Crypto Currency acceptance Everywhere

[bakasabo]

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.

What about people being in so much desperate for money, that they accept any payment for their goods or work, they are ready to take every fee on them, just to get some money? Have you though about that? That this is not an acceptance, but a way to survive.

I understand when you buy something expensive with crypto. You want to avoid taxes, or dont want to flash your purchase or trade to authorities. But when you pay $0.30 in crypto, and realize that receiver will lose on network fee, exchange, withdrawal, then it does not 100% look like an acceptance to me.

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[yazher]

People come up with new ideas whenever they know what's currently trending at the moment but the good thing with this gig is he actually gives ignorant people some curiosity about what they are reading and they will gonna ask for more about it or do some research and that's little thing will make the crypto community bigger because what will they find will gonna amaze them for sure. Throughout these years people like this guy have been spreading awareness about the existence of cryptocurrencies so that people will be aware of a good option that could they have with their money.

[kryptqnick]

I don't know about India, but taxation legislation differs from country to country, and enforcement of compliance with such legislation differs as well. In my country, cryptos aren't really taxed yet because the details weren't figured out. Some pay income tax, I think, and some pay property tax, if they really want to make their coins fully 'green', but it's not obligatory. But even with things which are taxed, many ignore it and don't pay taxes because, unless it's like a big business, the authorities won't come after you.

[mayfair_coin]

In India, people have just started to understand cryptocurrency and hope that people understand this, but it is not right for the government to take very heavy tax on it but it will take time for the people of India to understand bitcoin because they have more trust on cash, beacause many people do not transfer digitally.

[cloudfir3e]

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.

if in India there are some shops that accept bitcoin as payment, high taxes are not a problem for shop owners because indeed many countries impose high taxes on crypto.
but if in a country that has not legalized crypto as a legal tender, can an entrepreneur implement payments using bitcoin as a substitute for fiat money.
is it possible that the government in that country will shut up and let business people use bitcoin as a means of payment?

[Issa56]

That's really nice, how I wish I can get somewhere like this in my country where I can spend my bitcoin, am willing to make a purchase one day with bitcoin. In my country I haven't seen any shop or company that's accepting bitcoin probably due to ban that have been placed on accounts that have made cryptocurrency transaction before by the central bank of Nigeria, that's why most people are scared, am sure some shops will still be accepting bitcon probably I don't know about them or maybe they are not close to my location but am sure one day everybody will be able to make transactions with bitcoin.

[ethereumhunter]

Accepting payments using bitcoin will depend on the policies of each country. And if one country prohibits the use of bitcoin or crypto, the people will not be able to use crypto for anything. Maybe in India, they can still use crypto or bitcoin as payment, but that will depend on the regulations in their country. Maybe in India, the presence of crypto is still on the gray side so the regulations are not so strict that they can still use bitcoin, let alone accept payments. But I don't know, but hopefully more offline stores will realize this and start applying crypto as a payment option. And maybe payments must limit how much money they can use to pay in crypto or bitcoin.

[wiss19]

Heavy taxation? Maybe on that country only because I never heard other countries or people complain about this. Cryptos are decentralized and not tied in governments so it shouldn't be taxed. I salute the people on that country because despite of that issue, that didn't stop them to use a crypto for buying something. I even thought that crypto in India was banned already? Or maybe they allow it in exchange of taxing it?

But, I think that is better because at least people can still use it to improve their lives like making a cashless transaction and then it can also work as a hedge to the inflation. Having a store like that which accepts crypto payments makes people aware about crypto. That is a good thing for the adoption.

[Victorik]

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.

Yea. Why this kind of initiative is highly commendable, facts lot still needs to be done. There are still million out there who haven't even heard about cryptocurrency, let alone trade it. So more needs to be done to get the awareness to everywhere in the world.

[wahyuagung26]

Looks very good for the development of Cryptocurrency, with this predictions for the future Cryptocurrency will continue to move forward, although there are some countries that still do not legalize it, but this is not a problem that is too serious, with some developments in the future it looks like there will be some a change from a country to be able to legalize this Cryptocurrency as a digital currency that will be allowed to be used for transactions.

With this programming in several countries and implementing it, I am sure that the future of this cryptocurrency will be very advanced. and I hope this will happen sooner or later.

[AlphaEther]

Not everywhere. Specifically in our country i think there isn't any shop that accepts payment on crypto.

[milewilda]

Not everywhere. Specifically in our country i think there isn't any shop that accepts payment on crypto.

Not all countries in the world are really having that the same perceptions and views or treatment when it comes to bitcoin or entire crypto space which does simply means that you cant really able to
see which this payment options could really be seen which had been accepted and applied into those merchants around whether they arent really that interested or simply they are just trying to avoid
it due to regulation or governance issues which it is really just typical since majority of countries do really restrict or ban out bitcoin or crypto but there are some places on the world which
does really still accept out bitcoin or simply still on neutral phase.It is just people arent really just that confident when it comes to dealing with it.

[Welsh]

Accepting payments using bitcoin will depend on the policies of each country. And if one country prohibits the use of bitcoin or crypto, the people will not be able to use crypto for anything. Maybe in India, they can still use crypto or bitcoin as payment, but that will depend on the regulations in their country. Maybe in India, the presence of crypto is still on the gray side so the regulations are not so strict that they can still use bitcoin, let alone accept payments. But I don't know, but hopefully more offline stores will realize this and start applying crypto as a payment option. And maybe payments must limit how much money they can use to pay in crypto or bitcoin.

It's highly unlikely that all countries will pass such a controversial ruling, that they outright ban Bitcoin for a long period of time. There's just no grounds to submit these sort of rulings. It's likely that more dictatorship, and centralised governments impose these rules, but the people of these governments are probably more likely to ignore these rulings since they're already bypassing several other restrictions put in place by the government.

The thing is, accepting Bitcoin currently only makes sense for big companies that can provide the support that a smaller operation can't. Since Bitcoin is complex, when we do get closer to mainstream adoption, we'll need to significantly simplify the process, otherwise adoption will likely be either very slow, or never happen at all. To be clear, when I say adoption, I mean mass adoption, where we're edging closer to it being one of the officially recognised currencies, and mass used per country, worldwide.

[Russlenat]

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.

Regardless of the existing low price for bitcoin, i guess the adoption for crypto and using it as a payment method is still in progress. Crypto is already inevitable, and we can't stop the people anymore from not being curious on it because crypto is now the trend in this digital age. Even in small businesses, crypto payment is already visible and this picture above is already a proof. As more and more people will be attached to crypto, then its most likely to expect that crypto adoption is already close to its reality.

[Finestream]

There's many countries still ban Bitcoin, how it's possible for other crypto to get accepted? of course they need to wait until Bitcoin fully accepted in the whole countries in this world first.

Exactly.

Countries where Bitcoin is legal and illegal. It will change with time and will be skewed in legal side because more countries will accept Bitcoin. I don't think we will have a future with that more countries will not accept or ban Bitcoin. It is not the trend.

Global adoption, legal tender will be the trend. It won't stop.

Bitcoin aims for the good of everyone so it deserves to be accepted and adopted, and not to be rejected by some anti bitcoin who always think they know everything. Though the government is still in doubt about the potentials of bitcoin, but hopefully in the long run they will be more open on accepting crypto since their purpose is to serve the people and not to be greedy for their own selfish desires. Bitcoin is a currency, so it should be accepted as a legal tender and not just an investment alone.

[Gyfts]

Amidst the heavy taxation on cryptocurrency, the acceptance of cryptocurrencies have been increasing all around.

It's a bit backwards. I've seen institutional investors and general consumers avoid using Bitcoin because of higher taxes associated with crypto. That's not to say there wouldn't be resistance to the government's effort to curtail crypto users -- merely that higher taxes are effective in stopping most, if not all, economic behaviors.

As far as I'm concerned, if the government wants to ban crypto, they can do it. They don't need higher taxes to accomplish their nefarious intent. Increases taxes is the first step. The next step is criminalization.

[ethereumhunter]

Accepting payments using bitcoin will depend on the policies of each country. And if one country prohibits the use of bitcoin or crypto, the people will not be able to use crypto for anything. Maybe in India, they can still use crypto or bitcoin as payment, but that will depend on the regulations in their country. Maybe in India, the presence of crypto is still on the gray side so the regulations are not so strict that they can still use bitcoin, let alone accept payments. But I don't know, but hopefully more offline stores will realize this and start applying crypto as a payment option. And maybe payments must limit how much money they can use to pay in crypto or bitcoin.

It's highly unlikely that all countries will pass such a controversial ruling, that they outright ban Bitcoin for a long period of time. There's just no grounds to submit these sort of rulings. It's likely that more dictatorship, and centralised governments impose these rules, but the people of these governments are probably more likely to ignore these rulings since they're already bypassing several other restrictions put in place by the government.

The thing is, accepting Bitcoin currently only makes sense for big companies that can provide the support that a smaller operation can't. Since Bitcoin is complex, when we do get closer to mainstream adoption, we'll need to significantly simplify the process, otherwise adoption will likely be either very slow, or never happen at all. To be clear, when I say adoption, I mean mass adoption, where we're edging closer to it being one of the officially recognised currencies, and mass used per country, worldwide.

But we have to look at the current reality where many countries still have not decided whether to accept bitcoin or not as a payment option. Meanwhile, for countries that still allow the use of bitcoin, both as a choice of payment instrument and other things, it provides the possibility for bitcoin users to use bitcoin as they should. But it's different if it happens in a country that prohibits bitcoin.

Centralized governments cannot immediately accept bitcoin as a means of payment because they have their own policies and I think if they don't get direct benefits from bitcoin, it will still take a while to see bitcoin being used as a means of payment. Meanwhile, large companies that support bitcoin as an alternative payment or investment cannot be separated from government supervision because laws and policies in their country bind them. But bitcoin still has a great chance to be accepted as one of the currencies of choice by all countries because a single country does not control bitcoin. And to get there will require mainstream adoption that has been taking place starting a few years ago. This adoption will be even faster if the price of bitcoin can increase higher because it will be able to attract the attention of large companies and, of course, the governments of each country.

[wxa7115]

Amidst the heavy taxation on cryptocurrency, the acceptance of cryptocurrencies have been increasing all around.

It's a bit backwards. I've seen institutional investors and general consumers avoid using Bitcoin because of higher taxes associated with crypto. That's not to say there wouldn't be resistance to the government's effort to curtail crypto users -- merely that higher taxes are effective in stopping most, if not all, economic behaviors.

As far as I'm concerned, if the government wants to ban crypto, they can do it. They don't need higher taxes to accomplish their nefarious intent. Increases taxes is the first step. The next step is criminalization.

The option of banning bitcoin is always over the table but it is one that is difficult to use because what kind of argument and they use to justify themselves?

They have tried to use the excuse of criminals adopting cryptocurrencies for nefarious purposes but they have failed to get any traction with those excuses because people are not dumb and they realize what they're trying to do, and the problem is that the longer they delay this the more difficult it is to ban bitcoin because with each passing year it's becoming more popular, so they are opting for the regulation route and so far they had been relatively successful in the implementation of those regulations.

[Rajamuda]

No wonder, indeed this has happened everywhere, but not all corners of the area accept it. They are still considering the risks due to the shortage of crypto, who are easily influenced by various things. We know that we are in a modern era, of course, crypto is one of the things that is often included in more advanced things, and it's about time most people from all over the world know it for all its advantages and disadvantages.

[Natalim]

No wonder, indeed this has happened everywhere, but not all corners of the area accept it. They are still considering the risks due to the shortage of crypto, who are easily influenced by various things. We know that we are in a modern era, of course, crypto is one of the things that is often included in more advanced things, and it's about time most people from all over the world know it for all its advantages and disadvantages.

You say it right and that was because not all countries are adopted Bitcoin nor their people are allowed to do it. We can see Bitcoin accepted in every corner of the government permit to do so. But as long as they don't, nobody will dare to do it and risk their lives otherwise, they got caught, put in jail, and seized all of their cryptos due to illegal transactions.
Even though it was not banned in our country but because there is no announcement considering crypto as a legal tender, this is something difficult and adoption will take so long.