Bitcoin as payment system - page 24.

BitcoinMarketer39

full member

Activity: 392

Merit: 100

ADABsSsSsSsSSSsS

Quote from: aleksandra_kickcity on December 04, 2017, 05:34:43 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?

There are online stores today that are allowing a cryptocurrency payment method for them to earn bitcoins in their business so there is no way that this will not be implemented on different ways like restaurant or taxi and it was very clear that all of this things will might really happen in the future.

Mark 360

newbie

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To make Bitcoin sustainable it should be used as a medium of payment. This practice will also make bitcoin stable.

Bosmuda

member

Activity: 420

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bitcoin already used as payment system but it hasn't widely used and known. I see that cryptocurrency will be used by the entire of the world, might be bitcoin or any other coins, but we can't evade this technology, it will be outstanding in the future.

Innocant

sr. member

Activity: 1414

Merit: 260

Maybe if the bitcoin will using as payment system i think it is a good idea. Because it was easy for now to pay in your bill using bitcoin in any store, And i think also it will be approve in any investor using bitcoin as payment system.

kissme09

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PayAccept - Worldwide payments accepted in seconds

Bitcoin is the world's most extensive payment system used by many organizations. But Bitcoin is considered as a form of exchange. It is regarded as a standard currency to trade with any other Altcoin.

MAJICOIN

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Activity: 364

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Bitcoin as a payment system is very good and through this currency system we can make different transactions easily bitcoin is good for the educated people because they can use it effectively while soon this currency will replace the fiat money and investment now in this currency is very profitable for the future so now it is time to hold this currency and in the future i will use this for payments.

newguy05

hero member

Activity: 1316

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Someone is sitting in the shade today...

Yes using bitcoin as a payment system has many benefits, we are aware of these. I would like to give example to explain from one benefit perspective, I attanded to a ICO 4 months ago by credit card, I have been still waiting due to my tokens were locked because of the processing time of the credit card, for the merchant there is a risk for drawing back the transaction due to its made by credit card 180 days, in bitcoin transactions cannot be reversed once made. But it is an emerging technology, in the future it would be better on a technological backbone.

chidrawarster

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I would say definitely btc is a good payment option and also very authenticated compared to other block chain related coins. I see 2018 is going to be year of btc and its going to create atleast 2 another milestones by reaching to new highs making the btc even more expensive and more accessible as payment processor as well.I am not seeing that btc is going to vanish so soon as it has got good backing from some countries and they have started adopting crypto currencies legally as well.Only time will tell us whats going to happen in the near future.

Ian11

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Quote from: aleksandra_kickcity on December 04, 2017, 05:34:43 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 hope it will continue as payment system and help many people in there life. Bitcoin can change our life, give us wealth and become rich person to help other person that need help also our family. I hope in year 2018 bitcoin will grow

kpcian

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Activity: 826

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Quote from: aleksandra_kickcity on December 04, 2017, 05:34:43 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 get engaged with the multidimensional purpose in the future, For me, Bitcoin is the best platform for trading and investment. day by day this trend is becoming popular around the world but Bitcoin is mainly used for the payment system. but I think Bitcoin will be the most important payment system in the future as today we are using it. I have a strong belief that Bitcoin is will dominate on the future monetary world and it will be the most powerful and most influencial currency in the future.

Herry toer

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Activity: 168

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Quote from: aleksandra_kickcity on December 04, 2017, 05:34:43 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 am very confident in the future Bitcoin will be used also for the payment system. So besides being used for investment, Bitcoin can also be used as a legitimate payment instrument in all countries. Technological developments are growing rapidly and I'm sure Bitcoin can keep up with these technological developments.

kimberlymingi

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Bitcoin as payment system?? that's one of the best things that could ever happen in this evolving world! That could make the process of paying bills even faster and easier, you don't even have to get a bank account to store large amount of cash and worry if the bank gets bankrupt or something happens that will lead for them to refund just the half of your money, that's rally devastating!! Having bitcoin as payment system feels like you an invisible wallet that no one could stole and is reliable anytime anywhere.

DexterOscar0

newbie

Activity: 40

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First is that the processing fees are paid by the sender, and the merchant pays nothing to receive funds. These fees are considerably lower than traditional payment networks.It allows you to purchase items from abroad without worrying about currency conversation. Storage of coins is not difficult. The transaction fee is paid by the sender of the coins but this is typically pennies.

csdga

newbie

Activity: 40

Merit: 0

Quote from: anjaydut on March 03, 2018, 10:53:24 AM

it's already done, many giant companies in china that make payment transactions using bitcon.
"only on a large scale", because transaction costs are high enough, bitcoins are not suitable for use as small payouts. for example to buy food, to salon and many more..

As far as I know, if a user uses Bitcoin as a payment method, then Germany will not tax it. This means that bitcoin is considered a legal payment method in Germany and enjoys the same status as a legal currency.

Argie021213

newbie

Activity: 48

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That could be possible, if every country would accept it as a form of payment. But due to financial reasons, not all can accept it, since it is not regulated by financial institutions and even the goverments, there is a risk of fraudulent transactions. And because the value of bitcoins are fluctuating, it would be hard to convert it in time.

TheGreatUnknown

newbie

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First of all Bitcoin is created as a payment system it is a peer to peer network. Bitcoin is using simply one global ledger system that synchronizes across the entire internet, so that everyone can access the same ledger account in real time no matter who or where they are. The result? Money can easily be transferred between parties without all the lag times and exorbitant fees. That is how bitcoin will work as a payment system.

Harry_no1

jr. member

Activity: 77

Merit: 1

I believe in the positive future of btc. But I think it will take a very long time to get it into payment system. It can be property , savings,... long before reach a higher purpose Roll Eyes

and if btc is really used as payment, do you guys think that it is easy to cheat on it???

De Suga09

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Activity: 352

Merit: 125

Quote from: aleksandra_kickcity on December 04, 2017, 05:34:43 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?

Using bitcoin as a payment sytem is the cheapest way to send money because you don’t have to pay for an additional transaction fee to a third party involved such ad banks. Bitcoins’ value continue to rise and I think it will stay on top. With the internet and the mobile world continue to surge and advance, I think bitcoin will keep its pace in moving forward. I dont think that it will just blow up one day as long as peoplw continue to use it.

naraharibehera77

newbie

Activity: 4

Merit: 0

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?

anjaydut

member

Activity: 140

Merit: 11

it's already done, many giant companies in china that make payment transactions using bitcon.
"only on a large scale", because transaction costs are high enough, bitcoins are not suitable for use as small payouts. for example to buy food, to salon and many more..

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