What to make bitcoin a popular payment method? - page 11.

buwad suka sili

newbie

Activity: 26

Merit: 0

Quote from: daoquanghuan on July 12, 2018, 02:13:44 AM

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.

I am new to a crypto world but I heard already that term of payments but it's altcoin and not bitcoin . but maybe in other part of the world where bitcoin is very popular and btc will be accepted as payments .

faith400

newbie

Activity: 125

Merit: 0

Is because Bitcoin offers some advantages over other payment methods for you and your customers. The transaction fees are much lower than they are with credit cards, typically only a few cents for each purchase, and those transactions process very quickly because there is no financial institution acting as a middleman.

Blondy12

full member

Activity: 364

Merit: 100

Quote from: Direwolve735 on July 12, 2018, 02:57:51 AM

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.

Absolutely right and very well said mate. It will not become a popular method of payment if the value is volatile and it will be hard for the users to use as payments if the prices changes from time to time. As of the moment, bitcoin is ideal for investment only not unless the stability of the value changes in time then users can use it with ease by then.

YNAGS Team

member

Activity: 220

Merit: 10

Quote from: daoquanghuan on July 12, 2018, 02:13:44 AM

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.

To some extent, everything is a means of saving. Bitcoin, definitely, well copes with the transfer of value over a distance. But with respect to other assets, bitcoin poorly saves the cost over time. Bitcoin has one big problem of volatility.

MiaBolton

newbie

Activity: 1

Merit: 0

Each country has its own rules, and if bitcoin meets the requirements of a country

TimesVeronica

newbie

Activity: 73

Merit: 0

Asking those online stores to accept bitcoin then bitcoin will be popular. High bitcoin will be predicted to be one of the most popular payment methods. Because using bitcoin is more efficient than other electronic money.

millgates

sr. member

Activity: 714

Merit: 250

It's so simple, nowadays online shopping is very popular, people are very often buy various goods through internet, ask those online shop to accept bitcoin then bitcoin will be popular. If bitcoin is only used in exchanges site then people who attracted are only speculative investors.

suzanogbomo

newbie

Activity: 154

Merit: 0

Much of these hurdles will eventually be removed as time progresses. what will drive bitcoin popularity the most will be government laws identifying it as a means of payment.

RondoAnyar

full member

Activity: 651

Merit: 101

$CYBERCASH METAVERSE

bitcoins with high value will be predicted to be one of the most popular payment methods. now bitcoin has been received in many countries for payment there are many restaurants, tourist attractions and automotive stores that have received payment. because using bitcoin is more efficient than other cryptocurrency.

thomaseco

newbie

Activity: 294

Merit: 0

It has already become popular to many countries. In different companies the compensation of the employees are given by bitcoin. I hope this will inspire others to do the same.

creeps

full member

Activity: 742

Merit: 144

Quote from: Goodday on July 19, 2018, 01:05:00 PM

because I think the bitcoin to pay and receive payments is easy and accessible to everyone who definitely benefits from bitcoin payments because it saves time, money sparingly, safely, simply, and faster.

Maybe yes, but since a lot of good altcoins now I think this is not the only reason why people still choose bitcoin. Maybe its more on the value of bitcoin that makes this technology especial, and bitcoin continues to grow and able to sustain its level on top so I believe bitcoin is always the first choice.

Sharon Borgess

newbie

Activity: 57

Merit: 0

Bitcoin is getting better and better. I believe that with the strong development of Bitcoin, Bitcoin will soon have enough of these three elements and become a popular payment method. One thing that helps us reinforce that confidence is that governments are gradually adopting Bitcoin

anggada18

full member

Activity: 532

Merit: 101

points are right, on the other hand the price and popularity of bitcoin so the payment method occurs. many users who spread the world with bitcoin payment methods greatly facilitate the users in the world. in the future will continue to grow better than today

Ava Duvall

jr. member

Activity: 154

Merit: 1

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.

abiding by the rules and spreading crypto knowledge more countries will accept it more, then it will become a popular payment method. but like you said other countries don't really want to accept cryptocurrencies

victoryana

newbie

Activity: 154

Merit: 0

Bitcoin has become a popular payment method because it is accepted by many people as well as by many users. Their transactions can be further developed when the governments of the countries allow them and they can have different rates. than

Amy Halll

newbie

Activity: 56

Merit: 0

Only if the price of Bitcoin is stable is enough to say these three factors. This is very difficult. So Bitcoin is less likely to become a popular payment method in the future

Goodday

full member

Activity: 448

Merit: 100

because I think the bitcoin to pay and receive payments is easy and accessible to everyone who definitely benefits from bitcoin payments because it saves time, money sparingly, safely, simply, and faster.

AnCapFree

member

Activity: 154

Merit: 10

I think the big reason is the trust. Bitcoin is the first coin and the biggest coin in the world. So,the people will use which they believe for transaction

angelramirez24

newbie

Activity: 54

Merit: 0

Yes bitcoin has all these characteristics but the problem is that there are limited places where we can actually use them as payment. More companies should accept this as payment for it to be more popular and for others to see its usability and advantages.

maculeth

member

Activity: 714

Merit: 11

BountyMarketCap

the most effective is, how to make bitcoin can be one method to pay at one of the online shopping sites. then people will consider using bitcoin as a method of payment.

Topic: What to make bitcoin a popular payment method? - page 11. (Read 2787 times)