Topic: Bitcoin adoption and payment gateways (Read 364 times)
Bitcoin is not a company; it is not owned by anyone. It is a technology that uses a cryptographic method to exchange money. It is almost like a P2P Torrent system except what they share is a cryptographic currency.many of bitcoin payment gateways like for example https://www.puutwallet.com/
If Bitcoin used for payment instead of the cash, also also profit and face. Lợi ích là do chúng ta thanh toán nhanh chóng accounts on the network. The default of the followingities are exclusive for they are for a valid law.
Bitcoins payment is most easy and transaction fee free
I don't think that bitcoin transaction is made free but it has minimal fee compare to another centralized financial institution using the third party to enable the transaction. Yes of course , i think that bitcoin will be the future of everything
Not just Bitcoin but the blockchain technology itself. It will make so many things easy and self worth to use. As more use case come on board, it will gradually expand the scope of the technology to all area of life.
Bitcoin adoption and payment gateways
Accept payments in a matter of minutes. Best implementation for your business! No Chargebacks & Refunds. Daily Payments. Double Secure Protection. Low Commission....
Accept payments in a matter of minutes. Best implementation for your business! No Chargebacks & Refunds. Daily Payments. Double Secure Protection. Low Commission....
I think that payment gateways help a ton in BTC adoption/normalization. We find that most of our customers have clients/buyers that would like the opportunity to spend their BTC on a regular basis. The more frequent the day-to-day transaction opportunities become, more "normal" using BTC to pay will be.
Is Bitcoin payment processors helping with the adoption?
My concern is merchants that accept Bitcoin as a form of payment use these payment gateways. to my knowledge these payments processors pay USD or some sort of fiat back to the merchants. Putting aside the publicity Bitcoin gets it only takes Bitcoins from customers, sell it at the market price and pay the merchants.
This might not be a bad thing But we basically exchange exposure with extra selling pressure.
Or this exposure brings in more Byers.
My concern is merchants that accept Bitcoin as a form of payment use these payment gateways. to my knowledge these payments processors pay USD or some sort of fiat back to the merchants. Putting aside the publicity Bitcoin gets it only takes Bitcoins from customers, sell it at the market price and pay the merchants.
This might not be a bad thing But we basically exchange exposure with extra selling pressure.
Or this exposure brings in more Byers.
The vast majority of merchants don't have a choice. They can't include btc payments in taxes (in most countries of the world) and can't be sure about stable prices.
This might be true that merchants may not just include the bitcoins into their bank transactions because if they do then either will get abide to the laws where there is prohibited use of the bitcoin and thus may become a trouble for them. In some other instances merchants themselves may not be happy with the tedious process of accepting the bitcoins and then converting them into the fiat currencies. This can consume the time and if in the process BTC value decreases then that could be troubling thing too.
In my opinion Bitcoin should not be used as a coin for payments because of it's volatility, I'd rather see a good coin with a stable price used for that matter.
bitcoin may adopt in different online transactions that makes every transaction online more efficient,reliable and secured while opened doors and other gateways of todays innovative technology.Thus,bitcoin adoption and payment gateways are also focusing on the sustainability and availability of online transactions.
Is Bitcoin payment processors helping with the adoption?
My concern is merchants that accept Bitcoin as a form of payment use these payment gateways. to my knowledge these payments processors pay USD or some sort of fiat back to the merchants. Putting aside the publicity Bitcoin gets it only takes Bitcoins from customers, sell it at the market price and pay the merchants.
This might not be a bad thing But we basically exchange exposure with extra selling pressure.
Or this exposure brings in more Byers.
My concern is merchants that accept Bitcoin as a form of payment use these payment gateways. to my knowledge these payments processors pay USD or some sort of fiat back to the merchants. Putting aside the publicity Bitcoin gets it only takes Bitcoins from customers, sell it at the market price and pay the merchants.
This might not be a bad thing But we basically exchange exposure with extra selling pressure.
Or this exposure brings in more Byers.
The vast majority of merchants don't have a choice. They can't include btc payments in taxes (in most countries of the world) and can't be sure about stable prices.
Is Bitcoin payment processors helping with the adoption?
My concern is merchants that accept Bitcoin as a form of payment use these payment gateways. to my knowledge these payments processors pay USD or some sort of fiat back to the merchants. Putting aside the publicity Bitcoin gets it only takes Bitcoins from customers, sell it at the market price and pay the merchants.
This might not be a bad thing But we basically exchange exposure with extra selling pressure.
Or this exposure brings in more Byers.
My concern is merchants that accept Bitcoin as a form of payment use these payment gateways. to my knowledge these payments processors pay USD or some sort of fiat back to the merchants. Putting aside the publicity Bitcoin gets it only takes Bitcoins from customers, sell it at the market price and pay the merchants.
This might not be a bad thing But we basically exchange exposure with extra selling pressure.
Or this exposure brings in more Byers.
It's not selling pressure at all. The buyers when they are buying any goods essentially are letting go of their coins in exchange for something else. The merchants exchanging it to USD contributes nothing to the selling pressure on the larger scale.
But this has been a question that I've been thinking about as well, whether payment gateways are really helpful in allowing merchants in particular in adopting bitcoin.
It definitely does simplify the steps for the merchant to set up and accept bitcoin payments, which is definitely a positive, as they can deal without the chargebacks with traditional paypal and credit card payments. However, they're not truly accepting bitcoin, but rather, just using bitcoin as a gateway for USD.
From a purely adoption point of view, it does boost adoption numbers. However, what really needs to happen in the long run is merchants accepting bitcoin at face value, without converting it to USD instantly, as that would be what brings price stability.
It is true that bitcoin is paid to merchants through payment gateways, where traders accept in the form of fiat money. Through the payment gateway process, it is easier for traders to accept bitcoin and making an overview using bitcoin is no problem. Because direct payments occur and the sale value of the bitcoin is clearly approved. This is one solution so that bitcoin is easily accepted in trading, so bitcoin can become a ubiquitous payment instrument.
Very sure that by the time mass adoption and acception sets in, Bitcoin will be good to go whether in USD value or BTC value. More channels to accept Bitcoin will give merchants a stress-free situation.
Yes of course , i think that bitcoin will be the future of everything
I think that bit coin payment helps in bit coin adoption. The more will be the payment, the more will be the adoption. Payment bit coin will increase the investors as many people will learn about this and hence there will be a mass adoption.
From my point of view its totally right what you say. Fiat being engage surely. Bitcoin does bring out cond wallet. I believe its just a matter of time. Anyone don’t need to pay any change for it.
Bitcoin volatility is unpredictable that is why it is hard to have a transaction with BTC to fiat currency. Sometimes the movement of price of Bitcoin shoot up and shoot down and merchants will be hold or sell bitcoin before to decide converting to fiat money again.
I also agree with you. There is surely fiat being engage. A cold storage wallet does bring bitcoin. I think btc server will help us it just a matter of time. The marchant don’t need to pay any charge lit coin payment.
BTC being adopted as payment is a positive thing to consider in many ways. But merchants who trading BTC with gateways are not getting much benefit from it rather they might get from if they received BTC and held it for longer though it might be worth a risk also. Gateway or third parties are getting much benefit from the issue you were discussing. Thus, there are many companies and stores who are getting Coins directly in transactions and keeping them.
Adopt bitcoin for such thing is not so appropriate for now, bitcoin price is too vilatile so the most appropriate methode is by use vendor service, so vendor will manage all transaction that use bitcoin but merchant will still get fiat. You should look at how purse.io works.
Jump to: