Nope, Bitcoin doesn't have most of those, for now the value of the items is calculated in USD and paid in BTC, I'm contributing to making a bigger marketplace for BTC, look below.
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Web Development and Web Hosting for Cryptocurrency. PM me or click the link.
My account was hacked, look here.
Topic: What to make bitcoin a popular payment method? (Read 2787 times)
what makes bitcoin popular for the payment method is that it is easy to use and transparent and can be used anywhere and anytime, but now that makes bitcoin popular because it is expensive and suitable for investment.
I'm sure, the thing that made Bitcoin famous, and popular in the past year is that the price has risen so fast. well, anyone will be surprised to see something like that. besides, bitcoin is also a favorite transaction tool on the internet. due to many factors, bitcoin is a popular payment.Naturally, its popularity is so great thanks to the last year jump of BTC. Although it is cheap now, better hold Bitcoin. The experts are sure that in 2019-2020 its price will grow tremendously. It can be also used more often for payments.
This is new information that I see that in 2019 to 2020 there will be a high price of Bitcoin to generate profits. Everyone has the opportunity to choose this and think positively in the future.
If Bitcoin price becomes stable, then everyone will be utilizing it without worries.
Hopefully everyone's hopes for next year will come true because in a few days 2018 will end but there is no picture seeing prices going back up. This makes a big doubt for beginners who start investing.
I am also waiting for bitcoin to become a popular payment method. I think it's quite possible in the near future. Bitcoin needs to cope with some problems and it can achieve this.
what makes bitcoin popular for the payment method is that it is easy to use and transparent and can be used anywhere and anytime, but now that makes bitcoin popular because it is expensive and suitable for investment.
I'm sure, the thing that made Bitcoin famous, and popular in the past year is that the price has risen so fast. well, anyone will be surprised to see something like that. besides, bitcoin is also a favorite transaction tool on the internet. due to many factors, bitcoin is a popular payment.Naturally, its popularity is so great thanks to the last year jump of BTC. Although it is cheap now, better hold Bitcoin. The experts are sure that in 2019-2020 its price will grow tremendously. It can be also used more often for payments.
This is new information that I see that in 2019 to 2020 there will be a high price of Bitcoin to generate profits. Everyone has the opportunity to choose this and think positively in the future.
Bitcoin is not fully fulfilling the currency aspect of its nature because there has been a paradigm shift from the currency aspect to investment aspect. People prefer to hold their Bitcoin now to using it as a form of currency to make payment of daily basis. In order to make Bitcoin more popular and increase its patronage, the currency aspect must be the main focus which will expose its existence and the true beneficial concept of it to the public.
For something that can become a popular means of payment, you need the following:
Store of value: allowing individuals to make intemporal choices on when to spend their purchasing power
Medium of exchange: facilitating the exchange of goods and services by eliminating the inefficiencies associated with a barter economy
Unit of account: acting as a measure of value in the economic system.
Do you think the bitcoin has all three of these elements? I am looking forward to the bitcoin will become a popular payment method in the future.
If we want make bitcoin more popular as medium of exchange, we need government regulation. I think, The problem with bitcoin right now is many people have negative thinking about bitcoin and they think bitcoin is a ponzi scheme
In our country,bitcoin is use as payment method in some private establishment.Easy and risk free .No further questions in every transactions.
what makes bitcoin popular for the payment method is that it is easy to use and transparent and can be used anywhere and anytime, but now that makes bitcoin popular because it is expensive and suitable for investment.
I'm sure, the thing that made Bitcoin famous, and popular in the past year is that the price has risen so fast. well, anyone will be surprised to see something like that. besides, bitcoin is also a favorite transaction tool on the internet. due to many factors, bitcoin is a popular payment.Naturally, its popularity is so great thanks to the last year jump of BTC. Although it is cheap now, better hold Bitcoin. The experts are sure that in 2019-2020 its price will grow tremendously. It can be also used more often for payments.
This is new information that I see that in 2019 to 2020 there will be a high price of Bitcoin to generate profits. Everyone has the opportunity to choose this and think positively in the future.
If Bitcoin price becomes stable, then everyone will be utilizing it without worries.
what makes bitcoin popular for the payment method is that it is easy to use and transparent and can be used anywhere and anytime, but now that makes bitcoin popular because it is expensive and suitable for investment.
I'm sure, the thing that made Bitcoin famous, and popular in the past year is that the price has risen so fast. well, anyone will be surprised to see something like that. besides, bitcoin is also a favorite transaction tool on the internet. due to many factors, bitcoin is a popular payment.Naturally, its popularity is so great thanks to the last year jump of BTC. Although it is cheap now, better hold Bitcoin. The experts are sure that in 2019-2020 its price will grow tremendously. It can be also used more often for payments.
what makes bitcoin popular for the payment method is that it is easy to use and transparent and can be used anywhere and anytime, but now that makes bitcoin popular because it is expensive and suitable for investment.
I'm sure, the thing that made Bitcoin famous, and popular in the past year is that the price has risen so fast. well, anyone will be surprised to see something like that. besides, bitcoin is also a favorite transaction tool on the internet. due to many factors, bitcoin is a popular payment.
Lack of regularity is something that is preventing it from becoming a popular payment method. As far as the regularity goes, it is usually a bad thing and it is something that cryptos were running away from since the beginning, but the regularity also brings some kind of assurance to the masses and to mass acceptance of the coin. Also, volatility has to be controlled and some how restrained as much as possible for it to become popular as a payment method.
I think you just need to use bitcoin as often as possible, not just store it as an investment. And then more and more people will recognize it and also use it as a currency, spreading this trend around the world.
For something that can become a popular means of payment, you need the following:
Store of value: allowing individuals to make intemporal choices on when to spend their purchasing power
Medium of exchange: facilitating the exchange of goods and services by eliminating the inefficiencies associated with a barter economy
Unit of account: acting as a measure of value in the economic system.
Do you think the bitcoin has all three of these elements? I am looking forward to the bitcoin will become a popular payment method in the future.
By paying with bitcoin, we have many advantages. As Bitcoin is an independent system. Which we can pay for help without any bank or government system. And we do not have to pay any additional charge due to payment by Bitcoin. Which we benefit.
Bitcoin should become more stable in order to be a popular method of payment. Technically, crypto-currencies are not money, but information blocks. Their value isn`t tied to any economy of the world, and the trade and support of digital cash is carried out constantly and doesn`t depend on standard world trading sessions. Such independence has advantages, but this also frightens, since the price of bitcoin remains unpredictable.
I agree to that statement of yours. Bitcoin need to be stable first in order for it to be use in payment system. Also, if all the governments will allow and accept the bitcoin as a currency and if the businesses embrace the digital currency. But as of now, I think it is impossible because not all the people are knowledgeable enough about it.
I really believe Bitcoin has this and so many more still needed. But I believe a essential aspect that can swiftly make Bitcoin a favorite repayment method is if the ruling/federal physiques can control and become responsible for it in a way that they make guidelines and modalities that others follow similar to the fiat system, then Bitcoin will surely be considered a popular approach to payment.
Each country has its own rules, and if bitcoin meets the requirements of a country, then bitcoin is worthy of currency, this has happened in some countries, call it russia and nigeria.
I agree. This is really about the government, the rules and regulations they have implemented which will serve as a law that the uers will used. It might not be mandatory but if people see the real essence of it, they might agree using it. And with this this will be a popular currency.
Some reasons:
Easy to use on internet environment
Secure transactions and actually peer transactions
Advantages for automated payment systems!
And many other reasons. ,,,
there are many reasons that make bitcoin far better than other payment methods, and that reason is what you mentioned and what is even more special is an anonymous payment, you can make certain payments with your undercover identity, that makes bitcoin more special Easy to use on internet environment
Secure transactions and actually peer transactions
Advantages for automated payment systems!
And many other reasons. ,,,
Some reasons:
Easy to use on internet environment
Secure transactions and actually peer transactions
Advantages for automated payment systems!
And many other reasons. ,,,
Easy to use on internet environment
Secure transactions and actually peer transactions
Advantages for automated payment systems!
And many other reasons. ,,,
I think bitcoin has more elements than the three elements you talk about like transparency, quick and convenient transaction. And in the near future, electronic payment methods will be widely used in countries around the world.
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