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Topic: Bitcoin as payment system - page 15. (Read 6073 times)

jr. member
Activity: 224
Merit: 2
The Experience Layer of the Decentralized Internet
April 06, 2018, 09:30:10 PM
I believe BTC's has come a long way in terms of its applications. Though now, it's most popular to investors considering its market value. True, it's on the downslide now but a lot of experienced investors predict that it won't be the case for long which I personally believe to be feasible. Now, will BTC be considered as a currency worthy of having a payment system (as you put it)? I say yes it can be and I believe some regions/establishments in the world have already adopted the idea though it will take some time for a lot of people to understand its worth.
sr. member
Activity: 574
Merit: 250
April 06, 2018, 06:24:09 PM
Bitcoin has so many uses ranging from as a payment system and also an assets or an investment platform. Bitcoin is use for payment of goods and services and bitcoin use as a peer to peer payment.
Yeah, well if there is no 3rd party will involved definitely will serve as a mode of payments. Infact, I already encounter those business establishments accepting bitcoin as their way of payments which they relying the apps which is coins.ph and coins base. As I encountered those business establishment it comes up to my mind that soon in the future it it might happen, we can have a wallet via online which means we will go to malls or other places as cashless when we travel.
member
Activity: 406
Merit: 13
April 05, 2018, 12:50:48 PM
Bitcoin has so many uses ranging from as a payment system and also an assets or an investment platform. Bitcoin is use for payment of goods and services and bitcoin use as a peer to peer payment.
newbie
Activity: 144
Merit: 0
April 05, 2018, 12:36:10 PM
I think bitcoin will someday become a legitimate payment tool, maybe experts out there like financial security experts, technological information experts and others are doing bitcoin research to overcome security, ease and avoid other risks so bitcoin as a valid payment instrument .
I really hope there will be major changes in the future with the existence of bitcoin as a legal currency and a secure means of payment.
full member
Activity: 246
Merit: 100
April 05, 2018, 12:26:08 PM
This is the future.I too own an online shop that accepts crypto.Shopify merchant services (for credit card processing) has understandbly abandoned us because we are a smoke shop so we've been taking crypto payments via Coinbase Commerce.Just waiting on the ability to withdraw though I'm not really in a rush for tax reasons.
sr. member
Activity: 714
Merit: 250
April 05, 2018, 12:22:32 PM
We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.

How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?  Undecided

And how do you see it's future?



The two natures of bitcoin as a currency and as an asset have been the focus of many arguments concerning bitcoin. For me, the future will use bitcoin more as a payment method since more companies are now accepting it for their services or to some of their expensive products. Globally, I wish bitcoin will not be ban anymore to some countries so that everyone can use it also locally.
member
Activity: 162
Merit: 10
April 05, 2018, 12:20:10 PM
Actually there are some establishments or online shops accept bitcoin as a mode of payment. Hopefully in the future it will be widely used and make a great convenience to people.
newbie
Activity: 28
Merit: 0
April 05, 2018, 12:07:48 PM
Well as we know, bitcoin is now becoming a warm conversation around the world. Although now only a few companies use bitcoin as payment system but I'm sure that in the future there will be a time when bitcoin will be trusted by the whole world so payment system will switch to bitcoin.

But using bitcoin as a payment system also has its disadvantages as well: we have to be wary of a hacker who can steal our bitcoin.

But still, the percentage of our bitcoin hack is very small because we use a system called blockchain so we can be calm if you want to use bitcoin as payment system.
hero member
Activity: 644
Merit: 500
April 05, 2018, 11:48:21 AM
We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.

How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?  Undecided

And how do you see it's future?


I think bitcoin will be widely used as a form of payment in the future. There are already countries accepting bitcoin and promoting it as a form of payment. I'm sure there will be more and more stores supporting bitcoin, but the bitcoin transaction is slow and requires a lot of fees to affect its development.
Accept Bitcoin is only the base to accept more cryptocurrency for the Japanese government. They accepted Bitcoin but they do not think Bitcoin will become the primary payment method for their country. They know Bitcoin does not have enough power to support all transactions in their country. That is the reason ealier this year, the Japanese companies tried to contact Ripple's company for cooperate to use this technology for Japanese payment system.
hero member
Activity: 2170
Merit: 503
Reward: 10M Shen (Approx. 5000 BNB) Bounty
April 03, 2018, 04:27:28 AM
Barely BTC can be a payment system due to it's deflationary nature. Rather some sort of digital asset with growing value.
many have made bitcoin a means of payment, and most countries do not like it for several reasons. well, maybe it has not been adopted at this time, but I think in some time we can see many atm who accept bitcoin in some countries.
newbie
Activity: 106
Merit: 0
April 03, 2018, 04:25:57 AM
Bitcoin is already using as a payment system in online. In many transaction, selling buying dollar. Even in many online shopping site too.
newbie
Activity: 178
Merit: 0
April 03, 2018, 04:22:59 AM
Bitcoin is already a Currency that means you can pay using bitcoin and use it to transact,trade and exchange for service.
Bitcoin can be good payment system .it offers many advantages and traditional banks .it allows sending payments internationally without concern for Currency conversion.
jr. member
Activity: 67
Merit: 5
April 03, 2018, 04:21:54 AM
Bitcoin would not be suitable to be used as a payment method for us because it is still unstable. Its value is rising and falling without control. Maybe in the future when it is more stable than today then it could be an option for payment system in companies and businesses.

Bitcoin would not end soon. It is still used by many people and more people are trying to use and as long as there is enough demand to make it survive then it would live. Maybe after 100 years it would stop entertaining people but as long as its value grows and people benefit from it. It should exist.
full member
Activity: 490
Merit: 102
April 03, 2018, 04:08:03 AM
Barely BTC can be a payment system due to it's deflationary nature. Rather some sort of digital asset with growing value.
newbie
Activity: 322
Merit: 0
April 02, 2018, 03:21:17 PM
Now very many have become interested in bitcoins, so every day it will become more popular.
newbie
Activity: 84
Merit: 0
April 02, 2018, 03:19:44 PM
maybe Not sure, but i think that BTC will not blow up near future. Guess, 2018 will bring us a huge growth of Bitcoin
jr. member
Activity: 137
Merit: 1
April 02, 2018, 03:16:32 PM
I believe that bitcoin has not yet reached the level that would become a payment system. but if that happens, I'll be thrilled.
full member
Activity: 458
Merit: 112
April 02, 2018, 02:01:07 PM
2017, bitcoin rise over all of the expectation and people started to use it as a payment.
Then suddenly people noticed that bitcoin is not ready and can't stand the popularity and demand.
Bitcoin will be more ready soon.
member
Activity: 238
Merit: 10
April 02, 2018, 01:58:50 PM
Bitcoin can rightly be called the first electronic payment system of an open type. Nevertheless, one can not deny the fact that at the moment Bitcoin can be called a system that has all the necessary functions that allow making payments through the Internet.
newbie
Activity: 98
Merit: 0
April 02, 2018, 01:51:00 PM
We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.

How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?  Undecided

And how do you see it's future?


I think bitcoin will be widely used as a form of payment in the future. There are already countries accepting bitcoin and promoting it as a form of payment. I'm sure there will be more and more stores supporting bitcoin, but the bitcoin transaction is slow and requires a lot of fees to affect its development.
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