Bitcoin as payment system

[diickydbo]

Its not a good idea for me. We know already that bitcoin at this moment have the highest transaction fees and it has a slow transaction speed yet we are asking this question. It will happen only if lightning network is release (maybe) and instead of bitcoin, why don't you use other altcoins with high transaction speed like litecoin, dogecoin etc.

[19nataliya12]

Before BitCoin became a popular trend, the following events occurred. People who saw all the risks to which all money and values ​​are exposed, tried to develop a new type of currency, protected from the main threats. We started working on this in 1998.

In 2008, the creator of BitCoin himself described his offspring, sending letters to his subscribers. It turned out to be a crypto currency, not regulated by anyone absolutely, no individuals and banks. Previously, a book was written about such a currency, but at the time of its writing this currency remained just a dream. Now the dream of an unregulated crypto currency has come true!

And in 2009 the first small amount of the new currency was generated by the application, 50 bitcoins. At that time, the cost of the crypto currency was 700-1600 bitcoins to 1 dollar. Today, the cost of 1 bitcoin (one coin) is from 200 to 1000 dollars! In the same year, it was possible to transfer bitcoins to one user by another.

Today, the crypto currency - the electronic currency BitCoin, digital money of a new generation - is widespread in all countries of North America, practically in all countries of Europe. BitCoin users are people from different countries and continents - the popularity of crypto currency is not only not falling, but has been growing for a long time already!

[last7minutes]

It is good since it will make the life of the people easy and way better than before. With bitcoin I can pay my bills without falling into a line.
Therefore I can save more time and money with this

Although operations with Bitcoin last longer than the same operations with the fastest altcoins,  for me it is still the most reliable cryptocurrency. As for the payment system, it is also great: safety and convenience.

[raahi]

Bitcoin as a payment system will work very good. I know many companies at this time using bitcoin as their payment system and they are running successfully and doing well and I am sure soon other companies around the world will also use bitcoin as their payment system.

[queenlaurel]

It wont be a bad idea and might soon be accepted,  not generally by all though. As a mode of payment first from big transactions to small scale businesses. It might take a longer while before being accepted from person to person. Its safe secure for you alone. So it depends if the world would accept it in general.

[bentong talong]

Bitcoin has so many uses ranging from as a payment system and also an assets or an investment platform. Bitcoin is use for payment of goods and services and bitcoin use as a peer to peer payment.

Bitcoin as payment system would be great since it will be convenient  for all the people to pay their bills online. Thus, a lot of people would be happy if Bitcoin will be allowed to use worldwide.

[Lang09]

The only way that bitcoin could be considered as a "real" payment system and almost accepted by almost all the merchants all over the world, is just if the fees are lowered.
Who is going to use bitcoin to pay more than forty dollar just for a single transaction? How are you going to buy a coca cola and a burger with a few of forty dollars?

[jherenz]

bitcoin as a payment system is nice anywhere you are if you have an emergency and you dont have a cash and they accepted bitcoin as your payment it is easier to paid some bills

[vendy86]

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?

i think its not easy to make bitcoin as payment because bitcoin price too fluktuatif.
if i as a seller accept bitcoin and someone pay me when btc rate 8k.then 1 hour later btc price down to 7k,thats mean i as seller already loss my money.
i more prefer bitcoin as asset.

[eelectrick]

I think the modern payment system could use an upgrade, what better for bitcoins to do the job. I think bitcoins as payment
systems can really make things easier for a lot of people. It's faster and more convenient than banks. Preferably it's a perfect
solution and I think it's designed for such a challenge. In my country converting and cashing out bitcoins is so convenient that
I'm surprised that it's this easy and available, though prices vary because of the recent price corrections but still the capacity
is astonishing and appealing. I think this whole payment system option approach is spreading and it's making a lot of individuals
more aware of bitcoins, it's making the community bigger day by day.

[hoanghai101296]

In the future, Bitcoin is probably a form of payment for the whole world, because of its convenience, it can be traded anywhere in every country.

[BlockFolksHQ]

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

[jeanpadel14]

There are many benefits accepting Bitcoin as payment if you are a merchant. First is that the processing fees are paid by the sender, and the merchant pays nothing to receive funds. These fees are considerably lower than traditional payment networks.
It allows you to send items worldwide without currency being a limitation. It allows one-way transactions that cannot be reversed as this is how Bitcoin works, so the merchant is not at risk of a chargeback. It is gaining traction so is more likely to be an easy payment method to accept in future, and there are no subscription or monthly fees for using Bitcoin directly, unlike traditional bank accounts and payment processing networks.

[Gringoblin67]

There are many benefits accepting Bitcoin as payment if you are a merchant. First is that the processing fees are paid by the sender, and the merchant pays nothing to receive funds. These fees are considerably lower than traditional payment networks.
It allows you to send items worldwide without currency being a limitation. It allows one-way transactions that cannot be reversed as this is how Bitcoin works, so the merchant is not at risk of a chargeback. It is gaining traction so is more likely to be an easy payment method to accept in future, and there are no subscription or monthly fees for using Bitcoin directly, unlike traditional bank accounts and payment processing networks.

the fees will still depend on payment gateways that merchants use. For example, paybear.io has significantly lesser fees than paypal or even other crypto payment platforms.

[fernandocm]

Bitcoin as payment is the main reason why I study and buy bitcoin. It help me a lot and all my payments are now less hassle. I can do all my payments online and this is help me too much..... Thanks to bitcoin.

[jherenz]

in some manners it is good especially when you are going to pay bills. instead of paying bills using credit card it is nice to use bitcoin now.

[monkey4204]

Bitcoin is already been used as an alternative for cash, it is a digital currency after all. It's potential as a cryptocurrency will certainly bring new and exciting results because it will being convenience to users and customers. Although it will be hard for governments to patronize or accept bitcoin as a payment system because it is not centralized.

[B{o}T]

It's is very helpful for any transactions especy for flight fair and it has a benefits will be given to the other that no need to in cash their money for big amount of money needed.

[saiful1234]

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 transaction is a hidden cost that might need improvement.

[Rinzo]

if bitcoin is used as a payment system, it will create market value and stability.