Today, i was discussing with my friend about bitcoin, and we argued that the world is trying to make bitcoin look like a currency, replacing fiat majorly and used as payment everywhere.
I want to ask a question, if there is a Bitcoin ATM card, and you want to use it to pay bills such as an hotel booking, will the payment reflect instantly while the atm machine or Miners still has to process the transaction?
Also, let’s say in the aspect of payment for services, would you have to wait for minutes? Or hours if there are large transactions to be processed, we are talking of when adoption eventually takes place in the world.
Remember what happened to binance yesterday when India lifted the ban on cryptocurrency, even binance exchange had to do a quick maintenance.
For me, i do not think bitcoin can replace fiat totally, because when their are larger transactions to be processed, it takes hours or even a day, except you have to pay Higher fees to process your transaction.
I will love several suggestions below, to further enlighten and brighten my knowledge.
Topic: Bitcoin is not suitable as a currency, it's a store of value - page 4. (Read 1084 times)
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