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?
From here in the philippines, we can use crypto for paying our bills like our electricity bills and for anything that are part of the system. I think not far from now Bitcoin will be paying anything in the Philippines.
Since projects like MFCHAIN, PUNDI-X, UTRUST and some other unnamed payment systems makeup 1.9% of the commerce and advertising section of ICOs (based on funds collected i.e crowdfunding), I am wondering why only bitcoin is used for payment in the Phillipines. It seems we are still far away from adoption. Just thinking, although I forgot to add DASH (my ex) to my list considering it's a legacy blockchain. But really you guys should check out MFCHAIN, it could be a rivalry payment system as it does not require a hardware, making it easy to use by merchants.