Why aren't people utilising cryptocurrency payment methods?

[fullhdpixel]

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?

There aren't that many things that could be bought with bitcoin, that's the main problem. Usually people end up using "services" for bitcoin and that's a lot better. Like let's say you need a logo designed, and I can design logos, you pay me in crypto and I do a logo for you and that's about it.

If you still think that you want to buy an apple or a banana or pay your electricity bill with crypto then you are going to end up with something like the situation we are in right now, and that means we are not going to really end up with something amazing like paying with bitcoin to everyday stuff. Just hire people with bitcoin and be happy that you can even do that.

[pantek talacuik]

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.

If the government could make a profit for them maybe whatever they would do next. so you better do a very good action for now and see what will happen in the future. if you can save valuable things maybe something big will happen later.

[Markinzo]

Cryptocurrency for many people it's just reserved as a store of value and that's why they feel reserved about their crpto asset and drag foot in using it as a means of exchange while to others the laws that exists within their geographical milieu do not support the use of cryptocurrency such as Bitcoin and this makes them to hoard it hope for when it could be given that acceptance within their milieu by the government of their State.

For other reasons as to why, I can't actually tell yet.

[andriarto]

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.

the main thing is the government's role in relieving it, in the past bitcoin was used as a transaction tool in my country, especially in tourism areas, but finally there was a raid, which forbade it as a means of payment. apart from the negative point of view, of course the government will have many considerations to pass laws, as you mentioned some considerations, such as fluctuations and so on. on the other hand of course many officials do not approve of it, because they can use it for bad purposes, such as money laundering

[adzino]

Because most people don't know how to use bitcoin. They think it is something very complicated. They follow the media and all the media does is spread FUDs. Hence they start thinking that bitcoin is a scam. They think it is not safe to keep or hold bitcoin. I mean look at how many times you will read about that one guy who lost his 7,500 BTC (i have read this seen this same news floating around so many times that I even remember exactly how much bitcoin he lost) and is now searching for it at the landfills.

And then there are countries where the laws about crypto currencies aren't clear and confusing, hence businesses thinks that accepting crypto currencies is some sort of unnecessary risk for them.

[XZERO1]

Why aren't people utilising cryptocurrency payment methods?

Some of it is because of crypto volatility as they have to hold some crypto for a while to pay for stuff with it, and the other reason could be trust issue many people still have with the whole crypto space

Other than that I think ~70% of known online stores now support payment with cryptocurrencies, specially those that sell mostly non-physical products like apps/games and you can now pay with crypto for various online courses that are available these days, Knowing how easy it is to use crypto as a payment method it shouldn't take that long till people realize the potential and convenience that comes with it and adopt it as their main method of payment.

[FlamingFingers]

I have seen lots of people complaining about the volatility of the market that it's the reason why they don't want to be accepting cryptocurrency as means of payment, I tend to agree with them, because let's assume you accept bitcoin or ethereum up to $10k and the next day a sharp decline of about 10% occurs, that's a huge loss on the trader side, and when you get to explain to them about usdt and busd they will want to stick to the fact that its bitcoin that they can only accept

[pantek talacuik]

I have seen lots of people complaining about the volatility of the market that it's the reason why they don't want to be accepting cryptocurrency as means of payment, I tend to agree with them, because let's assume you accept bitcoin or ethereum up to $10k and the next day a sharp decline of about 10% occurs, that's a huge loss on the trader side, and when you get to explain to them about usdt and busd they will want to stick to the fact that its bitcoin that they can only accept

One makes virtual currency unable to become a real currency in any of the countries until recently. There are many things to consider to get it. maybe someday it will all happen.

[famososMuertos]

Throughout the time that I have been using bitcoin and in my stay ( forum) it is common to read your OP, there is a problem that is repeated and some users are repeated, the adoption based on the fact that it is not used in this and another way, that if they are few, that if people hodl and don't spend bitcoin, blah blah.  But what's wrong with that, what or who measures whether the adoption is on the right track.

When it is perhaps the opposite, as it is or as it works, it is better than one would even expect, look at the market or the volumes that are handled, look at how bitcoin is talked about in the economic plane, not  is "the strange currency".

Bitcoin is used! people pay for goods and services directly and indirectly, so why always is there has to be qualify it, there is no comparison except to do it with Fiat and that tendency to look at these equivalences are guides but not determinants.

Bitcoin is used what has to be used and is having unprecedented success, there did not exist and for now there is no similar crypto, although there are others, but for now they are part of the ecosystem that governs bitcoin and that is important, well it is the niche to which bitcoin belongs.

 So I would be worried that those who are using bitcoin stop using it, because they use Fiat in its entirety, if you spend a satochi, well done, if you save a satochi, well done, if others do not use it, nothing happens, they will have to use it in at some point and if they don't it doesn't matter, the bitcoin market can afford it.