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Author Topic: Why would people want to adopt Bitcoin as a payment option?  (Read 2141 times)
zhopas
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November 04, 2018, 07:14:18 AM
 #121

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.  Wink
People want to adopt bitcoin as a payment option because  we all know that it is convenient to every one and it has the advantage of being easy to use, with more people using the same payment and transaction will be easier. Also we should support bitcoin for it to grow more in the market and it's price.
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November 04, 2018, 07:26:34 AM
 #122

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.  Wink
People want to adopt bitcoin as a payment option because  we all know that it is convenient to every one and it has the advantage of being easy to use, with more people using the same payment and transaction will be easier. Also we should support bitcoin for it to grow more in the market and it's price.

Easy to use?  Huh Huh Huh What is easier than swiping a debit or credit card and having that transaction being confirmed in seconds? No my friend, ease of use has never been one of Bitcoin's strengths, because the tx's takes too long to confirm and you have to deal with wallets and passwords and QR codes and what not..

Bitcoin needs a lot of tweaking and fine tuning to be more efficient in "user friendliness" and "ease of use".

Try again.  Wink

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November 04, 2018, 08:58:45 AM
 #123

i dont know, but many people said that bitcoin is the future of money system, its not like the old technology like banks and other ssytem, bitcoin and other cryptocurrency are the decentarzlied currency

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November 04, 2018, 09:07:36 AM
 #124

Because you can access and use it worldwide. In some countries, Paypal isn't available to use., so it opens the doors to cross borders payments for these countries (e-commerce, services,...). Both buyers and sellers can save money on fees (Fx, Tx,...)
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November 04, 2018, 09:33:31 AM
 #125

Because its a good technology that will help everyone to transact easily with each other and can buy anything without leaving your home aside from that the most important part that people like is that bitcoin is decentralized.

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November 04, 2018, 12:27:05 PM
 #126

Good afternoon everyone,there are a lot of reasons why people would want to adopt bitcoin as a payment option,i will highlight some of the few reasons i can share with-
a) bitcoin being a payment option can help to reduce transaction fees or cost
b) bitcoin being a payment option won't allow your business to be exposed to price volatility
c) bitcoin being a payment option help fuel media coverage and raise brand awareness
d) bitcoin being a payment option helps to empower your customers
e) bitcoin being a payment option provides an opportunity to become an industry leader
f) bitcoin being a payment option helps you to reconnect with past or existing clients
airdnasxela
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November 04, 2018, 02:51:42 PM
 #127

Knew of the reason that I think set bitcoin apart from other type of payment methods is first its decentralization. That there is no third part involved in your transaction. Another characteristic of bitcoin is its anonymity. I think there is no need to explain that one because you only need common sense to understand that. Also, bitcoin has no or very very few transaction charge that you can transfrler huge amount of money without worrying in the transferring fees you need to pay. Lastly, it is global, you can do transaction to any people anywhere in the globe.
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November 04, 2018, 03:14:40 PM
 #128

because they know even I am always sure. if bitcoin will be used as a payment like official paper currency. and in addition to adopting Bitcon is very profitable. both for the long term or short term
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November 04, 2018, 04:11:49 PM
 #129

The main reason why people should adopt to the use of bitcoin as an option for payment is that, it presents a fast peer to peer system where no third party is needed before the transactions are made. With bitcoin, there are less transaction fees involve and the transaction is fast and secure.
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November 04, 2018, 05:15:07 PM
 #130

People want to use bitcoin as a means of payment because bitcoin provides convenience that is safe and not regulated by third parties, and it is very easy to manage finances.

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November 04, 2018, 05:36:28 PM
 #131

Being honest with you, I don't think bitcoin will ever be used. I do agree that other cryptocurrencies with more scalable blockchains/transactions speeds will work but these will be a few years off yet. I think blockchain technology appeals more so to platform use for now, and in time will make the transition to payments on a large scale.

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November 04, 2018, 06:11:13 PM
 #132

We live in the digital age, so the creation of such a currency is a must. This digital form of money is much more convenient than the usual paper money. It is much faster and cheaper.

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November 04, 2018, 06:16:18 PM
 #133

in my opinion, because Bitcoin is fast, safe and efficient, just imagine how quickly we send 1000 Bitcoin or if it is cashed around hundreds of millions of dollars to other people wallet in just 1 to 10 minutes. but to implement this, it still takes a long time, because the government still does not allow Bitcoin to be used as a payment instrument...

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November 04, 2018, 06:31:01 PM
 #134

For me, the most important advantage of cryptocurrency is security. It is very difficult for hackers and scammers to get to your digital wallet. But banks, unfortunately, are robbed very often. Therefore, I am for the use of cryptocurrency.

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November 04, 2018, 06:42:03 PM
 #135

Bitcoin is a new generation of money. I like his idea of decentralization, as well as the fact that he is focused on the Internet. And I hope that it will be adopted around the world and it will be possible to use only one currency in all countries.
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November 04, 2018, 06:46:56 PM
 #136

bitcoin is new future money and i love bitcoin bcz its decentralized and i use bitcoin as a payment method bcz its so easy to done a payment through bitcoin.in the future bitcoin will get accept as payment method bcz of its advantage.

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November 04, 2018, 06:54:27 PM
 #137

For me, the most important advantage of cryptocurrency is security. It is very difficult for hackers and scammers to get to your digital wallet. But banks, unfortunately, are robbed very often. Therefore, I am for the use of cryptocurrency.



This doesn't give a big advantage to Bitcoin because banks are insured. If they get robbed they will give you back your money and if they delay you always can sue them. If your Bitcoin gets stolen nobody will be able to help you. It's all over.

I would like to have Bitcoin as a payment option because I like privacy. I don't want the bank or a government agency to know what I'm buying and how much money I have.
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November 04, 2018, 07:02:36 PM
 #138

For me, the most important advantage of cryptocurrency is security. It is very difficult for hackers and scammers to get to your digital wallet. But banks, unfortunately, are robbed very often. Therefore, I am for the use of cryptocurrency.



This doesn't give a big advantage to Bitcoin because banks are insured. If they get robbed they will give you back your money and if they delay you always can sue them. If your Bitcoin gets stolen nobody will be able to help you. It's all over.

I would like to have Bitcoin as a payment option because I like privacy. I don't want the bank or a government agency to know what I'm buying and how much money I have.

You have to consider also that bitcoin is difficult to stole because you have not it in your pocket.
So this is a good solution because reduce the costs.

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November 04, 2018, 08:59:39 PM
 #139

The advantages of using Bitcoin as a mode of payment enhance it value, listed below are some of the reason why I will prefer it.
1. Banks transaction fee is quite very high, especialy with international transaction, but with BTC it help to reduce transaction fee.
2. I do not need a third party to get involve in transacting with BTC.
3. Bitcoin usually aid quick payment, as it is done through the online platform.
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November 04, 2018, 09:25:16 PM
 #140

I certainly would recommend Bitcoin for payment instruments, because it is very efficient, no bank is needed as an intermediary that will automatically reduce transaction costs, besides that in terms of security it is better even though there are still gaps for hackers but if compared with others the chances are smaller, right every thing must have advantages and disadvantages but I can be sure that bitcoin is the right transaction tool that can support our current lifestyle
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