a faster mobile transactions will give confidence for us to adopt and it can also attract businesses to accept cryptocurrency.

Mass adoptation of cryptocurrency is only a matter of time. For 10 years, the audience of cryptocurrency and in particular Bitcoin has seriously increased. Many people have not only heard about Bitcoin, but also have experience using one or another cryptocurrency.
As for information about cryptocurrency, then any modern Internet user at least once, but heard about the existence of cryptocurrency.

I believe that the use of the mobile phone to carry out instant transactions would not help too much the massive adoption of cryptocurrencies, because the vast majority of people use the mobile for communication and entertainment purposes, not to carry out their financial transactions. In fact, there are already banking applications capable of doing this, and yet its use is not widespread.

But perhaps the acceptance of the banks to carry out transactions with cryptocurrencies could be more useful in that sense, as well as the use of simple platforms to make minority purchases in neighborhood stores and department stores.

For mass adoption we need fast and secure transactions on easy and convenient way.
It has to be designed for ordinary people and not for tech people. Many project are
working on such solutions and I am sure there will find solutions.

not really, in my opinion mass adoption is a real use not for investments such as payments, transfers between countries or whatever. crypto is projected to destroy the boundaries that have existed because of traditional methods. so there is no need for instant transactions, because whatever type of use it is as long as it is used by everyone, it includes mass adoption.

I think instant transaction needed if we want mass adoption. Visa and MasterCard processing transaction more than 24k per second and if want to disrupt Visa and MasterCard, i think crypto transaction per second should be more than both. Merchant will more comfort if the transacion processes more faster

If you think about it from a user's perspective I think there are different use cases who will want specific details. For the general consumer scalability will be key but in the interest of the crypto community people will want privacy especailly on their mobile device. that's why I believe this project to be promising because it obscures metadata for both payments and messaging

I think safety is more important than convenience. If the changes that you want to appear to not affect the security of cryptocurrency, then these changes can be implemented.

We have here on our country that we called, coins, coins pro, and abra. These application let us utilize the cryptocurrencies that we have and to allow us to use it on different transaction such as paying a friend, paying bills, buying items and etc. I hope this apps should be widely adopted further soon on the market.

You check on Telcoin as they are now testing the wallet. You can send Telcoin tokens using your mobile number. It's really cool and knowing that you can send a token like text messages. And in the next two years we will only be using our mobile phone to pay our goods and bills, with no fiat involved.

Only ignorance and unwillingness to understand the whole system looks frightening, but without knowledge we cannot move on. Many adhere to the principles and prefer to use the old, well-established methods of working with financial markets, but this is not correct. We have to go ahead.

Mass adoptation would surely happen but we need to give time to the rest of the world who are still facing strong antagonism from governments in their respective countries. Without the support of major countries with strong economy, mass adoption would really delay for sometime.

I want to see a quick payments mobile app be super successful especially one that says they will provide extra privacy like elixxir

I think you better take the safety and benefits that you can get, because there are a number of methods they prefer to be uncomfortable but can get a lot of profits and can stay safe, most of them prefer such methods to grow their assets.

For instant transactions through mobile, you can use DeepOnion android app if you are talking about any coin. However, for btc, it's yet not possible as far as I know.

Actually, crypto mass adoption isn't only about millisecond transactions. It's about DApp usage and other platform usage. Have you asked yourself why volume of Bitcoin can reduce even at a higher price value, that's because at that moment, the buy/sell pressures weren't around. In the same way, should many people adopt cryptos, the initial days will be troublesome for us but with time that pressure will reduce and it wouldn't be much focused on millisecond price transactions. I mean, adoption isn't only about money transfers. Crypto is a world on its own and not just a financial venture.

We still need to make it as safe as possible, and now you can use mobile wallets to make transactions.

It is true that this type of technology could be very useful, but it is not the main key to a massive adoption. Above all, people have not come too close to cryptocurrencies because of their ignorance of how they work, the advantages that could bring them in their daily life, and because in most communities there are not too many options to use them in our daily expenses.

Once we advance in overcoming these serious problems we could then begin to implement technologies to facilitate their use, but in the face of low demand I think that this type of solution can still wait.

Faster mobile transactions in only one of the requirments of mass adoption and scalability. But the issue that we.need to resolve first is the transaction time of most platforms. Even there's the presence of great mobile apps, but the transaction is very slow in the main platform, that is still a problem. Better to improve the platforms and blockchains to have a smooth processing.

As you know in coming days new technologies adoption is very fast and growing day by day, so you know whats up also introduced BTC and altcoins messing payment system .

I love the title. And completely agree with it.
We won't see mass adoption, until crypto is easily and fully used in mobile.
Computers are for geeks. The masses have their noses in their smartphones, wasting their time all day long with stupid cats, games, pics, etc. Crypto should go there for mass adoption.

Mass adoption is definitely going to happen.
Indeed, one of the easiest ways to get people into the cryprosphere is with ease of operations.
With useful apps (https://www.ecomi.com/?utm_source=ecomilx) being developed by projects with focus (Such as the ECOMI project), the blockchain will be seamlessly introduced to the masses and it'll be adopted with less hurdles.

Starting with your title, mass adoption will set in if there will be instant transactions. It won't make sense paying for a goods while waiting hours for the transaction to get confirmed. Although mass adoption is gradually taking place, but with improvement in blockchain networks as well as ease of use there will be massive adoption.

Now there are many applications through which you can use your wallets through the phone. Yes, it is convenient, but for a narrow circle of people who are long in the industry and understand the payment systems. For the General popularization of the crypto currency, there is not enough much attention.

for the mass adoption of cryptocurrency, we need adoption of cryptocurrency as a payment instrument at the government level and permission to use it is necessary

I know one thing, before there was only Fiat money, and then there was a cashless payment and now it is impossible to imagine life without it. Cryptocurrency payments are the future, it just takes some time for the world to accept this fact.

Only they are still not reliable. The mere fact that when you pay you can not return the money makes this method of payment is not valid today. One mistake and your money on the air did not click there and the hackers opened the wallet. I still do not see this as a future.

I think instant payment system will make crypto more centralised. Which is definately not the aim of crypto currencies. In my country there are many options to pay instantly online by justing using a mobile phone. But they all are somewhere connected to the banks and centralised systems. If another centralised system is used, why would people use the newer ones instead of old ones?

Yes, that's right ease of use and convinence while carrying out transactions is one of the things needed for mass adoption to take place. This is because most blockchain projects are complex and might not be user friendly for the common man. Another point or factor is ensuring there is faster confirmation of transactions.

Quick and simple payment transactions are on the horizon with Facebook's upcoming stablecoin project GlobalCoin which should remove some of the usability obstacles faced by cryptocurrencies and create new use cases that can advance the adoption of these types of technologies and support by mobile manufacturers like Samsung, HTC and in future possibly Apple too will increase their proliferation worldwide exponentially

Libra could do it but Libra is going to be illegal in some countries. But if Libra really is developed as a cryptocurrency, no ban would restrict it.
Lightning network is also a solution. With just one satoshi fees, people would transact small amounts for buying.
It's really difficult for new projects to succeed as they are many but with very low credibility.

Libra is one of those anticipated project that will cater this kind of transactions, if this coin will really get the supports of many businesses and government
from each side of the world it can be used as payment gateway, crypto industry will see the benefits and also the negative side after this coin start facilitating and being used around.

Maybe for now it's considered illegal due to it wasn't yet endorsed properly to the public to become more popular. Let's wait for further developments coming for Libra in the upcoming days, for sure there will be a massive adoption once every circumstances will be eliminated with regards to how it has been appreciated by other groups. If this coin will gain credibility, I believed success can be acquired even if this is a new coin.