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Author Topic: Bitcoin is being accepted as method of payment by more and more businesses  (Read 1021 times)
IQ_Coin (OP)
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September 25, 2017, 11:59:22 AM
 #1

Should other cryptocurrencies follow this lead?

https://medium.com/@IQ.Option/what-can-you-buy-with-bitcoin-the-most-unique-products-from-6-countries-eff66f2e938a
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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September 25, 2017, 12:03:23 PM
 #2

It is simply because bitcoin is really something that it already make its name in the crypto world.  Bitcoin is tested and proven and as the first digital currency it should be recognized as the most used and well known digital currency.  I also saw on a documentary that some stores in New York already accepted bitcoin.  It just shows that bitcoin is the new money for this generation and that is without a doubt.
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September 25, 2017, 12:10:29 PM
 #3

Definitely! I The more cryptocurrency available in the market the more it will easily be adopted by the people who are not yet aware of the technology.

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September 25, 2017, 12:15:03 PM
 #4

Even Burger King started to accept its own cryp currency in Russia created on waves platform even lots of Ico coming up with own marketplay like centra having its own cbay where people can utilise token for online purchase.
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September 25, 2017, 12:16:47 PM
 #5

I think it will take more years until other Cryptos to be accepted as a transaction method, but for now Altcoins will serve as a trading paraphernalia for bitcoin you will need to sell your Altcoins to simply use it, but we will see if in the future, maybe other coins can surely be accepted as a method of transaction on other countries because it has the same idea and technology as bitcoin, or maybe we can see it in the popularity of a coin.
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September 25, 2017, 12:23:42 PM
 #6

Even Burger King started to accept its own cryp currency in Russia created on waves platform even lots of Ico coming up with own marketplay like centra having its own cbay where people can utilise token for online purchase.
when this coin will be available all over the world I like the idea of burger king and if that can be adopted by more business and if they will create more system
that will cater bitcoin or any other crypto it will bring a huge value in the near future.
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September 25, 2017, 12:34:31 PM
 #7

It is very exciting to see, heard and read article like this that bitcoin and other crypto currency now a day are being accepted on physical stores and physical businesses. Unlike before i was using bitcoin just to purschase online like games and other stuffs.

Bitcoin as the first cryptocurrency and leading cryto should be given an acknowledgement to be first use in more physical store. Also it have proven and tested in some different area that might been having some issue but still on top.
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September 25, 2017, 12:50:38 PM
 #8

I think it is bound to happen after bitcoin reaches such high value and popularity. Other business services are just going with the flow following the trend Bitcoin  is having.

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September 25, 2017, 01:18:06 PM
 #9

I like threads like this, its nice to see developments in bitcoin acceptance.
I wasnt aware burger king had its own crypto in Russia and i would like T
o see a world wide roll out of that.

As for bitcoin, its to volatile at the moment.for mass adoption

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September 25, 2017, 01:19:55 PM
 #10

Should other cryptocurrencies follow this lead?

i would love to see other altcoins follow and hope that we can see some real competition in the market for real adoption. but so far we have seen not much of any attempt from these altcoins. there has always been a lot of talk though! they claim to be in contact with merchants but months come and go and we see no action from any altcoin!

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September 25, 2017, 01:40:31 PM
 #11

Bitcoin is being accepted in lots of places, but not many people are using it.

In the last 24 hours there were only 204,224 transactions on the bitcoin network:

https://bitinfocharts.com/comparison/bitcoin-transactions.html

That's a third down from it's peak.

If nobody uses the coin, then the merchants will disable the "pay by cryptocurrecy option", as too expensive to maintain something not used.

 
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September 25, 2017, 02:08:18 PM
 #12

Bitcoins has become more popular in past few years, more people have adopted the bitcoins and now they are willing to transact with the BTC for their regular day to day ransactions. Hence, many service providers has started accepting the bitcoins as a mode of payment and we can see increase in the numbers of such businesses in the future.
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September 25, 2017, 02:14:03 PM
 #13

In the last 24 hours there were only 204,224 transactions on the bitcoin network:
sadly that is not the number of transactions that people make as "payment". that number is a lot smaller. that is mostly people transferring bitcoin to exchanges, gambling and lots of other things.

Quote
If nobody uses the coin, then the merchants will disable the "pay by cryptocurrecy option", as too expensive to maintain something not used.
most of the merchants use services like Bitpay and that has no "maintenance cost"

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September 25, 2017, 03:21:41 PM
 #14

Bitcoin nowadays was being used by different merchants all around the globe. Before bitcoin was being accepted as payment only in online but now it leveled up because there are some fine dining restaurants, fast food and coffee shop are also bitcoin accepted. Which is no wonder that someday it will be accept by the public business sectors to use bitcoin as payment too.
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September 25, 2017, 03:46:37 PM
 #15

Bitcoin nowadays was being used by different merchants all around the globe. Before bitcoin was being accepted as payment only in online but now it leveled up because there are some fine dining restaurants, fast food and coffee shop are also bitcoin accepted. Which is no wonder that someday it will be accept by the public business sectors to use bitcoin as payment too.
And this is the thing we are do all hope on which it would gradually be accepted by merchants globally which we can able to spend directly our bitcoin without the need on converting our bitcoin.Thanks for the link by the way on which I do know only on some places but now seeing on the list they are lots already which is great which really proves that adoption is always on the move.

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September 25, 2017, 03:59:31 PM
 #16

adoption of bitcoin is increasing day by day, that part is true. but it doesn't mean the whole cryptocurrencies are following the path. of course bitcoin's fame brings a lot of attention to altcoins too but most of that attention will be disappointed and the rest will just use them as investments for short term to make more of bitcoin.

There is a FOMO brewing...
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September 25, 2017, 04:08:50 PM
 #17

as of today, mcdonalds thailand is in test to accept btc as mode of payment.
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September 25, 2017, 04:44:59 PM
 #18


Other cryptocurrency must do the same. Many altcoin out there were made on a specific goal and usage as well as a specific field or industry and it should be the right time for them to do what they are intended to do. There might be some competition, though. However, this is common in marketing so if the other cryptocurrency follows what Bitcoin is doing, cryptocurrency will be widely known around the world in no time.

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September 25, 2017, 04:52:46 PM
 #19


I think there were 10 countries that accept bitcoin an additional method of payment. There's also news that Amazon is accepting bitcoin payment when buying products. Since Bitcoin is becoming so popular lots of businesses will adopt Bitcoin an additional method of payment in days to come.

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September 25, 2017, 05:05:10 PM
 #20

There's also news that Amazon is accepting bitcoin payment when buying products. Since Bitcoin is becoming so popular lots of businesses will adopt Bitcoin an additional method of payment in days to come.

Everything related to the recent Amazon "news" is just speculation based on absolutely nothing. I don't understand why people tend to take everything so seriously without any factual information. Other than that, merchants are interested in attracting more potential customers, and now Bitcoin is quite booming in the recent years, we'll see more and merchants try to ride it by allowing Bitcoin payments. How epic would it be to walk into a McDonald's restaurant and order an entire menu for 0.001 BTC in the next years?  Grin
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