how can i use my altcoins as payments

[richforeign]

so many people are just buying altcoins and erc-20 tokens without even considering how they can be used in everyday life. whats the worth in buying a token or coin and you cant even spend it in the real world because its not accepted as a means of payment. if has no everyday use its not valuable. the main generally accepted coin is bitcoin so to me this is the only coin with value. yes there are a few others, such as LTC,ETH,XEM however bitcoin is the main.

[rahutomo]

You are absolutely right.
But do not we leave all the plans of the developer.
They also develop, from other angles, such as car rental applications and so on.

[bishopcrypto]

Lots of places are taking crypto alts now.

For example, XVG actually has the largest market accepting crypto in Mindgeek/Pornhub and all the companies owned under it. Now talk of Spotify and major VPNs.

More to come for them (dedicated verge debit card!!!) and other fast coins (ltc, eth, dgb, nano).

[ask]

Thats depends on what and where you need to pay. Most of erc20 tokens has low market value and volume so you cannot pay anythinh with those tokens.
But if you are going to pay with EOS I believe you will pay everywhere for sure

[InfiniteGrim]

Yes, you are right, but each coin has its own purpose . Almost all projects are at the stage of origin and do not even have a full product , as soon as they realize their plans then it will be a breakthrough

[maximumK]

i think it is better to convert everything into ethereum or other relevant token or coins to make payment. erc-20 token holding less value than btc. so i think you need more

[rollingstorm45]

it all depends on the agreement of all parties involved transactions
when a seller accepts ETH as a means of payment
and a buyer has an ETH, it is not impossible that a mutual transaction takes place

[bttmember]

If you are asking specifically for payments then there are 2 options, first option is to convert your alt to eth or btc  as they are widely accepted for payments or you can use wallets or platforms that convert alts to usd and can be used for payments like coinpayments.

[deevan]

Some of the altcoin/ERC20 tokens that are currently emerging in the market doesn't mean to have a project based on the payment system. They simply based on their project which can be of any category like Energy, AI, Software infrastructure, gaming etc. Of course you can use ERC20 tokens or altcoins in their own ecosystem as what they are going to provide like buying a product or service with their altcoin but you can't use them as a payment in grocery store because they aren't built for that but you can trade them on an exchange like Ethereum and then trade to ETH~USD and get the money transferred to your account. You can only use those tokens as a payment system in your daily life which have a project that provides payment services, and once they grow their project & partnership with big business in the market.

Let's take stocks market example, you buy stocks with your fiat money but you can't use your market share stocks as payment in a grocery shop. right? you have to sell your stocks & get fiat money and use your fiat money as your daily expenses.

So it's same long-term investing in crypto or stocks market. Your stocks market share also depends on some business which is having a project and altcoin shares is also depends on an existing project too. Both are investments, not a payment system. Hope it clarifies.

[MISS_nSTASSY]

Yes, Bitcoin is the main cryptocurrency now, not by capitalization only but it is the only cryptocurrency that is legalized in some countries as payment method.
However cryptocurrency is not only payment method or electronic cash, especially erc-20 tokens that you have mentioned. Some of them are utility tokens, such things that are being used in their ecosystem only.
And many people prefer to use altcoins for payments where they are allowed in cryptocurrency, not bitcoin. Because of the price of transaction fee.
All will spread with the time, don't worry. First time dollar itself was only in America, now it is the currency that everyone knows about