About real state of cryptos

[malikusama]

No doubt Cryptos daily life use isn't possible till now because of high uncertainty in market. Some of the points in article are unclear and the writer have made more questions than explanation.
Anyhow cryptos are still treated and considered as digital valuable assets due to their unique characteristics but crypto lovers are anxiously waiting for the time when they can use cryptos in daily life instantly as digital currency without hurdles.

[michkima]

Hi all. What do you think about this idea - is it possible to actually use crypto for daily payments?
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give your opinion

It is possible, but not with bitcoin nor ethereum. The high prices and slow transactions will not be ideal for merchants and customers to use these. Probably something like ripple is good since it is fast and cheap to use. But the problem with ripple is that it is centralized. However, there are less popular coins that can be used to do this. We just need a concensus with the public which one is perfect.

[Hydrogen]

Hi all. What do you think about this idea - is it possible to actually use crypto for daily payments?

The largest impediment to bitcoin being utilized for daily payments appears to be transaction speed and throughput. Crypto's limited transaction rates and transfer fees may be two of the largest obstacles to the technology being embraced and aside from volatility, probably two of the main criticisms against crypto.

But not to worry. We might fix this. 

Bitcoin's theoretical maximum transfer rate amounts to around 4 transactions per second. There are critics who claim this technology can't scale. Well, here's one potential solution to scaling bitcoin. We could take bitcoin and make 1,000 different altcoin spinoffs from it. Each altcoin could achieve 4 transactions per second, giving us a total of 4,000 transactions per second to work with.

Maybe this is a dumb idea, I don't know. But all of these altcoins and spamcoins could be good for something after all?

[MakeMoneyBtc]

Right now its not possible to use cryptocurrencies for daily payments but I am sure in the future more shops will accept bitcoin and other cryptocurrencies as a payment method because they are becoming very popular since their prices are increasing everyday. I dont think shops will accept payments directly from bitcoin wallets because the volatility of the price they could lose a lot of money after they exchange it to cash. I am waiting and probably is going to launch pretty soon a payment service especially for local shops, supermarkets and other shops that automatically exchanges bitcoin for shops in cash so that we are gonna be able to pay with bitcoin.

[bettercrypto]

We are engaging in the technology right now. And as part of the growing economy, crypto is a useful way to pay our daily consumption and bill. In the near future, it is not anymore a big deal in using of bitcoin in daily payments. Bitcoin as well as other cryptocurrencies can support our daily needs and consumption. The innovation of technology will help for the payments and exchanges to become easy and available.

[batang_bitcoin]

Hi all. What do you think about this idea - is it possible to actually use crypto for daily payments?
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give your opinion

Base on that article, crypto is the new type of money. And if it's about money then there's sure economy that lies behind it. About your question if crypto can be used as daily payments, yes it can. There are many merchants, services and goods that you can avail through it.

[magneto]

Hi all. What do you think about this idea - is it possible to actually use crypto for daily payments?
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give your opinion

I'm not sure about this one.

The trend is increasingly to use bitcoin as an asset, as well as a store of value, hedge against fiat currencies, and a currency for online payments, both of which is proving to be extremely effective so far. However, if you're talking about real life payments, I doubt it'll go mainstream unless bitcoin itself becomes the world's singular currency or something along the lines of that. Very unlikely in the near future, I'd say.

There is always a chance, but for now, BTC's uses are going to pretty much be limited to online. But as more and more people gain regular access to the internet I honestly do not see a problem with that.

[okala]

It is very possible to used cryptocurrencies for daily payment and actually we are going to use it for this purpose in future. However, before that time bitcoin price need to be stabilize and price need to get better than were it is now for investors not to be dumping it.

[btccrusher]

With the rapid growth of cryptocurrencies and wide use of Bitcoin (as of now) it is possible that Bitcoin can enter into every section of the economy at any moment. It's just a matter of time now.

[matjazsircelj]

Hi all. What do you think about this idea - is it possible to actually use crypto for daily payments?
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give your opinion

With current ecosystem hardly. Think long term and layers on top of bitcoin, ethereum or even new coins on blockchain might become accepted for daily transactions.

[Dimid]

What I think? I think that this article advertises project Paytomat.
As for the use of bitcoin for daily purchases, I believe that bitcoin is not suitable for this role, it is more suitable for the role of digital gold, that is, as a means for preserving the accumulated capital.

[Newbie Wong]

I ll send it as gifts to my friends. At least It help our community to understand how crypto transactions work.

[krauzzer02]

For crypto to be used as a payment the price has to be stable. No one wants to accept $100 of bitcoin as payment in the morning for it to be worth only $90 in the afternoon.

There are some cryptocurrency that possesses some potential to be a form of payment rather than a pit of pump and dump groups basically it is more into microtransactions pros rather than a fluctuating asset like the former cryptocurrencies, some platforms already implemented some features to use bitcoin as a form of payment, salary, utility transactions and more but it is lacking that our traditional fiat currency have and it needs to tend that feature in order to fully benefit.

[matuson]

Any coin can be used for everyday life, but we do not allow this to happen. Bitcoin is ready to become the first cryptocurrency to be used in trading. But to do this, you need to solve the scalability problem. The miners are not making concessions. They're only interested in their profits. For profit, they are even ready to destroy bitcoin.

[surfinonmyownwavebaby]

Interesting article and I would like to point out before we can try accepting these currencies in our day to day, they need to be fungible at the rate of 1:1. Currently, I don't think Bitcoin has that due to the historical nature of where it got its popular roots (crime, drugs, whatever). Once we get rid of that stigma, and everybody is on board with the 1:1 equal fungible rate, then we will proceed to an area where we can accept Bitcoin internationally.

[Nick Abimanyu]

It all depends on the government regulations in each country. Japan and the Netherlands are two countries that have proven that bitcoin can be used such as fiat money that we use in our daily life.

[taiwww]

Hi all. What do you think about this idea - is it possible to actually use crypto for daily payments?
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give your opinion

More than enough ways are already out for using over the crypto currencies. There are at least two to three trusted names in the altcoin sections which are having the real estate ICO going on and thus we have that option available too. Are we using it for the daily payments ? Well sort of we are doing that. I mean its been long time and we have opened up many possible ways to use the tokens as means of utility token on the founding websites to avail the products and services available on their website. So it is one and the same thing if you have it from the real world or from the virtual world itself. Yes, all the way positive that we are having some good feedback from the crypto.

[rickadone]

Hi all. What do you think about this idea - is it possible to actually use crypto for daily payments?
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It totally depends on where you are and the level of adoption most especially by merchants in your country. If there are places accepting cryptocurrency in your country, then you can easily make use of it for your daily transactions.

If we are to look at it in a general way, we already know hardly will you see anywhere now where cryptocurrency is being generally accepted in a way that you can easily make use of it as a currency for daily transactions except for Japan which I heard a lot of merchants are accepting it since it the regulation news.

[eaglewhite80]

Hi all. What do you think about this idea - is it possible to actually use crypto for daily payments?
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give your opinion

It is very possible for crypto to be used for daily payments. As the crypto world grows each day, its acceptance by people increases. I know of a school and a supermarket here which accepts bitcoins as medium of payment/exchange.

Yeah! We are all worried about the state of cryptocurrency presently and forgetting the future and how things can easily work out with adoption. So many merchants today are not collecting it for some reasons best known to them, but over time, this mentality will change.

Let's take a look at Japan for instance, things are gradually changing with adoption, you can easily see bitcoin ATMs, you can walk up to a store and pay in bitcoin and so on, if other countries do something similar, adoption will be huge and the volatility some people are referring to will be a thing of the past.

[MainIbem]

Hi all. What do you think about this idea - is it possible to actually use crypto for daily payments?
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give your opinion

There are shops that accepts payment in cryptocurrency.  There are bitcoin ATM machines.  These are strong indicators that every day use of cryptocurrency is possible. However being a new technology and the fact that the government is struggling with control, it cannot be widely used as it is capable of. But there is possibility in the future.