Merchants Adopting Coins

[batang_bitcoin]

Merchants will always rely to those coins that are dominating the market.

They've been into few coins only. I rarely see merchants that are accepting altcoins like Nano but there must be some individual merchants that are also building up their portfolio has their very own favorite coins. But the most adoptable one are monero and litecoins excluding bitcoin and ethereum.

[talkbitcoin]

Every month we are seeing various coins adapted/used for big merchants or retailers, but untill now no coin is dominant in this niche.

i am honestly surprised by this statement!
would you mind giving us a list of these big merchants that are accepting altcoins as payment every month? i am curious to know them since i have not seen any new big merchant adopting bitcoin for some time, let alone do it for altcoins!

Yes, Monero - is Godfather in blackhat adoption but still - no dominance.

people don't want that kind of anonymity and possibly because Monero is associated with illegal activities it can't get that kind of adoption.

Nano - with it`s 0 fee and insta payments..

and it is centralized in many ways since the processing of transactions can not be done by regular people.

LTC - with it`s LTCpay and lightening network implementation..

LTC is the only coin that has actual usages and has some potential in the future but the problem with it is that it is a copycat coin.

[seregaleon]

In my opinion, etherium or bitcoin will dominate the sale or payment of various services!

[jvdp]

Merchants will always rely to those coins that are dominating the market.

They've been into few coins only. I rarely see merchants that are accepting altcoins like Nano but there must be some individual merchants that are also building up their portfolio has their very own favorite coins. But the most adoptable one are monero and litecoins excluding bitcoin and ethereum.

None other than bitcoin and ethereum is the main coins which is top in the market. Do you like to go with the others coins if you are merchant and accepting cryptocurrencies. All the people will expect the good coins to invest and make the profit.

For that case bitcoin is the perfect solution on making payments and etc...

[karthcrypt]

Merchants and many website have been adopting don't cryptocurrency from time in the last,  what I found lacking however is the continuity and improvement on existing payment infrastructure adopted!  

[batang_bitcoin]

Merchants will always rely to those coins that are dominating the market.

They've been into few coins only. I rarely see merchants that are accepting altcoins like Nano but there must be some individual merchants that are also building up their portfolio has their very own favorite coins. But the most adoptable one are monero and litecoins excluding bitcoin and ethereum.

None other than bitcoin and ethereum is the main coins which is top in the market. Do you like to go with the others coins if you are merchant and accepting cryptocurrencies. All the people will expect the good coins to invest and make the profit.

For that case bitcoin is the perfect solution on making payments and etc...

There's no argument and debate if its about bitcoin acceptance. We all knew it that all merchants are preferring to have bitcoin rather than a coin that's no big volume and no mass adoption in the world. It's like a safe bet that they are accepting bitcoin and in terms of online currency, its like the dollar of the world. But merchants are for sure traders and investors as well and they can decide on what altcoin to accept.

[Asimmo]

Lately, Nano tends to mention merchant adoption function for Nano payments more and more..
Seems they are directing to that direction, but as you mentioned here - safety remains concern in this case.
I guess, in the end, LTC and Nano will compete for this niche.
No others are seen on horizon yet..

[sareineella456]

Seems to be mostly just bitcoin thats accepted in a lot of places to me, just so much more well known.

[Asimmo]

Every month we are seeing various coins adapted/used for big merchants or retailers, but untill now no coin is dominant in this niche.

i am honestly surprised by this statement!
would you mind giving us a list of these big merchants that are accepting altcoins as payment every month? i am curious to know them since i have not seen any new big merchant adopting bitcoin for some time, let alone do it for altcoins!

Most recent what I have heard:
Lionfood is now accepting Viacoin!
https://medium.com/@viacoin/lionfood-is-now-accepting-viacoin-1e49c619d9aa

Nano - with it`s 0 fee and insta payments..

and it is centralized in many ways since the processing of transactions can not be done by regular people.[/quote]
Yes but Visa payments aren`t totally decentralized as well, but billions use it.
Medium level centralization is acceptable as for now..

LTC - with it`s LTCpay and lightening network implementation..

LTC is the only coin that has actual usages and has some potential in the future but the problem with it is that it is a copycat coin.[/quote]
Yes, it`s copycat but if it will be properly equipped in the future for widespread payments - why not.

[chocolaty]

I don't think there is a perfect coin for that. We cannot really demand a coin to have low fee, good design etc. all at the same time. Bitcoin, as of now, is the most widely used coin because maybe for the reason that it is the pilot coin. It has gained its fame. Other coins like the ones you mentioned are superior in their own kinds.

[Red-Apple]

I don't think there is a perfect coin for that. We cannot really demand a coin to have low fee, good design etc. all at the same time. Bitcoin, as of now, is the most widely used coin because maybe for the reason that it is the pilot coin. It has gained its fame. Other coins like the ones you mentioned are superior in their own kinds.

it is simply because bitcoin is working fine!
it is the safest coin both based on its code since it is reviewed my many cryptography experts and not just one or two centralized developer. and also based on its network as in hashrate, distribution of mining, and distribution of nodes.

[ezakmisd]

Hello, I think she'll move up. The main thing is to look in what direction and analyze the whole situation and everything will be fine. Interesting project, most importantly develop it and do the right thing. If you do nothing, the project will fall and there will be no result.

[Cubanlinx81]

Retail adoption of many crypto currency is in full effect right now. The ones you listed to also include Dash are actually the first crypto currency’s to emerge as real use cases in the world. Looking forward I expect to see a lot more of these type of currency’s are taking over.

[crzy]

Merchants will always rely to those coins that are dominating the market.

They've been into few coins only. I rarely see merchants that are accepting altcoins like Nano but there must be some individual merchants that are also building up their portfolio has their very own favorite coins. But the most adoptable one are monero and litecoins excluding bitcoin and ethereum.

Merchants wants to makes sure that they will accepting legit coins and that is why they are just focusing on the top coins for now. We don't need to worry about that because if you are a good coin in the future, for sure you will still be accepted around the world. We are growing now, and this kind of adoption will happen around the world. Invest now because cryptomarket is the future.

[Asimmo]

I don't think there is a perfect coin for that. We cannot really demand a coin to have low fee, good design etc. all at the same time. Bitcoin, as of now, is the most widely used coin because maybe for the reason that it is the pilot coin. It has gained its fame. Other coins like the ones you mentioned are superior in their own kinds.

it is simply because bitcoin is working fine!
it is the safest coin both based on its code since it is reviewed my many cryptography experts and not just one or two centralized developer. and also based on its network as in hashrate, distribution of mining, and distribution of nodes.

But LNless BTC isn`t convenient for payment yet.

[Asimmo]

I think Nano a currency that is still extremely insecure. I would never have the guts to use it for buying and selling. It is excellent as speculation and can turn out to be a great means of payment. But it's joke puts it next to Monero and Litecoin.

Can someone competent advice, why NANO is extremely insecure as for today?
What`s it`s disadvantage or weakness?

[Asimmo]

Another adoption event from Viacoin:
https://twitter.com/viacoin/status/1040578399041990656

Viacoin has been added as a payment method to @MCryptoCheckout, a P2P payment processor for @WooCommerce and @eddwp. MyCryptoCheckout doesn't charge transaction fees, lets you connect your favorite Viacoin wallet, allows you to accept donations and more! https://mycryptocheckout.com/

[Thefrolly]

It is good, the more merchants accept coins and make sure that the customers can effectively pay with it then the more likely people are to use cryptocurrencies for what they were originally intended which is as a method of payment. though the coins are still very volatile now to be used for payments but with time it will get better

[NewBet]

A lot of merchants have adopted coins over the years and they only adopt the ones that they can be sure they will be able to use for their businesses. That is one of the things that is still holding the cryptocurrencies back and that is the fact that they are not being used for their intended purposed.  A lot of businesses are not taking the coins because they cannot trust it

[Asimmo]

I wonder when huge worldwide brands will start to accept coins, so that it will push/encourage others to implement it as well.
1 big brand will initiate this process..