Is bitcoin a better payment system?

[kudryas]

With the current transfer rate, it is not going to be used as payment option for instant transactions. Because, no one will wait for bitcoin transfers to take place to confirm a deal.

[anjelaro]

Those scaling issues you mentioned need to be solved for mass adoption. Last year when bitcoin was at its peak, we had to wait hours for the transactions to go through.

[Sanjida]

Yes bitcoin is a better payment system because,it is a  digital currency and a first payment system in almost all countries.bitcoin can be considered using the most popular of them.bitcoin it has high selling power are always in the market. bitcoin is very high and it is one and only better payment system in the world.

[emelyanova]

If you compare with payment option like PayPal, bitcoin appears as the winner. PayPal can terminate any account for any stupid reason but with bitcoins you need not worry about this aspect.

[suhano]

It is good for large transactions only as there is a fee involved and transfer also takes time. For smaller transactions cash is way better as it is instant.

[olumyd]

Bitcoin is still much far away from being a perfect system, especially as a payment system. There still some issues to be cleared before mainstream adoption can kick in. However, with the numerous utility and guise tokens in cryptocurrency ecosystem, it would be hard for it to be uno.

[neo444]

Yes bitcoin is a better payment system because his price is the high price than other cryptocurrency and now the fee of transaction of bitcoin is not high

[Tactical Genius]

If we look at it as a payment system yes it is a better payment system than fiat especially crossborder like you mentioned but scalability is needed to make it very better too like you added because we have seen times when the network becomes so congested to the extent that it takes sometimes as long as a day for confirmation of transactions to occur across the network.Such problems have to be solved before it can become the best if not the most perfect payment system.

[akiho yoshizawa]

Bitcoin is still much far away from being a perfect system, especially as a payment system. There still some issues to be cleared before mainstream adoption can kick in. However, with the numerous utility and guise tokens in cryptocurrency ecosystem, it would be hard for it to be uno.

what causes you to say bitcoin is still far from perfect word? is it because of its fluctuating value, or because the bitcoin has no physical form? bitcoin is prepared for the future, and the absence of physical form makes bitcoin more economical than conventional currency, so I think bitcoin is the right currency for the future wherein later in the world already using digital technology

[Coleth]

Since it is faster phase of mode of transaction because it is digital, it is indeed more convenient to to have bitcoin. We can do transactions anytime anywhere while going out and falling in lines.

[Elkafi]

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 better than real money, there is many advantages of bitcoin. it is easy and secure. bitcoin is crypto currency for future currency.

[Bitcoinnumberone]

Bitcoin is the best payment system? Of course not! With such a low transaction processing speed, this can not be.

Well,this is possible. Bitcoin offers a faster transaction mode. This could be a possible payment system. There are a lot of ways to enjoy bitcoin that's why there are also a lot of possibilities that bitcoin can offer.

[MZMARY]

Bitcoin is the best crypto currency, the bitcoin payment property is very expensive for making a transaction, which is a big disadvantage, you need to unload the bitcoin network and review the payment transaction

[Doge dealer]

its at this point definitely a better payment system as it allows you to receive and send  payments all over the world without having to deal with these bureaucratic financial institutions so even a regular individual is able to do cross border transactions instantaneous without having to wait a number of hours or days in some cases to confirm receipt of funds.plus your transaction is fairly anonymous if privacy is what you seek

[tikaka]

Yes, of course, bitcoin will be a good paying system in the future. Bitcoin will be a good payment method in business transactions, online shopping or internet payments. But bitcoin is currently experiencing difficulty in the transaction process. I think in the future the fee issue will be more stable and more appropriate, faster transaction speed.

[Tapyaks72]

I think it's the best payment system ever made, asks us no personal details, doesn't send us annoying emails and marketing waste. Instead of being in the dark what's happening to our payments it lets us see live that our payments been made or is in the process. It's irreversible and that's a safety. It cuts down on the fees that greedy bankers charge us.

Yeah agree  on you that mate payment with out hassle is the best thing when you're payment it should be systematic and only  technology that  can do that is the Blockchain technology and bitcoin itself.

[Camorra Dev]

I’m an ordinary person, and I need to buy food, pay the bills  and get other necessities. I can’t do that having only bitcoin in my pocket. Small number of people use bitcoin and it’s appreciated only by freaks.

[imstillthebest]

I think it's the best payment system ever made, asks us no personal details, doesn't send us annoying emails and marketing waste. Instead of being in the dark what's happening to our payments it lets us see live that our payments been made or is in the process. It's irreversible and that's a safety. It cuts down on the fees that greedy bankers charge us.

Yeah agree  on you that mate payment with out hassle is the best thing when you're payment it should be systematic and only  technology that  can do that is the Blockchain technology and bitcoin itself.

bitcoin isnt the best payment system because it has many known issues such as slow transfer , high cost fees , lack of anonymity. you know mate , there were alot of cryptos out there that is much better than bitcoin in terms of payment purposes. Few examples could be etherium , litecoin , dash , bitcoincash , etc  . These coins are known to be the best when it it comes to payment purposes because they are fast and has a reasonably lower fees as oppose to bitcoin.

[Masongrae]

Yes bitcoin is better payment system, it is convinient to use, for it is fast, easy and effecient trasaction, and there are a lot more benefits of it that every user a satisfaction.

[ajoygb]

Bitcoin a better payment especially if you are in hurry  no time to go to the bank and it is secured compare to money bills payment.  Where ever you are you can pay as long as you are connected with internet as a click and you are done.