Will cryptocurrency soon be an alternate payment option?

[panganib999]

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's adoption is now being enormously done it is not surprising because cryptocurrency is really very advantageous and convenient to use especially for people whose schedule is really hectic. The acceptance of the society with bitcoin being a payment method have been seen in various institutions and businesses, not only in the giants like starbucks, Nordstrom and everything mentioned above, but also in small scale businesses like small tech store. Even in developing countries like Philippines,, cryptocurrency is widely accepted as payment option. All in all, cryptocyrrency has a high possibility of being a payment option cause at this moment it's actually alternative, but it can't still replace fiat.

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[agentx44]

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?

Well, everyone has been talking about cryptocurrency being the future money that everyone will be using all over the world so there's a possibility that it might occur someday. Large companies are already collaborating with the use of it which can indicate that it is very near. Take your investment as something that makes you ready if ever that happens and not just a normal investment which is the goal is to make money out of it. The world is changing and advancing so it would be better if you are set ready for the changes that may happen in the future.

[milani]

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?

Oh, I must admit you are very optimistic))))) of course I believe in the brightest future of crypto, but I am afraid that mass adoption will not come very soon. Of course there are services that already try to use crypto for payments and so on. I even saw on the clothing market market in my city such a nameplate - "you may pay in crypto")))) it was really funny to see something like that there in that place)))) but still fees for transactions and lots of nuances hold people back from using crypto in ordinary life...of course I have some assets in crypto and believe that some day this will be the means like may be some other money...the question is that it is more likely that it will not happen very soon...

[TinaK]

Many payment integration application started their investment on fiat based international transaction possiblities. I am not sure how much this can work with the Bitcoin payment mode. There are people here also having some payment app and they aren't made the big impression towards us.

[red4slash]

Many payment integration application started their investment on fiat based international transaction possiblities. I am not sure how much this can work with the Bitcoin payment mode. There are people here also having some payment app and they aren't made the big impression towards us.

I also think it will be difficult to implement the bitcoin payment method because people still use crypto as an investment and to make their payment transactions using Fiat. so it took a long time to change the fiat payment method with crypto

[ebykamsiokoro]

Yes, I strongly believe that crypto is the next-generation payment option. Already, it's gaining foothold and popularity amongst the younger generation due to its largely anonymous nature of transaction, low transaction costs and speed. All in all, cryptocurrency is set to fully enter mainstream, it's just a matter of time.

[Ludmilla_rose1995]

Bitcoin and other cryptocurrencies have long been alternative payment options. Since 2014 I received bitcoin as payment at my clothing store because I like modern payment systems like this.

[JessicaVL]

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 is already an alternate payment option. Cryptocurrency can be used for all your daily spending habits simply by using innovative technology like Tap.Globals' prepaid Mastercard.  Cards like these allow you to spend your cryptocurrency without having to convert it to fiat.

[CarnagexD]

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.

Well in the furst place bitcoin is intended to be a replacement or in this case an alternate for fiat currency so it should not come as a surprise that bitcoin is used for commerce and purchase. This is a great step to innovation and hopefully if all things go right, bitcoin will be able to dominate the currency industry and in the end become the new form of money Satoshi Nakamoto intended it to be.

[DreamStage]

There are already so many places where u can use cryptocurrencies as payment option therefore ofc where the soon is now.

Is some places you can only use cryptocurrencies. But due to not 100% of the population knowing what cryptocurrencies are they still have to make all other payment options available.

In the future i am sure something like this will happen as globaly and uniquely without fiat at all.
Even after a total fiat system collapse.

[Asuspawer09]

Yes cryptocurrency is already another option of payment and it's spreading like wide fire.
Alot where initially critical about cryptocurrency some labeling it all sort of names like a ponzi scheme, fraud etc but it has actual caught there interest

But want thing I can say is that we might see this giant companies like the OP has just mentioned that accepts cryptocurrency or some that has not yet started following the same way as facebook and creating there own coin.

Should there be a limitation to this yes cryptocurrency has created an avenue for a whole new way of trading and transaction should any company just develop there coin just because they had already gained fame and altcoins that has been in cryptocurrency for a while would die out this would cause competition and might build of to an avalanche of coins in the future.  
  bitcoin and some good number of altcoin are my point of fancy in the cryptocurrency community. am not interested in Libra coin(still sceptical about it)
If this faint want to venture into cryptocurrency there should make use of the existing coins and not corrupting the whole system

Yes, cryptocurrency is already an alternative currency since we could already use it in some stores online and even in some physical store you could also use bitcoin as an alternative currency. But still the number of stores or even online that is accepting bitcoin was just so little so I guess we need a lot more time for the bitcoin to influence a lot of big companies to make them it an asset or a method of payment. I think bitcoin and some popular altcoins in the market is the only cryptocurrency that is going to be recognized by big companies as an asset since there are so many altcoins in the market that has no value at all.

There are already so many places where u can use cryptocurrencies as payment option therefore ofc where the soon is now.

Is some places you can only use cryptocurrencies. But due to not 100% of the population knowing what cryptocurrencies are they still have to make all other payment options available.

In the future i am sure something like this will happen as globaly and uniquely without fiat at all.
Even after a total fiat system collapse.

Agree bitcoin still needs a lot of time to completely influence a lot of places in the world also not all of the people are expose to technology like this bitcoin most of the time they are just aware of the traditional money.
 

[Sadlife]

I think cryptocurrency being use as payment for services, that does not use P2P process doesn't benefit it at all, because when you pay for example Bitcoin once you pay BTC for a product it will be then be converted to fiat currency and why it's really bad is because BTC is known for its limited supply, so if people keeps using it and converting it to cash, will probably bring end to that crypto currency.

[ethergod]

Yes cryptocurrency is already another option of payment and it's spreading like wide fire.
Alot where initially critical about cryptocurrency some labeling it all sort of names like a ponzi scheme, fraud etc but it has actual caught there interest

But want thing I can say is that we might see this giant companies like the OP has just mentioned that accepts cryptocurrency or some that has not yet started following the same way as facebook and creating there own coin.

Should there be a limitation to this yes cryptocurrency has created an avenue for a whole new way of trading and transaction should any company just develop there coin just because they had already gained fame and altcoins that has been in cryptocurrency for a while would die out this would cause competition and might build of to an avalanche of coins in the future.  
  bitcoin and some good number of altcoin are my point of fancy in the cryptocurrency community. am not interested in Libra coin(still sceptical about it)
If this faint want to venture into cryptocurrency there should make use of the existing coins and not corrupting the whole system

Yes, cryptocurrency is already an alternative currency since we could already use it in some stores online and even in some physical store you could also use bitcoin as an alternative currency. But still the number of stores or even online that is accepting bitcoin was just so little so I guess we need a lot more time for the bitcoin to influence a lot of big companies to make them it an asset or a method of payment. I think bitcoin and some popular altcoins in the market is the only cryptocurrency that is going to be recognized by big companies as an asset since there are so many altcoins in the market that has no value at all.

There are already so many places where u can use cryptocurrencies as payment option therefore ofc where the soon is now.

Is some places you can only use cryptocurrencies. But due to not 100% of the population knowing what cryptocurrencies are they still have to make all other payment options available.

In the future i am sure something like this will happen as globaly and uniquely without fiat at all.
Even after a total fiat system collapse.

Agree bitcoin still needs a lot of time to completely influence a lot of places in the world also not all of the people are expose to technology like this bitcoin most of the time they are just aware of the traditional money.
 

Some of you people are putting the cart before the horse. The Lightning Network is still in its infancy and the scalability problem is not yet resolved. As soon as we have made progress such that the leading blockchains can handle thousands of transactions at a time, then, maybe then will we be able to talk about mass adoption.

[Wipeout2097]

Can not say soon but it will be in future,Cryptocurrency lovers now mainly use crypto as alternate option where they can access.In future cryptocurency will not be alternate option but first medium of exchange. Cryptocurrency is big innovation of the century and growing rapidly just need to create awareness in people.

Cryptocurrency is big threat for traditional banks and the government so still need to sort out the things and create ways use cryptocurrency legally.This is reason it will take a long time to be legal and access of common people.