Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Niko on September 20, 2018, 10:00:44 PM
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bitcoin vs. Altcoins: Which Is the Most Usable for Merchants?
Volatile or not, there's growing public demand for retailers and businesses to accept payment in cryptocurrency. According to a survey published in June by the United Kingdom-based crypto-exchange CreditCoin, 75 percent of American consumers want the option to use cryptocurrencies to pay for items they purchase in stores. Sadly, the proportion of stores providing this option does not seem to have reached three-quarters yet.
However, the number of merchants accepting Bitcoin (BTC) and other coins is nonetheless steadily increasing, with the number of Bitcoin-accepting stores reported to Coinmap - worldwide - had risen by 3,716 in a single year. There is, therefore, continuing interest among businesses in accepting cryptocurrency as a means of payment, even if the noticeable ups and downs of the crypto-market has strengthened the popular impression that such use might not be 100 percent optimal right now
Yet, a question remains for those merchants still undecided on whether to jump into the world of crypto payments: Which coin is the most usable and practical as a means of payment? Well, Bitcoin has an advantage insofar as the fact that vastly more people hold the original cryptocurrency than they do any other. However, numerous altcoins - particularly Bitcoin Cash, Dash and Litecoin- are already faster and cheaper than Bitcoin as a method of payment, and while they may lack the value of their older rival, they currently provide a more seamless retail experience.
That said, businesses are increasingly becoming less likely to face an either / or choice when deciding on whether to accept crypto as payment. That's because a number of companies are providing crypto-payment portals that enable merchants to accept a variety of different treaties, while most major treaties are regularly taking steps to improve their transactions speeds and cost-effectiveness. As a result, retailers of the future will find that they can take greater advantage of the fact that people hold (and want to pay for things with) different currencies for different purposes, making the situation a win-win for more than one single coin .
..https://cointelegraph.com/new/bitcoin.