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).
for the payment system digitally yes .. but still have shortcomings and advantages. and for payment system is certainly not the best. 
Topic: Is bitcoin a better payment system? - page 6. (Read 2021 times)
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).
Being trustless is nice, but how would I go about buying an online item if I can't trust that it won't arrive broken and that I can never get my money back? So then there will always have to be employees from whatever website to be able to handle claims and escrow reliably...which means if they go against you, you don't really have an option to go to a bank to get your money back (not that a bank is even helpful with that either).See, you have mainly two options there, and as you said, banks already dont help much. If I were you, I would go with the more secure option, which is definitely bitcoin. Interceptions are impossible, and money is non reversible, and people can really thus veer away from deals at the last minute, once its done its done, and if both parties donot consent, it cannot be undone. Also, transactions are anonymous, faster and less transaction fees are required, atleast if you're not in a huge hurry to transact, where it becomes a problem sometimes, but the Lightning network is said to be able to overcome it.
Is is already as widely and easily usable as the traditional fiat that we use today? No. But will it be soon? Definitely Yes! Just think, paper currency has been around for hundreds of years, and even before that people used to barter, exchange stuff. This concept of cryptocurrency has just been up for 9 years, and its already a huge craze. So definitely it will catch up with fiat in the foreseeable future.
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).
Yeah bitcoin is a good mode of payment because of the anonymity it gives on every transaction, being untraceable do gives both advantage and disadvantage taken by the users. Unlike using the fiat currency, its safer because you will pay personally. What i hate when bitcoin becomes the main mode of payment is its volatility, when the price is low you cannot just buy anything you want.
Since Bitcoin is an online technology, it's a great way to lure in that field. Bitcoin can be used to lend anywhere anytime. Bitcoin is one of the main reasons to make love.
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).
Yes it will happen! Bitcoin will change the payment system. Many people are now starting to adapt digital currencies. I am really sure that the bitcoin will become our future money.
I think it is the best payment system if you compare it to real money, it is far more way safer than cash when it comes on transactions or other stuff
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).
Better in cash? Yes! Bitcoin got a better payment than cash. No hassle and long wait or queue to pay bills. Bitcoin is easy to use. I'm not talking the current situation but soon in the near future maybe they develop an offline wallet than can be a way of payment. It is more applicable in long distance transaction.For now cash literally is very useful but in terms of transaction payment through online Bitcoin is a good one to use rather than cash. Aside from that Bitcoin can be convert in currency of the country using online.
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).
Actually, bitcoin is the best payment system for online transactions, because it is less cost and effort. Most of all crypto payment is the fastest way of payment. I guess bitcoin will continue to improve like the evolution of technologies with the internet.
yes bitcoin is safer then other because bitcoin is working on decentralize system
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).
Better in cash? Yes! Bitcoin got a better payment than cash. No hassle and long wait or queue to pay bills. Bitcoin is easy to use. I'm not talking the current situation but soon in the near future maybe they develop an offline wallet than can be a way of payment. It is more applicable in long distance transaction.For now cash literally is very useful but in terms of transaction payment through online Bitcoin is a good one to use rather than cash. Aside from that Bitcoin can be convert in currency of the country using online.
Better then real money? Of course yes.But the best in all cryptocurrency ? No.I think that better payment system is eth.
No i don't think so there are some altcoins out there that cheaper and faster than etherum but if you say etherum is better than bitcoin i might agree with you.A good payment system should be faster and cheaper unfortunately you can't find those things on bitcoin. The highest fee and low confirmation are serious problems right now and this should be addressed immediately however if we compare bitcoin to other payment systems like PayPal or WU bitcoin is still the best.
Unlike traditional payment system services, Bitcoin is incredibly well. It is because it will process faster and transaction fees are cheaper. Being Bitcoin holders, payments can be made in the top of your fingertips.
Bitcoin is a good way to pay especially when your transaction is lost if you do not have to go abroad to give them the money you will be paying bitcoin because it's easy to send money there and it's too fast not to worry about waiting of the day to receive their payment
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 really, but its a part of it is yes because bitcoin is really a trusted site The transaction is really fast which can help to every people because less hassle for m to go anywhere. Bitcoin can help every people to have a normal life and stressed free.
It is easy to buy and sell bitcoin.
But as far as the payment option is concerned, it does not seem so effective, more efforts are needed.
Even then, large amounts of transactions can be done by bitcoine and are being done.
But as far as the payment option is concerned, it does not seem so effective, more efforts are needed.
Even then, large amounts of transactions can be done by bitcoine and are being done.
I think that's a bad idea. although Bitcoin is easy to use and easy to buy, sometimes for bitcoin payment transaction takes a lot of time to receive or send transactions at high cost, even if bitcoin develops and improves its current system, some countries will ban it and not all will agree. if making the payment system. only clear loss for bitcoin
I think bitcoin is the best cryptocurrency. It can be the first payment method online in the future, it is making payments and trades easier and simpler for people around the world.
Undoubtedly, it is the best payment method as it is quite secure and easier one to make transactions and better than those of the traditional payment method as transactions are totally done online and from anywhere in the world. And with the technological advancements, this method is under the process of development and is becoming even more convenient to use...
bitcoin transaction has advantages and disadvantages. for example, sometimes bitcoin transaction takes a lot of time even for a high fee, that obvious disadvantage for bitcoin, but it is still can be developed. for me, i really enjoy use bitcoin because i think bitcoin is easy to use it, especially for international transaction.
More than six months ago, companies were scrambling to integrate Bitcoin into their billing systems. However, with significant growth in the cryptocurrency ecosystem, now things have changed. Bitcoin is no longer considered a payment option and is constantly being rejected by companies.
Currently, some banking countries have refused to accept bitcoin payments like China, Vietnam ...
Currently, some banking countries have refused to accept bitcoin payments like China, Vietnam ...
I believe that it is too early to approve bitcoin as the best payment system, as few people use it as a means of payment. But in the future the situation may change
I agree that Bitcoin can be an alternative payment system, because not everyone can access payment through Bitcoin. When time come that we're having a cashless world then that's the time that Bitcoin is a better payment system.
For bitcoin to compete as a payment system, it has to offer the same benefits that Visa does: rapid transfers of funds, immense scale, protection against theft , and the ability to dispute charges, all at a reasonably low transaction fee. Otherwise, it has to be better at something than Visa is. The only area where it can really be said to better than a credit card lies in the privacy.
I believe that it is too early to approve bitcoin as the best payment system, as few people use it as a means of payment. But in the future the situation may change
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