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

[CherryWarrior]

True. Inernational transfers using the banking systems are expensive enough. Plus it takes quite a few time. Crypto allows me to do this real quick while not paying a cent for the transaction to be made.

In this case, what do you think about the future of the bankong system? Will there still be a demand for them?

No I don’t think so, because now people likes to invest in crypto currency and they are now at high demand it is beneficial ad it helps us to get out of financial crises, we will have to move with and time says we should accept the value of crypto currency which is much higher than banking now, people got it as best place to save their money for long term.

Cannot but agree! Banks would take risks and admit it's more onvenient to use crypto as a payent for people. Along with its usability it allows to save some money. Say, a-eur that you can transfer for free around the globe and then exchange it to fiat money.

What? what is that euro ? a-eur ?

Hi, it's a stable coin. Just google it on the Net.  Speaking briefly, you can keep it in the wallet as other coins/tokens, but transfer them to somebody you want to for free. So it's like you are transfering euros transformed into a stable coin.

[GreenwoodStranger]

Not Bad...:O So I can be transfered money with no fees, too, right?

[Xising]

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?

I think many have been doing that already since many companies have already allowed cryptocurrencies to be used that way, or a select few of them for that matter. I think, as more and more coins would be accepted by more companies, especially the trusted ones to be used as a payment for goods and services that would open new doors for the horizons of cryptocurrencies. However, for now, it is limited because there still a lot of considerations that companies think of, since we can't hide the fact that cryptocurrencies, in terms of its value, changes in a blink. So, as a company that needs a return for its capital, it would be too difficult to just accept and accept cryptocurrencies knowing how it can be unreliable.

[technoloverr]

Not Bad...:O So I can be transfered money with no fees, too, right?

Yep. Go to MY website, they have all the info there.

[kamilah147]

I wonder what markets have you heard of? I recently found MT, now studying. I have a feeling this is going to take off. I decided that while there is time it is necessary to get acquainted with this market.

I still believe in the altcoin market and still believe in ETH even though currently the market conditions and conditions are in a bad condition and I believe the altcoin will become even more developed

[buwaytress]

I think many have been doing that already since many companies have already allowed cryptocurrencies to be used that way, or a select few of them for that matter. I think, as more and more coins would be accepted by more companies, especially the trusted ones to be used as a payment for goods and services that would open new doors for the horizons of cryptocurrencies. However, for now, it is limited because there still a lot of considerations that companies think of, since we can't hide the fact that cryptocurrencies, in terms of its value, changes in a blink. So, as a company that needs a return for its capital, it would be too difficult to just accept and accept cryptocurrencies knowing how it can be unreliable.

The real shift for me would be for merchants to start ditching those payment processors that actually doesn't do anything other than make a Bitcoin-fiat gateway. I'd really like to see more "Bitcoin accepted here" signs to mean that merchants are actually using their own Bitcoin wallets, and not forcing customers to pay using something like Bitpay, where they've to pay fees anyway (not to mention the inability now to use RBF or even set reasonable fees, as Bitpay's network insists you pay exorbitant miner fees).

With LN really smoothening out its rough edges too, there could be added incentive. Not sure 2019's the year for that though.

[GreenwoodStranger]

Not Bad...:O So I can be transfered money with no fees, too, right?

Yep. Go to MY website, they have all the info there.

Thanks, will do!:)

[eaLiTy]

If I'm not mistaken (I haven't sent any bitcoin in the past 4 days or so), there was recently a lot of network congestion and transactions were stuck in the blockchain for about a day or two.  It's all good now, but situations like those really take away from bitcoin's usefulness as a currency.  Who in their right mind would want to use bitcoin and potentially wait a day for a confirmation when they could just as easily pay for something with fiat?  That's always been a deal breaker in my eyes, and it's just one of the reasons why I don't like spending bitcoin on things I could pay for with cash or a debit card.

Yes there was a network congestion in the past week when the market started rising and if you are giving a minimal transaction fees, it would get stuck for days while a few days back it would get through in a couple of years, when the market rises and if there are more transactions the only way to move the coins faster is to increase your transaction fees, i did input less than ten thousand satoshi  and it went through within the next few blocks, transaction fees are still lower.

Bitcoin will probably always be useful for things on the dark markets and for transactions where a little bit of anonymity is needed.  It's also useful for legally grey-area stuff that banks and payment processors don't want to get involved with (cannabis seeds, kratom, you name it).  Other than that, there probably won't be much progress.  When places like Amazon and eBay start jumping aboard, then bitcoin will have hit mainstream.  Until then, its main use is as an investment.

I do agree with some of your sentiment here, but if there are merchants accepting bitcoin, i am sure people will be using that to make their payments instead of using credit cards, you never know how secure those card details will be if you are using it for purchasing online, that is not the case with bitcoin and that is a major difference.

[Muzika]

I wonder what markets have you heard of? I recently found MT, now studying. I have a feeling this is going to take off. I decided that while there is time it is necessary to get acquainted with this market.

I still believe in the altcoin market and still believe in ETH even though currently the market conditions and conditions are in a bad condition and I believe the altcoin will become even more developed

Maybe it is better if you will see the team will be better and better soon and not only the project, maybe it is better if we will just look unto the honesty of the team to the investors and willingness of them to share what must be on the investors, that is the most common problem in cryptocurrency that is why the market was not that good most of the time. The abandonment of the team to their project after sales leads to the negativity to the altcoin industry. A team can create a good coin in the market but they dont have time to sustain it until the further success.

[Naida_BR]

Crypto into payments can be seen all around as Marketplaces have begun to accept bitcoin compared to the past. There is also some form of issue relative to it which is the transaction confirmation. At times there will be more transactions stuck on the network due to congestion. This is not fair when used into businesses, so more advancements is a must for using bitcoin as Payments.

The acceptance of cryptocurrencies has started to happen but still we are in a very initial stage.
Still, we have a long way to go because the marketplace may be full of bitcoin accepted transactions but those are informal. We need to have a more formal place to sell and buy product with cryptos.

[Caladonian]

Crypto into payments can be seen all around as Marketplaces have begun to accept bitcoin compared to the past. There is also some form of issue relative to it which is the transaction confirmation. At times there will be more transactions stuck on the network due to congestion. This is not fair when used into businesses, so more advancements is a must for using bitcoin as Payments.

With many people already heard and learned about crypto there's nothing to expect than more businesses to cater the system, we do learned and so with them, the acceptance will be far better this year as the momentum start again to rise, with news and more related topics around social institutions and media coverage, we can expect more new followers and attracted believers.

[incomefromcoins]

with the launch of coinbase debit card in London we can expect mass adoption happen and most of the merchants and consumer transit through crypto-based cards in the coming future

[gabmen]

Crypto into payments can be seen all around as Marketplaces have begun to accept bitcoin compared to the past. There is also some form of issue relative to it which is the transaction confirmation. At times there will be more transactions stuck on the network due to congestion. This is not fair when used into businesses, so more advancements is a must for using bitcoin as Payments.

The acceptance of cryptocurrencies has started to happen but still we are in a very initial stage.
Still, we have a long way to go because the marketplace may be full of bitcoin accepted transactions but those are informal. We need to have a more formal place to sell and buy product with cryptos.

That will come. But it won't happen overnight of course. Compared to a few years back, the amount of bitcoin and crypto usage has dramatically increased and there's no reason why it should slow down now.

[Umkar]

It looks like the first quarter of 2019 did not show a strong development of the crypto industry, but rather last year’s decline continued. If in 2017 I often heard about how ATM Bitcoin appears in my city and new places where they accept cryptocurrencies as payment, now there is almost no news about new points where cryptocurrencies could be used. But now, when the price of all coins began to grow, many crypto projects became more active and began to develop. There are already quite a lot of crypto wallets with various functions that facilitate the use of cryptocurrencies for the purchase of goods, I chose some of the most convenient ones for myself, but I want to leave one of the best. Unfortunately, last year’s decline in the crypto market slowed down the development of the crypto infrastructure, but I think this year will be more successful than the past.

[MrGreenMan]

cool

[MrGreenMan]

It looks like the first quarter of 2019 did not show a strong development of the crypto industry, but rather last year’s decline continued. If in 2017 I often heard about how ATM Bitcoin appears in my city and new places where they accept cryptocurrencies as payment, now there is almost no news about new points where cryptocurrencies could be used. But now, when the price of all coins began to grow, many crypto projects became more active and began to develop. There are already quite a lot of crypto wallets with various functions that facilitate the use of cryptocurrencies for the purchase of goods, I chose some of the most convenient ones for myself, but I want to leave one of the best. Unfortunately, last year’s decline in the crypto market slowed down the development of the crypto infrastructure, but I think this year will be more successful than the past.

cool

[AbsCentner]

This year is not the one to bet on. BTC is still pretty volatile. Also with the rate getting lower, lots of us are losing faith. I'm not here to make any predictions and foresee the exhanges development as there's no use id doing it at all.  Speaking of crypto as a payment method I guess it won't soon be globally accepted. Everything going on rg is just a number of efforts made during the crypto hype.

[Pasaway2701]

Crypto into payments can be seen all around as Marketplaces have begun to accept bitcoin compared to the past. There is also some form of issue relative to it which is the transaction confirmation. At times there will be more transactions stuck on the network due to congestion. This is not fair when used into businesses, so more advancements is a must for using bitcoin as Payments.

Until BTC is volatile, it cannt be used as a payment method. It's fraught with loses and inconveniences for users.

Bitcoin is very volatile and can be more profitable so better hold it than used on the market. Though there is store that accepts, I cannot see how many going to give up there coins for that or just choose to used fiat instead. There is no fruit as 2019 goes by on half year.

[desticy]

People need fast payment methods, we do not live in the Stone Age, but most of the cryptocurrencies are deferred waiting means of payment, it’s one thing when you pay something on the Internet and you have time to wait, it’s quite another when you are in the store and you have no time.

[FallApart]

This year is not the one to bet on. BTC is still pretty volatile. Also with the rate getting lower, lots of us are losing faith. I'm not here to make any predictions and foresee the exhanges development as there's no use id doing it at all.  Speaking of crypto as a payment method I guess it won't soon be globally accepted. Everything going on rg is just a number of efforts made during the crypto hype.

Well, that's SO pessimistic)) To me, crypto is gonna rock this world really soon.