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

[NEFFEX]

Hello. I saw an article about the A-EUR partnership with MT, they've added their token onto the platform. What do you think about it guys?

Yes, I agree. I reckon there will be more sellers on the market, the currency will be quite helpful to quite a few. Same goes with the buyers that would buy goods on regular marketplaces.

The main thing here is to tell others about the platform. They need cool  advertising.

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[Ucy]

I feel the best way to use cryptocurrency for buying and selling is within the crypto ecosystem. It will be pretty hard to get government approve the use of cryptocurrency allover their countries unrestricted.  Even if they do they will eventually use it as bargaining tool to get what they want from developers. If you refuse to cooperate they will kick you out of their countries.

[Vaskiy]

I feel the best way to use cryptocurrency for buying and selling is within the crypto ecosystem. It will be pretty hard to get government approve the use of cryptocurrency allover their countries unrestricted.  Even if they do they will eventually use it as bargaining tool to get what they want from developers. If you refuse to cooperate they will kick you out of their countries.

This happens, every government is corrupt. From my understanding there are governments that want to grow on the digital platform. Those countries have already adopted cryptocurrency as well the blockchain technology. Globally online services with bitcoin acceptance have increased a lot. The same hasn't increased on physical stores where we do majority of the shopping. In the future this could happen as the present generation is almost adoptive to technology from birth.

[Faxmate]

Hello. I saw an article about the A-EUR partnership with MT, they've added their token onto the platform. What do you think about it guys?

Yes, I agree. I reckon there will be more sellers on the market, the currency will be quite helpful to quite a few. Same goes with the buyers that would buy goods on regular marketplaces.

The main thing here is to tell others about the platform. They need cool  advertising.

Not too much it is famous now and it is now able to use for selling and buying goods, we are expecting growth so we will have to keep our mind positive in this matter, there are so many plat forums which are being use 24/7 for bitcoin betterment, I am sure coming age will reduce the risk and it will be safer more than this with time, we shall go for purchasing now.

[Betwrong]

~

That's a flawed logic if you ask me

Basically, you are assuming two mutually exclusive conditions, i.e. Bitcoin being a full-fledged currency and Bitcoin not being a full-fledged currency. If we assume the former (which you start off with), then you don't need to exchange bitcoins for fiat as that would imply Bitcoin failing as a currency in its own right, i.e. it being only an inferior proxy or substitute for some other currency, say, the US dollar. If Bitcoin becomes a real "all-inclusive" currency, there won't be a need to exchange it for anything other than goods and services

That's right, but you are talking about the future all of us here set our hearts on. But unfortunately right now Bitcoin is far from being an "all-inclusive" currency. We have to deal with the reality we find ourselves in. Shop owners can't pay rent in BTC, and they can't pay for the most part of services with this currency either. And yet it is possible to actively use it, and I tried to explain how in my post.

[deisik]

~

That's a flawed logic if you ask me

Basically, you are assuming two mutually exclusive conditions, i.e. Bitcoin being a full-fledged currency and Bitcoin not being a full-fledged currency. If we assume the former (which you start off with), then you don't need to exchange bitcoins for fiat as that would imply Bitcoin failing as a currency in its own right, i.e. it being only an inferior proxy or substitute for some other currency, say, the US dollar. If Bitcoin becomes a real "all-inclusive" currency, there won't be a need to exchange it for anything other than goods and services

That's right, but you are talking about the future all of us here set our hearts on. But unfortunately right now Bitcoin is far from being an "all-inclusive" currency. We have to deal with the reality we find ourselves in. Shop owners can't pay rent in BTC, and they can't pay for the most part of services with this currency either. And yet it is possible to actively use it, and I tried to explain how in my post

Actually, I got your point

But still, you are basically thinking up the situation described (with your t-shirts), I mean assuming a situation which is not very likely to occur in real life as it is not natural or organic, economically speaking. In other words, given the circumstances, a particular merchant or seller is going to accept crypto (directly, without an intermediary) if he just happens to like it. It is simply not worth the effort otherwise

On the other hand, a big retailer may actually opt for this option provided there is enough demand for cryptopayments (that's basically why the burden of mass adoption is in fact on consumers, not merchants as such). In that scenario he can actually take great pains and accept the overhead of hedging against volatility himself, but then your whole point becomes kinda irrelevant

[LUCKMCFLY]

I feel the best way to use cryptocurrency for buying and selling is within the crypto ecosystem. It will be pretty hard to get government approve the use of cryptocurrency allover their countries unrestricted.  Even if they do they will eventually use it as bargaining tool to get what they want from developers. If you refuse to cooperate they will kick you out of their countries.

You are right, but there is a possible way out, for example: the negotiation can be done in bitcoin terms, if the price of real estate at the bitcoin level is 10 BTC, people remain in that agreement and for legal and documentation purposes . It is manufactured in the local currency of the country, so it has no problem at the banking or government level.

In my country, in terms of business goods, everything must be in terms of the local currency, a document can not be in any foreign currency, because it would be invalidated and could be a risk of going to jail. So the solution for many lawyers is that.

And not only with real estate, also with movable assets, vehicles, among others. This happens because of the high inflation that exists, so we look for payment methods with more stable currencies, such as dollar, euros and bitcoin.

For this 2019 is expected to continue to prosper this type of business, because people know that their money will not lose value due to inflation, as time goes by, financial solutions will continue that way, since people are looking for security Even if Bitcoin suffers falls, many are clear that it is a deflationary economy and that the recovery will mean a progressive increase in its capital.

[vixcious]

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?

Electronic cash payments are being replicated in developing countries like the Philippines, Singapore and other countries. It is also a signal that blockchain technology is being appreciated by technology businesses and it will serve people in the future with high capabilities.
Currently many start-ups are still making bold ideas and want to edit more about the blockchain. Soon, you'll see a blockchain very complete.

[Pattart]

I feel the best way to use cryptocurrency for buying and selling is within the crypto ecosystem. It will be pretty hard to get government approve the use of cryptocurrency allover their countries unrestricted.  Even if they do they will eventually use it as bargaining tool to get what they want from developers. If you refuse to cooperate they will kick you out of their countries.

This happens, every government is corrupt. From my understanding there are governments that want to grow on the digital platform. Those countries have already adopted cryptocurrency as well the blockchain technology. Globally online services with bitcoin acceptance have increased a lot. The same hasn't increased on physical stores where we do majority of the shopping. In the future this could happen as the present generation is almost adoptive to technology from birth.

What is the relationship between the corrupt government and cryptocurrency adoption? currently only a few countries legalize bitcoin, but that does not mean they adopt bitcoin as a legitimate currency. most of those countries see bitcoin as an asset, so it is still rare who accept payments with bitcoin

[futile-resistance]

Well,  this would be great, indeed. Crypto all together is safe and damn fast to transact. Unfortunately, we'll have to wait for too long for that to become everyday reality.

It would really be great thing indeed and I personally believe most stores who are very familiar with cryptocurrency world would have started integrating BTC as their payment method especially during this bear market. Though it will only be for those that are patient to keep the money paid in BTC for a while and hoping for the 2020 halving. Crypto is safe and transaction fast like every other online payments, might not really take so long to achieve this.

most of those countries see bitcoin as an asset, so it is still rare who accept payments with bitcoin

We never need to worry on seeing bitcoin as an asset because that must be the first step toward adopting bitcoins. Literally Mr.Satoshi has designed bitcoins in that way only. Recognizing bitcoin as a payment would be a second step but it would take more time as no one will be ready to spend their assets for cheaper prices .

[deisik]

I feel the best way to use cryptocurrency for buying and selling is within the crypto ecosystem. It will be pretty hard to get government approve the use of cryptocurrency allover their countries unrestricted.  Even if they do they will eventually use it as bargaining tool to get what they want from developers. If you refuse to cooperate they will kick you out of their countries.

You are right, but there is a possible way out, for example: the negotiation can be done in bitcoin terms, if the price of real estate at the bitcoin level is 10 BTC, people remain in that agreement and for legal and documentation purposes . It is manufactured in the local currency of the country, so it has no problem at the banking or government level.

In my country, in terms of business goods, everything must be in terms of the local currency, a document can not be in any foreign currency, because it would be invalidated and could be a risk of going to jail. So the solution for many lawyers is that.

And not only with real estate, also with movable assets, vehicles, among others. This happens because of the high inflation that exists, so we look for payment methods with more stable currencies, such as dollar, euros and bitcoin

What country are you from?

As it is essentially the same in my quarters. Technically, it may not be outright illegal to sell or buy an apartment for, say, US dollars as such, but I have yet to see someone actually denominating the contract price in dollars in a real estate purchase agreement, even though it is an accepted practice to pay with dollars while setting the sales price in the local currency. And I have also read about people paying with bitcoins for apartments, though I haven't yet met such individuals personally

[aad140386]

As far as I know already now, many large online stores such as Newegg, Overstock accept Bitcoin for payment for goods. The mechanism is not yet very common among buyers, but I think that with the onset of a new bull market, payment using cryptocurrency will grow again. And as you understand, the number of large companies that will start accepting Bitcoin will also grow because no one wants to give up a growing market to competitors. When the information background around cryptocurrencies changes, the number of companies ready to work with cryptocurrencies will grow faster than mushrooms after rain.

[Best Dreams]

~

That's a flawed logic if you ask me

Basically, you are assuming two mutually exclusive conditions, i.e. Bitcoin being a full-fledged currency and Bitcoin not being a full-fledged currency. If we assume the former (which you start off with), then you don't need to exchange bitcoins for fiat as that would imply Bitcoin failing as a currency in its own right, i.e. it being only an inferior proxy or substitute for some other currency, say, the US dollar. If Bitcoin becomes a real "all-inclusive" currency, there won't be a need to exchange it for anything other than goods and services

That's right, but you are talking about the future all of us here set our hearts on. But unfortunately right now Bitcoin is far from being an "all-inclusive" currency. We have to deal with the reality we find ourselves in. Shop owners can't pay rent in BTC, and they can't pay for the most part of services with this currency either. And yet it is possible to actively use it, and I tried to explain how in my post.

Paying with bitcoin now a day is not a big deal, it is very easy to buy goods of our own needs with help of bitcoin, shops are allowing bitcoin as currency, which is no more hard because of bitcoin fast accessibility, we should buy when it is vendible and store for long term if want to earn with it for our better future because bitcoin has certainly a bright future as currency.

[56 nights]

The online marketplaces' competitors are on their way MT's just launched a new token with the possibility of exchange to euro.

[technoloverr]

The online marketplaces' competitors are on their way MT's just launched a new token with the possibility of exchange to euro.

Yes, I was digging into this too. The fee is low enough to send the money. But I like the fact you won'y be needing a credit card anymore. This must be a nice turn-on factor for new users I believe.

[AwesomeLemming]

How often are MT Auctions are held? I'm thinking about joining in some time in the future when I've more free funds.

[eatwhatyoukill]

If there is a great choice of the goods, A-EUR Market will def be one of the major competitors to regular e-commerce platforms

[klimus]

If there is a great choice of the goods, A-EUR Market will def be one of the major competitors to regular e-commerce platforms

[jakezyrus]

The online marketplaces' competitors are on their way MT's just launched a new token with the possibility of exchange to euro.

Yes, I was digging into this too. The fee is low enough to send the money. But I like the fact you won'y be needing a credit card anymore. This must be a nice turn-on factor for new users I believe.

i dont see any unique features for that incoming token that you are talking about  because i think other existing cryptos do already have that feature . there are cheap but good alts that you can use to send or recieve money without the need of credit card of course because cryptos are already a payment method  . exchanges and wallets nowadays do also have the feature to convert your cryptos onto a local currency ( fiat ) that you decide  . so whats the catch  ?

[Bear_Cub]

As any new business or idea, the shop needs advertising. In case ModulTrade is properly advertised it'll be able to outdo those online shops.