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Author Topic: Will cryptocurrency soon be an alternate payment option?  (Read 7109 times)
puertorikosena
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November 06, 2019, 06:05:31 PM
 #241

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?



Despite the positive news, still little can be gained by paying with cryptocurrency. I think that this is not beneficial for many, so the adoption of cryptocurrency is delayed. It seems to me that little will change in the next five years.
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November 06, 2019, 09:35:51 PM
 #242

Of course it will already exist as a payment option, and now it has a much better impact on economic development than some currencies.
It has to be persistent in the idea of bitcoin replacing money.
it won't be long the paper money in circulation, the gold exchange is cryptocurrency and very well in the middle of paying.
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November 06, 2019, 09:52:52 PM
 #243

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?



Despite the positive news, still little can be gained by paying with cryptocurrency. I think that this is not beneficial for many, so the adoption of cryptocurrency is delayed. It seems to me that little will change in the next five years.

Though the fact still remains that it is already being accepted now as mode of payment for an increasing number of companies. Never mind that adoption is in a slow pace. We're getting there. Of course not everyone will be that well versed yet on how crypto transactions work, but slowly people will realize that it's pretty safe and simple. It's already an alternative to paying with fiat.

 
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November 06, 2019, 09:52:55 PM
 #244

Every day, the number of places that people can use Bitcoin as a payment method continues to increase. Bitcoin is closing down to the point that it will be a certain alternate payment option day by day.

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November 06, 2019, 10:13:26 PM
 #245

Of course cryptocurrency will soon be an alternative payment option. Starting from the mass adoption of bitcoin around the world,
like many countries have bitcoin ATMs, some large companies accept payments with bitcoin and up with UNICEF institutions accepting
donations with bitcoin. This is clearly remarkable progress in the world of cryptocurrency especially for 10-year-old bitcoin which can
now be an alternative payment option. I hope in the future companies are increasingly accepting payments with cryptocurrency, especially
I expect a large marketplace in the world can accept payments with cryptocurrency.

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November 06, 2019, 10:39:45 PM
 #246

Of course cryptocurrency will soon be an alternative payment option. Starting from the mass adoption of bitcoin around the world,
like many countries have bitcoin ATMs, some large companies accept payments with bitcoin and up with UNICEF institutions accepting
donations with bitcoin. This is clearly remarkable progress in the world of cryptocurrency especially for 10-year-old bitcoin which can
now be an alternative payment option. I hope in the future companies are increasingly accepting payments with cryptocurrency, especially
I expect a large marketplace in the world can accept payments with cryptocurrency.
Bitcoin become alternative payment for the future if keep safety for people use bitcoin as legal currency payment, if always have hack cases with bitcoin exchange account many countries not give access for legal using bitcoin and become alternative payment with bitcoin is gone, right now we need support how to make bitcoin really become legal currency with higher safety for bitcoin investors.

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November 06, 2019, 11:56:36 PM
 #247

Actually many merchandise are using digital payment method and one is the bitcoin. Some restaurants, coffee stores are allowing to pay  bitcoin as payment. So I think nothing is wrong if someday cryptocurrency will be alternative payment option it will be convinient and no hassle to everybody especially if you forgot your wallet. The technology is growing and cryptocurrency too so it's not impossible to happen.
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November 09, 2019, 01:00:49 PM
 #248

Definitely yes, I trust cryptocurrency and I also understand its potentials and possibilities. From the last couple of years the popularity graph of cryptocurrency is increasing now people are taking interest in cryptocurrency and trying to find out its positive and profitable use that's why mostly crypto lovers are holding Bitcoin and some major altcoins in their portfolio because they know that there are many benefits and advantages ahead with crypto.
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November 09, 2019, 01:33:40 PM
 #249

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?

I think almost in this forum about 90% or 98% have crypto currencies, usually around a few other percent only make FUD about bitcoin, so why do many start using crypto as payment tools, I also feel that bitcoin payments will also make it it's easier for people to make transactions without third parties around the world and can be exchanged for currencies from any country, so it becomes a single digital currency that works for all countries, sounds weird but cool

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November 09, 2019, 03:27:14 PM
 #250

To all who ask how Starbucks, Nordstrom, Whole Foods, and AT&T will deal with the volitile market of bitcoin this is the answer!

Quote
To counter this, Flexa has partnered with New York-based cryptocurrency exchange Gemini so that payments can be made using a so-called stablecoin pegged to the US dollar
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November 09, 2019, 05:12:55 PM
 #251

It is possible use it as an alternate payment option the future is shaped by a mobile device or a computer and it is a solution for fast and easy online and offline payments.
yes it might happen because of the increasingly rapid digital development in this world. Alternative payment using crypto is now widely done but can not be spread throughout the world, maybe if developments in crypto are increasingly rapid crypto can be an alternative payment in many sectors
What you are talking about is that cryptocurrency really aims to be used as an alternative payment option in the future, and now many are making cryptocurrency as an alternative payment option but it has not been spread evenly throughout the world.
but slowly it will happen because cryptocurrency is not widely known by the community equally, especially in remote areas.

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November 09, 2019, 06:29:22 PM
 #252

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?


Why not? May be somebody says "Nope, is is impossible to imagine that I will to pay in a store, on a gas station or even in a village by using cryptocurrencies" but I admit that it is possible. Anyway I am realist I know that there are a lot of unsolved problems. The fact is that crypto technologies outpace the current society state. What does it mean? It means that crypto technologies will come to our usual life just in time when we are ready.

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November 09, 2019, 09:32:35 PM
 #253

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 has already be considered as an alternative payment option, though its acceptance has not  be wide adopted, but it will definitely get there.

Rome was not built in a day
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November 09, 2019, 10:22:15 PM
 #254

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?

Yes, I am also very pleased with the fact that many countries are thinking about creating their own digital money.This will create a powerful incentive for new investments in different industries.That's cool!
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November 09, 2019, 10:25:16 PM
 #255

Cryptocurrency is rather a work in progress,of course its development and adoption is at the early stages,but give it time,it looks promising and projects itself as an alternative payment option.
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November 10, 2019, 12:52:45 PM
 #256

Cryptocurrency is rather a work in progress,of course its development and adoption is at the early stages,but give it time,it looks promising and projects itself as an alternative payment option.

Its main purpose at the moment is to make an alternative to payment especially if you don't have cash on hand, but for now, what's happening is they are not spending it as crypto has the potential for the price to rise so they are treating it as investment instead of spending.
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November 10, 2019, 12:55:18 PM
 #257

Crytpocurrency will definitely be a future alternate payment option. But I doubt decentralized currencies would be given that much freedom. Every country and bank are expected to come up with their domestic cryptocurrency which will be centralized and central bank will have control over that. That would be accepted as a legal tender. Decentralized currencies may exist with them but they will be heavily regulated or banned in some countries.
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November 10, 2019, 02:29:58 PM
 #258

It is very likely that cryptocurrency will be an alternative payment but only as an alternative and not completely replace fiat currencies, and maybe in the future there will be many shops or sellers that provide payments using cryptocurrency and fiat currencies too.
cryptocurrency especially bitcoin will be more effective as an alternative to gold. It is a store of value, a store of speculative value, like gold.

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Rajbir1994
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November 10, 2019, 03:53:26 PM
 #259

As far as I know some of the countries already started taking payment in Bitcoin. So, obviously there is a trend of using cryptocurrencies as an alternative method of traditional payment. I think this article will clear all of our notion that most of countries started taking payment in bitcoin https://all-stocks.net/australias-origin-kebabs-enables-crypto-payments-in-talks-with-coca-cola-to-boost-credibility-of-cryptocurrency/
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November 10, 2019, 04:11:03 PM
 #260

As far as I know some of the countries already started taking payment in Bitcoin. So, obviously there is a trend of using cryptocurrencies as an alternative method of traditional payment. I think this article will clear all of our notion that most of countries started taking payment in bitcoin https://all-stocks.net/australias-origin-kebabs-enables-crypto-payments-in-talks-with-coca-cola-to-boost-credibility-of-cryptocurrency/
There is a country who legalize Bitcoin already and it is Japan and is adapted massively as another mode of payment and you can even pay an airline ticket there through Bitcoin. Also, in our country you can pay for your electric bills, water, loans and other bills with either your fiat, Bitcoin or any other cryptocurrencies that are available.
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