RE:UPS A LINK TO MY PREVIOUS POST !You can buy and hold all the BCFN you want ! The difference between you and me is that I know when stock will go nowhere . I never ever fall in LOVE with a stock . Good luck with BCFN . The altcoin adoption will never happen in my lifetime which makes SYS a losing venture for me .
The problem with crypto payments
Marszalek identified a series of issues that are preventing crypto payments adoption, with lack of trust one of them:
“For the vast majority of the merchants out there, just like for the vast majority of retail banking users out there, crypto is still something unknown, something they still didn’t learn to trust.”
Peko Wan, the chief ecosystem officer of crypto point of sale provider Pundi X, told Cointelegraph a similar story:
“For the mainstream, the general perception toward crypto are ‘complicated to use’ or ‘risky to own cryptos.’”
This attitude is reflected by a U.K.-based business owner operating a recreational plane simulator, whom Cointelegraph interviewed. Despite adding the crypto payment option, they said that “no one has ever paid using crypto.” They further said to be “wary of all cryptos as there are so many scams out there.”
Even among crypto enthusiasts, payments are a low priority use case. This is best exemplified by the issuance of WBTC for Ethereum decentralized finance, which is now more than double the size of the entire Lightning Network.
Marszalek believes that part of it is the chicken and egg problem, which limits the amount of merchants accepting crypto:
“Because if you only have 50 million people in crypto globally, merchants have very little incentive to deploy this, unless they are in a business that is covering a similar demographic as crypto.”