S. Korea to support 'normal transactions' of cryptocurrencies
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Topic: Bitcoin as payment system - page 26. (Read 6073 times)
Bitcoin concept is really great. That is why it's community continues to grow. But if we are going to use Bitcoin as a normal payment system today, I guess it wouldn't be effective and efficient now. Sending money instantly is one of the important things we need today. That is why technology is getting advance every day. In the case of Bitcoin's network today, I think we cannot achieve that instantly sending and receiving. So It depends on how the developer team will fix and improve the technical issues of Bitcoin. The future of Bitcoin lies on its platform itself. If it can possibly achieve what its objective, then many will use it.
Well I think it is possible that Bitcoin be used as a payment system. Some countries are already using it as a payment form. May it be in a restaurant or some kind of other service.It is very convenient and has a secured system.
i think it is good to use as payment method because its has secured system .you can bring it every where you go and for me the future of bitcoin will be successful and be board in other country,in my country bitcoin is getting wide they know it and they eager to learn more about bitcoin.
Payment system of bitcoin is possible and nearly to start in various countries soon still also there are few stores who are accepting bitcoin as a payment but not as popular still. As bitcoin can get more popularity then with time possibility of bitcoin as a payment accepting will also be increasing. But it will take some time to start.
In fact, the Bitcoin payment system perfectly combines the qualities that would allow it to become ideal for settlements on the Internet. Its reliability is confirmed by the fact that payment systems such as PayPal have been recognized by the crypto currency.
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?
And how do you see it's future?
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?
And how do you see it's future?
If bitcoin will grow more then i think that should be possible, and if thats happen i think its a good idea, especially to a people who have a lot of bitcoin because they can use it to buy things they want and to pay bill in the restaurant. They dont need to convert it to their currency to buy things, they just use their phone to transfer money to pay bills.
There is so many way to earn money from bitcoin. And it's also containt many way as payment system from bitcoin.It is one of the best way to used for payment.I think that would be convenient for us users if bitcoins would be accepted as payments.It is used as a digital payment asset in the future.
Indeed, we know that in some countries of the world it is already possible to pay bitcoins for products and services, when the day comes when the whole world recognizes crypto currency as an international currency. This will undoubtedly make life easier for everyone
The idea of bitcoin of being decentralized cryptocurrency and the concept of being the united currency. However, the future of bitcoin and the goal of satoshi nakamoto was not clear to reach as of today. The value of bitcoin was a roller coaster and the investors were pulling out their money. In addition, many country banning bitcoin that affects its value.
Bitcoin, long used as digital money in some countries, if bitcoin is used as a digital payment asset in the future, what about the local currency?
Its a major transformation of payment system Current period payment system is excessively hazardous any single digit changed your cash can be exchanged to more odd record You can not convey money if your business point at remote zone. In any case, the BTC influence it more simpler you to can make comprehensively safe exchange powerful and proficient way. In not so distant future BTC payment acknowledgment will be basic since it use and prominence expands step by step.
Payment in in every department. Payment is everywhere in this world. Payment is almost in the house of the people. Payment is the normal activity of the people live on earth. Money is indicated in our mind that this is the only payment we could do. Such transactions is money involves. No transaction happen on earth without money payment. When bitcoin be the payment, I think it could not be but the appropriate is the altcoins. Only for special purposes bitcoin is able.
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?
And how do you see it's future?
Yes. I do believe that it would be wonderful if bitcoin is accepted as a mode of payment system because bitcoin is a universal form of currency which can be accepted everywhere and anywhere in the world without the hassle of currency exchange. Then bitcoin is a very safe wallet so money cannot be stolen easily from it. Then bitcoin is a digital form of currency so one does not need to carry physical fiat paper currency everywhere as a mode of payment. 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?
And how do you see it's future?
There is so many way to earn money from bitcoin. And it's also containt many way as payment system from bitcoin.It is one of the best way to used for payment.I think that would be convenient for us users if bitcoins would be accepted as payments.It is used as a digital payment asset in the future.
Using bitcoin as payment system is good but the transaction fees and very slow are nothing good. If you buy in stores with drive thru and you pay bitcoin, you may wait a minute or hour. But if they would fix that maybe many department stores will accept bitcoin. I think this is not a buble because bitcoin are powerful today and it has a future that these cryptocurrency are most advanced money to use in the future.
We expect the elimination by bitcoin of its shortcomings associated with low scalability, transaction hanging and exorbitant commission fees. Because of this, bitcoin has already partially lost its popularity. Also, because of this, bitcoin can not fully perform the function of payment means, people to pay for goods and services either convert bitcoin to fiat in advance, or use another crypto currency. Therefore, we urgently need a network of lightning or something else that would eliminate its low scalability.
Bitcoin is one of the best way to used for payment. less hassle and its quick. It's good that we have bitcoin it makes our lives easier.
As we know Bitcoin is a kind of digital coin used for payment. Many peoples Convert to their national money and spend on payments.
Even though I did the same thing they did.
Even though I did the same thing they did.
Bitcoin, long used as digital money in some countries, if bitcoin is used as a digital payment asset in the future, what about the local currency?
I do not think bitcoin will be a currency or a means of payment because if a country uses bitcoin as a means of payment then the country's currency exchange rate will weaken and slowly there will be an economic crisis, but I think all countries will agree if that used as a means of payment is the currency of their own country, but using a blockchain system like bitcoin, it will be more efficient and environmentally friendly when compared to conventional money making
I do not see the future for Bitcoin as a spendable currency. However, I do see the future for it as an investment tool. Think of gold (not exactly gold, but give me a discount here) Gold is never used for direct payments, it's used for investments. (Yes, I know, gold keeps the value, Bitcoin fluctuates...Still, my point is, it's an investment tool)
Bitcoin was used like a currency and a payment method, of course, today, still have some people are using Bitcoin as a payment method. However, like you said, it should be a tool for investment. An asset is better than a currency for Bitcoin, because its value is high and not neccessary for payment in the future if it does not stop its bullish trend, unless it be stability its value.
Though cryptocurrency is still far from mass adoption, Bitcoin, very slowly, is gaining its value as an online currency system - https://www.lifewire.com/big-sites-that-accept-bitcoin-payments-3485965
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