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Topic: Bitcoin as a mode of payment - page 13. (Read 4364 times)

newbie
Activity: 84
Merit: 0
February 06, 2018, 10:41:12 AM
bitcoin can be an alternative means of payment, in addition to money
and also if we make a payment with bitcoin, we can hold it until the price is high, and it will provide multiple benefits
full member
Activity: 196
Merit: 100
February 06, 2018, 10:35:53 AM
Bitcoin holds the potential to change the nature of Monetary currency itself. And it being used as a mode if payment for services or products and transactions in private entities like banks is what it will be most effective. The high security features as well as its accessibility and convenience would be it's striking features that will entice users. But for now we must think of measures to make bitcoin viable not only as an asset but being a currency as well.
newbie
Activity: 143
Merit: 0
February 06, 2018, 10:25:24 AM
Its better than paying in cash or bank accounts, it is more secure and faster. But the fact that it is unstable and its value has been dropping now, it affects market prices especially to those who accepts bitcoin as a payment. Fees will go high and low because of its volatility.
newbie
Activity: 84
Merit: 0
February 06, 2018, 05:37:29 AM
It is really a good idea and practical way  to accept Bitcoin as a mode of payment. It is not used to replace cash payment but just replace it for non cash transactions. It will be faster and higher security. The goverment and monetary authority make rule or law to arrange this bitcoin to avoid using by terrorist and money laundry. The existence of law governing it will support Bitcoin growth and local currency stability.
jr. member
Activity: 132
Merit: 1
February 06, 2018, 05:18:18 AM
Bitcoin as a mode of payment is a great idea, well there are very few companies or employers are using but if you think about it, it's gonna be easier if employers will use it as their mode of payment since it is decentralized and very transparent. Also it will give options to people whether they want to exchange it to cash or invest and hold until its value increases.
full member
Activity: 1638
Merit: 122
February 06, 2018, 05:17:27 AM
Yes, bitcoin can be a mode of payment. Bitcoin is a digital currency which has a faster and reliable transaction when you buy in online and most people really wanted that to be happen.
One problem, however, is that the cost of bitcoin is a serious problem. The cost of carrying bitcoins now is too high. As a means of payment, the cost is too high, which I think will affect people's use.

based on the current price of bitcoin , the fees in it right now arent actually high or expensive enough because The bitcoins value has drastically decrease. therfore id say that bitcoin is still ideal to use as a payment method for sending or paying money online rather than using any method like payapl or credit card as they require more infos and hassel stuff that can slow you down. Aside from bitcoin altcoins can also be used as a good alternative for payment gateway if the fees are increasing again.
member
Activity: 99
Merit: 10
February 06, 2018, 04:58:58 AM
Yes, bitcoin can be a mode of payment. Bitcoin is a digital currency which has a faster and reliable transaction when you buy in online and most people really wanted that to be happen.
One problem, however, is that the cost of bitcoin is a serious problem. The cost of carrying bitcoins now is too high. As a means of payment, the cost is too high, which I think will affect people's use.
member
Activity: 100
Merit: 10
February 06, 2018, 04:50:38 AM
Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.
In the future, Bitcoin may hold the top spot in the developed world if Bitcoin can meet their needs, and Bitcoin is still banned in the country. Bitcoiners find it difficult to trade Bitcoins, other currencies are not as popular as Bitcoins, but Bitcoin prices are volatile and volatile.
member
Activity: 336
Merit: 10
February 06, 2018, 04:47:06 AM
Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.

I think using bitcoin will really make any transactions fasterwithout any hassle. If this method is being used used now by other countries and proved that it really works well, i think other countries will do the same thing and maybe all aroind the world will use it too.
jr. member
Activity: 83
Merit: 1
February 06, 2018, 04:28:18 AM
As a freelancer, I ask my clients specifically from other countries to pay my work salary using bitcoin. found hussle while trying to transfer funds from that account to my bank account. But not all clients know about blockchain and how it works.
member
Activity: 92
Merit: 13
February 06, 2018, 04:23:39 AM
It is quite possible to encrypt money as a payment method. As technology advances, digital money will become a very important part of this society.
newbie
Activity: 154
Merit: 0
February 05, 2018, 02:07:43 PM
Its good idea to start at least at 2018 using bitcoin as payment system because a lot of people just can't understand that bitcoin is not just an asset...
hero member
Activity: 602
Merit: 500
February 05, 2018, 12:25:07 PM
Some countries may use the bitcoin payment method, and many still do not use the bitcoin payment method, probably because they do not know about bitcoin yet, and do not understand what bitcoin is .. Shocked
full member
Activity: 714
Merit: 100
February 04, 2018, 10:13:44 PM
Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.
this is harder for most of employee since we know that more of them needed the money to feed their family,while bitcoin price wasnt that stable in any single seconds changes the value,so how could we expect this to happen.maybe prerogative by the employee to ask or not to be paid by bitcoin so in special occasions they might consider the payments .but for sure in the near future this will happen.because the future relies on virtual .

this is already happening on some countries like japan as some of the companies their had actually uses bitcoin as a payment tool in order for them to pay as a type of salary to their workers. Although this idea has an advantage and disadvantage to both employers and employees because as you said earlier , the price of bitcoin are kinda bit volatile but besides this is indeed a good way for bitcoin to be more mainstream and it can also result for its value to pump because of more demand that it will get on the masses.
full member
Activity: 336
Merit: 121
February 04, 2018, 10:03:13 PM
Still that mode was not implemented anywhere i think it will take more time so that bitcoin can get more popularity throughout the whole word and then when bitcoin is starting legalization then with that step bitcoin will also start as a payment most probably.
full member
Activity: 293
Merit: 100
February 04, 2018, 09:43:23 PM
Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.

yes good idea like this, if pas sell it again high if when want to sell price is down then your salary will decrease, because bitcoin samapai now still a speculation, not yet refer to official currency
so this still has its risks but if in use for trading tools it is good because it can grow if we are lucky
full member
Activity: 336
Merit: 107
February 04, 2018, 09:38:22 PM
Yes, bitcoin can be a mode of payment. Bitcoin is a digital currency which has a faster and reliable transaction when you buy in online and most people really wanted that to be happen.
newbie
Activity: 278
Merit: 0
February 04, 2018, 09:36:32 PM
I believe that it is a fast and economic way to pay with bitcoin, since the fact of being secure transactions and without commissions charged by banks, makes this type of payment highly attractive. On the other hand, you do not need exchange houses for international payments. Smiley
member
Activity: 94
Merit: 12
February 04, 2018, 09:25:54 PM
This is a good idea. As a new type of transaction, bitcoin is promising. And I believe that bitcoin can be a payment gateway.
sr. member
Activity: 699
Merit: 438
February 04, 2018, 01:39:03 PM
Bitcoin is the best mode of payment since you can save more money in transaction fees. You can transafer or send money without transaction fees if you are same electronic wallet.
Through this it ease and make the process more efficient and productive as well.
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