Will cryptocurrency soon be an alternate payment option?

[putukin]

If it were not for the prohibitions and regulation of most of the large countries, cryptocurrency would long ago become an alternative payment method. It's faster, more reliable, easier than traditional payment methods.

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[suvo05]

There is a lot of problems for the cryptocoins to become an alternative payment option globally. There are many Govt how does not like that situation to happen. Still, we can find there are some options where it been used as a payment option. If the adaptation of the crypto grows day by day then the gov will get pressure to uplift all kind of ban they have imposed on crypto. And then it could become an alternating option.

[boris2470]

I was in Venezuela on a working trip and paid using Dash there. I really enjoyed buying drinks and food using crypto. I would very much like more establishments starting to provide different services
 and things for crypto around the world

[whtchocla7e]

Cryptocurrency is based on blockchain technology, it has great potential in transporting and storing to different places around the world. Selecting cryptocurrencies as an alternative payment method will be coming soon. E-commerce worldwide is entering a new era, and cryptocurrencies will be present in this period.

[Arkann]

Even today, some cryptocurrencies can be used as a means to pay for not only services, but also goods.  Of course A full-scale infrastructure has not yet been created for this, but users using the Internet and a number of online stores can use cryptocurrency to pay for their purchase.  Very often there are online stores where they offer precisely digital technology for cryptocurrency.

[jostorres]

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.

In this issue of cryptocurrency payment, I think individual acceptance is quite more important to me than even government legalizing it, if we have big companies that are accepting it a your said, this would even create more awareness and also make people to start using crypto, it is when government see the percentage of people using it that they too would be encouraged to consider legalizing it.

I am not even sure if governments has fully place ban on crypto other that the news that we do hear in the cryptocurrency news daily, I only know of 1 or 2 country, but I think so far, most countries has been flexible about the cryptocurrency issue since they have not seen any negative effect of it on their economy or on their governance which they will never see.

[Miklight88]

That isn't that far to talk about as every person or crypto man has it in exchange for fiat between them self and can be exchange for goods as well since both understand what it is and how value it is for them to store or have it.

[btc78]

That isn't that far to talk about as every person or crypto man has it in exchange for fiat between them self and can be exchange for goods as well since both understand what it is and how value it is for them to store or have it.

The best word to apply is “it’s happening “since payment options from the company now starts to accept bitcoin as well.what we are lookin now is the start of alternative currency to be accepted as well snwe can feel the beginning of crypto domination against fiats
In another 3-5 years I believe that this will take effect and may bring positivities to everyone of us(for other people to realize also what they’re not receiving that we have)

[HELLOFF]

Of course, the goal of each cryptocurrency user is a real opportunity to use cryptocurrency for its intended purpose, as well as in all spheres of human life.  But today we are very actively using the tandem of cryptocurrency and Fiat.  That is, cryptocurrency for us today is a very good investment and a good source of income, and having cashed cryptocurrency in Fiat, we use paper money to pay on our bills and in general as a means of payment.  It seems that all this suits the majority of cryptocurrency community members.

[finaleshot2016]

Yes, there are some various platforms even here in my country which is Philippines is accepting now bitcoin as payment. You can see a lot of merchants that accepts bitcoin now that's why the there's a lot of bitcoin payment gateways as of now.

• bitpay
• btcpay

When it comes to gaming platforms, steam already started accepting bitcoin but definitely stop it because of the stability of the market.
Fyi, we have a local wallet here in PH that accepts and converts BTC to PHP, so basically we can buy or pay bills through bitcoin.

I know that's happening in different platforms right now.

[rdluffy]

I'd like to add something here, and soon I'll make a thread about
I see a lot of people wanting to have BTC as payment in all companies, but nobody want to spend their cryptos as a payment, because they consider an investment, so it's impossible to maintain this situation
For example, steam tried cryptos but nobody were paying with cryptos

[shoreno]

I see a lot of people wanting to have BTC as payment in all companies, but nobody want to spend their cryptos as a payment,

most people dont spend thier btc for payment but there are some that is happy using thier btc and other cryptos for payment use on a daily basis  , this is why these people ask for more companies or shops to support crypto/btc payments  .

For example, steam tried cryptos but nobody were paying with cryptos

i heard of that before  . steam accepts btc and there is that who use their btc on the steam shop however i heard steam remove btc due to outrageous fees and replace it with altcoin  .

[Wafilian]

Bitcoin already IS an alternate payment option. It's being added to multiple payment systems like every day. Those who try it become impressed by the simplicity and fast speed of the whole process. It encourages more and more payment processors add bitcoin as an option. I believe soon we'll be able to pay for everything we need with bitcoin.

Obviously cryptocurrency will soon be an alternate payment option. There are many big companies already accept cryptocurrency as their payment method. Gradually the number of company will increase and cryptocurrency becomes the main alternative of payment option.

[whtchocla7e]

This will happen soon in the future, e-commerce is thriving, people's shopping needs are rising when online payment is applied. Blockchain technology is suitable for e-commerce industry, it can transact multinational and pay anywhere with internet access.

[seanskie18]

In my opinion, Maybe that cryptocurrency will be an alternate payment soon because some people used their Bitcoin for payment used on their daily basis in life that is much like to do. As much as I know, some country already accept crypto as a payment method.

[aryadiningrat123]

I don't think because everyone doesn't know about bitcoin and they don't know how to use bitcoin. so I don't think that will happen ... maybe it will happen if the government requires its citizens to use bitcoin as any payment method.

[dimastegar]

Yes, cryptocurrency is indeed designed to facilitate payment. Until now, I have not found a payment that can be as practical as this between the seller and the buyer. Both the privacy and transparency of delivery are also supported by blockchain technology.

[TheUltraElite]

In my opinion, Maybe that cryptocurrency will be an alternate payment soon because some people used their Bitcoin for payment used on their daily basis in life that is much like to do. As much as I know, some country already accept crypto as a payment method.

You need to around a bit more. Governments are attempt to censor crypto in many countries declaring them as illegal commodities and users are getting afraid to use them, gradually culling the good folk here. Merchants who accept crypto are just a handful and would never increase in number unless their governments would allow easy trading of crypto and not poke their noses in crypto transactions.

I don't think because everyone doesn't know about bitcoin and they don't know how to use bitcoin. so I don't think that will happen ... maybe it will happen if the government requires its citizens to use bitcoin as any payment method.

It would never become a first choice but they can and should become lenient about crypto. People dont use fiat because its bad, but its simple to use and they are accustomed to it. Pro-bitcoin stance would be pretty bullish on the market too.

[Blackdeath]

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 now is already alternate mode of payment, though there countries that are still refuses to use the crypto currency even though they know how authentic and valid and important the crypto is. I have some crypto but I need to convert it to fiat because I don't know what are the companies here that uses crypto as mode of payment.

[alexsandria]

Hmm is this even a question? I mean you had already answered it on your statement. Well, yes, cryptocurrencies are now used by people in their transactions. Companies you have mentioned have adopt so that they can cater bitcoin and other crypto users. Crypto users now also are growing, which means more adoption will happen in the near future.