Is bitcoin a better payment system?

[Dudeperfect]

Yes, I believe that Bitcoin is a better payment system as compared to that of the traditional payment system. Things are still in the development phase and there are many issues right now including high transaction fees and confirmation time which is a barrier to growth and mass adoption, especially for the microtransactions. I am optimistic about post 5 to 10 years pictures from now and you will see why Bitcoin and crypto are better than the traditional system.

[Spain2000]

off course bitcoin is a good payment system and many online transaction can takes place with in seconds and this all possible due to bitcoin and other crypto bitcoin feature of online payment is easy and secure form and soon the online dealing which were dealing through dollars and other banks will be totally deal in crypto and i think it is the best way to become more advance the payment system through this currency. For me bitcoin is the better payment system.

[raybut37]

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, it can be and i believe by using bitcoin in payment can reduce criminality in our society like robbery and hold up which is common nowadays. Using bitcoin as payment we don't need to go out in our home just to pay to our orders.

[Sayed Rifat]

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. Some days ago if  a person paying in the other country he goes to bank or other agency. For this reason he must pay a big amount.  But if he or she pay with bitcoin it is easy and safe and it is low costly.  So it is a better payment system.

[cunguks]

In terms of payment system, bitcoin is definitely superior. I think, because of its digital nature, bitcoin is more efficient because it has no physical shape. And bitcoin is more universal, not a currency belonging to a country. Well, if only bitcoin is legal, maybe people will immediately switch to bitcoin.

[Valzzz005]

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).

It is really a much better payment system because you van literally send bitcoins all around the world so how convenient was that because with just a small fees or almost no fees at all you can now send money everywhere you ever wanted especially here in our country you can withdraw the bitcoins in a bank just like a credit card just like that but the thing is you do not have any card but just a code and you can now get money in that thing. And the bitcoins are very smooth not traffic issues and the government have nothing to fo with them so no taxes at all

[azhariejaya]

high fees and lengthy transaction processes make bitcoin less suitable as a payment system, especially for small purchase transactions.
I think a lot of other cryptocurrencies is more suitable as a payment system, because of the low fees and the speed of the transaction process.

[fipper]

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).

for now my country has not been able to make payments because the government has not formalized bitcoin as a legitimate currency to make a sale and purchase, if indeed it could be of course a good toolkit payment and of course

[laurenB7742]

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).

If compared with current payment system controlled by banks and other financial institutes, BTC is a much better option. As BTC lets you send any amount of money to anyone, anywhere and most importantly at any time. These features only limited to BTC only. If you don't believe in BTC, try sending money on Sunday 

[anisuzzaman99apu]

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

[blacksnapper94]

of course bitcoin is a better payment system because we get five benefits by using bitcoin as a means of payment.
1. more secure
with bitcoin will not find a problem like losing money because of being stolen or a credit card burglary, because this bitcoin is a virtual currency that is stored virtually with encryption protection
2. does not require intermediaries
transactions will be directly processed and recorded disistem blockchain, transactions can be resolved without going through the banks and other financial institutions that deal with international financial transactions.
3. reach out to everyone, whenever and wherever
bitcoin can be accessed and used by anyone, anytime and anywhere.
4. apply anywhere
bitcoin can be used as a means of payment in all regions of the world.
5. bitcoin owner as the control holder.

[dctrerepelsn13]

Of course not! Many coins are developing, as are the scams, and quite interesting.For example.Now I’m watching for Marinecoín.The project is reborn with a large community and new technologies (dev-less, self sustaining, machine to machine, artificial intelligence).Fair distribution  occurs also with the help of proof of promotion.The coin has yet one home exchange, but after the distribution there will be a lot of interesting. The coin has an interesting value.

[Refozzblaze]

I guess it's not bitcoin for better payouts
for the payment as well as its use ripple transaction fee is cheaper and faster

[hieu81]

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 will become the payment method when the value is more stable! Currently, mainly for exchange, but big price fluctuations and transaction costs are affecting Bitcoin and digital money.

[jcarlo]

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).

With fiat money? no.

Considering the transaction fees, purchasing would cost a little more than the actual price. But you're right about it to be adopted by several companies to further broaden it's potential.

For many computer literate people the use of bitcoin for transaction is really convenient and easy but majority aren't capable of comprehending how bitcoin works.

Indeed, same thought with you. Bitcoin price can affecting fee transaction and when bitcoin price become high, transaction fee become more expensive than using banks. But maybe when bitcoin price high, we can using another cryptocurrency with lower price for our transaction

[rencong bitcoin]

Bitcoin is the biggest coin in cryptocurrency, I prefer to trade with ETH rather than Bitcoin, so many people use ETH transactions and many people feel the comfort of it all.

[SnapDown22]

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).

the possibility of bitcoin being a good payment because it is practical, fast and not difficult but if bitcoin is already valid as the currency that applies in your country of course if it can be the applicable currency of course bitcoin easy in access

[VBCryp@]

Of course, Bitcoin is a better paid system, because bitcoin is more popular and thriving is not the currency of a country, and bitcoin allows you to send any amount to anyone, And it is very useful in people's lives, I hope people will immediately switch to using bitcoin for the future.

[Elmughni]

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).

if you compare bitcoin with real money in transactions, it's obvious bitcoin is better. but in some bitcoin state is blocked. so for now bitcoin is not the best payment.

[shinchan123]

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 believe so. It is probably because of the fact that bitcoin runs through the use of the internet, and we are all aware that almost everything these days is incorporated by the internet, such as shopping, booking system, classes, etc. Therefore, it is a guarantee that using bitcoin as a payment method will be successful.