Is bitcoin a better payment system? - page 3.

Xardasim

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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).

Currently we can not use Bitcoin as a payment, because it is impossible to set up a payment system with a price changing between 7000-10000 USD for 1 day. So, think about it, you go to the store with 0.01 Bitcoin, but at the end of the shopping money is not enough and the prices are changing. I mean, it's a little hard to do this now. When Bitcoin's price will be stable, then maybe it can be used.

Jackblack90909

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In my opinion, Bitcoin is better as an asset rather than payment system, or a currency. Currently very limited marketplaces online support BTC and also it is not supported as payment method offline in most countries around the world. Also the BTC transactions take time to get confirmed so it is not very effective to complete the daily fast payments.

Btcmarmipp2

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I think it will be the great payment system globally if every government adopt bitcoin. No need to exchange currency and hassle free if you step in the other country.

tyas pur

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Bitcoin is better for payment?
Are you sure?
I have another opinion about Bitcoin, Bitcoin is easy when executing payment transactions only one click all completed, but the transaction costs are quite expensive.
If in this case, developed again may be a better method of payment.
The risk level for payment is limited, cannot be made to make all payments. Currently Bitcoin is only used by a few companies so not all companies use Bitcoin as a means of payment.

Omosomofa

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Bitcoin is the best payment method ever seen. I love Bitcoin and I strong believe it will change the whole world soon. Bitcoin Less volatile than cash, Bitcoin has a global acceptance and is less volatile than cash / local currency. Due to this feature, it becomes easier to conduct transactions across boundaries and online. Ease of online shopping ,As we already know, Bitcoin can us do online shopping. It’s like an e-wallet which can be created blockchain technology to store, track and spend digital money. So many reason to believe that is the best payment method.

melinda29

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As a payment system, Bitcoin is still heavily flawed, and there are core issues that are stopping its growth in this direction. Bitcoin’s scalability is being hampered because it is too slow and expensive relative to more conventional payment processing platforms.

Paul karet

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the bitcoin payment system has many flaws and advantages. examples of technological methods used are better but require greater transaction costs

Tirdok

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I don't think bitcoin is the best payment system. I believe there are better payment systems

maximkretov

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Today we will note that money is a tool for the realization of one's goal. But electronic money is an improved model. But at the moment there is a new market — cryptocurrency. And this is not electronic money, but digital coins, which in turn can displace both Fiat and the electronic version.

wewe123

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🚀🚀 ATHERO.IO 🚀🚀

Yes ,I can say that bitcoin it is a better payment system in the internet, because it can be compare to debit card, but you do not have a card it is by simply key numbers to transact payments and other transactions, especially the establishment that will say ,we accept bitcoin payment.

KITTY 0108

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I think there is still a stuju and do not agree if bitcoin into a means of payment.

Stac

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Yes bitcoin is a better payment system than any other system as bitcoins makes the work easy of transacting all over the world by a simple click and no one have to think of going to the banks for transferring funds all over the world with minimal transaction charges, bitcoins gives a sense of financial freedom to all its users. Now a days many banks taking peoples money in the name of service charges and other additional charges for an account holder making it difficult for the bank users whereas with bitcoins there is no charges for holding your bitcoins in the users wallet.

Core.BUSTER

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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).

Most people might still misunderstood what bitcoin and block chain technology is. May be once they realize how far the cryptos are from the money scams, they will be delighted to have bitcoin as payment system. I can see that as more and more industries are accepting bitcoin as payment, more people will say it is the best currency and method of buying products and services through online transactions.

dmamigo

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Quote from: Melvin Narag on April 24, 2018, 02:50:48 PM

When it comes to speed of transaction speed yes, since you just have to click and click then the payment is over no need to travel to reach the counter, only process confirmation is needed after sending your coins as payment.

Considering the speed of the transaction, its not necessarily always good and on time. Better than Bitcoin you will find much better option if speed is the concern. But yes the speed depends on the fees, so yes you can alter the speed according to your needs when required. If I have option I prefer Litecoin and Dash. The price doesn't fluctuates with a great difference, so I am not affected much when fiat value of the coins dips. Atleast I get time to react.

Melvin Narag

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When it comes to speed of transaction speed yes, since you just have to click and click then the payment is over no need to travel to reach the counter, only process confirmation is needed after sending your coins as payment.

hsyncl

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Unfortunately, I do not think Bitcoin's approaches to using it as a means of payment anymore. Because BitCoin enters such a volatile position, it can cause great losses both by the buyer and the seller. I do not think people will shop with bitcoin on both sides. With the bitcoin you send while you are shopping, you can get two more in the same day for the minute, and the bitcoin you send to the opposite can correspond to the half of the value of that product. Maybe if the only currency in the future is bitcoin, then we can match the values of the products to bitcoin.

Sid3d

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Now there are a lot of projects that simply can change the established rules of the game, I think this will affect everything from entertainment to government. And yes bitcoin is a financial revolution.

Anakcikal

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Bitcoin is a cash system that conducts Investigations on the internet and digital currency systems Because Bitcoin's online payment system is clearly favored for several reasons such as exemption of transaction fees and risk freedom.

dancingnancy

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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).

Btc has eliminated having to deal with middlemen and third party sponsors which leads to not anonymity and security between traders also it's much more cheaper in the long run when traded rightly. Once more vendors start accepting btc or crypto as a payment system it will be a very good payment system.

Ascredo

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Hello! Im new here but im really interesting in bitcoin. I heard and i know that this is the fastes way for payments but im courious to know more details.

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