Why would people want to adopt Bitcoin as a payment option? - page 13.

Juggy777

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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

Hey for me these are the biggest features 1) Decentralisation 2) Low fees super quick payments 3) No charge backs 4) Zero or no tax at all. 5) Can be used to take money in PayPal, Fiat in an instant.

Decentralisation let's assume all know what this means I feel this is the biggest and best advantage of Bitcoins.

I have loads of Usd and other foreign payments to be made from time to time, and if you're like me who used to pay Bank the high fees to trade, you'll be amazed to know I transfered some thousand dollars in Bitcoins for few cents, literally few cents.

While this is beneficial to the seller and not the buyer, but it's a shame many buyers do false charge back, and this is the need of the hour.

If your country doesn't tax Bitcoins, you don't need to pay any tax great isn't it.

As you already know you can trade it for PayPal or gift vouchers, and so much more.

crwth

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I guess if I were the owner of a company that sells services or sells items, I would love to accept bitcoin. But right now I know Bitcoin, and I know what it could do for my company, it would be an additional payment option so more customers would be able to be accommodated. If I have no idea what Bitcoin is and I heard about a proposition for it to be near it, I would likely be skeptical on what it is because I might think it's not real money. Especially if I have been on the entrepreneurial side for a long time, I wouldn't trust it easily.

The critical thing to understand is what people who really become successful is to become adaptive and become modern. Bitcoin is definitely a modern way to get paid.

IL_C0RV0

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Bitcoin it's the new gold. In this era, the potential of Bitcoin it's essential. You can pay safer and with anonymity. But have a lot of benefits.

EllieBasti05

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People want to adopt bitcoin easily because it can be an investment and tradable. In now technolgy update we can now buy goods using a bitcoin without using fiat money and its very convenient to use.

jack8989

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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

Everybody wants to trade with Bitcoin because everyone wants to own it. Those who want to buy Bitcoin and just want to hold it until its price goes up to $ 10k back. That is why other altcoins are not selected for payment.

dothebeats

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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

With the amount of payment options available right now, I don't think bitcoin would fare better unless it removes the problem of volatility. Mind you, it's still an excellent payment method if the right circumstances aligned with its tech. It's pretty secure for both users since there's no way a MITM attack could be devised which could potentially compromise both ends. Also, its nature of people not needing to have a bank account in order to use it is a plus, since there are still a lot of people engaging in online shopping without bank accounts. However given the fame and popularity of other payment methods listed above, bitcoin doesn't have time to shine since all of them have their own edges.

Who cares about security in this day and age where everything is spoon-fed and done with an ad?

Dextract

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Main thing that makes Bitcoin better is the price and also the transaction checker and also that its very easy to store and given security

zuziekatee

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Bitcoin has so many advantages over other payment forms and the
main of it is the base Of operation which is the blockchain technology which allows for anonymity, faster transaction speed, lower transactions fees, volatile nature and many more.

Serious Miner

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For payment issue, I will go for bitcoin which is very pleasant and suitable for me and even bitcoin exchanges with different currencies easily. On the other hand, I feel trouble to use bank-issued cards for payment which is controlled by the bank. So bitcoin is decentralized and very useful for payment.

Kencha77

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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

A good amount of people have no access to banking institutions and normally these banks are the ones who can help on global transactions. That for me are the factors why choose bitcoin over other payment because most payment methods require banks and mobile payment have a limited area of coverage.

xuan87

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We need a decentralized currency which got no interference from the government, we need some freedom to do currency without the government poking into our account or transaction, and Bitcoin is a really good currency to do global transaction, it's easy to used,easy to deposit and easy to withdraw

sehoon

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As of now, the reasons I know are first it is going to be easy for us since we don't have to convert cryptocurrency money into fiat money. Second, adopting bitcoin as a payment means bitcoin is receiving support from outside and I hope it could affect the price as well.

BabyBoss

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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

People will earn more when we use btc as payments. We are all made investment while we are using btc as currencies because of its volatile price we can earn in ups while we can take the opportunity while it is in down.

Kemarit

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

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

For me its the the transaction fees, its quite cheap as compare to a regular banking transactions. I remember being paid by my employer before, but I have to wait for 3-5 business days before I can get my money. If I wanted to get it instantly, I have to pay for additional fees, so there are times that I needed the money right away so its annoying on my end. But with bitcoin, we can get the same benefits (faster transactions + fees are low) without having to pay additional cost.

sinkfish

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Quote from: Coyster on October 30, 2018, 01:36:10 AM

It's volatile nature puts it at a huge advantage,due to the fact that the seller(merchant) could be in for far more than the actual price based on a rise in the price

But that's a two way dilemma and the actual reason why merchants accept payments through a processor(which converts to Fiat),due to the instability in the price of the bitcoin

But notwithstanding I'll encourage people to accept payments in the bitcoin firstly because of its safety,every transactions carried out would be recorded in the blockchain technology,so in case of any mishap whatsoever,the technology could serve as a reference,as this recorded information is unalterable..

It's security is another reason why I'll endorse the currency,its digital,so huge sums do not have to be carried physically to avoid theft
Every payment is made online, and in any case of unfriendly transactions a third party trusted escrow service could be added in the transaction...

It's an asset/investment:Merchants and anyone really who wishes to accept the bitcoin can look at it as a currency whose value is not stable and whose price could rise astronomically considering the demand/supply of the currency
So storing up bitcoins as a merchant or seller/dealer automatically makes you a bitcoin investor
And if patient,you could make huge profits

this pretty much sum up everything.

steampunkz

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In my opinion, Bitcoin is one the payment system that people can easily adapt without giving out personal information when buying and selling online unlike a credit card that have monthly and yearly fees plus an additional percentage. Also, it is anonymous and private, So people have less worry when they are using BTC.

liuqi

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Peoples are ready to adopt new technology so all the peoples are accepting the Bitcoin. But reality it is not a centralised platform so government should not accepting the legalisation. May be all the government are expecting some regulation in Bitcoin then it it will accepting in entire world.

Clinton R. Riggs

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I think people want to adopt bitcoin as a payment because bitcoin is a different currency and easily execute anytime when it suits you.i really concept it is the only money where you can trust, and demise more then faster.

livingfree

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Don't forget about gift cards/vouchers too, they are very much popular nowadays.
I motivated people to adopt bitcoin before but the interest isn't too serious for them so probably here in my locale I wouldn't do it anymore. I'm better to keep my mouth shut and just do my own business. Though with online friends, I've been sharing the word and its even welcoming than those people you would want to share and help by sharing bitcoin as payment option.

yesyoupump

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You should think about a grow perspective and at the same time to the possibility to keep your spending power.
Indeed Bitcoin is very instable but at the same time not depend by the local Country's law.

Topic: Why would people want to adopt Bitcoin as a payment option? - page 13. (Read 2154 times)