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Topic: Bitcoin as a mode of payment - page 27. (Read 4364 times)

member
Activity: 98
Merit: 10
November 17, 2017, 07:31:16 AM
I use them through purchasing loads and other staffs that is accepting bitcoin as payment for such also this serves as way of tranferring money to my relatives with no hassle going to any near money transfer center or branches it is agood thing that there are other banks here accepting bitcoin as mode for them or other wise I could not forsee where my investments are.
sr. member
Activity: 457
Merit: 250
November 17, 2017, 07:26:43 AM
it has occurred that bitcoin currently payment methods and had a lot of people to use it as a means to purchase goods and also online transactions and the result is helpful to US, we easier to buy something using bitcoin but not all store or place can accept Grin
member
Activity: 112
Merit: 16
November 17, 2017, 06:47:55 AM
Unless the transactions are faster, and transaction fees go down drastically, I think bitcoin cannot be considered as a legit mode of payment.
newbie
Activity: 56
Merit: 0
November 16, 2017, 09:36:30 PM
Bitcoin due to its decentralized nature has the potential to revolutionize commerce and enable transactions across international borders with ease. It allows the sending of transactions for a fraction of the cost of major payment networks and there are no ongoing costs for having a Bitcoin wallet.
full member
Activity: 364
Merit: 100
November 16, 2017, 06:01:49 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 that would be great, I mean, using bitcoin as a mode of payment, I think that would be much safer and more convinient for every transaction being made. But it will take long since bitcoin is still not known to most of the people around the globe. But I think with the rate of speed of popularity of bitcoin, its just gonna be  matter of time.
full member
Activity: 659
Merit: 101
November 16, 2017, 05:54:50 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.

Only works if clients are bitcoin user as well. There are a lot of people here offers product or services which accept bitcoin as payment method.
For people who lives in a country or city where bitcoin has been known for years, such as in Japan or Arnhem city in Netherlands, you can find lots of merchants or freelancer that accept bitcoin payment. But, in most countries especially in third world country, bitcoin is still not well known and maybe there is no any merchants accept bitcoin.
No one will refuse to get payment in such a precious and profit giving coin as those who are well aware of its benefits had started accepting bitcoin as payment and example is amazon amazon has such a huge user circle and their decision is giving a lot of benefits to them so this bitcoin system will be adapted by every government to give this coin more strength as well as to give their citizens to use precious coin.
member
Activity: 112
Merit: 10
November 15, 2017, 08:22:47 AM
optimistically, it has been a mode of payment for so long,, but due to network congestion, it isnt acceptable no more as a mode of payment
full member
Activity: 463
Merit: 100
November 15, 2017, 08:19:53 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.

maybe in the next few years what you say will happen. but nowadays it is very rare even hardly there. maybe the future will be many innovations that involve bitcoin in our daily lives.
member
Activity: 248
Merit: 10
November 15, 2017, 08:16:35 AM
I have not tried it yet, but it's a good idea we're asking for a fee by using bitcoin, and we get 2 times as much profit as we sell it.
hero member
Activity: 752
Merit: 501
November 15, 2017, 08:13:41 AM
Bitcoin as a mode of payment right now is not what it is meant for. I'm tired of reading people complain about fees and using the Bitcoin network right now. It is not meant to be a medium of exchange right now. It is not at the point in it's scaling process. It is still in it's store of value stage and that is just where it needs to be right now. The world needs censorship-resistant settlement network, not a payment network.
member
Activity: 98
Merit: 10
November 15, 2017, 08:04:26 AM
As of now only few selected areas here are entertaining bitcoin in the country. But if it would be great as a mode of payment imagine paying your bills even online you can pay your bills at ease at home or even anywhere as long as you can connect in the internet and also it would provide safety and assurance to you and your love ones you can make a lot of shopping at home at ease. Everything will be much more comfortable for you.
member
Activity: 350
Merit: 16
~bitcoin enthusiast~
November 15, 2017, 07:52:24 AM
I don't think governments will just allow it. They need the instrument to watch over people's transaction.
full member
Activity: 461
Merit: 101
November 15, 2017, 07:45:48 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.


Bitcoin is easily for better transaction and a way of good payments. Even what kind of currency it is, bitcoin can adjust. In this cryptocurrency you will find ways. By your own wallet you can easoly detect or even pay bills in any kind of matter. An easy way of having a good transaction.
I guess its true that bitcoin is a good mode of payment in bills,even in resto or even in grocery store and many more. Well, it will be good if it will become legally applied here in our country. And I'm personally expected this time to come even though this time bitcoin is going through hard times to be legally applied.
member
Activity: 154
Merit: 10
November 15, 2017, 07:44:54 AM
If we practically approach to pay through bitcoin is not going to happen in widely as people has to more familiar about Bitcoin and it has to be user friendly then only payment mode will be in Bitcoin. For this we have to wait more few years, ofcourse it is going to happen.
sr. member
Activity: 868
Merit: 256
November 15, 2017, 07:39:43 AM
Yes I really like the idea of bitcoin as a mode of payment instead of using dollars or any Fiat,
I like to hold my earnings through bitcoin and watch as the price increase.
I liked also the idea that using bitcoin as a mode of payment will be less hassle, less worries and more safe compared to fiat. Well I think this because here in our country carrying a cash or fiat is unsafe and sometimes dangerous. For me its safe because I wouldn't be able to carry cash anymore when I'm about to pay my bills.
I agree with this insight. Well of course carrying fiat while on street is quite dangerous because snatchers are found almost everywhere like here in our country, so to the idea of using bitcoin as a mode of payment I would be glad. Atleast it is less burdened on my side plus the factor of being secured then ill prefer bitcoin over fiat.
member
Activity: 133
Merit: 10
November 15, 2017, 07:11:18 AM
Transaction fees still too high for using bitcoin small amounts of payments. This is the big barrier for bitcoin
full member
Activity: 392
Merit: 100
platform for everyday business
November 15, 2017, 07:08:24 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.

Yes thats true,that is nice to used bitcoin as a method of paying in bargaining merchandise ,thats why most of the product in other countries the transaction is paying bitcoin,like example when you buy a virtual reality product or games cards in steam you must buy there tokens or altcoins before you can get the items.this kind of idea was so great!we hope that someday it will be applied in our country.
full member
Activity: 448
Merit: 100
LETS GO ADAB
November 15, 2017, 07:02:52 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.

Im also comfortable being paid via bitcoin over other payment processor such as paypal that is commonly use in freelancing industry. It doesnt need to expose your identity or needed a bank account. And the fact that you are being paid in your job and you have a chance to make profit with bitcoin by just holding it.
full member
Activity: 312
Merit: 109
arcs-chain.com
November 15, 2017, 07:01:51 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.

There are many platforms that has been created to buy online things via bitcoin. You can buy personal things for your home and other appliance and also can buy in-game items using bitcoin. Bitcoin spread worldwide so some platforms use bitcoin for their payment.
copper member
Activity: 672
Merit: 270
November 15, 2017, 06:50:53 AM
Yes I really like the idea of bitcoin as a mode of payment instead of using dollars or any Fiat,
I like to hold my earnings through bitcoin and watch as the price increase.
I liked also the idea that using bitcoin as a mode of payment will be less hassle, less worries and more safe compared to fiat. Well I think this because here in our country carrying a cash or fiat is unsafe and sometimes dangerous. For me its safe because I wouldn't be able to carry cash anymore when I'm about to pay my bills.
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