Bitcoin As a Payment Method Against Other Payment Network

[GeorgeJohn]

From that statement we can know that Bitcoin can be used as a payment method in all business. It can compared with another payment network like Paypal, Visa (Mastercard), etc. Musk showed us cryptocurrency is really The Future of Business.

Elon musk now adopting the fact that cryptocurrency can be use for payment in all ramifications of life via business transactions, really it's a welcome development in cryptocurrency industry, and if that really stand firmly that means it's assurance for long existence of bitcoin is there, and is not going to be unknown to people who have not acclimatized with the concept of BTC.

Another fact is that Bitcoin using as a means of payment will enhance serious regards to cryptocurrency generally not to be specific to a particular coin's, so that shows that any other coins can be use for such transaction of payment also.

[so98nn]

Tesla? Well they accept DOGE now. 

However, irrespective of that news up there I believe bitcoin is still interesting currency and way of payment. Though Tesla do not accept the bitcoin payment then also it changes nothing.

We must understand that Tesla is just one of the many companies which used to accept payment. They don’t run bitcoin so it’s not negative news. It’s just that it took little downturn due to this news and I believe we are now settled for it one more time.

BTC will have more payment processors worldwide as we advance in terms of transaction speed and operations.

[sapnu]

We all know bitcoin is way much better form of payment than any other existing right now. As long as a certain business or even a small establishments accepts it as a mode of payment, convenience and taxless experience is guaranteed. For Tesla's case, even though it has already removed bitcoin as a payment method, nothing will change on how it works for other companies. Indeed the price was affected but sooner or later it will once again recover for sure. It would be best if we start investing on bitcoin as soon as we can so that when the time comes that almost everything is accepting it as a payment, we have a lot on hand.

[Shenzou]

The only probelm that i have with bitcoin as a payment method are the payments, when the bitcoin raises in price we see the mining fees go through the roof, how do you excpect someone who wants to use bitcoin to pay for a 10 dollar item on the internet and has to pay 50% of that in fees in order to get his transaction done, now don't get me wrong bitcoin works for transactions with large amounts but for the day to day shoping and transacting it is still has a fundmental issue that needs to be addressed.

[LeGaulois]

As long as a certain business or even a small establishments accepts it as a mode of payment, convenience and taxless experience is guaranteed.

Total shit! Have you ever used Bitcoin or have any ounce of education?

Since you talk about Tesla, do you think if a day you buy a car and pay it in Bitcoin you won't have a tax to pay?
Hello! Did you know there is something called VAT?

Do you think if you're paid in BTC you don't have a taxable income to pay?
Santa Clauss isn't real FYI.

Do you think if you invest $x,xxx and make a 200% ROI you don't have a tax to pay?
Did you know there is something called capital gains taxes?

You're born yesterday, or? Nah I know it's all about cheating taxes by not reporting any income/capital gains, etc related to crypto.
It's always funny to see people complaining about how their country is bad in economy, has shitty infrastructures, not enough hospital, and complaint about it.... But love to cheat the money needed to run their own country

[Kong Hey Pakboy]

The only probelm that i have with bitcoin as a payment method are the payments, when the bitcoin raises in price we see the mining fees go through the roof, how do you excpect someone who wants to use bitcoin to pay for a 10 dollar item on the internet and has to pay 50% of that in fees in order to get his transaction done, now don't get me wrong bitcoin works for transactions with large amounts but for the day to day shoping and transacting it is still has a fundmental issue that needs to be addressed.

Totally agree, you don't want to be buying for a 10 dollar item with 20 dollars as a total payment, I think that bitcoin's ever changing payment is what makes it hard for bitcoin to be adopted as a payment besides the occasional network congestion. Maybe we don't have to worry about the small transactions right now, pretty sure that people are going to find a way to deal with it.