Apart from trading where else to use crypto?

[bitcoinisbest]

Many shops are now accepting bitcoin and few other top currency.Recently i have seen people are paying money with bitcoin in hotel and restaurant.I have bought gift card with litcoin from a website.But biggest problem in using crypto as a currency is volatility.

I am sure that the number of these stores will be increased. People are interested to buy different things on the Internet and pay for them with Bitcoins. It is very convenient, very fast and really safe.

If country supports it and have made it legal then their would be almost every major store in the country where btc and other crypto currency could be used to make payment. Infact majority of the stuff can be even done without using fiat only crypto can work.

[South Park]

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?

Some days ago Ripple CEO announces 3[three] companies which are now using Ripple as a means of payment  https://www.coindesk.com/ripple-event-reveal-3-companies-are-now-using-xrp-for-real-payments/, so, ripple is almost there.

   The use of crypto is not yet fully accepted by the main stream market globally, we have issues to resolved like Regulation by the government financial institutions, once Crypto is fully accepted by the market with the government accepting its full potential then its an open market? business using crypto globally, at this time we experience limitation on its usages.

I have said this many times, we do not need the approval of the government, that is what the government wants to make you believe, the market of cryptocurrencies has grown to be worth hundreds of millions of dollars and yet there is almost no government that has adopted cryptocurrencies and it's likely that we are going to touch trillions of dollars in the future and I do not expect for the approval of the governments to happen even at that point.

[raven.tiu17]

There's a lot of use cases in Crypto not just apart of trading, store of value or buy/sel stuff but also a good way to communicate a people. Cryptocurrency is evolving and changing the world for a new order of security and trust which will lead for a better jurisdiction.

[lingwistiko]

Basically, crypto currency is used for online payment for products you wanted to buy and of course for the services rendered online. It's a good alternative for fiat and now, Paypal may have been threatened already by cryptos.

[goaldigger]

Crypto was originally and should be used as adigital currency. It should be used as a medium of exchange and not to trade it, but for those countries who do not have enough resources, they have no choice but to trade or hold crypto. Atleast they still find ways to make crypto useful and profitable.

[Menawi12]

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?

In many country, cryptocurrency still banned by government and thats why cryptocurrency can not use in many merchant. But I am believe on technology will take over. Government can not deny on technology and soon government will regulate cryptocurrency i am believe

[Layers318]

Every crypto especially the altcoins have major product or idea or service which they back. In order to get access to such services or products, you need to pay with the respective coin or accepted coin. For example, a coin like Docademic (MTC) is used to pay for the medical services on the Docademic ecosystem.

[spongegar]

That is true. The block chain of crypto currencies lack real world uses. I see websites here and there that offer internet based services, premium content and other in exchange for crypto currency. Other than that, crypto currency is basically jist an investment option. But I know in the future that this will change eventually.

[South Park]

Crypto was originally and should be used as adigital currency. It should be used as a medium of exchange and not to trade it, but for those countries who do not have enough resources, they have no choice but to trade or hold crypto. Atleast they still find ways to make crypto useful and profitable.

All currencies around the world are traded, why did you thought that bitcoin will be an exception to that rule? Especially when it has been proven to be so profitable for so many people, besides you make it seem as if those that are holding or trading cryptocurrencies come from poor countries and that is simply not the case because the most popular exchanges are in the richest countries around the world.

[maydna]

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?

I don't think that they are ready for receiving the money by using tokenization payment option as you mention. Maybe some store ready but still there are many stores is not ready for this option. But soon, after the store can accept with this technology payment, then we can use the crypto for paying for what we bought. And in time, there will be a coin that can use as a bridge for this payment and that coin will be stable than the other.

[sirohige]

You can use cryptocurrency to make whatever payment you want as long as the seller accepts payment using cryptocurrency, but I still see that there are still few countries that can accept cryptocurrency payments, for online payments I have made payments using bitcoin to pay payment website at "namcecheap" there accepts payment using bitcoin and maybe there are still some other platforms that accept cryptocurrency as a legitimate payment instrument.

[SirLancelot]

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?

Some days ago Ripple CEO announces 3[three] companies which are now using Ripple as a means of payment  https://www.coindesk.com/ripple-event-reveal-3-companies-are-now-using-xrp-for-real-payments/, so, ripple is almost there.

   

      One should know how to maximized the market not only on Trading, HODL, Investment either long term or short term, The issue on how to use your Token in general public is still under studies, not all country or Business community are open foe Crypto exchanges in the market as general usage, This the main issue in term of Regulation by government and, Financial Business community. one should learn the market on Crypto Digital Transaction.

Well, the reality now is that this market is not ripe yet for real life usage, because people's mind is not ripe yet for accepting that fact, as what most people think today is to expect some huge growth in the price of cryptocurrencies and get themselves extremely rich in the long run.

As time goes on, we will get to see a whole lot of these things changing and probably when we get to see bitcoin reach its peak based on mainstream adoption, the idea of the main value it creates in real life will kick in.

[olumyd]

There's a lot of use cases in Crypto not just apart of trading, store of value or buy/sel stuff but also a good way to communicate a people. Cryptocurrency is evolving and changing the world for a new order of security and trust which will lead for a better jurisdiction.

The current volatile market says otherwise. With market valuation dropping by more than $19bln in less than a day, how can that result to capital security  or a store of value per se?

[jhongzjhong]

That is a good idea having a tokenization in cryptocurrency aside from the digital currency we can also use token in purchasing any product using bitcoin. But one thing that comes up in my mind, we could not change bitcoin as what bitcoin is. Bitcoin is a digital currency and it is decentralized, a lot of people are free to used digital money in trading or investing also paying transaction online.

[cizatext]

Well I have seen some stores and business having tokens but this development is still at it ICO stage, I was part of an airdrop recently where the token is a utility token design for real estate and other one being accepted by stores around the world. So it with time the cryptocurrency development is going to gain that ground where businesses will accept tokens for their products.

[virendarnagpal]

Still people prefer in trading / paying through fiat currency.  Fiat is their first choice.  But on some platforms bitcoin is also being accepted as mode of payment. 
So still crypto is being used as payment method in very few countries; markets.  European country users are using  more crupto than other remaining third world country. 

[Ezenwanyi]

The only place I know for sure that cryptocurrency is used as a medium of exchange is in the 3rd cryptocurrency space.

I heard sometime ago that ripple,  Eos and of course bitcoin is being used as a medium of payment in some country  though I'm not sure.
So it remains just a rumor.

[ELOCIN]

Trading is really one of the stuffs about what crypto is all about. But basically, cryptocurrency's major purpose is to be the medium for paying commodities and services online. Aside from that, they also have its unique use cases.

[CASTIEL05]

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?

In fact there are many places ( mainly online ), where people can pay with cryptocurrency, but to pay milk and bread in your local store you will need to wait some time. Actually it all depends from country to country, there is places you can pay with crypto by buying coffee, donut or even bread&milk and make haircut maybe. It is important to know we are just at the very beginning in the application of this technology, maybe 1% of world population is using cryptocurrency in one way or another.

Fiat is still main currency, and it will be probably for a long time - big changes do not happen overnight, they may last for decades.

I believe that! If we are going to use cryptocurrency as a new way of paying bills and transacting someone else, it can be. However, it is not all necessary products can avail using cryptocurrency. Fiat is always be the main currency where we can use wherever we are. Cryptocurrency adoption may take time depending upon the process of accepting and regulating from it.

[djselery]

You can use the cryptocurrencies just like using fiat currencies, to buying and selling and complete your payments online, whenever the cryptocurrency is supported as a payment method.
Currently, there aren't many marketplaces which support BTC and similar cryptocurrencies, but the usability is going to improve with time.