[2015-12-10] European Interest in Contactless Payments Creates Bitcoin Adoption

[jdebunt]

Customers all over the world are looking to gain access to more convenient payment methods for everyday purchases. Cash transactions prove to be quite a hassle at times, and consumers want to spend as little tile as possible on making payments. Contactless payments are an answer to this solution, and this form of payment is gaining a lot of momentum across all of Europe. In the long run, this could benefit Bitcoin adoption as well.

http://themerkle.com/news/european-interest-in-contactless-payments-creates-bitcoin-adoption-opportunities/

[Mulsters]

"But there is some positive news too, as the number of cards equipped for contactless payments will treble by 2020, increasing its market share to nearly 40% of all European payment cards. Just increasing the number of contactless payment cards on its own is not sufficient, though, as payment terminals will need to be upgraded as well."

For bitcoin payment, you just need a smart phone which can scan the QR codes. It is much cheaper than the contactless equipment.

[Kprawn]

In a sense I do agree with this article... The more people use contactless payment options, the easier it would be to grasp the advantages of Bitcoin and people would be more

willing to experiment with new methods. The disadvantage would be that Bitcoin would receive more competition and will end up with a much smaller market share.

The other question would be, if Bitcoin would be able to handle mass adoption on that scale, if we continue quibbling over block sizes.