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Author Topic: Bitcoin as payment system  (Read 5963 times)
Rinzo
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April 09, 2018, 01:44:04 PM
 #1121

if bitcoin is used as a payment system, it will create market value and stability.
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Coinnosaurus
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April 09, 2018, 03:20:16 PM
 #1122

There are some problems that are stopping growth btc as a payment system. Bitcoin’s scalability is being hampered because it is too slow and expensive relative to more conventional payment processing platforms
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April 09, 2018, 04:29:25 PM
 #1123

I think, bitcoin can not be used as a whole payment system because not all places can accept bitcoin and need internet access to be able to use it and there must be many changes in various places.
Yes because bitcoin is the digital currency that we use most of the time for online digital payment system gradually bitcoin features are coming out that we are noticing and we are earning profit. For me It is very easy to use bitcoin as payment as now everywhere internet is available and it is very easy to pay for everything related to our life with bitcoin, I hope in future bitcoin will become the one and only currency that will have high value and fast transaction, so bitcoin is going to be the new payment system for our new generations.
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April 09, 2018, 04:30:35 PM
 #1124

In my opinion, bitcoin has already proven that it’s peer-to-peer payment system could wholly replace all known to man centralized forms of payments. Once the issue with Bitcoin’s scalability is resolved, we should see increased confidence in the coin as well as surges of its price
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April 09, 2018, 04:36:40 PM
 #1125

In my opinion, bitcoin has already proven that it’s peer-to-peer payment system could wholly replace all known to man centralized forms of payments. Once the issue with Bitcoin’s scalability is resolved, we should see increased confidence in the coin as well as surges of its price
many have made bitcoin as a payment system, but some countries find it difficult to do so. because it is, until now, still done the development of this technology. I think this will work out soon.
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April 09, 2018, 05:40:20 PM
 #1126

We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.

How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?  Undecided

And how do you see it's future?


the future of the bitcoin can not be seen, because its development is up and down is not clear. then it's better to be patient and do not complain about all this.

Topaz72
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April 09, 2018, 07:22:05 PM
 #1127

Bitcoin as a payment method is a very good idea, but there are some small issues which is the transaction timing and the fees for the the transaction is a hidden cost that might need improvement
Bitcoin as payment system is an instant service with the help of which you can pay for you transactions from long distance in very limited time. The transaction cost is either very low or affordable than the other services offered by banks and other agencies.  So Bitcoin as a payment system is of great use and Bitcoin itself has a promising future which will attract huge investments.
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April 09, 2018, 08:09:56 PM
 #1128

Bitcoin was a big help to everybody by using it as a payment system,we cannot be hassel to pay our utility or any bills in any payment center.Just using our internet connections and a fund of bitcoins in our wallet.I know crypto has a brighter future because it can be sustainable to everyone of us.
MCJamison1987
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April 09, 2018, 08:15:07 PM
 #1129

it will grow bigger in the future
Ravenangel
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April 09, 2018, 08:25:03 PM
 #1130

BTC as a payment service will add lots of value to peoples lives, with it there will be ease in making payments over a long distance safely and fast. the fact that BTC is border-less, people will be able to acquire goods and services from all over the world with ease

Bitcoin to the moon
ahilees palu son
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April 09, 2018, 08:30:17 PM
 #1131

I am not sure about that but i think that Bitcoin-based payment system will be used on more fields and its usage will increase day by day.I don't think that Bitcoin will fail that easy, maybe other cryptocurrencies can but not Bitcoin.
Dotakels
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April 09, 2018, 09:19:57 PM
 #1132

We can do this type of payments since our technology is rapidly fast growing but it takes years or months that stores or any kinds of establishment will accepts bitcoin as payments there are few of them but not much as you think.
emanjun
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April 09, 2018, 09:42:48 PM
 #1133

We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.

How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?  Undecided

And how do you see it's future?


Bitcoin is good in terms of financial services so I would totally agreed if bitcoin would be the new payment system. We all knew that bitcoin can make transaction faster at a low price then even payment will do. Transactions and payment is just similar but differ in idea. It is a big advantage for those user's of bitcoin if it will become a payment system because we can pay easily and less struggle. Unlike hand to hand system a lot of inconvenience will happen to you.

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April 09, 2018, 09:48:02 PM
 #1134

Using bitcoin as a payment system has no doubt made things to be processed with the speed of light. That alone is enough reason to incorporate bitcoin as a payment system in any transaction. Thanks

cordlesslake
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April 09, 2018, 09:52:28 PM
 #1135

I read several times in this forum and I agree that the bitcoin would not be a valid payment instrument also because of its high unit value that would oblige to price everything in decimals.
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April 09, 2018, 10:25:11 PM
 #1136

In my opinion it is possible. Now more and more people buy bitcoins, and more and more people recognize bitcoin value. In Japan more merchants accept bitcoins. think in handy future BTC will be part of life for everyone
cybersofts
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April 09, 2018, 11:09:25 PM
 #1137

We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.
How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?  Undecided
And how do you see it's future?
There is no doubt Mr. Satoshi wanted to change the world by changing the money first,
but when the bitcoin came out it has two very definitions as we all know, which are:

1. A digital currency (money)
2. A digital store of value (asset)

The major reason why people are HODLing bitcoin is due to the bitcoin limited supply.
The demand is what determines the bitcoin price in the market when the supply is low the price gets higher and HODLers makes money. 
   
Bitcoinnumberone
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April 09, 2018, 11:11:27 PM
 #1138

Not sure, but i think that BTC will not blow up near future. Guess, 2018 will bring us a huge growth of Bitcoin Roll Eyes

like what number? =)


There are some stores which accepts bitcoin as payment. But it is not widespread. I guess those are just storeowners who wanted to have bitcoin. But this is really a good idea. Convenient also to bitcoin users.
Suffoc8
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April 09, 2018, 11:13:20 PM
 #1139

We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.

How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?  Undecided

And how do you see it's future?


If bitcoin become the new payment system then probably the people will love it, because as far as I know human loves to live in faster and easier ways so that bitcoin is being made for us human to have a easier way of living.

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faceoff97
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April 09, 2018, 11:15:19 PM
 #1140

Bitcoin will only be used as a form of payment when partnered in different kind of institutions. In my country it was possible through the integration of a local wallet app allowing bitcoin become accepted as payment for different good and services. Some universities actually accepts it as means of oaying. The simplest way to use it is buying it for prepaid load.
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