Will cryptocurrency soon be an alternate payment option?

[Bessta]

It's not soon that cryptocurrency can become an alternate payment option because currently, there are big companies that accepts it as a payment. And I think it is a good thing since we want adoption to happen and may crypto dominate fiat currency.

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[exchangestolemycoins]

Remember the guy that spent like 100 bitcoin on a pizza? Do you really want to end up like him?

hodl

[Moiyah]

For BTC I guess more companies are going accept it but for most altcoins, it will take a lifetime before they will consider accepting.

But there are still few companies who are already open for some coins as a payments like Ethereum, bch and others. There is a bar here in our area where they are already accepting not only bitcoin as a payment but to the other coins, too. Punta Mandala Resto bar is the name. You can see it here. https://bitpinas.com/shop/punta-mandala-mandaluyong-accepts-btc/

I am very positive that it could be an alternative payments. It is starting now, just in a selected businesses for now but later on it could be adopted by all.

[yusupjatigumilar]

Yes, I think crypto currency will be an alternative way of payment, because the old payment system that uses cash is considered very old and less practical and efficient. Crypto currency is considered as an alternative method of payment that is far more modern, practical and efficient, now you no longer need to carry your wallet and cash now, you just need to bring a smartphone that is connected to the network to make practical transactions without cash.

[Daniel91]

Bitcoin is already alternate payment option in some parts of the world, like Africa, or Nepal, for example.
I have some friends there and when I tried to send them some money, they explained me that they can't open Paypal accunt, WU and Bank transfer fees was to high so finally I sent them money with bitcoin.
In the future, I expect that many more people will accept bitcoin as the best way to send or receive money because it's fast, secure, low fees and transactions are anonymous.

[#dhabitamartha]

I think yes crypto will develop into a large and affordable technology in all countries later. so this is a new step to recognize the world of digital money and this has been used in my country with this digital wallet to be able to make any transactions for food bill payments and other alternative tourism and travel tickets

[finaleshot2016]

Actually, cryptocurrency is already an alternate payment here.

In my country, we have our own local wallet and we can use it to pay our bills and buy cellular loads. People get used to it easily and develop their own platform to make our lives easy. Our local wallet has the ability to transfer cryptocurrency in banks. 

If you want to know about our local wallet, It's coins.ph.

[Sirait]

of course, this is the purpose of the cryptocurrency that is created that is to be a solution and another alternative for humans to payment and to trade.  now it has not had a major impact on society but in the next few years cryptocurrencies will surely have a major impact on the lives of humanity.

[Nalbo]

Just a month ago, giants like Starbucks, Nordstrom, Whole Foods, and AT&T announced that they accept cryptocurrency as a payment option.
With the  popularity that cryptocurrency is growing there is no doubt that it will soon be among other payment methods. Especially for the international payments, with its ridiculously low fee and time taken for inter-border transfers it is surely the favorite among the traders.
Also, with giants accepting it as a payment option there is no other need to prove its authenticity.

Do you own any cryptocurrency yet?

It's already an alternative payment option. Maybe, small in scale but is nevertheless. With the introduction of Libra, crypto would become the default medium of payment on the internet and soon would take over the non-internet based goods and service markets.

[ridha inoue]

it is very clear if the future of world money is cryptocurrency because we can see that there are now many stores that accept cryptocurrency payments.
we are very close to the future where we can use crypto coins in all countries of the world.
of course I have had cryptocurrency for a long time and until now like BTC, ETH, XRP, LTC, BNB and several other coins.

[ardentvolcanoes]

I think yes crypto will develop into a large and affordable technology in all countries later. so this is a new step to recognize the world of digital money and this has been used in my country with this digital wallet to be able to make any transactions for food bill payments and other alternative tourism and travel tickets

There's already countries who recognize the system so it's been used for a while, many will follow since there's adoptions from different part of the country, the market will be expected to have a much bigger space and the system will be use by many more people who will see the advantages of this crypto currency, businesses will consider to adopt and to help the existing system that they've have after realizing the help that this system can add to the company.

[Johnzky]

Just a month ago, giants like Starbucks, Nordstrom, Whole Foods, and AT&T announced that they accept cryptocurrency as a payment option.
With the  popularity that cryptocurrency is growing there is no doubt that it will soon be among other payment methods. Especially for the international payments, with its ridiculously low fee and time taken for inter-border transfers it is surely the favorite among the traders.
Also, with giants accepting it as a payment option there is no other need to prove its authenticity.

Do you own any cryptocurrency yet?

Cryptocurrency will not only an alternative payment option in future but instead this will become the main currency to be use worldwide.maybe this will take sometime but it will after the adoption happens and when people realized what is crypto for to help them

[Payme21]

In many countries including some developing countries, Cryptocurrency has been accepted as a means of payment already and this is going to see an upward trend

[sngwinner]

Crypto is currently playing that role. Maybe it hasn't gone viral yet but people are transacting each day with Crypto. I believe it will soon gain more popularity among all persons.

[miropp]

I don't know how soon it's gonna happen, but it's gonna happen.  In fact, it all depends on ourselves. Not many of the crypto holders are ready to spend their crypto currency to pay for any things. That's the problem. People should be willing to pay her.

[carrigan]

Soon? I don't think so if it will happen soon.  Why?  Many countries still don't accept crypto for one of the payment methods, only few merchants will do it.
 We must know the real condition.  As a digital asset,  yeah it wi be spreading widely.  But for transaction,  it need more times to grow and develop to be accepted in many more merchants in the world. 

[TravelMug]

That's what we wanted to happen, at least another alternative to the current payment system. Although it is growing by the day, but we are still far from what we dream of. Right now we have seen some merchants accepts it, but in small percentage only.

But we are not giving up, soon, when they understand why crypto is a good alternate payment option, I'm sure they will, in due time.

[Mr.Zero]

I live in Indonesia and for us here, having cryptocurrency as an asset is not prohibited but using it as payment is still prohibited by our law. Acceptance of cryptocurrencies as assets is a step forward for the development of cryptocurrency itself. Extra effort is needed for cryptocurrency to be accepted as a payment instrument that is accepted throughout the world. And in my personal opinion, this will not happen in the near future.

I also live in Indonesia and it is true that Cryptocurrency is still illegal as a means of payment but is legal for investment.
However, the latest news from our government if Bitcoin is currently legal as an instrument of payment and recognized by the state, but not yet for other cryptocurrency.
I only hope that as soon as possible the cryptocurrency can be legalized in my country as a whole, not only Bitcoin but other Altcoin.

[felicita]

it is still a alternative to paying with FIAT or doing SEPA.
Iam paying my domain and hosting since many years with bitocin and since 2 years i can buy pizza here in my town with bitcoin


regards

[killat]

Here to ruffle some feathers. Dollar itself is a scam. All money is based on a collective illusion (read delusion) that it has value. In that way bitcoin or anything else is the same. Read Sapiens to understand what other illusions your life is based on.