Major US Museum Becomes Third to Accept Bitcoin as Payment. Future of BTC?

[tightcoat490]

https://cointelegraph.com/news/major-us-museum-becomes-countrys-third-to-accept-bitcoin-as-payment

Great Lakes Science Center in Cleveland, Ohio is accepting Bitcoin as payment as of today.

"According to SpendBitcoins USA – a directory of retail merchants that accept Bitcoin as payment – at least two other U.S. museums already accept the cryptocurrency from visitors – the Museum of the Coastal Bend in Texas and St. Petersburg Museum of History in Florida.

The box office at Great Lakes Science Center will reportedly use crypto payments processor BitPay to handle visitors’ transactions."

This contrasts with crypto pioneer Jeff Grazik's recent comments, which stated that BTC has become more a store of value than a means of payment.

Do you think he's right or will we be using it more and more in everyday life?

[sylvestercryptic]

Future of bitcoin is getting limited to some specific countries only, not expanding to the asian market.

[dothebeats]

There's only a handful of stores and outlets that really accept bitcoin payments on the regular, and most of them aren't the ones people are really using/buying often, such as the museum, movie houses etc. We will slowly get there if this adoption continues to go on, but at this rate, it's hard to gauge whether there's enough interest for cryptopayments or not. For the mean time, bitcoin will serve as an 'excellent' store of value until such time that merchants decide that it's also good to use bitcoin for payments, just like credit cards and stuff.

[avikz]

What Jeff has mentioned, is somewhat correct at the current situation. People are locking up bitcoins in their cold storage with the hope of a bull run. So for a majority of the crypto peoples, bitcoin has indeed become a store of a value.  

However, I won't blame the crypto population for the current situation because they also don't have much options available to spend their bitcoins. Accepting bitcoins in museum is OK, but tht won't make any impact on crypto. That just looks good but doesn't make any good.

Unless and until we can spend our cryptos to purchase our daily products, it won't create any impact. But museums accepting crypto is a small step towards mass adoption and eventually lead us to the bigger picture!

[sinkfish]

https://cointelegraph.com/news/major-us-museum-becomes-countrys-third-to-accept-bitcoin-as-payment

Great Lakes Science Center in Cleveland, Ohio is accepting Bitcoin as payment as of today.

"According to SpendBitcoins USA – a directory of retail merchants that accept Bitcoin as payment – at least two other U.S. museums already accept the cryptocurrency from visitors – the Museum of the Coastal Bend in Texas and St. Petersburg Museum of History in Florida.

The box office at Great Lakes Science Center will reportedly use crypto payments processor BitPay to handle visitors’ transactions."

This contrasts with crypto pioneer Jeff Grazik's recent comments, which stated that BTC has become more a store of value than a means of payment.

Do you think he's right or will we be using it more and more in everyday life?

it might be much, this could serve as a example how a crypto can be use as a mean of payment. bitcoin might not be the best choice. it opens up a whole new avenue on how crypto can serve the economy.

[[ProTrader]]

Bitcoin's goal is to become a means of payment in everyday living but because of a rapid inflation in fiat currency it became one of the best stored value like gold because of its feature of having a limited supply. That is why many cryptocurrency enthusiast bought it as an investment and not for daily use because some of retail stores don't accept Bitcoin at the moment.

[bitvalak]

It is true that bitcoin is currently used more to be stored than used as payment. Because people compete to get bitcoin and too stick to the price, not on its function.

[Lizzylove1]

Although this is good and a good avenue to show case the value of bitcoin and it reasonableness. However, we need more than this to stir a major bull run, nevertheless things that have organic will eventually be more real than a rocket science methodology.

[rickn]

Bitcoin's acceptance is spreading widely, with companies offering electronic products such as Overstock.com, technology giants like Microsoft in their online stores, or even space travel with Virgin Galactic including Bitcoin among their payment options. Even so, there is still an extensive road ahead for bitcoin and the cryptos are accepted globally.