Topic: Is bitcoin a better payment system? - page 5. (Read 2037 times)

yes i think bitcoin better payment system ,i feal fres when i pay any payment with btc , its so easy also without pain

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.

seeing that bitcoin has disadvantages that is low transaction process and high transaction fee .  I guess it wouldn't become a great payment.
if it is meant to be the best payment, it should be cheaper and faster.

Agree with you. For now there is still homework for bitcoin to be used worldwide. But still it is better than most banking payment method and a lot cheaper too. As long as there is local exchange in both location. Ethereum is now a better payment method than bitcoin, a lot faster and a lot cheaper too!

Yes, bitcoin is a better payment transactions,  It will minimize the time, effort and transaction fees than doing transaction in the bank.

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.

I agree that bitcoin is the better payment system . You can already send money without going to a bank or travelling in able to send it. All you need is an internet connection & of course bitcoin and it was just a click away then your money is already in someone or even to your loved ones . You can even transfer funds internationally. With bitcoin im able to interact with other people all over the world. Although there are times that bitcoin network is congested that makes its each transaction sIow and high transaction fees. But still its the best payment system for me.

I do not think that in the future bitcoin will be used as a payment system, rather it will be a reserve world currency. The blockchain of the bitcoin  is too congested and can not provide transactions quickly.

Most of the people say it is not because of "high fees, long transaction confirmation times", but thats outdated news, Bitcoin still has a higher fee than it had a few years ago, bit the transactions aren't very slow right now. The only problem right now is adoption, more stores and sites need to accept Bitcoin, and then it will be perfect.

Bitcoin is a good payment system in every transaction you wamt to do. When we use Bitcoin as payment it make our live easier and we can avoid charges and hassle free. Nothing happened to  experienced some trouble when it comes to payment system. Bitcoin is so easy and helpful.

When you transfer money from one bank to another, banks will keep a few days to confirm the correct information. Similarly, international transfers will take a long time. But for bitcoin trading it is very fast.Payment system will be better.

Before BitCoin became a popular trend, the following events occurred. People who saw all the risks to which all money and values ​​are exposed, tried to develop a new type of currency, protected from the main threats. We started working on this in 1998.

In 2008, the creator of BitCoin himself described his offspring by sending letters to his subscribers. It turned out to be a crypto currency, not regulated by anyone absolutely, no individuals and banks. Previously, a book was written about such a currency, but at the time of its writing this currency remained just a dream. Now the dream of an unregulated crypto currency has come true!

And in 2009 the first small amount of the new currency was generated by the application, 50 bitcoins. At that time, the cost of the crypto currency was 700-1600 bitcoins to 1 dollar. Today, the cost of 1 bitcoin (one coin) is from 200 to 1000 dollars! In the same year, it was possible to transfer bitcoins to one user by another.

Today, the crypto currency - the electronic currency BitCoin, digital money of a new generation - is widespread in all countries of North America, practically in all countries of Europe. BitCoin users are people from different countries and continents - the popularity of the crypto currency is not only not falling, but has been growing for a long time already!

For now it can be said to be better with all transactions done by the internet network. A great start to getting better

Yes,it is better payment system.It is easy for sending and receiving money across the overseas.If every country makes bitcoin as legal then the bitcoin payment system will more better than all payment system but it is difficult that every government will not make bitcoin as legal.Hope in future every government will make bitcoin as legal.

But still bitcoin is a better payment system.

Yes it is the best part system since a lot of people and markets accepting it as a means of payment. I am hoping that in spite of this they can still secured bitcoin and as much as possible bitcoin shouldn't involve in different crimes so that there would be no reason to banned it.

If bitcoin would have a cheaper and faster transaction fees, then it could be possible.

As of now credit card companies still offer low cost transactions with immediate confirmations.

For me, as of now bitcoin only offers convinience of not going through bank transactions for online purchases.

When you need to make transactions from another bank to your bank. Banks will have to perform many steps to verify, it takes time to transfer money to the recipient. As international money transfers, too, it will take a relatively long time to complete the transaction. However, with bitcoin, no transaction through any intermediary financial intermediary, minimizing many steps. If transactions are confirmed by bitcoin blockchain, it may take 10 minutes to confirm, but that is still faster than through the bank.

I would say it's already best payment system in some aspects. $99 million worth of litecoin was sent in a single trade on Thursday and it cost only $0.40 in fees.

It takes time for bitcoin to be accepted by the people, for it to be recognized and then, without a doubt, bitcoin will take its place in the system. Of course over time it can become the best payment system, but it still needs to grow.

For me it is a better form of payment system since it can be kept and even sent to somebody far from you like when you are working away from your hometown and your loved ones badly needed the money on time.