Can you use Bitcoin as a practical currency? - page 8.

liamnorthcoins

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Quote from: krafa on September 06, 2018, 10:13:55 AM

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:

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 Cheesy

What do you think brothers?

Bitcoin is a practical and timely currency the only reason it is not is because it not fully understood by many people over the world. If given the proper support for the dessimimation of proper information probably it can even take over fiat currency.

tibinpro432

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This can be done, if you are a good investor, the transition from virtual currency to reality is very easy. You can use it to pay for electricity bills or shopping, tickets to the tournament, etc. These are some examples of how to use bitcoin in a practical way. Have you tried this yet?

Ezenwanyi1

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Veil

If what you meant by "practical currency" is fiat then the answer is no.
This is because bitcoin is a decentralized virtual currency and that is what makes it bitcoin.
You remove it and bitcoin will cease to exist.

cryptoblackhat

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I find Bitcoin about as practical as my previous forex brokers.

It's difficult to use for everyday transactions, like you might do with a credit card.
But it's easy to use for large international transactions, like sending a bank transfer between countries or paying for something online.

Ezenwanyi

copper member

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I would love to see bitcoin being used as a payment means for goods and services.
But as it is now, I cannot use it because it is not yet generally accepted as a medium of exchange.

Shafiqul Islam

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burst.money

No I can't use bitcoin as practical currency because our country never accepts bitcoin but people convert bitcoin others currency which is acceptable in my country.

dimbaba

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If you have a internet connection. It will be definitely very easy if you pay your payment by crypto currancy. bitcoin is widely used for transactions of goods and services.

daicavung

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I know Japan and Japan are two countries accept BTC in the payment of goods and services, but in some countries and including my country BTC is not really accepted, that is the real thing that I see

shelemiah31

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Yes.In fact, I've been using it to pay my bills, e-loading, online selling and buying and money transfer.I do not need to go stay in a long line just to do my transactions.Using bitcoin is convenient and fast.

OcTA Bd

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Yes. At least I think that Bitcoin or other crypto currency can easily be used as a currency i.e. by replacing flat money.
Crypto currency is a internet based currency. You can use crypto currency any time if you have a internet connection. It will be definitely very easy if you pay your payment by crypto currency.
Everything is getting digitalized day by day. If the transaction system is also get digitalized then it will be good for all of us.

infested999

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There are many ways to pay with bitcoin online. Recently a friend of mine bought a city break using bitcoin as a currency

iqlimasyadiqa

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Quote from: Vickyrichy on September 10, 2018, 07:19:01 AM

Definitely bitcoin can be used as a practical currency. Looking at the current financial system, bitcoin is widely used for transactions of goods and services. About 40% of the world population is aware of bitcoin and uses it. In some few years, this percentage will increase to about 60 or 70%.

I think that Bitcoin users still do not reach 40 percent of the total population in the world. according to the calculations of various analysts, only about 2 percent of the world's population uses and knows bitcoin. as we know that there are still many regions that still do not have adequate infrastructure. this is because the area is still far from facilities that can make people use digital currency. we all have to continue to introduce bitcoin to more and more people. with good and right growth, the era of digitalization will get better. one of the factors that will determine the future of digital currencies is the number of people who trust digital currencies.

dobladonadouble

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If bitcoin is legal and acceptable in your place, it will be easy for you to directly use bitcoin as practical currency. But if it's still discrete, you can not directly use bitcoin but there are ways to use it like transferring it to other wallets or accounts or exchange it in your country's money.

TinyAndroid

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Bitcoin developing worldwide for use it for everyday needs. Bitcoin needs a good community to gain reliablity amongs people. In future everyone can use it as practical digital currency. Like if anyone wish to pay for coffee that could be possible by bitcoin.

Vickyrichy

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Definitely bitcoin can be used as a practical currency. Looking at the current financial system, bitcoin is widely used for transactions of goods and services. About 40% of the world population is aware of bitcoin and uses it. In some few years, this percentage will increase to about 60 or 70%.

KissyPiggy

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I don't know the scope of Bitcoin using place. The place where you collect your daily commodities are not accepting Bitcoin. So there are no place to use Bitcoin for daily uses.

muneeb.zain

newbie

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As most of the people say that bitcoin is the digital currency and the new ERA of buying and selling things but i probably think that bitcoin can't be utilized as the practical currency whereas it might be use in few places around the globe for trading but not all over the globe.

Compiler

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If you can, there are currently prepaid cards and a couple of ways to pay with Bitcoins, from mycelium or some other wallet, you can transfer money to that card and use it to pay for food in supermarkets, or you can go directly to an ATM and take out money. They work like normal cards.

AvenG

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Res Et Non Verbum

You can use bitcoin as a means of payment. At present, more and more organizations are starting to accept payment for goods or services by bitcoins.

Phinoy

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Quote from: Nolimitz84 on September 06, 2018, 03:08:56 PM

Yes, there are already services that can accept bitcoin for payment.And it's very cool.Now bitcoin and cryptocurrencies are beginning to enter our lives tightly.

I think you can because technology now you can do what possible that you think you can't.In recent years though, as values have continued to increase, the call for new ways to actually spend Bitcoin as a regular use like money without the hassle of converting to normal currencies has increased. This desire for greater liquidity has led to a host of new companies, seeking to offer consumers innovative ways to spend their Bitcoin.

Topic: Can you use Bitcoin as a practical currency? - page 8. (Read 1886 times)