Apart from trading where else to use crypto?

[Ridwan Fauzi]

I think if many merchants who accept cryptocurrency as a payment system then there will be some people who make the system you want, till now cryptocurrency was still limited to use as a payment system, moreover here in my country none of the merchants allow buyers by using bitcoin or altcoin, unfortunately.

The development of a system will be factored if the old system is not feasible to use so there will be a lot of people who think a loud to make new innovations to be received well. Need a more time to make cryptocurrency be made for everyone as mainstream payment system, and might we will headed there.

[Harlot]

Aside from the lack of usability I think that even the owners or the hodlers of the coin are partly at blame here. Remember that they are also Hodling it as they hope that it will have a higher value compared to what it is today, they are simply making it as an asset for investment. And even if most of them are pure speculation they still think that their coins are not for what they are use too but as some kind of investment vehicle which they need to hold too in order not to get left behind when the price rally takes place in the market.

[millensharon8]

There are some token that could be used in their online shop if I am correct.
And some shops already accept crypto as a payment and also some ICO or token could be used in their platform for example if their project is mining you could use their token to mine some crypto.

Like which one? Most of the ones you have seen so far only came up with some empty promises and they really do not have any serious product or an ecommerce platform except for the fact that, they were just looking for those to deceive and then take away their money in the long run. I have seen so many of them and that is what they are just good for. If we are talking bitcoin now, I would say this is obvious as we get to see so many online merchants accepting it for payment of goods.

[kripkiki12]

I cannot see the actual purpose of most altcoins either, maybe the exceptions are the gambling and casino platforms where you play with the tokens

[andrey111]

More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.

I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.

Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?

Look at the first page of this topic, one person said that in the Philippines it is already possible to pay part of the public services cryptocurrency. I think in the near future this will happen around the world. Cryptocurrency more and more penetrates into our lives. The main thing is to have more projects of really useful people.

[Rath_]

There is a huge difference between the possible ways of using tokens and cryptocurrencies. When I went to Greece I was surprised when I saw a couple of places which were accepting many different cryptocurrencies for their service. I guess it's because they use a payment processor such as CoinGate which takes care of everything. Many people try to take advantage of the ICO bubble. Most of the tokens out of the market are useless because the same service could be provided without the token. Using tokens requires the user to know how to use cryptocurrencies (Waves, Ethereum, NEO and so on).

[olumyd]

Relatively, not everyone here seems to understand my point of view. Interesting perspectives though, but the bone of contention is whether or not we should continue to rely on BTC for our transactions when there are so many more tokens out there with payment as their intrinsic value proposal. These are the obvious farce when you put them side-by-side with BTC.

My suggestion is to find a project which has good track records in the traditional market and create a value-based service through the blockchain and incentivize their consumer base to patronize more of their products. For example, if Mercedes should tokenize a part of their company shares, and use dividends to reward stakeholders based on the proof of stake algorithm. Blockchain will reinforce the confidence in their service chain (not that it isn't good), but leveraging new technologies indeed is one sure way to move forward in a rapidly evolving global economy.

So, again, does anyone know a real-world business with such provisions already?

[adzino]

Trading is not the only place to use crypto currencies. Though the adoption of bitcoin and other crypto currencies are slow and most of the merchants don't accept crypto currencies, there are still loads of online sites out there that accepts crypto currencies. You can spend it to buy goods from amazon or other major retail store indirectly buy buying gift cards from those sites that accept crypto currencies. Bitcoin is still new. Just give it more time and then people will start accepting it as a mainstream form of online currency.

[aalborg]

Mate, I understand what you are talking about. In real life crypto has very restricted area to use. If you don't want to send transborder payment, invest in ico or play decentralized game, then crypto isn't that useful. I hope that in future things will be changed about it,but currently crypto isn't that popular in real business. It seems for me that paying in BTC for coffee cool, but transaction can be long and you should pay high fee. The best application for me is crypto backed loan, it is quite useful

[buharikx31]

More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.

I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.

Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?

Zrcoin is token which using at factory and like material of 1 Zc and this project is really intresting because they make ICO wich funded to build a factory and then they converted the whole coin to one 1 Zc

[Renaldi blackspadeteam]

don't worry, everything will be answered by time, good cryptocurrency will be able to be purchased to buy in the local market, for now, fiat money is still the main money, I think Cryptocurrency still has risks, so people still aren't interested in Cryptocurrency.

[Keres]

I've been using Crypto as a means of payment for years now, mainly Bitcoins, in my country you can actually buy a lot of things with crypto, this is probably due to the fact that i'm mining.
This is all online, i've never bought anything Face to Face using Crypto and 99% of the time i'm using Bitcoin because all the stores only accept Bitcoin, i'd love to see stores accept Litecoins, i've had to Email the "Bitcoin payment provider" tons of times because the transactions can sometime take ages and often you only have 10-15 Minutes on you to; 1 Send Bitcoin, 2 get a "1" confirmation before the time runs out! however on some smaller purchases there seems to be a 0 conf confirmation.

using Bitcoin as payment is great most of the times, but i do think Litecoins would be better.

[ngano ba]

As we all not use cryptos in all trading activities , I might use cryptos if I have enough to buy a land near the urbanized city , and I can also used this cryptos for payments of loans and credit cards , but still the main use of cryptos is to for trading coins and buy and sell of coins in the trading sites.

[maculeth]

yes, for small shops that have used crypto as a payment tool, it's worth it. for example bakeries or shoes that accept payments using crypto. but unfortunately, nothing at all.

[mornabo]

Trading is not the only place to use crypto currencies. Though the adoption of bitcoin and other crypto currencies are slow and most of the merchants don't accept crypto currencies, there are still loads of online sites out there that accepts crypto currencies. You can spend it to buy goods from amazon or other major retail store indirectly buy buying gift cards from those sites that accept crypto currencies. Bitcoin is still new. Just give it more time and then people will start accepting it as a mainstream form of online currency.

Thats absolutely right dude, of course it's not just trade the place to spend, there are already many merchants online who accept payment with bitcoin, but we have to think naturally if there are limits in bitcoin spending, because you're right we are still developing, need more time for bitcoin can spread and grow

[geopolisch]

For me bitcoin is money. I use it whenever I need to spend money. So your question could be phrased as "What can you do with money?" As far as ICOs and alt-coins... Those are scams. So an ICO is used to get your money. That is what it is for and once you have them they generally have no value.

I like your straightforward thinking. But I don't think the idea of having decentralized applications and a utility token to run their platform is an utter mistake. However, what's likely to be a mistake is that these ICOs have shifted their focus from building a useful technology to building a trading instrument which in every case has a horrifying ripple effect on the whole crypto-digital ecosystem.

Bitcoin should remain as payment crypto or a store of value. Ethereum and other dApp developers should seek to create useful and usable applications. They should all stop fooling around thinking their token will become the next bitcoin, that ship has sailed already and now the spotlight should be more on the blockchain industry - this is still a phenomenon with a diverse potential.

Well, that reason you have given with ICOs using shifting focus from building a useful technology to just coming up with a shit trading instrument is the main reason it has been an utter mistake over the years and I totally agree with RodeoX. Altcoins have only been a distraction; even those without any idea just come up with whatever they feel like, without a product, just empty promises all in the name of trying to get rich from gullible people's sweat.

Sure, some altcoins may have been an exception but a larger percentage of them are shitty. Like he said, bitcoin is money and I have been using it to purchase for a while even if the real life usage is not enormous yet. I do not have anything against altcoins, and as long as someone somewhere feels it is right to give me their money so as to increase my bitcoin stash in the long run, then I am game!

[zubrr51]

The problem of using cryptocurrency for the purpose of everyday payment for goods and services is acute. Many projects are trying to solve it, but so far without success.

[yndye]

don't worry, everything will be answered by time, good cryptocurrency will be able to be purchased to buy in the local market, for now, fiat money is still the main money, I think Cryptocurrency still has risks, so people still aren't interested in Cryptocurrency.

I use cryptocurrency to pay some of my bills at times because we have a platform in our country wherein we can use crypto to pay such bills and I can recharge my phone as well. There are sites wherein you can shop and pay using bitcoin and so far, bitcoin and ethereum are the ones that are mostly used in the transactions. Even those who are in freelancing sites sometimes would ask bitcoin or ethereum as payment especially if the work is cryptocurrency related.

[Dimon8]

I am sure that  will not pass even 10 years as crypto will be used in all spheres of life. For this, in many countries of the world, legislation is already being prepared for the introduction of crypto.

[South Park]

Because of crypto value volatility, business sectors won't risk tokenizing their product. Maybe few decades from now when adoption rate will reach 100% and when crypto values achieve stability, I bet that's the right time for some businesses to make use of the technology at the highest level possible. Don't worry we are moving forward to that moment in time that everything we purchase will be tokenized and hoping that it would give positive impact to both consumers and merchants.

I find very surprising the lack of vision businessmen, because while it is true that they will be risking some money if they decide to accept cryptocurrencies, it is as if they only see the negative aspects of bitcoin and they do not see the positives, if they accepted bitcoin and they keep it, it is true that they will take a risk because they could lose money but if they held their bitcoin it's entirely possible that they could get incredible benefits out of it if they held their coins for long enough.