Cryptocurrency was developed to be more than just an investment to speculate, or for a quick buck to be made by day trading.
At the core, cryptos are built for utility, it’s what ultimately decides its value.
One day you’ll be able to go to your small, local grocery store and buy a bag of veggies and a loaf of bread by using any crypto currency of your choice.
Let’s take a moment to fully appreciate that thought. Imagine supporting your favorite digital currencies the way they were meant to be utilized.
Thanks to the company BlockPay- brought to you by the creators of BitShares, that day will come sooner than you think.
BlockPay has set the stage for mass adoption and acceptance of digital currencies by businesses around the globe. They offer their great new software for FREE. It’s easy to set up and will enable businesses to accept any foreign currency as well as all of the new digital currencies and smart coins.
This gets me excited.
Since I often find myself in foreign countries, the thought of being able to pay in Steem, Bitcoin, or any coin that would be most beneficial for me, would be a huge relief. No longer would I need to worry about the exchange rate, or how long until my funds from cryptos are transferred into my bank account. But the best part is keeping those coins in circulation in the real world; and solidifying their value with people who may have thought of them as nothing more than fake money.
There are two sides to this scenario. The business owner, and the consumer. Which is more important for initiating the widespread acceptance of digital currencies for goods and services?
Which came first, the chicken or the egg?
I agree with the BlockPay website. It states that the merchants will ultimately drive the success of this adoption- much like the adoption of credit cards can be attributed to big name retailers who first started accepting them as a form of payment.
But let’s not discount the importance of the of consumers.
I don’t care if I’m at a small bait and tackle shop in Indiana, at Macy’s in downtown Chicago, or at a cafe in Amsterdam, I’m going to ask them if I can pay in Bitcoin, Ethereum, Steem or Dash. Of course I know that most likely they will not. But the very fact that I bring it up to them will plant the seed that their customers are using other forms of payment. Their customers have needs that they aren't yet fulfilling.
It’s even better if I frequent that location, because they’ll be even more likely to enquire about it and learn why it would be beneficial for them as a business and for me the consumer.