Re: Spending Bitcoins

There is an application that will give you information about place that accept bitcoin as payment system. I was try it, incredible, there is a car rentals that accept bitcoin. but it is outside my city. we can more easily in spending our bitcoin with the help of this application.

Its nice to hear this bro. Still we are missed to reach in this biggest economy. I expect bitcoin to accept in all the eCommerce site to accept the bitcoin as a payment mode. purse.io is the best one which is accepting bitcoin as a payment for buying a things at there.

Still we can use bitcoin in day to today purchases by purchasing the things using BTC debit card. I suggest to buy spectrocoin debit card to start with it.

Just like me in most of the countries, we have to convert bitcoins in local fiat currencies in order to spend it because there are not many merchants who accept bitcoins. I think we need some initiatives for the awareness in merchants and support mechanism to help them accepting bitcoin. It will boost the awareness in the users too.

Due to the fact that bitcoin prices are not stable, there is a big doubt that traders come to sell for bitcoin, it's perspicuous that the prices for the goods will need to be changed very often. It is very difficult and not profitable.

Traders earn profits from volatility so they will try to encash the opportunity as much as possible. Yes, changing prices frequently is not a good idea in offline markets (which is possible for digital goods) so transaction fees and price volatility would play a vital role in bitcoin adoption in offline markets.