Polo7 (OP)
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October 11, 2019, 01:04:54 PM |
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How CAn I spend my cryptocurency and stable coins in shop? Like the app will Convert instantly my cryptocurency into fiat and I can pay with my phone at store?
Also if anyone can recomend good trusted online shops to buy goods with cryptocurency
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Lucius
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October 11, 2019, 01:29:02 PM |
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To be able to pay for something with cryptocurrency, that shop/store must accept some coin as a means of payment. So if some shop accept BTC, you will pay with that coin, if not you have the option to ask them to start to accept cryptocurrency or look for another store that has such an option. You can convert cryptocurrency in fiat in most crypto exchanges, then withdraw fiat to your bank account and spend it anywhere. For start try to search local stores in your country which accept cryptocurrencies as a means of payment, the benefits of this are duty-free shopping, fast delivery, and local language customer support. One user is posted this link to forum some time ago, it is about some of the most interesting companies that accept Bitcoin as a means of payment. https://paybis.com/blog/companies-that-accept-bitcoin/
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dkbit98
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October 11, 2019, 02:01:34 PM |
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First thing you can do to help Bitcoin crypto adoption is to always ask workers who work in shops are they accepting Bitcoin and crypto. If more people would ask this question I am sure there would be much more places where we could directly spend our crypto.
There are also some debitcards connected with crypto to work around this issue.
One more way is with some apps for mobile, like Eligma or Elly from Slovenia, that allows this option for payment with Bitcoin and other coins.
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Thekool1s
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October 11, 2019, 03:29:20 PM |
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Well, there are few ways to do this just like @dkbit98 mentioned. In my opinion, getting a Debit Card is the best way. But beware there are many "scammy" vendors out there so make sure to compare them before selecting one. With a debit card, you will be able to shop at pretty much anyplace as long as they accept a visa/master card. There are some vendors out there which will let you spend "Stable" coins via their debit card as well. Do a quick google search and you will find plenty.
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Eugenar
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October 13, 2019, 04:39:13 AM |
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How CAn I spend my cryptocurency and stable coins in shop? Like the app will Convert instantly my cryptocurency into fiat and I can pay with my phone at store?
Also if anyone can recomend good trusted online shops to buy goods with cryptocurency
For you to consider doing that way, you should be the one to figure out your local mobile applications that supports that kind of payment, if there's no application that can support it, then that is the time that you need to worry. Basically the steps are quite simple, in the app that I am using, I am just converting my crypto to our fiat currency, go to the store, pick the item that I want, then scan the barcode and that's it, I've successfully made the payment.
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pooya87
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October 13, 2019, 04:59:22 AM |
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How CAn I spend my cryptocurency and stable coins in shop?
first that "shop" has to have adopted that cryptocurrency or stable coin to accept it then you can simply pay it by carry around your wallet (like on your phone). the problem is that "shops" barely accept bitcoin payments let alone want to accept any of the altcoins! Like the app will Convert instantly my cryptocurency into fiat and I can pay with my phone at store?
why would you want to do that when you can't pay directly with crypto?!!! use fiat directly and avoid the fees that would associate with multiple conversions and the service costs and also the volatility of cryptocurrencies!
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febriyana
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October 13, 2019, 05:02:04 AM |
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In my country shop who accept cryptocurrency is really small. But you can try it, where the shop is near tourist, especially have any BTM (Bitcoin ATM). I ever buy soap with bitcoin, just scan QR, then transfer it. but the price is expensive if compared with fiat lol.. I more often buy digital product with cryptocurrency, like hosting and domain with Dogecoin, cheap, small fee also fast.
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Wexnident
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October 13, 2019, 05:26:31 AM |
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How CAn I spend my cryptocurency and stable coins in shop? Like the app will Convert instantly my cryptocurency into fiat and I can pay with my phone at store?
Also if anyone can recomend good trusted online shops to buy goods with cryptocurency
Shops dont do the convertion of crpyto to fiat to accept them. Shops adopt crypto itself as a mode of payment. They just don't go and say, "Oh you have crypto here let me help you change that to fiat currency" after all. That'd be making them like an exchange and they'd make 0 profit since their basically exchanging your crypto to fiat for free. If you really want to spend crypto in shops, spread the word. Tell shops the advantages of adopting crypto, especially if they are the early ones. It could potentially bring free advertisement in the crypto community and could increase their sales by a notch.
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Polo7 (OP)
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October 13, 2019, 08:08:52 AM |
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How CAn I spend my cryptocurency and stable coins in shop? Like the app will Convert instantly my cryptocurency into fiat and I can pay with my phone at store?
Also if anyone can recomend good trusted online shops to buy goods with cryptocurency
Shops dont do the convertion of crpyto to fiat to accept them. Shops adopt crypto itself as a mode of payment. They just don't go and say, "Oh you have crypto here let me help you change that to fiat currency" after all. That'd be making them like an exchange and they'd make 0 profit since their basically exchanging your crypto to fiat for free. If you really want to spend crypto in shops, spread the word. Tell shops the advantages of adopting crypto, especially if they are the early ones. It could potentially bring free advertisement in the crypto community and could increase their sales by a notch. What about stablecoins app? Can tap and pay like that! ? My point is why would i need to Exchange cryptocurency in fiat if I can spend my cryptocurency! I know in USA whole foods accepting cryptocurency now! That's nice
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joniboini
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October 13, 2019, 08:42:06 AM |
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What about stablecoins app? Can tap and pay like that! ?
What do you mean 'stablecoins app'? A wallet that supports storing your stablecoins? I think most wallet support QR code scan so you can use that. Even if you use a fiat digital wallet, they'll use the QR code too, so the experience is similar.
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Wexnident
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October 13, 2019, 08:55:23 AM |
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What about stablecoins app? Can tap and pay like that! ?
My point is why would i need to Exchange cryptocurency in fiat if I can spend my cryptocurency! I know in USA whole foods accepting cryptocurency now! That's nice
You can use it if there ever was one since I dont really know much about stablecoins, but again the prerequisite for such a thing to happen is that the shop MUST accept crypto as a form of payment. You cant really force shops that still use fiat to accept crypto since they havent adopted it yet. Even if you use stablecoins, technically speaking, is still a type of cryptocurrency so you still cant use them.
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crairezx20
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October 13, 2019, 09:00:25 AM |
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What you are looking for is likely the same as what we use here locally it is an app where you can buy anything you want locally like an airline ticket, pay bills, buy load and you can convert BTC to any supported coin without any 3rd party. If you are living here in the Philippines you can use this app they call it coins.ph. I think they are expanding and also supported Singapore users.
The stable coin from coins.ph is the fiat and you can use that fiat to pay or buy anything online.
Where exaclty do you live? So that we can find the right app and maybe there is an app the same as what we use here.
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creepyjas
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October 13, 2019, 10:06:11 AM |
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A. It will depend on which shop you will spend your coin. Ask if they accept cryptocurrency or a specific coin. If so, then you can start a transaction to them.
B. There are options to convert your cryptocurrency through fiat. You can do that by the use of some applications or ewallets which helps you convert or exchange from one token to another token and even fiat.
C. There also banks that accept cryptocurrency.
You may have to research depending on what country you live.
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Zanzibet
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October 13, 2019, 10:35:55 AM |
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its a lot easier to use your coin wallet along with your debit card. in case you do not get a shop which accepts Bitcoins. you can also transfer it to your bank as an alternative.
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Juggy777
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October 13, 2019, 11:45:16 AM |
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How CAn I spend my cryptocurency and stable coins in shop? Like the app will Convert instantly my cryptocurency into fiat and I can pay with my phone at store?
Also if anyone can recomend good trusted online shops to buy goods with cryptocurency
For you to consider doing that way, you should be the one to figure out your local mobile applications that supports that kind of payment, if there's no application that can support it, then that is the time that you need to worry. Basically the steps are quite simple, in the app that I am using, I am just converting my crypto to our fiat currency, go to the store, pick the item that I want, then scan the barcode and that's it, I've successfully made the payment. @Polo7 this entirely depends on your location, and your country laws whether they’re allowing shops to accept crypto’s or not. There’re many online retailers which are accepting crypto’s leaving the link below for your reference, hopefully you’ll find what you were looking for. https://www.lifewire.com/big-sites-that-accept-bitcoin-payments-3485965
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Velkro
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October 13, 2019, 09:21:26 PM |
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First thing you can do to help Bitcoin crypto adoption is to always ask workers who work in shops are they accepting Bitcoin and crypto.
Its still pain to do that in reality. Its best to have also mobile phone with mobile wallet with pocket money in it. Then you are not risking much in case of failure/hack. But now if you want pay and merchant require at least 1 confirmation, it will be really long wait to exit for example restaurant or other shop. You can either wait 1 minute or almost 2 hours... Not acceptable.
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LbtalkL
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October 13, 2019, 11:25:33 PM |
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How CAn I spend my cryptocurency and stable coins in shop? Like the app will Convert instantly my cryptocurency into fiat and I can pay with my phone at store?
Also if anyone can recomend good trusted online shops to buy goods with cryptocurency
If you want to buy some digital goods with cryptocurrency there are plenty just search on google, what country are you in? Don't you have local wallet? In my country we have coins ph we can easily convert crypto into fiat and pay bills easily within the app and more. You can also check coinbase if your country is supported.
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Rmcdermott927
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October 13, 2019, 11:36:33 PM |
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Personally, I use coinbase, then send it to my bank account, then spend via debit. I also use gyft and egifter to buy gift cards to use BTC in places that support it.
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khaled0111
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October 13, 2019, 11:42:19 PM |
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You can use this website to look for shops that accepts Bitcoin near you: https://coinmap.org/You can add yours too, if you have one. If hou didn't find any shop that accepts bitcoin and have to use cash, convert few coins to your local currency and cash it out using Bitcoin atm.
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