HOW CAN BITCOIN BE ACCEPTED TO BE USED AS A PAYMENT METHOD GLOBALLY?

[Al-e_x]

certain. it takes a long time. because the process is not easy. In my opinion. we have to spread crypto first to the public. when many publics are enthusiastic about the crypto world. then the government will make a decision. at least the government will not ban crypto use for transactions.

[kateycoin]

In this case I think many circumstances need to look up before we used bitcoin as a payment globally although many merchants use bitcoin as payment some of need more ideas about bitcoin and they manage it as payment method.

[ballerin and giroud]

I think bitcoin will go there, but we have to go through several processes first. In its function, bitcoin has been used as a payment tool, such as in developed countries like Japan, even Japan gives a bold step because some of the companies there pay every employee with bitcoin. Surely, this will give a positive assessment as each company can take the same method.

[CryptoToxicAvenger]

High volatility is not the only problem of bitcoin, but it is one of the main ones. If we manage to solve them, the use of bitcoin everywhere will be very soon, it's true. I hope to live up to this moment and see a new digital future.

[arnelandvik]

In fact, it's unlikely I want BTC to be used worldwide. It was a good point that it would be better to use it between "real" holders. I mean that I'm very concerned about privacy, again(

[Mikwik]

I thought the same thing too. Because honestly, I want Bitcoin crypto currency to be accepted to be used as a payment method globally. I want Bitcoin because it is very convenient, fast and easy to use for some of my daily financial transactions.

[baghdatis1990]

             There are many countries where Bitcoin is not accepted as a payment method. The main reason is that Bitcoin and other cryptocurrency have a very high volatility, which is not necessarily convenient for chain stores. I think that when the Bitcoin volatility issue is solved, the currency can be accepted as a payment method.

[Nnedaddy1]

Bitcoin can only be generally accepted as a payment medium when all the various key technologies of the blockchain are improved on to enable it bring down value to everyday activities of the general public while supporting increased adoption rate.

[rosemary4u]

The volatility of bitcoin won't end anytime, I think we have to give more  time for more people to appreciate bitcoin and use in daily business transactions. At the moment, I believe some form of regulations can help make things pretty much stable than we have at the moment otherwise we shall experience more issues with the volatility.

[jonaire99]

Bitcoin should lessen its volatility first to become a global method of payment. Rapid fluctuation of prjce will prevent government and business sector from totally using it. I doubt if government can control's bitcoin volatility by means of regulation because it is a decentralized currency. Government or the central bank can only regulate the cryptocurrency exchanges where bitcoin is bought or sold because it is centralized.

[udidrone]

The volatility of bitcoin won't end anytime, I think we have to give more  time for more people to appreciate bitcoin and use in daily business transactions. At the moment, I believe some form of regulations can help make things pretty much stable than we have at the moment otherwise we shall experience more issues with the volatility.

Volatile can't be main problem if bitcoin want to adopted as payment. If seller want, he can immediately sell his coin after get payment from buyer. Main problem is people who still not familiar with crypto.

[Ezenwanyi1]

I think bitcoin can only be accepted as a payment medium when and if all various key technologies of blockchain are improved on .
That way the public could be able to derive valuin their everyday activities from blockchain which could spike up mass adoption.

[Shiversnow]

We do not know if bitcoin will be accepted as currency so its hard to know if bitcoin can also use as payment method. As long the developers of blockchain keep on improving bitcoin and other cryptocurrencies there is chance that it might come true in the future.

[avikz]

The volatility of bitcoin won't end anytime, I think we have to give more  time for more people to appreciate bitcoin and use in daily business transactions. At the moment, I believe some form of regulations can help make things pretty much stable than we have at the moment otherwise we shall experience more issues with the volatility.

Volatile can't be main problem if bitcoin want to adopted as payment. If seller want, he can immediately sell his coin after get payment from buyer. Main problem is people who still not familiar with crypto.

Volatility is definitely an issue and a bottleneck for mass adoption. However, the bigger issue is the government regulation. In majority of the countries, crypto currency is not a legal tender or there is no legal framework available for cryptos in those countries. That is the reason why a lot of merchants are not comfortable to accept cryptos as a mehtod of payment. The same situation will not change until the respective governments come up with a regulation plan. If we want to see mass adoption, regulation is the first thing that needs to be taken care of.

[teejayrichard2]

I think the first step to making bitcoin acceptable as a means of payment globally is if government all over the world legalizes its use. this will give confidence to traders, individuals and companies as they will openly without fear use it for payment everywhere they find themselves

[jessyj48]

It's still about choices ,some will still prefer fiat over digital currency for a very long time but bitcoin and some other altcoins are just making sense in terms of wiping poverty off face of the earth ,easier means of payment ,marriage on blockchain , airports own coin ,atms all over ,its making sense ,still have long way to go but its has been successful so far