Post
Topic
Board Bitcoin Discussion
Re: Will cryptocurrency soon be an alternate payment option?
by
TheUltraElite
on 29/06/2019, 09:46:32 UTC
i own a couple of cryptocurrencies actually but i don't think it's going to be an accepted mode of payment anytime soon. This would take quite sometime to be realized. Many people think cryptocurrencies are scams and this is really disrupting the trust that users must have in it.
Most people actually understand the potential crypto has. What you are hearing is a cliche concept of someone who does not know something and thus they go around calling it scam. What maybe a scam is a ponzi scheme or a failed trading method which that person probably was fooled into thinking would double their money. That is nothing to do with crypto being a scam.

What is good is that big industries and companies are starting to recognize crypto as a force to be reckoned with so this will push the governments to accepting crypto as a trade-able asset and thus reduce the mental barrier that people have while thinking of trading then in fiat.