Will cryptocurrency soon be an alternate payment option?

[Lolox]

Some countries already have regulations on crypto, so in the developed world the crypto becomes legitimate. Even like Japan that Bitcoin is already used for the purchase of goods. This will certainly continue to be developed because this crypto has a technology that can facilitate all selling tracers and bells.

Huge demand and acceptance make Bitcoin a price to continue to surge. So Bitcoin is very popular, and various breakthroughs about Bitcoin will continue to be developed, including for online shopping payments.

[1714498171]

1714498171

[1714498171]

1714498171

[1714498171]

1714498171

[Viscore]

Well in some part of the world ecosystem, cryptocurrencies are the preferred option for payment of goods and services but for mainstream use of cryptocurrencies as alternate payment option, its gonna take a long time. The decentralized nature of cryptocurrencies is the main reason behind the delay in the adaptation of it as an alternate payment option in the mainstream financial transactions.

Other countries have used bitcoin as a payment option because the government had legalized it and had made specific regulations about it. If bitcoin will be given a chance by our own government here in my country, hopefully more merchants will be open to accept bitcoin as another payment system and bitcoin holders will now feel convenient to use their bitcoins to purchase important items.

[Duzter]

Well in some part of the world ecosystem, cryptocurrencies are the preferred option for payment of goods and services but for mainstream use of cryptocurrencies as alternate payment option, its gonna take a long time. The decentralized nature of cryptocurrencies is the main reason behind the delay in the adaptation of it as an alternate payment option in the mainstream financial transactions.

Other countries have used bitcoin as a payment option because the government had legalized it and had made specific regulations about it. If bitcoin will be given a chance by our own government here in my country, hopefully more merchants will be open to accept bitcoin as another payment system and bitcoin holders will now feel convenient to use their bitcoins to purchase important items.

I believe coming month is gonna make a big change on the cryptocurrency network as well a good thought regarding bitcoin among the people who are always thinking about bitcoin as an asset for illegal needs. The Bakkt futures contract launch is what I meant, this will give more liquidity and the same will make governments legalize bitcoin. If not legalized at least they won't stand against merchants involving with bitcoin acceptance into their businesses.

[Botnake]

If not legalized at least they won't stand against merchants involving with bitcoin acceptance into their businesses.

That would not happen, they want merchants to comply with their policy, so that means they are in legal operation.
Crypto is not illegal and if the government will regulate it, it's good for us because it will give good future potential for the industry, it will grow because people will adopt since they are confident with the regulation.

We just have to accept that reality that we can't be anonymous anymore, when the government regulate us, KYC is the main requirement because they are centralized.

[barbara44]

I think yes, Cryptocurrency will be an alternative payment option in the Internet world. I am sure in the future all online shop platforms will accept Crypto as its means of payment. So better than now we have to really learn about this Crypto world in order for tomorrow we can easily use it.

I think it should be this way that bitcoin a an alternative payment will expand in the future because as at the moment now, bitcoin has at least gotten to a stage where the ball has already been set rolling, we have so many store that are now using bitcoin or accepting bitcoin as an alternate payment to fiat.

We also have many governments now supporting it and there is this country that has approved the use of cryptocurrency as payment of salary, I also read news today where it was said that Switzerland banks are already partnering with some cryptocurrencies, so we are gradually expanding and in future, the expansion rate will become very high. One thing I believe about bitcoin is that the development will be higher than what we have in the past come future.

[Maamejane]

That is a step in the right direction. One thing most of us forget is that the world is vastly advancing in terms of technology and making the world very dynamic. With many just adapting to change, gradually we will get to a point where digital currency will used like our traditional currency, just a matter of time.

[werner52911]

First, cryptocurrency is already being used as an alternative means of payment, and more and more companies and people are using which cryptos.
Second, if you believe the news, many countries are already working on a government crypto currency.
This development will come, no matter how the coins are called.
Whether we will be happier then remains to be seen.

[Lauren Smith]

It already is, in many places. Look at bitpay, it makes it easy to make bitcoin payments. There is also coinpayment which supports various currencies. There is also a nerw payment method you can run yourself on your own server, I forget it's name though. I myself use crypto payments fairly often and whenever I can. They work well and are fast and effective.

[jakoylantern]

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.

For me, it already exists someplace, companies, and some country already accepts bitcoin as a payment option. But it will just stay like that because fiat money is still the primary one. But it's good news for bitcoin or another cryptocurrency as an alternate payment option also its a huge step because the acceptance of bitcoin is increasing and the people will have some knowledge that bitcoin and other cryptocurrency is not all about scam and fraud.   

[pawanjain]

The thing is that crypto is still not accepted in many countries and is considered as drug money. So accepting it as a source of payment is kinda tough.
Though many companies have started using cryptocurrencies it is yet to be regulated in many countries.
Crypto is growing day by day and I am sure it will someday be legally accepted as a source of payment method.

[earningmaaza]

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?

https://indiagk.examguruji.in/tag/current-affairs-2019/

[dfox101]

Cryptocurrency is already an alternate payment option in many cases, shops, and various services

[Chrystora123]

Cryptocurrency is already an alternate payment option in many cases, shops, and various services

several countries have legalized cryptocurrency as a means of payment such as Japan and Denmark, but there are still many countries that refuse to recognize cryptocurrencies as a means of payment such as China and Thailand.

I am very optimistic that in the future, cryptocurrency officially become one of the legal payment instruments throughout the world, although currently there are still many rejections.

[nydiacaskey01]

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?

In my country, Cryptocurrency is being used as a pay option through the use of Coins.ph. It allows us to pay for our utilities like Electricity, Water, Telecommunication, we can also pay for our insurance premium and satellite subscription and credit card bills. However, question is who is willing to use Cryptocurrency to [ay since most of us are just holding it to gain profits.

[Danslip]

Cryptocurrency is already an alternate payment option in many cases, shops, and various services

Small shops don't even cover the 0.1% of the global economy, instead of purchasing the coffee with 10 min transaction due to the Bitcoin blockchain congestion I will go for the easy option. I also support the growth of the BTC accepted stores but reality speaks for itself. Topping up the phone number can be the best option for spending the crypto, other options look like a over-optimized to me.

[DaWidyaaa]

In some countries have pioneered plans to close Conventional Banks and replace them with Digital Bank using Bitcoin. In addition, many Bitcoin ATMs have been built that function almost the same as existing Fiat ATMs.
But in my opinion this is only one good side of Bitcoin. Actually the most popular crypto has a very poor performance when applied as a medium of exchange. This is basically caused by very high volatility, which makes it inconvenient and impractical if you have to specify items or services in Bitcoin with price changes that are too fast.

For example, in the morning, you can buy a laptop with only 1 BTC, but due to daily fluctuations (which can range up to 30% -40%), in the end you can no longer buy the laptop at the price of 1 BTC, because the price has changed to 1.4 BTC. Unlike the perspective value on the daily exchange rate between EUR and USD which only averaged 1% and a maximum of 3% only.

[BlackFor3st]

The payment option acceptance will surely grow especially if more and more countries will start to either accept or legalize crypto curreny in the future. But right now, having the big companies out there that accepts crypto currencies as payment option then other will surely follow in order to widen their payment options and reach more customers if it will be safe in their part.

Safe means, their government didn't ban or prohibited the use of crypto currencies in their country as it is their first step by accepting crypto currencies as payment options.

[LogitechMouse]

It has been used as an alternative payment option in some of the huge stores and companies already and more will do this too. Aside from the stores and companies that has been accepting this, criminals and some bad people are using cryptocurrency too .

Well, both of them can increase the global adoption of crypto. Whether you use it in good or bad, its ok as long as more and more will use it in the succeeding years.

[LUCKMCFLY]

Of course, if in fact in Brazil the bank of Brazil will accept operations with Bitcoin, as with Portugal where they will accept payments with tax-free bitcoin, and Colombia has some plans for the creation, recently China will also launch its Cryptocurrency that they have been developing for 5 years, in Venezuela also in stores called TRAKI can buy with Bitcoin.

Lately there has been a worldwide awakening about technology, in fact everything has accelerated once Facebook announced its cryptocurrency, immediately after large companies and countries have opened up to this world, it may be because of the immense model of business that represents, because even Telegram will launch its cryptocurrency in 2 months which had been paused since 2018, but due to the pressures of its private investors it is very likely that they have made the decision to be launched.

I believe that bitcoin has aroused worldwide interest that should have been done in 2009 from the moment of its creation, now there will be a rapid increase of many more people entering the market, because they will be quickly educated so that they do not miss anything It comes, including that all this will ensure that bitcoin has a large increase in its price.

[BabyBoss]

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?

No l don't have cryptocurrency but as l go on monitoring and knowing about it.l see in the future that we will live in cryptocurrency because l believe starting next year all countries will live in a cashless society. To make matters easy and we will live in a high technology government.