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Will retailers start accepting crypto currencies؟

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Such a time is yet to come. Cryptocurrencies have already started their venture into the markets. There is a huge journey ahead for cryptocurrencies in the future. it is necessary that the users be patient with the available bitcoins so that when the time comes these can be used to trade with retail traders as well.

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Retailers don't really need to accept cryptocurrencies to get people use them. There are various third party solutions like crypto visa cards that can easily change cryptos to fiat money fast. Then you can just juse that visa debit card normally to buy stuff.

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Retailers do not particularly work with crypts due to possible restrictions from state laws. The key feature of cryptocurrencies is decentralization — the absence of any internal or external administrator. Therefore, banks, tax, judicial and government authorities cannot influence the transactions of users of crypto assets.

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On 12/20/2019 at 2:59 PM, SuperCrypto said:

The Microsoft-Starbucks Partnership and the ICE International Exchange are one of the signs that retailers are beginning to accept cryptocurrencies as a simple payment method.
Other companies will soon start noticing the benefits to Starbucks when customers pay for products using cryptocurrencies, using newer and faster infrastructure that did not exist in the past year.
 Today and in this age, refusal to accept payments using cryptocurrencies will become a denial of potential increased income opportunities, especially when the number of people who choose cryptocurrencies as their preferred payment method begins to increase.
In the same way that the store that accepts credit cards offers more options for consumers and increases its potential profits. A store that accepts cryptocurrencies can significantly broaden its reach to customers in the market, which everyone will start doing sooner or later.

Yes, you have the right of cryptocurrencies on the way to becoming a payment chain for large sites, so you can buy anything on the Internet using cryptocurrencies. This is wonderful, as it will make it easier for many, especially because of the difficulty of obtaining a Master Card and the difficult Paypal policy. I think it will be a big breakthrough for cryptocurrencies

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On 12/20/2019 at 3:59 PM, SuperCrypto said:

Other companies will soon start noticing the benefits to Starbucks when customers pay for products using cryptocurrencies

Has this started with Starbucks because I don't remember what happened. Was starbucks denied they will accept crypto? Because I would love to buy a coffee with crypto and make a video of it if this is possible. It would do wonders for adoption.

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I think that retail traders accept in principle dealing with cryptocurrencies, but some of them hesitate to use Bitcoin or other currencies due to unstable prices, but alternatives are present in the USDT currency, with a fixed price that can be dealt with.

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A lot of shops in my country Venezuela, are accepting crypto as form of paying for goods and services, I hope all the retailers start to do the same, this is a really fast and safe form of pay, this are great news for all of us

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They accept some crypto cards and some other mobile applications but this is not the same. We didn't make the cryptocurrency system to become another middleman between the middleman banks and the customer and merchant. Crypto doesn't require to be used in this form and I disagree with all the people that are happy to buy a crypto card. This is nonsense. Have crypto in your wallet and ask the shops to accept crypto directly.

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Retailers will start taking the cryptocurrency and making a lot of money, as prices drop.  Bitcoin prices are low now.  It is a good step.

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Bitcoin and maybe other crypto’s will be more accepted in the future. Only in the beginning the retailers will transfer the payments immediately back to fiat, in that way they don’t own bitcoin the self but they only provide an alternative payment option. 

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They accept gift cards right? Why won't they accept cryptocurrencies that are easier. They just don't like currencies that are not government money and they are afraid of prices and how they can make all the accounting with crypto payments but they will come into terms.

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Retailers accepting cryptocurrencies sounds like a dream. Although not many retailers take crypto yet I believe we are going in a promising direction because electronic transactions are more and more common today than using physical money, as thus it is only a matter of time that retailers start taking crypto not only because they are willing to do so, but because they have to, otherwise they might end up without costumers. Although banks and cryptocurrencies are frenemies, banks are extremely interested in finishing the era of paper money because of the high cost and are keener to continue implementing electronic transactions for the same reason.

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This is the biggest opportunity and I also want to say a good news for every one. This is showing that now the cryptocurrencies are making easy our life.

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On 12/20/2019 at 7:07 PM, tienda said:

Yes retailers will start accepting crypto currencies in the future, but I m not sure with this situation of Bitcoin price or others cryptocurrencies price, the price is very volatile, so if they will get a stable price sure and sure they will start using crypto as payment.

If I totally agree with you, I echo the answer you provide to this publication since, as you say, cryptocurrencies are very volatile, therefore at the moment I think it is unfeasible
A big greeting to the whole community

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We must all take this news positively, each sector that adds to the acceptance of crypto helps to improve its use and puts it closer to better prices and better positioned in the market. This means that teams are looking for improvements for each currency in terms of their platforms. As long as they have better transactions they will have more customers who will use their networks and currencies. It is common benefits for the entire crypto community.

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I think there are not mainly accept the crypto currencies but Microsoft is one of them accepting the crypto currencies. But will take completely time for accepting this. But in future I'm sure that every small or big company will accept this. Because it is the revolution in the industry of crypto.

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On 12/21/2019 at 7:38 AM, xpertt said:

Yes, many retailers are adapting to the use of bitcoin and obviously they were already cryptocurrencies, but there is a factor that is remaining a problem for crypto users, that how will it work because we all know that cryptocurrency is volatile and we cannot understand how user will pay with the use of it if the price is always changing.

There are many shopkeepers who are doing business using the crypto currency and the people are using crypto to buy and sell goods because they want to adopt and try the new technology.


Youtube ChannelSocial media Assets, Websites and Plugins are available in a very reasonable price 😇 TALK Token is also acceptable.

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They should be able to accept crypto currency since they are only about business and the purpose of business is to earn profit which is the main goal why they have established that. That is actually accurate when the author said that refusing crypto currency is also a refusal to potential profit to your business which I think is an opportunity being wasted since you are also closing the potential market that might be a potential source of your profit as well for your business. I would say that as a business, they should be able to adapt to the changes to their environment so that they would not be left behind by their competitors in the industry.

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Retailers will start accepting crypto as payment if rules regarding cryptocurrency in a country already exist. Currently the rules prohibit if cryptocurrency can be used for retailers, there is no legal umbrella that we can use to get started. I don't know in other countries whether it can be used or not, in my country no one can accept cryptocurrency as a retailer yet. Maybe the future will come soon.

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On 10/12/2020 at 11:18 PM, Mohmaza said:

Retailers will start taking the cryptocurrency and making a lot of money, as prices drop.  Bitcoin prices are low now.  It is a good step.

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I think that retailers does not need the price to drop they need it to be stable, but crypto favors traders more than it favors retailers.

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1 hour ago, Onden said:

Retailers will start accepting crypto as payment if rules regarding cryptocurrency in a country already exist. 

yes, that's fully true, but evn if the legal authorities accept crypto, there still will be people/organizations that refuse its use du to the price volatility and the -relatively- high transaction fees, so it's not practical to use crypto.

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I hope they will, it has been many years now that cryptocurrencies keep expanding and still many retail stores are not accepting cryptocurrencies. It is something that they don't see that it will weaken their business as already some businesses are performing better and getting a part of the competition when they accept crypto. There will come a time and I hope it will be next year when most of us would only hold crypto in our pockets (wallets) and only pay shops with that. What would they do then keep accepting only fiat?

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For now its going to be difficult because cryptocurrencies are not accepted everywhere. Not all countries accept cryptocurrency. But soon it will be widely accepted and many retailers will have a simple way of accepting cryptocurrency payments. 

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It is a very complicated issue, there are many who accept payments with virtual currencies and many at the same time refuse since the price is not very stable

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The bulls on the pair took advantage of the dollar's overbought condition to return it to the lower boundary of the medium-term corridor of 1.2500-1.2800 in which it had been moving since the end of November last year. However, they did not have enough strength to consolidate within the corridor. The two-week maximum was recorded at 1.2540, after which, pushed by US PCE, the pair went down again and ended the five-day period at 1.2492.   According to specialists from United Overseas Bank, as long as the support at 1.2420 is not broken, there is still a possibility of the pound breaking through the 1.2530 mark. The next resistance, according to them, is at 1.2580. The median forecast of analysts regarding the behaviour of GBP/USD in the near future looks maximally uncertain: 20% voted for the movement of the pair to the south, the same amount – to the north, and the majority (60%) simply shrugged their shoulders. As for technical analysis, the trend indicators on D1 point south 65% and 35% look north. Among the oscillators, the picture is mixed: 25% recommend selling, 25% – buying, and 50% are in the neutral zone. In case of further decline of the pair, it will encounter support levels and zones at 1.2450, 1.2400-1.2420, 1.2300-1.2330, 1.2185-1.2210, 1.2110, 1.2035-1.2070, 1.1960, and 1.1840. In case of growth, the pair will encounter resistance at levels 1.2530-1.2540, 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, 1.2885-1.2900.   No significant statistics on the state of the UK economy are planned for the week.   USD/JPY: Reached the Moon, Next Target – Mars?     We called the previous review "Higher and Higher". Now, it is worth asking at what altitude will this flight into space end? When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy?   At the meeting on April 26, the members of the Japanese Central Bank unanimously decided to keep the key interest rate at the previous level of 0.0-0.1%. Moreover, the regulator removed from the statement the reference that it is currently buying JGB bonds for about 6 trillion yen per month. The statement after the meeting states that "the prospects for the development of the economy and prices in Japan are extremely uncertain," "if inflation rises, the Bank of Japan will likely change the degree of easing of monetary policy," however, "it is expected that the eased monetary policy will be maintained for some time."   The market predictably reacted to such decisions of the Japanese Central Bank with another Japanese candle on the chart of the USD/JPY pair. The maximum was recorded at 158.35, which corresponds to the peak values of 1990. There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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