Why aren't people utilising cryptocurrency payment methods?

[coupable]

I do not know where the idea came to the author of the topic that people do not use crypto for daily transactions.
Almost everyone uses it as long as they are allowed to do so. The laws in most countries do not allow crypto transactions, so these transactions are hidden, that is, outside the official frameworks, so they are not noticed. If you can join Facebook and Discord groups in local groups, you will see a huge amount of money being traded through crypto .

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[Vaculin]

It's mostly a matter of regulation, but there's bound to be a lot of other things that would cause it to not be used. I don't think traders really want to use bitcoin as a means of payment, that just doesn't seem right considering they just want to profit from the trades they make. Trader are the smallest in terms of adoption, they do not use bitcoin as a means of payment although in some cases some of them can use it for certain services.

The risk of volatility is the most talked about thing when one talks about the adoption of bitcoin as a means of payment. I can justify that, and by far it has been the most influencing factor for bitcoin adopters out there even in countries that have legalized bitcoin as a means of payment like El Salvador.

Having volatility issues is one thing that doubt others to use bitcoin as a payment method because it’s price keeps on changing and is never fixed. And to think that bitcoin is much better when used as an investment rather than spending it like fiat, then it’s not surprising that most traders would want to hold and trade it later since they will surely benefit huge profits from it.

[Frengki_cisco]

Why aren't people utilising cryptocurrency payment methods? Without it, the adoption would never be able to realise its full potential.

I think there are many problems why people don't use payment methods in crypto, maybe it could be an obstacle from the local government, people don't believe in crypto, it might be difficult to make transactions and maybe many other reasons.

But for me and I'm sure that someday many will do it, considering technology and future developments, crypto can be the main thing in making transactions.

[uneng]

Why aren't people utilising cryptocurrency payment methods? Without it, the adoption would never be able to realise its full potential.

True, but people still fear, don't understand or believe they don't need cryptocurrency. That is why adoption isn't skyrocketing.

Some people, however, are taking advantage of the cashback chances offered by cryptocurrencies and cryptocurrency cards. I realise that cryptocurrencies and blockchain are only a small portion of the public, but why are those who are currently interested not using bitcoin for payment?

Personally I don't use bitcoin for payments because it's not possible. Even using crypto cards I still have to convert crypto to fiat first in order to make purchases through debit card. Cashback, however, is paid in crypto.

So, do you use cryptocurrency or crypto cards? What are your thoughts on it if you use it? If not, what's the deal?

Yes, I use it because crypto cards are accessible and practical for people who want to go beyond the traditional banking system, while not losing the contact with the reality of daily life. It's not ideal yet, because you have to keep exchanging fiat to crypto and crypto to fiat too frequently while also managing different wallets inside your account, but that is ok, since there are no maintenance fees for the account or for the debit card. Moreover, we have cashback. Those features are superior to every ones offered by fiat banks I'm aware about in my area.

[bitzizzix]

The main reason I don't use bitcoin as a transaction tool is because it's prohibited by the government and there are no shops or anything that uses bitcoin as a payment method, but that doesn't mean bitcoin can't be used as an alternative payment.
although bitcoin is a very good investment and profitable instead of using it as a means of payment, we can use it secretly or can also use it unexpectedly which can really help us in unexpected situations like what I experienced here:
https://bitcointalk.org/index.php?topic=5401052.0#msg60271061
and this incident was unexpected and helped me a lot.

[JollyGood]

If the price is fixed to Bitcoin and not to fiat then it changes the equation a little bit but there will always be volatility in crypto and you are right these things matter to those using crypto or newbies that are considering using crypto.

I think the OP was interested in knowing about using it as  a method of payment rather than use it as a tool for holding or investing.

Having volatility issues is one thing that doubt others to use bitcoin as a payment method because it’s price keeps on changing and is never fixed. And to think that bitcoin is much better when used as an investment rather than spending it like fiat, then it’s not surprising that most traders would want to hold and trade it later since they will surely benefit huge profits from it.

[gloeng]

Maybe because of UX, UI, trust, ease of access, lack of regulations...

What's your take? Not only in payments, but also for personal investments. There are a lot of barriers to entry still, for the "average joe", and I think trust is key to access, for example, the Defi space and investing in these products.

That's true. I agree with those barriers to entry, but especially with the lack of education to access Defi.
The Rebus project https://twitter.com/RebusChain in the cosmos ecosystem is working on making Defi mainstream, by bridging Trad and Defi.

[Pujangga]

the thing that makes people immediately switch to cryptocurrencies payment modes is that it is easy to use, safe, and of course has added value, in my opinion these 3 things we can't get in cryptocurrencies, for example is convenience, of course, not everyone has time to fill up wallet balances because they have to trade.

[Quidat]

the thing that makes people immediately switch to cryptocurrencies payment modes is that it is easy to use, safe, and of course has added value, in my opinion these 3 things we can't get in cryptocurrencies, for example is convenience, of course, not everyone has time to fill up wallet balances because they have to trade.

Plus having that main problem about;

volatility
regulation
too technical for others to understanda
no merchants been offering around

You could really see that there are con's and disadvantages on some point which fiat could only do and this is why it would really be just
still remaining as an alternative payment option and wont really be able to replace fiat currency anytime soon and this is the reality.

[S3300]

This is something that can't be forced on or rushed, if truly digital payment is going go take over Fiat it's going to be a long process, remember, government a and powerful entities are benefitting from Fiat, same thing must happen with crypto that's why they want regulation.

[BitcoinPanther]

I do not know where the idea came to the author of the topic that people do not use crypto for daily transactions.
Almost everyone uses it as long as they are allowed to do so. The laws in most countries do not allow crypto transactions, so these transactions are hidden, that is, outside the official frameworks, so they are not noticed. If you can join Facebook and Discord groups in local groups, you will see a huge amount of money being traded through crypto .

The thing is only a few use crypto in their daily transaction.  Even though many of us are involved in cryptocurrency, we do not use cryptocurrency in our daily transaction simply because the availability for crypto payment is limited.  Just for example, water and electric bill are paid in fiat currency, you can only use crypto to pay it if you use a third party payment system, still at the end line, fiat currency is paid to the provider.

[JollyGood]

You are right when you say that governments benefit from fiat. It is clear because it is their basis for trading and addressing their investments, loans and GDP. Eventually crypto will be incorporated further and further in the mainstream finance world but as with anything new it will take time to be accepted widely while those with other interests try to prolong the inevitable.

This is something that can't be forced on or rushed, if truly digital payment is going go take over Fiat it's going to be a long process, remember, government a and powerful entities are benefitting from Fiat, same thing must happen with crypto that's why they want regulation.

[Razmirraz]

Why aren't people utilising cryptocurrency payment methods? Without it, the adoption would never be able to realise its full potential.

Bitcoin is not a currency or legal tender in some countries, for that reason some people do not make transactions using Cryptocurrencies.

although the legality is still gray in some countries, but there are some places that have accepted Cryptocurrency (Bitcoin) as a legal currency for transactions. As did the University of Nicosia, Cyprus, which became the first university to accept Bitcoin for tuition payments. Not only that, the emergence of the Bitcoin Automatic Teller Machine (ATM) is proof that public interest is still very high to make transactions using Bitcoin.

There are always two sides (positive and negative) to everything about Bitcoin that has managed to take the world by storm. Let's take the positive side in the midst of the debate over the legality of Bitcoin, because there are so many Bitcoin users today, it has even become a trend in making transactions as a means of payment.

[radjie]

Why aren't people utilising cryptocurrency payment methods? Without it, the adoption would never be able to realise its full potential.

legality is the main factor why payments using Bitcoin or cryptocurrency cannot be used by most people, because Bitcoin is not a centralized currency so there are still many pros and cons regarding its function.

[noorman0]

The terror of sanctions has always worried me. Something taboo can instantly go viral in my country and including bitcoin is still not common in underdeveloped areas. I just don't want the authorities to suddenly come and crack down on my shop for secretly accepting bitcoins thanks to people's posts on social media. This has happened in the past.

[DrBeer]

Let me ask a simple question, and the answers will actually show why cryptocurrencies in the form they are now will never become a mass means of payment:
List the ADVANTAGES and DISADVANTAGES of cryptocurrency?
Everything is very simple ! Supporters of cryptocurrency as a means of daily settlements will now answer the question themselves - why their dream is not destined to come true, given today's realities
Only condition - let's write honestly, do not forget about the shortcomings and write about them honestly!

[Mate2237]

Why aren't people utilising cryptocurrency payment methods? Without it, the adoption would never be able to realise its full potential.

The crypto payment industry is continually growing. Nonetheless, recognition is not at the top of the list. As is customary, there are Bitcoin maximalists who refuse to spend their cryptocurrency on things.

Some people, however, are taking advantage of the cashback chances offered by cryptocurrencies and cryptocurrency cards. I realise that cryptocurrencies and blockchain are only a small portion of the public, but why are those who are currently interested not using bitcoin for payment?

So, do you use cryptocurrency or crypto cards? What are your thoughts on it if you use it? If not, what's the deal?

Accepting Cryptocurruncy as a payment system for individual is by personal choice if the national government has not adopted as the general payment method. Accepting bitcoin as a payment system by individual has nothing to do with the adoption of bitcoin. Let me tell you if government approve the uses of bitcoin in all businesses in the country. Bitcoin adoption will be on it own growing to its maximum potential. Bitcoin will grow on its own if only the state governments approve it. Even though they did not, bitcoin will still grow.

[Rockstarguy]

I do not know where the idea came to the author of the topic that people do not use crypto for daily transactions.
Almost everyone uses it as long as they are allowed to do so. The laws in most countries do not allow crypto transactions, so these transactions are hidden, that is, outside the official frameworks, so they are not noticed. If you can join Facebook and Discord groups in local groups, you will see a huge amount of money being traded through crypto .

I think Op is referring why cryptocurrency is not being used so common maybe just like the fiat,  he forgot that many countries cryptocurrency is restricted from citizens to use it and anyone found that goes against the law can be punished. Their are people who are ready to spend cryptocurrency to purchase things but most business people don't accept cryptocurrency. The reason why people don't normally spend cryptocurrency is because they see cryptocurrency more as an asset just a currency,  they prefer to invest it for a long time  than to spend  it.

[Webetcoins]

the thing that makes people immediately switch to cryptocurrencies payment modes is that it is easy to use, safe, and of course has added value, in my opinion these 3 things we can't get in cryptocurrencies, for example is convenience, of course, not everyone has time to fill up wallet balances because they have to trade.

No mate, they did not switch immediately because by the time cryptos came out, people are doubting about it and they think it was only a scam or a criminals money because it is being used the most in the dark market for illegal transactions.

It takes a long time before those doubts have cleared out but still not all that embrace cryptos are using it for payment purposes, this is why the op complains. He also sees that the majority of the crypto users are only after on its volatility feature or earning capabilities. Maybe once their countries have made cryptos a legal tender, that would encourage them to try and use their cryptos as a currency.

[sulendra12]

Why aren't people utilising cryptocurrency payment methods? Without it, the adoption would never be able to realise its full potential.

They think it would take lot of effort and they also think that Bitcoin is for tech-nerdy and also people thinks that Bitcoin is being used for some illegal stuff therefore it's bad to use and many more reason to go.
Accepting cryptocurrency as payment method isn't that easy to do, you have to make sure that everything is going according to plan such as the fees, price volatile, etc. There were big merchants for example Steam accepted Bitcoin as the method but immediately removed it sooner because of the price volatile, so you have to take an account for that.