This article was first published on PIVX
It seems these days a lot of projects are boasting that they’ve managed to get their coin accepted in a retail store or through some kind of payment network that already exists in stores around the world. This kind of news can seem exciting, but in the long-term, is it important? Will it be one of the defining characteristics of which coin or token gets adopted first? To answer this question we need to consider a few different factors. Join me as I go over this interesting topic and figure out whether or not retail adoption matters.
The case against retail
Let’s suppose for a moment that you go to your favorite store. On the counter, you notice an unfamiliar-looking payment terminal with a few logo stickers on it that you don’t recognize. As you have been going to the store for years, you likely have a payment routine that you are already used to. As such, you are likely already reaching for your wallet or your mobile device to make your payment. If you are like any normal person, most likely you will ignore that unfamiliar looking terminal as either; you don’t know what it is, you assume that it’s for other people, or you consider it irrelevant to you.
Let’s assume further that you are a typical person and know little to nothing about cryptocurrency. Even if someone were to tell you that the payment terminal is for “cryptocurrency”, these words may likely be little more than gibberish to you. If you are over a certain age, you might just assume that it’s some trend for teens and nothing to concern yourself with.
Let’s look at it this way. The simple fact is that people have been buying and selling things for millennia without the need for cryptocurrency. ...
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