Post
Topic
Board Politics & Society
Re: Is Crypto Becoming More Accepted?
by
squatz1
on 19/08/2019, 21:26:40 UTC
To be honest, I don't think so. When I see people around me, barely anyone mentions crypto or thinking about accepting. That might be just my experience, I would like to be wrong in this case.

Adoption is slower now but we are heading in the right direction. Even though the price may have fallen, more and more people are getting into cryptocurrency.

But at the end of the day adoption isn't about price, or at least it shouldn't be. It should be about getting more and more people into accepting Cryptocurrencies, lowering merchant fees, and lowering fees incurred from sending Crypto -- as there's no way that someone could use BTC for a cup of coffee (or some item of this low value) if fees are congested. But people don't want to use altcoins as well, as theirs no easy on ramps to these coins -- as you're just going to have to buy BTC, then buy your alt coin of choice.

For most consumers, using Venmo to them is the same as Bitcoin -- but for Bitcoin they're having to manage a lot more, and pay a large amount more in fees (if using a debit card, of course) Obviously we know this isn't the same, due to the amount of control they have on Venmo over their funds (practically none)