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Author Topic: Why dump traditional payment options for Bitcoin?  (Read 1317 times)
clickerz
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October 18, 2016, 03:37:16 PM
 #41

i obviously agree that bitcoin as a payment option has great benefits, lots of which was mentioned in this topic but there is also a big problem and that is bitcoin is not yet ready for being used as a payment option because of the limitations and also the lack of adoption by the merchants.

As far as I know, more merchants are slowly adopting bitcoin as a mode of payment. Its already for several years had past and bitcoin have already proven its worth. Even big companies now have notice bitcoin,I hope so that in the future it is widely acceptable.

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amacar2
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October 18, 2016, 03:46:32 PM
 #42

We can also add some of benefits while accepting bitcoin for merchants;
1. very low transaction fee while accepting bitcoin payments than usual card payments
2. no problem of chargebacks
4. Also no any heavy expensive POS device is needed, you mobile / desktop bitcoin wallet can make you accept bitcoin easily


 
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krishna1
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October 18, 2016, 03:58:47 PM
 #43

its only because bitcoin is far more better than any other payment system and it is not just another payment method but it has a whole new technique to store and transact the money or so called numerical values (in programmincal language) it even has a public and private key feature which is not seen anywhere and its really and unique feature

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October 18, 2016, 04:48:36 PM
 #44

I am not going to edit or change the first post, because it's been quoted too many times and people might think that I want to change my

initial view after reading all of these comments.  Wink ... Some of them have merit, and some of them stink.  Grin ... The ones I likes the most,

has to be :

~ increased privacy
~ No Chargebacks
~ Lower setup cost for merchants
~ It's Open Source { decreased risk for malicious code and backdoors }
~ Alternative uses eg. Smart contracts / Store of value / Investment vehicle.
~ Hassle Free { No verification or KYC/AML regulations }

Let's add more reasons for 1st world country users to dump traditional payment methods and to swap to Bitcoin. We are literally a Bitcoin

Think tank at this moment.  Grin ... This is good.

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