Topic: Do you think that Bitcoin could become a popular payment method? (Read 640 times)
Perhaps in the future when some rules have been enacted and the btc will have achieved greater stability it can become a popular payment currency.
April 19, 2018, 04:32:38 PM
There are a lot of stores and shops that accept BTC or other cryptocurrencies as a payment already...but it will take a while to build an infrastructure, so everyone can find them easily.
April 19, 2018, 04:23:26 PM
The possibility also of making Bitcoin become the most popular mode of payment was great. Why? It is fast, easy and secure because it uses blockchain technology. It also connects all the countries from different parts of the world due to decentralization. I think acceptance and awareness of Bitcoin are the keys to be able to make this possible.
April 19, 2018, 04:21:15 PM
I think it even happened. Bitcoin may be used for payment at KFC stores in Canada, according to a recent report. After that, I speculate that the BTC payment scheme will be accepted especially for those with high prices. Bitcoin can be used, for example, when driving a car or home. But as I always said, first of all I need to increase Bitcoin transfer rate. It would not make sense if they wanted to wait 10-15 minutes for payment at the store. It will not be easy to pay without increasing the transfer rate. In this sense, lighting technology will increase the block capacity, as SegWit, which is very important for Bitcoin. Regardless, if this issue is resolved, the price of Bitcoin will increase significantly.
April 19, 2018, 03:46:39 PM
Bitcoin will become a normal payment method that we will be able to use anywhere but I don't think it is going to be very popular. Why would someone use bitcoin to pay for something with bitcoin and pay an extra 1$ on fees if he can pay directly with cash or credit cards without a commission? Only if he doesn't have cash or credit card in his pocket and he has bitcoin but that rarely happens.
Pretty much anyone who has a few tens of million of dollars can manipulate the price in just a few minutes and make a lot of companies lose money through this. Probably that's why some companies just don't want to accept bitcoin as a payment method, because they know how it works and how big the risks are.
Pretty much anyone who has a few tens of million of dollars can manipulate the price in just a few minutes and make a lot of companies lose money through this. Probably that's why some companies just don't want to accept bitcoin as a payment method, because they know how it works and how big the risks are.
April 19, 2018, 03:43:39 PM
Yeah i belive that
Bitcoin evey year rising it poppularity neither as a currency or just an asset but we know something that is good when bitcoin reach it full potential and rising stablize and we would say yes bitcoin can be a poppular payment method
Bitcoin evey year rising it poppularity neither as a currency or just an asset but we know something that is good when bitcoin reach it full potential and rising stablize and we would say yes bitcoin can be a poppular payment method
April 19, 2018, 03:38:25 PM
The bitcoin revolution is gathering momentum and breaking barriers and seeing new frontiers on a daily basis. From Japan to Malaysia to Zimbabwe, the currency and all behind it are making daily transactions faster and easier. By 2020, the bitcoin could be one of the leading,if not the leading currency of choice to do business
April 19, 2018, 03:20:03 PM
Yes.I Think also same.It Will become a popular payment method but in few years.
April 19, 2018, 03:16:30 PM
at the moment it is difficult to imagine that most people will want to take bitcoin as a means of payment.
April 19, 2018, 12:24:37 PM
It's hard for me to imagine a system in which you can pay for something in Bitcoin, the item you get is broken, and so you need your money back. I've been dealing with an online item dispute for a while now and even with fiat it seems like a complete shit-show to the point where say if I had used Bitcoin to buy the item it would be nearly impossible to try and fix the situation.
April 19, 2018, 11:28:33 AM
Sadly i don t think that anymore. the fact is btc is becoming for more and more people a asset rathher the a currency
April 19, 2018, 11:21:31 AM
Today I was reading on The Wall Street Journal an interview to John Rainey, CFO of Paypal. He said that Bitcoin will probably become a popular payment method in the future, but right now it's too volatile to use it as a currency.
My opinion is the same about volatility. Right now we can't use it as a currency because of its price changes, but I don't know if Bitcoin will ever have the stability needed.
There are lots of agents manipulating its price all the time, so I don't know if it will be ever possible to use it one day as a payment method. It's like trying to use gold to pay for something. As long as we compare BTC with USD it will never be a currency.
What do you think?
I would personally say yes bitcoin could become a popular payment gateway,My opinion is the same about volatility. Right now we can't use it as a currency because of its price changes, but I don't know if Bitcoin will ever have the stability needed.
There are lots of agents manipulating its price all the time, so I don't know if it will be ever possible to use it one day as a payment method. It's like trying to use gold to pay for something. As long as we compare BTC with USD it will never be a currency.
What do you think?
bitcoin is safe, secure, easy to be used and understand, so huge merchant online store
are adapting to this virtual currency an accepting bitcoin as a payment method.
April 19, 2018, 11:15:35 AM
Yes, in some years because of the processing tools of different countries around the world. Law is law, we cannot expedite the due process of the government. Different countries different processes to be encountered after to be promoted as one of a paying method. In some terms it is now popular because of its fast profitable investment.
April 19, 2018, 11:08:59 AM
In some countries, bitcoin is not accepted , besides bitcoin is too volatile, as a means of payment, it can be very unprofitable for obih stoon.
April 19, 2018, 10:14:35 AM
With all the convenience and practicality of bitcoin, it is not impossible in the future bitcoin to be one of the most popular payment methods may be even bitcoin will be a payment method that is used specifically for rich people if we look at the high price in various market crypto.
April 19, 2018, 10:09:58 AM
Yes it could be but not that soon, Bitcoin need to improve the speed transactions, and then the next obstacle is the volatility, if we can make Bitcoin more stable it will be difficult for the shop owner to accept BTC, the fluctuation of Bitcoin is pretty high and sometimes the price range is quite far, but I believe with mass adoption we can decrease the fluctuation and make more people accept btc
April 19, 2018, 10:02:03 AM
i think bitcoin wont`s become a popular payment method, just investment like gold. Other altcoin`s like omisego will popular payment method
April 19, 2018, 09:59:20 AM
In true the nowadays volatility is not a problem for payment methods. It can be use as payment method as it is now - in what concern price.
Lets say that Im the store owner and you are the buyer:
I sell you a 50 dolars keyboard
You pay me with 0.003 satoshis
I receive them and convert to dolars
I have 50 dolars
Tomorrow you buy another keyboard with me
I sell you a 50 dolars keyboard
You pay me with 0.004 satoshis
I receive them and convert to dolars
I have 50 dolars
The volatility is much more a problem to the buyer than for the seller
Lets say that Im the store owner and you are the buyer:
I sell you a 50 dolars keyboard
You pay me with 0.003 satoshis
I receive them and convert to dolars
I have 50 dolars
Tomorrow you buy another keyboard with me
I sell you a 50 dolars keyboard
You pay me with 0.004 satoshis
I receive them and convert to dolars
I have 50 dolars
The volatility is much more a problem to the buyer than for the seller
April 19, 2018, 09:54:34 AM
I believe that bitcoin could become a popular payment method across all countries in a few years when development to its full potential takes place lessening its flaws and scalability issues. Adaption will take place in a few years because of its attractive features and there are so many ways the technology behind it can be utilized. Bitcoin is the most popular among all coins because it is the pioneer in crypto world.
April 19, 2018, 09:53:25 AM
Potentially bitcoin can be used in any shop, just need to decrease fee of payment and increase speed of transaction, so in future mb.
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