Too much crypto payment projects but little people accepting crypto payments

[olabiyijummy02]

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.

[Adriano2010]

Indeed maybe there is too much projects and people don't know what to choose, but PayPal is against of buying crypto with, and if PayPal will somehow fix the refunds problem and will let people buy crypto with then more people will buy crypto.

[EastSound]

I think the issue for accepting cryptocurrency as a payments is where the funds came from. Companies/merchants will be liable if they accept funds that came from illegal activities and they can be legally persecuted for it. I think this is the reason, why most of them dont accept crypto easily because it is hard o verify where these money are coming from.

[jakelyson]

There is still a large need for adoption and legalization before more vendors accept bitcoin or crypto payments. This is given because cryptocurrency is still very young. But I think the projects trying to achieve this is a good step.

Regarding Paypal and crypto, it is definitely a bad fit.

[shiming]

This requires legal supervision. Currently cryptocurrencies do require formal legal documents. This will allow more merchants to support cryptocurrencies until that time. I think cryptocurrency payments will also get more people like it.

[coin-investor]

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.

[Perie200]

You're all right. It is easier to say that the project needs value, and the value of the project is its community and the service that this community uses.If all these points are present then the project token will be priced and demanded in the cryptocurrency market.

[reallester]

no yet but will become new user to adopting crypto and get payment crypto only.
crypto have future, dont be late to colect now when become popular and replace fiat around the world

[Red-Apple]

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

actually the biggest problem is that nobody is focusing on this!

you see most of the project nowadays are focusing on the best way to get the most hype so that they can get pumped biggest and make the most amount of money. the result is obviously disastrous as all the altcoins have turned into shitcoins instead.

[SirLancelot]

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.

Well, this thing take time and we might have to wait a longer while before we begin to see mass adoption in the crypto space, though we now have a lot of companies that accept crypto, this includes for hotel booking, making purchase of goods and services and also payment for domains and host, I recently heard that a well known bakery “Domino’s Pizza” now accepts bitcoin as a means of payment for purchase of pizza, I believe more to come soon

[Boombull]

I think this can easily be accomplished if those crypto payments ecosystem that sounds new to many can be easily integrated into existing conventional ecosystem which people are already accustomed to. Not all people have the patience to learn new things but if it is integrated into what they are using before, it will be more easier for them.

[Bonsaiav]

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

You're right OP. New projects / new coins seem to be very easy to make, rather than their use (as a media transaction). In my opinion this proves, that cryptocurrency really needs a cold helping hand from the government or the bank to change the various policies that have been made by his party so that the movement of the cryptocurrency can expand freely reach the general public, and can trigger the growth of new adoption even to the level even greater adoption.

[Mrsparks]

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.

This is the main issue I have with majority of the crypto projects designed for cryptocurrencies payments ..Majority of them fail to establish the requisite networks and co-orperation needed for their projects.. High value but no usecase is a waste in my opinion.

[Wale777]

Almost every other day is witnessing the launch of new cryptocurrency while its seems like a mirage for the adoption of this coins as payment options. I have observed that its only bitcoin that is being accepted as a means of payment while other are more or less junks . I hope the developers work on the adoption other than wasting raised funds on developing apps that don't have real time usage

[passwordnow]

That's why bitcoin is the sole cryptocurrency that everyone can use. The adoption of it has been widely spread unlike those projects that are popping everywhere and tells the community that they are a good payment for goods and other stuffs. You hit it correct that you have money but there's no people that's willing to accept it as a payment. Ofcourse, merchants, businesses and other people that are into this kind of community would love to choose the crypto that's accepted by majority and that is bitcoin, not a project that proclaims things that they can't make it happen.

[Cuk0ng_bitc0in]

the core of our problem is that public demand is still low. so crypto progress in the market is not optimal. in the economy. it will have a negative impact on the offer. public knowledge about crypto is still low so their enthusiasm for crypto is also low. we must increase crypto spread in every place. we must explain the crypto benefits to the public.

[Psynthax]

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.

But you can get another way to liquidate your coin or convert it into the crypto which already accepted by a lot of merchants such as bitcoin. Basically, crypto payment will work like converting your money into the fiat directly.

[MakeMoneyBtc]

The problem is that most of this so called crypto payment projects are created only for the purpose of making profits from selling coins and not for helping crypto to grow and improve. It's sad but this is the real truth. A very few projects are truly focused on creating a good coin that could pe used for payments and even those projects get lost because no one gives them a chance.

[takngantuk]

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.

yes you're right, the crypto payment project is a setback. we already have lots of coins that can do that. btc, eth, and others, and there are also stable coins. so why don't we encourage every ecommerce to accept crypto. not making another coin from the begin.

[motun01]

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