Bitcoin Forum

Why aren't people utilising cryptocurrency payment methods? Without it, the adoption would never be able to realise its full potential.

The crypto payment industry is continually growing. Nonetheless, recognition is not at the top of the list. As is customary, there are Bitcoin maximalists who refuse to spend their cryptocurrency on things.

Some people, however, are taking advantage of the cashback chances offered by cryptocurrencies and cryptocurrency cards. I realise that cryptocurrencies and blockchain are only a small portion of the public, but why are those who are currently interested not using bitcoin for payment?

So, do you use cryptocurrency or crypto cards? What are your thoughts on it if you use it? If not, what's the deal?

Because most people still think that bitcoin/crypto is a scam.

Outside of paying through the likes of BTCPay/BitPay, not really. I'd rather spend my fiat. Not a fan of unnecessarily submitting more and more KYC documents to business entities unless totally necessary.

+1

Next to that, those who don't think crypto is a scam mostly use it as an investment, to HODL... Or to trade and make (or lose) some more money.
The amount of people who don't think crypto is a scam AND want to use it as an actual currency instead of an investment tool is very small...

They have already mention the most common answers why people aren't people utilizing cryptocurrency payment methods. I'd like to add that most probably, people want to hide their money from the government.

The decentralization of most cryptocurrencies is the major setback the crypto world faces in terms of adoption. Crypto is the best payment gateway and would have solved the money transfer issues that many are facing, with a lesser fee.  Although the decentralization has a lot of advantages but gives lower room for regulations, which is the fear of many people and the world government.

Not not using cryptocurrency payment methods, but it must also be fully authorized by all countries and governments so that all people can learn and use cryptocurrency payment methods. Because at this time not all countries have legalized the use of cryptocurrency payment methods in all cases.

Those who are interested in cryptocurrencies and blockchain are not unwilling to use Bitcoin for payments, but as I said that where the use of Bitcoin for any payment is still not fully legalized in all countries so its use is still very limited, because the use of Bitcoin for payments is still not in line with regulations and rules in all countries. Except for countries that have adopted it such as El Salvador and the Central African Republic.

I don't own a card yet and have no plans of getting one yet. I use crypto for my purchases online and good thing that there goes the integrated exchanges that online shops allow their customers to pay with bitcoin.

It is making our lives easier and those that want to spend bitcoin for purchases. While I'm holding for long term, I allocate some for spending for the things that I want to have and need.

Whilst we're using it for purchases and holding, people that don't have an idea on it will never use it and also those people who have doubts about bitcoin, they won't just come out and use it if they're hearing negative hearsays about it.

I used Bitcoin (and in one or two cases, Litecoin) in a few cases (less than 20 overall) to buy cheap IT services like hosting and domains, and in one case I also bought food from a local merchant.

From my perspective, in the countries I lived, Bitcoin can be used (if you really want) for a lot of expenses, but not always for everything. I think the main problem is that you develop buying habits, like going to a certain local grocery or so, and you don't live in a "crypto hub" like the central areas of some US and European cities, then you will have - very likely - to modify these habits if you want to pay with Bitcoin. You'll have to drive to a supermarket at the other end of the town, or have to choose from a handful of relatively expensive shops which do not really offer the products you want, etc..

The argument that your waste your "precious coins", instead, isn't that valid for me - once you're KYCed on an exchange you can always re-buy what you spent. If at least one of my preferred groceries/shops would accept Bitcoin, then I would certainly do that. Fees are currently also not a problem (at least if you buy more than a coffee, and Bitcoin isn't really for coffee ...) , and much less if your are willing to create a Lightning node.

Honestly, it's the community's fault. With the constant prospect of getting rich on the back of crypto, laser-eyed goblins talking about 100k or lows and highs, people still, for the most part, view crypto as a long-term investment than a payment method. It's always in the back of our heads, the notion that if you buy something for 100$ worth of BTC, in a year that could have been 500$ and then you basically fucked yourself over 400$. Not saying it's right, it's just how it is.

I work on the 80/20 principle, where 80% of all the coins that I buy are hoarded and 20$ of those coins are spend. I have a entertainment budget for movies/gambling/takeaways etc... for every month and some of that are converted into Bitcoin, so that I can pay for some of that in Bitcoin. (The movies does not accept Crypto currencies in my area)  :P

So, I do spend some of my coins.... and I tend to spend more.... when the price is much higher than usual.. because then I will get the best bang for my bucks.  ;)

They're not familiar of it, remember the saying "You can't teach old dog new tricks." it's the same thing with this one, some people just can't fathom to let go of using traditional money in favor of cryptocurrency so they end up sticking to the old ways, don't worry though, I am not speaking for all of them and there will always be newer generations that's going to be more familiar than the old ones.

I have seen multiple websites are starting to accept bitcoin payments. Heck, even Tesla did it at one point. But if you're referring to day to-day trades like buying a coffee, I don't think the bitcoin blockchain is even capable of handling that number of transactions. The lightning network does provide a workaround to this problem tho, so we'll see.

Even to say that many people rejected Bitcoin being a currency, I'm still thinking it was not a failure. People see its potential in the other way as an investment that seems to be more fit rather than a currency. I actually have no claim why and asking it because I know the reason already and that is the volatility of its price. Not all are able to lose a few cents but fortunately, many people can afford to take risks through investment where they can earn more.

Adoption can be improved, it will just take time, not an instant.

Back to state regulations, today all countries say crypto can be used as a general sale/purchase transaction that is done by people like fiat and provides crypto services in all aspects, today you will see everyone will use crypto as a life goal.

That's the problem, many governments do not support the presence of Bitcoin as a legal currency to spend, some governments only recognize it as an investment asset and risky, That's the reason people don't dare to use it as a payment method that is done in general.

Many other reasons, that's as my thought.

Infrastructural deficit is one of the challenges of utilizing Biitcoin payment services. Some areas in my locality don't have access to electricity or internet facilities to aid such transactions. In these places if you don't have fiat, you can't transact any form of business. People also see Bitcoin majorly as a form of investment rather than a legal tender. They prefer to use fiat in buying and paying for services while they HODL their Bitcoin hoping that the price would rise. Countries would attract more investors in the Bitcoin space if diverse restrictions placed on Bitcoin transactions are lifted.Then we can have a Bitcoin ATMs just life conventional bank ATMs.   

I think the problem is somewhere else. If most people think crypto is a scam then there are still some people( This number is high) who believe in crypto. They will surely use crypto but right now there isn't much convenient way to use crypto as a payment method. Most business doesn't want to accept crypto because its price fluctuates very fast. Nobody wants to put their business at such risk.

I think the number of people who are outside any cryptocurrency-related business is higher than the people who are crypto-oriented and educated and the people who have no idea believes that Bitcoin and other cryptocurrency is a scam and that has been their major reason why they still don't believe that making payments are easier with bitcoin than fiat. Secondly, the people who sees Bitcoin as a risky business are those who are yet to understand Bitcoin's volatile nature.

Obviously.

Services such as BitPay already exist(where crypto automatically gets converted to fiat, removing risk of volatility), that mostly online service providers like VPNs and proxies use. There isn't much demand outside of this category simply because there isn't much demand.

Most people are limited to using crypto currency for online purchases if businesses in their locality to take crypto for payment, and most businesses don't. It isn't convenient to hold crypto if you're aimlessly converting back and forth depending on how you have to spend your funds. The conversion fees get expensive, and in some jurisdictions you're required to pay taxes when you cash in your crypto.

Most people still not believe in Bitcoin or cryptocurrency and some consider this as their investment, that’s why many are still not utilizing its full potential and because of the significant rise in price of this market, many just want to hold their crypto until they made a good profit.

Payment methods with cryptocurrency is also risky for a small businesses because of its volatility, this has been the problem since then and many can’t sustain to accept crypto as mode of payment because of this.

We will get there soon, just waiting for everyone to finally get interest in bitcoin and other cryptos and start to own them. For the meantime, while bitcoin is still giving us good opportunities to earn and gain, then what’s the use of spending them. If we are looking forward to make profits, spending it and using it to pay for our needs is not necessary when we can use fiat as payment and save bitcoin for future gains.

1. Regulation
2. Volatility
3. Lack of awareness
4. Still observing

These are the things on why we arent seeing about full integration of crypto payments into most businesses which is indeed a fact.
We do see the advantages but we arent that blind on not to notice about the con's and this is where most business owners do really mind off
or really been concern of.

let us not forget that most crypto holders are holding for the mere thought of possible high gains in the future. this is why some holders are not keen on spending it with their everyday expenses. as much as possible, they are holding it as investments and not for payment purposes. also, the availability of merchants accepting crypto is still a common bottleneck for some crypto users who are ready to spend some of their satoshis.

What makes bitcoin and others unable to be used as a transaction tool at this time is government regulations that do not give permission to be used as a transaction tool for goods and services, so there is no legal umbrella for people to use them instead they will be subject to fines or violations of the law if use it

If we narrow the scope to just the community ^{[not about the wider community],} then I don't think people will think crypto payments are a scam. There are regulations out there that prohibit people from using bitcoin or cryptocurrencies as legal tender, and you are expected not to violate them. You must submit to the jurisdiction of any country you visit which means bitcoin is still limited in adoption as legal tender in certain countries.

Global adoption is something you can't expect to happen easily, it's not as easy as turning the palm of the hand because the government is eager to maintain its centralized financial system. Bitcoin would only be good as an alternative option, so you can't expect it to be adopted in all countries. As for the second reason is because some people just want to use it to make a profit from trading or investing regardless of adoption.

This you said is true for some people in different countries and not so for other people. Apart from the regulation drama of  a thing, even if bitcoin is to be adopted nation wide, many people will also not use bitcoin. They prefer it as an investment asset instead of currency. That is the reason they keep hodling. It is clear that Satoshi initial idea or plans of bitcoin has been changed and it is expected that it could happen so since it is technology, it's ever changing.

In the community here, people receive praises for hodling bitcoin and also people receive praises for using bitcoin for purchases or payment for services. We don't actually know what we want I can say. So, however you want, do you bitcoin. The most important is that you know bitcoin and you are using it

Aside from the fact that Bitcoin isn't really widely accepted as a form of payment, it could be that Bitcoin is worth saving than fiat, yes? Or that fiat is worth spending than Bitcoin. With inflation wreaking havoc on people's savings, it isn't surprising if people would find it much wiser to spend fiat than Bitcoin. And with fast devaluation of fiat, it isn't also surprising if people would look for a much better alternative in keeping their wealth. And Bitcoin seems to be a sound choice.

It is not just about people not using crypto payment but about the availability in your local community, crypto payment and acceptance is still very limited in most part of the world.
The options to pay with cryptocurrency is hardly there in 99% of local stores. In situations like this, your hands are tied coz there is hardly anything to do.

Mostly that's because of the lack of knowledge people will not use and trust anything they don't know especially if it's related to money however time after time people are getting more knowledge so they will use these methods instead of the fiat, and this will take some time and it's the same whenever a new payment method and technology comes up I expect to see more people are using these systems in a few years later very soon, also the cryptocurrencies should adopt and give more reliability to people for using them as a payment method.

It is as simple as I expect that at some point in the future my bitcoin will be worth 10 times more. If I have to pay I prefer to pay with what I know will be worth less in the future. To do otherwise would not be very smart. There are people who, with the altcoin that has become fashionable, expect it to be worth 100 or 1,000 times more, so don't expect them to pay with it.

Main reason is people not wanting to make money that way, they want to make sure that they make money from just a simple investment and that's good enough for them. Look at Tesla, they bought 1.5 billion dollars worth of bitcoin for a while and sold it for a bit of a loss. Instead, they could have built the greatest payment system ever, hell Elon was part of paypal mafia, so it would have worked out well for him since he knows what he is doing.

This way we would have an idea on how to make a profit with payment companies as well, but they just prefer that they end up with some sort of situation where it would work well for them in the long run instead, and not take any risks.

It is obviously that Crypto enthusiasts now see it as an asset and not the currency it was originally created to be. Volatility has made hodlers stick to their portion with high hopes of good ROI in the future. This has limited the adoption of Bitcoin and has also stirred this believe of Bitcoin been a scam by novices because most time the throw questions like how does an asset without government backing have value and keeps appreciating overtime. I think if it maintains its original status quo of been a currency as the created made it to be it will gain more adoption within shorter time

A few things in no particular order:  1) Perhaps fear of government surveillance and retribution; 2)  The principal of HODL and not wanting to lose during the next bull run season; 3)  adoption is still picking up and we're not quite at the point of "mass" adoption just yet.

We still have so many crypto unbelievers, 90% of humans out there are still waiting for regulations, people failed to understand that once the government have power over something it will block powerless people to achieve greatness, the insanely high volatility of crypto is why ROI can go as high at 1000%.

What you said is absolutely true, it's all because the community has made bitcoin an investment and not a currency or payment method as it was originally intended. But I don't want to deny that, thanks to the hype and volatility that people have turned it into an investment, bitcoin is getting more and more attention.

Today, very few people consider bitcoin as a currency they consider bitcoin to be a good profitable investment and this change has formed unbreakable.

The majority of humanity don't use cryptos at all. Among a small minority of those who use cryptos, I'd say the majority are doing it for profit (either by trading or by hodling). Then there are a small bunch of people who actually try to pay with Bitcoin or accept Bitcoin as payment for their services/goods/businesses. Some of these would convert to fiat to not risk high volatility, some would use Bitcoin only (on-chain transactions, payments directly to a BTC address or a non-custodial wallet), some would try to make use of custodial wallets or off-chain solutions. That means that there are different people, and not many of those who would agree on how to use Bitcoin as a payment, even among those who believe in Bitcoin as a payment method.

There are still people who are not aware and k knowledgeable on how to use Bitcoin in transacting so we can't question them for choosing fiat over BTC. I think one solution that we can do regarding this matter is to spread awareness about the importance of Bitcoin in our society not just as a profitable investment but also as a digital currency. If people will only see the convenience that Bitcoin has to offer, I'm sure that they will switch to using it. There are still lots of misconceptions about Bitcoin and I guess more people need enlightenment about its real purpose.

For some people it is hard to spend bitcoin in their country, next to no merchant or business accept it (not even with a payment processor), that alone has reduced the number of people that would have spent bitcoins on goods; some people don't spend it simply because they do not use it, nor trust it, these group are non-bitcoiners anyway; then some people don't want to spend it, but instead speculate with what the price can be later on in future, and there could be many other types of bitcoin users. The good part of all these is that nothing goes amiss, bitcoin still works fine as people choose for themselves how they want to use it.

Because even if you want, you can't really buy many things using bitcoin, as simple as that. And one doesn't exclude the other as I am paying with bitcoin whenever I can, but for everything else I am using crypto debit card as currently there is no cheaper and easier way to spend your crypto.

Mainstream adoption is a slow and tedious process that won't happen anytime soon, and until then I see crypto debit cards and payment processors as just another step towards that goal.

This seems like a chicken and egg scenario. People want convenience at the end of the day and existing payment networks are pretty damn convenient, regardless of what people here might think. Crypto currency is directly competing with the likes of Paypal and Visa, who have been around for decades longer. They've worked out sophisticated contracts with different companies and they offered comparatively low fees, plus and here's a big one - payments are instant. Consumers don't want to wait around for 2-3 confirmations to go through the blockchain network before they get to use their product or service, paying extra for quicker confirmation also defeats the benefit of low fees.

A lot of people would rather store their bitcoin as a means of investment than use it to pay for necessities, it is more of an asset used to protect value and hedge against inflation than merely a method of making payments, though that wasn't how it Satoshi described it on his whitepaper though the narative has changed.
Imagine the person who once used 10,000 BTC to purchase pizza, I don't know how that person could have felt now, but it is one of the worst things anybody would have ever done, that's a fortune that can sustain some people for years and decades. This is just why some people have refused to trade their cryptocurrency for basic needs.

I don't think that we are at 90% levels anymore, it looks like we are at maybe like 70% or so for the people who haven't gotten in. And not all people who haven't gotten in just yet are people who are hating bitcoin or waiting for regulations, some do not because they do not have money, some do not because they do not understand how to, there are a million reasons.

So, if we talk about a realistic number for people who can but prefer not to, that could be around 50% if you ask me. That's an important deal and I think it would be a lot smarter for people to just focus on the people who do get in, instead of losing time over people who haven't just yet.

I think he is referring to both online and offline use of crypto as a currency and not as an asset. Buying coffee with btc is possible and in fact it is happening already. Some threads here before shows that. It's not that btc cant handle much of a transaction because there's also a lot of btc sellers and buyers every single day but what can discourage people to do it is because of the high fee.

I think the fee of a normal btc transaction is almost a dollar which can be more than the price of your coffee but if it's on a high end coffee shop and what you are ordering is a premium/special coffee then I think you won't feel bad of using your btc to pay it but like you said there's also lightning network which fees are much cheaper.

What method of payment? what kind of payment do you want to expect as there are too many if not more specific to mention? Is it in the form of goods or services?

If possible, see the policy of the country and live and make bitcoin a legal payment or just an investment alternative. Likewise in paying for services using Bitcoin. For example, in this forum, many services are paid for using Bitcoin or other types of crypto on demand. The problem is that you expect payments on a large scale or just a few scopes.

Even without the public adoption, bitcoin will do its thing to show us its full potential. Why bother convincing the crowd to adapt cryptocurrency payment method if they don't even care what Bitcoin is, besides, it's not really wise spending a lot of transaction fees every time you're going to buy something using cryptocurrency just to prove something to the public.

I'd rather waste fiat buying that's so prone to inflation rather than wasting Bitcoin that could save me in the future. 

Because cryptocurrency payment methods are irreversible and in business if someone wants refund then it is possible for some people and if refund is for 1000 people then it will be difficult to refund as it will require more manpower and time and second thing is that people have not yet got enough trust in the bitcoin gateway, from which they are still away from it although it is running in some countries and they are using it.

I just use my Master Card. It is fast and reliable. When I have a problem with the merchant, they solve the problem very fast. Most crypto cards are using the credit card companies' infrastructure anyway. You are not actually using your crypto when you use those cards... You are still using your FIAT but they are giving you the illusion of using your crypto... VISA/MC don't care as long as you are using their infrastructure. You think you use crypto, VISA/MC keep making money. Everybody is happy.

people do not accept payments with cryptocurrencies classic reasons can be said and we know this long ago, the problem of prices that are not flat always changes in seconds, different from the fiat money we use
and besides crypto itself has not been legalized in every country

The bitcoin believers are certainly utilizing the bitcoin service for payment and investment but you understand that it is a gradual process and the community still forms a very small percentage of the world population and essentially the youth. It is still a process that is finding it place. For such kind of explosive adoption, you will expect that more countries would adopt it fully.

There can be a lot of reasons of not using crypto payment methods. Asking this on a forum where bitcoin users are more, you are likely to get skewed answers.

Some business owners and users may not even bother about crypto. For them the cash they get at hand is more than enough, why go for something that is complex technical to understand and horrendously difficult to keep safe?

For some it might be that their average earning from their business is just enough to run their family, for them bitcoin is something for the higher ups.

Why not do a public survey on the common reasons as cited by many of my fellow forum members and see how much of what we think to be true - open idea to the OP to actually get a research paper going. 8)

There are both absolutely primitive and objective reasons, as well as less noticeable ones.
Let's start from simple and primitive to more complex.
1. So far, the technology, if it can be used, is only for technically well-savvy people who understand the features of this technology. For example, explain to a pensioner that if he pays utility bills and makes a mistake in 1 character in the wallet address, his money will be lost and cannot be returned? Or force an ordinary citizen, far from technology, to accept that you have to remember complex passwords, or buy special storage devices, and you can’t write seeds or a password on a piece of paper, because the money will be stolen and not returned! The mass population, far from technology, is not ready to switch to such technology
2. Cryptocurrency volatility. Tell me - do you know many examples of local ones that would have the same cost changes? And who will guarantee the "stability" of cryptocurrency deposits? State ? NO ! They do not control the crypto market, bitcoin and others... Are you ready to keep your savings in a currency that tomorrow will turn into an empty phrase? But it can be more expensive in 3-5-10 years. But this is not accurate ... And not necessarily .. And not a fact :)
3. The position of the state - in addition to the fact that the state will never allow the emergence of an alternative to a controlled local currency, to something uncontrolled? This contradicts both the very ideology of STATE POWER and is a real risk for the state.

there are many more reasons to give, but these 3 are enough to answer your question

Because the majority of merchants are comfortable with the current payment system and feel that there are no urgent need to adopt cryptocurrency payment.



There are several reasons and some of it are:
1. They see BTC as an asset that will grow in value over time so they tend to hodl it than spend.
2.  Availability of the merchants that accept Bitcoin in their local places.
3. They are more comfortable using other means of payment due to confirmation speed.


I am more comfortable paying in cryptocurrency than using my bank account.  So yeah, I use cryptocurrency for payment.

Crypto enthusiasts will really love the idea to spend crypto and use it as a payment system as long as their country too is crypto friendly and that crypto payment is widely accepted. Otherwise, the government will call the attention of those stores who did not follow their laws and will be subject for investigation. And people should also be educated that crypto is legit and not a tool for scams.

The government always looks after businesses and they won't easily allow them to accept cryptocurrency payments which the government couldn't regulate. Also, people still need enough education about cryptocurrency so they will know how to transact using it. There are still lots of things to consider before adaption happens and it differs in all countries.

People are holding to get profit in the next bull run.  That is one major reason that people with BTC are not utilizing cryptocurrency payment methods.  They think that it would be a waste spending a growing "asset"  when they can spend fiat in place of it.  Aside from that regulations is also a concern since many BTC holders don't want to expose the address of their BTC holdings or the identity behind the BTC  they are holding.

I'm interested in having crypto cards but unfortunately, if I have that I confuse to use a crypto card since my country still didn't adopt crypto better than big countries. My government only cares about FIAT and doesn't care about crypto and the technology behind it, they will care if crypto can give them money or use it as money laundering for corruption lmao.

I am also hindered by the government in my country which is not friendly with crypto, so I find it difficult to use crypto for payments. Even though
in my country the government forbids using crypto as payment, but I can still use crypto some times for payment. Some times I use Bitcoin to pay
for services or buy goods from people I know, so with the consent of both parties, and without the knowledge of the government of course.
Because if the government finds out, of course I will be penalized for violating the rules. But because I want to support crypto, I still dare to use
crypto as a payment method even though it is risky. I really hope that in the future the government of my country changes its mind and will
legalize crypto as payment.

It is quite essential to note that people tend to condemn what they don't understand. As was the advent of the then missionaries who only after lingering, bonding, persuading, and doing everything almost possible to ensure their prospects are converted, so should it be done for cryptocurrency. People need to trust the system and besides ease of access to its knowledge base by either peer-to-peer, group settings, forums, or campaigns; they need stability.  If the cons outweigh the pros, why bother?

For sure some establishment or organization have doubt with it about the people who are afraid to adopt the use of the crypto because of the possible things they didn't expect because not all of them knows how the crypto works of course it might give a hassle to them to make a change that they don't know how to function, in the other hand to the people who would like to adopt it takes a lot of time before getting implemented if this really helps the organization for the improvement.

Actually, the use of bitcoin and other cryptocurrencies as payment could also increase the chance of one business owner to own more and more bitcoin thru the use of accepting them as payment methods.

Other than security and privacy of one's bitcoin address and wallet, a lot of other reason arise as to why crypto payment is a concern. A lot of people are still against bitcoin and still has a bad image about it. Volatility on price on cryptocurrencies as one thing may cost 10 dollars right now but may cost 5 dollars later. Anonymity of the address holder which may cost to physical danger in case targeted. There many more reasons as to why cryptocurrencies payment is an issue.

I was once interested in paying with bitcoin and eth when I saw an online shopping site, but unfortunately when all shopping lists were collected and the time to pay me canceled because of the transaction fee of more than $ 5, I think the classic problem of Bitcoin that could not be resolved was a more expensive transaction fee if compared to free bank transfers.

In huge majority if cases Bitcoin transaction fee is only a problem if you are using wallets where you can't manually set the fee so the wallet makes you overpay the transactions several times over. Alternative is to use wallets like Electrum with the combination of https://mempool.space/ where you can check what's the fee needed for your transaction to go through. Use that and you will see that sending bitcoin ain't that expensive at all.

This is a good idea but not everyone can set the right fee using this type of wallet, in my case, i use the wallets which already have a set transaction fee, i will have to switch to electrum wallet to i can manage my transaction fees on my own but i have no idea how to use mempool.

Few reasons upon which I don't spend bitcoin as payment are

• Risk of losing when used without proper knowledge.
• Its increasing price with time.
• Low acceptance in stores.
• High transaction fee.
• Long term profit.

you are right ....when we make transactions with one of the coins. some of them require very high transaction fees like ETH so we think twice about using it as a transaction tool and in addition to the taxes imposed by the government on every crypto transaction

That's why I chose to focus on using Bitcoin for investment, one of the obstacles is the high transaction fees. If I really want to use crypto to buy
goods or pay for services, I choose to use altcoins, which has lower transaction costs. Because some altcoins have low transaction fees, the problem is
that not all online stores provide a choice of altcoins for payment. That's why until now I'm more comfortable using fiat to make payments. Moreover,
there are still many countries even whose governments consider it illegal to use crypto for payments. So instead of breaking the law, it's better for us
to use crypto just for investment, if I want to spend crypto, then I usually convert it first to fiat on exchanges.

The price of Bitcoin transactions really goes down compared to its tx fee years ago.  But yes it is quite expensive compared to zero fees of bank transfers.  Comparing the fees, and the transaction confirmation, it is really a disadvantage using Bitcoin payment methods since we spend more than the intended price of the item.  Aside from that, we might regret spending BTC for payment if we see the bitcoin market skyrocket.

This is a reason, and the important thing is that people aren't much aware about it. Even now it is possible to see people who doesn't have the access to banking and use fiat. They never knew how to make use of cards, by that time we're taking of cryptocurrency payments. Maybe in the upcoming few years of time we can expect a big change as slowly people are getting aware of the existence of cryptocurrencies.

I think this has something to do with the mindset of the public against cryptocurrencies as a whole.

Unfortunately, majority of the people view cryptocurrencies as a way of a scam due to the media on how it stigmatized its usage over the years. People also associate it in dealings with contrabands and illegal stuff, in which why they see that whenever you transact using cryptocurrencies, they have this fear that the government would held them liable.

Though that might be the case, over the years, the usage of cryptocurrencies as a means of payment has been slowly evolving. More and more countries accept its utlization and understand its long-term positive effects on the economy.

Why not? There is plenty of guides around how to set up the fee manually, even on this forum. As a matter of fact, here is a good one https://bitcointalk.org/index.php?topic=5182906.0


No reason really to use those kind of wallets as on top of overpaying, they are often close-sourced meaning less safe

Aside from people call it as a scam the volatility of this coin is one major problem since it discourage businesses to utilize this as their payment method because they could lose a lot of money if market collapsed badly. Maybe if bitcoin will move the same with fiat we can see good adoption and make this what we wanted but for now there's a lot of problem bitcoin need to fix first.

There are many reasons why many people don't use crypto as paymemt method and the most common is its volatilty. Let's also add the stereotype of crypto being used by the criminals and the governement telling its people that it is not a safe form of asset or currency.



I will only use it as payment in the form of stablecoins. Cryptocurrencies like bitcoin or ethereum is more of an investment for me. I've been earning crypto since 2016 and if I just didn't spend it due to unexpected circumstances then I think would've be rich now.

I've used cryptocurrency several times for payments as well as accepting payments. but that's rarely done unless the conditions allow it to do so. like my fiat is lacking when it comes to paying for something. or transactions between cryptocurrency users. but I think the majority of people prefer to make cryptocurrency as an investment and not as a means of payment. especially if it's Bitcoin. so I prefer to hold it rather than issue it for payment. because of course I am optimistic about the potential in the future.
and another reason is because there are still many people who are not familiar with cryptocurrencies. the comparison who knows crypto and doesn't know crypto is very far in comparison.

Many investors value there Bitcoin over the fiat currency just like when Tesla started receiving payment in Bitcoin, many investors never opt to it because the believe the current price then might increase in the next few years making their Bitcoin portfolio worth more. Since the market is never stable and there is tendency that the market will always appreciate with time, then there is no need to giving it out for exchange.

I think there many Crypto sites that received payment in Bitcoin although they are mostly recognized in some regions that does not have any law or policy against the use of Bitcoin. We hope with time, the Bitcoin adoption will become more bigger than what it is now and many will commence using it of payment of services.

Maybe because of UX, UI, trust, ease of access, lack of regulations...

What's your take? Not only in payments, but also for personal investments. There are a lot of barriers to entry still, for the "average joe", and I think trust is key to access, for example, the Defi space and investing in these products.

I guess, those that made cryptocurrency legal in their land are really making a huge amount of incomes from their businesses because many crypto users prefer to purchase goods and services and pay with cryptocurrency. But it will be difficult for those countries that are not yet accept cryptocurrency in their land for their business men and women to accept cryptocurrency as a payment because their citizens are not use to cryptocurrency in their country which will not help their business men and women to make a good profits like those that accepted fiat money as a payment in their businesses.

To make cryptocurrencies work effectively like fiat is certainly not easy, when we switch the payment system which is usually fiat to become cryptocurrencies of course it takes a lot of conditions, and I'm sure the very high transaction fees make us think again about paying with cryptocurrencies.

The first in your list applies only if for a newbie but not for you because you have a long term experience already on using a bitcoin. The second one is correct and this is also the reason of the many on why they won't use their bitcoins. if they try to then they can't help but regret it later on.

Third one will depend on which country you are into but if let say you are from El Salvador or two of those countries which btc is now a legal tender then you won't having a hard time looking for shops where btc is accepted but in case you are from unsupported countries, why won't you try online shopping? I bet there is only less to or restrictions at all. Fees in btc aren't always high though.

for transaction fees it is very high but we get convenience in sending and transferring our money by making bitcoin or altcoin, it's just that for transactions it might be an alternative to global payments, if applicable in the future all over the world it becomes a transaction tool, so it's not confused to exchange fiat in an applicable country

My own perception about bitcoin is that if i can make maximum profits through investing and long term hodling, or with good trading, then there's no reason to spend it and use it as a mode of payment. I would rather keep it in my wallet instead. After all, when bitcoin will be widely adopted and that the government decides to accept cryptocurrency as a payment, everyone will eventually buy and spend bitcoin most often. Maybe we need more time and right timing so that we can utilize bitcoin as more on a payment method.

And this is perfectly valid, bitcoin allows you to do whatever you want with your money, if people want to spend it they should be free to do tit, but if they want to keep it then they should be free as well to do so.

It surprises me that people criticize holders when it is the move that makes the most sense and it is a mistake to think that someone can force people to go against their self-interests as we know that the longer we hold our bitcoin the greater the profits we will get.

I agree with this. People see it as an investment deal, meaning if you have bitcoin then it is better to hold it, and not spend it. But, I would like to also remind that if you use fiat to buy something instead of bitcoin, you could also use bitcoin to buy that thing and then use the fiat to buy bitcoin as well. So, the end result would be the same, but you would have used bitcoin to purchase something, which is a great feeling.

You may say why would I do that because you are doing the same thing basically, but I think the feeling of it is more than enough of a reason. That's my personal opinion of course, if you do not agree with that then you could just use fiat for sure.

If people around the world use cryptocurrency payment method and it is definitely very useful with cryptocurrency funds can be exchanged more quickly. Cryptocurrency is the future of digital payments and therefore has a strong impact on the global economic system. But many countries of the world are not legalized yet so everyone is used to using fiat currency.

I think volatility is not the only reason, taxation is also a bit of a problem. Like you get paid in crypto for selling one banana, then you have to tax it right? What if the price of bitcoin goes up until you could pay the tax for it? What if the price goes down? I mean there are so many different stuff that the tax part of the deal would become a bit of a trouble.

It is not the same as buying bitcoin making a profit or a loss and then paying taxes for it, that is way different from selling something for crypto and then paying taxes for it. This is why I believe that not many people are doing the same thing, it is not going to be the same thing at all.

Bitcoin will be more profitable if its kept and hold for long term as an investment, than to spend it and lose our bitcoin quickly. Although its adoption will also never grow if bitcoin is not used as a payment, but the fact that we can use fiat to purchase since its not making us profitable anyways. If you spend bitcoin, its like you are just giving away your future profits. Adoption will always grow as long as the country's government starts supporting it, but i'm not seeing it for now.

On general sense, we do really need for it to be circulated but since it does have that value which does increase overtime or does have the potential then people do ending up on deciding on holding it for long term
rather than on making use of it plus having the problems when it comes to regulation plus the fees or overall operation hassle and stuffs then they wont really be minding about these things.
Applying out crypto payments then it would really be varying on business owners or even just as simple as personal payment option to be given.
Adoption is still on the move and recognition is still really not that in full scale still.

I was using crypto payment most often about 5 years ago but since then alot more regulation came in to bring red tape and lots of questions about its usage by any normal business.  In some cases the reaction was to dissemble their ability to accept this payment type and also some natural churn of companies opening and closing.   Having the burden of red tape takes away alot of the appeal.   I dont think its totally suppressed but explains some of the lethargy to what would be quite natural growth.
   I think we do see more BTC usage but always it has to keep improving usability to the average person, widening the scope of its audience away from purely the tech focused enthusiast.  Some of its happened and yet much more progression has to occur still.

Adoption rate will still grow since the demand on different matter increase so if we can still see a huge demand coming on bitcoins for sure many merchants will think about adding it since maybe they can look at it as good opportunity to dive in since more people using it. But for now since the volatility is high maybe we cannot see it happening especially when those companies new to this technology so maybe for now they just see it as a risky option.

People are not spending their bitcoins for several reasons,  some of this reasons are personal reasons,  while the others are obvious,  I am going to mention one of those personal reasons and one of the obvious reasons -

1. Most people still see bitcoin and cryptocurrencies in general as an investment vehicle rather than as a currency to be spent on goods and services just the same way we spend our fiat currency - this is a personal reason.

2. Look around you,  you will discover that actually,  not too many businesses and services accept bitcoin and other cryptocurrency payments,  some businesses still think cryptocurrencies are scam,  others think it's illegal,  some other businesses that have interest in it do not know how to go about implementing crypto into their business,  and maybe they are too busy to do the research needed, or maybe they are afraid not to fall or follow a wrong information that will lead to them being scammed.
So when there is just a small number of business and services accepting cryptocurrency payments,  you discover that crypto holders have a very limited access to spending their crypto, since a business accepting crypto payments might not be close to them or might not even be in their area - this is an obvious reason.

Volatility
How people sees cryptocurrency.

I think these are the 2 reasons why there are still people who are hesitant to use cryptocurrency. We want to see businesses to utilize cryptocurrency payment methods right? At first place, people are building their own business because they want to gain profit. Business owners are still hesitant to accept cryptocurrencies because of the fact that it's volatile. Today they will accept Bitcoin for example and tomorrow, there is a chance that they will lose their supposed gains because of volatility.

Another one is how people see crypto. They see crypto as a scam because this is how the negative people teach to them. They see crypto as a fraudulent thing thus, they are just ignoring it and not involving themselves into it. Kinda sad TBH because there are people who are still spreading negative things about cryptocurrencies.

A cryptocurrency that generates a good return on holding does not make sense at all as a means of payment. In addition, there are several other reasons why it is still difficult to use cryptocurrency for these purposes. All goods and services are valued in fiat. It turns out that in order to purchase the necessary goods, we must first convert fiat to cryptocurrency, and when calculating back, convert it to fiat. However, only a small part of trading establishments directly accept cryptocurrency. With the spread of cryptocurrency and its legalization by states, the situation should gradually improve.

For me, crypto cards are the most attractive feature of crypto. They offer their excellent features, no matter where you are in the world and no matter how much money you have in your account. You don't have to be a tech geek, not buy coins or mine them, and all transactions are private of course, there is some risk that you could lose value over time but overall there are more advantages than disadvantages. So, to answer your question: why don't people use cryptocurrency payment methods?

Well, it could be that the price of Bitcoin makes people feel the currency is not safe. After all, there are a lot of fluctuations and corrections in markets at this moment. It could also be because people don't want to learn it. People have different motivations for learning and not learning. Most obviously, people who are not interested in cryptocurrencies will not use them. There are many reasons why we don't do something, but I think it's safe to say that many don't know it or don't want to take the time to learn more and use it.

The two reasons you mentioned are indeed the problem why until now not many people use crypto as a payment method. I myself more
comfortable buying goods and paying for services with fiat, because I have done it in the long term,  and it becomes a habit that is hard
to change. Then knowing that crypto holdings can generate huge profits, of course I think it's better to use crypto for investment.
After all, my country prohibits the use of crypto as a means of payment, making me even more uncomfortable using crypto for payments.
So in the end if I want to spend the crypto I have, I will first convert the crypto to fiat. Maybe if there are many countries that support crypto
and legalize crypto as a legal tender, there will be many businesses and services that accept crypto payments. For now, let's just be grateful
that crypto is a profitable for investment.

1.Risk of loss if used without proper knowledge. - At what irretrievable loss!
    2.Its rising price with time. - a very controversial argument. It may grow, or it may not be... Or it may grow, but you, due to regulation, will not be able to sell it, or you will be charged wild taxes!
    3.High transaction fee. - Fact
    4. Long-term profit. - Doubtful. Within 2-3 years there can only be a loss of profit, see historical charts
    5. Low acceptance rate in stores. - This is all the result of 1+2+3+4 :)

I already wrote - volatility and difficulty in use are two factors, without defeating which, it is pointless to dream of the widespread use of cryptocurrency as a means of payment.

It's mostly a matter of regulation, but there's bound to be a lot of other things that would cause it to not be used. I don't think traders really want to use bitcoin as a means of payment, that just doesn't seem right considering they just want to profit from the trades they make. Trader are the smallest in terms of adoption, they do not use bitcoin as a means of payment although in some cases some of them can use it for certain services.

The risk of volatility is the most talked about thing when one talks about the adoption of bitcoin as a means of payment. I can justify that, and by far it has been the most influencing factor for bitcoin adopters out there even in countries that have legalized bitcoin as a means of payment like El Salvador.

Agree with what you say, because in some countries it is not meant to be a means of payment. Some of them even still do not allow their citizens to adopt bitcoin, so it is indeed very difficult to pass regulations.
My country is still in a neutral stage right now but there is still no talk of paying via bitcoin and it's likely that this will never happen so no matter how hard we do it it still won't work.

If Bitcoin is not added to the latest regulations for wider use including for alternative payment methods then whatever efforts we make will not be successful, so I think the government will not give dispensation for the use of crypto and keep it for futures investment not for alternative payments because of the potential replace the use of fiat.

Even they are afraid off about that probability of replacing fiat but still it cant really be possible if we are really thinking up realistically.Even though cryptocurrencies does have its pro's and benefits but it wouldnt be surely enough on taking replacement of fiat that we've been using through ages.It cant just be possible but instead it would really be just sitting around on being alternative.
People or merchants would really be that hesitant on utilizing crypto payments since we know that not all corners of the world will really be allowing this thing and if its allowed
but people are still hesitant on doing so due to volatility or moving prices which it isnt surprising for such reaction.

So far, crypto payment is just another alternative to fiat payment method. I don't think that will change in the coming years. Why not be grateful that crypto is increasing its usage in the market? And the number of users as well are increasing. But to replace fiat, I don't think we will see that in our lifetime. We are going digital but the fiat system will remain for long time.

Many people are using crypto as payment methods and have been doing it for many years. Crypto usage increases year on year with more and more retailers and online shops accepting crypto as an option at the checkout. It is not all about credit cards and associated perks or cash backs, there is more to it but crypto is already widely accepted.

Sooner or later it will begin to become even more mainstream than it already is but unfortunately because of negative media coverage some people have concluded crypto equates to criminal activity therefore they are reluctant to get involved.

I do not know where the idea came to the author of the topic that people do not use crypto for daily transactions.
Almost everyone uses it as long as they are allowed to do so. The laws in most countries do not allow crypto transactions, so these transactions are hidden, that is, outside the official frameworks, so they are not noticed. If you can join Facebook and Discord groups in local groups, you will see a huge amount of money being traded through crypto .

Having volatility issues is one thing that doubt others to use bitcoin as a payment method because it’s price keeps on changing and is never fixed. And to think that bitcoin is much better when used as an investment rather than spending it like fiat, then it’s not surprising that most traders would want to hold and trade it later since they will surely benefit huge profits from it.

I think there are many problems why people don't use payment methods in crypto, maybe it could be an obstacle from the local government, people don't believe in crypto, it might be difficult to make transactions and maybe many other reasons.

But for me and I'm sure that someday many will do it, considering technology and future developments, crypto can be the main thing in making transactions.

True, but people still fear, don't understand or believe they don't need cryptocurrency. That is why adoption isn't skyrocketing.

Personally I don't use bitcoin for payments because it's not possible. Even using crypto cards I still have to convert crypto to fiat first in order to make purchases through debit card. Cashback, however, is paid in crypto.

Yes, I use it because crypto cards are accessible and practical for people who want to go beyond the traditional banking system, while not losing the contact with the reality of daily life. It's not ideal yet, because you have to keep exchanging fiat to crypto and crypto to fiat too frequently while also managing different wallets inside your account, but that is ok, since there are no maintenance fees for the account or for the debit card. Moreover, we have cashback. Those features are superior to every ones offered by fiat banks I'm aware about in my area.

The main reason I don't use bitcoin as a transaction tool is because it's prohibited by the government and there are no shops or anything that uses bitcoin as a payment method, but that doesn't mean bitcoin can't be used as an alternative payment.
although bitcoin is a very good investment and profitable instead of using it as a means of payment, we can use it secretly or can also use it unexpectedly which can really help us in unexpected situations like what I experienced here:
https://bitcointalk.org/index.php?topic=5401052.0#msg60271061
and this incident was unexpected and helped me a lot.

If the price is fixed to Bitcoin and not to fiat then it changes the equation a little bit but there will always be volatility in crypto and you are right these things matter to those using crypto or newbies that are considering using crypto.

I think the OP was interested in knowing about using it as  a method of payment rather than use it as a tool for holding or investing.

That's true. I agree with those barriers to entry, but especially with the lack of education to access Defi.
The Rebus project https://twitter.com/RebusChain (https://twitter.com/RebusChain) in the cosmos ecosystem is working on making Defi mainstream, by bridging Trad and Defi.

the thing that makes people immediately switch to cryptocurrencies payment modes is that it is easy to use, safe, and of course has added value, in my opinion these 3 things we can't get in cryptocurrencies, for example is convenience, of course, not everyone has time to fill up wallet balances because they have to trade.

Plus having that main problem about;

volatility
regulation
too technical for others to understanda
no merchants been offering around

You could really see that there are con's and disadvantages on some point which fiat could only do and this is why it would really be just
still remaining as an alternative payment option and wont really be able to replace fiat currency anytime soon and this is the reality.

This is something that can't be forced on or rushed, if truly digital payment is going go take over Fiat it's going to be a long process, remember, government a and powerful entities are benefitting from Fiat, same thing must happen with crypto that's why they want regulation.

The thing is only a few use crypto in their daily transaction.  Even though many of us are involved in cryptocurrency, we do not use cryptocurrency in our daily transaction simply because the availability for crypto payment is limited.  Just for example, water and electric bill are paid in fiat currency, you can only use crypto to pay it if you use a third party payment system, still at the end line, fiat currency is paid to the provider.

You are right when you say that governments benefit from fiat. It is clear because it is their basis for trading and addressing their investments, loans and GDP. Eventually crypto will be incorporated further and further in the mainstream finance world but as with anything new it will take time to be accepted widely while those with other interests try to prolong the inevitable.

Bitcoin is not a currency or legal tender in some countries, for that reason some people do not make transactions using Cryptocurrencies.

although the legality is still gray in some countries, but there are some places that have accepted Cryptocurrency (Bitcoin) as a legal currency for transactions. As did the University of Nicosia, Cyprus, which became the first university to accept Bitcoin for tuition payments. Not only that, the emergence of the Bitcoin Automatic Teller Machine (ATM) is proof that public interest is still very high to make transactions using Bitcoin.

There are always two sides (positive and negative) to everything about Bitcoin that has managed to take the world by storm. Let's take the positive side in the midst of the debate over the legality of Bitcoin, because there are so many Bitcoin users today, it has even become a trend in making transactions as a means of payment.

legality is the main factor why payments using Bitcoin or cryptocurrency cannot be used by most people, because Bitcoin is not a centralized currency so there are still many pros and cons regarding its function.

The terror of sanctions has always worried me. Something taboo can instantly go viral in my country and including bitcoin is still not common in underdeveloped areas. I just don't want the authorities to suddenly come and crack down on my shop for secretly accepting bitcoins thanks to people's posts on social media. This has happened in the past (https://www.cnbcindonesia.com/tech/20180122124750-37-2144/bi-bereskan-44-toko-di-bali-yang-pakai-bitcoin).

Let me ask a simple question, and the answers will actually show why cryptocurrencies in the form they are now will never become a mass means of payment:
List the ADVANTAGES and DISADVANTAGES of cryptocurrency? :)
Everything is very simple ! Supporters of cryptocurrency as a means of daily settlements will now answer the question themselves - why their dream is not destined to come true, given today's realities :)
Only condition - let's write honestly, do not forget about the shortcomings and write about them honestly!

Accepting Cryptocurruncy as a payment system for individual is by personal choice if the national government has not adopted as the general payment method. Accepting bitcoin as a payment system by individual has nothing to do with the adoption of bitcoin. Let me tell you if government approve the uses of bitcoin in all businesses in the country. Bitcoin adoption will be on it own growing to its maximum potential. Bitcoin will grow on its own if only the state governments approve it. Even though they did not, bitcoin will still grow.

I think Op is referring why cryptocurrency is not being used so common maybe just like the fiat,  he forgot that many countries cryptocurrency is restricted from citizens to use it and anyone found that goes against the law can be punished. Their are people who are ready to spend cryptocurrency to purchase things but most business people don't accept cryptocurrency. The reason why people don't normally spend cryptocurrency is because they see cryptocurrency more as an asset just a currency,  they prefer to invest it for a long time  than to spend  it.

No mate, they did not switch immediately because by the time cryptos came out, people are doubting about it and they think it was only a scam or a criminals money because it is being used the most in the dark market for illegal transactions.

It takes a long time before those doubts have cleared out but still not all that embrace cryptos are using it for payment purposes, this is why the op complains. He also sees that the majority of the crypto users are only after on its volatility feature or earning capabilities. Maybe once their countries have made cryptos a legal tender, that would encourage them to try and use their cryptos as a currency.

They think it would take lot of effort and they also think that Bitcoin is for tech-nerdy and also people thinks that Bitcoin is being used for some illegal stuff therefore it's bad to use and many more reason to go.
Accepting cryptocurrency as payment method isn't that easy to do, you have to make sure that everything is going according to plan such as the fees, price volatile, etc. There were big merchants for example Steam accepted Bitcoin as the method but immediately removed it sooner because of the price volatile, so you have to take an account for that.

There aren't that many things that could be bought with bitcoin, that's the main problem. Usually people end up using "services" for bitcoin and that's a lot better. Like let's say you need a logo designed, and I can design logos, you pay me in crypto and I do a logo for you and that's about it.

If you still think that you want to buy an apple or a banana or pay your electricity bill with crypto then you are going to end up with something like the situation we are in right now, and that means we are not going to really end up with something amazing like paying with bitcoin to everyday stuff. Just hire people with bitcoin and be happy that you can even do that.

If the government could make a profit for them maybe whatever they would do next. so you better do a very good action for now and see what will happen in the future. if you can save valuable things maybe something big will happen later.

Cryptocurrency for many people it's just reserved as a store of value and that's why they feel reserved about their crpto asset and drag foot in using it as a means of exchange while to others the laws that exists within their geographical milieu do not support the use of cryptocurrency such as Bitcoin and this makes them to hoard it hope for when it could be given that acceptance within their milieu by the government of their State.

For other reasons as to why, I can't actually tell yet.

the main thing is the government's role in relieving it, in the past bitcoin was used as a transaction tool in my country, especially in tourism areas, but finally there was a raid, which forbade it as a means of payment. apart from the negative point of view, of course the government will have many considerations to pass laws, as you mentioned some considerations, such as fluctuations and so on. on the other hand of course many officials do not approve of it, because they can use it for bad purposes, such as money laundering

Because most people don't know how to use bitcoin. They think it is something very complicated. They follow the media and all the media does is spread FUDs. Hence they start thinking that bitcoin is a scam. They think it is not safe to keep or hold bitcoin. I mean look at how many times you will read about that one guy who lost his 7,500 BTC (i have read this seen this same news floating around so many times that I even remember exactly how much bitcoin he lost) and is now searching for it at the landfills.

And then there are countries where the laws about crypto currencies aren't clear and confusing, hence businesses thinks that accepting crypto currencies is some sort of unnecessary risk for them.

Some of it is because of crypto volatility as they have to hold some crypto for a while to pay for stuff with it, and the other reason could be trust issue many people still have with the whole crypto space

Other than that I think ~70% of known online stores now support payment with cryptocurrencies, specially those that sell mostly non-physical products like apps/games and you can now pay with crypto for various online courses that are available these days, Knowing how easy it is to use crypto as a payment method it shouldn't take that long till people realize the potential and convenience that comes with it and adopt it as their main method of payment.

I have seen lots of people complaining about the volatility of the market that it's the reason why they don't want to be accepting cryptocurrency as means of payment, I tend to agree with them, because let's assume you accept bitcoin or ethereum up to $10k and the next day a sharp decline of about 10% occurs, that's a huge loss on the trader side, and when you get to explain to them about usdt and busd they will want to stick to the fact that its bitcoin that they can only accept

One makes virtual currency unable to become a real currency in any of the countries until recently. There are many things to consider to get it. maybe someday it will all happen.

Throughout the time that I have been using bitcoin and in my stay ( forum) it is common to read your OP, there is a problem that is repeated and some users are repeated, the adoption based on the fact that it is not used in this and another way, that if they are few, that if people hodl and don't spend bitcoin, blah blah.  But what's wrong with that, what or who measures whether the adoption is on the right track.

When it is perhaps the opposite, as it is or as it works, it is better than one would even expect, look at the market or the volumes that are handled, look at how bitcoin is talked about in the economic plane, not  is "the strange currency".

Bitcoin is used! people pay for goods and services directly and indirectly, so why always is there has to be qualify it, there is no comparison except to do it with Fiat and that tendency to look at these equivalences are guides but not determinants.

Bitcoin is used what has to be used and is having unprecedented success, there did not exist and for now there is no similar crypto, although there are others, but for now they are part of the ecosystem that governs bitcoin and that is important, well it is the niche to which bitcoin belongs.

 So I would be worried that those who are using bitcoin stop using it, because they use Fiat in its entirety, if you spend a satochi, well done, if you save a satochi, well done, if others do not use it, nothing happens, they will have to use it in at some point and if they don't it doesn't matter, the bitcoin market can afford it.