Every act of accepting Bitcoin or cryptocurrency for payment adds to the move towards adoption. Majority of the use cases for cryptocurrency have been dominated by investment purposes, HODL for better return on investment(ROI). The use of cryptocurrency for payment is low at present.
We need a significant rise in the number of accepting cryptocurrency payments for goods and services as we aim for adoption.
The volatility side of Bitcoin still remains a challenge for payment acceptance. With Bitcoin being the most widely known, it stands the chance to be the most accepted. However, to curb the volatility, one either HODL or have it converted to stablecoin. When looking at using cryptocurrency for payments we get to see why stablecoin plays a vital role in the process.
The Surfer Kids is an NGO in Mossel Bay, South Africa whose coach Luthando accepts Bitcoin in salary. Seeing the benefits of Bitcoin Luthando introduced Bitcoin payment to spaza shops in the community called Bitcoin Ekasi it feels great seeing the locals accepting Bitcoin especially from grassroots where that isn't expected. It shows the power of Bitcoin's penetration into every part of the world.
There is now an impact of Bitcoin in Mossel Bay, the interest of Bitcoin is only going to grow from there on.
Following my curiosity for Bitcoin Ekasi I was able to see kids in their teenage years buying bread and paying with Bitcoin on their mobile phones. These are the future generation of Blockchain technology and cryptocurrency. Perhaps some of them might develop the interest there on and end up building blockchain Apps. This is a lot possible these days with education accessible on the internet and not having to deal with financial difficulties for college or varsity.
Africa have an opportunity at its disposal, the continent have been rendered poor for decades as results of embezzlement, corruption and mismanagement by it's leaders. Bitcoin, cryptocurrency with the underlying technology blockchain offers the chance to work outside the norm system. There's so much hope and potentials from crypto, we just need to put it to use for outcome.
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Hopefully it does get more and more adopted.
It is great to see the changes, how little they may be for now.
It all is still developing. A big chance for change in Africa…
And it is exciting to be in the middle of it. 🤓😎
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Thanks Jackie it is exciting to be right in the middle of cryptocurrency's growth towards adoption. Every little acceptance of Bitcoin adds up to the big numbers we long for.
!PIZZA
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Yes, it all adds up Joe 🤓😎
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Many thanks for the pizza
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You are welcome 🤓 🍕🍕🍕🍕
Likewise…
Perhaps, I should take up surfing!!
Lol might be a good idea!
!PIZZA
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Wow cool. Let’s hope all these regulations and sanctions and stuff don’t fuck it up for everyone
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Hopefully not, the ordinary people are beginning to see the use of Bitcoin for their advantage.
!PIZZA
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Great post bro, every time I see bitcoin get adopted, I get excited. It's only a matter of time before people start realizing the truth about bitcoin and cryptos. It's truly an interesting time to be alive, everything is slowly coming online and we know what the medium of exchange will be. Do enjoy your Friday and weekend ahead :}
It is exciting seeing people making use of Bitcoin and getting enlightened in the process. Bitcoin having to penetrate to such a local community is awesome.
Have a good weekend bro, many thanks.
!PIZZA
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I think it's good to see more countries adopt BTC but I really wish to see more off-ramps for crypto first. I think being paid in BTC or other cryptos isn't as convenient if you need to spend it on daily goods.
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Crypto off ramps bypassing the banks is what I always wish for, I wish that comes to reality in the near future.
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very correct,,,to those who knw its value
Absolutely, hopefully they don't focus on making profit with Bitcoin alone but explore other potentials with crypto space.
!PIZZA
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Spin off using Bitcoin being the only coin spoken of, most add the well known name, what is Ekasi a NGO/NPO raising funds teaching crypto at the same time according to their wordpress.com site.
A name I have seen previously eKasi not sure how far this venture went.
Definition of name from FB page, hopefully something somewhere adds value!
Really hope this is tethered to a strong coin where spot rate is clearly explained to the user, always hopeful, waiting a long time for positive outcome without government interference that could blow projects clean out of the water before they even get traction.
!BEER
Good digging Joan, I think I have an idea what Ekasi means but not sure lol.
Hopefully a more meaningful achievement other than using it at spaza shops come out of this, those shop owners needs to be made aware of Bitcoin's volatility.
I do think there's a probability most will get inquisitive down the rabbit whole for broader exposure. No time to be waiting on government these day and age.
!PIZZA
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Hoping like hell that whoever introduces people to crypto teach them about safety of wallets, spot rates, exchanges, I get extremely worried when people arrive with quick easy solutions.... poof money is gone!
I don't say this is the case, it is a big concern! Never touch another persons money unless you want enemies.
Politicians, Banks, Insurance, Lawyers know how to line their own pockets, drag everything through a "Commission" or "Court" to what end, they win, they have the bank balance to prove it.
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