The narrative over the past few months has been that cryptocurrency adoption has been weakening.
To be honest, they are mostly right.
Several retail companies, gaming companies, and finance companies decided to stop accepting bitcoin and other cryptocurrencies mostly related to the high transaction fees and volatility of late 2017.
However, it's not all bad.
Check this out:
(Source: https://twitter.com/BKBrianKelly/status/986035777346957312)
This is on the window of a French Restuarant in NYC called La Sirene.
As you can see, they are cryptocurrency friendly.
Do you see what I see?
However, what is most interesting is what they do not accept as a form of payment...
Check those stickers at the bottom of the window.
That's right, La Sirene accepts bitcoin and several other major cryptocurrencies but it does not accept Visa, MasterCard, or Discover.
Interesting.
Hopefully we see more of this in the future!
Keep it up La Sirene.
(Source: https://twitter.com/BKBrianKelly/status/986035777346957312)
If I am ever in NYC, I know where I will be dining!
Stay informed my friends.
Follow me: @jrcornel
I wonder how much business they do in crypto and how much in cash.
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crypto is just starting
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The reality is that most of the card processors charge a very high fee to merchants that already have squeezed margins. They need to deal with them as most people now prefer plastic to paper. Cryptos are were the cards were 20-30 years ago where every merchant accepted cash but not all had yet adopted cards. The same story will repeat itself as consumers look for efficient ways to settle their transactions.
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Interesting thoughts. I could see that. Nice comment.
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You make a very good point! Sometimes people forget (or simply don't know) the history of things and have a difficult time seeing the future or new things that are similar to the older things. Its helpful to be aware of the past.
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Huh, I wonder why they still accept American Express, but not Visa, MasterCard or Discover.
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Ha, I wondered that myself.
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Maybe it's because of the charges that those companies impose on their users that's why many use it.
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Everywhere I travel I look for these types of signs of adoption. Sadly I have not seen places with Bitcoin or other crypto sticks at stores or restaurants I have visited. I still keep a close eye out since it will be awesome once more and more places accept them. The more acceptance by stores the more stores around them will be forced to adopt. Hopefully the change reaction begins happening at a quicker pace.
One day I hope to only frequent business who accept crypto.
Thanks for sharing.
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Great hopefully it picks up
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Very good news ... the future is for cryptocurrency ..hoping that it will become more widespread internationally
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That is just awesome. Good stuff as always @jrcornel!
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Outstanding. ..fud can not overcome reality. ..we are about to blow....wide open
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This is awesome. We need more public adoption of cryptos.
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Though not the best of it, but Pornhub is the latest addition to the growing family of adopters.
Sooner than later, we are getting to the tipping point; when it becomes, 'if you can't beat them, join them'
Let's keep hope alife my friends. Crypto Rules!!! Thanks @jcornel for the update.
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I jumped in the Alt World and noticed the sudden gains and green on
BNB, XRP, XLM, HIRE, NCASH, ZRX, EOS, GNT & watching ONT.
Very happy with returns thus far. Practicing with Fibonacci 8, 13, 21 & 55 day moving average lines (Blue, green, Yellow, Red respectively) plus RSI and Bollinger Bands to time Intraday trading decisions.
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Very nice post..
I love bitcoin..
Thanls for sharing valuable post...brst of luck
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"Privacy remains a fundamental hindrance for individuals, organizations, and industries that care about privacy and individual sovereignty," she states.
The fact that popular ledgers such as the Bitcoin and Ethereum blockchain make every single transaction open to the public has received plenty of (negative) attention in the financial world. "The privacy requirements for blockchain and crypto won’t be any different to current regulations applied to any other technology in financial markets,” warned the former chief digital officer of global transaction banking at Deutsche Bank, Edward Budd, last yea
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Lol amazing! To quote legendary bitconnect shill Carlos Matos ‘the world is no more the way it was ha ha no no no! We are coming and we are coming in waves. Faith and believe is all we need to change the world’
The day I can pay for all my fatty snacks with crypto is the day I feel we’ve arrived
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Interesting business decision. I'm curious how many crypto transactions they actually handle each month..
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Signs of the approaching mass adoption; that's great, @jrcornel! Thanks for sharing :-)
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Many just don't know about crypto. If they did then would adopt more and more of these digital currencies. Great post though!
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I love this picture because thats the future we are heading towards cryptocurrency will prevail
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Well that’s great i hope to see that in my country too
Thanks for sharing @jrcornel
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Great, I'd love to be able to visit that place, good post!
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Now THAT is interesting! Here's a tip! for sharing that info with us! It shouldn't be too long before Visa/Mastercard etc. are relics of the past!
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Crypto is the future, it is obvious that we are living the future already.
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This is great!
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Hi @jrcornel
That is a very cool sight to see. Let's hope that this type of shot becomes a regular occurrence soon. I especially love the fact that they are refusing to accept some of the credit cards and proud to advertise the fact too.
I currently live in Bucharest, Romania and there is a tiny exchange at the end of my street that advertises that they deal in Bitcoin, Etherium, Ripple and Litecoin. Not as cool as your cafe but cool considering its Romania. I guess it doesn't matter where we are situated in the world the crypto revolution is coming!
Cheers, Gaz.
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The first one to adapt change is the first one to experience change as well. I think this restaurant understood the potential of cryptocurrency and the technology behind it. They're not scared of innovation.
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Hey @ jrcornel, great post! I enjoyed your content. Keep up the good work! It's always nice to see good content here on Steemit! Cheers :)
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Hahaha.... I love this.... The owner is definitely a crypto believer. I think this is what I would do, if I had one.... In reality... People fear what they don't understand... Hence, the bad hype
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Hi @jrcornel! You have received 0.1 SBD tip from @dmcamera!
@tipU is looking for SP delegators: pays out 100% of profit to all investors - more info here.
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I believe it is only common sense that in future Cryptos are going to get further popularity. But, you can’t expect everyone suddenly picking it. I am not sure if this is something that is going to make sense. Everything is going to lay out in very much step by step way. We just got to focus on investing into some real deal.
This is where and why I really love and like XefoCoin, it really got all the stuff you could be wishful of seeing. The greatest part is that through their XefoCoin Card, it will be possible to easily convert the coins into local currency, as long as the Visa option is accepted with ATMs. They have the sales on to run till next few weeks with 35% bonus; I don’t think it should be missed. https://xefocoin.io/
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We all hope so. When more companies accept cryptocurrency than it will be good for us.
Nice post.
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The great thing about adoption is that it keeps happening regardless of market price. While the media is quick to report "Bitcoin crashes" and "Bitcoin rises" adoption just keeps tracking along at a steady state.
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That’s pretty cool... I have seen more places taking bitcoin for payment, but this is an expanded acceptance and it’s crazy they aren’t taking the major credit cards!
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What that is also doing is attracting a certain type of customer.
Some people will complain, but you know the people walking in are hip to the cryptos and fairly open minded kind of people.
I love it!
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hey great @jrcornel yes you are right i clearly see what you see. Future is for cryptocurrency and i like your thoughts thanks for sharing. I believe that everything has its own benefits and disadvantages also its upon us to decide what to chose according to given circumstances.
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what's the problem about master card?i think business in crypto is being difficult.but it's their planning...so we just share our comments.
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@jrcornel, I want to tell about acceptance of BTC in Indonesia, Banks are not legally allowed BTC exchange in Indonesia, but BTC users in Indonesia is very high, for me BTC must be a medium of exchange in Indonesia, because there is not much tax.
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They should just have a no cash symbol :-D
See how much BTC they can stack up in this bear market
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Absolutly,this is great post.Thanks a lot sharing this informative post.we know many unknown this from your valuable post.
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Thanks for sharing. I've smashed the upvote button for you!
We are seeing more and more adoption, it's great!
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