Topic: Is bitcoin a better payment system? (Read 2037 times)
I can't say that right now! But I'm sure bitcoin system was trying to reach its own potential. Bitcoin is in the infancy stage it's still in the process of developing there are many things to polish and accomplish in their in order to be effective. I can't say that it is a better payment system but the right time will come but now they should focus on their transaction. The high transaction fees and slow transaction.
Refunds are perfectly possible with Bitcoin. In this case it doesn't depend on Bitcoin itself, but the applications being used as payment gateway. BitPay, which is the most popular payment gateway right now, allows refunds too.
Bitcoin is not the best payment system because it has something to improve, it has a low processing speed. There is some faster than btc as payment system such as eth. I guess bitcoin should do some innovations and fixing some issues about bitcoin is important. Though it is not the best payment system, it is one of the best cryptocurrency. 
The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).
To be honest, bitcoin is good currency if many country around the accept bitcoin as payment. Its more safe and we can carry around the world without have to exchange it to other currency. If many merchant can accept bitcoin, that will attracting tourist or people spend their bitcoin for shopping and that will increasing economic growth
The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).
True. Bitcoins and blockchain technology has a lot of growing up to do to compete with the top dogs of money remittances. I think bitcoins may be the perfect ones to transfer with once all the problems are settled like the slow transfer rate and the transaction fees.
If the disadvantages such as high cost, take a lot of time, then I think the advantages of bitcoin is very great. It is widely available and easy to pay, we can trade anywhere in the world, so we can not deny the advantages that it brings to the user.
I think bitcoin is not currently being used as a payment system not because it is a bad payment system. The problem is that bitcoin is not popular enough.
bitcoin is perfect as a means of payment. there is no difficulty to verify and also the transaction goes quickly. will be much different when you try to use paypal or the other as a means of payment. I've proved myself, bitcoin is easier and faster than paypal.
Bitcoin has faster payment and transaction speed than Paypal, I agree with this opinion. But Bitcoin's transaction speed is slower than that of other Altcoin. Paypal is widely accepted and used because it has support mechanisms when you encounter scammers.
Even though this same topic has gotten many answers on a related thread. It safe to say crypocurrencies are better payment system since all know the issues Bitcoin is facing.
Recently there is a news of BTC adoption as part of payment options in the upcoming world cup. Compared to FIAT BTC is better but ALTS are more better considering the illustration you gave.
Recently there is a news of BTC adoption as part of payment options in the upcoming world cup. Compared to FIAT BTC is better but ALTS are more better considering the illustration you gave.
Of course not! Bitcoin is improved and its improved version is presented in the form of other coins! But bitcoin remains happens to be in any king of cryptocurrency!
The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).
As of now, bitcoins aren't the most efficient way of paying your bills and sending money to people. You might want to just stick with fiat money transfer today until the technology for bitcoins have become better than now. But I still do believe that one day bitcoins will be as much or even more effective than fiat transfer.
I think bitcoin is better used for tools of investment than for the means of payment. because purchasing goods with bitcoin is complicated requires a high cost and a long time unless using a network of lightning. then many stores or countries that do not allow bitcoin as a means of payment
If we consider bitcoin as a payment system, while this is not very practical, but payment technology is constantly improving and developing, I think in the future when the system becomes ideal, it will become a really better payment system
Bitcoin is not a much better payment system at the moment because it has not started to be used by everybody but it is not enough in a few stores or shops but after a few years it can be called the best payment system so we invest more in investors and do not break the morals I advise them to invest a lot because I think that they will eat their fruits in the future.
Using bitcoin as a payment system has proved to be a better alternative to PayPal, skrill, webmoney e.t.c a good feature to that effect is the ability to track and trace your funds using a transaction hash in the blockchain this feature cannot be found in other payment system and obviously bitcoin payment system has a fast and swift transactions.
The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).
I somehow doubt this but bitcoins are far from over if we talk about its growth. Bitcoins have a lot of updates to go through so we can expect that bitcoins will be an immediate replacement to our payment systems. As of now, I'll be sticking to fiat transfer because of cheap and fast it is to use.
bitcoin is perfect as a means of payment. there is no difficulty to verify and also the transaction goes quickly. will be much different when you try to use paypal or the other as a means of payment. I've proved myself, bitcoin is easier and faster than paypal.
Bitcoin is a faster, cheaper, and easier way to transfer money. Bitcoin's payment system is very easy and very fast. I often deal with bitcoin.
I feel that,bitcoin is better payment system,because The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies. Purchases Are Not Taxed.
Bitcoin is not the best payment tool, why I say that? because every time the transaction you have to pay a high transaction fee and for the process of receiving or sending it this transaction takes a long time. so, if you make it as a payment system it probably will not make all bitcoin users will agree...
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