Bitcoin used for its actual purpose - page 3.

nioctiB#1

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Quote from: worldtraveller321 on January 17, 2018, 10:09:55 PM

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

Here in our country bitcoin is used for faster overseas and local remittances and there are also local services that allow us to pay in most of utility bills, credit cards, insurance, tuition fees, internet connection bills and buy gift cards or game credits using bitcoin. it really gives me convenience because i dont have to go outside to pay those bills.

Guzztsar

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Bitcoin and altcoins are literally saving lives in Venezuela. Here in Brazil i've already heard about small establishments accepting, there are some trusted services that's allow you to pay almost any type of bill via bitcoin. These insane transaction fees are undoubtly delaying the dissemination of bitcoin as a payment method.

timikulit

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Bitcoin is designed for storage of wealth. sooner or later there will be another crypto to be used for purchasing all kinds of goods. this crypto has a lightning fast transaction with almost zero fee. It may be a blockchain 3.0 with scaling technology.

This is the actual purpose of bitcoin.

jinxing

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Bitcoin is used for the real purpose that's what it should be. But not a few people use bitcoin for crime purposes. Why do they use bitcoin for crime? Because bitcoin digital currency is very easy to use. Therefore bitcoin users should be more careful. In order for bitcoin to be used properly.

Bukx

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Quote from: worldtraveller321 on January 17, 2018, 10:09:55 PM

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

Japan for sure. Because in japan bitcoin is legalized and its free for citizens to use bitcoin as payment which is the same purpose when it is made by satoshi nakamoto.
Recently, i know 2 things like slow transaction and high fee that can lead people dont use bitcoin as payment

ipanks

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Quote from: worldtraveller321 on January 17, 2018, 10:09:55 PM

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

in my country especially in Bali, bitcoin use as a payment at a local store but unfortunately, I don't have the experience about this and maybe later if I am visiting Bali, I will take the chance to pay a cup of coffee with bitcoin. but in the rest city, I don't think that bitcoin is used as the payment. but personally, I use bitcoin to withdraw to fiat and sometimes I used bitcoin to buy electricity tokens with bitcoin. I heard in Jogjakarta, bitcoin is used as a payment for a coffee but unfortunately, I cannot find that cafe.

pawanjain

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Nothing lasts forever

Bitcoin is in its developing stage yet and to expect it to be well established in the industry will be foolishness knowing it's high fees and other issues regarding scaling. It still has to face more obstacles before it gets implemented in real world applications. Although there are some merchants in a few countries that do accept Bitcoin as a payment, it will be accepted worldwide only when it's issues are solved. We can expect the Lightning netwokr to solve most of the issues and may be then many other merchants will start accepting bitcoin as a payment mode since micro transactions will be possible at that time. Until then we will just have to wait for it to be a reality.

BUSTEDCLUB

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I really want to use it for daily life, but you know the fee for one transaction is to damn expensive. You say for buying coffe ? who want to pay something but the fee is more expensive than the product i buy. Pass mate, if there cryptocurrency accepted as payment method for daily use, ill chose the one with cheap fee

alisafidel58

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Quote from: worldtraveller321 on January 17, 2018, 10:09:55 PM

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.

It actually depend on what a person wants to do with his/her bitcoin, its a case to case basis, a few days ago i saw a video on youtube that a man bought a lamborghini aventador via bitcoin.

While in other parts of the world bitcoin is being used to pay bills such as electricity and water bills, while some just want to buy a coffee or other things they can with bitcoin.

On some special occasions, there some people who trade bitcoin for real cash by passing exchanges for the sole purpose of being anonymous.

Quote from: worldtraveller321 on January 17, 2018, 10:09:55 PM

where else in world is it being used as a currency?

I think most part of the develop countries, citizen there use bitcoin to purchase anything they want in exchange for bitcoin, but i think bitcoin is hardly used by people nowadays to buy stuff offline, mainly the reason for this is that the fees that you will have to pay in extra just to make a transaction which is not good right now.

baradfo

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Quote from: ?? on ??

Here in our country bitcoin are good in many ways like if we transact our money to some country because our family member work abroad and also to save our money,here in our country also bitcoin wallet is already have exchanger in our own money so that's the conveniece that can bitcoin brings,Moreover i think in the future we can call it digital money call butcoin as international money.

What country is this?

baradfo

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Quote from: worldtraveller321 on January 17, 2018, 10:09:55 PM

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

It's not just small coffee shops/small businesses in the US that are accepting BTC. Online/e-commerce sites like overstock.com, newegg.com, cheapair.com, and expedia.com (for hotels only atm) are accepting BTC for payment options. I do believe that companies in several countries in Europe are also accepting BTC, though I cannot say that definitely.

worldtraveller321

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The Quest of the Best Information to the Solution

Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

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