When will more retailers accept Bitcoin - page 17.

Harlot

hero member

Activity: 1806

Merit: 671

Quote from: jvdp on October 16, 2017, 03:34:29 PM

Quote from: Hoganye on October 16, 2017, 02:45:20 PM

Quote from: CoinsCoinsEverywhere on October 11, 2017, 01:44:46 PM

Quote from: jimrome on October 10, 2017, 09:14:31 AM

Quote from: KuromaYoichi on October 09, 2017, 11:34:03 AM

When bitcoin can afford a lot of transactions, right now it can't as the confirmation take so long (10-15 minutes). If this problem is solved and bitcoin is regulated at the country where the merchant is located, it won't take long until they will accept bitcoin.

Do you really think that a delay of ten to fifteen minutes is a very big delay,i really do not think so,the only solution we have to find out is the double spend problem and if you could figure that out then you could start accepting bitcoin with zero confirmation . Tongue

I waiting for a time when amazon starts accepting bitcoin and if they do it would be great.

Yes, I think it's way too long when you can pay by other electronic means within a few seconds. And I've seen delays much longer than 10-15 minutes. A few months ago, I did a bitcoin transfer between my wallet and an exchange. I paid the recommended fee, which I later confirmed to be reasonable at that time for the transaction size. It took more than 24 hours to get a single confirmation! That is completely unacceptable.

Yeah, we need to spend much time to wait our transaction confirm when we use it to purchase. By this problem, I remember many retailers lossed many money because some buyer use this problem to create double spending, and the result ... maybe, you know Grin

Transaction in bitcoin of current price is slow.But if the technology developed means, the transaction of bitcoin will be very fast. And one more thing is low purchase retailers are not accept the high value Bitcoin for 5-10$ and all.If the bitcoin replace the dollar means, the retailers also accept bitcoin.

Bitcoin is really not meant for on the line transactions such as when you are ordering food in a fast food chain, and in order for them to to receive the payment instantly you will need to increase your transaction fee and by doing so you are incurring additional cost compared to using other modes of payment. For me Bitcoin is better of being a currency that is used online where you can buy stuff and later on be ship in your place. I wouldn't recommend Bitcoin being use in physical stores.

Foromany

newbie

Activity: 42

Merit: 0

Effectively, it's a slow procedure progressively, gradually. As you may possibly know, new technologies take time prior to it receives adopted by the standard populace. On the internet organization house owners and organizations are constantly on the aspect of keeping away from conversing risk far more specially when it arrives to accepting income and transactions on the internet. So, slowly they may employ the bitcoin payment program but it may get time eventually until finally they entirely realize the positive aspects.

Pettuh4

sr. member

Activity: 812

Merit: 251

Quote from: ask on October 16, 2017, 03:50:57 PM

When Ceo's start to read about bitcoin and blockchain technologies then we will see more of them start to use bitcoin.
Its all authorities war with decentralizing. This is the biggest challenge.

Yes it all starts with education and public awareness, lets take it that bitcoin is now evolving and many people around the world are yet to come to terms with it's operations and so we should be patient and wait for the new generation to fully take over and all ceo's and merchants who are tech savvy will start accepting bitcoin effortlessly.

MMA

legendary

Activity: 1134

Merit: 1000

Quote from: maku on October 16, 2017, 04:08:27 PM

Quote from: ask on October 16, 2017, 03:50:57 PM

When Ceo's start to read about bitcoin and blockchain technologies then we will see more of them start to use bitcoin.

I wouldn't be so sure about it - first and foremost, what is the best argument for bitcoin? That this currency is widely popular? Rather not.
People are reluctant to use Bitcoin because they are hoping that in the future their coins will be far more expensive.
This is something which keeps mass bitcoin adoption from happening. There is no CEO who will accept BTC knowing that barely anyone will be using this payment method.

I am agree with you but I will add something new in your opinions. At present the value of bitcoin is in the dollar and bitcoin is trying to vanish dollar and other local paper currency so it is like to cut the bunch on which you are sitting. First bitcoin has to develop its own value just like gold and it is mandatory for bitcoin to be legalized and form it place in term of payments. The second problem is its security from hackers and command in other hands.

Fireblade

hero member

Activity: 770

Merit: 500

Quote from: kevin. on October 16, 2017, 03:21:13 PM

I think that we will see as much more retails will accept crypto curriencies as a payment method in the closest future. It will became more realistic as we see services for merchants which help them to accept crypto coins and receive fiat money at their bank accounts. It already doesn’t look like fantastic.

The is not retailers that they are accepting it as method of payment because if the Start selling items through bitcoin SO how they will purchase items from their supplier. So before retailers the manufacturers are required to use bitcoin for trade.
Before retailer / supplier for retailer
Before supplier / government
So if government accept it as currency then supplier will use it for import of raw material after manufacturing supplier will take bitcoin from retailer and retailer will offer the goods in bitcoin. Government will pay wages in bitcoin who will purchase items from retailer. retailer will make payment for supplier and supplier will give tax to governments in bitcoin.

megynacuna

sr. member

Activity: 756

Merit: 253

Quote from: maku on October 16, 2017, 04:08:27 PM

Quote from: ask on October 16, 2017, 03:50:57 PM

When Ceo's start to read about bitcoin and blockchain technologies then we will see more of them start to use bitcoin.

I wouldn't be so sure about it - first and foremost, what is the best argument for bitcoin? That this currency is widely popular? Rather not.
People are reluctant to use Bitcoin because they are hoping that in the future their coins will be far more expensive.
This is something which keeps mass bitcoin adoption from happening. There is no CEO who will accept BTC knowing that barely anyone will be using this payment method.

Exactly, that is why there is the need for us all to push for it by establishing businesses and accepting bitcoins. We ought to become the CEO's so that we can start this revolution of bitcoin acceptance globally.

maku

legendary

Activity: 1288

Merit: 1000

Quote from: ask on October 16, 2017, 03:50:57 PM

When Ceo's start to read about bitcoin and blockchain technologies then we will see more of them start to use bitcoin.

I wouldn't be so sure about it - first and foremost, what is the best argument for bitcoin? That this currency is widely popular? Rather not.
People are reluctant to use Bitcoin because they are hoping that in the future their coins will be far more expensive.
This is something which keeps mass bitcoin adoption from happening. There is no CEO who will accept BTC knowing that barely anyone will be using this payment method.

ask

legendary

Activity: 1386

Merit: 1004

When Ceo's start to read about bitcoin and blockchain technologies then we will see more of them start to use bitcoin.
Its all authorities war with decentralizing. This is the biggest challenge.

romeitaly

full member

Activity: 308

Merit: 108

Quote from: cpfreeplz on July 14, 2017, 11:02:07 PM

I wish I could spend my bitcoins locally or even in my country at all (easily). Although it has helped me hang onto them and earn quite a bit over the years.

Same goes with my country. We are thankful Japan has started accepting bitcoins and it can be the start to make the range of bitcoin wider. Sooner or later, when many of the people in our countries are familiar with bitcoins, maybe some retailers and companies are already accepting bitcoin as payments.

jvdp

hero member

Activity: 1148

Merit: 523

CryptoTalk.Org - Get Paid for every Post!

Quote from: Hoganye on October 16, 2017, 02:45:20 PM

Quote from: CoinsCoinsEverywhere on October 11, 2017, 01:44:46 PM

Quote from: jimrome on October 10, 2017, 09:14:31 AM

Quote from: KuromaYoichi on October 09, 2017, 11:34:03 AM

When bitcoin can afford a lot of transactions, right now it can't as the confirmation take so long (10-15 minutes). If this problem is solved and bitcoin is regulated at the country where the merchant is located, it won't take long until they will accept bitcoin.

Do you really think that a delay of ten to fifteen minutes is a very big delay,i really do not think so,the only solution we have to find out is the double spend problem and if you could figure that out then you could start accepting bitcoin with zero confirmation . Tongue

I waiting for a time when amazon starts accepting bitcoin and if they do it would be great.

Yes, I think it's way too long when you can pay by other electronic means within a few seconds. And I've seen delays much longer than 10-15 minutes. A few months ago, I did a bitcoin transfer between my wallet and an exchange. I paid the recommended fee, which I later confirmed to be reasonable at that time for the transaction size. It took more than 24 hours to get a single confirmation! That is completely unacceptable.

Yeah, we need to spend much time to wait our transaction confirm when we use it to purchase. By this problem, I remember many retailers lossed many money because some buyer use this problem to create double spending, and the result ... maybe, you know Grin

Transaction in bitcoin of current price is slow.But if the technology developed means, the transaction of bitcoin will be very fast. And one more thing is low purchase retailers are not accept the high value Bitcoin for 5-10$ and all.If the bitcoin replace the dollar means, the retailers also accept bitcoin.

kevin.

newbie

Activity: 26

Merit: 0

I think that we will see as much more retails will accept crypto curriencies as a payment method in the closest future. It will became more realistic as we see services for merchants which help them to accept crypto coins and receive fiat money at their bank accounts. It already doesn’t look like fantastic.

rayneh

sr. member

Activity: 308

Merit: 250

MatrixCoin - Creating Bright Future Together

Quote from: bitgov on October 16, 2017, 01:41:57 PM

Quote from: cpfreeplz on July 14, 2017, 11:02:07 PM

I wish I could spend my bitcoins locally or even in my country at all (easily). Although it has helped me hang onto them and earn quite a bit over the years.

I think that for many people this option would have cost them much more savings than just holding a bitcoin in their wallet to increase their budget by this type of earning.

As you said about much budget in the last so now they are saying that many retailers will accept bitcoin in future so let me put you are there topic between and tell you the main point. If they are accepting bitcoin as a payment method then they will earn from these bitcoins because when we are sending them bitcoin by the passage of time it's price increasing. So your point is that holding bitcoin can give you a huge budget.

goldade

full member

Activity: 896

Merit: 104

The Standard Protocol - Solving Inflation

Retailers are the people next door who to me based on where I am staying would be artisans and mostly people who only have basic education to communicate and aside that there is nothing else which we all know that more than that is needed to operate bitcoin. I don't see retailers accepting bitcoin at least not anytime soon over here but maybe after this generation of retailers have done theirs and gone for the new youthful generation to take over retailing activities.

Hoganye

hero member

Activity: 625

Merit: 501

Quote from: CoinsCoinsEverywhere on October 11, 2017, 01:44:46 PM

Quote from: jimrome on October 10, 2017, 09:14:31 AM

Quote from: KuromaYoichi on October 09, 2017, 11:34:03 AM

When bitcoin can afford a lot of transactions, right now it can't as the confirmation take so long (10-15 minutes). If this problem is solved and bitcoin is regulated at the country where the merchant is located, it won't take long until they will accept bitcoin.

Do you really think that a delay of ten to fifteen minutes is a very big delay,i really do not think so,the only solution we have to find out is the double spend problem and if you could figure that out then you could start accepting bitcoin with zero confirmation . Tongue

I waiting for a time when amazon starts accepting bitcoin and if they do it would be great.

Yes, I think it's way too long when you can pay by other electronic means within a few seconds. And I've seen delays much longer than 10-15 minutes. A few months ago, I did a bitcoin transfer between my wallet and an exchange. I paid the recommended fee, which I later confirmed to be reasonable at that time for the transaction size. It took more than 24 hours to get a single confirmation! That is completely unacceptable.

Yeah, we need to spend much time to wait our transaction confirm when we use it to purchase. By this problem, I remember many retailers lossed many money because some buyer use this problem to create double spending, and the result ... maybe, you know Grin

BILGPS

full member

Activity: 378

Merit: 100

When the retailers become familiar with this crypto currency they will know about bitcoin after that they will start accepting bitcoin and it is our role to communicate new young retailers and their family members regarding this currency. We should elaborate the advantages of bitcoin. The other reason is if government allowed this currency and give the legal status to it then everywhere it can be accepted.

bitgov

sr. member

Activity: 1554

Merit: 260

Quote from: cpfreeplz on July 14, 2017, 11:02:07 PM

I wish I could spend my bitcoins locally or even in my country at all (easily). Although it has helped me hang onto them and earn quite a bit over the years.

I think that for many people this option would have cost them much more savings than just holding a bitcoin in their wallet to increase their budget by this type of earning.

MukulTaneja

newbie

Activity: 20

Merit: 0

japan has done great for users of bitcoin,and about question ,when bitcoin will treated as official currency or atleast as secondary currency and be legalised in more and more countries.

krisnt80

hero member

Activity: 729

Merit: 500

Bitcoin has hit a wall, wich is the legalization into the countries, even with a lot people already accepting bitcoin as payment still being something that still far away to be recognized and accepted. Once countries legalize bitcoin we will see a boom and a lot big stores, companies and small merchants will adopt we accept bitcoin, until there just a few are taking the risk to accept bitcoin.

ruslanv

newbie

Activity: 22

Merit: 0

I feel that in inadequate international locations and in villages, bitcoin may not be acknowledged at all as a payment, as there is very likely no a single heard or employed about it there. Even in designed countries, not everybody now agrees to use it.

Succurs

newbie

Activity: 52

Merit: 0

we do not need to have much more stores to settle for bitcoin when the variety of bitcoin users is even now extremely little. What we need to have is that much more and much more individuals will get into bitcoin and use it as an expenditure first. Then, stores can open a store which accepts bitcoi to entice them.Â

Topic: When will more retailers accept Bitcoin - page 17. (Read 17161 times)