Bitcoin Forum

One advantage of stablecoins is price stability. Merchants don't have to worry about price volatility when transacting in stablecoins. In the past and present, there have been a handful of projects proposing issuing altcoins (non-stablecoins) that will lead the future of crypto payment. What's the fate of such projects, will there ever be considered viable?

It should be stable coin to make sure you will not lose your profit from selling your product. It's not a big problem if you wanna accept altcoin as long as you can deal with the volatility. Sometimes your profit will be less due to the volatility while the opposite thing can happen to you too.

The answer is stable coin, zero lost to volatility of course unlike other crypto coins, dealing with volatility is not something every one can do but it will be better to mix them up, something that alchemypay is introducing, you can use BUSD, Bitcoin, Ethereum, BNB, etc to pay for hotel rents, vendors, stores, taxi fee etc

Most of the aforementioned project that want intended creating crypto for payments are today dead. This is because of market volatility and relative low merchant that will accept them compare already existing coin such as Bitcoin and Ethereum that are relatively better. Stablecoin could be better choice for you but for me, I see no difference in paying using stablecoin and fiat. However, with what I have learnt from the previous post I created about stablecoin, it is very risky to keep holding stablecoin

What are the projects? Would they solve the problem of high volatility or something? And how do they plan to solve it?
Well decentralized/good stablecoin backed by safe and more stable fiat currencies should be more ok for "merchant crypto payments". They are better for such payments though due to their level of stability while the established cryptos like Bitcoin are better for long-term store of value and ok for merchants crypto payments.
I think I would combine both during payments until we eventually have a better deflationary crypto with moderate volatility.

You have stated rightly that stable coin do have price stability. But does it not interest you that merchants online or offline do not worry nor ask for payment in stable coins.
Rather they request payment in Bitcoin, Litecoin and Etherum amongst few platforms i have come across.

We cannot consider or judge fate of other projects, because an altcoins growth is not dependent on them been listed on a crypto merchant payment webpage.

Bitcoin is the most accepted cryptocurrency by most merchant. It's easier this time because there are services like bitpay which the merchants don't have to think of that much volatility. They can quickly receive the amount converted into the certain amount that they're asking.
At the end of it, this is still the decision of the merchant whichever crypto they're viable and willing to accept. They can accept several altcoins and stablecoins as they want it but I'm sure that most of them will take bitcoin for personal reasons.

Stable coins are altcoins. They are not bitcoin and there are risks that stable coins in your wallets can be frozen by governments. About merchant crypto payments, I think they should integrate different payment methods as many altcoins (includes stable coins) as possible.

Both are suitable for merchants crypto payment, serious merchants must accept more than a single crypto coin since we have many very good coins, depending on what coin people have or own in their wallets it's good for merchants to allow more than five coins as means of payment

For merchants definitely stablecoins make sense because these traders and retailers want to see stability and fix amount while receiving payments only merchants or traders that have good insight about crypto accept or want to accept cryptos because they know that in future the value will grow and hence their profit but it is ok if the majority wants to use stablecoins, they should be provided with that option if that helps adoption.

for payment purpose stable-coins are better option, since their value is changing a little and you could not use volatile coins for merchants purpose, due to changes in price that can ruin your profit

Stablecoin of course, a merchant will not find altcoins as suitable because of its high volatility. Unlike in stablecoins, he will never need to worry or to think about its price. A merchant won't be a merchant if he knows that he won't make a nice profit.

Most of promises are there in paper only, they never got accomplished. However, stablecoin isn't a good choice because they are centralized and they have none of value in reality. Bitpay support ETH and that can be a good choice in my opinion if any merchant is looking for accepting altcoin. By the way, why not bitcoin?

I do agree with your statement but I can say altcoin can't be fully used as a payment solution except for coins with the higher scalability to make sure the merchants will not lose their money and the tx must be done instantly.
The stable coin was offering a better advantage than altcoins. Mostly altcoins act as security coins too.

It depends on what kind of business are you running. If it's a legitimate by-the-book business, then a stablecoin would make more sense, but if you are peddling weed on the darknet, you would want an altcoin with strong privacy features, because stablecoins are quite centralized and could demand KYC from you and freeze your address. And some types of businesses might benefit from smart contracts, so they could use an altcoin like Ethereum.

Stablecoin means no volatility.

Stablecoin was invented to help traders safeguard their investment from the volatility of the crypto market. They are best way to reduce the dollar value of your portfolio by investing in them when in a bear market.

I do not recommend you investing in them as you will never see an increase in the dollar value of your portfolio.

We have which is stable and issued by the government itself why any merchant have to accept stable coin as their payment over fiat currencies.Stable coins is just the blockchain fiat money but still it is centralized and losses its value due to inflation.

Stablecoins are usually tokens that are built on the Ethereum or Tron network. So they are dependent on the main coin and its blockchain - especially on the network security, scalability, fees, and transaction speeds. I just would like to say, that you simply can´t use stablecoins without the altcoin and its blockchain for now. There is no stablecoin that uses its own blockchain and probably that's good because it is much easier for the users, to hold them on one Ethereum wallet.

Basically, it is one's own personal choice that which type of payments to accept, even in the real world of today we see many retailers still donot accept cards and they do not bother installing pos device, similarly, in case of crypto some retailers will like to accept crypto coins while some will want to be paid in stablecoins but in my opinion both crypto and stablecoin options will in the end help adoption and will have a net positive effect on crypto market.

only stable coins can maintain the value of your investment both for trade and investment. Stable coins are often used for trading because the value is fixed, in contrast to other altcoins, sometimes the price changes every time or unexpected. if for payment I think stable coins are suitable for trading.

Stablecoins are pretty handy, and the fact that Stakenet (XSN) is a cross chain compatible via the Lightning Network, means that anywhere where BTC Lightning Transactions is accepted as means of payment, means XSN is automatically accepted.
Same goes for stable coins, with USDT support, you can cross chain swap XSN for USDT over Lightning instantly.

Stakenet is unique, as it benefits and enhances the whole BTC network, unlike other projects trying to be "the better BTC"

Stable coins are not subject to price volatility. They can only actually fall in price due to the inflation of the common currencies that they are provided with. However, stable coins also cannot make a profit to their holders, in contrast to a decentralized cryptocurrency. Therefore, cryptocurrency and stable coins have their advantages and disadvantages, which you need to learn how to use correctly.
Altcoins, like securities, can and should be profitable. However, as with stocks of enterprises, this profit depends on many factors.

Stablecoins are more suitable for payments for goods and services due to the lack of volatility. Traders also use them to save their earned profit. It is because of the high demand for stablecoins that new ones appear, which are issued by almost all exchanges.

I am not concern about how they are built, I am however concerned about merchant choice and perception of the two cryptocurrencies

What the OP meant is the alternative coins which is volatile apart from stable coins that would also fall from altcoins.

With merchant payments, I guess we are more going to see stable coins on the table simply because they are stable, spending a volatile asset is very risky especially on large quantity it might just give you a future lost that you might regret. However, I don't see any altcoins being adopted by the companies/merchants aside from ethereum and Bitcoin although there are shops that is accepting different crypto and most of them are the devs of that cryptocurrency.

Stable coins are going to swallow most of these Altcoins, some of them have no reasons to exit because they have no real usecase. We all saw Tether move pass Ripple into number three and I expect the growth to continue to increase.

If merchants do consider out on receiving stable coins then they wont surely bother and would just simply stick out into the traditional fiat scenario.

Why would they accept it out if it would really be just the same when dealing with fiat?I cant deny the advantage of stablecoins which is indeed true

but there are other merchants do really accept the risk on receiving alts or btc itself due into its potential value in the future.

Of course stablecoins is more suitable for merchant payments, because the price is not volatile. So it doesn't harm the merchants owners,
because if you receive a crypto payment and the price is volatile the value of crypto that is owned can go down if the price suddenly drops.
This does not happen with stablecoins. And also with stablecoins government can be more receptive because of centralization.

I believe that stablecoin is one solution for all those merchants that want to accept crypto as one of their payment methods. Their major prob is volatility why most of them are hesitant to include crypto or btc in their payment system. So utilizing the stablecoin platform, the price margin should be very small as we are talking being stable. But they should select an established and trusted stablecoin in the market. Now, their second worry to look at is transaction speed as well as fee.

Paper currency is the most stable currency that does not know sharp fluctuations from time to time, but the cryptocurrency as we have all seen is more volatile since its inception. That is why I do not think that crypto will be a solution for merchants who accept payment in digital currency. You can only benefit from investing in digital currency.

I will start by saying something towards the title; any coin apart from Bitcoin is known as an altcoin that is to say, stablecoins are still altcoins, but a different type of altcoin though. Nevertheless, you are right about stablecoins, by using them for whatsoever venture, there won't be any need to worry about volatility but the only challenges might be the issue of centralization, although it depends on the view of the project aiming to use it. Also, I think every project knows what serves them best, while some will prefer stablecoins others might prefer ETH or Bitcoin, thus the choice of crypto used for payment will depend on the project itself.

You have a point. Im thinking the same too, cause crypto payment is much easier if the price would not go down or up in that way, they can establish a stable grounds for any services and goods. What if bitcoin or eth have their own stablecoin like what Binance did about binance usd or busd ticker? It will help them to be more efficient on peer to peer and usable as payment gateway for some future fields that will adopt cryptocurrency.

to trade on several platforms that sell their services or goods, maybe they can use their crypto. it's more oriented towards stable coins than altcoin that is already on the market. blockchain technology itself can be adopted by several platforms for trading and payment. but as a transaction tool at this time altcoin will still be a lot of consideration.

It seems that you have already chosen the stable coins as your bet just because of its price stability, But don't forget stable coins are also one of the altcoins. I think stable coins and the decentralized cryptocurrencies are also suitable for payment solutions including those new projects, As long as there is an appropriate method that will solve those problems that frequently happening in most crypto payment platforms. such as slow transaction speed, high transaction fees, etc. if all those problems were solved I'm sure there will be no more problem anymore. 

in terms of stability, there is a thing line between paper currency and stablecoins cryptocurrency... my concerns, however, is on stablecoins vs non-crypto stablecoins

maybe a merchant crypto payment is better to use stablecoin rather than altcoin
but, some merchant will accept altcoin too

That's true and i do agree with your statement. That means we can take a conclusion of stable coin is much better than altcoins caused by it was offering stable valuation to be a payment system. Some altcoins were not filling all of the requirements to be considered as a payment system

Depends on what you're looking for. Some people like to be paid in BTC or ETH because they like the speculative side of things and believe the crypto ecosystem will gain value over time. Similar to if someone asked you if they could pay for something in Apple stock, and it would be up to you to decide if you thought that was going to appreciate in the future.

I personally really dislike stablecoins because the issuing parties are either sketchy (like Tether) or not prepared to do support any real volume (like GUSD). If you're gonna accept crypto, I would just accept that it means you are intrinsically bullish and take BTC and ETH.

The extreme volatility of crypto stands on its way to mainstream adoption... For me personally, if my business involves high turnover rate and will require constant cash to service inventory, I might be a bit skeptical about accepting regular volatile crypto because it might dip thereby wiping my business profit.

Same here. Nowadays, everyone can issue a stable coin as much as they want without any regard what will happen to its when everyone on the market cash out in high volume.