There are many benefits to using Bitcoin as a payment system. This article will discuss the advantages for buyers and merchants to using Bitcoin as a payment system, and it will also discuss escrow services, the future of Bitcoin in commerce, potential drawbacks, and a summary on the benefits.

Bitcoin offers many advantages over traditional banks. It allows sending payments internationally without concern for currency conversion, it allows transaction confirmation within 10 minutes typically, and transactions cannot be reversed once made. This side can be seen as a positive or negative.

There have been security improvements since its inception, which make it safer to store coins when large companies hold extreme amounts of funds, and also for buyers. The Bitcoin network and blockchain is very secure with a great deal of computing power working to secure it.

 i think it bitcoin can be  good payment system and payment gateway.there is no need third party to transfer your money.its peer to peer and safe.so it grow good payment system.

bitcoin sure for $ one million for sure in 2020.short term goal for 20000 usd in march 2017.

The real threats to a government with regard to the use of a cryptocurrency is the governments ability to collect taxes on transactions, and law enforcements ability to fight crime transacted in a said cryptocurrency.

Fact is many people are still unaware of digital currencies and Bitcoin.
People need to be educated about Bitcoin to be able to apply it to their lives.
Networking is a must to spread the word on Bitcoin.
Businesses are accepting bitcoins because of the advantages, but the list is relatively small compared to physical currencies.
Companies like Tigerdirect and Overstock accepting Bitcoin as payment is great. However, if they do not have a knowledgeable staff that understands digital currencies, how will they help customers understand and use Bitcoin for transactions?
The workers need to be educated on Bitcoin so that they can help the customers. This will definitely take some time and effort. Otherwise, what is the benefit of such large companies accepting Bitcoin if its staff doesn’t even know what digital currencies are?

yes you can earn bitcoin with twitter facebook youtube etc..by permoting the alt  coins and campaigning .so there are many way to earn in cryptocurrancy trading.

buy bitcoin is good for investment as is growth is 1000 time then gold.

people take some more time to understand cryptocurrancy.beacuse it some typical then other currancy like forex.but day by day people are more interested in bitcpon and altcoin trading as is return 1000 times of its investment.

its not too late for bitcoin its prizes may 20000 usd in march 2018.its not too late.as anyone can buy today

 dear friends...Bitcoin is a cryptocurrency and worldwide payment system.It is the first decentralized digital currency – the system works without a central repository or single administrator.The network is peer-to-peer and transactions take place between users directly through the use of cryptography, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

U.S.A

Overstock.com, an online U.S retailer, has started accepting bitcoin as of January 9, 2014. However, the CEO of the site initially said that the company will accept bitcoins as payment in around June 2014. Regardless, this is the first major U.S e-tailer that will allow the customer to pay by virtual currency. Honestly, this could be a publicity stunt to call attention to the website, but it could also be a way to attract new customers.
Either ways, the CEO’s decision does increase support for the Bitcoin since this means that a huge online retailer is accepting digital currency. It also shows that the Bitcoin is slowly becoming main stream in a very short amount of time, and people are becoming more aware of the potential value it will have in the future.
This retailer may be the first major one to accept Bitcoin payment, but it is highly likely that more will follow suit very soon.
The Bank of America has stated that Bitcoin can potentially become a “major means of payment for eCommerce” and can also become competition to money transfer providers. It is rather interesting that a bank is expressing a positive opinion of Bitcoin and it shows that Bitcoin is gradually receiving wider support.
However, the bank further stated that if Bitcoin gets too big, the government might have to do something about it. This is not necessarily a concern, but it is definitely something to think about.
Sacramento Kings is the first U.S based sports team that is accepting Bitcoin. With this, the dynamic coin makes an entry into the sports world; we can imagine it’s here to stay.
Sean’s Outpost, a homeless outreach program, accepts donations in Bitcoin.
United Kingdom

Loudwater Estate Event Center, a wedding venue service in England, now allows payment in Bitcoin. Now you can even pay for your wedding in virtual money!
eBay U.K is allowing customers to sell bitcoins and other digital currencies.
Space Travel

A space company by the name of Virgin Galactic is actually accepting bitcoins for people to travel to space.
One person has already purchased a ticket by using bitcoins and the company expects more to follow suit. This, I think, is very amazing because who would have thought a few years ago that one could use digital currency to go into space?
Richard Branson calls Bitcoin futuristic and links it to forward thinking. This tactic is quite intelligent; allowing payment in Bitcoin will allow a new batch of consumers who do not have enough USD to instead use bitcoins to buy a ticket to space, and it will also raise bitcoins’ value.

Canada

The Bitcoin Foundation Canada educates people on what Bitcoin really is. Community building events are held as a way to increase awareness of bitcoins.
 In addition, the very first Bitcoin ATM was installed in a coffee shop in Vancouver. This innovative ATM allows bitcoins to convert to Canadian dollars and vise-versa.
Many more Bitcoin ATM’s have opened up in Canada following the first.
Quantum Properties, a real estate firm, has started accepting bitcoins as payment for properties

Bitcoin is to  be hold till 2018 December, as market scenario is pointing BTC to next heights.. maybe 50000 USD in a year..