Will Open Money make crypto go mainstream?

[bobsav2121]

Lots of people are wondering what the next big deal in crypto will be.

What will take us from lingering on the fringe and push this technology out where everybody is interested?

Here are a few ideas:

1. Making it easy to transfer from crypto to fiat. Projects like bitpay, VIVA's Galaxy Vault etc. are working to make it simple to move money between the crypto world and the fiat economy.

2. Consumer Apps - projects like Open Money are going to facilitate the integration of crypto into mainstream apps like games, dating apps and all sorts of mainstream software.

3. Non profit initiatives - will charity coins break down the barrier? Coins like 2Give are sure trying!

Anyway, what do you think?

Leave a comment below!

[5ensei]

It will require computer literate people first so targeting an industry like gaming seems like a good move. They are already using computers so may as well add some cypto as well.

Some stabilisation is also necessary, bitcoin swings too much and the rest of the coins follow

[reppo]

Here are a few ideas:

1. Making it easy to transfer from crypto to fiat. Projects like bitpay, VIVA's Galaxy Vault etc. are working to make it simple to move money between the crypto world and the fiat economy.

2. Consumer Apps - projects like Open Money are going to facilitate the integration of crypto into mainstream apps like games, dating apps and all sorts of mainstream software.

3. Non profit initiatives - will charity coins break down the barrier? Coins like 2Give are sure trying!

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[alexrums]

2. Consumer Apps - projects like Open Money are going to facilitate the integration of crypto into mainstream apps like games, dating apps and all sorts of mainstream software.

I adhere to this concept of development! Because the future behind the crypto currency, and not for fiat means or bonds!

[amagra11]

I think cryptocurrency will go mainstream when/if a couple of things happen.  First, it will go mainstream if it is somehow easier for people to use cryptocurrency for something than it is for them to use fiat.  For example, I believe that one reason Bitcoin was so popular in China is because it's an easy way to move money out of the country.  

Secondly, I think it will go mainstream when people become convinced that it's not a bubble that's going to eat up their hard-earned money.  Lots of news sources are calling it a bubble.  The higher Bitcoin goes, the more it's called that.  So...when will people stop thinking it's a bubble?  I'm not sure.  Maybe it will take a few years. Or maybe it will happen when a fiat currency has problems, and Bitcoin doesn't.  

Thirdly, I think people will start to use crypto when they see others using it, and when HOW to use it is not such a mystery to them.  As for how to help it become more mainstream...I think one way it will happen is one brick-and-mortar store at a time.  If there are places in the real world (as opposed to the online world) that accept Bitcoin, people will fear it less.  They might not start using it, but they will be more open to it, and less inclined to avoid it.  This would also be a good opportunity for store owners to explain to them how they can start using it, and what its benefits are; as I said, people will also accept it more when they know an easy way to use it.  Right now, if you're interested in using Bitcoin, there's a lot of information out there, but how do you know which method is best?  I think that a good way to encourage the use of cryptocurrency is if, for example, when Open Money allows people to use cryptocurrency in apps, it also offers an easy guide for people to start using crypto.  What websites to use and trust, for example.

[slaman29]

Lots of people are wondering what the next big deal in crypto will be.

What will take us from lingering on the fringe and push this technology out where everybody is interested?

Here are a few ideas:

1. Making it easy to transfer from crypto to fiat. Projects like bitpay, VIVA's Galaxy Vault etc. are working to make it simple to move money between the crypto world and the fiat economy.

2. Consumer Apps - projects like Open Money are going to facilitate the integration of crypto into mainstream apps like games, dating apps and all sorts of mainstream software.

3. Non profit initiatives - will charity coins break down the barrier? Coins like 2Give are sure trying!

Anyway, what do you think?

Leave a comment below!

The thing is, apps like Open Money have already existed... I think the idea of all these decentralised apps are good, but I have a feeling that the market is still too small to have so many competitors. I think about decentralised exchanges for example. In terms of integration crypto into mainstream apps, it's probably still going to take a while. It might start with individual industries. In this case, gaming is going to be first successful one. People there are very willing to embrace crypto, since for them, it's just the bridge between game/virtual currency and fiat.

[flag39]

We have to accept that blockchain technology is going fast forward but the user base is still limited,
To make this technology user-friendly for most people I think, easy transfer to fiat is a good path
to follow, but there is a better one, which renders the transfer to fiat useless. that's what Open Money
is doing, through consumer apps making crypto usable directly to online services which ware already wide -spread

[Chamone]

People who are unfamiliar with blockchain won't care about it until they need to. There needs to be some kind of popular, breakthrough app that will get peoples attention and play on their 'fear of missing out' to get them actively involved.

I think the route of Open Money will be the best way forward. It should be integrated into new apps but not overly complicated that scares away the beginner.  

[marromaserati]

I adhere to this concept of development! Because the future behind the crypto currency!

[kl0ndike]

People will likely not care about blockchain itself, but will become the end users.  Technology like this is needed for democratic voting, disrupting asset driven markets making real estate and ownership as accessible as the stock markets, creating trusted transactions driven by smart contracts that take the risk out of transacting. 

If OpenMoney can drive development, it can go mainstream.  We can’t be satisfied with a coin alone. 

[Ruta5150]

How cool to see a company that did a token launch actually deliver its functional system a few weeks later. This is how it's supposed to be.Currency designed to enjoy demand growth and liquid supply reduction via at least three distinct, core innovations.

[cantdecide]

Open Money will be one of the reasons why crypto go mainstream, for sure!

[IstMarketing]

Open Money glad to be in this community great bounty organization and lot of fun in telegram chat nice to be a part of family

[fcoin3008]

In my opinion, what is happening now is one more step towards the intellectual progress of mankind. Such projects show us that regardless of race and location, people can unite and do a large amount of work, for a short period of time. In the near future, thanks to such projects, a new technological and information leap of humanity must occur. And who is currently engaged in this, will proudly tell his grandchildren that he participated in this. Perhaps by the same joint efforts we manage to conquer the cosmos.

But in spite of this, only a small number of people know about all these projects, crypto currency, blockchain, etc. I have to tell my friends and colleagues for a very long time what it is and why it is needed, and what will be the use of it. Therefore, our primary task is to tell this to as many people as possible. And then, there will be a lot of projects like Open Money. But you will be the first, and therefore the most experienced
That's why, we need to support this project with all our efforts.

[serggg]

Few such proposals in the network. I think this is one of the best bounty programs. The contest is really cool and would love to win one of the prizes. I will ask friends who are investing in the Internet. Good luck with this project!

[cryptzolo]

I am happy to support you guys.Project is interesting....
Great project, good development making big job.

[yan.markevich]

1. Making it easy to transfer from crypto to fiat. Projects like bitpay, VIVA's Galaxy Vault etc. are working to make it simple to move money between the crypto world and the fiat economy.

2. Consumer Apps - projects like Open Money are going to facilitate the integration of crypto into mainstream apps like games, dating apps and all sorts of mainstream software.

Maybe

[oek736]

If I present a dollar, a peso, a euro and so on to someone in a country and expect that something of value be provided back that is generally considered reasonable. However, is it really reasonable? It is a piece of paper. It isn't really backed by anything anymore, like gold for example, it is backed by faith. Governments can and do print more on their own whims. In parts of Africa and South America this has led to economic destabilization and inflation. However, wherever you go in the world, people have faith that the piece of paper holds value and can be exchanged for value. They just believe it. So, it works.

Picture this. The entire power grid goes out and stays out for six months. Everything is electronic or run by electronics. How does gasoline get pumped, how do groceries get paid for, how do ATMs work, and so on. After some period of time, people want to eat and paper just doesn't have the faith it once did. I believe things then devolve to a barter system. With a barter system, people set the value of things and trade based on a mutually agreed upon value for items to exchange. That central government that issued the paper, that was perceived to have value, just doesn't have the credibility it once did. The paper loses value because the faith isn't in the government like it was.

What about a resource that is finite, predictable in amount, and not controlled by a central government on a whim. An instrument that can transcend borders and when carried around the world doesn't need to be changed from peso to dollar to euro. It has value just the way it is. People have faith in it precisely because it is portable (not like a bag of gold), universally understood to have value, easily transferred and can be carried around on their phone. So, they can carry it around with something that they already have on them anyway.

In some respects I am describing a credit card. Most people in the world would recognize it as a credit card or even a debit card. However, not everyone has perfect credit or wants to carry around a stack of cash if they don't have perfect credit. They want something portable, that is as useful as cash, and they believe would have value through a crisis and after a crisis. Not a credit charge that they may receive disbursement from the card company in the future. Not cash that they have to carry around. Something portable, payable now, and universally understood to have value.

We are very close right now to breaking through with Bitcoin and with it being slowly tied to traditional cards or being used in lieu of a local currency. However, ease of use, faith in value and portability are not quite there yet. As the ease of use happens, with things like Open Money, will it even be necessary over time to worry about fiat? Things like Open Money help transcend fiat and people think and transact strictly in cryptocurrency. This may go a lot faster than people think. The internet, tablets, cellular phones, they started a little bit slowly then just took off and were mainstream. The reason is that they were easy to use. People no longer worried about transferring something from a tablet or phone to their desktop computer, they just tossed out the desktop computer. Open Money helps make things easier where people just say, why do I need to worry about fiat, I get paid in and operate in cryptocurrency. I trust it more than what a central government provides. It just happens and then people think isn't that how it always has been, just like a 10 year old with a tablet.

[Valiantsinen]

I think that the application will push crypto currencies up because it is very convenient and works better on mobile devices than through a browser. Agree that it will be very convenient to calculate for certain services in applications with crypto currency. Success to your project with the best regards Valentin

[active.participator]

Of course, there are a number of difficulties - how to integrate this into applications, how to properly configure the interface - to be intuitively clear what and how to do. But Open Money will cope with any complexity, and I'm sure that they will win people's trust!