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Author Topic: Will cryptocurrencies be able to use for payment?  (Read 17358 times)
JuanPaulo
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March 09, 2019, 06:40:48 PM
 #481

Lots of blockchain team have developed blockchain and cryptocurrency for payment.

Will cryptocurrencies be able to use for payment?

Will it be useful and convenience?

Which coin do you think the best for payment in the near future?

Cryptocurrencies have long been used for payment, especially in Western Europe and the USA. Many shops and services accept Bitcoin and some other coins to pay for their goods and services.
Fuhre
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March 09, 2019, 06:45:51 PM
 #482

One of the main objectives of Cryptocurrency is to make transactions easier. but not all countries allow this. there are still many countries that prohibit crypto because it is illegal. I have never tried it directly, but some people who have tried it say that they feel the speed and costs are cheaper in transactions. the best coins for this are those that are cheap, I recommend Altcoin. I prefer Doge
pinoycash
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March 09, 2019, 06:50:04 PM
 #483

Cryptocurrency has been used already as an alternative way of paying for goods and services but still crypto's are far still far into being main stream payment method.

Since most business still prefer and relies on the traditional way (fiat) of accepting payment for goods and services.

If only there's is a Bitcoin Back Paper money like in satoshis denomination it would be a good start and will easier in using crypto's for payment


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timmmers
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March 09, 2019, 07:05:19 PM
 #484

There are so many possible use cases. If cryptocurrencies do not become the globally used currency, it does not matter. Look for what everything we could use cryptocurrencies:
1. mean of payment
2. store of value
3. decentralized apps
4. smart contracts
5. digital id
6. tracking items and quality of items
7. and so on  Grin

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ameliana
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March 09, 2019, 07:06:15 PM
 #485

Yep, when the price of coins would stabilise then, of course, people would start to use crypto as a payment method and its normal people trade their coins.
in certain countries you can do it but unfortunately there are still very few countries that implement it.

so I really hope that crypto will progress so that all countries will start to look at crypto positively and finally be able to legalize crypto so that we can make payments using crypto freely.
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March 09, 2019, 07:26:55 PM
 #486

At first we need to solve the problem with scalability and volatility.
The first one could be solved by technology development, the second one will be solved if more money come to cryptocurrencies.
yes, if crypto has been approved, big investors from all over the world will enter and invest in crypto, but until now the ITF proposal is still not approved so we still have to wait until crypto can be used as an exchange

HichemFetoui
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March 09, 2019, 11:15:35 PM
 #487

a lot of good project are implementing a gateway from crypto to services such gift card and that will simplify the payment for cryptocurrency for all yes it's happening
Isiaka208
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March 09, 2019, 11:24:52 PM
 #488

A time will come that this will all make sense in the real world and that point it will be seamless. Transaction fee may increase a bit but then it would be a fast transaction speed.

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BILLCRYPT - CREATING HISTORY
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flyingcat
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March 09, 2019, 11:32:06 PM
 #489

Lots of blockchain team have developed blockchain and cryptocurrency for payment.

Will cryptocurrencies be able to use for payment?

Will it be useful and convenience?

Which coin do you think the best for payment in the near future?

I think in the near future, the ability to use cryptocurrency for payment is impossible. I think in the future, the using of Blockchain technology will more and more popular, it will be used in a lot of companies, and the cryptocurrency will be popular, but to use for payment is very hard.


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OATH

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prayogi
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March 09, 2019, 11:48:23 PM
 #490

in some countries that have legalized crypto, crypto has been used for payment instruments, but for countries that have not
legalized crypto this is difficult to realize
for example in my country, crypto is strictly prohibited to be used as a means of payment, because the regulation states that
only the national currency is used as a means of payment, people who violate this rule will be punished
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March 09, 2019, 11:58:55 PM
Last edit: March 10, 2019, 12:11:27 AM by adekogbe
 #491

Cryptocurrencies are already getting used for payment at different degreea across different platforms and payment gateways also with crypto ATM located in different places worldwide, with bitcoin ethereum and ripple being the most common ones and it is only getting better.

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March 09, 2019, 11:59:49 PM
 #492

Well known cryptocurrency like Bitcoint, Ethereum, Ripple and Litecoin has been used as an alternate payment option on different countries but it depends on the merchant, the good thing is we see the real use-case of cryptocurrency.

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March 10, 2019, 12:55:26 AM
 #493

yes, cryptocurrency can be used for payments in every product purchase. There are even some countries that have bitcoin ATM. Perhaps with technological advancements we will see cryptocurrency as the most popular payment because it is more efficient, practical and fast.

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March 10, 2019, 01:01:51 AM
 #494

Lots of blockchain team have developed blockchain and cryptocurrency for payment.

Will cryptocurrencies be able to use for payment?

Will it be useful and convenience?

Which coin do you think the best for payment in the near future?
Currently, cryptocurrency is being used as a method of payment very much, you can see a lot of transactions every day when you transfer coins from one person to another, that's called a transaction and  is also a method of payment
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March 10, 2019, 10:48:08 AM
 #495

Some places already accept cryptos, but in the future we will we a lot more shops making it norrmal to accept cryptocurrencies
mv1986
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March 10, 2019, 08:25:16 PM
 #496

Lots of blockchain team have developed blockchain and cryptocurrency for payment.

Will cryptocurrencies be able to use for payment?

Will it be useful and convenience?

Which coin do you think the best for payment in the near future?
Currently, cryptocurrency is being used as a method of payment very much, you can see a lot of transactions every day when you transfer coins from one person to another, that's called a transaction and  is also a method of payment

Don't know if it's used a lot for payments. I think most of the transaction volume is about trading only.

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jackflag
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March 10, 2019, 08:45:51 PM
 #497

Lots of blockchain team have developed blockchain and cryptocurrency for payment.

Will cryptocurrencies be able to use for payment?

Will it be useful and convenience?

Which coin do you think the best for payment in the near future?
Currently, cryptocurrency is being used as a method of payment very much, you can see a lot of transactions every day when you transfer coins from one person to another, that's called a transaction and  is also a method of payment

Don't know if it's used a lot for payments. I think most of the transaction volume is about trading only.
It takes a few more years for cryptocurrencies to be widely used throughout the world as a means of payment.
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March 11, 2019, 04:07:31 PM
 #498

Lots of blockchain team have developed blockchain and cryptocurrency for payment.

Will cryptocurrencies be able to use for payment?

Will it be useful and convenience?

Which coin do you think the best for payment in the near future?
Currently, cryptocurrency is being used as a method of payment very much, you can see a lot of transactions every day when you transfer coins from one person to another, that's called a transaction and  is also a method of payment

Don't know if it's used a lot for payments. I think most of the transaction volume is about trading only.
It takes a few more years for cryptocurrencies to be widely used throughout the world as a means of payment.

The next generation will use it as a standard to pay for things but this generation will be somewhat divided between the old payment system and the new one.

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cepot9
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March 11, 2019, 04:13:55 PM
 #499

Seems like you just joined cryptocurrency bro? many of them have cryptocurrency projects that support online payments, such as online shopping and other transactions. Of course, not all countries have agreed to it, but many countries have done it. I've also been relying on payments using cryptocurrency
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March 11, 2019, 04:14:15 PM
 #500

Everything will depend on the legalization of the banking sector. Now cryptocurrencies are already considered as a product, no matter how they are viewed. I think that the fact that cryptocurrency is being considered is good now.
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