Post
Topic
Board Altcoin Discussion
Re: How reliable is crypto payment?
by
FanEagle
on 02/07/2020, 08:45:20 UTC
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?
To make use of cryptocurrencies for the purpose of just another payment processor, you never need to worry about its fluctuations; fluctuation should be the concern of long-term holders. Still, if you're going to make use of only highly reputed altcoins then you never need to worry about its price volatility because in long run all those highly reputed altcoins will get you higher value but random/new coins are a real danger for your profit level if you opt them for providing extra options for payments for your clients.