25,000 German Online Stores in Germany to Begin Accepting Crypto in 2019

[sell100]

25,000 German Online Stores in Germany to Begin Accepting Crypto in 2019

A Swiss startup company aims to make the use of cryptocurrencies for online transactions simple and safe just as it is with PayPal.The company’s main accusation against crypto is that it is “a currency that is hard to …

Read more: https://www.trackcoinmarket.com/en/crypto-news/33058/25000-german-online-stores-germany-accepting-crypto-2019

[jseverson]

It kind of sucks that people have to use payment processors to spend Bitcoin when that's exactly what it wants to prevent, but I suppose it's a good short-term measure. I just hope these existing options don't dissuade merchants from accepting Bitcoin directly in the future.

But yeah, I would be psyched about this if I were German.

[stompix]

A Swiss startup company aims to make the use of cryptocurrencies for online transactions simple and safe just as it is with PayPal.

So....

Utrust aims to be the "PayPal of Crypto" by providing ..bla bla bla

For once we have bitpay but forgetting about that one we have just by searching google:

Coinbase Introduces the ‘PayPal of Crypto’
COTI, The PayPal of Crypto
Initiative Q - The PayPal Of Crypto
Decem – PayPal of Crypto
.....
Why wanting to become something that cryptos were meant to replace?

Besides...

Utrust says that with these partnerships, thousands of merchants can accept cryptocurrencies easily, receiving fiat equivalents in their bank accounts.

What we need is a solution to have the ones that produce the merchandise also receive coins otherwise it would be a stupid circle of people buying bitcoins and merchant selling bitcoins as they have no way to actually spend them on loading the store.

[Coyster]

It kind of sucks that people have to use payment processors to spend Bitcoin when that's exactly what it wants to prevent, but I suppose it's a good short-term measure. I just hope these existing options don't dissuade merchants from accepting Bitcoin directly in the future.

But yeah, I would be psyched about this if I were German.

I really doubt merchants will be enthusiastic about accepting bitcoins directly considering how volatile it is and also considering they are simply in business to make profits..

Accepting the bitcoin directly could propel them to incur losses as the price is definitely never stable

[Herbert2020]

It kind of sucks that people have to use payment processors to spend Bitcoin when that's exactly what it wants to prevent, but I suppose it's a good short-term measure. I just hope these existing options don't dissuade merchants from accepting Bitcoin directly in the future.

i agree but that is only half of the process (accepting payment) otherwise the other half which is spending bitcoin doesn't change. so we can say it is 50% good since people would still be directly paying bitcoin with their own wallets without needing any third parties for sending or holding bitcoin.  the merchant is only relying on a third party to accept the payment.

[Cryptomania843]

I think it's a good thing to give the possibility to pay in crypto. This will help people become familiar with cryptos. The goal is for cryptos to be used worldwide from a computer or mobile phone. We must have access when we want our money and send it to whoever we want. These kind of stores that accept cryptos show that it is a currency and that we can use it as we see fit.

[pay_scotty]

I do like this for the fact that you skip over the store attendant who can not use the bitcoin payment machine in their store (it drives me insane!)

[eternalgloom]

It kind of sucks that people have to use payment processors to spend Bitcoin when that's exactly what it wants to prevent, but I suppose it's a good short-term measure. I just hope these existing options don't dissuade merchants from accepting Bitcoin directly in the future.

But yeah, I would be psyched about this if I were German.

I really doubt merchants will be enthusiastic about accepting bitcoins directly considering how volatile it is and also considering they are simply in business to make profits..

Accepting the bitcoin directly could propel them to incur losses as the price is definitely never stable

Some businesses would be more than happy to accept crypto directly I think.
Just look at Overstock, they've been consistently keeping part of their Bitcoin payments as Bitcoin. I can't remember how much exactly, maybe something like 10 or 20% (someone correct me on this).

Are there actually any Bitcoin payment processors that offer such a service for merchants? I mean having the option of retaining part of their payments in Bitcoin.

[Pursuer]

It kind of sucks that people have to use payment processors to spend Bitcoin when that's exactly what it wants to prevent, but I suppose it's a good short-term measure. I just hope these existing options don't dissuade merchants from accepting Bitcoin directly in the future.

But yeah, I would be psyched about this if I were German.

I really doubt merchants will be enthusiastic about accepting bitcoins directly considering how volatile it is and also considering they are simply in business to make profits..

Accepting the bitcoin directly could propel them to incur losses as the price is definitely never stable

you are talking about volatility but only talk about one side of it which is drop not the other side which is the rise. in other words there is a higher chance of making a lot of profit when accepting bitcoin as its price continues going upwards specially in the long term. for example someone who has been accepting bitcoin payment in the past year has made a ton of profit since in a year price has grown >600% not considering the ATH.

[Upgrade00]

It kind of sucks that people have to use payment processors to spend Bitcoin when that's exactly what it wants to prevent, but I suppose it's a good short-term measure. I just hope these existing options don't dissuade merchants from accepting Bitcoin directly in the future.

But yeah, I would be psyched about this if I were German.

I really doubt merchants will be enthusiastic about accepting bitcoins directly considering how volatile it is and also considering they are simply in business to make profits..

Accepting the bitcoin directly could propel them to incur losses as the price is definitely never stable

you are talking about volatility but only talk about one side of it which is drop not the other side which is the rise. in other words there is a higher chance of making a lot of profit when accepting bitcoin as its price continues going upwards specially in the long term. for example someone who has been accepting bitcoin payment in the past year has made a ton of profit since in a year price has grown >600% not considering the ATH.

They are most times not enthusiasts' of bitcoin.
If they were most would have invested directly in bitcoin instead of selling commodities to own bitcoin. Possibly they are investors. But if I was a merchant, I wouldn't mix up my business and my passion. As much as we love bitcoin, it is not a shrewd business decision.
Ateast it is a possitive step and would help increase adoption and popularity, a small step in the right direction.

[cryptoracer999]

I think its a good initiative and not the first one. Around the world there are few countries that have already started accepting crypto currencies in various sectors and more countries are planning to do so. After all crypto currency is the future of digital currency.

[Pursuer]

It kind of sucks that people have to use payment processors to spend Bitcoin when that's exactly what it wants to prevent, but I suppose it's a good short-term measure. I just hope these existing options don't dissuade merchants from accepting Bitcoin directly in the future.

But yeah, I would be psyched about this if I were German.

I really doubt merchants will be enthusiastic about accepting bitcoins directly considering how volatile it is and also considering they are simply in business to make profits..

Accepting the bitcoin directly could propel them to incur losses as the price is definitely never stable

you are talking about volatility but only talk about one side of it which is drop not the other side which is the rise. in other words there is a higher chance of making a lot of profit when accepting bitcoin as its price continues going upwards specially in the long term. for example someone who has been accepting bitcoin payment in the past year has made a ton of profit since in a year price has grown >600% not considering the ATH.

They are most times not enthusiasts' of bitcoin.
If they were most would have invested directly in bitcoin instead of selling commodities to own bitcoin. Possibly they are investors. But if I was a merchant, I wouldn't mix up my business and my passion. As much as we love bitcoin, it is not a shrewd business decision.
Ateast it is a possitive step and would help increase adoption and popularity, a small step in the right direction.

it is not commodities they sell, it is goods. and they don't necessarily have to be enthusiastic about bitcoin to start seeing the potential and wanting to keep at least a part of what they receive. it doesn't have to be receiving bitcoin and holding all of it! you can sell as much as to cover the costs and keep the profit of your sale as bitcoin as an investment. it is still business and has nothing to do with "passion" it would be passion if you were blindly buying bitcoin (small amounts) to test it and have fun with the technology not when it is money involved.

[LeGaulois]

25,000 German Online Stores in Germany to Begin Accepting Crypto in 2019

A Swiss startup company aims to make the use of cryptocurrencies for online transactions simple and safe just as it is with PayPal.The company’s main accusation against crypto is that it is “a currency that is hard to …

Read more: https://www.trackcoinmarket.com/en/crypto-news/33058/25000-german-online-stores-germany-accepting-crypto-2019

Still need to use a 3rd party as a middleman. Not exactly what we were hoping. But better than nothing, 25,000 is a lot for a single country, even if it will be about small and very small merchants since I doubt a big one is going to use a 3rd party

[Renal]

if this will take effect as soon as possible then it is very influential on crypto for the future especially if it will relate to 25,000 German online stores then this will bring big changes in the market because we know together that the German state is very best in cryptocurrency.

[dday61597]

That is some great info as I live in Germany and have been waiting for at least a Bitcoin ATM in some bigger cities.

[sell100]

A Swiss startup company aims to make the use of cryptocurrencies for online transactions simple and safe just as it is with PayPal.

So....

Utrust aims to be the "PayPal of Crypto" by providing ..bla bla bla

For once we have bitpay but forgetting about that one we have just by searching google:

Coinbase Introduces the ‘PayPal of Crypto’
COTI, The PayPal of Crypto
Initiative Q - The PayPal Of Crypto
Decem – PayPal of Crypto
.....
Why wanting to become something that cryptos were meant to replace?

Besides...

Utrust says that with these partnerships, thousands of merchants can accept cryptocurrencies easily, receiving fiat equivalents in their bank accounts.

What we need is a solution to have the ones that produce the merchandise also receive coins otherwise it would be a stupid circle of people buying bitcoins and merchant selling bitcoins as they have no way to actually spend them on loading the store.

Why can't I search PayPal of Crypto links with Google? Can you send them out for us to see?

[Tamilson]

25,000 German Online Stores in Germany to Begin Accepting Crypto in 2019

A Swiss startup company aims to make the use of cryptocurrencies for online transactions simple and safe just as it is with PayPal.The company’s main accusation against crypto is that it is “a currency that is hard to …

Read more: https://www.trackcoinmarket.com/en/crypto-news/33058/25000-german-online-stores-germany-accepting-crypto-2019

Still need to use a 3rd party as a middleman. Not exactly what we were hoping. But better than nothing, 25,000 is a lot for a single country, even if it will be about small and very small merchants since I doubt a big one is going to use a 3rd party

And UTrust willl be the third party. So I thought the article was all about bitcoin that will be widely use in Germany, but I was wrong. So this is actually a good news for utrust holders since the team is continually spreading and innovating the platform.

Having a P2P payment will eat a lot of time especially when the blockchain has a heavy traffic and with it having a third party will be more easier unless merchants have a local wallet that can make zero fees and can transfer in a matter of seconds.

[MarioV]

This news is fantastic: if it were all true it would be a further custom clearance to the large-scale use of bitcoins. And it's the only thing it really needs.

[abojamal]

Good news is encouraging
Other steps on the way to adoption
btc needs to increase pressure from the users to accept Crypto.

[Sama517]

This is very wonderful. I have earlier read in a post that Germany have accepted bitcoin as a legal tender. If the news of this 25,000 online stores is actually true, then cryptocurrency will be on a very smooth run next year.