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Author Topic: Paying with crypto is more accessible than ever  (Read 768 times)
JessicaVL (OP)
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January 03, 2020, 08:05:08 AM
 #1

On 22 May 2010, Laszlo Hanyecs made the first ever real world transaction with Bitcoin, buying two pizzas in Jacksonville, Florida for 10,000 BTC. Today, 10,000 BTC is worth $72,180,800 - now that’s some pricey pizza. Since then, the cryptocurrency community has grown in leaps and bounds and paying with crypto is more accessible than ever.

We’ll be taking a look at how many merchants accept cryptocurrency payments, including how to pay using Bitcoin, how to pay with Litecoin, how to pay with Ethereum, Dash and Bitcoin Cash. It’s time to get those Bitcoin payments rolling.

https://www.youtube.com/watch?v=j28hkTJMuTA

Top cryptocurrencies accepted by merchants worldwide

5. Dash (DASH)
Coming in at number 5, Dash makes it onto the list of the top cryptocurrencies accepted worldwide. Dash, originally known as Darkcoin and XCoin, is a privacy coin that keeps things totally private for its users. Evan Duffield, the creator of Dash, decided to found his own coin after seeing the shortfalls created by Bitcoin and Litecoin. Dash is a hard fork of Litecoin (LTC), and has faster transaction feeds and more privacy than LTC. You can pay with Dash at 124 verified companies. The actual number is probably a lot higher, but for the sake of this article we’ll just be looking at verified merchants.   

4. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a fork of Bitcoin. Bitcoin Cash was founded on 1 August 2017, as a response to rising Bitcoin network fees. Since its inception, Bitcoin had maintained a common set of rules for the coin, however certain community members were unhappy with how the blockchain was developing, and they decided to split, resulting in Bitcoin Cash. Bitcoin Cash is currently the 5th largest cryptocurrency by market cap, and is available to trade on most trading platforms, like eToro, and exchanges. You can pay with Bitcoin Cash at 199 verified merchants.

3. Litecoin (LTC)
Litecoin was launched in 2011, as a fork of Bitcoin. Charlie Lee, the creator of Litecoin (LTC), aimed to combat some of the shortcomings facing Bitcoin, including faster transaction speeds and block propagation (one block in 2.5 minutes instead of 10 minutes as on the Bitcoin blockchain), and a larger total supply (84 million LTC to 21 million  BTC). What to know how to pay with Litecoin? It’s easily available, with 205 verified merchants accepting LTC as a form of payment.

https://www.youtube.com/watch?v=bj-CVgnkFZM

2. Ethereum (ETH)
It probably comes as no surprise that Ethereum sits at the second position on this list. Ethereum is the second largest coin by market cap, sitting only behind Bitcoin. Founded in 2015, Ethereum brought smart contracts to the cryptocurrency space. Since then, Ethereum has gone on to become one of the most successful coins on the market. With the Ethereum 2.0 upgrade coming up sometime in 2020, Ethereum will be faster, more secure and more scalable, making it even more ideal for transactions. You can pay with ETH at 272 verified merchants.

1. Bitcoin
Obviously Bitcoin sits at number one on this list. Bitcoin is arguably the most mainstream of all of these coins, and sits with the largest market cap by far. Paying with crypto is more accessible than ever, by and large because of the existence of Bitcoin. Bitcoin was the first cryptocurrency, and remains the most popular one. Websites like Wikipedia, Microsoft, Overstock, and Shopify are amongst those companies and retailers that accept Bitcoin payments. Bitcoin is considered legal in the USA, Malta, Nigeria, Japan, and dozens of other countries around the world. As of now, you can pay with Bitcoin directly at 453 verified merchants. However, there are also crypto cards like BitPay, Bitcoin payments are super simple.

https://twitter.com/jack/status/1092914316729147392

Want to get your hands on some BTC? You can buy directly from eToro, or trade the cryptocurrency - and all the others on the list - and make some money by accurately predicting the market movements. That’s right, you can make money even if the cryptocurrency’s value is down. Get those Bitcoin payments rolling.

Accessibility
As mainstream acceptance of cryptocurrency grows, so will the number of merchants accepting crypto payments. Already, paying with crypto is more accessible than ever and that’s unlikely to stop any time soon. As we move forward, more and more countries will likely begin to see the promise of cryptocurrency and how the technology can help us transition into a digital world. This industry is on the up, more and more merchants accept cryptocurrency payments than ever before, and it’s pretty clear that the bitcoin payments and cryptocurrency payments market will continue to grow.

https://forums.nakamotonews.network/t/paying-with-crypto-is-more-accessible-than-ever/1913
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January 03, 2020, 08:29:02 AM
 #2

It should be an old data but how much total merchants that accept crypto as payment has already changed. I rarely to see that people are using crypto like BCH or even litecoin to buy on the merchant. I have ever seen people use dash to buy the product from the merchants but it has already a long time ago.
I believe if there is a lot of differences on the how much merchants that is still accepting crypto as payment.

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January 03, 2020, 08:34:01 AM
 #3

As of now, you can pay with Bitcoin directly at 453 verified merchants. However, there are also crypto cards like BitPay, Bitcoin payments are super simple.

453 merchants is old data. coinmap tells about 15857 businesses. And even that is almost nothing. The world is big. Very big.
When the list will contain all the chains like Auchan, Kaufland, Lidl, Carrefour, McDonald's, KFC (all around the world), booking.com, ... , when most payment processors will also accept Bitcoin.. then we can say Bitcoin is easy to spend. It will happen in the future, but let's not fool ourselves.

BitPay is not the best example for Bitcoin, lately it is oriented towards BCash and has bigger fees for Bitcoin (!).
However, the crypto cards are, in many people's opinion, not really Bitcoin spending. Hefty fees, KYC, the need to keep bitcoin in custodian wallet, the need to keep fiat on most of those cards make them not much loved.
It is pretty easy to use them indeed, but it involves more steps than "super simple".


So we are on the right track, but we should not be too happy too soon, there's still much to work to get to the point Bitcoin is easy to spend. We aim to get close to fiat/cards easiness after all, don't we?

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January 03, 2020, 08:34:23 AM
 #4

I bet many people don't know all this, some still ask silly questions where merchants are accepting crypto as means of payment, thanks for this good information, in few more years every single souls in this world will use crypto

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January 03, 2020, 08:48:12 AM
 #5

Yeah, bitcoin as the first pick as always.
I have never tried any crypto yet rather than any of what you have said in your list.

Although, I am using some of it just for a cheaper transaction but with gambling I would always prefer bitcoin as the method to deposit some funds.
I guess the problem also is the option.
Most merchants just input bitcoin as the accepted crypto currency.

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January 03, 2020, 08:51:18 AM
 #6

Bitcoin cash? is that a joke? If merchants want their customers to pay for higher fees and suffer for slower confirmation, they'll choose this coin. So, it's already been said that this was an old data and I don't think there will be the same choice for most merchants for that altcoin. Bitcoin is still the best despite of other altcoins advertising that they're cheaper and faster than bitcoin, still they can't do a par with it. I think there's a new data that BNB is also one of the choices among the cryptos to be accepted by merchants.

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January 03, 2020, 08:53:32 AM
 #7

I bet many people don't know all this, some still ask silly questions where merchants are accepting crypto as means of payment, thanks for this good information, in few more years every single souls in this world will use crypto
True, I also don't know about this, so this information is very useful for me personally and for them in general, because in the future there will be more people who want to use crypto in various ways.

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masterrex
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January 03, 2020, 09:27:30 AM
 #8

In some countries maybe, but in the rest of the world i think its not even close to reality, only the key cities has the capability to accept cryptocurrency as payments, still fiat is the most accessible the dominant currency where ever you are, but in fairness to cryptocurrency, i think its slowly moving forward and continue to find more innovative ways to spend cryptocurrency in real time without hassle. for me cryptocurrency still needs a lot of time to break the barrier and spend cryptocurrency in the form of simplicity just like the traditional fiat money and i hope that day will come sooner that we expected.  
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January 03, 2020, 09:41:37 AM
 #9

I bet many people don't know all this, some still ask silly questions where merchants are accepting crypto as means of payment, thanks for this good information, in few more years every single souls in this world will use crypto
True, I also don't know about this, so this information is very useful for me personally and for them in general, because in the future there will be more people who want to use crypto in various ways.

Of course they will do that easily and like shopping at an online store will also use a payment system that uses stable crypto and that will be a reference for them because they immediately want to be simple in making transactions and using crypto.

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January 03, 2020, 09:45:13 AM
 #10

For me, the payment of electronic money is still very limited, until now I only use electronic money to upgrade 1 account on an overseas website. Daily purchase payment options are not available in my country.
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January 03, 2020, 09:45:17 AM
 #11

In some countries maybe, but in the rest of the world i think its not even close to reality, only the key cities has the capability to accept cryptocurrency as payments, still fiat is the most accessible the dominant currency where ever you are, but in fairness to cryptocurrency, i think its slowly moving forward and continue to find more innovative ways to spend cryptocurrency in real time without hassle. for me cryptocurrency still needs a lot of time to break the barrier and spend cryptocurrency in the form of simplicity just like the traditional fiat money and i hope that day will come sooner that we expected.  
Some are still not knowledgeable that crypto exists. There were times I tried to send money from to other countries and I really intend to explain and send my money thru crypto other than bank and remittances, sometime they just need to be teach as there are really available now almost everywhere.

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January 03, 2020, 11:40:30 AM
 #12

On 22 May 2010, Laszlo Hanyecs made the first ever real world transaction with Bitcoin, buying two pizzas in Jacksonville, Florida for 10,000 BTC. Today, 10,000 BTC is worth $72,180,800 - now that’s some pricey pizza. Since then, the cryptocurrency community has grown in leaps and bounds and paying with crypto is more accessible than ever.

We’ll be taking a look at how many merchants accept cryptocurrency payments, including how to pay using Bitcoin, how to pay with Litecoin, how to pay with Ethereum, Dash and Bitcoin Cash. It’s time to get those Bitcoin payments rolling.

https://www.youtube.com/watch?v=j28hkTJMuTA

Top cryptocurrencies accepted by merchants worldwide

5. Dash (DASH)
Coming in at number 5, Dash makes it onto the list of the top cryptocurrencies accepted worldwide. Dash, originally known as Darkcoin and XCoin, is a privacy coin that keeps things totally private for its users. Evan Duffield, the creator of Dash, decided to found his own coin after seeing the shortfalls created by Bitcoin and Litecoin. Dash is a hard fork of Litecoin (LTC), and has faster transaction feeds and more privacy than LTC. You can pay with Dash at 124 verified companies. The actual number is probably a lot higher, but for the sake of this article we’ll just be looking at verified merchants.   

4. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a fork of Bitcoin. Bitcoin Cash was founded on 1 August 2017, as a response to rising Bitcoin network fees. Since its inception, Bitcoin had maintained a common set of rules for the coin, however certain community members were unhappy with how the blockchain was developing, and they decided to split, resulting in Bitcoin Cash. Bitcoin Cash is currently the 5th largest cryptocurrency by market cap, and is available to trade on most trading platforms, like eToro, and exchanges. You can pay with Bitcoin Cash at 199 verified merchants.

3. Litecoin (LTC)
Litecoin was launched in 2011, as a fork of Bitcoin. Charlie Lee, the creator of Litecoin (LTC), aimed to combat some of the shortcomings facing Bitcoin, including faster transaction speeds and block propagation (one block in 2.5 minutes instead of 10 minutes as on the Bitcoin blockchain), and a larger total supply (84 million LTC to 21 million  BTC). What to know how to pay with Litecoin? It’s easily available, with 205 verified merchants accepting LTC as a form of payment.

https://www.youtube.com/watch?v=bj-CVgnkFZM

2. Ethereum (ETH)
It probably comes as no surprise that Ethereum sits at the second position on this list. Ethereum is the second largest coin by market cap, sitting only behind Bitcoin. Founded in 2015, Ethereum brought smart contracts to the cryptocurrency space. Since then, Ethereum has gone on to become one of the most successful coins on the market. With the Ethereum 2.0 upgrade coming up sometime in 2020, Ethereum will be faster, more secure and more scalable, making it even more ideal for transactions. You can pay with ETH at 272 verified merchants.

1. Bitcoin
Obviously Bitcoin sits at number one on this list. Bitcoin is arguably the most mainstream of all of these coins, and sits with the largest market cap by far. Paying with crypto is more accessible than ever, by and large because of the existence of Bitcoin. Bitcoin was the first cryptocurrency, and remains the most popular one. Websites like Wikipedia, Microsoft, Overstock, and Shopify are amongst those companies and retailers that accept Bitcoin payments. Bitcoin is considered legal in the USA, Malta, Nigeria, Japan, and dozens of other countries around the world. As of now, you can pay with Bitcoin directly at 453 verified merchants. However, there are also crypto cards like BitPay, Bitcoin payments are super simple.

https://twitter.com/jack/status/1092914316729147392

Want to get your hands on some BTC? You can buy directly from eToro, or trade the cryptocurrency - and all the others on the list - and make some money by accurately predicting the market movements. That’s right, you can make money even if the cryptocurrency’s value is down. Get those Bitcoin payments rolling.

Accessibility
As mainstream acceptance of cryptocurrency grows, so will the number of merchants accepting crypto payments. Already, paying with crypto is more accessible than ever and that’s unlikely to stop any time soon. As we move forward, more and more countries will likely begin to see the promise of cryptocurrency and how the technology can help us transition into a digital world. This industry is on the up, more and more merchants accept cryptocurrency payments than ever before, and it’s pretty clear that the bitcoin payments and cryptocurrency payments market will continue to grow.

https://forums.nakamotonews.network/t/paying-with-crypto-is-more-accessible-than-ever/1913

It all depends on state policy, honestly until now I have practically practically illegal transactions, because there has been no official statement about the status of cryptocurrency, as for merchants who can receive payments via cryptocurrency can be counted, even large retailers here have not received payment methods with cryptocurrency. But this is what I have to go through, in some places it is enough to be grateful rather than not being able to at all, from the list I only use bitcoin and ETH to make transactions, because their exchange rates are quite high. And maybe I'll try some of these for other options, thanks for the reference

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BeManga
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January 03, 2020, 12:13:22 PM
 #13

In some countries maybe, but in the rest of the world i think its not even close to reality, only the key cities has the capability to accept cryptocurrency as payments, still fiat is the most accessible the dominant currency where ever you are, but in fairness to cryptocurrency, i think its slowly moving forward and continue to find more innovative ways to spend cryptocurrency in real time without hassle. for me cryptocurrency still needs a lot of time to break the barrier and spend cryptocurrency in the form of simplicity just like the traditional fiat money and i hope that day will come sooner that we expected.  
Some are still not knowledgeable that crypto exists. There were times I tried to send money from to other countries and I really intend to explain and send my money thru crypto other than bank and remittances, sometime they just need to be teach as there are really available now almost everywhere.
i agree as of now we are still in adoption and a lot of people is still not knowledgeable about crypto
as long as we can get more adoption i think someday there will be more place we can use or exchange our crypto





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January 03, 2020, 12:33:42 PM
 #14

Yes is accessible but the main problem is that will take time that more merchants accept it and shops and restaurants, but maybe we will see this in 5 years but is possible to not see it on all countries.
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January 03, 2020, 12:47:55 PM
 #15

I totally agree with what you said. basically using crypto as a real payment tool is a very fun and safe thing in my opinion, how about crypto we don't need to repit the hassle of carrying cash which can cause various kinds of impacts such as theft, robbery etc. But with crypto we can feel safe because the key is in our brain in the form of a password, with crypto we can get all access rights in full. In fact, since I use and own crypto, especially in my area, there are also many private crypto providers and sellers (non-exchangers) and it's fun, we can buy everything we need, especially things related to the internet.
BTC, ETH are the first choice for transactions, and of course the whole world has recognized it.

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January 03, 2020, 01:03:08 PM
 #16

So far so good crypto have been accepted by many merchants for payments but will it be accepted in all parts of the world? And when will that be,  not withstanding I believe in the future of crypto but it will take time to make it acceptable by merchants around the world.
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January 03, 2020, 01:05:05 PM
 #17

in my country I already received bitcoin payments but as far as I know there is still one province and the bitcoin office ethereum has also branched out to this capital city proving cryptocurrency payments are applied

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January 03, 2020, 01:41:51 PM
 #18

Although crypto usage and mass adoption is growing steadily and slowly everyday but in countries like where i live they are officially banned that means they are being traded only in the background and unless govt declares them legal to buy and sell i think the pace will remain slow.

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January 03, 2020, 02:02:09 PM
 #19

On 22 May 2010, Laszlo Hanyecs made the first ever real world transaction with Bitcoin, buying two pizzas in Jacksonville, Florida for 10,000 BTC. Today, 10,000 BTC is worth $72,180,800 - now that’s some pricey pizza. Since then, the cryptocurrency community has grown in leaps and bounds and paying with crypto is more accessible than ever.

We’ll be taking a look at how many merchants accept cryptocurrency payments, including how to pay using Bitcoin, how to pay with Litecoin, how to pay with Ethereum, Dash and Bitcoin Cash. It’s time to get those Bitcoin payments rolling.

https://www.youtube.com/watch?v=j28hkTJMuTA

Top cryptocurrencies accepted by merchants worldwide

5. Dash (DASH)
Coming in at number 5, Dash makes it onto the list of the top cryptocurrencies accepted worldwide. Dash, originally known as Darkcoin and XCoin, is a privacy coin that keeps things totally private for its users. Evan Duffield, the creator of Dash, decided to found his own coin after seeing the shortfalls created by Bitcoin and Litecoin. Dash is a hard fork of Litecoin (LTC), and has faster transaction feeds and more privacy than LTC. You can pay with Dash at 124 verified companies. The actual number is probably a lot higher, but for the sake of this article we’ll just be looking at verified merchants.   

4. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a fork of Bitcoin. Bitcoin Cash was founded on 1 August 2017, as a response to rising Bitcoin network fees. Since its inception, Bitcoin had maintained a common set of rules for the coin, however certain community members were unhappy with how the blockchain was developing, and they decided to split, resulting in Bitcoin Cash. Bitcoin Cash is currently the 5th largest cryptocurrency by market cap, and is available to trade on most trading platforms, like eToro, and exchanges. You can pay with Bitcoin Cash at 199 verified merchants.

3. Litecoin (LTC)
Litecoin was launched in 2011, as a fork of Bitcoin. Charlie Lee, the creator of Litecoin (LTC), aimed to combat some of the shortcomings facing Bitcoin, including faster transaction speeds and block propagation (one block in 2.5 minutes instead of 10 minutes as on the Bitcoin blockchain), and a larger total supply (84 million LTC to 21 million  BTC). What to know how to pay with Litecoin? It’s easily available, with 205 verified merchants accepting LTC as a form of payment.

https://www.youtube.com/watch?v=bj-CVgnkFZM

2. Ethereum (ETH)
It probably comes as no surprise that Ethereum sits at the second position on this list. Ethereum is the second largest coin by market cap, sitting only behind Bitcoin. Founded in 2015, Ethereum brought smart contracts to the cryptocurrency space. Since then, Ethereum has gone on to become one of the most successful coins on the market. With the Ethereum 2.0 upgrade coming up sometime in 2020, Ethereum will be faster, more secure and more scalable, making it even more ideal for transactions. You can pay with ETH at 272 verified merchants.

1. Bitcoin
Obviously Bitcoin sits at number one on this list. Bitcoin is arguably the most mainstream of all of these coins, and sits with the largest market cap by far. Paying with crypto is more accessible than ever, by and large because of the existence of Bitcoin. Bitcoin was the first cryptocurrency, and remains the most popular one. Websites like Wikipedia, Microsoft, Overstock, and Shopify are amongst those companies and retailers that accept Bitcoin payments. Bitcoin is considered legal in the USA, Malta, Nigeria, Japan, and dozens of other countries around the world. As of now, you can pay with Bitcoin directly at 453 verified merchants. However, there are also crypto cards like BitPay, Bitcoin payments are super simple.

https://twitter.com/jack/status/1092914316729147392

Want to get your hands on some BTC? You can buy directly from eToro, or trade the cryptocurrency - and all the others on the list - and make some money by accurately predicting the market movements. That’s right, you can make money even if the cryptocurrency’s value is down. Get those Bitcoin payments rolling.

Accessibility
As mainstream acceptance of cryptocurrency grows, so will the number of merchants accepting crypto payments. Already, paying with crypto is more accessible than ever and that’s unlikely to stop any time soon. As we move forward, more and more countries will likely begin to see the promise of cryptocurrency and how the technology can help us transition into a digital world. This industry is on the up, more and more merchants accept cryptocurrency payments than ever before, and it’s pretty clear that the bitcoin payments and cryptocurrency payments market will continue to grow.

https://forums.nakamotonews.network/t/paying-with-crypto-is-more-accessible-than-ever/1913

This is because the opportunity of profit in crypto currency is also growing therefore many government and other entities also starting to accept and use crypto currencies for the sake of profit that they are after.

And because of their acceptance, the opportunity in using crypto as a means of payment became more accessible. And there is a very little chance that this acceptance will stop instead it will continue to grow and many coins/altcoins will surely compete as the most useful coins/altcoins in the future.

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January 03, 2020, 02:05:34 PM
 #20

I totally agree with what you said. basically using crypto as a real payment tool is a very fun and safe thing in my opinion, how about crypto we don't need to repit the hassle of carrying cash which can cause various kinds of impacts such as theft, robbery etc. But with crypto we can feel safe because the key is in our brain in the form of a password, with crypto we can get all access rights in full. In fact, since I use and own crypto, especially in my area, there are also many private crypto providers and sellers (non-exchangers) and it's fun, we can buy everything we need, especially things related to the internet.
BTC, ETH are the first choice for transactions, and of course the whole world has recognized it.
It seems fun to use crypto as a payment tool besides being safe and comfortable to use without worry.
but the sad thing for me is that in the country where I live I have not found a shop or anything that uses crypto as a payment transaction.

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