"As a matter of fact, it relies upon the network or individuals on the planet. Have they effectively acknowledged bitcoin as a cash or not, when the greater part of the clients officially acknowledged it. At that point, it will be simpler to utilize it as a cash.
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Topic: Can you use Bitcoin as a practical currency? - page 6. (Read 1886 times)
Not at all in my country because is not accepted as means of exchange for the people just because my country is still under developed which will drastically affect bitcoin as a means of exchange
If you want to use bitcoin as a means of payment as easy as possible, then you should use payment cards like FuzeX. They allow you to use bitcoin without any difficulty, as cash from a VISA card.
Bitcoin is an asset with large price fluctuations. Excessive price volatility may result in substantial profits and losses during the payment and liquidation process, which is unwilling to be accepted by most ordinary merchants.
But in some countries BTC is a legal currency and can be easily traded!
But in some countries BTC is a legal currency and can be easily traded!
indeed in some countries it has been agreed that bitcoin has circulated, but there are also countries that have not agreed. moreover each country has a different government, and the government also has different opinions. so each country has a different view.
Utilizing bitcoin as a useful money will be somewhat hard and even here is additionally a likelihood to come up short. I concur that bitcoin is famous and individuals need to win bitcoin yet the bitcoin cash has an impediment among the crypto clients and typical individuals don't think about bitcoin.
Now replace the usual money with bitcoin is not possible. There are not many places where you can pay for goods or services with their help.
Bitcoin is an asset with large price fluctuations. Excessive price volatility may result in substantial profits and losses during the payment and liquidation process, which is unwilling to be accepted by most ordinary merchants.
But in some countries BTC is a legal currency and can be easily traded!
But in some countries BTC is a legal currency and can be easily traded!
Currently bitcoins usage is not that widespread so you can not use it everywhere but there some shopping mall and online stores out there who accepts bitcoin just do a search you will find it. You have to use bitcoin wallet and ATM to transact by bitcoin.
You can always use bitcoin, anyhow you want it just like the usual fiat currency. This is possible if the people you are dealing with understand how blockchain technology works. So you need to educate the people around you about how amazing bitcoin is, so you can easily transact businesses with them.
Yeah, but what about huge price spikes. Do you think this is sustainable? Do you want to buy something that will be twice higher or cheaper tomorrow? Btc can be used tied to fiat values only.
If bitcoin is legal in your country then you will find many banks, stores are accepting bitcoin as a form of transacting but, if it is illegal then you can not use it anywhere. Just search google to get more knowledge and master cards and visa do not give any service related to bitcoin.
not in all countries. Poorly developed countries do not adopt btc.
If bitcoin is legal in your country then you will find many banks, stores are accepting bitcoin as a form of transacting but, if it is illegal then you can not use it anywhere. Just search google to get more knowledge and master cards and visa do not give any service related to bitcoin.
You can always use bitcoin, anyhow you want it just like the usual fiat currency. This is possible if the people you are dealing with understand how blockchain technology works. So you need to educate the people around you about how amazing bitcoin is, so you can easily transact businesses with them.
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?
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?
Paying with btc is quite hard these days, but it's excellent for sending money to your friends, for example. Fast transactions to any point in the world. A great use case is already available to everyone.
Still I don’t have sufficient knowledge about it. But as far I am concern there is no such an opportunity to use bitcoin via American express or Visa. But I believe it can be usable if there is an invention of any application.
There are individual who are doing private home business and they are accepting Bitcoin as payment... You just have to look for them near your location... We have in our community who sell cupcake for Bitcoin..
If now in your country bitcoin or crypto have been legalized it is very good to use bitcoin to buy and sell goods, but if for now I still use bitcoin as an investment tool, because in my country bitcoin or crypto are still illegal.
In my opinion Bitcoin is used as a practical currency. People in the cryptocurrancy world most often use Bitcoin for most of their transactions online. Today, more and more organizations are starting to accept payments for goods or services with Bitcoin.
In fact, there is no good way to use bitcoin or any other coin as money right now. There are big commissions everywhere.
I agree with this idea. Bitcoin is only suitable for large transactions, not suitable for small daily transactions. Because Bitcoin is a virtual currency, it does not have a real value, it needs daily transactions that require modern infrastructure, people's education, government consent, etc.
For countries that prohibit Bitcoin activity or cryptocurrency. Cryptocurrency can't be exchanged as currency. That only happens in legitimate countries.
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