What to make bitcoin a popular payment method?

[max1616]

Store of value,Medium of exchange and Unit of account..Technically all of them can be provided with Bitcoin..But it takes more time to become popular..This can happen when factors such as transaction speed, transaction fees, and unpredictable value are resolved.

[1715229599]

1715229599

[1715229599]

1715229599

[SecureCryptoPayments]

Bitcoin should become more stable in order to be a popular method of payment.Bitcoin or Altcoins have the potential to compete with fiat currency. they can be treated as a method of payment and a safe storage of value. 

We are talking about decentralized money and still we want to regulate it ? It is like we are standing under open sky on a shiny day and want to dry up our sweat ! Bitcoin is getting popularity and  it is safest if you know how to deal with it. And if you talk about potential, Both fiat and crypto have potentials. They will not replace each other. rather they will be side by side.

The more you will educate your community about crypto, the better. And Crypto will become popular globally

To teach is good. But there are countries in which they do not believe even cashless settlement. Only cash. Even when making a profit on a cash card, I try to withdraw cash. And all the calculations should be made only with money. What should be the information that they would believe in bitcoin?

[Eros1on]

Tariffs in different countries allow many people to pay high taxes when they cross borders, and it takes a long time to do so, but the BTC can now solve this payment bottleneck.

[BerneirBTC]

I very much doubt that bitcoin will sometime be used for payments. For these purposes, there are more advanced cryptocurrencies. People prefer bitcoin "hold".

There are so many online stores who are accepting bitcoin for payment, I think that very soon we will even become able to use bitcoin in our local shops, for example in Brazil there are a lot of shopping centers who are already accepting bitcoin as paying for shopping there. So the trend is now increasing and hopefully it will very soon possible throughout the world.

[Leo Barnes]

For something that can become a popular means of payment, you need the following:
Store of value: allowing individuals to make intemporal choices on when to spend their purchasing power
Medium of exchange: facilitating the exchange of goods and services by eliminating the inefficiencies associated with a barter economy
Unit of account: acting as a measure of value in the economic system.
Do you think the bitcoin has all three of these elements? I am looking forward to the bitcoin will become a popular payment method in the future.

Yes bitcoin has all of this characteristics the only issue is that some country is having a hard time to regulate bitcoin.

[rajkr]

Bitcoin should do collaboration with E.commerce company and should provide the option of payment in terms of btc.

[jojowar]

Bitcoin will become a popular payment method when it can be use in supermarkets and malls but it can be done if the value of bitcoin will become stable.

[OrangeII]

Tariffs in different countries allow many people to pay high taxes when they cross borders, and it takes a long time to do so, but the BTC can now solve this payment bottleneck.

well, there are so many advantages of using bitcoin, and that profit makes bitcoin a popular payment tool. such as fast payouts, small fees, and versatile functions. well, bitcoin is also a symbol of the development of payment technology on the internet.

[Sovaivncb1996]

What to make a bitcoin a popular payment method?
- Convenience in transaction
- Safe and secure
- Can not be faked
- Very low transaction costs
-Environmental Protection
- Potential e-commerce

[hakertajniak]

For something that can become a popular means of payment, you need the following:
Store of value: allowing individuals to make intemporal choices on when to spend their purchasing power
Medium of exchange: facilitating the exchange of goods and services by eliminating the inefficiencies associated with a barter economy
Unit of account: acting as a measure of value in the economic system.
Do you think the bitcoin has all three of these elements? I am looking forward to the bitcoin will become a popular payment method in the future.

No need to make something, we just need to use it as a currency. Slowly there will be many peoples and companies follow the community to use it.
if we still not using it or just holding it, no one will using it for payment as well. so, it is start from us.

[vual]

Bitcoin is among the primary innovators from the cryptocurrency globe this can make many people opt for bitcoin like an approach to repayment within dealings these people perform, however for right now bitcoin includes a competitor that's Ethereum that may defeat bitcoin like an approach to repayment.

[liutiaoming1]

Big companies and even small shops must accept Bitcoin as a payment method. As a result people understand their abilities and opportunities of cryptocurrency and will join it. It is the simple way to creat popularity.

[florianuhlemann]

I think it's already happened. don't you? a lot of people already talking about it and uses

[anilsaini0327]

Large scale adoption will only come if the crypto prices are stable over a longer period of time. They can be treated as a method of payment and a safe storage of value. But before that the prices of the coin must remain stable, large fluctuation will not let crypto be a Safe storage of value.

[Kasliono]

For something that can become a popular means of payment, you need the following:
Store of value: allowing individuals to make intemporal choices on when to spend their purchasing power
Medium of exchange: facilitating the exchange of goods and services by eliminating the inefficiencies associated with a barter economy
Unit of account: acting as a measure of value in the economic system.
Do you think the bitcoin has all three of these elements? I am looking forward to the bitcoin will become a popular payment method in the future.

In my opinion, nowadays people usually use something that can help them and make them easy to do something. For example, when you wanna buy something from another country you don't need to change your money from Yen to Dollar in money exchanger before you buy your things. That makes bitcoin easy to use as a payment, and that is one of benefits using bitcoin.

[Sword555]

For something that can become a popular means of payment, you need the following:
Store of value: allowing individuals to make intemporal choices on when to spend their purchasing power
Medium of exchange: facilitating the exchange of goods and services by eliminating the inefficiencies associated with a barter economy
Unit of account: acting as a measure of value in the economic system.
Do you think the bitcoin has all three of these elements? I am looking forward to the bitcoin will become a popular payment method in the future.

People will understand that bitcoin is worthy and tested when different countries and companies will prove that for them by their own experience and example, would be lovely if we will have some test area where we will make Bitcoin a payment system.

[Madara_Uchiha]

Bitcoin penetrates deeper into our everyday life. If only recently it was almost never accepted as a means of payment, today there are more and more services that accept payment in the crypto currency for their goods and services.

[Lexurdania]

For something that can become a popular means of payment, you need the following:
Store of value: allowing individuals to make intemporal choices on when to spend their purchasing power
Medium of exchange: facilitating the exchange of goods and services by eliminating the inefficiencies associated with a barter economy
Unit of account: acting as a measure of value in the economic system.
Do you think the bitcoin has all three of these elements? I am looking forward to the bitcoin will become a popular payment method in the future.

People will understand that bitcoin is worthy and tested when different countries and companies will prove that for them by their own experience and example, would be lovely if we will have some test area where we will make Bitcoin a payment system.

Bitcoin can be popular method if most peoples connected internet. Bitcoin have multiple function, it can used for investment and currency at the same time. The most important thing for bitcoin if want to used for payment is regulation from government. If bitcoin regulated by government for payment, I am believe many merchant accepting bitcoin and it will people more knowing about bitcoin and want to use it

[Impulseboy]

Seeing bitcoin is a digital currency, I could see this happening in the future. In fact, it has a high potential to be the next big thing when it comes to payment system. It is already getting more and more popular in a lot of countries so I will not be surprised when companies start paying in bitcoins or altcoins.

[beryziq]

For something that can become a popular means of payment, you need the following:
Store of value: allowing individuals to make intemporal choices on when to spend their purchasing power
Medium of exchange: facilitating the exchange of goods and services by eliminating the inefficiencies associated with a barter economy
Unit of account: acting as a measure of value in the economic system.
Do you think the bitcoin has all three of these elements? I am looking forward to the bitcoin will become a popular payment method in the future.

I think, bitcoin has these three elements, but the only obstacle for bitcoin to become a popular payment method is government policies that prefer to make bitcoin illegal. of course this is an obstacle to the growth of bitcoin.