Topic: Can you use Bitcoin as a practical currency? (Read 1870 times)
I think that in current conditions it is hard to make it really practical, however it really can be used to save money/investments and to buy something.
This depends on your country. if the system permits the use of bitcoin as practical currency, then why not. It even encourages its usage. It's really much secure than most currency on some financial systems. And it blends with the global technological, and because of it's technical diversity, it can be literally used for purchasing anything. I sincerely will agree with any country or system who merges, or permits the use of Bitcoin as a practical currency. It simply signifies the hunger for advancement in that nation or system. which is pretty much reasons why most developed countries are where they are now. Adoption of the now and a sight for the future.
I still use Bitcoin for payments. I'm a miner, and I use Bitcoin for large payments if I do not want to use the services that come from the banks. Many people like me choose Bitcoin as a currency to replace FIAT in transactions.
The course is not stable at the moment.Pizza to buy for bitcoins is definitely not worth it)and then you will regret that you spent precious)As the famous case when a guy bought a pizza for 10,000 bitcoins))))))))))))))))))))for bitcoins you need to buy something more worthwhile like a house or a car.And what better to do it not now,but later.When the rate will normally rise.
Bitcoin and another cryptocurrency is still at the stage of legalization by the states. This process is long and when it ends and the cryptocurrency will be legalized by most states, only then will the infrastructure for its practical application develop very quickly and people will be able to use it directly in practice to buy various goods and provide services. Until the time for this has come.
It curls from the country in which you live. If the exchange services are functioning well enough in your country, then there is no problem. But even if there are restrictions in banks, you can always use the services of virtual payment cards.
Gradually bitcoin will become a practical means of payment, all of this will run with time.
Bitcoin is starting to expand and this is sure to be more and more companies that will receive payments with bitcoin.
Bitcoin is starting to expand and this is sure to be more and more companies that will receive payments with bitcoin.
I have a Hapo card for several years now. I use it when I go shopping and make purchases. Therefore, I can say that I use Bitcoin almost every day. For me, this is a common thing - to put my Bitcoins into my Hapo account and use the card when making my daily purchases.
the existence of bitcoin must be given more attention, especially in the food business sector, B2B and P2P. because every sector has a big influence in the development of bitcoin in the future. especially I was very happy when I found out that the visa and mastercard began to be integrated with the blockchain system
Not now, as you know, bitcoin still has many obstacles to use as a practical currency, Bitcoin must be able to solve some problems related to shipping time and costs.
Most of those factors that has been mentioned are true about bitcoin but I have to disagree with few factors that was mentioned like not being a good solution for day to day purchase. People today loves online shopping and in my local, I've seen that I can apply and use bitcoin for those purchase.
I don't have to use credit card or my PayPal just for it though I have an option for COD but I'd prefer to use bitcoin to contribute to the crypto ecosystem. It takes time for a transaction? yes it takes time, for about 5-10 minutes nowadays and that isn't much wait.
I don't have to use credit card or my PayPal just for it though I have an option for COD but I'd prefer to use bitcoin to contribute to the crypto ecosystem. It takes time for a transaction? yes it takes time, for about 5-10 minutes nowadays and that isn't much wait.
All of us who are participants and are using cryptocurrency want BTC to be the official currency and used in commodity trading. But as you see, we are fighting the whole world. I think this will take time.
I do not know much about it,but I have found through my personal sources and crypto news that in some countries,Pizza and cold drinks can be bought in exchange for crypto currency.Hopefully soon all the resource and resources of life can be bought by crypto currency.Hopefully,all countries will soon validate it.
A retailer could not only save money by paying less fees than credit cards, but could also save money/time/resources by using bitcoin to buy the bulk items they sell in stores. Walmart, for example, using bitcoin behind the scenes to buy what they sell. This idea is touched upon in the book The Age of Cryptocurrency.
Consumers would want to switch from using their credit cards to using Bitcoins because of all the fees associated with using their credit cards for purchases. Bitcoin is already a practical currency due to its popularity for making payments all over.
You can spend Bitcoin (and other cryptocurrencies) on any item or service that the provider will accept Bitcoin as payment. For Example, a bank will not allow you to pay your mortgage in cryptocurrency, but you may be able to purchase a house with cryptocurrency if the seller is willing to accept it.
Certain states, such as Vermont and Arizona, are beginning to allow cryptocurrency for tax payments, and many people are pushing the IRS to allow tax payments in cryptocurrency as well.
Also, one of the benefits of Bitcoin are to have an immutable historic record or payment, so it may be beneficial for large purchases while not as important for smaller, more average transactions such as purchasing a cup of coffee.
Certain states, such as Vermont and Arizona, are beginning to allow cryptocurrency for tax payments, and many people are pushing the IRS to allow tax payments in cryptocurrency as well.
Also, one of the benefits of Bitcoin are to have an immutable historic record or payment, so it may be beneficial for large purchases while not as important for smaller, more average transactions such as purchasing a cup of coffee.
A retailer could not only save money by paying less fees than credit cards, but could also save money/time/resources by using bitcoin to buy the bulk items they sell in stores. Walmart, for example, using bitcoin behind the scenes to buy what they sell. This idea is touched upon in the book The Age of Cryptocurrency.
You can use bitcoin in various stores that have received bitcoin into a payment tool. I think bitcoin is a revolutionary technology and I think bitcoin will continue to grow year by year.
Absolutely but still we don't see many bitcoin payment options because still bitcoin is adapting into businesses so it is still progressing in the financial world but soon people will have large number of bitcoin payment options and that will increase the use of bitcoin as a currency than we see today but for that to happen I think the current volatility should be change because otherwise it can make an disadvantage for both consumer and the company 
For now, there may still be many people who have difficulty using bitcoin as a payment instrument. One reason, maybe because there are still many countries that do not have regulations for bitcoin. But I believe, someday. When everything is ready, bitcoin will be accepted globally as a means of payment 
bitcoin is already been recognized around the globe and bitcoin is not also diffcult to understand because it is only a virtual currency just like paypal . regulation is not also the reason on why some countries ban bitcoin . bitcoin is decentralized and cannot ever be regulatize or control by a government . they can only ban physical shop and stores that accepts bitcoin , they can also ban websites that is related to bitcoin but it is still possible to access and use bitcoin using a third party software .
he use of bitcoin as a payment method is widely used by people. Some stores in countries have accepted this payment method. You buy a pizza or something at those stores and pay with bitcoin if you want.
For now, there may still be many people who have difficulty using bitcoin as a payment instrument. One reason, maybe because there are still many countries that do not have regulations for bitcoin. But I believe, someday. When everything is ready, bitcoin will be accepted globally as a means of payment
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