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Author Topic: Bitcoin as a mode of payment  (Read 4289 times)
netflixnchill
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November 15, 2017, 09:14:40 AM
 #161

For me, bitcoin is great when it comes to transactions. I can say that it is really secure. It is also super fast! And you being anonymous in paying is a bonus! You can also exchange your bitcoin into cash if you have any concerns on paying using the bitcoin itself.
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November 15, 2017, 09:35:51 AM
Last edit: November 15, 2017, 01:11:05 PM by dharnamonitor
 #162

Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.


It will definitely be a good mode of payment it will be better than online payment services like pp because bitcoin is more secured compared to other online payment services, no ban, no account suspension and no verification needed because you are the one holding your own wallet, you are in control with it but the problem is the higher transaction fee for every transactions. It is not advisable to use it as micro payment unless the payer would put it all in one transaction

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November 15, 2017, 10:21:02 AM
 #163

It would be a good mode if payment if ever , it's a hassle free transactions specially on internet buying like lazada and amazon. But there might some future problems because bitcoin's price isn't constant that it's value is high and low.
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November 15, 2017, 10:30:06 AM
 #164

Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.


Bitcoin is easily for better transaction and a way of good payments. Even what kind of currency it is, bitcoin can adjust. In this cryptocurrency you will find ways. By your own wallet you can easoly detect or even pay bills in any kind of matter. An easy way of having a good transaction.

CryptoPablo
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November 15, 2017, 10:32:16 AM
 #165

More and more countries except Bitcoin. One can pay for a lot of services in Japan.
Bitcoin is a future.
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November 15, 2017, 10:32:35 AM
 #166

Yes I really like the idea of bitcoin as a mode of payment instead of using dollars or any Fiat,
I like to hold my earnings through bitcoin and watch as the price increase.
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November 15, 2017, 10:49:55 AM
 #167

Here in our country, people have the option to pay their bills through bitcoins. It is very convenient because even at home you could pay electric bills, send money to your relatives,buy load and much more. Hope in the future these kind of transactions will implement.

pinoyden
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November 15, 2017, 11:15:57 AM
 #168


Yes Bitcoin payment is fast and has a minimal service charge but usually no additional charge.
Aside from that bitcoin transactions does not need to give full information and so much papers to be filled up and no need to present valid ids.

i guess no. bitcoin is not fast rather it is super slow when doing any transactions whether its incoming or outgoing and  it does not have a minimal service charge rather the transaction fees are friggin expensive as the bitcoins value keeps on increasing. though i think the only advantage of using bitcoin is because its anonymous and wont requires you too much information unlike any other payment methods.
KesoNie
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November 15, 2017, 11:50:53 AM
 #169

Yes I really like the idea of bitcoin as a mode of payment instead of using dollars or any Fiat,
I like to hold my earnings through bitcoin and watch as the price increase.
I liked also the idea that using bitcoin as a mode of payment will be less hassle, less worries and more safe compared to fiat. Well I think this because here in our country carrying a cash or fiat is unsafe and sometimes dangerous. For me its safe because I wouldn't be able to carry cash anymore when I'm about to pay my bills.
seandiumx20
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November 15, 2017, 12:01:51 PM
 #170

Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.

There are many platforms that has been created to buy online things via bitcoin. You can buy personal things for your home and other appliance and also can buy in-game items using bitcoin. Bitcoin spread worldwide so some platforms use bitcoin for their payment.

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November 15, 2017, 12:02:52 PM
 #171

Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.

Im also comfortable being paid via bitcoin over other payment processor such as paypal that is commonly use in freelancing industry. It doesnt need to expose your identity or needed a bank account. And the fact that you are being paid in your job and you have a chance to make profit with bitcoin by just holding it.

alfs75
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November 15, 2017, 12:08:24 PM
 #172

Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.

Yes thats true,that is nice to used bitcoin as a method of paying in bargaining merchandise ,thats why most of the product in other countries the transaction is paying bitcoin,like example when you buy a virtual reality product or games cards in steam you must buy there tokens or altcoins before you can get the items.this kind of idea was so great!we hope that someday it will be applied in our country.

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CoinStalker
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November 15, 2017, 12:11:18 PM
 #173

Transaction fees still too high for using bitcoin small amounts of payments. This is the big barrier for bitcoin

Boov
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November 15, 2017, 12:39:43 PM
 #174

Yes I really like the idea of bitcoin as a mode of payment instead of using dollars or any Fiat,
I like to hold my earnings through bitcoin and watch as the price increase.
I liked also the idea that using bitcoin as a mode of payment will be less hassle, less worries and more safe compared to fiat. Well I think this because here in our country carrying a cash or fiat is unsafe and sometimes dangerous. For me its safe because I wouldn't be able to carry cash anymore when I'm about to pay my bills.
I agree with this insight. Well of course carrying fiat while on street is quite dangerous because snatchers are found almost everywhere like here in our country, so to the idea of using bitcoin as a mode of payment I would be glad. Atleast it is less burdened on my side plus the factor of being secured then ill prefer bitcoin over fiat.
tmawheba
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November 15, 2017, 12:44:54 PM
 #175

If we practically approach to pay through bitcoin is not going to happen in widely as people has to more familiar about Bitcoin and it has to be user friendly then only payment mode will be in Bitcoin. For this we have to wait more few years, ofcourse it is going to happen.

Traslavin
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November 15, 2017, 12:45:48 PM
 #176

Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.


Bitcoin is easily for better transaction and a way of good payments. Even what kind of currency it is, bitcoin can adjust. In this cryptocurrency you will find ways. By your own wallet you can easoly detect or even pay bills in any kind of matter. An easy way of having a good transaction.
I guess its true that bitcoin is a good mode of payment in bills,even in resto or even in grocery store and many more. Well, it will be good if it will become legally applied here in our country. And I'm personally expected this time to come even though this time bitcoin is going through hard times to be legally applied.

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November 15, 2017, 12:52:24 PM
 #177

I don't think governments will just allow it. They need the instrument to watch over people's transaction.

sicparvismagna
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November 15, 2017, 01:04:26 PM
 #178

As of now only few selected areas here are entertaining bitcoin in the country. But if it would be great as a mode of payment imagine paying your bills even online you can pay your bills at ease at home or even anywhere as long as you can connect in the internet and also it would provide safety and assurance to you and your love ones you can make a lot of shopping at home at ease. Everything will be much more comfortable for you.
Kaller
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November 15, 2017, 01:13:41 PM
 #179

Bitcoin as a mode of payment right now is not what it is meant for. I'm tired of reading people complain about fees and using the Bitcoin network right now. It is not meant to be a medium of exchange right now. It is not at the point in it's scaling process. It is still in it's store of value stage and that is just where it needs to be right now. The world needs censorship-resistant settlement network, not a payment network.
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November 15, 2017, 01:16:35 PM
 #180

I have not tried it yet, but it's a good idea we're asking for a fee by using bitcoin, and we get 2 times as much profit as we sell it.
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