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Author Topic: Is Crypto as "payment" method adaptable for non tech-savvy people?  (Read 278 times)
hZti
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April 16, 2023, 07:50:36 AM
 #41

There is so far not an easy to use method for the everyday person, but that should be the goal of the Bitcoin developers. Anything that is more complicated than Apple Pay or a credit card will fail. So let’s see what they come up in the future.
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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June 13, 2023, 05:43:33 PM
 #42

Hello guys,

Today I came here in hopes to find an answer to a very IMPORTANT question.

I have been helping businesses for the last 6 years with the implementation of blockchain and cryptocurrency in their business. It works fine for the people who know how things work in crypto.

But when it comes to the general public (non-tech-savvy), I can see that people still can't use it, and they are afraid of the technology. They don't know how to use it.

Also, they fear losing money. If they miss the private key their funds will be lost forever. No one is there to help them recover. See this news.

https://www.nytimes.com/2021/01/13/business/tens-of-billions-worth-of-bitcoin-have-been-locked-by-people-who-forgot-their-key.html


Is anyone here thought how can we help our children and elders in our family so they can use crypto without hesitation just like they use fiat money?

Because I don't blame those who don't have the knowledge, I consider this our responsibility how we can make a solution so that those people can also use it as a day-to-day payment method without a second thought.

Does anyone know if any best user-friendly solutions already exist in the marketplace to overcome these challenges?




Let's discuss this topic.




Most people are not ready to buy much cryptomoney due to lack of business projects which directly accept crypto. They simply don't know what to do with these digital assets. That's why cryptocurrencies can't be considered a good investment for them: they either buy and hodl a small amount, or buy it in a relatively large amount, and some time later, when they need money, they sell it with very little to no income (often with money loss).

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October 17, 2023, 10:53:16 AM
 #43

Certainly, making cryptocurrencies a user-friendly payment method for non-tech-savvy individuals is a crucial challenge. It's not just about embracing this technology; it's also about ensuring its accessibility and security.

One of the fundamental obstacles is the fear of losing funds due to private key issues. Recent stories, like the one in The New York Times, highlight this concern. It's our responsibility to create solutions that make crypto as user-friendly as traditional fiat currency.

User-friendly solutions do exist in the marketplace, such as Coinremitter, which aims to simplify cryptocurrency payments for everyone. Platforms like https://coinremitter.com/?utm_source=rep&utm_medium=bitcointalks prioritize the security of funds while providing easy-to-use interfaces that are as intuitive as traditional financial apps. These solutions are designed to bridge the gap between tech-savvy users and the general public, providing a smoother onboarding experience.

Initiatives like these are vital to encourage widespread adoption of cryptocurrencies as an everyday payment method, making it accessible to individuals of all ages, including children and elders in our families. Let's continue to discuss and explore ways to make cryptocurrency payments as convenient and secure as traditional money transfers.
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