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Board Beginners & Help
Re: What will be most feasible usages for "Universal" cryptocurrencies in long run?
by
jseverson
on 25/03/2018, 09:16:37 UTC
For instance, a crypto that just allows users to buy from multiple online venues using cryptocurrency. There's no real reason why one would need this aspect rather than using their CC on venues like Amazon. Add to that, these same venues may create their own digital currency eventually making these alt coins obselete.

Well, banks charge credit card fees to vendors, so if you're a vendor, it might make a little more sense for you to accept a different medium of payment, such as Bitcoin. Assuming, of course, that it's widely used and that the volatility won't get in the way. You'll probably only save a few dollars per transaction, but that piles up rather quickly. That's a more than valid use case in my opinion. There's also the fact that you won't have to deal with chargeback fraud, which is another pro.

So what I'm looking for is what others feel are very applicable platforms crypto would be a need in current real world needs. What needs can you think of, that were you to see an ICO for that need, would make you see it as a great investment because it has an actual market need that would be filled. Hope that makes sense. Thanks.

Well smart contracts are very interesting, but I don't think they're being used to their full potential. There's still a lot of places technology like that can go, but I guess no one has found a real use for it yet. Other than that, off the top of my head, anonymity -- I'm fairly sure they're going to be regulated to hell and back once they start becoming widely used though.