Crypto Currency acceptance Everywhere

[bitzizzix]

This is an excellent initiative to make cryptocurrencies an alternative means of payment to pay for a cup of tea or other menu item, and I had previously heard of coffee shops accepting payment for a cup of coffee.
Tea and coffee are our friends in any situation and also liked by teenagers to relax and also discuss, and most cryptocurrency users are teenagers and can be a place for them to gather and discuss and exchange ideas about cryptocurrency while enjoying a cup of tea and being able to pay for it with cryptocurrencies.
and if it's in my place for sure I will visit it because I like tea and coffee and will pay for it with cryptocurrency and besides that it can introduce cryptocurrency to people who don't know it and know its function other than investment.

[eaLiTy]

Amidst the heavy taxation on cryptocurrency, the acceptance of cryptocurrencies have been increasing all around. A fine example for the same is the acceptance of cryptocurrencies by this street chai (tea) Shop accepting cryptocurrency. This is located in Bangalore which is one among the IT City of India. Hope this creates awareness and increase of usage among Indians.

How i view things is that, how many vendors in the entire Bangalore is accepting cryptocurrency. It is a IT City but majority of the shops does not accept cryptocurrencies as far as i know and a street vendor accepting cryptocurrency has become a news worthy article. Hope he gets more business with this publicity and since you mentioned high taxation, i wanted to know whether the street vendor is accepting the correct amount or it includes the tax  .

[Jeger.Kiting]

Amidst the heavy taxation on cryptocurrency, the acceptance of cryptocurrencies have been increasing all around. A fine example for the same is the acceptance of cryptocurrencies by this street chai (tea) Shop accepting cryptocurrency. This is located in Bangalore which is one among the IT City of India. Hope this creates awareness and increase of usage among Indians.

Very lucky for small traders like this, selling tea and accepting payments with crypto. I see situations in some countries that still don't allow everyone to use crypto, especially for small traders like this, this should be an example for countries that prohibit crypto from being used in their country. Hopefully all countries that do not allow crypto realize how important crypto is to strengthen the economy in their own country for a better future.

[spiker777]

Is the area a tourist? Because the value in US dollars is rarely put in the popular markets, which is shown in the background of the image.
The price of coffee is less than a dollar so it would be great if there was a lightning network payment option but it is good to see more daily use rather than speculating in these currencies.
If you use social media, this person will get more visitors.

you can see the price is stated in $ and in Indian rupeez both. $0.3 is stated equal to 20 indian rupeez. and yes banglore is a pretty famous tourist destination in India.  plus it is a technology hub of india. millions of people are there doing jobs and streets are full with people every time. this Team seller is very smart to accept Crypto as a payment for his tea. and it'll surely attract a lot of people.
hopefully more wonders and business also adopt bitcoin and crypto like this young man all over the world.

[livingfree]

Correct me guys if this wrong.

Isn't it that a person there will only be taxed if he exchanges his crypto into fiat? That goes where the profit from crypto goes if an individual exchanges his crypto into cash, right?

Well, with or without taxation. The adoption of cryptocurrency acceptance is inevitable and no government can stop that even if they imply huge taxation or bannable offense, they just can't stop the community since it's everywhere in the world.

[Republikcoin.com]

If I remember correctly, Mastercard has announced a new trading agreement. They announced that payments can be made with cryptocurrencies. People cannot give up on this technology. If not today, it will be tomorrow. This agreement of Mastercaard is very important.

It is an additional option for current mastercard users because previously it was not in mastercard. But with the addition of these options in the mastercard, mastercard users have made it easier with the presence of payment options for cryptocurrency into it. I am also very happy to see the development of cryptocurrencies that have collaborated with mastercard so that the use of cryptocurrencies will automatically increase over time when mastercard users are those who already know about cryptocurrencies.

[Poker Player]

To me threads like this, and we've seen a few lately, make me wonder if there is significant street level adoption happening in poor countries or is it just that people on the forum when they see something open a thread about it.

The other day I went to a burger place and saw that you could pay with Bitcoin and 3 alts, but I didn't open a thread about it, even though it's not common where I live.

Correct me guys if this wrong.

Isn't it that a person there will only be taxed if he exchanges his crypto into fiat? That goes where the profit from crypto goes if an individual exchanges his crypto into cash, right?

I correct you: in general paying with Bitcoin is considered for tax purposes as selling bitcoin.

[marsrover444]

Question I guess, if people would be still willing to transact using crypto, especially at this point wherein the market is still down. What's likely to happen is that users, especially investors, won't prefer using theur assets to buy things. But the idea or thought is there -- adaptation. Given how unstable the situation is, I think it will be still a long run before fiat and crypto coexist on a daily basis. It is just amazing how crypto related ideas are being raised for awareness to those who are not knowledgeable into it yet.

Well the down market has damped peoples enthusiasm as of now. But as we all know crypto is going to come back roaring soon. But yes rather than spending their crypto people are preferring hodling them waiting for a raging bull run soon in the near future.
In my opinion it is a bad idea to transact with your crypto now.

[DaveF]

The issue I really see is that most people are not running their businesses properly and if they took BTC / crypto would just use a gateway like BitPay / Conbase to flip it straight to fiat and then to their bank accounts. All it would do it churn the coins.

What we need are more larger institutions to take BTC and work down from there. If your landlord / power company / insurance company / whatever take BTC.
It would then work it's way down to the smaller businesses.

Just my view.

-Dave

[kamvreto]

The issue I really see is that most people are not running their businesses properly and if they took BTC / crypto would just use a gateway like BitPay / Conbase to flip it straight to fiat and then to their bank accounts. All it would do it churn the coins.

What we need are more larger institutions to take BTC and work down from there. If your landlord / power company / insurance company / whatever take BTC.
It would then work it's way down to the smaller businesses.

Just my view.

-Dave

which in essence they only adopted the outer layer, not completely. so some people who run businesses that accept bitcoins just use the gateway. Crypto is just an intermediary that will make no difference to fiat Digital. no adoption is truly universal adoption. big companies will still think about accepting bitcoin fully, they know the risks involved and it also depends on how the regulations are applied, because each country provides different regulations.
small businesses also require faster returns and also transactions made must be fast and inexpensive. such as the development of the bitcoin lightning network which is the best solution for small retail payments.

[Mahiyammahi]

It's good to see. I wants to do the same if crypto get accepted on my country . My plan is to create a crypto project which should have usecase in real life. I wants to open few shops in primary section and accept crypto also a payment getway only accepted by me. My own coin which will be accepted to buy my products with good deals. If this goes well I will spread my project into something big. My goal id like Avalancer project. I'm waiting for to be acccepted by my governor

[Xxmodded]

Bitcoin have been accepted every where but still with small companies right now make bitcoin as alternative payment digital currency. I know with small project could help bitcoin will be popular after accepting every where, but need many store and company accepted bitcoin for giving price effect. But if have bigger company or project want to accept bitcoin as payment digital currency I tjink drastically give bigger impact and make bitcoin can reach to higher price. I have planning witb my store for accepting bitcoin as payment transaction but still think what the best wallet kind use for my store.

[piebeyb]

maybe in some small countries there seem to be some who accept crypto payments usually not in big cities and only in a village or far from the city, in my country even in big cities it is forbidden to make buying and selling transactions with bitcoin anything except using currency official fiat from my country, so I have to comply even though investing in crypto is not prohibited in my country

whatever it is I also hope that in my country I can freely transact using crypto money to buy something for real or just buy a cup of coffee in the future

[livingfree]

Correct me guys if this wrong.

Isn't it that a person there will only be taxed if he exchanges his crypto into fiat? That goes where the profit from crypto goes if an individual exchanges his crypto into cash, right?

I correct you: in general paying with Bitcoin is considered for tax purposes as selling bitcoin.

Oh, thanks.

Yeah, right as long as it's been used for buying it's already considered for taxation.

It's good to see. I wants to do the same if crypto get accepted on my country . My plan is to create a crypto project which should have usecase in real life. I wants to open few shops in primary section and accept crypto also a payment getway only accepted by me. My own coin which will be accepted to buy my products with good deals. If this goes well I will spread my project into something big. My goal id like Avalancer project. I'm waiting for to be acccepted by my governor

If you want that to happen, bitcoin is already enough as your main cryptocurrency to be accepted and you're going to contribute a lot from there. Too many projects are already there with the same plans and use cases ready to be deployed.

But nothing beats the acceptance and adoption for bitcoin.

[TelolettOm]

Amidst the heavy taxation on cryptocurrency, the acceptance of cryptocurrencies have been increasing all around. A fine example for the same is the acceptance of cryptocurrencies by this street chai (tea) Shop accepting cryptocurrency. This is located in Bangalore which is one among the IT City of India. Hope this creates awareness and increase of usage among Indians.

How i view things is that, how many vendors in the entire Bangalore is accepting cryptocurrency. It is a IT City but majority of the shops does not accept cryptocurrencies as far as i know and a street vendor accepting cryptocurrency has become a news worthy article. Hope he gets more business with this publicity and since you mentioned high taxation, i wanted to know whether the street vendor is accepting the correct amount or it includes the tax  .

I think these are only a few of them that accepts cryptocurrency, moreover, if this is related to the crypto regulation in the country, of course, this is less enough. However, at least, he is one of those who are brave enough to accept crypto, moreover in a shop like that. This may be very unusual if we are looking at what he is selling. It is based on individual acceptance and not sure enough whether it has been working very well or not. But at least again, he is trying. It will be very good enough if there are many more merchants who can really accept.

[Duzter]

I think these are only a few of them that accepts cryptocurrency, moreover, if this is related to the crypto regulation in the country, of course, this is less enough. However, at least, he is one of those who are brave enough to accept crypto, moreover in a shop like that. This may be very unusual if we are looking at what he is selling. It is based on individual acceptance and not sure enough whether it has been working very well or not. But at least again, he is trying. It will be very good enough if there are many more merchants who can really accept.

The country isn't gonna make any direct announcement about the legality, because they fear it can bring down the revenue. Indirectly they've announced it can be used on one's risk with the taxation over cryptocurrency. This looks like a simple try and if I'm not wrong he isn't limited to any specific cryptocurrency, he accepts everything. For now this won't be working well enough, because equal to the price of a coffee people won't think of paying fee. This helps well with creating awareness.

[Retiicle]

Indeed it’s good to see such posts that make us hopeful for a future where crypto currencies will be freely accepted by everyone alike. I think many of the uncertainties and doubts regarding the value of crypto currencies can be easily solved if many more people came forward and took steps like the street vendors here.

[bluebit25]

We still hear about some small or large cases that are somehow favoring BTC adoption, but the reality is that there are a lot of hurdles surrounding them as well. I think the process of popularizing BTC still needs more time, but overall, after many years of knowing it, I have to admit that it has undergone a big transformation and change. when a lot of people know about it and see a positive direction with this market.

[spiker777]

The issue I really see is that most people are not running their businesses properly and if they took BTC / crypto would just use a gateway like BitPay / Conbase to flip it straight to fiat and then to their bank accounts. All it would do it churn the coins.

that's necessary to do for them because they can't reuse bitcoin or crypto itself for their personal and business need. they eventually need to convert the crypto to fiat cash in order to purchase stuffs for their shop or food for their family. working around with bitcoin or crypto only without involving fiat is only possible if Crytpo become acceptable everywhere. which we hope happen sometime but for now. we are all forced to sell our crypto for cash in order to sustain ourselves.
even if you and me earn some crypto we eventually will have to sell those crypto to cash and then we can buy regular stuffs. because we can't buy regular stuffs with crypto itself.

[Dr.Osh]

This is a pretty good development, that nowadays many small businesses are also accepting crypto as a payment alternative. this happens because many people have realized that this is a profitable thing and not at all detrimental. sometimes people just want to do real transactions from crypto, and many small entrepreneurs are aware of that. I hope, this can also be one of the positive things that trigger greater development of the crypto world.