Post
Topic
Board Bitcoin Discussion
Re: What your ideas about bitcoin adoption in the future?
by
South Park
on 18/08/2022, 22:22:30 UTC
The problem is, have you ever thought of new ideas for future use cases, such as receiving a salary in bitcoin at your workplace or maybe as a means of payment for public transportation?
It's part of its use case. There have been companies or freelance markets that do issue and pay their workers with bitcoin. That's not actually a new thing and it's just part of bitcoin as a use case.
You'll see those coffee shops that have QR codes if you want to pay them bitcoin. Honestly, IMO, we're just getting started and more merchants and stores are starting to become open to it as a payment and that is because they like the idea of owning bitcoin. They'll get paid by it and then they hold it as an investment.
I have always heard news that some stores are already accepting bitcoin as a payment option, sadly it’s not yet happening in my own place. But I know eventually as more people are now interested in bitcoin ownership, then it will also open opportunities like store owners to accept bitcoin payment as it also gives them chances to own and invest into bitcoin as business minded persons will always think of more profits coming into their way.
What happens is that even if the adoption of bitcoin is growing every day at the same time due to its attractiveness as an investment many people are not using their bitcoin for their everyday purchases, so businesses at the moment do not really see too much of an increment on their sales when they adopt bitcoin, however I think we will get to a point in which the adoption of bitcoin will be so large that not adopting bitcoin will hinder the chances of a business becoming successful, this will create the incentive for those business to accept it and in return will create more opportunities for people to spend their bitcoin, creating a positive cycle which feeds itself.