Is bitcoin a better payment system? - page 20.

narkiss

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WORLD 1ST REVERSE MERCHANT PROCESSOR

Quote from: Ronaldo Vu on April 19, 2018, 09:56:13 AM

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).

Bitcoin has got a number of advantages over conceptional systems like cash. For instance, it is easy to carry huge amount in form of bitcoins and no bank is involved.

koralan

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Well this is absolutely correct, they are created for the purpose of payment service. Bitcoin is fast and cost-effective, reducing dependence on third parties. We can take the initiative to forward it at any time.

Cuman86

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if in my opinion probably not because there are still many obstacles, one of them not all countries receive payment transakai transactions using virtual currency one bitcoin this.

CarylnBoy

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Bitcoin is the best digital currency that you have no doubt, as it has proven its worth at the moment, There is bitcoin as the better payment system, it is advantageous to use, and Bitcoin has the potential to become the most useful billing system, although bitcoin is currently having difficulty in the transaction process, I hope in the future bitcoin will have faster transaction speed.

gesdan

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for digital payment that i used bitcoin is not the best in payment system, why? because the other platform using NFC as their ID to send the money and receive it, in bitcoin there are still using QR code that in the QR there are address of the receiver, so the method to send in bitcoin still not better than the other platform

vergel24official

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Ok, but what if that restaurant gets to the point of making most of its income in Bitcoin? He still needs to pay everyone and replenish the restaurant's provisions. Will his employees/providers accept Bitcoin?

Jamesbob16

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Not yet but Bitcoin has a chance to be the most useful Payment system. For now, No. Bitcoin needs to improve many things, Bitcoin is the best digital currency no doubt, but you can't make a payment in global platforms like Amazon, Ali express, and others. Every crypto holders see a dream that one day we will pay to Amazon or other e-commerce sites by Bitcoin, but that dream is just dream for now. though I hope for the best

ajoygb

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Bitcoin a better payment especially if you are in hurry no time to go to the bank and it is secured compare to money bills payment. Where ever you are you can pay as long as you are connected with internet as a click and you are done.

Masongrae

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Yes bitcoin is better payment system, it is convinient to use, for it is fast, easy and effecient trasaction, and there are a lot more benefits of it that every user a satisfaction.

imstillthebest

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Quote from: Tapyaks72 on April 20, 2018, 08:11:39 AM

Quote from: Juggy777 on April 20, 2018, 07:09:07 AM

I think it's the best payment system ever made, asks us no personal details, doesn't send us annoying emails and marketing waste. 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.

Yeah agree on you that mate payment with out hassle is the best thing when you're payment it should be systematic and only technology that can do that is the Blockchain technology and bitcoin itself.

bitcoin isnt the best payment system because it has many known issues such as slow transfer , high cost fees , lack of anonymity. you know mate , there were alot of cryptos out there that is much better than bitcoin in terms of payment purposes. Few examples could be etherium , litecoin , dash , bitcoincash , etc . These coins are known to be the best when it it comes to payment purposes because they are fast and has a reasonably lower fees as oppose to bitcoin.

Camorra Dev

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I’m an ordinary person, and I need to buy food, pay the bills and get other necessities. I can’t do that having only bitcoin in my pocket. Small number of people use bitcoin and it’s appreciated only by freaks.

Tapyaks72

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Quote from: Juggy777 on April 20, 2018, 07:09:07 AM

I think it's the best payment system ever made, asks us no personal details, doesn't send us annoying emails and marketing waste. 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.

Yeah agree on you that mate payment with out hassle is the best thing when you're payment it should be systematic and only technology that can do that is the Blockchain technology and bitcoin itself.

tikaka

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Yes, of course, bitcoin will be a good paying system in the future. Bitcoin will be a good payment method in business transactions, online shopping or internet payments. But bitcoin is currently experiencing difficulty in the transaction process. I think in the future the fee issue will be more stable and more appropriate, faster transaction speed.

Doge dealer

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its at this point definitely a better payment system as it allows you to receive and send payments all over the world without having to deal with these bureaucratic financial institutions so even a regular individual is able to do cross border transactions instantaneous without having to wait a number of hours or days in some cases to confirm receipt of funds.plus your transaction is fairly anonymous if privacy is what you seek

MZMARY

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Bitcoin is the best crypto currency, the bitcoin payment property is very expensive for making a transaction, which is a big disadvantage, you need to unload the bitcoin network and review the payment transaction

Bitcoinnumberone

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Quote from: Veterock on April 19, 2018, 11:36:13 AM

Bitcoin is the best payment system? Of course not! With such a low transaction processing speed, this can not be.

Well,this is possible. Bitcoin offers a faster transaction mode. This could be a possible payment system. There are a lot of ways to enjoy bitcoin that's why there are also a lot of possibilities that bitcoin can offer.

Elkafi

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Quote from: Ronaldo Vu on April 19, 2018, 09:56:13 AM

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 think bitcoin is better than real money, there is many advantages of bitcoin. it is easy and secure. bitcoin is crypto currency for future currency.

Coleth

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Since it is faster phase of mode of transaction because it is digital, it is indeed more convenient to to have bitcoin. We can do transactions anytime anywhere while going out and falling in lines.

akiho yoshizawa

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Quote from: olumyd on April 20, 2018, 07:50:14 AM

Bitcoin is still much far away from being a perfect system, especially as a payment system. There still some issues to be cleared before mainstream adoption can kick in. However, with the numerous utility and guise tokens in cryptocurrency ecosystem, it would be hard for it to be uno.

what causes you to say bitcoin is still far from perfect word? is it because of its fluctuating value, or because the bitcoin has no physical form? bitcoin is prepared for the future, and the absence of physical form makes bitcoin more economical than conventional currency, so I think bitcoin is the right currency for the future wherein later in the world already using digital technology

Tactical Genius

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If we look at it as a payment system yes it is a better payment system than fiat especially crossborder like you mentioned but scalability is needed to make it very better too like you added because we have seen times when the network becomes so congested to the extent that it takes sometimes as long as a day for confirmation of transactions to occur across the network.Such problems have to be solved before it can become the best if not the most perfect payment system.

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