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Author Topic: I can't wait until I can pay using bitcoin at the supermarket  (Read 1725 times)
bitbollo
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September 14, 2020, 05:22:13 PM
 #161

I have already payed in a supermarket using bitcoin some years ago. But I used a debit card loaded with some coins.
Or I have sent some coins to a friend that was paying for me in cash.
I don't think at current status this could be possible, we need LN or other implementation since it could be very hard and expensive pay at groceries with coins (imagine wait for at least 1 confirmation ... :O )

If I remember correctly, I payed some "aperitifs" just with coins... but I was in a bitcoin meetup Tongue it was easy pay there with my crypto.

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September 14, 2020, 05:36:23 PM
 #162

I have already payed in a supermarket using bitcoin some years ago. But I used a debit card loaded with some coins.
Or I have sent some coins to a friend that was paying for me in cash.
I don't think at current status this could be possible, we need LN or other implementation since it could be very hard and expensive pay at groceries with coins (imagine wait for at least 1 confirmation ... :O )

If I remember correctly, I payed some "aperitifs" just with coins... but I was in a bitcoin meetup Tongue it was easy pay there with my crypto.

If you used a debit card which can be loaded with Bitcoin.... then I am sorry to inform you that you made the payment in fiat currency and not using cryptocurrency. I also have a debit card issued from Wagecan, which I use to make payments and ATM withdrawals. But here, the transactions are being done in fiat currency. As soon as I load my card with Bitcoins, they are converted in to fiat cash. Direct payment using Bitcoin is still very rare.

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September 14, 2020, 09:03:44 PM
 #163

Whether you can wait or not, you have to. And it is far from possible that something like this will happen in the near future or will happen at all. By the way, in some countries, such as the Philippines, I think this innovation will be one of the first.
So all you need to do is move to another country. As for the more developed countries, banking and financial regulators cannot afford to let cryptocurrency into everyday life so easily.

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bitbollo
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September 14, 2020, 09:51:11 PM
 #164

I have already payed in a supermarket using bitcoin some years ago. But I used a debit card loaded with some coins.
Or I have sent some coins to a friend that was paying for me in cash.
I don't think at current status this could be possible, we need LN or other implementation since it could be very hard and expensive pay at groceries with coins (imagine wait for at least 1 confirmation ... :O )

If I remember correctly, I payed some "aperitifs" just with coins... but I was in a bitcoin meetup Tongue it was easy pay there with my crypto.

If you used a debit card which can be loaded with Bitcoin.... then I am sorry to inform you that you made the payment in fiat currency and not using cryptocurrency. I also have a debit card issued from Wagecan, which I use to make payments and ATM withdrawals. But here, the transactions are being done in fiat currency. As soon as I load my card with Bitcoins, they are converted in to fiat cash. Direct payment using Bitcoin is still very rare.

I used both wirex and advcash as card. If I remember correctly wirex allow to spend directly crypto (like a conversion in real teim)
Yes I know technically in this case I used directly fiat and not crypto.
But the source of the funds was in crypto Smiley I mean it was another way to exchange/spend some coins.
As I have already said it could be close to impossible wait some minutes before you can leave a supermarket Wink since it could be even possible a double spend

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September 14, 2020, 10:35:59 PM
 #165

Whether you can wait or not, you have to. And it is far from possible that something like this will happen in the near future or will happen at all. By the way, in some countries, such as the Philippines, I think this innovation will be one of the first.
So all you need to do is move to another country. As for the more developed countries, banking and financial regulators cannot afford to let cryptocurrency into everyday life so easily.


So are you telling us that Philippines will have stores or shops that will directly accept bitcoin or crypto, no other third party involved?

I think the major hurdle when it comes to bitcoin transaction is if the store needs to wait at least 1 confirmation, so the customer should use higher fees to get it thru fast. Otherwise, he will be waiting for hours just to go thru his transaction. Or better yet, use other alts like xrp, which has very low tx fee and it is pretty fast as well.

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September 14, 2020, 11:45:55 PM
 #166

Accepting Bitcoin is just optional for now and we can never tell which country has fully accepted Bitcoin at their supermarket or even in the big establishment. Not this time but for sure, there is a moment to come that Bitcoin is being used the majorities. There are still things needed to fixed before finally welcoming it and one of these things is SPEED, which we probably need an instant confirmation. Yeah, it just crazy to long a few minutes to confirm a single transaction and that it was not favorable to all users.

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September 15, 2020, 02:49:16 AM
 #167

Accepting Bitcoin is just optional for now and we can never tell which country has fully accepted Bitcoin at their supermarket or even in the big establishment. Not this time but for sure, there is a moment to come that Bitcoin is being used the majorities. There are still things needed to fixed before finally welcoming it and one of these things is SPEED, which we probably need an instant confirmation. Yeah, it just crazy to long a few minutes to confirm a single transaction and that it was not favorable to all users.

Instant confirmation is not possible with Bitcoin and you need a third-party payment gateway for that (such as BitPay). It similar to making payments with fiat cash, using PayPal or Visa. Direct payments cause unwanted complexities for both the merchant and the customer, in the form of taxation and market volatility. Also, no one will be willing to wait for 10-20 minutes, just to get a confirmation.



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September 15, 2020, 07:53:10 AM
 #168

Exactly. I have the same feeling with you. I guess, time will come that we can actually enjoy our Bitcoin earning as a whole, especially in spending it in the Supermarket, and even in the public market as payment for groceries and other goods that we need daily.
I think it won't take that long to happen especially that we are now fully digitalized and covid-19 is still around us and we really don't know how long will this virus be vanish completely. Bitcoin payment system is really a big help if this could be implemented.

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September 20, 2020, 09:48:55 PM
 #169

Just a feeling I have. It's all credit cards and dollars and shit.

Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.



There are already many places that accept Bitcoin as a payment method and the number of them continues to increase. I would like to use Bitcoin on as many as possible shops, markets etc. .  But I am not sure about getting paid in Bitcoin on my main job. Because Bitcoin is volatile and I wouldn't be relieved because of that. However, I would like to get paid by Bitcoin on my side jobs and I would keep that money on Bitcoin to make profit.

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September 21, 2020, 09:25:35 AM
 #170

Just a feeling I have. It's all credit cards and dollars and shit.

Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.



Already available in Slovenia through phone.

And basically everywhere with Coinbase VISA card.
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September 21, 2020, 09:39:19 AM
 #171

Accepting Bitcoin is just optional for now and we can never tell which country has fully accepted Bitcoin at their supermarket or even in the big establishment. Not this time but for sure, there is a moment to come that Bitcoin is being used the majorities. There are still things needed to fixed before finally welcoming it and one of these things is SPEED, which we probably need an instant confirmation. Yeah, it just crazy to long a few minutes to confirm a single transaction and that it was not favorable to all users.
You are right about that, Bitcoin is only an optional that the user can choose to process the payment. Supermarkets that accept bitcoin payments are certainly in countries that have legalized bitcoin, for countries that still ban bitcoin this will not be possible. Starbuck some of the biggest fast food stores also provide payment options with bitcoin. Large companies began to adopt bitcoin because they realized that bitcoin technology was able to compete and could develop even better.

Payment speed issues require a third party payment gateway like Bitpay and instant confirmation will cause hassle for merchants and customers as @ bryant.coleman says.

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September 21, 2020, 01:00:42 PM
 #172

Yes that's a good idea but nowadays there are few markets where bitcoin is accepted but if someone wants to use online then so many ways available like bitrefill apps where you can use bitcoin and some other cryptocurrency to buy gift voucher and you can also do mobile recharge using cryptocurrency
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September 21, 2020, 03:41:54 PM
 #173

What for? You will get pleasure from this or something? This is likely to happen, but not soon.
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September 21, 2020, 06:07:49 PM
 #174

     Actually, I have seen quite a few with the same concept that you have described. The only problem is that I am not sure about the legitimacy of the ones I saw that offer such service since I never experienced using these kind of services even once since I am quite afraid of being scammed or whatever. Just to be clear though, even if this is the case, I am pretty positive that in the coming years, a lot more will appear and would be 100% legit. Specially when the Bitcoin or any crypto currency in this industry gets more and more known in various parts of the world(more mainstream I think?).

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September 24, 2020, 02:23:27 PM
 #175

If that happened then nobody would be happier than me.  Just think we are doing some shopping from the super shop through bitcoin, we can buy fish and meat from the market.  We are even able to meet all our needs.  What could be better news than this?  I think everyone in this organization is waiting for this news.

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September 24, 2020, 03:58:43 PM
 #176

since I used bitcoin lightning network, I really want to have a real-life transaction with bitcoin.
however, it won't be allowed in my country since bitcoin cant be used as a payment.
but, seriously I love using bitcoin lightning network.
I will use it illegally just for fun though  Grin

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September 26, 2020, 07:11:40 AM
 #177

I Love Bitcoin really. But I can't use it in my country. It is not allowed in my country but I use it though. COC
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September 27, 2020, 07:30:52 PM
 #178

I Reilly Bitcoin  Kiss Kiss Kiss Kiss. But I can't use it in my country. It is not allowed in my country  Embarrassed but I use it though.
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September 27, 2020, 07:49:01 PM
 #179

Btw I don't understand at all what kind of payments users usually mean. If you mean that you'll top up your XAPO balance (for example) and then pay with their card automatically, yeah, it's quick and optimal option but it's very annoying if you plan to go in a supermarket when there are a lot of peoples and queues and then login into your wallet and do payment manually. It will significantly more time if done traditionally but things can be improved if they add an additional screen to show address barcode but again, what happens if user sends with low fee transaction? In this case supermarkets may need a system that will check what's current average tx fee and suggest you a fee to set manually on the screen.

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September 27, 2020, 08:04:06 PM
 #180

I have already payed in a supermarket using bitcoin some years ago. But I used a debit card loaded with some coins.
Or I have sent some coins to a friend that was paying for me in cash.
I don't think at current status this could be possible, we need LN or other implementation since it could be very hard and expensive pay at groceries with coins (imagine wait for at least 1 confirmation ... :O )

If I remember correctly, I payed some "aperitifs" just with coins... but I was in a bitcoin meetup Tongue it was easy pay there with my crypto.

I never experienced the use of bitcoin in any local market or grocery shop because bitcoin is not being known here much. However i can only use bitcoin at online shops.
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