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Author Topic: when cryptocurrencies can be used to buy basic needs?  (Read 2787 times)
blockcainproject (OP)
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July 31, 2018, 05:05:08 AM
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 A lot of projects are going on blockchain and new cryptocurrencies are being launched day by day but when can we actually see  them floating in real market for real use cases like buying a cigarette or bread? is it possible?
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trungdlvn
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July 31, 2018, 05:17:09 AM
 #2

I think when the problem of confirmation waiting first, the payment will be come instant, at that time, we can think of using it for daily using.

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July 31, 2018, 05:24:35 AM
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I think it's still not very realistic at the moment, because the throughput of individual tokens is still unresolved.
If you want to use it on a large scale, the throughput needs to improve dramatically. Grin

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Jamesdila1
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July 31, 2018, 05:28:01 AM
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i think its not far away. even Australian airports accept crypto, microsoft accept crypto and thousands of other companies. so i think that day will come soon . crypto is spreading fast around the world

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krassy
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July 31, 2018, 05:28:15 AM
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The more often you ask in stores whether they accept payment in cryptocurrency,the faster the cryptocurrency will enter the daily life and it will be possible to pay for it for basic needs)))
blockcainproject (OP)
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July 31, 2018, 05:34:59 AM
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i think its not far away. even Australian airports accept crypto, microsoft accept crypto and thousands of other companies. so i think that day will come soon . crypto is spreading fast around the world
Airports, microsoft these entities are accepting but this is not even .001%. what about the mass adoption? when can we expect that?
Vit83
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July 31, 2018, 05:46:11 AM
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IMHO the best chance to become successful on this way have Litecoin foundation) They bought part of the bank and trying to make a gate to real world. But already there some working products like epayments, PAy, Monaco. As I understood they all have some problems with regulation. IMHO we should for regulation from G20 to get real secure gates to fiat.

btcefeyigit39
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July 31, 2018, 05:49:44 AM
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crypto money market needs to develop and grow a bit more. it must first be successful in instant transactions. then the prices should not fluctuate so quickly. every area can be used if assured by governments.
Herbert2020
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July 31, 2018, 05:53:21 AM
 #9

when the things that are being released started becoming cryptocurrencies instead of being useless things created and only used to be pumped and dumped so that people can make profit from the manipulation process and out of gullible newbies pockets.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
the13thsymphony
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July 31, 2018, 05:58:23 AM
 #10

It will still be long before that as there are still many establishments that are not convinced with cryptocurrency and do not want it as it is very volatile. The only way it can be used by such vendors or establishment is if either its volatility has been minimized to the point where it is stable in a specific price or it will have a backing from a government.

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July 31, 2018, 06:12:06 AM
 #11

oh i think it will not happen soon. But it is possible. Cryptomarket needs time to develop and become stronger
toddmichael
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July 31, 2018, 06:34:12 AM
 #12

There are a lot of difficulties in mass adoption. first of all the technology penetration has to be there and awareness about the blockchain, how it works?, what are the merits and demerits. without that it is impossible to reach to the masses.
mariomerula
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July 31, 2018, 06:37:02 AM
 #13

There is some project that has some goods on its platform but they are very few, expecially because it's only too early for that. Crytpo world has to become bigger for that purpose.

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Kathy2393
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July 31, 2018, 06:37:35 AM
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It can only be achieved when market frauds will come to a halt and trust will develop among people. It is definitely going to take more time than we think.
GantVolnov
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July 31, 2018, 06:40:57 AM
 #15

A lot of projects are going on blockchain and new cryptocurrencies are being launched day by day but when can we actually see  them floating in real market for real use cases like buying a cigarette or bread? is it possible?

This requires that at least one country legalizes crypto-currencies. In order for the central bank to cure that crypto currencies are safe for investment and use. After that, we really can see the breakthrough and the market capitalization will skyrocket. I think that this will not happen before 2020, because people are not yet ready for this.
Kathy2393
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July 31, 2018, 07:27:25 AM
 #16

A lot of projects are going on blockchain and new cryptocurrencies are being launched day by day but when can we actually see  them floating in real market for real use cases like buying a cigarette or bread? is it possible?

This requires that at least one country legalizes crypto-currencies. In order for the central bank to cure that crypto currencies are safe for investment and use. After that, we really can see the breakthrough and the market capitalization will skyrocket. I think that this will not happen before 2020, because people are not yet ready for this.
But which one will be the first to be that country?
ub27
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July 31, 2018, 07:29:58 AM
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A lot of projects are going on blockchain and new cryptocurrencies are being launched day by day but when can we actually see  them floating in real market for real use cases like buying a cigarette or bread? is it possible?
When the states accept the use of cryptocurrency. At that time we will see the cryptocurrency used to buy things in life. But it will take a long time to see that
blockcainproject (OP)
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July 31, 2018, 07:33:16 AM
 #18

A lot of projects are going on blockchain and new cryptocurrencies are being launched day by day but when can we actually see  them floating in real market for real use cases like buying a cigarette or bread? is it possible?
When the states accept the use of cryptocurrency. At that time we will see the cryptocurrency used to buy things in life. But it will take a long time to see that
But do you think states will legalize it? seeing the current scenario (korea,china,india) are putting a ban on these.
Kate Beckett
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July 31, 2018, 07:35:55 AM
 #19

Crypto currency will be used in everyday life when they become more in demand. For this, electronic money needs to become stable and more predictable. People should stop being afraid to use crypto-currencies.
Andruha1993
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July 31, 2018, 07:45:52 AM
 #20

I think we will see this in the near future, because every month the crypto currency is becoming more popular and popular. Many people start to be interested in it. Therefore, there are such people and will do so that crypto can be used in everyday life.
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