How Bitcoin will rise as EU cash payments fall

[Artemis3]

It is nice that Europe does it for convenience rather than necessity. Here we became cashless because the banknotes lose their value so quickly, you'd need a ton of them to buy anything meaningful, and because the gov doesn't even have money to print enough, they have also become scarce to the point of extinction.

Indeed we also use debit cards and phone (sms or custom app) for payments. Bitcoin is a little bit more involved, but much more safer than sending an sms with your personal ID to a random merchant...

I don't think losing cash necessarily points people to bitcoin. I have yet to see bitcoin use here in everyday transactions, people are mostly using it to either trade and make money from the absurd exchange rates hyperinflation + distorted economy does or as a means to keep value when access to more "conventional" fiats is difficult.

As the article itself mentions, debit and phone can be used instead. But you could take advantage of that to teach people that they only need to do one extra step to become secure and independent from the State.

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[Linkkoin]

I think it will eventually do. A cashless society is coming and I know its not that can happen easily.

Now just think about one thing - in the last couple of years in many countries, banks had been refusing to provide services to new customers/closing existing accounts of people and companies with some unpopular political views or who had been involved in the cryptocurrency environment.

Imagine that you could find yourself practically excluded from cashless society in such case, with almost no alternative available. Theoretically, you could switch fully to cryptocurrencies IF they are widely adopted and your employer could pay your salary in crypto. Otherwise, you would be forced to ask someone to allow you to use their bank account/card for daily use (if this would be legal of course - otherwise imagine that you may not be able to get a salary, pay for your bills etc).  

[clickerz]

This will be pushed to become a payment of all goods even though it's for basic needs, and cryptocurrency isn't intended all alone for digital goods. Many reasons came out from every individuals, that's why it's more interesting nowadays and most of the discussions pertains directly for the interest of everyone to bitcoin.
Cash payments is ineffective once the system will shutdown, and thereafter bitcoin solves the possible delays of transactions.

Well, bitcoin is fast becoming the in-demand currency or cryptocurrency in every crisis. From Iran, Venezuela bitcoin become a solution and a better option in the situation.EU's financial uncertainty will push bitcoin too to be the sought-after haven for the people. This is the adoption we need where people know already the alternative, just keep using and we witness the full potential of this cryptocurrency.

[Twentyonepaylots]

It is nice that Europe does it for convenience rather than necessity. Here we became cashless because the banknotes lose their value so quickly, you'd need a ton of them to buy anything meaningful, and because the gov doesn't even have money to print enough, they have also become scarce to the point of extinction.

Indeed we also use debit cards and phone (sms or custom app) for payments. Bitcoin is a little bit more involved, but much more safer than sending an sms with your personal ID to a random merchant...

I don't think losing cash necessarily points people to bitcoin. I have yet to see bitcoin use here in everyday transactions, people are mostly using it to either trade and make money from the absurd exchange rates hyperinflation + distorted economy does or as a means to keep value when access to more "conventional" fiats is difficult.

As the article itself mentions, debit and phone can be used instead. But you could take advantage of that to teach people that they only need to do one extra step to become secure and independent from the State.

But at the end of the day, this is a great start for bitcoin's journey. People seeing the need to go cashless will be one of if not the catalyst that will drive them towards bitcoin. Really happy as you are that they are using bitcoin or at least interested in bitcoin because of it's innate desirable features instead of mainly for profit which most of people involved with bitcoin are right now.

[anoufal]

As long as bitcoin will be invested, it will exist. And it does not matter whether it is cash or "digital" money.

[wozzek23]

Some people are really confused in this life. I don’t see anything much with Bitcoin price going, that’s how it’s meant to be. Bitcoin is an asset and the reason we invest in it is because we want to make profit, and how do you plan to make that profit if the price is not increasing? So, saying that EU cash is dead because Bitcoin is increasing is wrong.

I still make use of fiat and that is mainly what I use for payment and not Bitcoin, I have never used Bitcoin to make any purchase except sending money to people I know and work with. So, I’m sorry you’re wrong. Imagine that the price of Bitcoin starts to fall, a lot of people are going to sell it back for their original currency.

[Amel]

This doesn't really make sense and seems to suggest the opposite of what you're claiming. What power would criminals have to keep the government making cash?
If the government stops issuing it then there's nothing they can do unless they invent their own paper currency. People complaining, and especially criminals, isn't really going to make a difference and I don't think that would be an issue as cash will just become obsolete gradually over time naturally so it's inevitable it will disappear eventually as people will just stop using it and criminals wanting to tax evade obviously isn't a reason the government will keep printing and minting it.

It all hugely depends on a country, if Sweden announced tomorrow that they start removing cash, there would be some angry posts on the internet and maybe a hundred of protestors, if the same happened in Greece, there would be riots. But I agree with your point that cash will be slowly and naturally fading away, and that's how Bitcoin will start getting more attention - people will view it as digital cash. Bitcoin is not a part of cashless society, it's a direct opposition to it.

I still haven't found a strong foundation for his argument, the main question is how does a country accept decentralized bitcoin? this is the problem now. And maybe everyone will answer that question with "let time be answered later". I understand that, but at least when we argue we need to have good reasons for that argument.

[TedMosby]

Bitcoin is the future
We’ve taken a look at how Bitcoin will rise as EU cash payments fall, and the future is looking pretty exciting. As cash payments plummet around the world, but particularly in Europe, it makes more and more sense for us to accept the cryptocurrency as a valid and viable payment method. Bitcoin, the cryptocurrency with the largest market cap, really is the only crypto contender to replace cash in Europe.

Have you guys read this?
In this year, 25k retailers in france is ready to accept bitcoin payment.
https://coinrivet.com/why-france-could-see-a-bitcoin-boom-in-2020/

Among the top brands that will accept Bitcoin in France are many international names including Sephora, Foot Locker, Decathlon, Maison du Monde, Intersport, Norauto, Conforama, Cultura, and Boulanger.

[CarnagexD]

Bitcoin is the future
We’ve taken a look at how Bitcoin will rise as EU cash payments fall, and the future is looking pretty exciting. As cash payments plummet around the world, but particularly in Europe, it makes more and more sense for us to accept the cryptocurrency as a valid and viable payment method. Bitcoin, the cryptocurrency with the largest market cap, really is the only crypto contender to replace cash in Europe.

Have you guys read this?
In this year, 25k retailers in france is ready to accept bitcoin payment.
https://coinrivet.com/why-france-could-see-a-bitcoin-boom-in-2020/

Among the top brands that will accept Bitcoin in France are many international names including Sephora, Foot Locker, Decathlon, Maison du Monde, Intersport, Norauto, Conforama, Cultura, and Boulanger.

So slowly but surely digital currencies are making their move into taking over what fiat can't do best. This is good news I must say, as this open doors for bitcoin as a bonafide cryptpcurrency that everyone can use with their everyday living and not just some form of asset they can take on to gain profits. This is beginning to take form it's all coming together if I do say so myself.

[TedMosby]

So slowly but surely digital currencies are making their move into taking over what fiat can't do best. This is good news I must say, as this open doors for bitcoin as a bonafide cryptpcurrency that everyone can use with their everyday living and not just some form of asset they can take on to gain profits. This is beginning to take form it's all coming together if I do say so myself.

It’s even better because it’s sephora.
Sephora is a millennial thing right now. It’s like sephora is part of millennial “starter pack”.

Check this article:
Victoria’s Secret, Sephora and Nike rank as millennial consumers' favourite brands
https://www.thedrum.com/news/2017/04/20/victoria-s-secret-sephora-and-nike-rank-millennial-consumers-favourite-brands

It’s great, because they are more familiar with internet and tech, so IMO bitcoin can be well introduced to them.