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Author Topic: Are there any countries that accept cryptos as an actual method of payment?  (Read 503 times)
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November 21, 2019, 03:11:58 PM
 #21


Nope there is no country that adopts BTC, even Japan where merchants at every corner doesn't adopt BTC as a government. Its just that some businesses accepts BTC, people in Venezuela and Brazil are somewhat using bitcoin to make transactions to some stores but that is just it. You can't expect a country to rely on currencies they don't control, its like disrespecting their own.


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November 21, 2019, 03:57:33 PM
 #22

I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?

as of now, there is no country that totally accepts bitcoin and uses it as their main currency
but bitcoin can be used all over the world if you only know the right person or the right merchant that accept bitcoin





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November 21, 2019, 04:04:25 PM
 #23

Don't expect othee countries to use cryptocurrency as their main currency because all countries have their own currency. Zimbabwe is facing a financial crisis which lead for their citizens to find another ways financially... As long as a country is still doing well and their currency is doing well, don't expect bitcoin to be their main. There are still no enough businesses accepting crypto so it will be hard for it to be a main currency.
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November 21, 2019, 06:11:25 PM
 #24

I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them.
I don't know where you got the news from about Zimbabwe using cryptocurrency and other currencies to trade but if I'm correct a year ago they banned crypto currency which also among what led to the died of golix an crypto exchange reside in Zimbabwe.


Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?

There are a lot of countries (EU, Korea, US, CA, Malta etc) where cryptocurrency are legal and use as currency.

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November 21, 2019, 06:28:53 PM
 #25

I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?

There are many countries which use Bitcoin as their primary currency like Venezuela and Iran. Those countries who are economically less strong or are facing sanctions from the US and their own currencies is becoming worthless, they are converting their money into bitcoins.
If you are talking about which country has legalized bitcoin, then Japan is one of the pioneers.

I don't know about Iran, but Venezuela definitively does NOT use Bitcoin as "primary currency". Very few people here know about Bitcoin, and some use it to escape hyperinflation, but it is very rarely accepted directly as a means of payment. You would have to be very lucky the merchant knows Bitcoin and is already knowledgeable enough to accept it instead of USD.

I don't know where you keep getting this impression, but i can tell you it is not true at all.

At the same time the government has been trying to promote the use of their centralized Dash fork, with very little success...

Zimbabwe, as far as i know, also went to the USD when their previous coin collapsed. As much as we want worldwide adoption, you have to look at the facts first.

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November 21, 2019, 06:35:06 PM
 #26

You can check these sort of informations at Cointelegraph as for instance:
https://cointelegraph.com/news/crypto-vs-cash-which-countries-expect-to-go-digital-soon

Since more countries are willing to accept cryptocurrencies as another payment method i am positive about the upcoming generalization in becoming 1 currency for every country.
It is a matter of time till all government groups realize how important is to have a unique currency. Except for the fact that each single economy dependency as their unique financial system which could be a bigger delaying problem for this to happen.

In reality there could still be a solution if everyone will be willing to think on the same principle.

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November 21, 2019, 11:57:23 PM
 #27

I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?

Its legal in my country but very few are using it as a currency itself and we can’t still buy food at the market using cryptocurrency so i think we are still far from this but its pretty good if you can hav cryptos legally. Actual method of payment will soon be happening in my place, a lot of Chinese here and they are paying most of the time thru their online wallet so maybe cryptocurrency will add to that option.

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November 22, 2019, 12:14:57 AM
 #28

En México si es posible pagar con Criptomonedas de las cuales se encuentran distribuidas través de toda la república mexicana entre las que destacan las siguientes:

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También Zona Gastro, un colectivo de foodtrucks, el cual se encuentra en el centro de Tijuana, Baja California, muy cerca de la frontera con Estados Unidos, en el cual las personas que asisten al local, pueden pagar con criptomonedas, y en caso de que los visitantes sean de nacionalidad norteamericana, no necesitan cambiar sus dólares por pesos para realizar compras, debido a que los comerciantes no se ven afectados por el tipo de cambio.

Otro ejemplo se encuentra en la Ciudad de México, más concretamente en el espacio multicultural del Cine Tonalá, donde es posible realizar pagos con la criptodivisa bitcoin por medio de Bitso Transfer, siendo una opción novedosa con gran variedad de oferta en entretenimiento.


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November 22, 2019, 12:28:51 AM
 #29

I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?

In some unstable countries like Zimbabwe and Argentina, a lot of the countries there have turned to other options like crypto-currencies in order to support them and hold their savings in crypto.

It's difficult for those people though, especially since their currency is so volatile and almost worthless, and the governments don't support their crypto-currency options, and instead keep attempting to revive their own currency instead of letting crypto save their people for a bit.

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November 22, 2019, 12:45:33 AM
 #30

I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?

In some unstable countries like Zimbabwe and Argentina, a lot of the countries there have turned to other options like crypto-currencies in order to support them and hold their savings in crypto.

It's difficult for those people though, especially since their currency is so volatile and almost worthless, and the governments don't support their crypto-currency options, and instead keep attempting to revive their own currency instead of letting crypto save their people for a bit.
Many country not accepted bitcoin as legal payment because not regulation of using bitcoin and can't prediction with bitcoin price, many country looking how to keep safety their people if using bitcoin with price suddenly down and how to increase their people assets, many manipulated price of bitcoin many countries want to delay for using bitcoin as legal currency digital payment.

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November 22, 2019, 12:51:30 AM
 #31

There are many solutions coming up to fix this problem! Start-up projects with the goal of multinational payment, anytime, anywhere appear in the market. However, the legal issues have not been resolved. Many countries do not accept cryptocurrencies.

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November 22, 2019, 12:57:23 AM
 #32

I dont heard yet as primary, but as secondary there are many countries that practice and accept cryptocurrency like japan. If you dont know china is developing their own currency, they plan to tokenize their national currency this is a huge move I hope the result is good.
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November 22, 2019, 01:12:38 AM
 #33

I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?

In some unstable countries like Zimbabwe and Argentina, a lot of the countries there have turned to other options like crypto-currencies in order to support them and hold their savings in crypto.

It's difficult for those people though, especially since their currency is so volatile and almost worthless, and the governments don't support their crypto-currency options, and instead keep attempting to revive their own currency instead of letting crypto save their people for a bit.
The government will continue trying to have their own currency even they accept crypto there's still chance that they will keep trying to revive since own
currency express the stability and strength of one nations. Most of the countries will keep their own fiat and be civil with crypto existence.

Like you have said Argentina and Zimbabwe got unstable economy that's why they embrace crypto to exist.

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November 22, 2019, 01:36:59 AM
 #34

I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?


I think in Zimbabwe, using bitcoin as their temporary alternative currency when their country is experiencing an economic crisis with fiat finance, well maybe at this time in other countries their government has not yet formalized cryptocurrency or bitcoin to be used as their main payment method because the government thinks it will threatening their finances so that currently not many governments recognize that bitcoin is a good payment method.

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November 22, 2019, 02:06:53 AM
 #35

Considering the current trend in the crypto space, Japan and South Korea are currently the countries I think actually accept and regard cryptocurrencies as an actual method of payment. These countries have projects supporting the use of cryptocurrencies as an alternative method of payment which in some way be considered as promoting the use of cryptos as an actual method of payment.
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November 22, 2019, 02:19:48 AM
 #36

yes I think there are currently many countries that accept cryptocurrency as a means of payment. such as Japan, the United States, Australia, South Korea, Finland, Britain and others. the more age of bitcoin, the more countries and companies that accept bitcoin. most people use bitcoin as an investment tool but bitcoin can also be an alternative means of payment. and maybe someday if all countries can receive bicoin. bitcoin will become a global currency.

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November 22, 2019, 08:26:53 AM
 #37

So far I know some countries where cryptocurrency is running legally but within a very small scale, I believe that Cryptocurrency will be more flourish within very soon because already some countries are creating own cryptocurrency for their own country's people, So this platform is getting popular and accepted in some sense, not only that but also Big names like China, Australia, Japan, and some other Big fishes will try to compete with this platform so there will be a healthy competition in the coming days, in this perspective, Bitcoin and cryptocurrency along with blockchain system is more or less safe because people are becoming fond of this system so far.

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November 22, 2019, 10:27:14 AM
 #38

I dont heard yet as primary, but as secondary there are many countries that practice and accept cryptocurrency like japan. If you dont know china is developing their own currency, they plan to tokenize their national currency this is a huge move I hope the result is good.
Its too far to use it as primary currency .mostly crypto currency such as bitcoin. can only be use as payment method and use that to pay online pay your  online shopping , bills and many other option. bitcoin use only just alternative to other online payment .
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November 22, 2019, 11:23:30 AM
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in my country cryptocurrency has been accepted, but not as a currency used in real life transactions. only as trading commodities, such as stocks and other commodities. well in Zimbabwe they turn to crypto, because they don't want to lose their assets. if they retain their assets based on the state of the country's economy. then everything will be destroyed. so the best option is to choose crypto. the difference in my country is, someone will be penalized if doing daily transactions using crypto. but for trade commodities, that doesn't matter.
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November 22, 2019, 12:09:42 PM
 #40

I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?


County-wise? Nah.

But you surely can find individuals from every country, who accept Bitcoins as a payment.

It was few years ago when a person I know traded cow fertilizer for a share of bean harvest. So yes, it is completely possible.
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