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Topic: Bitcoin as a Mainstream payment method - page 3. (Read 412 times)

sr. member
Activity: 756
Merit: 276
March 02, 2023, 04:49:26 AM
#9
I think some persons are having second  thought about using bitcoin because they don't have a concrete knowledge of it.

I think to make bitcoin a mainstream payment method, we need to employ owner of malls, Restaurant's, shop's, eateries, online payment platforms etc, to widing their Bitcoin payment method, to make it one of the mainstream (Bitcoin) payment options more available to customers that patronise them. That way, people will start seeing it as verifiable payment method, which will in turn make lot's of them wanting to know more about Bitcoin, this way it help to mediate whatever doubt they might have.
legendary
Activity: 1722
Merit: 5937
March 02, 2023, 04:15:44 AM
#8
What does BTCitcoin needed in order to become a mainstream payment system?
The biggest obstacle I see (beside those that you already mentioned) is volatility, especially for people that are or on the minimum income. But even if bitcoin was more stable, there is another ((much bigger)) problem and that is people, as dealing with bitcoin means that you take responsibility in your own hands, and that's something majority of  people don't like/want. They prefer sense of false security by giving someone else their money so in case they forget pin of their debit card, they can just go to their bank and get another one, while we know that you can't do that with bitcoin.

After all, bitcoin doesn't even have to become mainstream payment option to be useful.
sr. member
Activity: 840
Merit: 437
March 02, 2023, 04:01:30 AM
#7
I know some of you would say improvements of Security, Scalability, and User Experience, but aside from that, What is the most needed for BTCitcoin right now?

Adoption and which is the sustainability for the currency being acceptable, the world has known bitcoin and some have adopted it, but yet we need to get to the rate of global acceptability serving as the most common and acceptable legal tender, we don't need to get worries about the security or scalability because all that has been dealt with while making the protocols on the bitcoin whitepaper and blockchain technology, all we need now is bitcoin massive adoption, awareness and orientation.
hero member
Activity: 1778
Merit: 710
[Nope]No hype delivers more than hope
March 02, 2023, 03:50:20 AM
#6
Bitcoin needs regulatory support.
Most residents in certain countries would still respect the law if their financial situation was relatively stable. Worse, such a country would not have a plan that they would allow foreign currency as a means of payment unless it had some truly revolutionary state officials.
legendary
Activity: 2254
Merit: 2406
Playgram - The Telegram Casino
March 02, 2023, 03:00:43 AM
#5
If fiat was an option and not a stipulated legal tender, then a lot of people currently depending on it would not and rather find alternate means to transact.
For Bitcoin to go mainstream, 100% of the people do not have to use it, it just needs to be easily accessible anywhere and available as a means of payment by merchants globally. There would still be preferences by people who prefer fiat, altcoins or some other means of transacting.

I know some of you would say improvements of Security, Scalability, and User Experience, but aside from that, What is the most needed for BTCitcoin right now?
Security and to an extent, user experience is not a problem with Bitcoin. As one of the most secure networks it only relies on the holder to use it the proper way and the user experience depends on the wallet you use to store you coins.
Scalability is a work in progress and is one major barrier to adoption, along with volatility.
sr. member
Activity: 938
Merit: 460
March 02, 2023, 02:53:09 AM
#4
"What does BTCitcoin needed in order to become a mainstream payment system? "
To break barriers and make Bitcoin goes mainstream, you need to see it goes to big names in traditional markets and industries like big banks accept Bitcoin for their deposit, withdrawal, exchange with fiat currencies or CBDCs.

Big names can be big techs too but it is what we are gradually witnessing.

Sum up, wait for big banks to accept Bitcoin and mainstream Bitcoin will open that gate.

Another thing I'd like to note, like other things in life, thereare two sides, support and protest. There are people who never accept new thing from a day they know it till a day they die. Let them be.
mk4
legendary
Activity: 2940
Merit: 3883
📟 t3rminal.xyz
March 02, 2023, 02:33:20 AM
#3
If we're referring to people in countries with decent currencies — adoption aside, people simply don't like holding/using money that's volatile; they want it to be as stable as possible. People simply want to pay for their daily coffee without worrying much about how much their "money" has moved.
legendary
Activity: 2856
Merit: 1024
DGbet.fun - Crypto Sportsbook
March 02, 2023, 02:22:19 AM
#2
Government acceptance, the biggest barrier to bitcoin right now is the government, as long as they accept and decide bitcoin as the mainstream payment method, everyone will have to accept and obey. People who don't like bitcoin and cryptocurrencies because they obey the government, if the government doubts and bans bitcoin, those people will never learn about bitcoin. And I think the possibility of bitcoin becoming a mainstream payment method won't happen, governments won't let that happen.
sr. member
Activity: 588
Merit: 351
March 02, 2023, 02:05:30 AM
#1
As the title implies, we all know that, almost the whole world knows about the existence of bitcoin and cryptocurrency, the problem is although more and more people are becoming aware of it, there're still barriers preventing them on using crypto. I have been into this social app called MEEFF(recommended by a friend of mine), and some of the people there dislike the idea of bitcoin and crypto. So, I was wondering why, but didn't bother to ask them since it's their own preference, and so it cross into my mind that "What does BTCitcoin needed in order to become a mainstream payment system? "


I know some of you would say improvements of Security, Scalability, and User Experience, but aside from that, What is the most needed for BTCitcoin right now?
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