Topic: Why would people want to adopt Bitcoin as a payment option? - page 4. (Read 2154 times)
Virtual currency is also the future and people, especially younger generations, are less willing to use traditional payment methods such as cash or plastic credit cards.
The people doesn't know and trust bitcoin and they are still using the old school payments method and paying more fees and taxes. Because this idea haven't got strong in the people minds.. Every new day many more people meet with the blockchain and the cryptocurrency and the usage percentage is going high.. But it will take time.. In near future we will survive from the banks, credit cards and the other blood suckers..
Low fees that don’t depend on the amount or location, plus, no transmission fees and no restrictions – these are all the advantages. The network works 24/7/365 without breaks or vacations. Elimination of the third party in a form of p2p interaction reduces time and price.
Well me, I don't want to use bitcoin as payment system. Why? Simply because it is volatile. Bitcoin's price isn't fixed then why should we use btc as payment system. I don't get the point. I heard of those coffee shops and hospitals that accept bitcoin's payment. How was that? The actual bitcoin's value as of now is the accepted? Or do we need to convert it into a tangible one?
Because it is decetralized and has a lot os advantages
The payment methods you said are indeed more convenient than BTC, and more people are used!
BTC is the future payment method. After the popularity of lightning network, you will see the advantage of BTC payment!
It’s just the moment when BTC is on the show!
BTC is the future payment method. After the popularity of lightning network, you will see the advantage of BTC payment!
It’s just the moment when BTC is on the show!
Well, I highlight for myself a few important points in Bitcoin, as in the means of payment.
1. The ability to make a transfer to anywhere in the world and not worry about exchange rates and currency conversion.
2. The ability to send any amount (even large) is safe.
3. Fast transactions.
4. Thanks to the decentralized nature of Bitcoin, transactions become secure.
5. Low fees for transfers.
Other electronic payment systems don't have such characteristics that, for me, Bitcoin automatically takes the lead.
1. The ability to make a transfer to anywhere in the world and not worry about exchange rates and currency conversion.
2. The ability to send any amount (even large) is safe.
3. Fast transactions.
4. Thanks to the decentralized nature of Bitcoin, transactions become secure.
5. Low fees for transfers.
Other electronic payment systems don't have such characteristics that, for me, Bitcoin automatically takes the lead.
I want to add one more thing: by paying for a purchase or making a transfer to BTC, you avoid exchange rate differences and currency conversion fees.
But there is a negative point: an error in the address or the amount of payment is fraught with loss of funds.
Bitcoin can be very fast, it has a very low transaction fee, it's impossible to falsify figure. There is actually no distance limitations or regulatory frameworks across borders when carrying out a very high transaction, in most cases, KYC is never a barrier. Its volatility can either be a positive or a negative effect provided the vendor understands when to convert to fiat or a stable coin.
compartively payment on bitcoin as more secure and less transaction fee ,so this cause the people to adopt bitcoin as a payment option
Some controversy and challenges surround the use of cryptocurrency, but many business owners are embracing cryptocurrencies such as Bitcoin for transactions. One reason is that using the latest technology is a great way to stand apart from other businesses in the marketplace.
Not sure what cryptocurrency is? Cryptocurrency is simply a digital currency that relies on encryption technology to transfer the value via the internet. This form of currency operates independently of a banking system and can be used in many countries like cash. The most common use of cryptocurrency is selling and buying goods or services online.
Cryptocurrency is another way businesses can accept payments from customers or pay vendors. Wondering if accepting cryptocurrencies is the right fit for your business? The answer depends on your business's needs, but typically, cryptocurrencies are advantageous for various reasons. Take a look at these six reasons accepting cryptocurrencies can help your business grow and succeed.
Not sure what cryptocurrency is? Cryptocurrency is simply a digital currency that relies on encryption technology to transfer the value via the internet. This form of currency operates independently of a banking system and can be used in many countries like cash. The most common use of cryptocurrency is selling and buying goods or services online.
Cryptocurrency is another way businesses can accept payments from customers or pay vendors. Wondering if accepting cryptocurrencies is the right fit for your business? The answer depends on your business's needs, but typically, cryptocurrencies are advantageous for various reasons. Take a look at these six reasons accepting cryptocurrencies can help your business grow and succeed.
bitcoin transaction is too easy and secured as well. people will be feel secured carry bitcoin rather to solid money. many online shop started bitcoin payment method. truely appreciated.
Yes, people think it's cool to pay with Bitcoins. This is a new and interesting experience, which is already welcomed in different countries of the world. 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.
Well, firstly it will be very convenient for people who earn cryptocurrency. It will be convenient for them to pay in such a currency. Moreover, some stores are already starting to accept Bitcoin as a payment and people like it 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.
bitcoin transaction is too easy and secured as well. people will be feel secured carry bitcoin rather to solid money. many online shop started bitcoin payment method. truely appreciated.
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.
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.
I guess because you can directly use bitcoin without 3rd party involving. Usually when we using credit / debit cards, the credit card company will
involving between you and the other's. With bitcoin or any cryptocurrency, you can directly send money or paying in coin to the receiver.
I think it is written in the bitcoin's whitepaper.
People have now begun to apply bitcoin as a financial system, because Bitcoin has many advantages and many benefits. Bitcoin offers us speed, security and convenience in making transactions wherever and whenever we want. In addition, when everyone wants to use Bitcoin, they simply register on an exchange and make a wallet. That is the easiest thing that has ever been done, of course different from financial media like paypal which requires us to have a credit card. So everything and the financial system revolution will start soon and Bitcoin is a pioneer in starting it.
The only reason why people use Bitcoin as a way of payment is because of its anonymity. You can send payments without giving your identity and that you don't need any verification to make transactions. Also, it's easy and anyone can do it.
Bitcoin is the oldest of all the other cryptocurrencies and as such, the majority of people trust in bitcoin than any other coins that are evolving with ease, without any use and get to become a shitcoin in a year or two. Ever since bitcoin's creation, we all trust in it so everyone will want to use it.
it's true that everyone likes to use bitcoin, because using bitcoin is very useful to get money like investment, trade and as a safe and fast payment tool too. so most people continue to like bitcoin at any time
One obvious reason why people wants to adopt bitcoin as payment method is because of the transaction cost and the ability to trace the transaction wherever you are just with the use of internet, in bitcoin we can send huge amount of money like millions of dollar in just minutes with a very minimal fee not more that $10 while in other payment systems sending such huge amount of money will cost you hundreds of dollars.
It's easy and convenient, it's much less under control than fiat transactions, availability everywhere where you have Internet connection, independency from other payment systems and financial institutions. To my opinion these are the main reasons why people like to use Bitcoins as a payment method.
Also virtual currencies are future and people, especialy young generations, are less and less willing to use traditional payment methods like cash or plastic credit cards.
Also virtual currencies are future and people, especialy young generations, are less and less willing to use traditional payment methods like cash or plastic credit cards.
Well, I highlight for myself a few important points in Bitcoin, as in the means of payment.
1. The ability to make a transfer to anywhere in the world and not worry about exchange rates and currency conversion.
2. The ability to send any amount (even large) is safe.
3. Fast transactions.
4. Thanks to the decentralized nature of Bitcoin, transactions become secure.
5. Low fees for transfers.
Other electronic payment systems don't have such characteristics that, for me, Bitcoin automatically takes the lead.
1. The ability to make a transfer to anywhere in the world and not worry about exchange rates and currency conversion.
2. The ability to send any amount (even large) is safe.
3. Fast transactions.
4. Thanks to the decentralized nature of Bitcoin, transactions become secure.
5. Low fees for transfers.
Other electronic payment systems don't have such characteristics that, for me, Bitcoin automatically takes the lead.
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