I thought about the use of cryptocurrency by merchants for day to day trade settlement. When combined with fiat, it gives customers a lot of options and flexibility to chose how they transact. On the flip side, I am also thinking that crypto volatility could poss a lot of dangers and issues when adopting crypto for payment.
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
One of the main reasons why global adoption doesnt move out that fast due to volatility aspect. There are several platforms that i have known like Steam
where they do accept bitcoin as a payment but due to fee and volatility issue, they've decided to remove it out which is a sad thing.
For now we cant do anything with it and i cant really deny the fact that stablecoins and xrp ^^ mentioned above do really fits out for the job.
That is the risk for bitcoin and other digital currency to be use as payment method. But there are still other solution,merchants can add a little fee to accept transactions and also asking for rate a little above in the current rates of digital currency into fiat. But if the merchants is a risk taker then there will be no problem regarding this matter.Also it will become profitable on their sides because of this volatility,although it's value may go down but it will increase again.