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Author Topic: Will Bitcoin be used easily in real world purchases soon?  (Read 150 times)
goldenwikiD
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May 18, 2018, 10:13:04 PM
 #1

I hope so! Is there any technology that exists right now that I'm not aware of that allows for goods & services to be purchased or sold online or in person the way we use Venmo or Paypal?
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May 18, 2018, 10:21:03 PM
 #2

Many.

There are tons of merchant processors like BTCPay, Bitpay, Coinbase, Coinpayments and many more... You could also do by yourself without any 3rd party with Bitcoin libraries that generate addresses, or just giving your Bitcoin address to the buyer, etc... Anyways, there are tons of things you can do/use to accept crypto payments. It's not hard. We just need to make merchants accept those methods of payment.

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May 18, 2018, 10:47:00 PM
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I believe in few years to come, Bitcoin will be used for worldwide purchase, recently the adoption of Cryptocurrency is immense
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May 19, 2018, 04:42:38 AM
 #4

All this time, we knew that the money, credit card, ATM, etc can be used  as a currency exchange in real world purchases. Now, we know in some countries that Bitcoin could be used as a currency exchange in real world purchases. I am sure that it's will continue to grow. As soon as possible Bitcoin will be used easily in real world purchases. Maybe in the next 5 till 10 year.
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May 20, 2018, 07:56:45 AM
 #5

Personally I doubt whether bitcoin will be used for real world purchases soon. More likely that things might b priced in BTC but actually transacted with another altcoin that will be pegged to btc price. i see atomic swaps taking place in the backend such that on the user side doesnt matter what coin they hold. so the vendor might price in btc but the actual transaction might not be btc.
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May 20, 2018, 06:32:54 PM
 #6

Bitcoin transactions are too slow for mainstream adoption in offline retail. Transaction fees is another beast.

Bitcoin will no doubt be the backbone of the crypto ecosystem for a long time to come, but for in-store purchases, there will be other and much better solutions.

Such as our very own! Watch out for our coming ANN. You're gonna like it.

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May 20, 2018, 08:56:13 PM
 #7

I hope so! Is there any technology that exists right now that I'm not aware of that allows for goods & services to be purchased or sold online or in person the way we use Venmo or Paypal?

There are not much currently but in the near future more and more merchants will get to embrace the technology.
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May 20, 2018, 09:19:32 PM
 #8

I hope so! Is there any technology that exists right now that I'm not aware of that allows for goods & services to be purchased or sold online or in person the way we use Venmo or Paypal?

bitcoin is increasingly losing its popularity again, and is being replaced by a bunch of POS coins

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May 20, 2018, 09:28:07 PM
 #9

Yes, for sure. Sooner or later Bitcoin will use as payment system just like or more than enom or PayPal because there are already some peer-to-peer online marketplace(openbazaar) where people trade with physical goods, digital goods, and services and they Initially supported 44 cryptocurrencies but there there version 2.20 currently support bitcoin, bitcoin cash and zcash as payment.


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May 20, 2018, 10:30:25 PM
 #10

I hope so! Is there any technology that exists right now that I'm not aware of that allows for goods & services to be purchased or sold online or in person the way we use Venmo or Paypal?
Certainly,there is alot of challenges that faces Bitcoin to become as fluid as normal payments modes such as Paypal because of PoW limits (transactions times,fees) but we clearly see some upgrades like the lightning network,segwit that will help Bitcoin become more used as a currency.

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May 21, 2018, 07:45:31 AM
 #11

Just use Google to find your local "Payment processor" that added Bitcoin as a payment option. I was into Bitcoin for 2 years, before I found out that one of my local Payment processors, that I used often, handled Bitcoin payments. The thing is, you local Payment processors are also linked to your local Bitcoin exchanges and this makes payment much easier.

The KYC/AML stuff is also covered on both Payment processors and local Exchanges, so it makes payments hassle-free. When people use these exchanges and services, the Banks usually do not have a problem processing the deposits. 

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May 21, 2018, 09:28:06 AM
 #12

Yes I think this can happen. In real world purchases bitcoin will have a large number of contribution. This is also a next generation proccuder for the purchase things by the cryptocurrency. Also bitcoin is going to be used in many things .
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May 21, 2018, 12:24:06 PM
 #13

I doubt if it will be used "easily" but I believe there will be some uses for bitcoin in the future. The thing here with the bitcoin is that, so many people are quite skeptical about it due to not having an "intrinsic value".
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May 21, 2018, 01:23:41 PM
 #14

I think bitcoin will soon be used in real purchases soon. For now bitcoin are being converted to real currency to have a purchasing power. But as the fast facing technology we are now a day, it wont be possible if one of this days bitcoin or the crypto currency will also have a purchasing power in the online world.
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May 21, 2018, 01:51:22 PM
 #15

As far as I know, there already places that accept crypto as means of payment for services and products.
As for mass adoption of it, currently it's a bit inconvenient for instant purchases, as fiat or bank cards can be easier still.
But i'm sure that's gonna change in some years
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May 21, 2018, 07:46:07 PM
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That is the future of bitcoins,but if current network fees is charge for transactions, then it will make no wisdom to use bitcoin to purchase a $2 coffee and pay a fee of $3
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May 21, 2018, 08:00:03 PM
 #17

until now bitcoin only can use buy digital product
sample domain name, hosting , vps and more, still not support in amazon ebay alibaba market etc
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May 21, 2018, 08:34:10 PM
 #18

I hope so! Is there any technology that exists right now that I'm not aware of that allows for goods & services to be purchased or sold online or in person the way we use Venmo or Paypal?
Right now ? Bitcoin sold more goods & services a few years back  on the dark-web then it is doing on the service web at the moment.If you find the right resources, you can buy whatever you want with bitcoins.VPS's servers, laptops, other digital goods which are sold for bitcoins on a much larger scale.Like I said, you need to find a trusted service.

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May 21, 2018, 09:31:52 PM
 #19

Although this isn't much of a huge network effect today, in Paris, France there is La Maison du Bitcoin.

They offer to be a central place to conduct sales and purchases in cryptocurrencies. If they succeed in scaling, then more and more purchases can be done in the real world.
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May 21, 2018, 10:06:12 PM
 #20

Probably, there are even now many products for that, but because of fee, I don't think it is good method to make payment but spending crypto in real world is very easy.

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