coolcoinz
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July 28, 2023, 02:47:48 PM |
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Good to hear, although I'm not planning to get an EV anytime soon. IMO they suck at the current state of technology. I'd rather see LN integrated into public communication all around the world so we can buy tickets anonymously, without using bank cards. thanks to Lightening Network
It is Lightning Network. halving - halvening , lightning - lightening. Analogy is a powerful process ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Sayeds56
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stead.builders
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July 28, 2023, 03:02:03 PM |
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The more businesses begin to integrate crypto payment in their daily activities, the more we see real progress regarding the entire concept. As of today, over 60,000 electric vehicle charging stations now accept Bitcoin across Europe, thanks to Lightening Network (source: https://mycryptowallet.com.au/news/bitcoin/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/). Many businesses are also joining this trend as they realise the advantages offered by this amazing technology. Gradually, we will see even deeper penetration of Bitcoin and cryptocurrency at large. It is a very positive news that Bitcoin payment system is being integrated for daily business activities. This development demonstrates the progress of Bitcoin adoption that all Bitcoin enthusiasts have been eagerly striving for since years. It would be beneficial to use Bitcoin lightening network for small business owners and retailer to keep cost of transactions minimal, for both the businesses and customers.
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Latviand
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July 28, 2023, 03:26:15 PM |
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~
Cant disagree with that but for the sake of adoption it would be best to have more options isnt it? Of course Im talking about top projects only like ethereum. Its not like bitcoin will be forever on the top, no one can assure that as the ball is round and it could lead to somewhere in the future. Who knows what tech or innovation some altcoin can totally overtake bitcoin in terms of every aspect it has to offer. As I've said, most of them are coattail riders which means that they're going to be successful or will benefit from the ever growing success of bitcoin plus it's business integration so I believe that bitcoin is enough representative for crypto payments and it's always not just bitcoin when crypto is integrated anyways. Oh man, let me tell you regarding being on top, I don't think bitcoin's going to be dethroned ever, the supply that it have compared to other crypto out there is unparalleled at how low it is so I don't think anyone will get close plus the demand of bitcoin increases first before any other crypto because bitcoin is the poster boy/girl of digital currencies. Tech wise, I don't think there's much any altcoin do to make them unique, bitcoin essentially covered the bases of what a digital money should be and anything additional is just to make it more complicated. A lot of altcoin will say they're different when they've just worded some tech mumbo jumbo in a different kind of way and used a synonym to that so-called "what's unique about X crypto".
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CryptSafe
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July 28, 2023, 03:36:58 PM |
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Bitcoin awareness and full scale massive adoption has always been the goal. I am not surprised to see such happen at such a speed. If businesses can start integrating Bitcoin payment into their payment schedule then I believe that there would be a shake up across all boards and industries in the European nations. I was wondering about other nations that are yet to integrate Bitcoin payment system not to making it legal in their various nations. As other nations advance in technology and always making more revenue from the new Tech they have adopted are fast growing other nations would be there being naive about new technology which would be of great benefit to them.
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ZAINmalik75
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July 28, 2023, 06:18:27 PM |
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I totally agreed with your points, that the true potential of BTC lies in the use cases it have. I did not know that car's fueling is not getting payed by BTC. Because 1 or 2 months back when the ordinal problem was raised then most of the news representing that, many vendors and merchants are living the usage of BTC as payment. If Big merchant and vendors were leaving the usage of BTC as payment then why small Shopkeeper will use it.
I read few topics here regarding this issue, but the whole thing is, now that issue is also resolved over time when the congestion in the network reduced. I can also see many new platforms are keep coming basically based on the BTC for stronger grip and trust in the market. I hope such projects will keep coming and never betray there users for small money.
Because there legitimacy will increase the adoption of BTC.
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teosanru
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July 28, 2023, 06:24:15 PM |
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The more businesses begin to integrate crypto payment in their daily activities, the more we see real progress regarding the entire concept. As of today, over 60,000 electric vehicle charging stations now accept Bitcoin across Europe, thanks to Lightening Network (source: https://mycryptowallet.com.au/news/bitcoin/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/). Many businesses are also joining this trend as they realise the advantages offered by this amazing technology. Gradually, we will see even deeper penetration of Bitcoin and cryptocurrency at large. But I think gradually the use case has that very basic problem that when the number of users increase, scaling issues begin at a very big level. The fees go high and then the time of transaction goes high as well. If both these things happen then how can you expect an actual use case from such a thing?
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Sim_card
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July 28, 2023, 08:44:48 PM |
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Thanks to the Lightning Network which has aided the fast transaction when using bitcoin for payment. What I understand is that bitcoin adoption is increase as the time passes on and more people will adopt bitcoin. That is when we can see the price to be very high and by then there will be no valuable assest that one will use to compare bitcoin. Those countries that are yet to adopt bitcoin will have no option than to accept bitcoin and legalise it,so that they won't be left out. We can see in Europe about the 60,000 EV stations that will be using bitcoin as payment. This is a good news.
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The Cryptovator
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July 28, 2023, 09:12:14 PM |
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Topic title is pretty interested, Absolutely, I agree with you. The beauty of Bitcoin lies not only in its use case as a decentralized digital currency but also in its potential for global transactions. Being able to send Bitcoin worldwide as a payment method, similar to how we send money through the banking system, opens up new possibilities for cross-border transactions and financial inclusion. Additionally, businesses accepting Bitcoin as a payment method can also contribute to its widespread adoption and utility.
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Oasisman
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July 28, 2023, 09:19:14 PM |
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The figure of 60,000 EV is not the actual number or that works, but rather out of a total of 60,000, there are a number of stations in the experimental stages, and according to the article, the number is 8898 that were experimental, however, there are no confirmations regarding the real residences and whether they are accurate.
Good catch, I did not look at the article, but this is what I was thinking. These numbers aren't really accurate everytime there's a report about bitcoin adoption and it's expanding uses, but most of the new businesses that accepts crypto or bitcoin payments are all in an experimental phase. Though it's still a good thing for bitcoin ecosystem, but we all just can hope that it works for their businesses. I'm kind of positive there are more to follow, especially when a lot of people are using the lightning network, it will make the transactions a lot more easier than before.
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imamusma
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July 28, 2023, 09:57:11 PM |
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Topic title is pretty interested, Absolutely, I agree with you. The beauty of Bitcoin lies not only in its use case as a decentralized digital currency but also in its potential for global transactions. Being able to send Bitcoin worldwide as a payment method, similar to how we send money through the banking system, opens up new possibilities for cross-border transactions and financial inclusion. Additionally, businesses accepting Bitcoin as a payment method can also contribute to its widespread adoption and utility. Adoption and actual use cases of bitcoin are expected to increase day by day in a gradual manner. That would surely make bitcoin even more likely to become the adopted global payment tender even if it is still just an alternative option for the average person. If European countries have legalized bitcoin as a legal means of payment, then of course the positive impact will be increased adoption in various countries both in Asia and America. I'm sure bitcoin adoption and actual use cases will continue to grow, but may never be able to record everything as some people are still in hiding due to bans or restrictions. Bitcoin has never differentiated fees costs even if we want to send it to different countries, the transaction fees will remain the same based on the needs of each user.
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serjent05
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July 28, 2023, 09:57:36 PM |
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The more businesses begin to integrate crypto payment in their daily activities, the more we see real progress regarding the entire concept. As of today, over 60,000 electric vehicle charging stations now accept Bitcoin across Europe, thanks to Lightening Network (source: https://mycryptowallet.com.au/news/bitcoin/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/). Many businesses are also joining this trend as they realise the advantages offered by this amazing technology. Gradually, we will see even deeper penetration of Bitcoin and cryptocurrency at large. Every technologies beauty is on its use case. Technology is worthless if it can't have its real-life uses. That does not excuse Bitcoin. Bitcoin needs to be integrated in different applications and be adopted by different companies in order for the demand for bitcoin to increase. Without these real-life applications and usage, Bitcoin growth will be limited no matter how hot or trendy it will become.
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OgNasty
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July 28, 2023, 10:25:28 PM |
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The figure of 60,000 EV is not the actual number or that works, but rather out of a total of 60,000, there are a number of stations in the experimental stages, and according to the article, the number is 8898 that were experimental, however, there are no confirmations regarding the real residences and whether they are accurate. Disclaimer: Of the 60,000 EV charging points reportedly supporting Bitcoin payments in Europe, a large number is still in the experimental phase, and Satimoto is yet to publish the exact number and an updated map. Although the company has not yet said how many of these 60,000 charging points are experimental at the moment, the release of an updated, full map is coming soon, Satimoto said on July 26, as it celebrated reaching 2,000 Twitter followers. Source https://mycryptowallet.com.au/news/bitcoin/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/Thank you for that clarification. Upon reading the initial number stated I was a bit shocked but impressed that this happened without me having any idea. The OP is still right though. It was the use cases for Bitcoin that really makes a difference to those outside of holders looking to get rich sitting on their Bitcoin.
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coupable
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July 28, 2023, 11:06:18 PM |
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The more businesses begin to integrate crypto payment in their daily activities, the more we see real progress regarding the entire concept. As of today, over 60,000 electric vehicle charging stations now accept Bitcoin across Europe, thanks to Lightening Network (source: https://mycryptowallet.com.au/news/bitcoin/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/). Many businesses are also joining this trend as they realise the advantages offered by this amazing technology. Gradually, we will see even deeper penetration of Bitcoin and cryptocurrency at large. The beauty of Bitcoin is that it combines two essential elements for completing exchange transactions between two parties; The first element is that it is a store of value such as gold or fiat currencies, and therefore on the basis of which the value of a good or service can be evaluated very easily. The second element is that it is a payment gateway at the same time, according to the characteristics of the blockchain that allow it easily. These characteristics make Bitcoin easy to integrate and cost almost nothing. Today we have the Lightning Network, which reduces transmission costs and makes it possible to send bitcoins in small amounts so that it can be used for transactions in small amounts. I am very happy to see people integrating Bitcoin into their small businesses. This is the kind of adoption we all want.
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Dr.Bitcoin_Strange
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July 29, 2023, 07:59:33 AM |
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It's not as if this information really impacted the price of Bitcoin, and cause it to take a bit of a spike. Just as @Yamane_Keto had said, not all the 60k are really accepting Bitcoin payments, because if they all did, I believe the price of Bitcoin will rise slightly in regards to the news. Well, I know that Bitcoin is good, and if every business realises it and adopts it as their other means of payment, it will also benefit them in terms of volatility because if the price of Bitcoin goes up, it will yield more profit for the business. Also, people will get to know more about Bitcoin.
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Uruhara
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July 29, 2023, 08:15:57 AM |
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Whatever the actual number is for the stations that have started accepting bitcoins I think this is a beautiful speck of light which one day this light will widen and expand in all corners of the land on this earth. It's only a matter of time before everyone starts accepting bitcoins as a payment option. I invest in bitcoin believing there will be more mass adoption in the future. Maybe it takes years but well it doesn't matter because this is for the long term. Even though bitcoin in my country cannot be a means of payment. but the government here supports its citizens who want to invest in bitcoin which is a commodity asset here. And our country has even launched its own Exchange.
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kryptqnick
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July 30, 2023, 11:12:12 AM |
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Others have pointed out that the number is seriously exaggerated and accounts not only for current working stations but many experimental ones, too. I'm happy it's going on, I agree with the op that it's wonderful to see Bitcoin use cases, and since electric vehicles are more eco-friendly than others, it's good to see that Bitcoin is actively used for something that has a positive environmental impact. But being out there as an option is very different from actually being used. Is there information on how many stations are in active use, and how regularly people pay in BTC using this startup?
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RockBell
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July 30, 2023, 11:26:02 AM |
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Topic title is pretty interested, Absolutely, I agree with you. The beauty of Bitcoin lies not only in its use case as a decentralized digital currency but also in its potential for global transactions. Being able to send Bitcoin worldwide as a payment method, similar to how we send money through the banking system, opens up new possibilities for cross-border transactions and financial inclusion. Additionally, businesses accepting Bitcoin as a payment method can also contribute to its widespread adoption and utility. yeah, bitcoin has a lot of functionality, the fact that it can be used as a global transaction is one of the fun aspects of it, and aside from that bitcoin has other explorable features such as investing and getting profit, and having similar functionality with fiat but different and even better than the banking system just that there is no way we can not do without fiat and bank for the main time, and bitcoin having lightning network just makes it more interesting. and I don't know about banks in other places but the banking system here still sucks, still having a lot of network issues. Adoption and actual use cases of bitcoin are expected to increase day by day in a gradual manner. That would surely make bitcoin even more likely to become the adopted global payment tender even if it is still just an alternative option for the average person. If European countries have legalized bitcoin as a legal means of payment, then of course the positive impact will be increased adoption in various countries both in Asia and America.
I'm sure bitcoin adoption and actual use cases will continue to grow, but may never be able to record everything as some people are still in hiding due to bans or restrictions. Bitcoin has never differentiated fees costs even if we want to send it to different countries, the transaction fees will remain the same based on the needs of each user.
Some countries are already accepting it as legal tender, very soon other countries will start accepting it also and I doubt if European countries will want to make it legal tender, a lot of things will be considered and I think Bitcoin is more interesting when a larger percentage is decentralized, and over time a lot of people are embracing bitcoin, and as you said other people are still hiding due to restriction but very soon it will get to the point of people no longer hid and in my region, for some time people see individuals involved in bitcoin has scammers but with the awareness, I think people are already getting the clear picture of everything that bitcoin is not also Ponzi.
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taufik123
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July 30, 2023, 12:07:18 PM |
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Some countries are already accepting it as legal tender, very soon other countries will start accepting it also and I doubt if European countries will want to make it legal tender, a lot of things will be considered and I think Bitcoin is more interesting when a larger percentage is decentralized, and over time a lot of people are embracing bitcoin, and as you said other people are still hiding due to restriction but very soon it will get to the point of people no longer hid and in my region, for some time people see individuals involved in bitcoin has scammers but with the awareness, I think people are already getting the clear picture of everything that bitcoin is not also Ponzi.
Saying Bitcoin is a Ponzi, they don't understand how Bitcoin works even Bitcoin is equated with gambling and other nonsensical instruments. Bitcoin is completely decentralized, so governments need to think twice about fully adopting Bitcoin. Some countries that have not accepted Bitcoin as legal tender are still thinking that if Bitcoin is legalized, they will not have full control. There will be times when new regulations are made, but who knows what will happen if the government takes full control. Just look at how crazy taxes would be if the government had full control. Bitcoin is in a growth phase and there will be pros and cons about using Bitcoin. Bitcoin is not a Ponzi or any other fraudulent instrument, Bitcoin is still Bitcoin.
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thecodebear
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July 30, 2023, 12:59:33 PM |
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The integration of lightning network really seems flawless for some estbalishment or business enterprise cause of its cheap and fast action. But surely the mainnet of bitcoin can be adopted too not just that. Also better if other tokens or blockchain too. Its not about bitcoin anymore but any altcoins that make progress too in the cryptocurrency and blockchain industry.
Honestly no on both accounts. 1. Nah Bitcoin on-chain is not for payments, that would never work there isn't nearly enough tx capacity for that. On-chain is for moving funds around, L2 is for payments. Any time of 'daily purchase' has no business being on the base layer. 2. Other cryptocurrencies aren't money, no reason for anyone to adopt them for payment. Bitcoin is money for humanity. Everything else is just for speculation/trading or random app tokens. In terms of money, it's always only been about Bitcoin, it's never been about altcoins.
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Kakmakr
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July 30, 2023, 02:12:33 PM |
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The figure of 60,000 EV is not the actual number or that works, but rather out of a total of 60,000, there are a number of stations in the experimental stages, and according to the article, the number is 8898 that were experimental, however, there are no confirmations regarding the real residences and whether they are accurate. Disclaimer: Of the 60,000 EV charging points reportedly supporting Bitcoin payments in Europe, a large number is still in the experimental phase, and Satimoto is yet to publish the exact number and an updated map. Although the company has not yet said how many of these 60,000 charging points are experimental at the moment, the release of an updated, full map is coming soon, Satimoto said on July 26, as it celebrated reaching 2,000 Twitter followers. Source https://mycryptowallet.com.au/news/bitcoin/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/Does it really matter ? The fact of the matter is, it is used as legal tender to pay for goods and services... so it is the principle that counts. Most countries wants to box Bitcoin into a "Commodity" definition to effectively eliminate any competition to their local Fiat currency. We should celebrate all small victories for Bitcoin being used for it's real "use case", namely being a Currency and not a "Commodity" as the governments are defining it. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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