Will cryptocurrency soon be an alternate payment option?

[xSkylarx]

Yes, in fact here in our country you can already use it to pay some bills, buy game credits, top-up load credits for your phone and many more things to use. As time passes the number of merchants here that acknowledge blockchain technology and bitcoin is growing.

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[Nasty23]

Yes, in fact here in our country you can already use it to pay some bills, buy game credits, top-up load credits for your phone and many more things to use. As time passes the number of merchants here that acknowledge blockchain technology and bitcoin is growing.

Also in our country here, lot of merchants now are accepting cryptocurrency as a payment method on which can give a big help to increase the popularity of it that can possibly lead to mass adoption in all over the world that can help us to secure and easily transact wherever we are.

[Akonobea]

Yes and this is one of the achievements that crypto enthusiasts are working day in and day out just to see this become a realization. It would take much time but i know someday we can all spend our cryptocurrencies like we use our fiat currencies.

[AmoreJaz]

Yes and this is one of the achievements that crypto enthusiasts are working day in and day out just to see this become a realization. It would take much time but i know someday we can all spend our cryptocurrencies like we use our fiat currencies.

right now long term holders are keeping their btc as much as possible. many of us are looking at btc as investment rather than money for day to day expenses. we cash out when we need to but as much as possible we don't want to spend the btc that we have. this mindset might be owed to the fact that increase in price is overwhelming. but when it comes to the point that its value stabilised and price volatility is not that much, we might see the spending of btc will grow tremendously.

[spadormie]

You just said it. You said that big companies are accepting cryptocurrency as payment. So, it means that it is starting to build up its own reputation as a payment to some stores. And will definitely will soon to rise as an alternative payment option.

[michellee]

You just said it. You said that big companies are accepting cryptocurrency as payment. So, it means that it is starting to build up its own reputation as a payment to some stores. And will definitely will soon to rise as an alternative payment option.

Although the big companies are accepting cryptocurrency as payment, if the government still not approve, then they could not apply cryptocurrency. The important thing is we need approval from the government so the big companies can be free to use cryptocurrency as their payment option. Besides that, if the government can approve cryptocurrency, people will use and know about cryptocurrency, and if that happens, then we will going to see the growth of cryptocurrency in real life.

[Ressurection]

i own a couple of cryptocurrencies actually but i don't think it's going to be an accepted mode of payment anytime soon. This would take quite sometime to be realized. Many people think cryptocurrencies are scams and this is really disrupting the trust that users must have in it.

[Indrawan77]

Yeah it has been an alternate payment option for several store, and this is the target of crypto, now we are limited because of the countries legality, in some countries crypto has beed adopted as alternate payment option and judging from the news, soon we can used crypto to buy a lot of things

[emberbekas]

You just said it. You said that big companies are accepting cryptocurrency as payment. So, it means that it is starting to build up its own reputation as a payment to some stores. And will definitely will soon to rise as an alternative payment option.

Although the big companies are accepting cryptocurrency as payment, if the government still not approve, then they could not apply cryptocurrency. The important thing is we need approval from the government so the big companies can be free to use cryptocurrency as their payment option. Besides that, if the government can approve cryptocurrency, people will use and know about cryptocurrency, and if that happens, then we will going to see the growth of cryptocurrency in real life.

But with the rapid development of crypto currencies, the government may change their policies to accommodate the changed eras. As an example, in regard with the news of Libra Coins that will be launched in 2020, it could affect the government policy later.

[TheUltraElite]

i own a couple of cryptocurrencies actually but i don't think it's going to be an accepted mode of payment anytime soon. This would take quite sometime to be realized. Many people think cryptocurrencies are scams and this is really disrupting the trust that users must have in it.

Most people actually understand the potential crypto has. What you are hearing is a cliche concept of someone who does not know something and thus they go around calling it scam. What maybe a scam is a ponzi scheme or a failed trading method which that person probably was fooled into thinking would double their money. That is nothing to do with crypto being a scam.

What is good is that big industries and companies are starting to recognize crypto as a force to be reckoned with so this will push the governments to accepting crypto as a trade-able asset and thus reduce the mental barrier that people have while thinking of trading then in fiat.

[NathanJB]

It is already a great alternate payment option for now. One of the main reasons why it does not move forward in strides is that cryptocurrencies are being traded. Their value are moving up and down the charts all the time. It could suddenly leap high or dive deep down in so short a time. It could mean a lot of confusion to businesses. There needs to be a certain level of stability of these currencies' prices in order for them to be better payment alternatives.

[creeps]

Yes I do own some crypto, and it is already an alternate payment option at many places. You can pay server costs, buy giftcards, pay bills, etc using it.

I'm also experiencing a good service like this, its already working well though not at all but i see great future. Cryptocurrency will be use online for many purposes, with so many options in the future I see bitcoin to still lead cryptocurrency on many businesses. I just can't take the fees on our local wallet every time you use your bitcoin or any coins to transact, its pretty huge honestly especially if the price of bitcoin are rising.

[Mulann2]

It could be in the near future because already there are some online stores and merchants that already provide this option to pay with crypto instead of using fiat, the adoption could grow even more as time passes, most certainly crypto will soon be an alternative option for many.

[amrulshare]

It seems that the cryptocurrency payment option is still not the main point that needs to consider everything in their operations, even though there are now a number of companies and shops that have started accepting cryptocurrency payments. However, obscure laws make it a matter of concern.

[fiulpro]

I do think that it might be a problem for us investors , if we choose to buy things using cryptocurrencies then more or less we are loosing money .
It might be a good option for things involving , some off seas transactions which if done in fiat is something that gets problematic and then there are all these government things you need to clear too.
Therefore other than that I don't think I would like to just go and buy coffee and other things with Bitcoin as long as am not getting a very good deal , because more or so , even when it comes to lightning network it does take some fee , even if it's minor , if we keep using it daily it might actually account to something big.

[boyptc]

I think cryptocurrency will be an alternate payment option but not very soon.

If you will analyze the happenings today, crypto's are already being used as a payment.

yes you are right, in some countries crypto can already be used for payment. however, the volume of use is still low, because many people prefer to use mainstream payments. for now it might not be big enough, but in a few years I'm sure this will be good.

The volume is low because people are still skeptic about it to use as payment.

I'm very optimistic that in the future, there will be more bitcoin transactions that will be accepted. That banner of 'bitcoin accepted here' will be everywhere.

[Youghoor]

Its gonna take a while for cryptocurrency to be considered as an alternate payment option for all kind of transactions whether online or offline. Considering the entire population of the world, just a hand full of people know what cryptocurrency is and those who are aware of it see it as an investment venture rather than an alternate payment option.  Due to this, its gonna take a long period of time for people to use cryptocurrency as their payment option.

[serjent05]

I believe it is already an alternate payment option.  My country the Philippines already acknowledge Bitcoin as a payment method way back 2017.  I myself had been using it to pay for my utility bills and other stuffs using Coins.ph. 

Its gonna take a while for cryptocurrency to be considered as an alternate payment option for all kind of transactions whether online or offline. Considering the entire population of the world, just a hand full of people know what cryptocurrency is and those who are aware of it see it as an investment venture rather than an alternate payment option.  Due to this, its gonna take a long period of time for people to use cryptocurrency as their payment option.

Probably for some country but many country in Southeast Asia already acknowledge Bitcoin as mode of payment.

[Mehr Sher]

I am not sure where you are sitting, but it has already become alternative for many and there shouldn’t be any surprise with it. Now one can use Cryptos on many places. One can use it easily as many sites got Buy With Crypto facility, it really eases out everything for many having Cryptos. But of course, with that we also need to be careful to do with many sites having it but are not trustworthy, so this is what we need to plan wisely and carefully.

[shinharu10282016]

Some alts are being used right now as a payment option. One example is Electroneum (ETN). Merchants in some parts of the world already applied their technology.