Is bitcoin can be used as a method of payment online? - page 2.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: emberbekas on July 21, 2016, 08:07:35 AM

Certainly can. Many online merchants already use bitcoin as a payment and I am sure in the future there will be more merchants will accept bitcoin as a payment. Public confidence in the bitcoin is growing from day to day.

Not just some merchants, but even the 'bigs' are accepting bitcoins as payment now a days.
Notable mentions are Samsung and Microsoft. Steam as well, I believe it deserves a mention in this. Very sooner we are going to use the term "everywhere" for bitcoin as a method of payment online.

emberbekas

legendary

Activity: 1904

Merit: 1000

Certainly can. Many online merchants already use bitcoin as a payment and I am sure in the future there will be more merchants will accept bitcoin as a payment. Public confidence in the bitcoin is growing from day to day.

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: Ryananda on June 27, 2016, 03:11:31 AM

There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?

Most webhosting services accepts Bitcoin as a payment method simply due to its convenience and low fees. Even though volatility is a problem, most merchants can easily send the Bitcoins to exchange and exchange for fiat everyday to reduce/prevent loss. Most merchants I have seen uses Bitpay which offers merchants the ability to convert Bitcoin to fiat instantly when the customer pays.

bravehearth0319

hero member

Activity: 1022

Merit: 500

absolutely yes! there are some merchants here who accepted bitcoins as method of payment, some are restaurant which is located in civilized places, but only few merchants.

outatime1

sr. member

Activity: 364

Merit: 254

CryptoTalk.Org - Get Paid for every Post!

Some merchants accept bitcoin as payment online. I used bitcoin at Overstock.com but it's been a while so I don't know if they still accept it.

bapparabi

hero member

Activity: 826

Merit: 1000

Bitcoin is already used as a means of payment online. We can buy most of the thing with bitcoin now days. Even we can do mobile recharges with bitcoins which is our daily requirement and its use will only increase online in future.

The_prodigy

hero member

Activity: 924

Merit: 500

Yes, Bitcoin can be used nowadays as payment online. For example, when buying steam wallet, garena shells and even prepaid loads. And even some stores now area accepting bitcoins as mode of payment. Here in the Philippines, we have this kind of wallet that is very convenient. You can convert bitcoins into peso instantly, You can buy loads and game credits using bitcoins as payment. And it doesn't require bank account to be able to have your payout. Which is a good thing for us who don't have those requirements.

hermanhs09

hero member

Activity: 574

Merit: 500

Quote from: Decoded on July 08, 2016, 08:05:20 PM

It's already being done, but in a bad way. Take BitPay for example. They take your bitcoin and instantly sell it. That's not good. You want to keep your bitcoin unsold, so it's best to use a bitcoin supporting payment method.

Why do you think so?
You can convert btc into fiat very fast,and many online stores accept bitcoin payments,even when they ship wares to your house.
So what the hell are you talking about?

nejibens

hero member

Activity: 672

Merit: 500

Yes, bitcoin can be used as a method of payment online, and it's already used in more than marketplace online, it's a full currency just like, and even better, of the other currencies.

Mayuyu48

hero member

Activity: 644

Merit: 500

Quote from: Ryananda on June 27, 2016, 03:11:31 AM

There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?

That's the whole point, bitcoin can be used for online payments. When something is listed in btc for payment online, the btc price is dynamic, meaning it changes with respect to the change in btc price while the fiat value of the product remains the same.
So yeah, bitcoin definetly can be used for online payments and transactions.

sobsitesearch

sr. member

Activity: 406

Merit: 250

As of now more online shops accepting bitcoin as mode of payment and i think in near future all of online shops will already accept bitcoin because the popularity of bitcoin will be better in the future.

ausbit

legendary

Activity: 1330

Merit: 1019

Quote from: Decoded on July 08, 2016, 08:05:20 PM

It's already being done, but in a bad way. Take BitPay for example. They take your bitcoin and instantly sell it. That's not good. You want to keep your bitcoin unsold, so it's best to use a bitcoin supporting payment method.

How was it in a bad way? That's exactly how it is. Bitcoin's value is dependent in USD (or any other local currency) which is why it is first converted to that amount before you buy the goods.

Leonard2016

hero member

Activity: 1036

Merit: 520

bitcoin is being used as a method of online payment and it is in fact the best method of paying online. it is so good, there is nothing even close to it,even paypal and all those other payment processors can't compete with bitcoin.

Enotche

full member

Activity: 196

Merit: 100

I consider that Bitcoin actually been created for online payments for goods and services.Unfortunately not yet in stores everywhere online Bitcoin can be used, but it does not stand still, more and more stores are beginning to work with Bitcoin.

densuj

legendary

Activity: 910

Merit: 1000

Quote from: lightyard12 on July 08, 2016, 10:30:18 PM

Yes, personally, I see bitcoin as a payment system, while others may see it as an investment or even both.

Yes are right, but for today is not many people use bitcoin as payment method on Internet. Because it is new and The price is hight fluctuating need more time until every people use it as payment method for online shop.

Xester

hero member

Activity: 994

Merit: 544

Quote from: Ryananda on June 27, 2016, 03:11:31 AM

There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?

There is no need to worry there are sites who offers a freeze to your bitcoins value. In the Philippines we have the so called peso wallet wherein when you are given 1000 pesos worth if bitcoins even a year later it is still a 1000 pesos worth of bitcoins. That is a good feature of coins.ph, I just don't know if it is available in other countries.

lightyard12

member

Activity: 98

Merit: 10

Yes, personally, I see bitcoin as a payment system, while others may see it as an investment or even both.

SmartIphone

legendary

Activity: 1204

Merit: 1000

Quote from: Ryananda on June 27, 2016, 03:11:31 AM

There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?

Many popular websites do accept bitcoin as online payment method, for example fiverr accepts bitcoin (even though it take a small fee for processing the order), then we have seen newegg etc. Bitcoin has potential to be included also on popular websites like amazon and ebay but needs time and bitcoin network needs to be imporved.

Decoded

legendary

Activity: 1232

Merit: 1030

give me your cryptos

It's already being done, but in a bad way. Take BitPay for example. They take your bitcoin and instantly sell it. That's not good. You want to keep your bitcoin unsold, so it's best to use a bitcoin supporting payment method.

sulendra12

hero member

Activity: 2814

Merit: 526

Reward: 10M Shen (Approx. 5000 BNB) Bounty

Yes you can , you can used it for recharge your mobile phone , buy the clothes , electronic , and buy some digital goods.
And in the future bitcoin can be used for offline shop .

Topic: Is bitcoin can be used as a method of payment online? - page 2. (Read 4299 times)