Crypto as a payment method for goods: what to expect in 2019

[exstasie]

Hi guys.
I'm wondering what's your opinion on the goods purchased in currencies other than euros or dollars, say crypto. I'm aware it's being used as a regular currency in various fields now. There are, for instance, lots of successfully run marketplaces based on crypto out there. 

Hmm, are there? Besides darknet markets, that is?

Over the past year, the market capitalization within crypto soared to the Moon.  Unfortunately, it's been a bear trend for a while now and no one can say for sure when it's gone. However, I am still thinking there's some light at the end of the tunnel - new market, pretty few competitors, great potential. So it's high time to become an active user.

So that begs the questions: Your thoughts on crypto as a payment method? Any progress achieved in the upcoming year?

The Lightning network (and apps/wallets used to interact with it) is progressing nicely. I think we'll see Lightning usage ramp up a lot over the next year or two, especially when on chain fees start rising again.

I thought this was a pretty cool development for merchants. It's a Lightning wallet, with full node and BTCpay server that functions as a point of sale terminal: https://bitcoinmagazine.com/articles/new-zap-point-sale-app-enables-merchants-accept-lightning/

[CherryWarrior]

As far as I know the theme of crypto markets is a new one. After looking at some information: the projects of crypto-markets like MT and OpenBazaa are quite progressive.

[AwesomeLemming]

Well, we're here to talk about the marketplace. And directly, someone is familiar with those from the inside. Have you ordered smth, made purchases via crypto funds?

[leavolnhals]

Hi guys.
I'm wondering what's your opinion on the goods purchased in currencies other than euros or dollars, say crypto. I'm aware it's being used as a regular currency in various fields now. There are, for instance, lots of successfully run marketplaces based on crypto out there. 
Over the past year, the market capitalization within crypto soared to the Moon.  Unfortunately, it's been a bear trend for a while now and no one can say for sure when it's gone. However, I am still thinking there's some light at the end of the tunnel - new market, pretty few competitors, great potential. So it's high time to become an active user.

So that begs the questions: Your thoughts on crypto as a payment method? Any progress achieved in the upcoming year?

Our market only thrives when the recession no longer exists. We are affected by the recession very much and we are being pulled back.
We need to work harder to save the market from destruction. Don't expect too much that the crypto market will flourish in 2019, that's fanciful.

[anafiene]

Crypto payments will be popular, as more people realize that crypto is the easiest method fast and effective. Even though the crypto market is down, many will use this moment. Even fundraising in crypto is still running.

[dothebeats]

Crypto payments wouldn't really hit it yet IMO knowing that there aren't enough merchants accepting the said payment method. The problem is not on the buyer's side but on the selling side, as most are still hesitant to integrate cryptocurrencies into their checkout pages. Bitcoin is fast, secure and reliable in itself, but the price is what makes the conflict for most merchants. Market capitalization and high price alone wouldn't seal the deal, you also need price stability if you want the merchants pouring in.

[fauzan Ichsan]

I don't think that this year has been too hopeful that bitcoin will be used as a payment tool. but I hope that this year, more countries will regulate it to be included in the trade exchange

[Savemore]

As mentioned crypto payments were getting integrated with large scale businesses. This starts from even small shops located on rural part of the nation. Right now these stores weren't generating big revenue through bitcoin acceptance. Slowly this will change with more and more revenue being generated through crypto services.

You should not be worried at all because there are improvements that are happening in the cryptocurrency market even it is still down.  We can expect that by the end of the year, the users of the cryptocurrencies will increase by 100% and more.

[Indamuck]

There just isn't enough people using crypto for payments at this point in time.  It doesn't even have the ability to be decentralized and scale yet anyways.  Right now bitcoin is mostly a store of value, I think of it as digital gold. Of course it is still used as payments but I like to think of it as a digital gold bearer bond.

[kryptqnick]

Hi guys.
I'm wondering what's your opinion on the goods purchased in currencies other than euros or dollars, say crypto. I'm aware it's being used as a regular currency in various fields now. There are, for instance, lots of successfully run marketplaces based on crypto out there. 
However, I am still thinking there's some light at the end of the tunnel - new market, pretty few competitors, great potential. So it's high time to become an active user.
So that begs the questions: Your thoughts on crypto as a payment method? Any progress achieved in the upcoming year?

There has indeed been some progress in accepting cryptocurrencies as payment. The two immediate things that come to my mind are related to Japan. The first one is that Rakuten (Japanese Amazon) intends to accept cryptos as payment, which is pretty huge. This is a great example of how buying goods and services can work out for cryptos, since online payments don't need to be as fast as the ones in real life (because you don't have to wait in a queue). Another thing is an experiment Japan plans to conduct with cryptos being accepted in real life (they will most likely make their own token for that, though): https://www.technologyreview.com/s/611656/will-people-ditch-cash-for-cryptocurrency-japan-is-about-to-find-out/.

[whirlcoin]

There just isn't enough people using crypto for payments at this point in time.  It doesn't even have the ability to be decentralized and scale yet anyways.  Right now bitcoin is mostly a store of value, I think of it as digital gold. Of course it is still used as payments but I like to think of it as a digital gold bearer bond.

The profitable way of money making is always cryptocurrency so it definitely had the ability to be a normal money by the usage of normal daily life and people also waiting for that changes to buy and sell products for cryptocurrency so definitely will be happened.

[biskitop]

I hope it can be used for online purchases and payments because I think bitcoin is easier to do it all. I think the world will be practical if you use bitcoin as a payment.

[Janation]

Crypto payments will be popular, as more people realize that crypto is the easiest method fast and effective. Even though the crypto market is down, many will use this moment. Even fundraising in crypto is still running.

I don't think that will happen this year.

We all know that the price is so low and a lot of people don't really like cryptocurrencies. If crypto payments will be popular, then what is the reason behind that? Yes, people don't know the transaction fees or the transaction speed but I don't think you should say that it is effective. Instead of using them as a method of payment, I think people will just save it and wait for the price to pump.

[jcarlo]

Hi guys.
I'm wondering what's your opinion on the goods purchased in currencies other than euros or dollars, say crypto. I'm aware it's being used as a regular currency in various fields now. There are, for instance, lots of successfully run marketplaces based on crypto out there. 
Over the past year, the market capitalization within crypto soared to the Moon.  Unfortunately, it's been a bear trend for a while now and no one can say for sure when it's gone. However, I am still thinking there's some light at the end of the tunnel - new market, pretty few competitors, great potential. So it's high time to become an active user.

So that begs the questions: Your thoughts on crypto as a payment method? Any progress achieved in the upcoming year?

If cryptocurrency used for payment in merchant, in many country need government regulation and i think its need more time. Many project do this and that project prefer create their own market place. But mostly crypto can used as payment if that is online store.

[Ranly123]

Hi guys.
I'm wondering what's your opinion on the goods purchased in currencies other than euros or dollars, say crypto. I'm aware it's being used as a regular currency in various fields now. There are, for instance, lots of successfully run marketplaces based on crypto out there. 
Over the past year, the market capitalization within crypto soared to the Moon.  Unfortunately, it's been a bear trend for a while now and no one can say for sure when it's gone. However, I am still thinking there's some light at the end of the tunnel - new market, pretty few competitors, great potential. So it's high time to become an active user.

So that begs the questions: Your thoughts on crypto as a payment method? Any progress achieved in the upcoming year?

Right now the bear market trend brings fear to some users of cryptocurrency but it does not mean it will totally make it dead. Yes, there are online stores which accept crypto and most likely those online casinos. I think bearish market will end in few years time, so let's be optimistic about it and think more positively that bull run will trigger.

[jademaxsuy]

In my country is all I know that there is a company that accept bitcoin as payment for electricity bill, water bill, game currency and load which is still happening now as I did use it too. As we all know not all accept cryptocurrency as payment for goods and other stuffs.

[Indrawan77]

Crypto was supposed to be used as currency but still struggle because most of the governments still hasn't sure adopting crypto could benefit for the country, the progress is moving really slow but more and more countries already started to try to adopt crypto although its a small step but its moving forward, the mass adoption that we hope is still far, but we are slowly moving to that direction

[normanderecho]

Crypto was supposed to be used as currency but still struggle because most of the governments still hasn't sure adopting crypto could benefit for the country, the progress is moving really slow but more and more countries already started to try to adopt crypto although its a small step but its moving forward, the mass adoption that we hope is still far, but we are slowly moving to that direction

If only the government will realize the positive impact of economy in their country, then they'll be the one to encourage their people to start investing in cryptos. But, unfortunately they will never do that for sure. Some countries already adopting cryptos. There are exchanges in some countries that allows you to pay bills using your cryptos. I hope other countries will also adopt that method. By doing so, it will gain more popularity.

[owlman]

Hi guys.
I'm wondering what's your opinion on the goods purchased in currencies other than euros or dollars, say crypto. I'm aware it's being used as a regular currency in various fields now. There are, for instance, lots of successfully run marketplaces based on crypto out there. 
Over the past year, the market capitalization within crypto soared to the Moon.  Unfortunately, it's been a bear trend for a while now and no one can say for sure when it's gone. However, I am still thinking there's some light at the end of the tunnel - new market, pretty few competitors, great potential. So it's high time to become an active user.

So that begs the questions: Your thoughts on crypto as a payment method? Any progress achieved in the upcoming year?

You are right, crypto-currencies are progressing, they are gaining more recognition and the number of establishments and trading places that accept crypto-currencies as a means of payment is increasing, but you need to recognize the fact that most people are not ready to use digital currencies, just as a means of payment , and see only as a way to profit.

[joromz1226]

Crypto as payment method this year for goods, will become more improve. The way I can see with it, lots of country now are becoming opened into this concepts. Its not because the average of trend about in crypto was increasing but majority of the country now are awakening on this innovations in terms of blockchain technology. That's why lot of merchants are now adopting it already all over the world.