Do you foresee crypto payments going mainstream soon? Why or why not?

[kentrolla]

We are stll far away from those days as of now it could only be used as cross border P2P payment system but it won't become mainstream soon or never become mainstream due to volatility and factors like what if the value of the crypto has increased or decreased while making the payment and who would be responsible to compensate? There ar projects where you get an option to send it via crypto and recipient will get it in fiat of their choice which has to be selected become sending, example Utrust. But people will always be hesitant to use crypto as payment for business but rather stablecoins will be widely used without any doubt.

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[angrybirdy]

How long do you mean by soon?
I don't think crypto payment system will be going mainstream in the next 5 years, in the first world country, maybe, but for developing countries, the infrastructure is not ready yet, the internet connection is not wide spread, and not really reliable. Even in my place which is quite modern, there are often trouble when I tried to pay with card.

Here in our country, there is an island wherein some stores that accepting bitcoin as a payment for their offered services, it's because there's a lot of foreign tourist comes there but I agree that this will not be going mainstream for the next 5 years because we are aware that not all people has an idea about bitcoin currency. the value of bitcoin and other crypto is extremely volatile which is considered as very risky if they consider or accepting it as a means of payment in the future.

[NeilLostBitCoin]

Do you believe crypto payments are on the verge of becoming mainstream in the near future?

Absolutely.

The crypto space has seen remarkable growth and innovation, but challenges and skepticism persist. Are we on the brink of a significant shift in how we conduct transactions, or do traditional payment methods still hold the fort?
Share your insights! What factors contribute to the potential mainstream adoption of crypto payments, or do you see any obstacles that might slow down the process? Let's explore the possibilities and challenges together.

Currently, traditional payments remain dominant. However, there is a strong possibility that crypto-payments will overtake them soon. One main obstacle to the widespread adoption of Bitcoin is the unstable internet infrastructure in certain countries. This can make it difficult for people to access and use Bitcoin, hindering its potential as a global currency. Another challenge is the lack of awareness and understanding of Bitcoin, making people hesitate.