Why would people want to adopt Bitcoin as a payment option? - page 10.

Blowon

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Quote from: Kakmakr on October 30, 2018, 01:28:14 AM

We live in a world where we are bombarded with choices and the same goes for payment methods. We currently have a veriety of different payment methods, like : Credit Cards / Debit Cards / PayPal / Payment processors / Charge cards / Prepaid cards / Phone and mobile payments / Money orders / Online Banking ePayments (OBeP) / Cheque and Crypto currencies.

looking at the wide selection of options on the table, would you be able to motivate people to adopt Bitcoin, over any of the other options?

What sets Bitcoin apart from these other options and how would you differentiate between these payment methods and Bitcoin? What makes Bitcoin better?

Let's discuss. Wink

Actually bitcoin is only an intermediary tool (exchange), it is not a legitimate means of payment in a state institution. Because of coverage of the community, it cannot be like bank (credit card / debit card / master card) as well.

ELOCIN

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From the word payment option, you already got the idea from it. Satoshi Nakamoto or bitcoin's creator has already his vision put in placed in his whitepaper that bitcoin should serve as the alternative currency to fiat to be used as payment for online transaction fees for products and services.

ClassyDancer

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Bitcoin payments are safer and more efficient. Payments are a one-way only transaction, so you can’t lose money due to stolen credit cards. There are zero chargebacks as well. With bitcoin, the fees you pay determine the speed at which you receive your money. (And we all know how credit card fees and even Paypal fees add up)

BitcoinPanther

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Perhaps few of the things that i personally believe makes bitcoin better that other mode of payments is its transparency from the moment it is transferred. There will be no wondering at all if the payment is made, with the given transaction reference, one can immediately check whether the payment was processed and if it is, one simply needs to wait for the transsction to be confirmed. And we all know that this status can not be manipulated at all. It adds a sense of security and peace of mind.

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Quote from: Kakmakr on October 30, 2018, 01:28:14 AM

We live in a world where we are bombarded with choices and the same goes for payment methods. We currently have a veriety of different payment methods, like : Credit Cards / Debit Cards / PayPal / Payment processors / Charge cards / Prepaid cards / Phone and mobile payments / Money orders / Online Banking ePayments (OBeP) / Cheque and Crypto currencies.

looking at the wide selection of options on the table, would you be able to motivate people to adopt Bitcoin, over any of the other options?

What sets Bitcoin apart from these other options and how would you differentiate between these payment methods and Bitcoin? What makes Bitcoin better?

Let's discuss. Wink

I was able to motivate to use Bitcoin for transfer, versus Paypal it was a better option for them.
but other was just interested in speculation.

Bitcoin is apart because it is not controllable, and this makes bitcoin better for the folks.

shield132

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Quote from: Kakmakr on October 30, 2018, 01:28:14 AM

We live in a world where we are bombarded with choices and the same goes for payment methods. We currently have a veriety of different payment methods, like : Credit Cards / Debit Cards / PayPal / Payment processors / Charge cards / Prepaid cards / Phone and mobile payments / Money orders / Online Banking ePayments (OBeP) / Cheque and Crypto currencies.

looking at the wide selection of options on the table, would you be able to motivate people to adopt Bitcoin, over any of the other options?

What sets Bitcoin apart from these other options and how would you differentiate between these payment methods and Bitcoin? What makes Bitcoin better?

Let's discuss. Wink

Do you really ask this question? Bitcoin is unique payment method. Some websites, like chanel, gucci, sephora, ulta and others have restrictions when your shipping adress and paypal's billing adress doesn't match, you aren't able to order things on someone. Bitcoin has no limits, from nowhere. Also imagine you want to buy something where it's better to protect your privacy, bitcoin is a solution here. It's very practical, has low fees which can't affect your budget, you own your own wallet and money, that's amazing when you don't depend on 3rd parties.

Finestream

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Quote from: ocid on November 01, 2018, 06:30:27 PM

Quote from: Kakmakr on October 30, 2018, 01:28:14 AM

We live in a world where we are bombarded with choices and the same goes for payment methods. We currently have a veriety of different payment methods, like : Credit Cards / Debit Cards / PayPal / Payment processors / Charge cards / Prepaid cards / Phone and mobile payments / Money orders / Online Banking ePayments (OBeP) / Cheque and Crypto currencies.

looking at the wide selection of options on the table, would you be able to motivate people to adopt Bitcoin, over any of the other options?

What sets Bitcoin apart from these other options and how would you differentiate between these payment methods and Bitcoin? What makes Bitcoin better?

Let's discuss. Wink

many advantages possessed if you can use payment with bitcoin, one of which is bitcoin is very easy to use for payment methods anywhere without restrictions and can also be used without going through an intermediary presence of third parties

Yes.Paying through bitcoins is much more secured and more fast and efficient compared to other payment options.And you don't have to worry of your bitcoins because it has stored in a secured wallet unlike using fiat currencies which has high chances to be stolen from your own pocket.

ableh

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if pay using debit or credit card you will be charged an additional fee while if using Bitcoin is not
other than that the Bitcoin transaction is anonymous but still transparent maybe some of these factors have made someone want to adopt Bitcoin as a payment option

ocid

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Quote from: Kakmakr on October 30, 2018, 01:28:14 AM

We live in a world where we are bombarded with choices and the same goes for payment methods. We currently have a veriety of different payment methods, like : Credit Cards / Debit Cards / PayPal / Payment processors / Charge cards / Prepaid cards / Phone and mobile payments / Money orders / Online Banking ePayments (OBeP) / Cheque and Crypto currencies.

looking at the wide selection of options on the table, would you be able to motivate people to adopt Bitcoin, over any of the other options?

What sets Bitcoin apart from these other options and how would you differentiate between these payment methods and Bitcoin? What makes Bitcoin better?

Let's discuss. Wink

many advantages possessed if you can use payment with bitcoin, one of which is bitcoin is very easy to use for payment methods anywhere without restrictions and can also be used without going through an intermediary presence of third parties

ranman09

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Quote from: Kakmakr on October 30, 2018, 02:21:06 AM

...The "No Charge Back" feature is a huge bonus for merchants, but it is also a huge bonus for scammers. Roll Eyes

I think this is one of the problems we will encounter with the usage of bitcoin. Though this is just about a small percent ratio to what bitcoin can help and do good, this still affects users thought of its usage.

The only thing I can think of to avoid this problem is through escrowing, but I think escrows only accept large transactions.

happy weblancer

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Quote from: Kakmakr on October 30, 2018, 01:28:14 AM

We live in a world where we are bombarded with choices and the same goes for payment methods. We currently have a veriety of different payment methods, like : Credit Cards / Debit Cards / PayPal / Payment processors / Charge cards / Prepaid cards / Phone and mobile payments / Money orders / Online Banking ePayments (OBeP) / Cheque and Crypto currencies.

looking at the wide selection of options on the table, would you be able to motivate people to adopt Bitcoin, over any of the other options?

What sets Bitcoin apart from these other options and how would you differentiate between these payment methods and Bitcoin? What makes Bitcoin better?

Let's discuss. Wink

Each of the listed payment methods has its advantages and disadvantages. The main disadvantage of Bitcoin and cryptocurrency in general is the inability to restore a forgotten or lost address. As well as the difficulty of keeping it secret from relatives and roommates.

PeRo

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Well, some people would probably accept Bitcoin because they would take advantage of thw volatility and make a large profit of every purchase that customers make. The only other reason I could think of would be because they just want to support Bitcoin. Beside these 2 reasons, accepting Bitcoin wouldn't help merchants much because it would be pretty much the same to them if you want to pay in cash or Bitcoin.

enogheghase123

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well the unique thing about bitcoin as a method of payment is the volatility and its decentralized nature, this set bitcoin apart from other payment method, other payment methods may attract fee that bitcoin method doesn't charge. So bitcoin as a payment method is easy and accessible anytime anywhere.

syamster

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Quote from: pavka on October 30, 2018, 05:05:15 PM

For me, the most important thing is that Bitcoin is not just a payment for goods or services, it is already a good investment of money, which is likely to make a profit. For example, having received a fiat, you decide what to do with this money further, where to invest. Having received Bitcoin, you can convert it to Fiat or leave it as a certain asset.

Surely having bitcoin is the best ideas, it gives money, safest way of earning money with money is investing your money to bitcoin, using blockchain will save our money to long time as no one will be able to hack our bitcoin, it will remain save and will grow bigger so try to invest more buy more price will change and surely you will earn with the help of blockchain as proper wallet.

Olalomi

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Personally I hate all the verification or KYC involved in those payment options to access to them requires some process which at times cumbersome and tedious to cap it all paypal has some restriction to some countries unlike bitcoin which has no restriction and usage is quite easier.

kleeck

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I am not sure people want that at last with this conditions. It can't process too many transactions and fees are high.

People want more adoption for gain more profit. But with this conditions bitcoin can only be an asset.

Udrujec

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I like the idea of decentralization, which allows you to make any international payments much faster and cheaper than it can be done with the help of a cash transfer. It is very convenient and, importantly, safe.

Rana590

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Firstly bitcoin is a decentralized crypto currency. As a decentralized, we can transaction with bitcoin privately. Transaction with bitcoin is more faster and secure. Global also accepting it. Day by day more people are adopting with it. So I think in this technology based world, Payment through bitcoin is a smart option.

Pyr3x

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I like the idea that cryptocurrency is decentralized, independent. As well as the fact that it is much more secure than the use of ordinary national money. Therefore, I am for the use of bitcoin in everyday life.

tiktak89

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Here we have already listed many advantages of bitcoin, and I agree with all this. It is much bigger and wider than the currency and it opens up completely different possibilities for us. In addition, now it is very profitable to use as an investment.

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