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Author Topic: Crypto Currency acceptance Everywhere  (Read 981 times)
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September 10, 2022, 07:43:54 AM
 #101

 acceptance of cryptocurrency everywhare is not visible in the world of crypto. Because the price of crypto is often not stable. And always fluctuates. And then the current bear market, all cryptocurrencies have depreciated much from their original prices. In such a situation, when all cryptocurrencies are devalued, its use in transactions will lead to losses for owners. Because stablecoins are always use as a currency everywhere.This volatility of cryptocurrencies will always be the biggest rock in their way.And every one would seem to be hesitant to use it everywhere as a currency.

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September 10, 2022, 09:33:19 AM
 #102

acceptance of cryptocurrency everywhare is not visible in the world of crypto. Because the price of crypto is often not stable. And always fluctuates. And then the current bear market, all cryptocurrencies have depreciated much from their original prices. In such a situation, when all cryptocurrencies are devalued, its use in transactions will lead to losses for owners. Because stablecoins are always use as a currency everywhere.This volatility of cryptocurrencies will always be the biggest rock in their way.And every one would seem to be hesitant to use it everywhere as a currency.
If we are talking about stables, then the volatility of the crypto market should not react to them as much as to Bitcoin. If an investor sold some of his bitcoins in a bull market and now he has funds in stablecoins, then he can spend them wherever payments are accepted and he will definitely not be worried about market volatility. Unless he wants to buy bitcoin back now in order to make a profit again in the future.
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September 10, 2022, 09:35:50 PM
 #103

Yeah it's everywhere it is accepted in different countries, and i also notice that it is very popular in social media also here in my country there is a lot of digital wallet that has a convert and swap option to crypto currency, maybe we are not far from the digitalization and soon crypto will be more useable than fiat.


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December 25, 2022, 06:54:21 AM
 #104

I think if we should use crypto currency to do our transaction right now people may see it difficult to use it,especially now that the price is still low to use crypto for will assets what those that have a little assets and the investors it won't be suitable for them but if the price is much stable we can use it sometimes but even crypto we can't just rely on it every time.

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December 25, 2022, 11:53:02 AM
 #105

This is certainly a very remarkable thing for crypto users in the country because they can buy their tea using crypto assets that they already have, and this is a form that the crypto world is growing and the government is already so concerned about digital currencies that they ask for tax payments, and this is a way that is indeed worthy of being supported by the government for the development of the crypto world for the future.

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December 25, 2022, 06:40:56 PM
 #106

This is certainly a very remarkable thing for crypto users in the country because they can buy their tea using crypto assets that they already have, and this is a form that the crypto world is growing and the government is already so concerned about digital currencies that they ask for tax payments, and this is a way that is indeed worthy of being supported by the government for the development of the crypto world for the future.
Cryptocurrency is growing rapidly due it's important function it triggered in the modern era and ease payment. Countries adapting the payment method of cryptocurrency is making an advance step further to eradicate the use of fiat currency. Acceptance of crypto in our present world would have been a dream come true to some certain individuals who are desperate to make it part of their livelihood. Cryptocurrency is the future and government placing high tax on it would only prevent the mediocre set of people from it but the determined ones will always look for a way out.

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December 25, 2022, 07:04:10 PM
 #107

acceptance of cryptocurrency everywhare is not visible in the world of crypto. Because the price of crypto is often not stable. And always fluctuates. And then the current bear market, all cryptocurrencies have depreciated much from their original prices. In such a situation, when all cryptocurrencies are devalued, its use in transactions will lead to losses for owners. Because stablecoins are always use as a currency everywhere.This volatility of cryptocurrencies will always be the biggest rock in their way.And every one would seem to be hesitant to use it everywhere as a currency.
If we are talking about stables, then the volatility of the crypto market should not react to them as much as to Bitcoin. If an investor sold some of his bitcoins in a bull market and now he has funds in stablecoins, then he can spend them wherever payments are accepted and he will definitely not be worried about market volatility. Unless he wants to buy bitcoin back now in order to make a profit again in the future.
For now, I think there is still very little chance of finding a place or country that has legalized cryptocurrencies as legal tender.
Especially in countries that claim that cryptocurrencies are illegal, there are still many country governments who think that cryptocurrencies can drop the value of their fiat currency and can inflate the country's economy.
So it's not an easy matter to be able to spend cryptocurrency anywhere.

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December 25, 2022, 07:39:37 PM
 #108

This is a very positive site to see. but i would like to know more about it. what crypto do they accept and how is it working?
we will see more in the upcoming future. people are starting to accept the new thing as they are becoming bored with the old ones.
hopefully in coming years we can see more like this happening all over the world.
imagine a dude coming to visit you from abroad and doesn't know how much to pay with your local currency. now all he need to do is scan a code and pay with crypto.
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December 26, 2022, 06:43:26 AM
 #109

This is certainly a very remarkable thing for crypto users in the country because they can buy their tea using crypto assets that they already have, and this is a form that the crypto world is growing and the government is already so concerned about digital currencies that they ask for tax payments, and this is a way that is indeed worthy of being supported by the government for the development of the crypto world for the future.
Cryptocurrency is growing rapidly due it's important function it triggered in the modern era and ease payment. Countries adapting the payment method of cryptocurrency is making an advance step further to eradicate the use of fiat currency. Acceptance of crypto in our present world would have been a dream come true to some certain individuals who are desperate to make it part of their livelihood. Cryptocurrency is the future and government placing high tax on it would only prevent the mediocre set of people from it but the determined ones will always look for a way out.
The positive impact of cryptocurrencies around the world has led more and more countries to accept cryptocurrencies for payment, and many small businesses have begun to understand and support the use of it. Cryptocurrency is bright and has potential, it will be accepted and used by more people over time, and it will become legal in more places in the future.
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December 26, 2022, 07:50:09 AM
 #110

Yeah, it's good to see how crypto acceptance is spreading across the world. But I can see it only on the internet, I'm not sure in my country someone will accept is as payment soon.
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December 29, 2022, 11:59:46 PM
 #111

It will be a very nice thing if crypto currency is accepted everywhere just that I'm seeing it on internet and it will be a very easy for transactions across the globe.
Easy to say but it would be hard to be implement, you should consider these factors;

1. Country regulation
2. Bitcoin/Crypto recognition
3. Hesitance of people on engaging on it
4. Not all business owners or establishments can handle volatility

Its good to see if these things could be applied and would see lots of places do accept crypto
as one of their payment option.

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December 30, 2022, 12:55:21 AM
 #112

It will be a very nice thing if crypto currency is accepted everywhere just that I'm seeing it on internet and it will be a very easy for transactions across the globe.
Easy to say but it would be hard to be implement, you should consider these factors;

1. Country regulation
2. Bitcoin/Crypto recognition
3. Hesitance of people on engaging on it
4. Not all business owners or establishments can handle volatility

Its good to see if these things could be applied and would see lots of places do accept crypto
as one of their payment option.
Also, depending the price of the products many customers don't feel confortable in paying with bitcoin, because if they are too cheap like a tea cup, transactions' costs are going to be more expensive than the product itself. The initiative is good, though, and if seller and buyer use a same wallet/exchange provider, there can be the option to send btc from one address to another without paying fees, depending the service used.

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BALIK
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December 30, 2022, 02:13:30 AM
 #113

It will be a very nice thing if crypto currency is accepted everywhere just that I'm seeing it on internet and it will be a very easy for transactions across the globe.
Easy to say but it would be hard to be implement, you should consider these factors;

1. Country regulation
2. Bitcoin/Crypto recognition
3. Hesitance of people on engaging on it
4. Not all business owners or establishments can handle volatility

Its good to see if these things could be applied and would see lots of places do accept crypto
as one of their payment option.
Also, depending the price of the products many customers don't feel confortable in paying with bitcoin, because if they are too cheap like a tea cup, transactions' costs are going to be more expensive than the product itself. The initiative is good, though, and if seller and buyer use a same wallet/exchange provider, there can be the option to send btc from one address to another without paying fees, depending the service used.

I think the biggest barrier is that apart from not being recognized by the government, its volatility is the biggest problem that makes people hesitate to accept and use it. If we buy bitcoin for 50k and the next day the bitcoin price drops to 45k, I believe no one will be brave enough to use bitcoin for payment, no one wants to pay more bitcoin for 1 item, while if you pay in fiat, there is no loss and no extra transaction fees.
A highly volatile asset is more suitable for investment than a payment method.

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