Quote from: ridiculous_A1 on October 03, 2018, 01:19:50 PM

Quote from: olumyd on October 02, 2018, 10:56:14 PM

More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.

I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.

Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?

The advent of the blockchain industry has paved the way for an effective global digital economy which surpasses geographical boundaries, however, the erratic nature of the crypto market has caused more panic than necessary resulting in a stunted growth in mainstream adoption. I think it will take more time before we see real businesses adopt cryptocurrencies as a payment option.

So I read this thread and found it quite interesting and went ahead to do some research. I discovered that companies like Walmart, CheapAir and some Universities e.g. University of Nicosa, Cumbria University accept cryptocurrencies (Bitcoin) as a form of payment.

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Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?

More so, in the hospitality industry, Hooch for example is expanding their reward program by introducing the Tapcoin project which is a way to incentivize consumers/customers with a 10% rebate, while others like TUI Swap, ZoomAway among others in the same niche are beginning to embrace blockchain. So IMO, its only a matter of time before other traditional companies in various sectors begin to adopt blockchain technology and cryptocurrencies for payment in mainstream.