Monero Acceptance Seems to be Growing

[caroasi]

Monero has been my cryptocurrency of choice because of its maximum focus on our right to remain silent as privacy, freedom of expression, property rights, and so on. I've noticed that more and more merchants are including it as one of their flagship options and that makes me very happy. The transaction fees remain only 1 to 2 cents.

I've always preferred and continue to prefer Monero since about the time of it's release and am hoping this acceptance trend continues. One thing you can do to pay any crypto payment service using Monero (XMR) is to use an exchange swap service like OrangeFren.com and then initiate a swap. When they give you the payment address you just put it in place of your own wallet address. In this way I can usually pay with XMR even if it is not accepted by the merchant but other cyrpto is.

[Abiky]

Monero has been my cryptocurrency of choice because of its maximum focus on our right to remain silent as privacy, freedom of expression, property rights, and so on. I've noticed that more and more merchants are including it as one of their flagship options and that makes me very happy. The transaction fees remain only 1 to 2 cents.

I've always preferred and continue to prefer Monero since about the time of it's release and am hoping this acceptance trend continues. One thing you can do to pay any crypto payment service using Monero (XMR) is to use an exchange swap service like OrangeFren.com and then initiate a swap. When they give you the payment address you just put it in place of your own wallet address. In this way I can usually pay with XMR even if it is not accepted by the merchant but other cyrpto is.

Adoption for Monero is growing, albeit at a slow and steady pace. Most of the merchants you see out there accept XMR as payment method, don't accept it directly. Rather through a third-party or payment processor. This ultimately breaks the benefits of XMR's privacy.

At least, there are a few services on-board the Monero craze. As governments become more invasive with their mandatory KYC, people will seek coins that provide true privacy and freedom. Monero is the only answer to all of our problems. Only time will tell whenever it will succeed or simply become a "failed experiment".

[MAAManda]

Monero (XMR) is my second choice after Bitcoin (BTC), basically because of all the additional regulations made by the government that aim to monitor the activities of crypto holders. For the same reasons as me, I think we'll see even greater adoption of Monero (XMR) in the future. BTW, you mentioned OrangeFren. I've seen their signature on this forum, but I've never used them.

[Taricoins]

Monero (XMR) is my second choice after Bitcoin (BTC), basically because of all the additional regulations made by the government that aim to monitor the activities of crypto holders. For the same reasons as me, I think we'll see even greater adoption of Monero (XMR) in the future. BTW, you mentioned OrangeFren. I've seen their signature on this forum, but I've never used them.

I have seen this not once but many times which users claim to have so much believe in monero than any other altcoins there in the market which is something I haven't fully wrapped my head around the technology behind the coin, is it that it runs on the same decentralized nature as Bitcoin? Or something closer to it?

[MAAManda]

I have seen this not once but many times which users claim to have so much believe in monero than any other altcoins there in the market which is something I haven't fully wrapped my head around the technology behind the coin, is it that it runs on the same decentralized nature as Bitcoin? Or something closer to it?

Broadly speaking, its decentralized nature is the same as Bitcoin (BTC), but there are some differences at the level of decentralized infrastructure. The most commonly talked thing about Monero (XMR) is its anonymity, Bitcoin (BTC) isn't anonymous, it's pseudonymous, while Monero (XMR), they're completely anonymous. Go to the internet for references, mate. You'll find that Monero (XMR) is a perfect alternative to Bitcoin (BTC).

[sergiorus]

Weird, I haven't noticed that with Monero, but the adoption of ZEC has definitely skyrocketed in the last year.

Probably mostly due to its rally and availability even on strictly regulated exchanges like Coinbase, Kraken or Gemini.

[Kavelj22]

Monero (XMR) is my second choice after Bitcoin (BTC), basically because of all the additional regulations made by the government that aim to monitor the activities of crypto holders. For the same reasons as me, I think we'll see even greater adoption of Monero (XMR) in the future.

Greater monero adoption means greater privacy adoption which doesn't seem to be the case in the current market oriented towards more centralization. I am afraid to confess that monero is still widely used as a trading instrument more than a privacy tool for electronic payments. Community believe in the feasibility of monero as great option to protect privacy within the blockchain, but when it comes to daily life transactions, they prefer more centralized options because of authorities pressure on merchant, stores, and services to avoid using it.

[TastyChillySauce00]

Adoption for Monero has always been great but after exchanges are trying not to get themselves into a trouble of AML by listing a true privacy coin like Monero, the adoption slowed down to certain extent.

The good news is Monero adoption is picking up where it has left with the most recent rally and some exchange are trying to list the coin again. If Monero could have another bullrun, the adoption will be booming at unprecedented rate again. It just need more attention.

[FinneysTrueVision]

When they give you the payment address you just put it in place of your own wallet address. In this way I can usually pay with XMR even if it is not accepted by the merchant but other cyrpto is.

If you have to resort to cumbersome workarounds that means acceptance is not yet at an ideal level. I’ve seen that THORchain is going to add Monero soon. Rather than merchant adoption, a lot of the increasing demand is coming from services people use to transfer money around without KYC. Because the price doesn’t follow the rest of the market as much as other altcoins, it is also becoming a good option for holding as a store of value to diversify your assets.

[caroasi]

When they give you the payment address you just put it in place of your own wallet address. In this way I can usually pay with XMR even if it is not accepted by the merchant but other cyrpto is.

If you have to resort to cumbersome workarounds that means acceptance is not yet at an ideal level. I’ve seen that THORchain is going to add Monero soon. Rather than merchant adoption, a lot of the increasing demand is coming from services people use to transfer money around without KYC. Because the price doesn’t follow the rest of the market as much as other altcoins, it is also becoming a good option for holding as a store of value to diversify your assets.

Only Bitcoin has near universal acceptance. All others need the work-around solution using an exchange service. But that said, some privacy-focused merchants only accept Monero as cryptocurrency and no other options. What's missing from XMR for wider adoption is a personal cloud wallets that avoids the need to use substantial amount of hard drive space. There could also be wallets that come up that offer automated exchange, so you send to any other crypto address from your own using an automated exchange method. That would make it just as convenient.

[Dunamisx]

One of the great advantage monero has been having over the time is the benefit of privacy when you consider this asset, not only that, there are many other benefits as advantage in which it investors have already discovered about this coin because they see it as such coin that has a future utility and could stand a long time advantage for an investment, while in addition to the privacy distance to get from this same project, bitcoin also has the required privacy we needed once we know how we can maintain it and also achieve it has been wanted.

[NeuroticFish]

I have noticed that a nice number of new exchanges have Monero "in the menu", which is cool.
I've also read about more interesting upgrades developed for Monero.
But acceptance, I don't know, I didn't notice that much. But I may have been just not looking in the right place(s).

Sadly, Monero is still far from where it deserves to be.

[BattleDog]

Monero adoption has always been a bit harder to spot because a lot of the real usage is quiet. People use it, merchants accept it through a processor or a swap layer, and half the time it does not show up as some big flashy "we now support XMR" announcement. Therefore, if you only measure visibility, it can look smaller than it really is.

What has held Monero back is friction, rather than usefulness. Delistings, compliance paranoia, and fewer easy onramps obviously slow things down. But the demand for private transactions did not go anywhere, and if anything, the appetite for financial privacy has only grown as the rest of crypto keeps marching deeper into the surveillance mall. I do not expect Monero to suddenly become the darling of the suits, but it does not need that to matter.

It just needs solid wallets, decent liquidity, and enough merchants and users who still value not having their entire financial life turned into public theater.

[jossiel]

I thought that it's decreasing because of how the regulators have been chasing them to get delisted in different exchanges.

But if that's the current status now, then that's good news. Although monero is one of the best in privacy and it should have been more than this growth.

It is still deserving to this acceptance and the community that it has got.

[FjellEcho]

 Monero slowly getting more real usage, especially for people who care about privacy, XMR is still top choice no doubt. But I think growth is still kind of nice, not mainstream. Many exchanges delist it, regulations getting so adoption is not simple. Still the community is strong and that helps a lot.

Using swap services like you mention is smart workaround, ive done similar sometimes but also comes with extra risk and fees, so not always perfect solution. Overall I see Monero more like a special tool than a mass adoption coin. It will grow, but will probably in its own lane, not like btc or eth

[Abiky]

Weird, I haven't noticed that with Monero, but the adoption of ZEC has definitely skyrocketed in the last year.

Probably mostly due to its rally and availability even on strictly regulated exchanges like Coinbase, Kraken or Gemini.

ZEC is widely-available on regulated exchanges such as the ones mentioned, because of the way it was designed. It allows the use of transparent addresses (t_address) in a bid to become regulatory-compliant. You don't see such a thing with Monero. Centralized exchanges supporting Zcash only allow users to deposit using a t_address. Shielded transactions are out of the equation. With Monero, they're forced to accept it as-is. The cryptocurrency is private-by-default (enforced privacy).

Now you see what why acceptance for ZEC keeps growing, while XMR is left behind in the dust. Merchants are often afraid of accepting XMR as payment method because they might get "tagged" for suspicious activity by the government. It's simply not worth the risk. At least, support for XMR is growing slowly. All that matters is decentralization and privacy. If Monero remains private and decentralized, there should be nothing to worry about.

[M47AK16]

Monero has been my cryptocurrency of choice because of its maximum focus on our right to remain silent as privacy, freedom of expression, property rights, and so on. I've noticed that more and more merchants are including it as one of their flagship options and that makes me very happy. The transaction fees remain only 1 to 2 cents.

I've always preferred and continue to prefer Monero since about the time of it's release and am hoping this acceptance trend continues. One thing you can do to pay any crypto payment service using Monero (XMR) is to use an exchange swap service like OrangeFren.com and then initiate a swap. When they give you the payment address you just put it in place of your own wallet address. In this way I can usually pay with XMR even if it is not accepted by the merchant but other cyrpto is.

Doubtful that it would have a second wind. It was something that used to be liked, but then many places delisted it, and now there are not that many trustworthy places that are still listing it. While there are some niche corner of the market that it applies to and some people around that corner of the market likes it, that doesn't mean that it will grow.

Price may go up and down sometimes, and we are in a green situation as of right now in the market, so I get it, but long term, a very high marketcap is not possible, and a very high market cap WITH a high liquidity will be definitely impossible. This is why we should not consider this as a good investment. It's good if you want to use a privacy coin, not good if you want to just make money by investing.

[caroasi]

Monero has been my cryptocurrency of choice because of its maximum focus on our right to remain silent as privacy, freedom of expression, property rights, and so on. I've noticed that more and more merchants are including it as one of their flagship options and that makes me very happy. The transaction fees remain only 1 to 2 cents.

I've always preferred and continue to prefer Monero since about the time of it's release and am hoping this acceptance trend continues. One thing you can do to pay any crypto payment service using Monero (XMR) is to use an exchange swap service like OrangeFren.com and then initiate a swap. When they give you the payment address you just put it in place of your own wallet address. In this way I can usually pay with XMR even if it is not accepted by the merchant but other cyrpto is.

Doubtful that it would have a second wind. It was something that used to be liked, but then many places delisted it, and now there are not that many trustworthy places that are still listing it. While there are some niche corner of the market that it applies to and some people around that corner of the market likes it, that doesn't mean that it will grow.

Price may go up and down sometimes, and we are in a green situation as of right now in the market, so I get it, but long term, a very high marketcap is not possible, and a very high market cap WITH a high liquidity will be definitely impossible. This is why we should not consider this as a good investment. It's good if you want to use a privacy coin, not good if you want to just make money by investing.

You've got the wrong idea. When I say "acceptance" I'm referring to retail acceptance, not bank acceptance. Retail is what actually matters the most. Nobody has suggested buying Monero as an investment at any point and "Don't Buy Monero" was embraced by most Monero enthusiasts who just use it to actually buy things. That is why it is such a great option, the banking industry is staying out of it entirely. So, Bitcoin is used as a bridge, and that is fine because people hardly ever have to get out of crypto after they get in. Once that bridging is fully automated, which like I said will happen because AI makes software coding quite a lot faster these days. So yes, don't buy Monero as an investment. Monero already have a 3rd wind right now, today, as a big investment gain. But that isn't the point and frankly I'm fine if Monero never gets another leg up.  But I do believe it will enjoy slow and steady gains from being used as actual exchange money at the retail level and peer-to-peer barter level.

[Odohu]

I am not surprised at the rising rate of adoption of Monero, it was bound to happen because the fight against privacy is at a different level now. Hence, every lover of privacy will definitely go with Monero which is among the cryptocurrencies that have still helped maintained privacy and the reason most centralized exchanges are not in support of it. As more people realize the importance of privacy, they will tilt towards Monero to store their asset, I think that is already happening at a slow pace. 

[Localhostspeed]

Adoption for Monero has always been great but after exchanges are trying not to get themselves into a trouble of AML by listing a true privacy coin like Monero, the adoption slowed down to certain extent.

The good news is Monero adoption is picking up where it has left with the most recent rally and some exchange are trying to list the coin again. If Monero could have another bullrun, the adoption will be booming at unprecedented rate again. It just need more attention.

The exchanges are afraid of regulation and doesn't want anything to do with law enforcement which is why they have decided to delist the coin instead of having law enforcement on their back everyday with different cases. Many scammers laundered stolen coins through monero and because they are hard to track, the law enforcement put too much attention to them that they suspected any transaction that get into exchange unlike other coins.

We know that scammers and hackers will always exist in crypto but we also have to admit that privacy is very important in crypto, people that want privacy and doesn't like to leave any fingerprints on the internet will continue to use monero, it's the number one reason why moneto stand to be having demand more than some privacy altcoins in the market, even Dash isn't as demanding as Monero coin due to its ptivacy.