Too much crypto payment projects but little people accepting crypto payments

[klaaas]

the core of our problem is that public demand is still low.

Yes i do feel the same, The plugins and tools needed to make accepting crypto easy are becoming more and more available. They will integrate it when more and more competition is doing it as well.

[ralosted]

Do you noticed a paradox? So much talk about ico projects, cryptocurrency, artificial intelligence. But when I begin to ask simple questions "what project do you support?", then silence in response. People make view that know everything, but they even don’t have the basic understanding how the blockchain works?

[sethelfor]

Do you noticed a paradox? So much talk about ico projects, cryptocurrency, artificial intelligence. But when I begin to ask simple questions "what project do you support?", then silence in response. People make view that know everything, but they even don’t have the basic understanding how the blockchain works?

Try to be more positive. Blockchain technologies are still entering a phase of growth and are still far from universal use. Although I agree that jokes with chocolate bitcoins show the not too smart side of people. People are easily led astray when they do not understand what they are dealing with and hear bikes. That's why I like projects like Taklimakan, which have a good educational base for newbies who are just discovering the world of tranding and for a more confident user who can share their knowledge

[ralosted]

Do you noticed a paradox? So much talk about ico projects, cryptocurrency, artificial intelligence. But when I begin to ask simple questions "what project do you support?", then silence in response. People make view that know everything, but they even don’t have the basic understanding how the blockchain works?

Try to be more positive. Blockchain technologies are still entering a phase of growth and are still far from universal use. Although I agree that jokes with chocolate bitcoins show the not too smart side of people. People are easily led astray when they do not understand what they are dealing with and hear bikes. That's why I like projects like Taklimakan, which have a good educational base for newbies who are just discovering the world of tranding and for a more confident user who can share their knowledge

I would not dismiss large service companies that run their token. for example, paypal, instagram, microsoft. I had a little time to earn extra money when writing forecasts on the taklimakan. and I do not plan to sell tokens just for bitcoin. trader's portfolio must be balanced

[therhslv]

I believe one of the major setbacks of the present crypto space is a lot of new projects are focused on providing the fastest easiest crypto coin to be used for payment purposes and transactions however considerably lower effort is placed on the vendors who are actually going to be accepting payment in form of cryptocurrencies because what is the use of having a crypto payment card full of money that you cannot spend.

Whitmore payment gateways a inform of PayPal and the likes accepting crypto payments from multiple coins without necessarily issuing their own coin then there will be better adoption of cryptocurrencies by both business owners and customers.

I think somebody will create (as there already is in market ) easy plugins for merchants / POS terminals and stuff like that to accept crypto . And it will not matter with what crypto you pay ERC / BITCOIN or any other coin/token . As long as it will have value , it will be accepted .

[ralosted]

Do you noticed a paradox? So much talk about ico projects, cryptocurrency, artificial intelligence. But when I begin to ask simple questions "what project do you support?", then silence in response. People make view that know everything, but they even don’t have the basic understanding how the blockchain works?

Try to be more positive. Blockchain technologies are still entering a phase of growth and are still far from universal use. Although I agree that jokes with chocolate bitcoins show the not too smart side of people. People are easily led astray when they do not understand what they are dealing with and hear bikes. That's why I like projects like Taklimakan, which have a good educational base for newbies who are just discovering the world of tranding and for a more confident user who can share their knowledge

Sometimes you do not know where to go. not everyone is able to support the conversation about blockchain technologies. thanks for the tip

[thaliaand]

Indeed, there are too many cryptocurrency payment projects and still few of people accepting them as cryptocurrency payment gateways. This may because of the issue of legality and regulation unlike Paypal. But the adoption is slow but surely will be massive in the near future and only crypto payment platform that truly meet the market needs and the consistency of the team in developments will survive.

[xenomorphe1]

Crypto payments coins are not really used to buy things. They are mostly used for trading like other coins. The problem is, who really want to accept a coin with a big volatility?
Except if this coin is very stable, merchants won't accept it. It is like accepting a salary in cryptos. It is good when the coin is in the uptrend, but very bad in a bear market.

[redsap]

Yeah right now they are very much payment project. But still i guess this is still a time for the compettition because we know that crypto payment are just begin popular in this time. Same like industrial age that many people are competting to make a long stand product. And the innovative one that can survive in this competition bussiness

[_Sergo]

Yeah right now they are very much payment project. But still i guess this is still a time for the compettition because we know that crypto payment are just begin popular in this time. Same like industrial age that many people are competting to make a long stand product. And the innovative one that can survive in this competition bussiness

over time, each more or less adequate platform will fasten the ability to accept payments in cryptocurrency, and then there will be real competition.

[joshy23]

Crypto payments coins are not really used to buy things. They are mostly used for trading like other coins. The problem is, who really want to accept a coin with a big volatility?
Except if this coin is very stable, merchants won't accept it. It is like accepting a salary in cryptos. It is good when the coin is in the uptrend, but very bad in a bear market.

The fear of losing the value still at stake from most people that's the reason behind why crypto coins that's been developed are not getting anywhere, the actual usage for the sole purpose ain't materializing, still being kept for trading and investing purposes, only time can say if adoptions will really happen in the mainstream community where crypto will be use as an alternative to fiat currency.

[trudovik]

Perhaps this is the beginning of the cryptocurrency era, the whole point is that there are people who use cryptocurrencies only as a hobby. Many people began to use cryptocurrencies in this respect. so I think that from so much.

[Duzter]

Perhaps this is the beginning of the cryptocurrency era, the whole point is that there are people who use cryptocurrencies only as a hobby. Many people began to use cryptocurrencies in this respect. so I think that from so much.

As stated we are in the very beginning of a new era which is revolutionary and has got everything associated with technology. Maybe more payment related projects seems unwanted, but these are necessary in my view. Just think of few years back, there is very few payments service like PayPal, now we've got lot many and we use the one we feel better.

[Supercrypt]

All I just see are duplication of system, job and responsibilities. The bureaucracy in this industry is getting too much and quite annoying to me. We already have a system that has been design and has never disappointed which is bitcoin, and even If in agree that it is good to break monopoly, Ethereum has already done that, so why still come up with solution to a problem that has already been solved.

I am not even against them creating projects, they would have just come as sub under Bitcoin and all use Bitcoin to create whatever project they are working on, instead of creating coins, some of the ones that even have similar projects needs to merge their services. We don’t need more projects, what we need is more Bitcoin adopters.

[anjho.ace]

Regulation is the main key for the countries and merchants to start accept cryptocurrency.
Once that regulation is done then everything will work fine.
Funds and taxes is the big issue on acceptance, we should wait more for this.

[nik009]

What is keeping cryptocurrencies from mass adoption? No regulation, so some people think that cryptocurrencies are used mainly for illegal activities.

[guoyu78]

I believe one of the major setbacks of the present crypto space is a lot of new projects are focused on providing the fastest easiest crypto coin to be used for payment purposes and transactions however considerably lower effort is placed on the vendors who are actually going to be accepting payment in form of cryptocurrencies because what is the use of having a crypto payment card full of money that you cannot spend.

Whitmore payment gateways a inform of PayPal and the likes accepting crypto payments from multiple coins without necessarily issuing their own coin then there will be better adoption of cryptocurrencies by both business owners and customers.

You are right there are so many of them, but they are positioning themselves when the market grows for cryptocurrency payment, cryptocurrency payment will be adopted in the future, it is guaranteed to be, and it always pays for a project to be in the market, when that time comes.

Are they really positioning themselves or just after the benefit of what they can get, if they are really positioning themselves, then why are they all failing, we don’t need too many of them for the future of cryptocurrency to be successful.

Leaving blockchain payment aside, before the invention of blockchain technology, do we not have other payment processors that have succeeded in managing the entire world which they are few. I.E paypal and co and the system have not collapsed, despite the fact they are few. So in blockchain too, we just need few and solid ones to position themselves for now and for the future.

[Kingairdrop]

I believe one of the major setbacks of the present crypto space is a lot of new projects are focused on providing the fastest easiest crypto coin to be used for payment purposes and transactions however considerably lower effort is placed on the vendors who are actually going to be accepting payment in form of cryptocurrencies because what is the use of having a crypto payment card full of money that you cannot spend.

Whitmore payment gateways a inform of PayPal and the likes accepting crypto payments from multiple coins without necessarily issuing their own coin then there will be better adoption of cryptocurrencies by both business owners and customers.

You are very well learned, developers forget that for adoption to be observed by the masses they need to carry the merchants along. Developing wallets and cryptocurrency without incentives to the vendors will omly lead to slow adoption of cryptocurrencies.

[DeepChipolino]

The same can be said about cryptoexchanges. Crypto has its own special way of development. A sufficient need for cryptocurrencies has not yet been formed, but an extensive infrastructure is already being created that is not saturated. Maybe now we need to act not in the expansion, but in the development of what is for adoption.

[Perfect35]

You're right.
Eventually cryptocurrency like most other technology will need world government bodies to introduce regulations and legal guidelines to aid adoption.

For cryptocurrency to have mass adoption, it does not need to be given any form of regulation by the government, because that might amount to decentralization. Instead, the projects that are Bering lunched, most especially the serious ones, should come up with useful products.
These are what investors will see and draw their attention, not only to the coin, but to the product.