Is bitcoin a better payment system?

[Paul karet]

the bitcoin payment system has many flaws and advantages. examples of technological methods used are better but require greater transaction costs

[1714623947]

1714623947

[1714623947]

1714623947

[1714623947]

1714623947

[melinda29]

As a payment system, Bitcoin is still heavily flawed, and there are core issues that are stopping its growth in this direction. Bitcoin’s scalability is being hampered because it is too slow and expensive relative to more conventional payment processing platforms.

[Omosomofa]

Bitcoin is the best payment method ever seen. I love Bitcoin and I strong believe it will change the whole world soon. Bitcoin Less volatile than cash, Bitcoin has a global acceptance and is less volatile than cash / local currency. Due to this feature, it becomes easier to conduct transactions across boundaries and online. Ease of online shopping ,As we already know, Bitcoin can us do online shopping. It’s like an e-wallet which can be created blockchain technology to store, track and spend digital money. So many reason to believe that is the best payment method.

[tyas pur]

Bitcoin is better for payment?
Are you sure?
I have another opinion about Bitcoin, Bitcoin is easy when executing payment transactions only one click all completed, but the transaction costs are quite expensive.
If in this case, developed again may be a better method of payment.
The risk level for payment is limited, cannot be made to make all payments. Currently Bitcoin is only used by a few companies so not all companies use Bitcoin as a means of payment.

[Btcmarmipp2]

I think it will be the great payment system globally if every government adopt bitcoin. No need to exchange currency and hassle free if you step in the other country.

[Jackblack90909]

In my opinion, Bitcoin is better as an asset rather than payment system, or a currency. Currently very limited marketplaces online support BTC and also it is not supported as payment method offline in most countries around the world. Also the BTC transactions take time to get confirmed so it is not very effective to complete the daily fast payments.

[Xardasim]

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).

Currently we can not use Bitcoin as a payment, because it is impossible to set up a payment system with a price changing between 7000-10000 USD for 1 day. So, think about it, you go to the store with 0.01 Bitcoin, but at the end of the shopping money is not enough and the prices are changing. I mean, it's a little hard to do this now. When Bitcoin's price will be stable, then maybe it can be used.

[joykulot]

For me, Bitcoin is the best payment. Because the transaction is so fast. In one click, your payment will be accepted immediately. And then it is hassle free because you don't need to stand in line to pay. And you don't need to exchange.

[MetalGear]

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).

More people would like to use crypto currency in that world and everyone will gain access to it. For now, it is a great payment system since there are a lot industries that accept bitcoin. In addition to that, I do believe that bitcoin has great future and great potential to become future currency.  Lastly, I hope bitcoin will good enough in our near future.

[mekusproj]

One of the biggest risks for online stores is fraud. You take a credit card payment, but days later you can receive notice that the charge was reversed. You’re stuck footing the bill because you’ve already sent the product. You not only lose money, but you also lose your product to fraud. Even the most secured businesses fall victim to fraud sometimes.

Bitcoin technology is created in a way that disallows payment reversal or chargebacks. A wallet has a set amount of money in it, and customers pay from their wallet to yours. Payments are a one-way only transaction, so you can’t lose money due to stolen credit cards. As a matter of fact, the customer takes the risk of you never sending product even though you’ve been paid.

[Gatot84]

I do not think bitcoin can be said to be a better payment system for now because it has not gained the trust of most people and organizations and for the best knowledge. There are more governments than none that have not legalized bitcoin in their respective countries.

[John Joseph Mago]

Its not better for me because the price of bitcoins is moving too much and no one will accept it because when its dump they will lost money too just like on supermarkets you paid 0.1 BTC then the Bitcoin dumps so the supermarket will lost money and not to gain.

[MarkusIsaiah]

for me bitcoin is a good payment because i used bitcoin to pay my utility bill and credit card bill, It was easy to used. the disadvantage of bitcoin as a payment is it has a limit when u used bitcoin as a payment.

[Pinkris128]

I do not think bitcoin can be said to be a better payment system for now because it has not gained the trust of most people and organizations and for the best knowledge. There are more governments than none that have not legalized bitcoin in their respective countries.

It was good to you as a payment in some other point because it has no charges. The only risk here was bitcoin price was not stable so increase or decrease sometimes. But for me I want to used it as a payment because it is much faster and easier to tranfer money from one person to another.

[East2011]

I think for now bitcoin is not a better payment. Because it is not widely accepted in many countries. I think it will be good if government will make some move in making bitcoin more safer for its users.

[The best one]

Better then real money? Of course yes.But the best in all cryptocurrency ? No.I think that better payment system is eth.

As for me why bitcoin a better payment system in financial system ?  Because bitcoin is a decentralized, peer-to-peer, "cryptocurrency" system designed to allow online users to process transactions through digital units of exchange called Bitcoins. Beside that in the Bitcoin payments are processed through a private network of computers linked through a shared program. Each transaction is simultaneously recorded in a "blockchain" on each computer that updates and informs all accounts so Bitcoin is better payment system  than others payment system.

[KuraJamban]

Bitcoin isn't good used for a payment because their fee is so High. Besides that, the transaction speed of bitcoin is taking almost 1-2 hour / per transaction.
So i don't think it will be good.

[Bohxz M4p4gm4h4l25]

Better then real money? Of course yes.But the best in all cryptocurrency ? No.I think that better payment system is eth.

Its not actually, what if Bitcoin suddenly decrease in price what youw ill do if you really have to pay that person? I think you have to pay them in the exact amount of Bitcoin that you have ask them,  and if that happened double loss will occur at your side wshich is very devastating since you should have reach the money even though the price really downed at the moment.

[Ravenangel]

yes Bitcoin is a better payment system as its fast reliable and convenient. The users enjoy the privacy and anonymity if they so wish and the transactions are kept secret. Bitcoin is also boderless and acceptable means of payment across ,m
ost countries with ease eliminating the exchange rate expenses

[alexsandria]

yes Bitcoin is a better payment system as its fast reliable and convenient. The users enjoy the privacy and anonymity if they so wish and the transactions are kept secret. Bitcoin is also boderless and acceptable means of payment across ,m
ost countries with ease eliminating the exchange rate expenses

BTC payment system is one of the feature that make it so useful. It is a better payment system because  it will give bitcoin users a convenient and hassle-free transactions. They don’t have to exert so much effort to get the transactions done.