Payment with cryptocurrencies is becoming available

Thread Starter

mattdevon

Joined Nov 19, 2018
0
Hi guys,
I stumbled across this list (link removed) of businesses that allow now payments with cryptocurrencies. It's funny how I can now pay with my online coins for my next hotel booking or for a movie from Windows store.
Don't you think it's a cool thing for crypto users?
In what other businesses do you think it should be implemented?
 
Last edited by a moderator:
I can see the beneficial side of being able to buy items with crypto - for example, holding crypto is easier than holding $5,000.00 cash in your pocket, however the volatile nature of it has people concerned. In saying this, offering payment via crypto is a step that had to be taken and I do think it will last. Will it be in this form? That I can not answer, only time can tell
 

nsaspook

Joined Aug 27, 2009
16,321
I can see the beneficial side of being able to buy items with crypto - for example, holding crypto is easier than holding $5,000.00 cash in your pocket, however the volatile nature of it has people concerned. In saying this, offering payment via crypto is a step that had to be taken and I do think it will last. Will it be in this form? That I can not answer, only time can tell
How is that different from having a debit card with $5,000 instead of cash in your pocket. I can tell you, the debit card is actually useful for payments in seconds just about anywhere on the globe.
 

DickCappels

Joined Aug 21, 2008
10,661
I heard that Bill Cosby (American actor/comedian) has been looking into crypto currencies as a way to hide his savings from lawsuits looming on the horizon. It is undiscoverable and untraceable, but to use it to hide money from a court ruling one would have to purger one's self.
 

Thread Starter

mattdevon

Joined Nov 19, 2018
0
I can see the beneficial side of being able to buy items with crypto - for example, holding crypto is easier than holding $5,000.00 cash in your pocket, however the volatile nature of it has people concerned. In saying this, offering payment via crypto is a step that had to be taken and I do think it will last. Will it be in this form? That I can not answer, only time can tell
After i have researched a bit here and there, i have seen there are a lot of different cryptocurrencies. Some more reliable than others.. and everyday there is more coming out on the market. I am sure is a good thing to make it "legal" in the banking system but with all the options, one has, for me it looks the same as if i would buy $, £ or euros.. and wait until it will grow its value and then exchange them into other currencies.
So, what i am looking for in the future is to have a unique crypto.. that could do a trick in the financial system i guess.
 

CarExtreme

Joined Oct 12, 2018
4
Life would definitely be easier if everything was digital. And I think the transition of becoming a cashless society has already begun. The Amazon Go store is already doing it, right? You can shop without your wallet now. And with crypto, all transactions will be simpler. Not just buying things, but traveling without having to exchange currencies, or sending money to family. And we don’t have to pay Paypal’s high fees anymore!

I think paying in crypto would be very advantageous for us.
 

nsaspook

Joined Aug 27, 2009
16,321
Life would definitely be easier if everything was digital. And I think the transition of becoming a cashless society has already begun. The Amazon Go store is already doing it, right? You can shop without your wallet now. And with crypto, all transactions will be simpler. Not just buying things, but traveling without having to exchange currencies, or sending money to family. And we don’t have to pay Paypal’s high fees anymore!

I think paying in crypto would be very advantageous for us.
and very advantageous to track your entire life along with every transaction from cradle to grave.

https://www.nytimes.com/2018/11/21/business/sweden-cashless-society.html
 

profbuxton

Joined Feb 21, 2014
421
I consider cryptos to be a scam(at the present time). They are totally unregulated. Do a search to see how much has disappeared from some crypto exchanges. Bitcoin has had a huge drop in value ($20002 to $3500). I am sure a lot of people have lost a lot. Why would a business take bitcoin(et al) in payment when the value can fall overnight? Would you accept payment for something if there was a chance the payment would drop in value?
And there is not really any real way hide your transactions from the PTB. A lot of regulators around the world are already preparing to see how they can control these transactions. China has already forced bitcoin exchanges to provide records.
 
Top