Quote from: passwordnow on February 07, 2019, 10:18:26 PM

Quote from: Aura on February 07, 2019, 08:12:14 PM

In addition, the transaction volume processed by payment gateways is also decreasing.

I don't think so that the volume is decreasing. $5B daily volume is too low for you?

What is your source? I think you're referring to the total volume? I believe most of these trades are concerning day trades not actual services or goods being bought with Bitcoin.

Quote from: denzkilim on February 08, 2019, 08:12:53 AM

Quote from: hatshepsut93 on February 07, 2019, 08:31:18 PM

Merchants don't want to adopt Bitcoin for 2 main reasons: there's very little demand for it from their customers, and it has somewhat grey legal status or even outright banned in certain places. Users don't want to adopt Bitcoin, because it's volatile, hard to use, few merchants accept it (so, there's kinda a feedback loop here), and very few people are "woke" in a sense that banks represent a risk to their financial freedom.

Yep, and Bitcoin is hard to understand to average people especially to those people that have less knowledge in new technologies and innovations, I guess the mass adoption of Bitcoin will take more time to happen. The volatile nature of Bitcoin is one of the major reasons why merchants do not want to adopt this technology and a means of payment or reward.

I believe the traditional banking system is more complex than Bitcoin's infrastructure. The majority is using the banking system without understanding how it works. Therefore I don't think you have to completely understand Bitcoin to apply it in life.

Quote from: pooya87 on February 08, 2019, 04:20:01 AM

for example did you even know that a US state recently adopted bitcoin as a legal currency?

I read about some states regulating Bitcoin. I am hoping that it will spread to other states.

Quote from: o_e_l_e_o on February 07, 2019, 10:29:56 PM

Quote from: Aura on February 07, 2019, 08:12:14 PM

For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees.

This is only true if the merchant accepting crypto is either keeping it as crypto, or trading it to fiat manually. If they are using a service like BitPay, which will allow them to accept crypto but instead be paid in fiat, there is a 1% charge which is pretty comparable/only marginally cheaper than most credit card transaction fees.

Debit- and creditcard fees are averaging 2% in the United States. That means that using Bitcoin is still an increase of 1% in revenue, which is a lot actually.

Quote from: o_e_l_e_o on February 07, 2019, 10:29:56 PM

Quote from: Aura on February 07, 2019, 08:12:14 PM

Therefore we should contribute as a community by helping merchants to implement this system in their store.

Agreed. I often hear people lamenting the fact that bitcoin adoption isn't more widespread, whilst simultaneously doing nothing about it and not trying to spend their bitcoin. Speak to your local grocer, coffee shop, corner shop, tradesman, whoever and ask them to accept crypto. If they don't know there is a demand, then they have no incentive to start using it.

The city where I am living has currently over 100 physical stores that accept Bitcoin. On it's website you can find a graph that shows the purchase volume and amount of trades. However, this seems to be decreasing. What can we do to reverse this movement?

Aura

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