How Practical is Bitcoin As Payment Service? - page 2.

yndye

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Quote from: Duzter on October 26, 2018, 05:24:31 PM

Bitcoin as a payment service in practical is simply possible. This is all through the adoption that is happening all around as well the user friendly applications that are getting into usage. Initially people will feel some difficulty in using the services, which further let's them use it same as that of using PayPal and other services.

However, there is still a problem when it comes to stability. Just look at what happened last December when there are people flocking sending coins and the result is that a high transaction fee because people just want to make their transaction fast so they are willing to pay higher that's why it keeps going up. It would take a few minutes as well or hours if the network is really clogged for you to receive or send coins. For now, it wouldn't be able to carry the volume if more people will be using it same as PayPal but then it would be resolved in the future.

Llaux

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I think 10 minutes of block time makes it somewhat uncomfortable for fast purchases.

dentolas

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arcs-chain.com

in my area I don't find so many practical ways of using bitcoin in my daily life, nevertheless there are a few online services/shops/persons that are accepting bitcoin and the number is increasing...
What I think mostly everyone does is having an account that allows you to deposit bitcoin and convert it to fiat, directly (linking an exchange account with your fiat bank account), or using a card from the company that supplies the service, and the availability of the card, depends on the country you are in

amonymous

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Talking about your country government accept in Bitcoin?if you have then you can use Bitcoin payment for shopping.i know many development countries already accepted in Bitcoin payment system for shopping,buy foods and others service.it is the good opportunity to buy online shopping system likely Bitcoin world.

andylioe78

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Bitcoin is a decentralized and accepted virtual currency for online payments for goods and services. Bitcoin is more practical because it does not need to waste time to withdraw or deposit money in the purchase of goods and services. Most online bitcoin wallets have the option to transfer or withdraw them in several banks .

gheawari431

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Quote from: Duzter on October 26, 2018, 05:24:31 PM

Bitcoin as a payment service in practical is simply possible. This is all through the adoption that is happening all around as well the user friendly applications that are getting into usage. Initially people will feel some difficulty in using the services, which further let's them use it same as that of using PayPal and other services.

Until now, Bitcoin's use of payment is more to the upper middle class who better understand digital technology, and do not want their identity to be known publicly. Because bitcoin ownership is anonymous, making some people like it rather than payment using fiat money. What makes it practical is the peer to peer system, direct transactions even between countries.

SlickMoTwoToe

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Quote from: Duzter on October 26, 2018, 05:24:31 PM

Bitcoin as a payment service in practical is simply possible. This is all through the adoption that is happening all around as well the user friendly applications that are getting into usage. Initially people will feel some difficulty in using the services, which further let's them use it same as that of using PayPal and other services.

Bitcoin used as payment service will be a good way of creating a wide range commodities that will soon be considered as the good adaptation of the crypto currency, For now it is used to buy some things in the store, But soon I think it can be also used for payment services.

kotajikikox

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Quote from: cryptostream209 on June 26, 2018, 01:20:55 AM

i am new here and i came to ask fellow users about how practical bitcoin as payment method is? i paid for domain on namecheap via bitpay and it was okishh experience. I mean how much i can use bitcoin to pay online for shopping,services and goods?

Talking pratical use for bitcoin payment, i use bitcoin as payment method if i have no time to go in the payment center, i use my local wallet to use bitcoin as oayment via online is practical way because i am not using more hours to travel into the payment center.

But as of now using bitcoin as oayment isn't pratical becuase their price in in the lower price nit pratical to use, this time need to hold the bitcoin for long term.

Duzter

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Leading Crypto Sports Betting & Casino Platform

Bitcoin as a payment service in practical is simply possible. This is all through the adoption that is happening all around as well the user friendly applications that are getting into usage. Initially people will feel some difficulty in using the services, which further let's them use it same as that of using PayPal and other services.

Luthfiyaaa

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I think payment using bitcoin is practical, it can only scan barcodes, or just transfer to another wallet. can direct transactions between countries, long distance easily without having to go through a complicated process. so it's very practical.

wxa7115

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Bitcoin is GOD

Quote from: Sonaile on October 22, 2018, 04:49:00 PM

Soon bitcoin will be accepting every corner store of the world! That is the way we all will get connected with one global digital decentralized currency, the currency for the people by the people.

I do not know if bitcoin is going to be so widely adopted but I think we will come to the point in which most major stores will decide to accept bitcoin in the future because if they do not do it then they are going to lose customers to the businesses that do accept bitcoin as a form of payment, we are seeing an example of this in japan in which there are many stores that accept bitcoin and I really hope this is a tendency that will spread through the world.

But for that to happen a lot of things will need to change, first of all we need fast confirmations, cheap fees and more importantly we need a way to diminish the amount of scams in the market, something that as you may guess is not easy at all.

SventraPapere

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Unfortunately, the range of goods and services sold now for bitcoins is not so great(but we are working on it.I recommend at this stage not to use bitcoins for purchases.Now it is extremely not profitable.They are better to save up and to the best of times.Use your Bank cards while they are still needed))) for that matter,it is better to sell something for bitcoins.

esetop01tryba

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https://www.empirehotels.io

As for me, a very convenient form of payment without the presence of third parties in it Is also convenient to track your own transaction !

J Gambler

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Quote from: cryptostream209 on June 26, 2018, 01:20:55 AM

i am new here and i came to ask fellow users about how practical bitcoin as payment method is? i paid for domain on namecheap via bitpay and it was okishh experience. I mean how much i can use bitcoin to pay online for shopping,services and goods?

This is more practical since you don't need to waste time to withdraw or deposit money in purchasing items and services. Most of the bitcoin wallets online has an option to transfer it or withdraw it in some banks. It's also more efficient and reliable. Efficient because you can pay your bills in just 10 seconds. Reliable because you can transfer it to a lot of ways.

anitaraymonds

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Bitcoin is a virtual currency that is decentralized and accepted for online payments for goods and service . Bitcoin though not accepted by all online merchants but in no distance time more online business will adopt bitcoin as payment processor. The first action to take if you want to make payment with bitcoin online is to check for the merchants payment processors that is acceptable to them. Once bitcoin is one of the payment option, then you log into your wallet and transfer the exact amount needed for the payment. It is fast and safe provided you secure your private key.

trickyriky

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Quote from: samantadegrenet on October 20, 2018, 02:41:32 PM

Don't think is pratical for everyone but almost , specially with new generation. I am just wondering what happen if someday internet will not work anymore?

I guess, people that have many Bitcoins which they managed to buy or mine when BTC prices were very low can find it practical to use the cryptocurrency for payments. The average investors and traders will hardly buy anything for BTC.

hahay

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If your intention is how much bitcoin you can spend on shopping, paying for services, and also buying goods. Then I will say there is no limit, as long as the store can accept bitcoin as a payment tool then you can spend your bitcoin there. So I think the method is very practical and the transaction will run quickly to wait for confirmation if we compare to make payments using fiat to transact between different countries.

Jasad

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= jasad =

Quote from: cryptostream209 on June 26, 2018, 01:20:55 AM

i am new here and i came to ask fellow users about how practical bitcoin as payment method is? i paid for domain on namecheap via bitpay and it was okishh experience. I mean how much i can use bitcoin to pay online for shopping,services and goods?

the choice is not much, but maybe friends here have recommended that you can spend bitcoin.
I am not sure that bitcoin will be adopted and used as a practical tool for online shopping, because we know the value of bitcoin is very difficult to control. this is the basis of my judgment

alittlebitinfected

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In my country, bitcoin has actually a lot of use when it comes to payment service. I mostly use it when I buy load. But it also can be used in paying bills (electricity, water) or in buying game credits. It's convenient to use.

denzkilim

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Quote from: bce on October 25, 2018, 03:47:07 AM

Quote from: cryptostream209 on June 26, 2018, 01:20:55 AM

i am new here and i came to ask fellow users about how practical bitcoin as payment method is? i paid for domain on namecheap via bitpay and it was okishh experience. I mean how much i can use bitcoin to pay online for shopping,services and goods?

in my opinion bitcoin was created to meet the needs of the economy by using advances in time and technology if developing technology requires practical, fast and efficient of course bitcoin fulfills that but in my country it cannot be done because the government still prohibits direct transactions using crypto currencies

Definitely, the efficiency that Bitcoin can give when it comes to a fast and secure transaction is superb and there is no doubt about that.
We all know that we are not living in the past where almost everything is done manually with a lot of effort needed, we are already living in a digital world where almost everything is digital and with just a click everything will be done easily and Bitcoin is part of this fast-moving technologies and innovations in our daily lives. Some people may not accept these kinds of innovation easily due to their way of thinking and beliefs in life but most of the people that are technologically aware of what's happening in our world will easily learn and accept the innovations presented to them. Cool

That's unfortunate for you that your country prohibits transactions with Bitcoin but sooner or later, hopefully, they will have a change of heart.

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