To be honest, I was optimistic some time again that crypto payment systems would be going mainstream but as it continues to linger, it is bringing some doubts. Understandably,  Bitcoin have gained so much awareness but the adoption and acceptance among the general populace is still falling behind.

Before Bitcoin and other cryptocurrency will be accepted fully in the mainstream as payment option, there should be some  competitive advantage it presents over conventional payment systems. Apart from the convenience, privacy and speed, Bitcoin for instance is still appearing to have more expensive transaction fees than fiat amidst prolong confirmation time. Even when this is temporary,  the recurrence nature of this put so much doubt in the hearts of people and businesses.

Nevertheless, as with every new innovation, cryptocurrency will smoothen rough edges from there more innovations will be unlocked to fully harness the potential of thos azong technology.

The number of TX processed per second in Bitcoin is still the biggest debate and a point of concern when we are talking about Bitcoin as mainstream payment but the evolutions of Lightning Network may be the solution to cut down every on-chain transaction that we may on the day to day purpose but we are still a long way from saying Bitcoin took over the place of traditional fiat system in the mode of payments.

Currently, traditional payment is still number one. This is still influenced by several factors, a person's understanding of crypto is still uneven and limited, plus transactions per second are still not able to handle large transaction cases. Moreover, if the BTC network is congested, this can affect transaction costs which are sometimes more expensive when compared to traditional (referring to transactions with small amounts). Of course, with future technological improvisations in Bitcoin and crypto, this does not rule out the possibility that Bitcoin will one day be able to replace traditional payments.

Bitcoin is likely to pave more height as we dive into the future through digital currencies, of which I know the very factors that will contribute to placing Bitcoin at hedge is it's ability to offer users the ability to send and receive payment with alpha-numeric codes without reviewing the person's true identity, unlike in the case of traditional banks

Whereas, another factor that may kind of hinder Bitcoin been generally used is its high cost of transaction fee and delay on confirmation most times when the mempool is high.

It's still not going to be mainstream but there will be a huge growth in crypto users which merchants will also increase. At the same time, countries are rushing to develop their CBDC which will likely be taking the stage when they roll out before BTC could even make it to become mainstream.

However, I will still be satisfied that crypto can be used as currency and at the same time an investment. This I think can't be changed even after decades as it will continue the innovation of the financial system.

There are some obstacles like the high cost in fees and delay in confirmation of transaction due to congestion on the Bitcoin blockchain but this won't be a problem in the future because a solution will be introduced (and that's my belief). I strongly believe Bitcoin is still very new and in the future solution will be introduced that'll make Bitcoin over capable of handling more transaction without experiencing delay due to congestion of the network. We're over expectant of Bitcoin achieving global adoption that we don't appreciate how far Bitcoin has come in a very short timeframe. Bitcoin hasn't lived up to two decades and we have come this far, why is there doubt that more can't be achieved in the future. Bitcoin will go mainstream not altcoins as others are suggesting. More institutional investors are coming into the industry and they'll play a role in normalizing mainstream Bitcoin payments.


I believe both will coexist because Bitcoin wasn't created to replace the traditional means of transaction, it was created as an alternative meaning they both can coexist and function properly. The truth of the matter is the government won't give up their centralized system to adoption a decentralized system that won't favor them but with time they'll realize they can't kill the industry by fighting it and just accept it. When this happens that's when Bitcoin will achieve its main stream dominance and Bitcoin payments will be recognized globally. This mightn't be happening anytime soon because I believe it's still too early but it's an inevitable scenario.

Honestly I don’t see it anytime soon.

Right now everybody is getting into crypto to get rich and they aren’t going to be making micropayments to pay for their coffee.

The technology is there already. Many businesses can already accept crypto easily with exchanges such as Coinbase but they don’t because they assume there is no demand for it, at least yet.

It’s a different story in emerging markets however. Those markets will have more and more crypto adoption for daily life instead of places like USA.

I don't think it's going to come to that point in my lifetime, I am sure that there's a lot of people out that don't know how to use crypto or how to even use it as a payment so I don't think it's ever going to happen anything soon at least that's what I think will happen. Fiat is still a more appealing to more people even today for many people here in the forum so I still believe that crypto payment as a first choice for many people is going to be mainstream anytime soon.

Indeed, cryptocurrency is at a very important point in the history of money. There will be problems along the way to wide use, but it has a lot of potential. Although crypto payments have potential, lets not ignore the big problem: cost-effectiveness. They cost more than traditional ways of payment right now. Take a look at this: cryptocurrencies offer the best protection and privacy, but the fees for transactions, especially small ones, often outweigh the benefits.

However, there's a flip side: credit payments. A credit account, bonuses, and ease of use arent the only things that they offer that crypto payments dont fully support yet. But does this mean we dont believe in crypto's future? Certainly not! The way technology has changed over time shows how adaptable and creative people are. Cryptocurrencies might change over time, making them cheaper and easier to use. The future of banking isnt set in stone; there are many options that could happen. What does cryptocurrency have to do with this? It is important, but the strategy needs to change for it to really shine.

The huge growth in crypto right now is the adoption part, holding and creating value but I don't see any improvement in the payment solution side, not even a single one, there are few crypto payment companies but they are not progressing but they exist, even if ETFs get approved i don't believe that crypto payment will grow, its a matter of choice and consumers only want to build wealth with crypto not use them as means of payment.

I am accumulating good crypto projects and I won't be using any to make payment online, if I am to use crypto to make payment I will have to buy the coin back again for long term holding, but I do like getting paid in Bitcoin, since the Bitcoin transaction fee have increased it's become hard to get paid in Bitcoin, it's now up to a month that my customers have paid me with Bitcoin, it's like things are getting slower.