Will cryptocurrencies be able to use for payment?

Quote from: vendy86 on March 17, 2019, 01:33:29 PM

I think the best cryptocurrency for payment are stable coins like USDT or TrueUSD. There are too many risks if we use bitcoin or another altcoin for payment since the price is very fluctuating. If I have a marketplace of course I chose a payment that can give me guarantee in value.

That is because Bitcoin is still too small to become a stable currency, but maybe it will be stable in ten years from now.

To the best of my knowledge, Bitcoin in particular has been used to pay for services. But it is yet to be rampant (like Visa etc) as the crypto space is still growing. So I believe with time, many cryptocurrencies will be used for payments of products and services.

Quote from: rdewilde on March 17, 2019, 05:58:39 PM

The problem is that people don't want to spend their crypto because they anticipate that it might be worth more in the future. It needs to stabilize.

Yes, most likely it can and only those who understand cryptocurrency can use cryptocurrency as a payment tool, because not everyone can use it.
and in my opinion only a community or cryptocurrency sales site can use it specifically as a safe and trustworthy payment and transaction tool, and I am more comfortable exchanging cryptocurrency into real money for payment transactions so that everything I want can be bought easily.

They can and are used only in very limited quantities and so far it is not completely legal. But the main coin will be either Bitcoin or ETH, it all depends on the views and preferences.

Cryptocurrencies have long been used to pay both between people and for the purchase of various goods and services. The only pity is that not in all countries the law allows shops to accept payments in cryptocurrencies.

Cryptocurrency already being used in payment in many countries. I would prefer Ethereum payment through the coinbase email p2p service for the payment. Recently my eyes are stick on Livenpay ICO, they are already established project and LVN tokens are using for the payment right now!

BTC is decentralized currency, I think most governments like to control currency and use centralized currency in the future, so it is unlikely they will use decentralized currency for bank, but if BTC or crypto continue growth popularity，then it is possible cryptocurrency will be used for payment, so all the governments will try to link their own currency with BTC.

Quote from: baobao2000 on March 17, 2019, 11:16:16 PM

Unless they secretly take control over BTC as well because then it is the perfect instrument for control and surveillance.

So already in many countries you can make various purchases and pay for these purchases with the help of cryptocurrency, especially more and more companies start accepting payment for various goods or services for bitcoins and constantly such companies appear more and more.

They are already being used for payments among the community. I am leaving in Germany and see that Bitcoin is accepted as a payment method in a lot of shops and I hope there would be much more possibilities to pay with crypto in the future.

Most cryptocurrencies are already being used as a means of payment. Many merchant already pay people on Bitcoin while most use ethereum , dash, bitcoincash, monero etc. Many start-up projects have such features which can also enable it as a means of payment. Project like electroneum is a good example

Yes, of course. It is the purpose of cryptocurrency, to be used for payment and transferring is quick and instant. Any cryptocurrency can be useful to transfer your payment to any individual anywhere in the world. No need to ask questions and KYC.

Like many has already said, cryptocurrency can be used as a means of payment. And many stores already accepts crypto as a payment mode

Quote from: StatesManG on March 18, 2019, 11:02:42 AM

Like many has already said, cryptocurrency can be used as a means of payment. And many stores already accepts crypto as a payment mode

Is the number of stores accepting crypto going up or down? I remember there was one statistic that said adoption is slowing down, but don't know what it is like right now.

I really don't get what this question is, if you have been into cryptocurrency for times now, you should know that there are some Cryptos which is already been used for payment, like the Bitcoin and Ethereum, etc.

i think crypto can be able to use in payments by more people in the future because there are many countries using cryptos for payments now, rightnow we can see more and more people accept using crypto as their main currency because it is much more convienient than Cash, i really hope one day in the future the world will soon accept cryptos as their main currency.

Quote from: H0USE on March 19, 2019, 05:05:12 PM

It totally depends on what you want to pay for. If you go to a supermarket cash is still very convenient. If you want to send money globally, all options we have right now suck and crypto is the best.

Cryptocurrency can indeed be a payment method, but it is conditional on where you live, is there a store that accepts cryptocurrency payments.

of course cryptocurrency can be able to use as a payment, until now many company release apps payment gateway using cryptocurrency as their money and based blockchain technology, but in few country cryptocurrency is ilegal for used as payment replace FIAT in the country