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Topic: Bitcoin as a mode of payment - page 5. (Read 4364 times)

newbie
Activity: 30
Merit: 0
March 28, 2018, 06:10:56 PM
I think that would be amazing because you are earning and at the same time, you are holding bitcoin for the future if you keep it. You don't need to bring your wallet anymore. It's easy no hassle at all.
full member
Activity: 263
Merit: 100
March 28, 2018, 02:59:36 PM
Bitcoin can be used as a payment system. But it is suitable for every payment. It can be used when a large big group of people are supposed to get paid.  But it is not suitable when you want to buy an ice-cream as it takes a long time and transaction fees are high. Volatility is another problem which should be considered.
full member
Activity: 252
Merit: 104
“Blockchain Connection Framework”
March 28, 2018, 02:55:25 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.

Well, I think that what some business companies and entities are doing, which is the very reason why they accept Bitcoin as a payment option. The beauty of cryptocurrencies is the idea that you can use it in many ways and options. It may be used as a regular currency that has the power to be used to pay goods and services. On the other hand, it can also be used as a means of investment and trade, thus, for those companies eyeing to build a n empire through cryptocurrencies, then it's not a bad idea to actually collect it through people who use it as payment.
full member
Activity: 336
Merit: 106
March 27, 2018, 10:02:09 PM
I agree to use bitcoin as mode of payment because it's faster and convenient you do not need to go to the bank. You just have internet you can pay bills anytime anywhere. I believe in the future many establishment will accept bitcoin as payment.

#Datarius
newbie
Activity: 167
Merit: 0
March 27, 2018, 09:47:06 PM
I strongly agree with this idea.

Bitcoin is a good payment for other transaction, with only internet you can make a transaction and it just a few second and the transaction is done unlike to the credit/debit card that needs confirmation and limited are user. But the opposite may happen is bitcoin can be use in illegal transaction, because it can not detect what kind of business they have.
That's right, when dealing with bitcoin I find it convenient because they are fast converting. We do not need to waste time go to bank creating accounts, waiting for confirmation with a bunch of messy procedures, so to pay with bitcoin is very fast.
newbie
Activity: 126
Merit: 0
March 27, 2018, 09:31:59 PM
i think this is an advantage, if we know to take the opportunity and constrain greed.
sr. member
Activity: 620
Merit: 250
March 27, 2018, 08:03:17 PM
Bitcoin as a way of payment? just agree because in some countries bitcoin has started to become a tool to transact or become a very easy payment tool.
member
Activity: 378
Merit: 10
March 27, 2018, 07:49:36 PM
To me, bitcoin is really a great form of payment. Bitcoin payments are extremely secure and fast. I like it when nobody manages my transactions, so I often exchange with bitcoin.
I like the idea of bitcoin as a mode of payment but I doubt that this will not go mainstream as some government will not allow to recognize this currency due to some legal issues. I hope that the implementation of regulations about crypto will clear those issues to make a better future to crytocurrency.
sr. member
Activity: 602
Merit: 250
March 27, 2018, 07:37:19 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.
it is the advantage of bitcoin without having to involve a third party in transactions, safe, practical, transparent in conducting transactions but in my country is still prohibited to conduct transactions with bitcoin directly by the government of my country
newbie
Activity: 88
Merit: 0
March 27, 2018, 07:23:29 PM
Bitcoin has a freedom in transfering which means you can absolutely transfer your money to anyone in this Earth as long as he has a Bitcoin wallet and that's really awesome . Even that's the way crinimals use to make the transaction.
sr. member
Activity: 448
Merit: 250
March 27, 2018, 03:20:19 PM
I strongly agree with this idea.

Bitcoin is a good payment for other transaction, with only internet you can make a transaction and it just a few second and the transaction is done unlike to the credit/debit card that needs confirmation and limited are user. But the opposite may happen is bitcoin can be use in illegal transaction, because it can not detect what kind of business they have.
member
Activity: 207
Merit: 20
March 27, 2018, 03:15:59 PM
Using bitcoin as paiment method to me is the only true method to really bring bitcoin in all day aspects, by which I mean if you believe in bitcoin or if you own bitcoin you should truely support it which means use it. Bitcoin is menat to be a currency so pay with it whatever product is available ( and affordable - check transaction fees)
sr. member
Activity: 481
Merit: 256
March 27, 2018, 03:12:49 PM
Bitcoin as a payment mode has many benefits for both sellers and buyers. Like, sellers don’t have to pay fees for receiving payments; cross-border payments have also become easier as there is no issue of currency differentiation, no subscription fees for using Bitcoin (as is in the case of some payment processing networks or bank accounts), greatly secured through the multi-signature wallets.  However, its drawback cannot be ignored. For instance, transactions cannot be reversed, risk of fraud in the absence of escrow services, not accepted by many dealer.
hero member
Activity: 3024
Merit: 745
🌀 Cosmic Casino
March 27, 2018, 10:42:30 AM
If we look at how easy and simple bitcoin is, then I hope that many countries legalize bitcoin, this is because bitcoin is very safe and fast compared to using bank services.
Many already legalized bitcoin as a means of payment. Because of its anonymity others doesn't consider it as safe for them to use and this is why some other countries are still skeptic about it.
member
Activity: 117
Merit: 100
March 27, 2018, 09:40:50 AM
Bitcoin as a mode of payment, is good in other terms such as paying bills, freelance salary etc. But I do not agree to make it as payment for regular work. The state of crypto currency is volatility. It is too risky if you take Bitcoin as employee's wages.
sr. member
Activity: 586
Merit: 250
March 27, 2018, 09:17:04 AM
bitcoin will never be a mode of payment, it's too volatile, it's just a base for the future mode of payment
Bitcoin too volatile because marketcap is currently very small, if one day marketcap reach 1 million times from now then the price will not be too volatile, but this gives advantages and opportunities if we want to think.
member
Activity: 532
Merit: 12
March 27, 2018, 09:15:14 AM
bitcoin as a payment is well suited to freelancers, and those who work remotely. Most companies may not entirely trust the cryptocurrency, otherwise I can't explain why they don't ispolzuyutsya bitcoin as payment, bypassing all the middlemen and overhead.
legendary
Activity: 1190
Merit: 1001
March 27, 2018, 09:02:41 AM
bitcoin will never be a mode of payment, it's too volatile, it's just a base for the future mode of payment
hero member
Activity: 896
Merit: 500
March 27, 2018, 08:44:02 AM
The thing that makes bitcoin worthy of a mode of payment is to fix all the flaws of the banking system, with our bitcoins having wide and unlimited controls, no daily limit like the banks, so all nations are worthy of legalizing bitcoin.
sr. member
Activity: 1176
Merit: 301
March 27, 2018, 08:36:29 AM
I think we all are waiting for it to happen specially those who always forget or misplaced their Fiat.
But I think it would be really hard just imagine the transaction fee and I think not all of the seller or company would accept it.
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