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Author Topic: eCommerce is the way to adoption - Do your part  (Read 459 times)
seOG (OP)
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January 03, 2019, 01:12:01 AM
 #1

I see a lot of people posting about different projects related to ecommerce and how this is the best path to adoption. I agree, using crypto as a currency is the best way to increase adoption, and thus marketcap of the coins. Its in everyones best interest to use and adopt crypto.

I wanted to take the time and come up with a brief list of different services and ways to use/spend crypto.

Great for the average person

Forra.io - A cryptocurrency ecommerce marketplace

Great for business owners

paybear.io



coinpayments.io
bayu7adi
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January 03, 2019, 01:18:18 AM
 #2

there is more important than mass adoption by all e-commerce in the world, namely the legality recorded in the government law and protected by law by all countries in the world
with the official legality, mass adoption will occur and it will increase the interest of new and existing bitcoin users who have known bitcoin from the beginning
really hope that this will happen soon, and we can enjoy bitcoin by using it like we use PayPal or other e-Money to make payments
seOG (OP)
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January 03, 2019, 01:22:47 AM
 #3

there is more important than mass adoption by all e-commerce in the world, namely the legality recorded in the government law and protected by law by all countries in the world
with the official legality, mass adoption will occur and it will increase the interest of new and existing bitcoin users who have known bitcoin from the beginning
really hope that this will happen soon, and we can enjoy bitcoin by using it like we use PayPal or other e-Money to make payments

I see a different point of view. The number one way that would happen is if people are using bitcoin and cryptocurrency. THEN governments will adopt it.
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January 03, 2019, 03:00:49 AM
 #4

there is more important than mass adoption by all e-commerce in the world, namely the legality recorded in the government law and protected by law by all countries in the world
with the official legality, mass adoption will occur and it will increase the interest of new and existing bitcoin users who have known bitcoin from the beginning
really hope that this will happen soon, and we can enjoy bitcoin by using it like we use PayPal or other e-Money to make payments

I see a different point of view. The number one way that would happen is if people are using bitcoin and cryptocurrency. THEN governments will adopt it.
the use of bitcoin and cryptocurrency will occur in the real world as a means of payment if the government itself has adjusted it, but what is seen is that some governments still have not legalized bitcoin and crypto

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January 03, 2019, 03:26:00 AM
 #5

It is the main use of why bitcoin and crypto's were made, to be used as an alternative payment method for these payment processors that gives you days before claiming and the transfer of your money to your bank account.

And it's the major cause why these altcoins are keep on coming, they keep on boasting out on how quick they are, eligible and convenient as a means of payment.

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January 03, 2019, 04:25:57 AM
 #6

And it's the major cause why these altcoins are keep on coming, they keep on boasting out on how quick they are, eligible and convenient as a means of payment.

There are several ico projects who claims to provide a new ecosystem for e-commerce and forcing their tokens to be the medium of payment in the platform. But they lack competitive advantage and important relations with users. It's quite hard for them to survive because the old e-commerce platform can simply choose to accept crypto payments. With the advance of LN, Segwit and so on, I believe Bitcoin will be the first choice for merchants, therefore those ICO projects won't go anywhere.

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Kopyleft
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January 03, 2019, 05:06:16 AM
 #7

The number one way that would happen is if people are using bitcoin and cryptocurrency. THEN governments will adopt it.

Bitcoin adoption is good. But government adoption is not necessary and it contradicts the goals and objectives of bitcoin as a decentralized technology.
For mass adoption as a currency, the issues of volatility and scalability; lack of it, has to be resolved.
This would propel merchants to accept bitcoin not for it's speculative value, but the ease of making transactions using the blockchain

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January 03, 2019, 06:43:16 AM
 #8

The final verdict on the best use for Bitcoin is still being discussed and has not been decided yet. Some people seem to think that it is an excellent store of value and that it should rather follow that path. Others share your view and wants it to be an alternative currency to the current fiat system.

I do not have a problem with any of the two options and would prefer that people use Bitcoin in the way that suites their personal needs.   Wink

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seOG (OP)
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January 03, 2019, 03:05:36 PM
 #9

The number one way that would happen is if people are using bitcoin and cryptocurrency. THEN governments will adopt it.

Bitcoin adoption is good. But government adoption is not necessary and it contradicts the goals and objectives of bitcoin as a decentralized technology.
For mass adoption as a currency, the issues of volatility and scalability; lack of it, has to be resolved.
This would propel merchants to accept bitcoin not for it's speculative value, but the ease of making transactions using the blockchain

At some point governments will adopt it. It is superior to fiat paper money.
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January 03, 2019, 06:52:37 PM
 #10

Anyway to introduce cryptocurrencies to ordinary people is useful. e-commerce area is the best way to reach people. As people start to use cryptocurrencies in their daily life, they will be used to cryptocurrencies and demand from their governments for the acceptance of cryptocurrencies.
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January 03, 2019, 07:08:11 PM
 #11

I see a lot of people posting about different projects related to ecommerce and how this is the best path to adoption. I agree, using crypto as a currency is the best way to increase adoption, and thus marketcap of the coins. Its in everyones best interest to use and adopt crypto.

I don't think the consumer use case is as important as most people think. At this point, it doesn't make sense for people to buy cryptocurrency just to spend it -- it's extremely volatile and usage is too low to justify interest from merchants.

People should continue using cryptocurrency as they see fit -- as a speculative investment, for P2P payments, for commerce, etc. Merchant adoption will come in time but it will always lag significantly behind user adoption. They don't have a strong incentive to accept Bitcoin payments until consumers demand it.

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January 03, 2019, 07:11:45 PM
 #12

This needs consumer demands. If I were a businessman I may not want to use bitcoin as payment now. Especially on a tight budget. I don't want to be trapped with the volatility of it. Well if it goes up then that's a different story, then I will invest.
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January 03, 2019, 07:21:08 PM
 #13

Our part can only be done when the merchants allows us to by accepting coins as payment. On the other hand, as a merchant,  it won't be easy adopting it now as we have bull or bear market, you can only do it with a very stable coin if not,  losses may set in.

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January 03, 2019, 07:39:45 PM
 #14

If merchants could give good discounts (for example 10-25%) while user pays with cryptocurrency - I think it would attract new users to learn about crypto. But the way from fiat to crypto should be easy also.
seOG (OP)
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January 03, 2019, 08:26:47 PM
 #15

This needs consumer demands. If I were a businessman I may not want to use bitcoin as payment now. Especially on a tight budget. I don't want to be trapped with the volatility of it. Well if it goes up then that's a different story, then I will invest.


http://Https://forra.io uses stable coins once the item is purchased to ensure that when something sells everyone is guaranteed the proper amount of money.
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January 03, 2019, 08:54:20 PM
 #16

Given that crypto is entirely digital, e-commerce is the single most effective transaction medium that can facilitate various types of online transactions, especially for all crypto currencies.  For most crypto users the presence of e-commerce's real very helpful for anyone who wants to do a cryptocurrency transaction. However, because the government's ban continues to the present, the community's perspective on the use of cryptocurrencies seems to be more inclined to use it only as a store of value/asset investment.

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January 03, 2019, 09:53:35 PM
 #17

it sound very interesting seeing lot of crypto asset coming up with project on the ecommerce industry which will  increase the rate of participant in the crypto industry which will definitely lead to mass adoption but irrespective of these great opportunity it offers there are still pending issues that need to be address technically . the major challenge is the issue of insecurity of crypto asset, retailer and institutions are little bit scare about  introducing crypto asset to their online retails shop since the insecurity issue have not fully be address . in my opinion for mass adoption security must be guarantee for participant first before mass adoption

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January 03, 2019, 11:53:43 PM
 #18

Bitcoin and cryptocurrencies are very volatile and therefore they are poorly suited for eCommerce. Stablecoins are better suited for eCommerce.
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January 04, 2019, 12:59:41 AM
 #19

Bitcoin and cryptocurrencies are very volatile and therefore they are poorly suited for eCommerce. Stablecoins are better suited for eCommerce.

Forra allows people to pay in any coin and they then turn those funds into a stablecoin, making it a safe and reliable way to send X amount of USD.
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January 04, 2019, 08:16:05 PM
 #20

it sound very interesting seeing lot of crypto asset coming up with project on the ecommerce industry which will  increase the rate of participant in the crypto industry which will definitely lead to mass adoption but irrespective of these great opportunity it offers there are still pending issues that need to be address technically . the major challenge is the issue of insecurity of crypto asset, retailer and institutions are little bit scare about  introducing crypto asset to their online retails shop since the insecurity issue have not fully be address . in my opinion for mass adoption security must be guarantee for participant first before mass adoption

I think you are right. It will be the path to mass adoption
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