What are some of the current solutions for SPENDING cryptos?

[brendongl]

Hello 
The problem that is currently plaguing blockchain and cryptocurrency mass adoption is ease of use as well as real use-case scenarios.
Cryptocurrencies currently are being used as a speculative investment rather than an actual 'currency' as the word states.
While more and more retailers are accepting cryptocurrencies, there is no easy on-ramp for retailers and brick & mortar stores to accept crypto, as well as the intense volatility is not attractive if the business does not understand blockchain or believe in the future adoption.

So far there are only a few actual ways to spend crypto if the retailer does not accept cryptos. You can join an exchange and sell your crypto to fiat on exchanges such as Coinbase, Kraken, etc.
This is tedious and means you have to plan how much money you need to spend prior to actually spending it.

TenX, Monaco, Centra, Shift, etc. are all solutions which made promises about credit cards which are linked to your crypto wallet, so far none of them have actually delivered on their promises. Mainly due to regulation problems. VISA and Mastercards stance on cryptocurrencies is most likely one of the major reasons all of these companies have failed to deliver the so-called cryptocurrency debit cards.

Fast forward to right now. There is still no easy way with no transactional friction (fees, etc) to actually spend your cryptocurrency. But Zeex has an answer which lies in corporate currency aka. gift cards!

zeex.me
https://bitcointalk.org/index.php?topic=3109781.0

Simple shopping with crypto. No KYC/Whitelisting, no exchange fees, no long processing times.
This is the solution which will help put the currency into cryptocurrency and allow us hodlers to actually spend cryptocurrency in small or large amounts at retailers and sites such as Amazon and Starbucks.

Even once there is a great solution for spending cryptos, gift cards are generally offered by companies at a discount, so Zeex will really be a great way to spend!

[Howard Roark]

Hello 
The problem that is currently plaguing blockchain and cryptocurrency mass adoption is ease of use as well as real use-case scenarios.
Cryptocurrencies currently are being used as a speculative investment rather than an actual 'currency' as the word states.
While more and more retailers are accepting cryptocurrencies, there is no easy on-ramp for retailers and brick & mortar stores to accept crypto, as well as the intense volatility is not attractive if the business does not understand blockchain or believe in the future adoption.

So far there are only a few actual ways to spend crypto if the retailer does not accept cryptos. You can join an exchange and sell your crypto to fiat on exchanges such as Coinbase, Kraken, etc.
This is tedious and means you have to plan how much money you need to spend prior to actually spending it.

TenX, Monaco, Centra, Shift, etc. are all solutions which made promises about credit cards which are linked to your crypto wallet, so far none of them have actually delivered on their promises. Mainly due to regulation problems. VISA and Mastercards stance on cryptocurrencies is most likely one of the major reasons all of these companies have failed to deliver the so-called cryptocurrency debit cards.

Fast forward to right now. There is still no easy way with no transactional friction (fees, etc) to actually spend your cryptocurrency. But Zeex has an answer which lies in corporate currency aka. gift cards!

zeex.me
https://bitcointalk.org/index.php?topic=3109781.0

Simple shopping with crypto. No KYC/Whitelisting, no exchange fees, no long processing times.
This is the solution which will help put the currency into cryptocurrency and allow us hodlers to actually spend cryptocurrency in small or large amounts at retailers and sites such as Amazon and Starbucks.

Even once there is a great solution for spending cryptos, gift cards are generally offered by companies at a discount, so Zeex will really be a great way to spend!

Great post, the greater the ease of being able to spend crypto the more it will become adopted by the mainstream. We need more platforms like Zeex to get Crypto to the masses.

[MinerHQ]

Even from this site zeex.me you can't buy everything you want and also planning is required because they are not instant delivery options or If you see something in a shop and if you want to buy then you can't buy it from this method.

So the best solution is to convert your cryptos into fiat from any exchange and withdraw money to your bank account then you will have a more freedom to spend your money. Currently, I'm not investing money in cryptos for using it as a currency but I considered it as an investment. I will plan when to sell and when to withdraw money to my bank account.

[Howard Roark]

Even from this site zeex.me you can't buy everything you want and also planning is required because they are not instant delivery options or If you see something in a shop and if you want to buy then you can't buy it from this method.

So the best solution is to convert your cryptos into fiat from any exchange and withdraw money to your bank account then you will have a more freedom to spend your money. Currently, I'm not investing money in cryptos for using it as a currency but I considered it as an investment. I will plan when to sell and when to withdraw money to my bank account.

If you want to convert crypto to fiat and pay fees that is fine but in my opinion, the end goal should be to spend crypto in its own ecosystem without having to convert. If everyone holds crypto as an investment and never spends it then it will never have any chance of reaching wider adoption.

As for instant delivery options, the Zeex App will provide an easy 3 step crypto to product conversion that will take seconds to carry out. Basically, use crypto to buy a gift card and then use the gift card code to buy products or services. Pretty fast and easy and you could do it while in a queue waiting to buy your daily Starbucks 

[Richurd]

I think the main thing plaguing cryptocurrencies is their lack of real-world usage. People are scared away from investing into crypto because of its lack of liquidity- very good project. I see Zeex easing the minds of people by tackling both of these problems.

[TashBLIL]

I think the main thing plaguing cryptocurrencies is their lack of real-world usage. People are scared away from investing into crypto because of its lack of liquidity- very good project. I see Zeex easing the minds of people by tackling both of these problems.

I agree, Zeex could potentially bridge the gap and actually help crypto become more mainstream!

[brendongl]

Even from this site zeex.me you can't buy everything you want and also planning is required because they are not instant delivery options or If you see something in a shop and if you want to buy then you can't buy it from this method.

So the best solution is to convert your cryptos into fiat from any exchange and withdraw money to your bank account then you will have a more freedom to spend your money. Currently, I'm not investing money in cryptos for using it as a currency but I considered it as an investment. I will plan when to sell and when to withdraw money to my bank account.

This is true to an extent.
If you regularly purchase most of your goods from Amazon, usually get your coffee from Starbucks, and spend money on digital games from Xbox for PSnetwork. Then Zeex will definitely be a good option!
I know I personally spend a few minutes to see how much money I can save from a specific retailer who I shop from often. If it thru coupons, cash-backs, etc. Gift cards generally have a nice % saved on them, stack that alongside some great discounted items, you have yourself a bargain!

The reason you invest in cryptos is as an investment vehicle, which is fine. Makes total sense.
But why not spend small amounts of that investment while it goes up?? I'm guessing mainly because it's a tedious task. Having to open your hardware wallet, enter passwords, transfer the coins to an exchange which has fiat withdraw, place a sell order, wait for the money to be sent to your bank.

If all those steps were removed, I personally would I keep more of my savings in crypto-assets since I could easily spend it without all the steps and fees associated with turning it into fiat.

[YanivBLIL]

This is awesome - Finally don't have to convert to fiat to spend my hard earned gains! In Australia, market fees are high and have low liquidity. Will definitely be using Zeex!

[babayaga92]

Even from this site zeex.me you can't buy everything you want and also planning is required because they are not instant delivery options or If you see something in a shop and if you want to buy then you can't buy it from this method.

So the best solution is to convert your cryptos into fiat from any exchange and withdraw money to your bank account then you will have a more freedom to spend your money. Currently, I'm not investing money in cryptos for using it as a currency but I considered it as an investment. I will plan when to sell and when to withdraw money to my bank account.

This is true to an extent.
If you regularly purchase most of your goods from Amazon, usually get your coffee from Starbucks, and spend money on digital games from Xbox for PSnetwork. Then Zeex will definitely be a good option!
I know I personally spend a few minutes to see how much money I can save from a specific retailer who I shop from often. If it thru coupons, cash-backs, etc. Gift cards generally have a nice % saved on them, stack that alongside some great discounted items, you have yourself a bargain!

The reason you invest in cryptos is as an investment vehicle, which is fine. Makes total sense.
But why not spend small amounts of that investment while it goes up?? I'm guessing mainly because it's a tedious task. Having to open your hardware wallet, enter passwords, transfer the coins to an exchange which has fiat withdraw, place a sell order, wait for the money to be sent to your bank.

If all those steps were removed, I personally would I keep more of my savings in crypto-assets since I could easily spend it without all the steps and fees associated with turning it into fiat.

Great point there, the transactional friction in your centralized banks is so pesky. Online shopping is also personally my main way of making purchases. Excited to utilize Zeex and all its perks!