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Author Topic: Why would people want to adopt Bitcoin as a payment option?  (Read 2140 times)
leetcoiner
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November 04, 2018, 10:47:35 PM
 #141

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

The most important thing is perhaps the quality of bitcoin is its anonymity in use. No payment method can guarantee you such anonymity as bitcoin and this is its main advantage. Otherwise, he certainly loses the usual methods of payment, anyway. But again, it's a matter of time.
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November 04, 2018, 10:53:59 PM
 #142

because bitcoin is a future technology that can be used to pay around the world, for example we are in Indonesia can pay for goods in America without having to change to dollars first. in addition, bitcoin transaction is the safest transaction because it does not require the identity of only a bitcoin address

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November 04, 2018, 11:00:10 PM
 #143

because bitcoin is a future technology that can be used to pay around the world, for example we are in Indonesia can pay for goods in America without having to change to dollars first. in addition, bitcoin transaction is the safest transaction because it does not require the identity of only a bitcoin address
However, that would buy bitcoins or other electronic currencies you still need to first change your money to dollars, and then change the dollars n cryptocurrency and only then make purchases on the Internet. In my opinion, the situation is getting worse. However, if you earn directly in bitcoins, then you are definitely lucky. But as far as I know there are very few such works now - especially in Indonesia.

 
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November 04, 2018, 11:15:43 PM
 #144

Yes, using bitcoin as a means to make payments is something very good, because Bitcoin has a small fee when you want to send bitcoin to anyone, so with bitcoin payments are very cheap and fast throughout the world. So that people choose bitcoin for payment options.

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November 04, 2018, 11:36:36 PM
 #145

We are going to go back to the basic and what Bitcoin's intended use, it is used as a decentralized payment and peer to peer without third party, so this is what some sectors of the society and company want to integrate to their company and groups and we have seen how good and successful it is.

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November 05, 2018, 07:20:41 PM
 #146

The lightning network is the key to bitcoin use as payment option. The speed of transaction is the only limitation presently. With lightning intercontinental transactions will take less than a second without any middlemen. No one can beat that
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November 05, 2018, 10:35:40 PM
 #147

Even if there lot of choices available for the people to pay their money the bitcoin can be better than them in some ways which are decentralization,many people won't understand that why we need decentralization but imagine if there is a currency which is not controlled by any banks or governments just simply on its own demand and supply will be better right and no one can trace us ad no one can take our money without our permission.









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November 06, 2018, 12:12:29 AM
 #148

I do not think they want the bitcoin to become a microcomputer for the deals, they just want it to be a viable investment that they can make a lot of money.
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November 06, 2018, 12:46:25 AM
 #149

Because Bitcoin provides a fast, low cost, and especially secure payment service, it has many advantages over traditional currencies.
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November 06, 2018, 01:22:43 AM
 #150

For buyers and sellers, the escrow services would be a great feature because this increases online safety for bitcoin transactions. A multi-signature wallet is another great feature to ensure security in transactions.

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November 06, 2018, 05:49:53 AM
 #151

Aside from being a decentralized currency, bitcoin transactions are faster and can not be undone. Bitcoin is now more popular than ever and many more people are getting interested on how to use bitcoin in their online transactions. That is aldo one of the reasons why some stores both offline and online are planning to use bitcoin as one of the mode of payments. The use of bitcoin by the people and stores or shops can speed up the adoption of bitcoin.
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November 06, 2018, 05:57:47 AM
 #152

Bitcoin is not a payment system, it is digital gold !
Use bitcoin for everyday payments it's like use physical gold for buy goods in offline store
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November 06, 2018, 09:03:57 AM
 #153

It is because of the easy transaction method and less hassle, but sometimes when the block chain is crowded, the payment is late to arrived it cost much trouble for the a people who in rush. in my opinion it help us a lot especially for us who are addicted on online games because today we can now use bitcoin as a payment for our online game cash. and it give us less trouble to pay.
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November 06, 2018, 09:37:22 AM
 #154

Bitcoin is not a payment system, it is digital gold !
Use bitcoin for everyday payments it's like use physical gold for buy goods in offline store
Well said.
That's right, bitcoin will cost a lot of money. But it is convenient to pay with bitcoin nowadays.
But if bitcoin is very valuable, can you transfer alternative coins and pay them ?
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November 06, 2018, 11:38:19 AM
 #155

Aside from being a decentralized currency, bitcoin transactions are faster and can not be undone. Bitcoin is now more popular than ever and many more people are getting interested on how to use bitcoin in their online transactions. That is aldo one of the reasons why some stores both offline and online are planning to use bitcoin as one of the mode of payments. The use of bitcoin by the people and stores or shops can speed up the adoption of bitcoin.

There is a difficulty when returning funds. For example, a person wants to return a purchase, how to return a bitcoin, how long to wait, and how to deal with the commission.

But at the same time, is Bitcoin payment convenient for travelers: no need to change currency and search for exchangers.
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November 06, 2018, 01:00:57 PM
 #156

Yes, using bitcoin as a means to make payments is something very good, because Bitcoin has a small fee when you want to send bitcoin to anyone, so with bitcoin payments are very cheap and fast throughout the world. So that people choose bitcoin for payment options.
They want to adopt bitcoin as mode of payment to make things more easier and convenient. Well we all know that transferring funds from btc to the currency that we want to convert is alot more expensive because of transfer fees and charges that is why many suggested about this strategy.

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November 06, 2018, 01:18:11 PM
 #157

Bitcoin is not regulated, that's not what makes it different from the other methods. Such payment methods are populer among people because the users has already a lot, so the more users exists, the easier payment will be. But, bitcoin has blockchain technology which makes it better than other methods. It cannot be trace, yet it is open both for the seller or the buyer. I think to make bitcoin equal in terms or function like others is to get it being popular, make it legal with any condition, regulated as simple as possible. I think when bitcoin has get the same place like the others, people will try to realize it is better than ever.
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November 06, 2018, 01:26:20 PM
 #158

Yes, using bitcoin as a means to make payments is something very good, because Bitcoin has a small fee when you want to send bitcoin to anyone, so with bitcoin payments are very cheap and fast throughout the world. So that people choose bitcoin for payment options.
They want to adopt bitcoin as mode of payment to make things more easier and convenient. Well we all know that transferring funds from btc to the currency that we want to convert is alot more expensive because of transfer fees and charges that is why many suggested about this strategy.
Exactly.It's not only the transaction fees which is low but also the efficiency and convenience of having bitcoin as a payment system.This is already the dream of many people not to be controlled with a government or any authoritative group and this will happen only if all people decided to take mass adoption for bitcoin.

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November 06, 2018, 02:08:55 PM
 #159

because the bitcoin system is good for supporting payment transactions, now bitcoin is more appropriate and good to be used as a payment system. so this is why bitcoin can be used as one of the easiest payment systems besides money. and there are already many companies or places that provide payment systems with bitcoin.

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November 07, 2018, 09:41:54 AM
 #160

because the bitcoin system is good for supporting payment transactions, now bitcoin is more appropriate and good to be used as a payment system. so this is why bitcoin can be used as one of the easiest payment systems besides money. and there are already many companies or places that provide payment systems with bitcoin.

Well, really the bitcoin transfer is not do inmediate.
The good idea should be introduce some protocol that certifies transfer started cannot be stopped even if it takes many time.

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