How much % of spending money in adult is crypto right now?

[lockept93]

When we include all paysites, subservices, camsites and so on - how big is the part of crypto money?

[CurrentlySober]

tree fiddy

[zijlstravideo]

Last year, I believe the average was around 1% to 1.5%... Maybe a bit higher by now. Likely still very low.

[fuzebox]

Less than 0.1% across the board.

The 1% figure is just companies that have actually integrated it.

[plsureking]

you can't sell subscriptions or pay out affiliates with an unstable currency. your subs are worth a different value every day. i can sell a $30 sub for the BTC value and then it drops 20%. i just lost 20% and i still have to pay the affiliate. it doesn't work (yet).



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[wankawonk]

Originally Posted by plsureking

you can't sell subscriptions or pay out affiliates with an unstable currency. your subs are worth a different value every day. i can sell a $30 sub for the BTC value and then it drops 20%. i just lost 20% and i still have to pay the affiliate. it doesn't work (yet).



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1) you can't sell a subscription in crypto anyway, there's no way to bill users

2) if an affiliate wants to be paid in crypto -- you force THEM to take the risk. they get credit $30 to their account when they make a sale -- when its time for a payout, if they want crypto, you make the conversion USD->crypto right then and there.

I do understand there are accounting considerations from the business' perspective.

[jscott]

Originally Posted by fuzebox

Less than 0.1% across the board.

The 1% figure is just companies that have actually integrated it.

Love it! Reminds how early we are. These companies don't even use Lightning yet.

[jamezon]

there are stablecoins to overcome fluctuation concerning payouts and they do work fine, could be a great option . the subscription thing is another problem. ... sooner or later one blockchain will come up with a solution for rebills. lets see and wait

[bugmenot4real]

for me 100% but for everyone i guess it should be around 2-5%.

[el_mago]

Originally Posted by plsureking

you can't sell subscriptions or pay out affiliates with an unstable currency. your subs are worth a different value every day. i can sell a $30 sub for the BTC value and then it drops 20%. i just lost 20% and i still have to pay the affiliate. it doesn't work (yet).



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You can auto convert crypto to fiat when making sales through crypto you fucking idiot

[plsureking]

Originally Posted by el_mago

You can auto convert crypto to fiat when making sales through crypto you fucking idiot

losers are so brave online..

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[jscott]

@plsureking, he has a point

paid in BTC you can:

a.) keep in BTC and enjoy the ride up or down
or
b.) convert BTC to fiat instantly at point of sale

[lockept93]

Originally Posted by jscott

@plsureking, he has a point

paid in BTC you can:

a.) keep in BTC and enjoy the ride up or down
or
b.) convert BTC to fiat instantly at point of sale

Yes. But anyway there is no reason to insult someone who just dont know that yet.

And cause i know that my initial question was more about costumer payments - how big is the % of the costumers of a paysite that use crypto.

If the other answers above are right with still under 1% - it's pretty sad that there is no chance to make a service without creditcard or other "normal" payment methodes...

[jscott]

Originally Posted by lockept93

Yes. But anyway there is no reason to insult someone who just dont know that yet.

I agree with you. Insults suck

[Jazzix]

Crypto currency is way to volatile to be used as anything unless you can cash in immediately

Basically a scam

[fuzebox]

Originally Posted by lockept93

If the other answers above are right with still under 1% - it's pretty sad that there is no chance to make a service without creditcard or other "normal" payment methodes...

This industry is built on rebills. Most of these companies couldn't exist relying on manual, one-time transactions.

[jscott]

Originally Posted by Jazzix

Crypto currency is way to volatile to be used as anything unless you can cash in immediately
Basically a scam

that's a dipshit right there

(insult was surely invited with that ignorance)

[plsureking]

Originally Posted by jscott

@plsureking, he has a point

paid in BTC you can:

a.) keep in BTC and enjoy the ride up or down
or
b.) convert BTC to fiat instantly at point of sale

ya thanks, that's why i hopped into this thread. i haven't looked at crypto payments in a few years (since Verotel played with it). a client asked about crypto payments last weekend.

i agree with fuzebox about rebills. there's no crypto biller managing rebills? or its not technically possible?

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[zijlstravideo]

Originally Posted by plsureking

i agree with fuzebox about rebills. there's no crypto biller managing rebills? or its not technically possible?

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Not possible without some sort of escrow in middle holding the funds.


One quick and dirty solution would be paysites having their own hosted web-wallet, in which customers can deposit funds (to automatically pay the monthly fee), but also the option to withdraw their funds (in case they would like to cancel).

But that would also be kinda risky, considering it's no longer decentralized. And as a customer you have to trust that website holding your crypto funds.

[DFWKnight]

Originally Posted by plsureking

you can't sell subscriptions or pay out affiliates with an unstable currency. your subs are worth a different value every day. i can sell a $30 sub for the BTC value and then it drops 20%. i just lost 20% and i still have to pay the affiliate. it doesn't work (yet).



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spot on.

[DFWKnight]

Originally Posted by Jazzix

Crypto currency is way to volatile to be used as anything unless you can cash in immediately

Basically a scam

Squeeze isn't worth the juice just yet.

[charlie g]

USDT for the win. The only reason to accept any other coin is for pure speculation.

[jscott]

Originally Posted by charlie g

USDT for the win. The only reason to accept any other coin is for pure speculation.

When you have Bitcoin, limited supply & growing adoption against a forever inflating fiat currency, it's not really speculating is it? more like, common sense or logic.

[Mikehan]

Now days it quite down. Last year it was on peak. Invest some money and forget about 2 or 3 years. And sell when you think you have some good profit.

[plsureking]

Originally Posted by zijlstravideo

Not possible without some sort of escrow in middle holding the funds.


One quick and dirty solution would be paysites having their own hosted web-wallet, in which customers can deposit funds (to automatically pay the monthly fee), but also the option to withdraw their funds (in case they would like to cancel).

But that would also be kinda risky, considering it's no longer decentralized. And as a customer you have to trust that website holding your crypto funds.

thanks! ya i guess its no good for rebills. tips/tributes will work.

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