Topic: Can you use Bitcoin as a practical currency? - page 2. (Read 1886 times)
I believe so. How many things did not happen in the market. Bitcoin is still alive. And what's more, he's still the king of crypto. Therefore, I can say with confidence that bitcoin is practical
If by "practical currency" you meant fiat, then the answer is no.
Bitcoin is a decentralized virtual currency.
It is fiat and I do not think it's possible for it to become fiat as that would defeat the purpose of its creation by Satoshi .N.
Bitcoin is a decentralized virtual currency.
It is fiat and I do not think it's possible for it to become fiat as that would defeat the purpose of its creation by Satoshi .N.
It is not very interesting that many coins are universally acceptable and if crypto exchange in operating in every country that would be more good because the people will more trust and they will make transactions in crypto and now you can pay every where in the world so it is also a practical currency.
Yes, of course, where I live there is a car repair shop that wants to accept payments using bitcoin but not everyone already has the bitcoin. But I always give understanding to the community to be more confident in cryptocurrency
if for now it still can't, bro. using bitcoin as a currency. except for fellow members. because the government in my country Indonesia still prohibits bitcoin from being used as a legal currency like paper currency
It is practical. It won't replace our main currency at least not now but it's convenient as you can pay for anything without using any important information. It was created as a means to make online payments easy and quick.
Yes, you can use BTC as a safe, convenient, cheap and fast practical currency
Bitcoin can also be used as a payment gateway for transactions that do not require complicated things
everything can be done simply by Bitcoin, and is very suitable for practical people
Bitcoin can also be used as a payment gateway for transactions that do not require complicated things
everything can be done simply by Bitcoin, and is very suitable for practical people
Currently, electronic payment is widely and widely used. People won't have to go to the bank to withdraw money, keep money and can pay anywhere with just a phone. Trading becomes easier and faster, contributing to stimulating trade. Some stores now accept bitcoin deals as a new payment method.
i think, bitcoin is a practical currency, which we can use online payment system easily. but we dont use it paper currency any country quickly . we can do exchange.
I think it's easy to use bitcoin, just as practically as we pay using a credit card, but it's easier, we just need a bitcoin wallet and wallet address from retail seller, we can send bitcoin from our wallet to the seller's wallet through that address, there are some retailers who have provided QR code on the cashier, so we only need to scan the QR code to pay for it
For Bitcoin to become a popular currency, Bitcoin must be accepted by everyone. But it is difficult for people to use Bitcoin to young, so older people and children may not know Bitcoin. I think Bitcoin is a very hard currency to disseminate
many already use cryptocurrency for purchases, and others, so I believe that this is the current reality
Many people use crypto as payment method, I agree, but I think, that bitcoin in not the best payment instrument because of the high fees
many already use cryptocurrency for purchases, and others, so I believe that this is the current reality
You can use at the support points or accept payment by Bitcoin and altcoin! Currently, there are not many places to accept, it takes more time for Bitcoin to be widely used
Yes, as of now only few stores are accepting it and most of them are online stores. So far, the improvements on bitcoin is good and the adoptions will continue to develop soon.
You can use at the support points or accept payment by Bitcoin and altcoin! Currently, there are not many places to accept, it takes more time for Bitcoin to be widely used
As long as it is not restricted in the place where you use it, yes bitcoin can be a practical currency. But it always depends on how they deal with bitcoin or crypto currencies, as long as they accept it you can use it, for now few have been accepting bitcoins, you can use it if you convert it into fiat.
As an individual motivation bitcoin has a great potential virtually of the currencies. But it all depends on the current situation and countries adoptation, if the government take risk of it, then the huge development of bitcoin will turn out as practical currency. And I know it won't take easily, a long procedure and process will consume some time before it will declare the acknowledgement. Only time and patience for the great thrives. In my country it will not accepted as a payments, i did not heard it, that there is companies accept. I think because in my country it is not develop yet, many places no internet or signal and it is not already legal but not also ban. It depend on where country are you? Some contries used already it, just a little search.
Sadly, even with its popularity, bitcoin is still heavily reliant on internet connectivity. Yes, there may be cases where an offline bitcoin transaction might take place, yet, at the end of the day, without the internet, the blockchain might not be able to process and record your transaction.
Thus, places where internet is not available at all might have a hard time dealing with bitcoin as a practical currency.
I know that there are many services where you can use bitcoin in everyday payments, including there are cards that will write off the payment in bitcoin at the exchange rate) study this issue, I think you will discover a lot
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.
Hello All, I have a question.
If I want to use bitcoin as practical or daily currency then what should I do?
Is American express or VISA offer such kind of opportunity so far?
I am very excited to read something special here: https://reliable.cash/t/can-you-use-bitcoin-as-a-practical-currency/33
Specially these are amazing to me:
Now I want to purchase my Pizza using Bitcoin
What do you think brothers?
It may not be practical today but it can be enhanced and upgrade soon. Besides Bitcoin today is already considered as a store of value. It may not be on the whitepaper of Satoshi Nakamoto but I believe he already invision it and predicted that the price will soon be high because it has a very limited supply. If I want to use bitcoin as practical or daily currency then what should I do?
Is American express or VISA offer such kind of opportunity so far?
I am very excited to read something special here: https://reliable.cash/t/can-you-use-bitcoin-as-a-practical-currency/33
Specially these are amazing to me:
Quote
There are many reasons for bitcoin to be not used as a practical currency. Some are listed here.
- Some users lack the infrastructure required to use bitcoin
Some users lack the knowledge required to use bitcoin
It will not be a good solution for day to day purchase
It takes time to process a transaction that is why it is not practical at all
Not many stores accept bitcoin as a payment either online or offline
Stability in pricing
Strong network infrastructure required for its payment to process
Now I want to purchase my Pizza using Bitcoin
What do you think brothers?
If your daily needs can be covered through on line transactions well bitcoin can do that better but you won't be able to use it every where like fiat currencies because it doesn't have a physical form but that won't be a boundary to anyone because today most goods and services can be purchased on line without a problem and in the future this situation will be much better because we can see more bitcoin into business adaptation in the financial world than before
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