steampunkz
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October 30, 2018, 10:50:40 AM |
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In my opinion, Bitcoin is one the payment system that people can easily adapt without giving out personal information when buying and selling online unlike a credit card that have monthly and yearly fees plus an additional percentage. Also, it is anonymous and private, So people have less worry when they are using BTC.
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Kemarit
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October 30, 2018, 11:32:03 AM |
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What sets Bitcoin apart from these other options and how would you differentiate between these payment methods and Bitcoin? What makes Bitcoin better? Let's discuss. For me its the the transaction fees, its quite cheap as compare to a regular banking transactions. I remember being paid by my employer before, but I have to wait for 3-5 business days before I can get my money. If I wanted to get it instantly, I have to pay for additional fees, so there are times that I needed the money right away so its annoying on my end. But with bitcoin, we can get the same benefits (faster transactions + fees are low) without having to pay additional cost.
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BabyBoss
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October 30, 2018, 11:37:24 AM |
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We live in a world where we are bombarded with choices and the same goes for payment methods. We currently have a veriety of different payment methods, like : Credit Cards / Debit Cards / PayPal / Payment processors / Charge cards / Prepaid cards / Phone and mobile payments / Money orders / Online Banking ePayments (OBeP) / Cheque and Crypto currencies. looking at the wide selection of options on the table, would you be able to motivate people to adopt Bitcoin, over any of the other options? What sets Bitcoin apart from these other options and how would you differentiate between these payment methods and Bitcoin? What makes Bitcoin better? Let's discuss. People will earn more when we use btc as payments. We are all made investment while we are using btc as currencies because of its volatile price we can earn in ups while we can take the opportunity while it is in down.
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sehoon
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October 30, 2018, 12:04:56 PM |
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As of now, the reasons I know are first it is going to be easy for us since we don't have to convert cryptocurrency money into fiat money. Second, adopting bitcoin as a payment means bitcoin is receiving support from outside and I hope it could affect the price as well.
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xuan87
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October 30, 2018, 12:22:51 PM |
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We need a decentralized currency which got no interference from the government, we need some freedom to do currency without the government poking into our account or transaction, and Bitcoin is a really good currency to do global transaction, it's easy to used,easy to deposit and easy to withdraw
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Kencha77
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October 30, 2018, 12:30:56 PM |
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We live in a world where we are bombarded with choices and the same goes for payment methods. We currently have a veriety of different payment methods, like : Credit Cards / Debit Cards / PayPal / Payment processors / Charge cards / Prepaid cards / Phone and mobile payments / Money orders / Online Banking ePayments (OBeP) / Cheque and Crypto currencies. looking at the wide selection of options on the table, would you be able to motivate people to adopt Bitcoin, over any of the other options? What sets Bitcoin apart from these other options and how would you differentiate between these payment methods and Bitcoin? What makes Bitcoin better? Let's discuss. A good amount of people have no access to banking institutions and normally these banks are the ones who can help on global transactions. That for me are the factors why choose bitcoin over other payment because most payment methods require banks and mobile payment have a limited area of coverage.
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Serious Miner
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October 30, 2018, 12:36:35 PM |
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For payment issue, I will go for bitcoin which is very pleasant and suitable for me and even bitcoin exchanges with different currencies easily. On the other hand, I feel trouble to use bank-issued cards for payment which is controlled by the bank. So bitcoin is decentralized and very useful for payment.
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zuziekatee
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October 30, 2018, 12:40:08 PM |
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Bitcoin has so many advantages over other payment forms and the main of it is the base Of operation which is the blockchain technology which allows for anonymity, faster transaction speed, lower transactions fees, volatile nature and many more.
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Dextract
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October 30, 2018, 01:06:20 PM |
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Main thing that makes Bitcoin better is the price and also the transaction checker and also that its very easy to store and given security
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dothebeats
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October 30, 2018, 01:40:19 PM |
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We live in a world where we are bombarded with choices and the same goes for payment methods. We currently have a veriety of different payment methods, like : Credit Cards / Debit Cards / PayPal / Payment processors / Charge cards / Prepaid cards / Phone and mobile payments / Money orders / Online Banking ePayments (OBeP) / Cheque and Crypto currencies. looking at the wide selection of options on the table, would you be able to motivate people to adopt Bitcoin, over any of the other options? What sets Bitcoin apart from these other options and how would you differentiate between these payment methods and Bitcoin? What makes Bitcoin better? Let's discuss. With the amount of payment options available right now, I don't think bitcoin would fare better unless it removes the problem of volatility. Mind you, it's still an excellent payment method if the right circumstances aligned with its tech. It's pretty secure for both users since there's no way a MITM attack could be devised which could potentially compromise both ends. Also, its nature of people not needing to have a bank account in order to use it is a plus, since there are still a lot of people engaging in online shopping without bank accounts. However given the fame and popularity of other payment methods listed above, bitcoin doesn't have time to shine since all of them have their own edges. Who cares about security in this day and age where everything is spoon-fed and done with an ad?
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jack8989
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October 30, 2018, 01:44:12 PM |
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We live in a world where we are bombarded with choices and the same goes for payment methods. We currently have a veriety of different payment methods, like : Credit Cards / Debit Cards / PayPal / Payment processors / Charge cards / Prepaid cards / Phone and mobile payments / Money orders / Online Banking ePayments (OBeP) / Cheque and Crypto currencies. looking at the wide selection of options on the table, would you be able to motivate people to adopt Bitcoin, over any of the other options? What sets Bitcoin apart from these other options and how would you differentiate between these payment methods and Bitcoin? What makes Bitcoin better? Let's discuss. Everybody wants to trade with Bitcoin because everyone wants to own it. Those who want to buy Bitcoin and just want to hold it until its price goes up to $ 10k back. That is why other altcoins are not selected for payment.
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EllieBasti05
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October 30, 2018, 02:04:34 PM |
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People want to adopt bitcoin easily because it can be an investment and tradable. In now technolgy update we can now buy goods using a bitcoin without using fiat money and its very convenient to use.
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crwth
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October 30, 2018, 02:09:14 PM |
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I guess if I were the owner of a company that sells services or sells items, I would love to accept bitcoin. But right now I know Bitcoin, and I know what it could do for my company, it would be an additional payment option so more customers would be able to be accommodated. If I have no idea what Bitcoin is and I heard about a proposition for it to be near it, I would likely be skeptical on what it is because I might think it's not real money. Especially if I have been on the entrepreneurial side for a long time, I wouldn't trust it easily.
The critical thing to understand is what people who really become successful is to become adaptive and become modern. Bitcoin is definitely a modern way to get paid.
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Juggy777
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October 30, 2018, 02:18:57 PM |
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We live in a world where we are bombarded with choices and the same goes for payment methods. We currently have a veriety of different payment methods, like : Credit Cards / Debit Cards / PayPal / Payment processors / Charge cards / Prepaid cards / Phone and mobile payments / Money orders / Online Banking ePayments (OBeP) / Cheque and Crypto currencies. looking at the wide selection of options on the table, would you be able to motivate people to adopt Bitcoin, over any of the other options? What sets Bitcoin apart from these other options and how would you differentiate between these payment methods and Bitcoin? What makes Bitcoin better? Let's discuss. Hey for me these are the biggest features 1) Decentralisation 2) Low fees super quick payments 3) No charge backs 4) Zero or no tax at all. 5) Can be used to take money in PayPal, Fiat in an instant. Decentralisation let's assume all know what this means I feel this is the biggest and best advantage of Bitcoins. I have loads of Usd and other foreign payments to be made from time to time, and if you're like me who used to pay Bank the high fees to trade, you'll be amazed to know I transfered some thousand dollars in Bitcoins for few cents, literally few cents. While this is beneficial to the seller and not the buyer, but it's a shame many buyers do false charge back, and this is the need of the hour. If your country doesn't tax Bitcoins, you don't need to pay any tax great isn't it. As you already know you can trade it for PayPal or gift vouchers, and so much more.
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biskitop
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October 30, 2018, 02:25:29 PM |
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for online payment methods, so far many people are comfortable with paypal. and it's difficult to adopt bitcoin with that competition. but there is a gap that can be entered when comparing paypal with bitcoin. that is, when I will withdraw. paypal takes 5 days to withdraw to the bank account, while bitcoin only takes a few minutes. I think it's a plus value for Bitcoin to be able to beat paypal.
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lyks15
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October 30, 2018, 02:45:55 PM |
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I think people want to adopt bitcoin as a payment option because they are already tired at payment method that we have today which is very stressful and full of hassle. All we know how convenient that bitcoin can give to us. Any time or any where you can pay when you use your bitcoin as payment method as long as you have an internet connection. But this time I think this many countries are not yet ready to make it possible because bitcoin is not already in legal stage aspect many countries and I think small business stablishment are not have ability to innovate their payment system.
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wantjokull
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October 30, 2018, 02:58:52 PM |
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Honestly I am not motivated in using bitcoin as payment option. That really looks like tiny bit much when we consider all the possible ways of paying in this digital world. I mean not just the ways which you listed in OP. We do have unified payment system which can allow us to pay from fiat wallets too. This is crazy to think we would want to replace it with bitcoin which is not even able to handle stress conditions of those back in 2017 ATH.
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FunGate
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October 30, 2018, 03:26:56 PM |
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I think that two things make bitcoin not very user-friendly for the average Joe,who is completely new to the crypto world. 1.All those 0.001btc type of transactions and payments are confusing for people that use $5,$12 or $250 payments. 2.The 34-characters bitcoin addresses can be confusing as well.It's way simpler to just use your Paypal email. Anyway,we can't change this.
You hit the nail on the head. Technically, we can change this by investing in altcoins that are fixing this problem, which are few and far between, but do exist. User-friendly distributed exchange networks and the like involve platforms where values are translated into layman's terms. Poor security is another drawback keeping people from using it.
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cybersofts
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October 30, 2018, 03:28:16 PM |
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4 of the biggest reasons in my opinion are: - decentralization which means there is no need for third parties and their fees. also there wounld't be any kind of restrictions in your usage. - privacy you don't have to provide your identity to the vendor just to buy a small item! - global obvious - no charge back this is great for merchant protection against all the frauds that take place with traditional payment systems.
Ok, this is the first response that adds a lot of value to the discussion. Decentralization is only beneficial, if people know the advantages of using a decentralized network. <We should educate people, so that they can see the advantages> Privacy only becomes an issue, when it is taken away from you and if you are aware of that. The "No Charge Back" feature is a huge bonus for merchants, but it is also a huge bonus for scammers. <If you transfer bitcoins to a scammer, you have no way to get it back.> The bitcoin is both payment option and an investment as well. Sometimes people often make profits off their bitcoin investments. Also, people want to use bitcoin as a payment option because it is fast, secure, decentralized, and acceptable worldwide. Using bitcoin you are in control of your money/assets, unlike all the financial institutions that you've mentioned above. People want to taste and feel the power of freedom which can only be given to them by the bitcoin. Finally, the bitcoin is a fully digital currency where two parties can exchange values privately and cashlessly without the intervention of the third party.
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mudasarali43
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October 30, 2018, 03:40:35 PM |
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There are so many platforms are accepting bitcoin and these platforms make the human need more and easier and every human likes to work with easy manner that is why peoples want to adopt bitcoin as a payment option,
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