Bitcoin as a mode of payment

[Jessica2009]

          Bitcoin as a mode of payment  method you need a developer so that the payment will automatically change to fiat currency. Due to poor security Bitcoin if hacked you may lose the entire wallet money, to over come this invest a well known processor so it can protect against attackers. Bitcoin market value may be fluctuating to avoid this convert Bitcoin to fiat currency at the time of transaction . Due to anonymity Bitcoin has mistaken as illegal that most of the businesses likes to avoid anonymous payment benefits vendors who sell digital products.

[Lorna t]

  Bitcoin is really a good payment but we can not deny that the fact that it is very risky is what you're paying for with a pitiable price correction a huge price down! You are really incurred loss you can also get the start profits from it there is a huge increase after receiving a bitcoin payment so you have to be ready to accept whatever consequence I have to choose bitcoin a payment  mode .

[TUGUANL]

Bitcoin payments are not currently common, but I believe Bitcoin will accept and support more and more people in the next few years.

[Merjay18]

Bitcoin has a freedom in transfering which means you can absolutely transfer your money to anyone in this Earth as long as he has a Bitcoin wallet and that's really awesome . Even that's the way crinimals use to make the transaction.

Well its quite a good idea,but I dont think that will be that soon.on my own opinionit it will be nice less effort and time consumption but i dont think many establishments will cater such mode of payment.If this will happen I just hope that the transaction fees will not that big and affordable for future users.

[SnapDown22]

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 is true what you convey but in my country the government still prohibits bitcoin as a legal means of payment to conduct buying and selling activities, but in the future maybe it can happen

[Chachacoin17]

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 is true what you convey but in my country the government still prohibits bitcoin as a legal means of payment to conduct buying and selling activities, but in the future maybe it can happen

It can be possible, but it takes time. It also depends if it will be accepted in some parts of the world, because its not denying the fact that its legality is by territory. It has been approved by other countries while some have banned it. If it happens it would make transaction easier and faster.

[gonlavy]

yes it can be a good system of payment ....
it is more easier to get payment than other currency.
it is faster than other online currency and secure also.so i think bitcoin can be more profitable as a system of payment than other system.

[niisarearning]

I think it will happen but in the future when  the bitcoin is accepted in many countries. Not all people use it and the disadvantages is not all country has a free internet access. Some countries has a free wifi, its easy for them to use it but how about other countries who live in the rural areas.

Its not only about internet acces bitcoin still using as a asset becuase of its high price speculation we cant pay in bitcoin anywhere either merchant will be profitable or customer will profitable in same day latest price chart showing 1000$+ fluctuation happening in one day so people will not use bitcoin for payment in any matter.

[qwertyup23]

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.

This depends on the wallet provided you have in your country and also subject to the existing laws. Fortunately, the Philippines has a cryptocurrency wallet used by most Filipinos and there are options where you can convert your coins to various options, such as for online games, monthly utility bills, transportation fees, or through bank deposits!
The problem with bitcoin used as a payment is its slow transaction fees in the blockchain. There are also mining fees where you are obligated to buy and it may get out-of-hand when prices of bitcoins suddenly skyrocket (which what happened last year).

Bitcoin payments are not currently common, but I believe Bitcoin will accept and support more and more people in the next few years.

It will be accepted but be open to the possibility that it may also decrease depending on the prohibitions imposed world-wide. If on an international scale they prohibit the utilization of such, expect services to be eliminated slowly.

[shawn995]

Bitcoin as a method of installment strategy you require an engineer so the installment will consequently change to fiat money. Because of poor security Bitcoin if hacked you may lose the whole wallet cash, to over come this contribute a notable processor so it can ensure against assailants. Bitcoin showcase esteem might vacillate to stay away from this change over Bitcoin to fiat money at the season of exchange . Because of secrecy Bitcoin has mixed up as illicit that a large portion of the organizations likes to maintain a strategic distance from mysterious installment benefits merchants who offer computerized items.

[saiful1234]

Bitcoin is a really good payment.It's very profitable.A lot of people think of bitcoin as an investment and very few people regard it as a form of payment.

[saiful1234]

Bitcoin is a really good payment.It's very profitable.A lot of people think of bitcoin as an investment and very few people regard it as a form of payment.

[bhabygrim]

Yes it sure is a great way to pay for someone who is far from you to pay for your online transactions,
I am using it whenever I am having an transactions with my online friends,
It is much more greater than going outside and paying it on some money remittance it is saving much more time.

[Runonwaves]

This is a convenient method of payment, mainly while on the Internet, but it will soon capture the world 

[Hopeful2017]

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 is a good method of payment because it is worldwide accepted one. Likewise, it will be easier to send and receive and cash it out. It will be a benefit for the receiver but for the sender, the company or any institutions, it will be difficult. They need to cover the high amount of transaction fees and others.

[adamdamdandusen]

thanks to Bitcoin Lightning Network it will be! i guess we need urgently BLW 

[samiul12]

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’s first appearance, there has been a dispute in which many argue that bitcoin is simply a new payment method rather than a currency.There is a limited, but growing amount of online vendors who accept bitcoin as payment. And if you look at it that way, bitcoin can perfectly be considered as a payment method.

[Dudeperfect]

Exactly and the core principle of Bitcoin states that it is a payment system having some more benefits as compared to that of a traditional payment system. However, Bitcoin is still in its development phase and there are some issues like high transaction time and fees. It is kind of obstacle in using Bitcoin in the offline markets, especially for the microtransactions. However, we should see Bitcoin as a payment system instead of a speculative instrument in the first place.

[rainezerr]

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 as a mode of payment is good because the price of everything you are interested to purchase will be a lot more cheaper rather than using fiat that has stable price in the market plus the tax that are being placed by the governments.

[brickafterbrickwalldpt]

I wouldn't be surprised if more freelancers than companies were accepting Bitcoin as a form of payment. One of the biggest problems is that Bitcoin is not regulated in many countries so people have problem with taxing it. There are some companies which take care of it but they later pay you in your local currency. Unfortunately many people prefer to keep their bitcoins and don't spend them because they believe that it will have much higher value in the future. Can you imagine spending for example 0.001 BTC for a coffee which could be later worth thousand dollars?