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Topic: Bitcoin as payment system - page 9. (Read 6052 times)

member
Activity: 322
Merit: 10
April 09, 2018, 02:22:05 PM
Bitcoin as a payment method is a very good idea, but there are some small issues which is the transaction timing and the fees for the the transaction is a hidden cost that might need improvement
Bitcoin as payment system is an instant service with the help of which you can pay for you transactions from long distance in very limited time. The transaction cost is either very low or affordable than the other services offered by banks and other agencies.  So Bitcoin as a payment system is of great use and Bitcoin itself has a promising future which will attract huge investments.
full member
Activity: 668
Merit: 100
DogData
April 09, 2018, 12:40:20 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 future of the bitcoin can not be seen, because its development is up and down is not clear. then it's better to be patient and do not complain about all this.
legendary
Activity: 1218
Merit: 1000
April 09, 2018, 11:36:40 AM
In my opinion, bitcoin has already proven that it’s peer-to-peer payment system could wholly replace all known to man centralized forms of payments. Once the issue with Bitcoin’s scalability is resolved, we should see increased confidence in the coin as well as surges of its price
many have made bitcoin as a payment system, but some countries find it difficult to do so. because it is, until now, still done the development of this technology. I think this will work out soon.
sr. member
Activity: 623
Merit: 251
April 09, 2018, 11:30:35 AM
In my opinion, bitcoin has already proven that it’s peer-to-peer payment system could wholly replace all known to man centralized forms of payments. Once the issue with Bitcoin’s scalability is resolved, we should see increased confidence in the coin as well as surges of its price
hero member
Activity: 728
Merit: 502
April 09, 2018, 11:29:25 AM
I think, bitcoin can not be used as a whole payment system because not all places can accept bitcoin and need internet access to be able to use it and there must be many changes in various places.
Yes because bitcoin is the digital currency that we use most of the time for online digital payment system gradually bitcoin features are coming out that we are noticing and we are earning profit. For me It is very easy to use bitcoin as payment as now everywhere internet is available and it is very easy to pay for everything related to our life with bitcoin, I hope in future bitcoin will become the one and only currency that will have high value and fast transaction, so bitcoin is going to be the new payment system for our new generations.
sr. member
Activity: 643
Merit: 264
April 09, 2018, 10:20:16 AM
There are some problems that are stopping growth btc as a payment system. Bitcoin’s scalability is being hampered because it is too slow and expensive relative to more conventional payment processing platforms
newbie
Activity: 112
Merit: 0
April 09, 2018, 08:44:04 AM
if bitcoin is used as a payment system, it will create market value and stability.
newbie
Activity: 68
Merit: 0
April 09, 2018, 08:34:07 AM
Bitcoin as a payment method is a very good idea but there are some small issues which is the transaction timing and the fees for the transaction is a hidden cost that might need improvement.
newbie
Activity: 95
Merit: 0
April 09, 2018, 08:08:42 AM
It's is very helpful for any transactions especy for flight fair and it has a benefits will be given to the other that no need to in cash their money for big amount of money needed.
newbie
Activity: 60
Merit: 0
April 09, 2018, 04:50:52 AM
Bitcoin is already been used as an alternative for cash, it is a digital currency after all. It's potential as a cryptocurrency will certainly bring new and exciting results because it will being convenience to users and customers. Although it will be hard for governments to patronize or accept bitcoin as a payment system because it is not centralized.
newbie
Activity: 59
Merit: 0
April 09, 2018, 03:54:23 AM
in some manners it is good especially when you are going to pay bills. instead of paying bills using credit card it is nice to use bitcoin now.
newbie
Activity: 12
Merit: 0
April 09, 2018, 03:20:55 AM
Bitcoin as payment is the main reason why I study and buy bitcoin. It help me a lot and all my payments are now less hassle. I can do all my payments online and this is help me too much..... Thanks to bitcoin.
newbie
Activity: 104
Merit: 0
April 09, 2018, 03:08:52 AM
There are many benefits accepting Bitcoin as payment if you are a merchant. 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 send items worldwide without currency being a limitation. It allows one-way transactions that cannot be reversed as this is how Bitcoin works, so the merchant is not at risk of a chargeback. It is gaining traction so is more likely to be an easy payment method to accept in future, and there are no subscription or monthly fees for using Bitcoin directly, unlike traditional bank accounts and payment processing networks.

the fees will still depend on payment gateways that merchants use. For example, paybear.io has significantly lesser fees than paypal or even other crypto payment platforms.
full member
Activity: 210
Merit: 100
April 09, 2018, 03:03:47 AM
There are many benefits accepting Bitcoin as payment if you are a merchant. 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 send items worldwide without currency being a limitation. It allows one-way transactions that cannot be reversed as this is how Bitcoin works, so the merchant is not at risk of a chargeback. It is gaining traction so is more likely to be an easy payment method to accept in future, and there are no subscription or monthly fees for using Bitcoin directly, unlike traditional bank accounts and payment processing networks.
member
Activity: 224
Merit: 10
April 09, 2018, 02:51:31 AM
Bitcoin as a payment method is a very good idea, but there are some small issues which is the transaction timing and the fees for the the transaction is a hidden cost that might need improvement
member
Activity: 280
Merit: 11
April 09, 2018, 12:56:12 AM
In the future, Bitcoin is probably a form of payment for the whole world, because of its convenience, it can be traded anywhere in every country.
jr. member
Activity: 217
Merit: 1
April 09, 2018, 12:52:39 AM
I think the modern payment system could use an upgrade, what better for bitcoins to do the job. I think bitcoins as payment
systems can really make things easier for a lot of people. It's faster and more convenient than banks. Preferably it's a perfect
solution and I think it's designed for such a challenge. In my country converting and cashing out bitcoins is so convenient that
I'm surprised that it's this easy and available, though prices vary because of the recent price corrections but still the capacity
is astonishing and appealing. I think this whole payment system option approach is spreading and it's making a lot of individuals
more aware of bitcoins, it's making the community bigger day by day.
full member
Activity: 490
Merit: 106
April 08, 2018, 08:10:26 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 its not easy to make bitcoin as payment because bitcoin price too fluktuatif.
if i as a seller accept bitcoin and someone pay me when btc rate 8k.then 1 hour later btc price down to 7k,thats mean i as seller already loss my money.
i more prefer bitcoin as asset.
newbie
Activity: 59
Merit: 0
April 08, 2018, 07:59:05 PM
bitcoin as a payment system is nice anywhere you are if you have an emergency and you dont have a cash and they accepted bitcoin as your payment it is easier to paid some bills
full member
Activity: 350
Merit: 111
April 08, 2018, 07:22:53 PM
The only way that bitcoin could be considered as a "real" payment system and almost accepted by almost all the merchants all over the world, is just if the fees are lowered.
Who is going to use bitcoin to pay more than forty dollar just for a single transaction? How are you going to buy a coca cola and a burger with a few of forty dollars?
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