MinerOfTheYear
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February 20, 2018, 07:25:37 AM |
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In fact, the Bitcoin payment system perfectly combines the qualities that would allow it to become ideal for settlements on the Internet. Its reliability is confirmed by the fact that payment systems such as PayPal have been recognized by the crypto currency.
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shezu007
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February 20, 2018, 07:35:34 AM |
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Payment system of bitcoin is possible and nearly to start in various countries soon still also there are few stores who are accepting bitcoin as a payment but not as popular still. As bitcoin can get more popularity then with time possibility of bitcoin as a payment accepting will also be increasing. But it will take some time to start.
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jonas5222000
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Activity: 476
Merit: 10
Student Coin
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February 20, 2018, 07:43:58 AM |
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i think it is good to use as payment method because its has secured system .you can bring it every where you go and for me the future of bitcoin will be successful and be board in other country,in my country bitcoin is getting wide they know it and they eager to learn more about bitcoin.
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jamiebear
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February 20, 2018, 07:52:32 AM |
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Well I think it is possible that Bitcoin be used as a payment system. Some countries are already using it as a payment form. May it be in a restaurant or some kind of other service.It is very convenient and has a secured system.
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Dannaey
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Activity: 468
Merit: 100
Experience the Future of DeFi
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February 20, 2018, 08:10:35 AM |
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Bitcoin concept is really great. That is why it's community continues to grow. But if we are going to use Bitcoin as a normal payment system today, I guess it wouldn't be effective and efficient now. Sending money instantly is one of the important things we need today. That is why technology is getting advance every day. In the case of Bitcoin's network today, I think we cannot achieve that instantly sending and receiving. So It depends on how the developer team will fix and improve the technical issues of Bitcoin. The future of Bitcoin lies on its platform itself. If it can possibly achieve what its objective, then many will use it.
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Jashhh
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February 20, 2018, 08:13:11 AM |
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recsoninlight
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February 20, 2018, 08:14:32 AM |
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I'm currently using Bitcoin now as a payment system to my work. This is what I love about making bitcoin as a payment system, if the price goes up your value of Bitcoin is also going up & vice versa. But I always being positive that BTC's price will go up  |
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assy
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February 20, 2018, 08:23:59 AM |
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Of course we will use bitcoin for payment, I think if payment is in a very large amount I will still use bitcoin but small payments like buying drinks and food will still use real money.
And to save I want to buy bitcoin so that one day can multiply fortune.
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Johnyfun
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February 20, 2018, 08:24:38 AM |
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BTC is still not at the stage that shops or any other place have start accepting BTC as a payment. But as bitcoin will show their performance more well in future and can get interest of BTC in future more and more then probability of accepting BTC as a payment will be increased more as compare to now.
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Hopeful2017
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Activity: 238
Merit: 10
Greentoken-invest in ecology
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February 20, 2018, 08:27:20 AM |
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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?  And how do you see it's future? Bitcoin is blowing up now. The price before has increased dramatically. In terms of payment system, I think bitcoin can't be a mode of payment in online shopping or in any other form. The problem in Bitcoin is the volatility in which the price changes from time to time. Companies would be taking risks because the items has stable price while bitcoin is not. Also, transaction fee is slower and higher in Bitcoin. |
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Rhudy199
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February 20, 2018, 08:39:03 AM |
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I think personally, we can use bitcoin as a means of payment but naturally do not let because BTC we forget the currency of our country ,,, and for us look forward to the future may be better if we equalize BTC with our currency as a tool to pay more easy again in the transaction 😊
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DoublerHunter
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February 20, 2018, 08:45:53 AM |
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Bitcoin is a good option for having another form of mode of payment because bitcoin does have a really secured network that will give you assurance that your transaction will be safely go to the receiver and that will give you a very comfortable experience but with the expensive transaction fees, it is now being problem to worry about for accepting bitcoin as a payment system.
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cryptojac17
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February 20, 2018, 09:04:49 AM |
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Bitcoin concept is really great. That is why it's community continues to grow. But if we are going to use Bitcoin as a normal payment system today, I guess it wouldn't be effective and efficient now. Sending money instantly is one of the important things we need today. That is why technology is getting advance every day. In the case of Bitcoin's network today, I think we cannot achieve that instantly sending and receiving. So It depends on how the developer team will fix and improve the technical issues of Bitcoin. The future of Bitcoin lies on its platform itself. If it can possibly achieve what its objective, then many will use it.
In term of payment I think there is no problem since block chain technology is reliable on that in fact in our country put some policy to protect users and operators our central bank is really appreciate BTC for being fast and economical in terms of remittances. The problem I have in terms of payment is the re alignment to some establishment in terms infrastructure and the volatality of bitcoin that would change prices every now and then. |
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Marinduque
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February 20, 2018, 09:19:02 AM |
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Bitcoin as payment system. Thats a good idea, i think bitcoin can be a good payment system. It is a good option for having another form of mode in payment system,bitcoin have a really secured network that give us assurance that our transaction will safely go to receiver .But in current state bitcoin is unsuitable for our everyday payment.  |
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Lyd
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February 20, 2018, 09:21:02 AM |
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Bitcoin was very well thought and designed and I think it will be able to be a payment method anytime soon
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mr.bitcoin2k17
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February 20, 2018, 11:46:07 AM |
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Almost useless, because of a high volatility and slow transactions
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HalfDeck
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February 26, 2018, 10:59:51 PM |
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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? And how do you see it's future? Bitcoin is blowing up now. The price before has increased dramatically. In terms of payment system, I think bitcoin can't be a mode of payment in online shopping or in any other form. The problem in Bitcoin is the volatility in which the price changes from time to time. Companies would be taking risks because the items has stable price while bitcoin is not. Also, transaction fee is slower and higher in Bitcoin. Because Bitcoin did not use as a primary payment method. It is simply just an optional for payment on some countries accepted Bitcoin like Japan, Korea, etc. and its market does not limit at some countries, its value depends on all users on worldwide and not easy to keep its value while many people want to earn profit through its volatility. |
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reynilynedago
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February 26, 2018, 11:20:28 PM |
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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? And how do you see it's future? bitcoim being a digital currency in nature, holds a lot of possibility and potential to change the transaction world as we know todyay. However, as long as bitcoin still has a very high volatility rate I am afraid we won't be able to see the future wherein bitcoin or a digital currency is the most prominent and is the most used currency. |
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Mjeramirez
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Activity: 132
Merit: 11
Streamity Decentralized cryptocurrency exchange
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February 26, 2018, 11:27:46 PM |
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Bitcoin has become a profit generating investment due to its value being volatile, very good for traders, but the original model is to use bitcoin as a currency, which right now is not being utilize effectively. I think the problem right now is that is value, as I said earlier, is very volatile, one of the main fundamentals of a currency is stability, this prevents or regulate inflation rate of goods and services. I think in order for bitcoin to be use as a currency, it should first be able to stabilize.
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Ricaking
Jr. Member
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Activity: 82
Merit: 3
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February 26, 2018, 11:30:44 PM |
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For me, using bitcoin as payment is good. We dont need to leave the house when paying, it could be more convinient to us. It is also very useful like if your in out of town you dont need to bring cash or you dont need to go to a foreign exchange to exchange your money to their currency. But as of now, not all establishments accepts btc. So hopefully someday when btc becomes available everywhere, to used btc in payment system is a good idea. I wish someday it will be.
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