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Author Topic: Is bitcoin a better payment system?  (Read 1975 times)
izzabel
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April 22, 2018, 01:26:25 AM
 #201

The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).
Yes bitcoin is a better payment system we can use it for payment receiving money and a lot more for easy transactions
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Revolvere
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April 22, 2018, 01:35:57 AM
 #202

I think blockchain is more than just a payment system. Perhaps in the future any system involving the community will adopt this technology. Including refugee data though.
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April 22, 2018, 01:44:54 AM
 #203

For me, Bitcoin is a very good international online payment system. But with the arrival of more digital coins in the technology frontier, Bitcoin itself has to improve its payment speed to meet the leading role in digital finance.
jchav010101
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April 22, 2018, 01:46:14 AM
 #204

Bitcoin is the best digital currency used as the better payment system, it is advantageous to use because it has the potential to become the most useful billing system.Bitcoin is fast and cost-effective, reducing dependence on third parties. We can take the initiative to forward it at any time.
xlcus
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April 22, 2018, 01:50:22 AM
 #205

I don't think Bitcoin is a better payment system. There are a lot of 2nd generation blockchain coins which are better than Bitcoin. But Bitcoin is the most popular .
shoujiuhaituo7
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April 22, 2018, 01:55:10 AM
 #206

Bitcoin is a consensual network that has led to a new payment system and a fully digital currency.
It is the first decentralized peer-to-peer payment network that can pay and receive any amount of money anytime, anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.
dodz031718
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April 22, 2018, 02:01:43 AM
 #207

Bitcoin transaction payment has the advantage because it is easy to use and easy to buy.Making it as our payment system is a good idea.Bitcoin is prepared for the future, so I think bitcoin is the right currency for the future wherein later in the world already using digital technology.
BigBos
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April 22, 2018, 02:05:23 AM
 #208

I don't think Bitcoin is a better payment system. There are a lot of 2nd generation blockchain coins which are better than Bitcoin. But Bitcoin is the most popular .
good or not, sometimes everyone has different opinions, because in fact, until recently, the use of bitcoin as a transaction tool is still only used. well, it can be said, that big investors are also behind all this. so, it can be said that bitcoin has one payment system
Ethan Argu
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April 22, 2018, 02:05:47 AM
 #209

For me yes! They have better payment system when it comes to giving the advantage to provide the better system of giving the profit of each person.

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wave1002012
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April 22, 2018, 02:12:14 AM
 #210

For me yes! They have better payment system when it comes to giving the advantage to provide the better system of giving the profit of each person.

Yes of course, It is safe for customer from robbery who handle money for payment, with this also our work will be easy considering transaction is through internet and no more physical appearance.
Ahimoth
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April 22, 2018, 02:20:04 AM
 #211

For me yes! They have better payment system when it comes to giving the advantage to provide the better system of giving the profit of each person.

Yes of course, It is safe for customer from robbery who handle money for payment, with this also our work will be easy considering transaction is through internet and no more physical appearance.

For some transactions it is. For large transactions maybe. It really depends on the situation. For small day to day transactions, maybe not yet because of its volatility making bitcoin a really good investment. Maybe it only needs more time to be  convenient as a mode of payment for day to day transactions.
collins3
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April 22, 2018, 02:21:09 AM
 #212

Many people are concerned about the speed and fees in the Bitcoin payments. With technological improvements, all doubts about it will be resolved. Bitcoin will be the best choice for you in the future.
elbimbo012
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April 22, 2018, 02:23:37 AM
 #213

The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).
I may say its not the better mode of payment compared to othe ways but for convenient payment I think bitcoin is one of it. considering bitcoin payment is online you don't need to go to the payment center and fall in line bitcoin can be done according to your time with no cut off time.

Periodik
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April 22, 2018, 02:26:43 AM
 #214

The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).

There are certain aspects of Bitcoin as a system of payment that are not that good, at the same time there are also aspects that we can consider really great. Bitcoin is a better payment system because it is accepted in the international scale, and without getting through some third parties. In addition, without necessarily revealing personal information. It is also not so good in that the fee involved is not that cheap and the processing time may not be that fast at times. It is in these particular areas where Bitcoin needs improvement.  
susuberuang
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April 22, 2018, 02:28:45 AM
 #215

The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).

I think bitcoin is great for a good payment system because with bitcoin you can send money anywhere to any country quickly and with cheap shipping costs, you can also see your transaction transactions and everyone and can not be stolen. I think that's some of the advantages of using bitcoin as a payment system.
sekop
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April 22, 2018, 02:33:32 AM
 #216

It can't be considered right now since only a few establishments are accepting it and numbers of users are still few also. A lot of people consider this only as an investment only but not as a currency just like fiat. It looks like, people are now focusing on investing crypto but not the way they used it as for payments purposes.
You are right until now people are more inclined to use crypto as an investment tool, not for payment transaction tool. It may take a very long time to apply bitcoin as a means of payment, in crypto, there is not the only bitcoin, but there are also many altcoins. If only bitcoins are used as a transaction tool, what about the others? In addition to the current many countries in the world that prohibit the use of crypto, there are only a few in this world that the company received crypto. So it will be very difficult bitcoin penetrate into a payment transaction tool.
reighbut2017
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April 22, 2018, 02:38:21 AM
 #217

It can't be considered right now since only a few establishments are accepting it and numbers of users are still few also. A lot of people consider this only as an investment only but not as a currency just like fiat. It looks like, people are now focusing on investing crypto but not the way they used it as for payments purposes.
You are right until now people are more inclined to use crypto as an investment tool, not for payment transaction tool. It may take a very long time to apply bitcoin as a means of payment, in crypto, there is not the only bitcoin, but there are also many altcoins. If only bitcoins are used as a transaction tool, what about the others? In addition to the current many countries in the world that prohibit the use of crypto, there are only a few in this world that the company received crypto. So it will be very difficult bitcoin penetrate into a payment transaction tool.

I Agree, this is one of the best payment with paperless transaction and can be use to send worldwide which i think is the big advantageous the other payment system.
ondabeat
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April 22, 2018, 04:30:35 AM
 #218

Bitcoin is used for inter-country transactions because of less funds and instant trasfer. This helps in saving a lot of money transfer costs. Also, Bitcoin is the primary payment system on the dark web. Bitcoin can actually be a good payment system but its adoption is quite low and still depends on fiat currency. Bitcoin requires more revenue by retailers and merchants to increase its utility.
Raven91
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April 22, 2018, 04:42:34 AM
 #219

The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).
right now I think it's not yet the best way because people still depends on the money or paper and coin money some are afraid to use cryptocurrency in paying their expenses also some companies or business do not accept internet money they believe that this is not a real money or some scamming techniques but I believe that in the future time this may be the best way to pay our expenses because it's very convenient but first people should know about cryptocurrency and adopt the changes that will or that is happening in the world of cypto.
Ramtapsbtc
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April 22, 2018, 04:52:18 AM
 #220

The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).

bitcoin is a better payment system because it's easy access and faster and hassle free transactions but it is difficult using this for now because there are still people who are afraid and won't trust it. This needs further learning and information drive.
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