Quote from: jamids on October 06, 2017, 08:07:12 AM

Quote from: Cryptocoinsmania.com on September 29, 2017, 08:45:04 AM

I am not sure if anyone used this term before here, but would like to discuss with you guys, when we have great and working opportunities and abilities to travel and use full services using cryptos and Bitcoin only?
So far we can get services, food, museums, etc. only at specific places and countries. It's impossible to travel using only digital coins probably.

So what are your thoughts and future vision about that?

I think it is not yet possible because of the limitations of the merchants who will accept digital money as payment. Many people or business owners perhaps do not know about digital currencies yet and even if some do, they still hesitate because of the volatility of it making them worry if ever when they accept and they would end up losing because their business is still calculated base on fiat and not in bitcoin. You can travel with digital coins but you need to find someone who can exchange it for fiat in some place so that you can purchase something.

That's true. It will be a problem for the merchants to accept BTC because they may incur a loss when the price goes down. The price of bitcoin fluctuates too frequently, so this would be problematic on the part of the merchant.

However, it would be convenient for a traveller if they had the option to pay with BTC. There won't be the hassle of having to convert the prices mentally everything you buy before you make a purchase so as to make a comparison with your own local currency.