Which will be more adopted in long run: btc mobile payments or debit cards?

[randy8777]

I think btc mobile payments is already started to get adopted and even i uses it a lot. But there is lots of obstacle bitcoin has to cross to get more adaption on debit cards and bitcoin ATM.

mobile payments are the future in general. i do everything with my mobile, especially now stores are upgrading their hardware to allow contactless payments. the more physical stores accept bitcoin, the more adoption we will get for mobile bitcoin payments.

[xuan87]

In a long run people will choose btc mobile payment, i think using btc mobile payment is far more convenient and efficient to buy things

and it is for all age user unlike debit card you need to provide a lot of document to open a bank account

and the best thing about using btc payment is anonymous, you can buy whatever things you like

and with btc you can make a better money planning

[tom555]

lets be realistic,for now debit card have more users than bitcoin mobile. but many expert predict that bitcoin will take over debit card,and bitcoin will have more users than debit card.
my own self is still wondering about this,because bitcoin for now is unstable.

[pereira4]

It fully depends on what people find more convenient, and as long as people aren't getting paid in BTC, I think daily usage of BTC specially in in real-life scenarios will remain rather rare, because people is too lazy to convert their wage into BTC and then spend it. Of course I know there are some system where the conversion will happen automatically, but im not sure about people seeing a point on this. The main point of BTC is being your own bank, and this requires that you get paid in BTC for an ideal scenario. Then BTC beats all forms of money ever.

[acroman08]

im gonna go with bitcoin, but only if bitcoin have
big advertisement and be known to any local and abroad
and if the price is stable bitcoin mobile payments will be adopted in the long run.

[johnyj]

You can pay with bitcoin mobile payment, but I guess most of the people will not do it unless their coins have rose 10X in value. And even their coins have appreciated a lot, smart people might still like to spend the depreciating fiat money first, unless they don't have any income in the form of fiat money at all

Typically a bitcoiner will spend his coin and recharge same amount of coin immediately after consumption, which makes the whole process of spending bitcoin much more complicated. You better skip that spending altogether and using exchange to cash out the bitcoin in small batches when the price is more favorable

A possible place that you would prefer to spend bitcoin is when you are traveling abroad, in those occasions, spending bitcoin is not any different than spending any other foreign currency, it always involve a currency conversion. If you can directly spend your bitcoin then you don't need to pay the conversion fee, the conversion to local currency will be done by local merchants instead, and they might select to hold bitcoin as reserve

[LFC_Bitcoin]

I'd like to think both will be used if/when we gain mainstream adoption. I can't say which will be more popular but both should be an option as older, less tech savvy people probably won't be comfortable making mobile payments so debit cards should still remain an option too.

[BellaBitBit]

definitely mobile payments.  I agree with above posters that it is the future.  Much easier than debit.

[chennan]

You can pay with bitcoin mobile payment, but I guess most of the people will not do it unless their coins have rose 10X in value. And even their coins have appreciated a lot, smart people might still like to spend the depreciating fiat money first, unless they don't have any income in the form of fiat money at all

Typically a bitcoiner will spend his coin and recharge same amount of coin immediately after consumption, which makes the whole process of spending bitcoin much more complicated. You better skip that spending altogether and using exchange to cash out the bitcoin in small batches when the price is more favorable

A possible place that you would prefer to spend bitcoin is when you are traveling abroad, in those occasions, spending bitcoin is not any different than spending any other foreign currency, it always involve a currency conversion. If you can directly spend your bitcoin then you don't need to pay the conversion fee, the conversion to local currency will be done by local merchants instead, and they might select to hold bitcoin as reserve

Yeah that's a very good point regarding people wanting to hold bitcoins for their increase in value. I guess what I was assuming is that if you were to find a an asset backed debit card company you could trust, you could essentially store bitcoins on your debit cards "account", and as the value of bitcoins go up, the more purchasing power with fiat you have on your debit card. But since you would hav to trust that whichever debit card company to not steal your bitcoins, and the fact that you wouldn't be in complete control of them, would turn a lot of people off from doing something like that. Guess I now just realized that.

[sahliano]

Btc mobile payments will do the trick because no one forgets to bring his phone when he comes out

[rinhunter]

I think mobile payment, it is very easy and instant in making payment. But if it is lost? It should be considered.

[Hellacopter]

I think in the near future the BTC mobile payments should be more adopted in long run, than the debit or credit cards, simply because it's simplest way to pay online without complicated transactions.
This need waiting for some time but i think Bitcoin will be the first payment processor soon

[coinpr0n]

There will have to come a second wave of Bitcoin mobile wallets once the infrastructure for scaling is laid down (eg. Sidechains and/or Lightning Network) ... This second wave of wallets will be aware of other payment options and will choose the best one or let you choose (if the merchants offer many different options). New merchant software and maybe hardware will also have to be developed. QR codes might still be an option, but most phones will probably have something like NFC eventually.

[italianobitcoin]

I do think that mobile payments will be adopted faster rather than debit cards

It's the easiest thing you can do with bitcoins, to pay with your mobile.

It's fast and it's the first thing you can pay with in shops

[tiggytomb]

Mobile payments are big news right now, they are being pushed heavily in the UK by apple, it makes sense as we are all looking for the easiest way to do things and paying via your mobile is the obvious choice.  Debit cards have been around for ages and are outdated compared to mobile payments.

[Mr. Forum]

 have not yet applied the debit card for bitcoin since i do not want to spend more on the coins i have. Personally, I do think that when that bitcoins will have hit the market with much pressure, we will see banks emerging and this is the time where the debit card for bitcoin will be required. That moment where you have a bank that has specialized in transacting the bitcoins. For now, it is easier to adopt the btc mobile payments.

[btckold24]

well this is easy. Unfortunately debit cards. Its tied to the banks and bitcoin is a niche product.
Believe me visa / mc wont let it happen

[bitlancr]

well this is easy. Unfortunately debit cards. Its tied to the banks and bitcoin is a niche product.
Believe me visa / mc wont let it happen

Yeah true, this is why I went for mobile payments. There are a bunch of stuff connected to debit cards and banks, which could work with bitcoin but I would rather not see that happen. It would always work in the favor of the bank and not for bitcoin or it's users.

[TastyChillySauce00]

ofcourse debit cards, almost merchant around the world accept it, and mobile payments still rarely used
another benefit of using debit card, you can verify your paypal, and skrill too which is popular for payment proceccor

[Velkro]

I think bitcoin will have its own areas where it will shine, like international transactions, on airports etc it will be a must. No need to conversion whatsoever.