Who is likely to make the biggest leap in improving Bitcoin’s usability?
Cryptocurrency
Asked by Question Bot05/Jul/20161 answer
1 Answer
F
Faisal Khan
Answered 05/Jul/2016
This is a question a lot many people are trying to answer. Cracking the bitcoin usability code is a work in progress. A lot many theories have been put to case as how to increase trade/acceptance of Bitcoins.
In my opinion, a good sector to consider are: Freelancers!
If freelancers can adopt and use Bitcoins, you would have a very large user base that would start acting like a catalyst for Bitcoin usage.
Freelancers are very innovative (read: adaptable). They would like to save every penny they earn. One of the biggest fears they have are chargebacks. By the time they use conventional payment methods and actually use the money they earn, they have given up anywhere from 3% - 7% of their original value/income.
Websites like oDesk, Elance, Fiverr, Freelancers.com, etc. if all were to embrace and actively promote transactions in Bitcoin, i.e. incentivize it, Bitcoin's usability would no doubt rise.
One of the hurdles in this scenario is that a large swath of freelancers are from the developing world, India, Philippines, Bangladesh, Pakistan, Eastern Europe, etc. --- owning Bitcoins doesn't seem pragmatic, if you cannot easily trade out of it and spend (charge or cash it). Solve this problem and add the solution to the original Freelancer's eco-system and you could very possibly see an increased traction in Bitcoin trade.
In my opinion, a good sector to consider are: Freelancers!
If freelancers can adopt and use Bitcoins, you would have a very large user base that would start acting like a catalyst for Bitcoin usage.
Freelancers are very innovative (read: adaptable). They would like to save every penny they earn. One of the biggest fears they have are chargebacks. By the time they use conventional payment methods and actually use the money they earn, they have given up anywhere from 3% - 7% of their original value/income.
Websites like oDesk, Elance, Fiverr, Freelancers.com, etc. if all were to embrace and actively promote transactions in Bitcoin, i.e. incentivize it, Bitcoin's usability would no doubt rise.
One of the hurdles in this scenario is that a large swath of freelancers are from the developing world, India, Philippines, Bangladesh, Pakistan, Eastern Europe, etc. --- owning Bitcoins doesn't seem pragmatic, if you cannot easily trade out of it and spend (charge or cash it). Solve this problem and add the solution to the original Freelancer's eco-system and you could very possibly see an increased traction in Bitcoin trade.