Topic: Which will be more adopted in long run: btc mobile payments or debit cards? - page 2. (Read 2400 times)

I think in the near future the BTC mobile payments should be more adopted in long run, than the debit or credit cards, simply because it's simplest way to pay online without complicated transactions.
This need waiting for some time but i think Bitcoin will be the first payment processor soon

I think mobile payment, it is very easy and instant in making payment. But if it is lost? It should be considered.

Btc mobile payments will do the trick because no one forgets to bring his phone when he comes out

Yeah that's a very good point regarding people wanting to hold bitcoins for their increase in value. I guess what I was assuming is that if you were to find a an asset backed debit card company you could trust, you could essentially store bitcoins on your debit cards "account", and as the value of bitcoins go up, the more purchasing power with fiat you have on your debit card. But since you would hav to trust that whichever debit card company to not steal your bitcoins, and the fact that you wouldn't be in complete control of them, would turn a lot of people off from doing something like that. Guess I now just realized that.

definitely mobile payments.  I agree with above posters that it is the future.  Much easier than debit.

I'd like to think both will be used if/when we gain mainstream adoption. I can't say which will be more popular but both should be an option as older, less tech savvy people probably won't be comfortable making mobile payments so debit cards should still remain an option too.

You can pay with bitcoin mobile payment, but I guess most of the people will not do it unless their coins have rose 10X in value. And even their coins have appreciated a lot, smart people might still like to spend the depreciating fiat money first, unless they don't have any income in the form of fiat money at all

Typically a bitcoiner will spend his coin and recharge same amount of coin immediately after consumption, which makes the whole process of spending bitcoin much more complicated. You better skip that spending altogether and using exchange to cash out the bitcoin in small batches when the price is more favorable

A possible place that you would prefer to spend bitcoin is when you are traveling abroad, in those occasions, spending bitcoin is not any different than spending any other foreign currency, it always involve a currency conversion. If you can directly spend your bitcoin then you don't need to pay the conversion fee, the conversion to local currency will be done by local merchants instead, and they might select to hold bitcoin as reserve

im gonna go with bitcoin, but only if bitcoin have
big advertisement and be known to any local and abroad
and if the price is stable bitcoin mobile payments will be adopted in the long run.

It fully depends on what people find more convenient, and as long as people aren't getting paid in BTC, I think daily usage of BTC specially in in real-life scenarios will remain rather rare, because people is too lazy to convert their wage into BTC and then spend it. Of course I know there are some system where the conversion will happen automatically, but im not sure about people seeing a point on this. The main point of BTC is being your own bank, and this requires that you get paid in BTC for an ideal scenario. Then BTC beats all forms of money ever.

lets be realistic,for now debit card have more users than bitcoin mobile. but many expert predict that bitcoin will take over debit card,and bitcoin will have more users than debit card.
my own self is still wondering about this,because bitcoin for now is unstable.

In a long run people will choose btc mobile payment, i think using btc mobile payment is far more convenient and efficient to buy things

and it is for all age user unlike debit card you need to provide a lot of document to open a bank account

and the best thing about using btc payment is anonymous, you can buy whatever things you like

and with btc you can make a better money planning

mobile payments are the future in general. i do everything with my mobile, especially now stores are upgrading their hardware to allow contactless payments. the more physical stores accept bitcoin, the more adoption we will get for mobile bitcoin payments.

I think btc mobile payments is already started to get adopted and even i uses it a lot. But there is lots of obstacle bitcoin has to cross to get more adaption on debit cards and bitcoin ATM.

2minutes 5 seconds:
"and tiny hubs and businesses"

by the way if the cards are to receive the tx data of the originating funds/get balance update. to be able to create a new signed tx.. they have to get the data from the "and tiny hubs and businesses" meaning these "and tiny hubs and businesses" will need to run a full node..

yes the gadget of the hub may be tiny... but that does not mean that full blockchain data wont be needed..

so next time watch a video more then once and then put the theory into practice to see what else would be needed and the reality of the situation.
dont take anything on face value, always investigate research theorize, poke and prod

the other part is that the video doesnt even talk about battery life or recharge times of a card. thus it proves the video is not telling the user everything.. apart from basic theory.

even the mobile network, blutooth, wifi all talk about long range from 100metres to 3 mile yet anyone actually using it will know that signal strength is not guaranteed (we have all had signal drops)... and dont get me even started about the requirement of having another bitcoin user in range aswell...

so with all that said about the limitations.. my point was less about the limitations and requirement of hubs/nodes/other card users.. but more so about that using these cards are no different then using a phone app.. whether its a phone that can sign a tx or a card or a trezor, or even a mathematical genius hand writing it.. the cards do not solve the blockchain bloat issue

If BTC is not going to fulfill the whole world transaction I do not see any problems in having a system that allows me to use my BTC thanks to a debit card: and this already exists.

did you even watch the video?

there are no "hubs" or "full nodes" required. a business just adds the proxy tool to their internet router and you can connect this card to it and pay the bill.

maybe btc mobile partner, debitcard was hackneyed lol

Stedsm:
ignoring an issue wont help either, however.. read on..

aizzaku:
imagine coinbase, they have a merchant tool that shops can use to show a qr code to customers.. bitcoins are accepted.. and.. then the solution for you.. is coinbase converts it to fiat automatically and 'tops-up' the merchants debit card which coinbase already offers. thus the merchant has the fiat they need

Why not? Why do you think that it's a pain?
If we will think it that way, we are ourselves devaluating the possibilities of Bitcoins being used worldwide, so talking anything else is far away from what we are talking currently.

As Bitcoin mobile payments look somewhat threatening to me being infected by malware and might getting our coins stolen, I would choose debit cards as an option here to be the best in long run.