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Topic: Is bitcoin a better payment system? - page 10. (Read 2021 times)

member
Activity: 163
Merit: 10
April 23, 2018, 05:35:24 PM
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).
Definitely Yes, bitcoin has a better payment system. How? In just one click you can pay your bill, it is less hassle, faster and easier transactions, and also you can secure yourself although it is online.
full member
Activity: 465
Merit: 100
April 23, 2018, 05:27:48 PM
 Instead of being in the dark what's happening to our payments it lets us see live that our payments been made or is in the process. It's irreversible and that's a safety. It cuts down on the fees that greedy bankers charge us.
sr. member
Activity: 1512
Merit: 326
April 23, 2018, 04:58:24 PM
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).


What I like about this blockchain system is the ease of transaction and transaction transparency. so for financial transparency I think this blockchain system is very good. maybe if there is a financial institution that governs it will be better. but must be without fee for the agency. because the bitcoin itself is free of financial rules.
legendary
Activity: 2534
Merit: 1338
April 23, 2018, 04:25:13 PM
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).
Right now bitcoin is not the best payment system, but the good news is that it has a great potential, the only problem is that even if the lightning network is finally released we are still going to lack one of the most important factors when it comes to payment systems, and that is adoption, we need that people begin to use Bitcoin as a form of payment.
member
Activity: 182
Merit: 10
April 23, 2018, 03:45:58 PM
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).
Not today because most of the people doesnt know anything abut the blockchain technology,which is why the progress of expanding the cryptocurrencies is going to be slowed,bitcoin would be much better if the lightning network or the LN network is ever going to be implemented,i do believe that it can revolutionize the fiat system decades from now.
sr. member
Activity: 623
Merit: 251
April 23, 2018, 03:32:17 PM
However now bitcoin is not the best payment system for buying things because bitcoin hasn't been accepted widely in society. I guess if bitcoin is accepted all around the world,  it could be the best payment system for any transactions.
member
Activity: 322
Merit: 10
April 23, 2018, 03:32:07 PM
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.
No I am not agree with you mate, bitcoin is the fastest way for payment and a lot of transaction are being conformed within minutes now no more wait for days and weeks for conformation, as this is the reason bitcoin is legal payment system in Japan, as Japan is well developed country and they use bitcoin payment system, I want to the same cashless and bitcoin payment society in my country, hope my dream will come true very soon.
newbie
Activity: 37
Merit: 0
April 23, 2018, 12:52:05 PM
Yes. Bitcoin is better payments systems. U can transfers ur currency (Bitcoin) any were from your drowning room🙂🙂. It's save. It's best currency in the world. It save our time. Soo Bitcoin is better payment system to others...
newbie
Activity: 25
Merit: 0
April 23, 2018, 12:38:59 PM
Yes,Bitcoin is a better payment system. Bitcoin is a digital currency. Bitcoin can be used in all over the world. Bitcoin is so easy and helpful. Bitcoin is more safe from money.
sr. member
Activity: 812
Merit: 260
April 23, 2018, 12:20:38 PM
For me and based on what I experienced,  yes the company of bitcoin is a better way interms of payment  process sysltem, 
because it makes the whole process more convenient and time saver. Through this there will be no hassle and time consuming in all transaction.
One of the things that bitcoin purpose is to make a better payment system which in fact a big help for all of us that is why a lot of companies are adapting it and using it as a way to transact payments, but, due to the demand is increasing people sees this as an opportunity to gain more by holding it.
member
Activity: 364
Merit: 11
April 23, 2018, 12:09:07 PM
For me and based on what I experienced,  yes the company of bitcoin is a better way interms of payment  process sysltem, 
because it makes the whole process more convenient and time saver. Through this there will be no hassle and time consuming in all transaction.
newbie
Activity: 112
Merit: 0
April 23, 2018, 10:24:34 AM
It depends.  To date it may not be a better payment system but once government policies step in and guidelines are framed it can surely become a better payment system.
jr. member
Activity: 179
Merit: 1
April 23, 2018, 05:00:37 AM
I think this is a good payment system. This system is very happy at this system a lot. All those who work on the deliberation use their Segwit wallets to reduce the risk of hacking. And this wallet comes to everyone's coin.All ready Bitcoin is the best payment system. 
newbie
Activity: 154
Merit: 0
April 22, 2018, 02:38:10 PM
There are many benefits accepting
Bitcoin as payment if you are a merchant. First is that the processing fees are paid by the sender, and the merchant pays nothing to receive funds. These fees are considerably lower than traditional payment networks.
newbie
Activity: 70
Merit: 0
April 22, 2018, 02:34:15 PM
Bitcoin offers many advantages over traditional banks. It allows sending payments internationally without concern for currency conversion, it allows transaction confirmation within 10 minutes typically, and transactions cannot be reversed once made. This side can be seen as a positive or negative.
newbie
Activity: 85
Merit: 0
April 22, 2018, 02:31:25 PM
There are many benefits to using Bitcoin as a payment system. This article will discuss the advantages for buyers and merchants to using Bitcoin as a payment system, and it will also discuss escrow services, the future of Bitcoin in commerce , potential drawbacks, and a summary on the benefits.
newbie
Activity: 126
Merit: 0
April 22, 2018, 01:36:45 PM
I strongly agree about the better payment system. Bitcoin got a fast transaction when it comes in paying bills and also sending. bitcoin is a good investment and also decentralized.

I think it's one of the best currencies and it stores value because it's an anonymous, decentralized, and therefore does not require any KYC at all.
Obviously one of the worst payment systems
sr. member
Activity: 882
Merit: 268
April 22, 2018, 01:33:20 PM
to cut all transaction fee paths from one place to another, bitcoin becomes the most promising transaction, but because there are still problems in the imperfect blocksize it will lead to a lot of chaos in which if the volume explodes drastically, then all will gather in mempool and make swelling on transaction fees. I think bitcoin has not reached peak performance and still needs to be constantly focused in continuous improvement.
full member
Activity: 364
Merit: 101
April 22, 2018, 01:23:38 PM
At the moment, the most convenient way to buy a crypto currency is using a bank card. Yes, the account can also be used, but it can take several days to work with it until the funds are credited to the user's account on one of the crypto-exchanges. The sense of conducting fast operations, designed to buy / sell crypto currency, is simply lost. Therefore, most users continue to work with plastic cards, not bills.
full member
Activity: 280
Merit: 100
April 22, 2018, 01:16:56 PM
Bitcoin payment system is self-sufficient, it allows to make payments and converting on an equal basis with bank accounts. Owners Bitcoin wallets every day more and more. But if payments and the storage of currency can be carried out without outside assistance, then for the exchange to another currency or for withdrawal use the services of specialized services.
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