Topic: Bitcoin as payment system - page 44. (Read 6073 times)
I think bitcoin will make an awesome payment system, it's fast, reliable, and most of all secured, it's so secured that it has been used in a bad way e.g. in deep web, almost all the payments are done there in bitcoins, so criminals can't be traced or detected.
Many businesses in different countries are accepting bitcoin as payment for goods and services, and there are also some that dont accept, it maybe because they dont know what a bitcoin is. Dont know when will the whole world accept it as payment on any transactions (but it can be possible) since banks are continuously producing money and is the only currency that they recognize.
Businessmen are willingly accepting bitcoin against the goods. Many shopping malls across the world are also accepting bitcoin being a payment against items. I have purchased my android phone from abroad and paid in bitcoin to the shop. It is reality that fee is now a days very high of bitcoin transaction but I personally appreciate bitcoin payment system because I am extremely fed up of bank dealing that’s why I prefer and like bitcoin payment system.
For now bitcoin is not exactly used for payment systems because it is still fluctuating. Maybe in the future bitcoin prices will be stable and it can make the dream of Sathosi Nakamoto make bitcoin as another payment alternative that is used by many people.
I do believe that bitcoin as payment system is way to far to happen this year. Due to quick changes in the prices of bitcoin and its unstable growth. In a day bitcoin fluctuates in price about 10-15 times and it is absurd to think that buying a pizza that cost this much suddenly cost lesser after a few hours.
You're totally correct, it takes time that bitcoin as a mode of payments. It's not easy to be implemented due to the fact of government which might react as they want some shares since the value of bitcoin is so high. Also, the value of bitcoin is not stable which can change time to time having a huge gap of value since many investors as well as users will cash out. Well, I believe that someday it will be implemented as many want to be happened but we can't assure when it gonna happen.
What will happen to bitcoin further will depend on the results of the introduction of a network of lightning, which should eliminate the existing shortcomings of bitcoin. When testing this system, some bitcoin was transferred as a payment for the use of a mobile phone. The transaction was almost instantaneous and without any commission at all. However, for the final implementation of this project, you need to adapt the purses to this lightning system. If everything goes well, bitcoin will have a good payment system - fast and inexpensive and therefore bitcoin will receive a powerful push for its development.
For now bitcoin is not exactly used for payment systems because it is still fluctuating. Maybe in the future bitcoin prices will be stable and it can make the dream of Sathosi Nakamoto make bitcoin as another payment alternative that is used by many people.
I do believe that bitcoin as payment system is way to far to happen this year. Due to quick changes in the prices of bitcoin and its unstable growth. In a day bitcoin fluctuates in price about 10-15 times and it is absurd to think that buying a pizza that cost this much suddenly cost lesser after a few hours.
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?
i do see there will be a future money as bitcoon in the future but ijust not sure if bitcoin is good for transaction. i would rather choose to invest on altcoin such as ripple iota and xlm as transaction platform. they are more efficient than bitcoin and more better option than bitcoin in terms of transaction. bitcoin for me is a bubble investment that will sure pop out some day cause its increasing too fast and not used as payment neither transaction item but for fast earning money investment. that what makes bitcoin as bubble investment 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?
For now bitcoin is not exactly used for payment systems because it is still fluctuating. Maybe in the future bitcoin prices will be stable and it can make the dream of Sathosi Nakamoto make bitcoin as another payment alternative that is used by many people.
Bitcoin is the main source of payment system for some people who intend to remit funds overseas, but recently the fees associated with bitcoins is discouraging and I doubt if it can be a payment system.
It can't be said exactly but ya we may be using the bitcoin payment system because as its popularity and trend is increasing, it can be new currency. Whereas in few countries now also bitcoin payment systems are there.
"blockchains currently don’t scale for consumer payments and currently require tradeoffs between decentralization and efficiency. Lightning is a tool that can enable the best of both worlds – a great customer experience (both fast and cheap), but also trustless custody of funds. So we’re eager to enable it as a payment method and do what we can to support developments on that front.”
It`s the words of Bitrefill CEO, Sergej Kotliar. Recntly the first transaction using real bitcoin to make a payment on the lighting network has recently been completed via mobile top-up service Bitrefill.
It`s the words of Bitrefill CEO, Sergej Kotliar. Recntly the first transaction using real bitcoin to make a payment on the lighting network has recently been completed via mobile top-up service Bitrefill.
The time for blockchain technology as exceptional way of providing money for business is coming. But it will become the reality for 10 or maybe even 20 years. Society is not ready to accept this system today.
Bitcoin is out to be as mostly for payment system. Its a payment system though it has lot of useful too. That's fine now telling about as payment system how it is. It is the easier payment system in ever invented. You can pay any much amount from here to all over the world just within a second. You can see many payment way but hope never seen decent speedy pay like bitcoin. In the upcoming technology the sun will rise with bitcoin and will be down so on it. So keep safe and easy transactions via bitcoin!!
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?
Maybe it's more convenient to everyone if bitcoin will be the payments to all the world this is more easy to used because we will pay through electronic payments. And everything makes easy, l think bitcoin will be used to all the world. If that happen bitcoin can control also the whole world. Maybe some consumers will not allow also as bitcoin is for payment because when price is very high it's too wasteful to pay bitcoin. But we can't do nothing if that happen.
At the moment it's impossible, how to buy something cheap, and pay a commission for the transaction about $ 70. Bitcoin at the moment is more an asset than a means of payment.
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 use as payment it’s easy to use, transactions can be done with few steps online, no worry for currency exchange cost, no botheration about KYC and related things, extremely easy for international or cross border currency transactions. but In case of wrong transfers its difficult to get it back because here we don’t maintain any customer personal information, risk of fraud because of no escrow account in between, no single regulatory.
Bitcoin is made to be a new payment system and it's the safest payment system until now. Unfortunately, Bitcoin lost its main role because of high fees.
Many altcoins are ready now to fulfill the same role as Bitcoin with lower fees and faster transactions.
Many altcoins are ready now to fulfill the same role as Bitcoin with lower fees and faster transactions.
it is nice if bitcoin will become a payment system, so we can easily pay some bills and order when we are buying items using bitcoin so we dont need to go to their place when we are paying.
Bitcoin is too volatile to be use as a payment right now. Its has the potential to be one but right now its too risky to be used in business. I think that's the reason why some company stop using BTC as payment. Some altcoin has more capabilities in becoming more stable mode of payment. It probably feasible for large buy like a house or car but for things we get from 7eleven won't be use. The main reason would be high transaction fees and longer transaction period. No one would wait for hours or days for your gatoride to be done. 
If BTC becomes a payment system, that would be the greatest achievement.As of now, its decentralized agency thats the reason we do not know what is gonna happen next. In this scenario, its better to hold as many BTC we have and wait for 2018 and see what good happens and take the advantage when any good event or any good news comes. I would be happy if its made a payment system , it would help many people like me.
I think it will great if Bitcoin start to make a great payment system. It is because the users of bitcoin always increase day by day. If Bitcoin has a great payment system, the users will be more comfortable in doing their activities. It will give them more support in their job.
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