this might happen but of course it is not easy and it will take a long time to realize this.
Why did it happen? the reasons are quite a lot because
1. Many governments still prohibit the existence of bitcoin.
2. there are still many people who are not familiar with bitcoin and they still consider bitcoin as a taboo subject.
3. The move from fiat money to bitcoin is very difficult to do globally and definitely requires work and explanation in detail and easy to understand so that people are interested.
but hopefully this can happen in the future and hopefully people will start to know about this bitcoin and start to be interested in investing in it
Topic: Will Bitcoin ever become a widely adopted global payment solution? - page 5. (Read 957 times)
June 01, 2021, 12:18:02 PM
June 01, 2021, 11:42:12 AM
this can happen, but all of that requires a very long process, and requires a very long discussion, because for now there are still many people who hate bitcoin, and there are still many who don't know what bitcoin is at all, so this is not the time to talk about all that.
June 01, 2021, 11:16:51 AM
Bitcoin adoption is still in progress and I am sure that bitcoin will widely used by many people around the world. I think although maybe it will not be the main currency because likely government will force their citizens to use Fiat as main currency. I think bitcoin will be the best and most popular alternative payment method. In my opinion bitcoin is better than any remittance service. I personally feel very lucky because bitcoin is created, I can pay many goods and services in website with very simple and easy way unlike when I use other payment method.
Bitcoin might be used widely but I doubt it can be used as the main currency and not because of the government.
People might not use them as the main currency because of the high transaction fees. It is quite clear that the transaction fees will go up if there is a rise in the price.
The higher fees will obviously affect us because users might have various payment methods to transact globally with lower fees. I agree the ease of transaction is better with Bitcoin but if the fees are too high many users will use other payment methods.
June 01, 2021, 09:26:20 AM
will bitcoin become a global solution that is widely adopted, I believe and believe it will, because bitcoin has proven to be a good global currency, and is able to bring many advantages, in the future bitcoin will definitely be widely accepted. .
June 01, 2021, 09:12:13 AM
Bitcoin adoption is still in progress and I am sure that bitcoin will widely used by many people around the world. I think although maybe it will not be the main currency because likely government will force their citizens to use Fiat as main currency. I think bitcoin will be the best and most popular alternative payment method. In my opinion bitcoin is better than any remittance service. I personally feel very lucky because bitcoin is created, I can pay many goods and services in website with very simple and easy way unlike when I use other payment method.
June 01, 2021, 09:11:24 AM
Yes, this will definitely happen. Bitcoin, with its high trading volume and global investment due to rising prices, could be one of the global payment solutions. I do not know when this started, but do not doubt that it happened. It has started and we are in the middle of the road.
Unfortunately, bitcoin has not yet become a widespread means of payment. So far, two factors hinder this: the expectation of participants in this market for its further high price growth, as a result of which very few people decide to use bitcoin as money, when in the future its price may increase many times. The speculative interest in this case far exceeds his interest in using it as a means of payment. The second factor is also common knowledge, it is still low scalability and high transaction costs. Now many altcoins have achieved better results in this regard. Of course, cryptocurrency is still developing rapidly and bitcoin still has a chance in this regard. June 01, 2021, 08:34:15 AM
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To be used through peer-to-peer transaction, it might take a while. Here in my country, we already have certain apps like Coins that allows us to pay our bills though not all merchants are allowing the payment through it just yet. It is still third-party app in the end, but it is a payment solution.
June 01, 2021, 07:15:48 AM
Bitcoin has been very successful with bitcoin for a long time already regardless of how many struggles and doubts it went through. This just shows how firm bitcoin's foundation is and we could expect the best in the future as it gets more innovated as time passes by. Ways will be provided on how bitcoin can be useful and reliabe for everyone around the world. Even if it wouldn't be legalized or be banned, surely people will still patronize the use of it for the convenience and benefits it gives off to everyone.
June 01, 2021, 07:15:12 AM
this doesn't seem very feasible as there are still many countries that have been banning bitcoin as a means of payment. blockchain payment for a payment solution still has many shortcomings and problems yet solvable. I think it will be many years before this becomes a reality
June 01, 2021, 07:01:15 AM
Yes, this will definitely happen. Bitcoin, with its high trading volume and global investment due to rising prices, could be one of the global payment solutions. I do not know when this started, but do not doubt that it happened. It has started and we are in the middle of the road.
June 01, 2021, 06:11:03 AM
I don't mind if Bitcoin never reaches true "mass adoption" and am not waiting for it to become the one-world currency. It's already been successful beyond anyone's imagination.
Couldn't agree more. People often think that 10-12 years is very long period of time and that Bitcoin somehow failed because its use didn't reach mass adoption yet, while in reality this is extremely short period of time for something as complex and I think that not even Satoshi thought that Bitcoin will spread as much as it did. June 01, 2021, 05:50:22 AM
There's way too many variables to make any good predictions about it. Bitcoin's volaility is one factor that prevents adoption, and who knows when will it end? Lightning Network is still in development. Companies can still be reluctant to adopt Bitcoin because of unclear regulatory status. General population doesn't see benefits of Bitcoin, because they are satisfied with banks. Any of these factors could change in the future and influence adoption.
June 01, 2021, 04:14:58 AM
While it can and has been used for payments, its use as a medium of exchange has so far been very limited.
Limited in a manner that not most of the shops are accepting but at least there's a progress from its day 1 up to this date. There are more and more people and merchants that are adopting it and we should look into that point because that's what progress and fundamentals mean. Using it as a medium of exchange is still all over around and we're getting the idea that it's becoming limited due to its value and not everyone wants to spend it. But don't ignore the fact that there are also online services that keeps on rolling out with the use of bitcoin and they're a lot.It has moved from being a collectible to a store of value. Will it ever move to being a widely adopted medium of exchange and global payment solution?
It will. The use of it for being a store of value and as a medium of exchange coincides and that's not a problem at all. 
June 01, 2021, 03:54:04 AM
It will in the future.
As we can see some online shop is already accepting Bitcoin as the payment, it could bring to the traditional shop/market if Bitcoin has got mass adoption. At least when someone hear a word "Bitcoin", they already know what is Bitcoin and not talking back "What is Bitcoin?". It would be better if they define Bitcoin as a currency, not as a investment asset only.
Hopefully this adoption will steadily grow in the future because a lot of negativity are being associated with bitcoin and I am pretty sure that businesses will consider adapting the system if there is something bad that comes with it. As we can see some online shop is already accepting Bitcoin as the payment, it could bring to the traditional shop/market if Bitcoin has got mass adoption. At least when someone hear a word "Bitcoin", they already know what is Bitcoin and not talking back "What is Bitcoin?". It would be better if they define Bitcoin as a currency, not as a investment asset only.
June 01, 2021, 03:06:28 AM
It will in the future.
As we can see some online shop is already accepting Bitcoin as the payment, it could bring to the traditional shop/market if Bitcoin has got mass adoption. At least when someone hear a word "Bitcoin", they already know what is Bitcoin and not talking back "What is Bitcoin?". It would be better if they define Bitcoin as a currency, not as a investment asset only.
As we can see some online shop is already accepting Bitcoin as the payment, it could bring to the traditional shop/market if Bitcoin has got mass adoption. At least when someone hear a word "Bitcoin", they already know what is Bitcoin and not talking back "What is Bitcoin?". It would be better if they define Bitcoin as a currency, not as a investment asset only.
It was never a collectible,,, totally disagree there.
Bitcoin can be a collectible, but it should in physical form or known as Casascius Physical Bitcoin. 
June 01, 2021, 02:48:42 AM
It can and has been used? It is used today still,,, I have been almost ever since on this forum receiving bitcoin as payment for services. Medium of exchange? Did you not even see most of altmarkets is against BTC as the first crypto pair?
It was never a collectible,,, totally disagree there.
It was never a collectible,,, totally disagree there.
June 01, 2021, 01:53:00 AM
Not until scalability, fees, etc has been resolved like what it says in the comments above if LN will become successful in the near future no doubt this can be achieve 100% but for now lets wait and see blockchain developments are not stopping to discover and develop new solutions to existing problems in btc, Im hoping that in the next 10 years btc will have cheap transaction fees, fast and easy to use.
Lightning network is already successful, it's just that not a lot uses it. Also, I do agree that fees and scalability is a problem but I don't think that bitcoin can cater a global market given that there is a billion of us in this world and there's only little bitcoin for everyone to share. 
June 01, 2021, 01:49:23 AM
Not until scalability, fees, etc has been resolved like what it says in the comments above if LN will become successful in the near future no doubt this can be achieve 100% but for now lets wait and see blockchain developments are not stopping to discover and develop new solutions to existing problems in btc, Im hoping that in the next 10 years btc will have cheap transaction fees, fast and easy to use.
June 01, 2021, 12:56:03 AM
For Bitcoin to become a global payment solution, it has to compete with centralized solutions like PayPal, SWIFT etc. In a way, it can never replace those but can create a niche for itself with a new form of payment system for a new economy and a new set of users who are comfortable in their digital lives.
What comes to mind is things like streaming payments and other incentives for engagement and knowledge sharing. The usage of Bitcoin for such things is dependent on these things first getting normalized themselves.
We are already seeing some of these materializing in the form of the trend of NFTs and DAOs that are building around the creative community. Artists, Singers, Video makers are finding new ways to monetize their performances and connect to an audience that puts value on digital representations of arts as well as events. This market is being taken over by NFTs and hence the smart-contracting chains like Ethereum rapidly. In a way, they are the first entrants. Whether Bitcoin can find a foothold in this, is a question that can only be answered with the performance of LN and application built on top of it.
What comes to mind is things like streaming payments and other incentives for engagement and knowledge sharing. The usage of Bitcoin for such things is dependent on these things first getting normalized themselves.
We are already seeing some of these materializing in the form of the trend of NFTs and DAOs that are building around the creative community. Artists, Singers, Video makers are finding new ways to monetize their performances and connect to an audience that puts value on digital representations of arts as well as events. This market is being taken over by NFTs and hence the smart-contracting chains like Ethereum rapidly. In a way, they are the first entrants. Whether Bitcoin can find a foothold in this, is a question that can only be answered with the performance of LN and application built on top of it.
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June 01, 2021, 12:43:51 AM
It's a gradual process, there's no need to rush. Enjoy whatever the industry offers now which is Bitcoin been an asset (store of value), this was the fastest way the attention it's getting now could have been achieved. As the industry continues evolving, we'll see all the initial idea of Satoshi come into existence.
Like other reply above mine has highlighted, there are solution been worked upon daily to bring about faster transaction and low fees. We have those that careless about the price and more on the technology of Bitcoin so be rest assured, a time will come when you can use your Bitcoin to buy cents of goods and make payment for service without having to overpay.
Already the lightening network is making that possible but with wider adoption and more uses friendly improvement, the issue if high fees will become a thing if the past.
Like other reply above mine has highlighted, there are solution been worked upon daily to bring about faster transaction and low fees. We have those that careless about the price and more on the technology of Bitcoin so be rest assured, a time will come when you can use your Bitcoin to buy cents of goods and make payment for service without having to overpay.
Already the lightening network is making that possible but with wider adoption and more uses friendly improvement, the issue if high fees will become a thing if the past.
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