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Author Topic: Why would people want to adopt Bitcoin as a payment option?  (Read 2141 times)
FallenBtcAngel
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November 14, 2018, 12:49:32 PM
 #201

1. Speed.
2. Safety.
3. Modern technology.
4. Global character.
5. Transparency.
6. Decentralized nature.


These are on the paper of course. In fact, we lack 2, 5 and 6. 1 must also be improved. With 4, it's more or less as it goes as it should.
bakkang
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November 14, 2018, 12:56:35 PM
 #202

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're right that bitcoin addresses would be very confusing since it has a lot of characters so I think before making bitcoin as a mode of payment we must make sure that we are really literate in using this way of paying to avoid any issue or problems  that makes bitcoin a bad image and not relevant to a global community.
Periodik
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November 14, 2018, 01:04:26 PM
 #203

There are several reasons why I would choose Bitcoin over other payment methods. One of which is definitely the decentralized way with which Bitcoin is running. Nobody owns your Bitcoin but you. Moreover, Bitcoin is borderless. It simply goes beyond the limitations of our various fiat currencies. And then we have the fact that transferring Bitcoin, however huge it is, from one wallet to another will only cost you cents or a dollar or two. That does not happen with fiat.
Globalbitcoinl
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November 14, 2018, 01:21:36 PM
 #204

multiple payment methods are a temporary measure. in the future, there will still be only one, or two. I think that one of them will be cryptocurrency. people will understand how convenient it is)
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November 14, 2018, 02:01:48 PM
 #205

I think because Bitcoin is easy to use because it is decentralized, and that makes people want bitcoin as a payment tool, and I think because of the popularity of bitcoin, bitcoin has the opportunity to become a payment instrument.

pejuang_mamak
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November 14, 2018, 02:13:13 PM
 #206

because bitcoin has many conveniences, with bitcoin we have no boundaries between countries or others, then there is no government tax and one is anonymous so it really becomes privacy

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vickycoin05
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November 14, 2018, 02:32:48 PM
 #207

because bitcoin has many conveniences, with bitcoin we have no boundaries between countries or others, then there is no government tax and one is anonymous so it really becomes privacy
They want to adopt bitcoin as mode of payment because of it fast and easy transaction. One more thing its more convenient when we will talk about online transactions such as shopping and payment bills.
bandungan
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November 14, 2018, 03:43:19 PM
 #208

bitcoin has a lot of benefits that might be useful for many people now. now besides being used for transactions maybe bitcoin can be used for payments and more effectively. so I think this is something that many people want why people want to adopt bitcoin as a payment option.
Kayum10029
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November 14, 2018, 04:09:11 PM
 #209

Because people are now like a new system where extra opportunities should reserve. In bitcoin payments systems no risk, no extra hesitate and it would have extra benefits.

electron-coin
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November 14, 2018, 05:15:10 PM
 #210

Well, I highlight for myself a few important points in Bitcoin, as in the means of payment.
1. The ability to make a transfer to anywhere in the world and not worry about exchange rates and currency conversion.
2. The ability to send any amount (even large) is safe.
3. Fast transactions.
4. Thanks to the decentralized nature of Bitcoin, transactions become secure.
5. Low fees for transfers.
Other electronic payment systems don't have such characteristics that, for me, Bitcoin automatically takes the lead.

I want to add one more thing: by paying for a purchase or making a transfer to BTC, you avoid exchange rate differences and currency conversion fees.
But there is a negative point: an error in the address or the amount of payment is fraught with loss of funds.
But using other payment systems you have the same risk.
Using my credit card, I can also mistakenly enter the wrong beneficiary account number and my payment will not go where I need it.
Using any payment system has its negative points.
So let's focus on why I (and others) accept bitcoin as a means of payment.

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November 14, 2018, 05:45:06 PM
 #211

To be honest, it seems to me that Bitcoin should be treated as digital gold and not as a digital currency.

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November 15, 2018, 11:25:14 AM
 #212

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

Well, i think i use bitcoin because i can use it anywhere and anytime without the limitation.
It will be different in fiat, you will have limitation when you have much money in your bank account.
For example, sending money about $1mil in bitcoin is easier than if you sending $1mil in fiat money.
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November 15, 2018, 11:37:15 AM
 #213

maybe in terms of practicality in its use and also in terms of saving space for saving money, because we save our money in an online wallet and we can also put it in a bank account to be more secure, maybe this is all I can say for the question above.
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November 15, 2018, 11:47:57 AM
 #214

Now more and more different companies, online stores are starting to accept bitcoin payments, because cryptocurrency is developing and improving various opportunities that are also associated with payments for various services. I once tried to pay for goods with bitcoin and everything worked out very quickly and reliably.
gamechangers
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November 15, 2018, 12:24:19 PM
 #215

Bitcoin is better than any other choice of payment because, it is decentralised, fast and easy to use, the technology is seamless and it is fast becoming adoptable. Bitcoin payment doesn't require any form of paper documentation, it's pure digital and this makes it orderly.
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November 15, 2018, 12:41:38 PM
 #216

because it is secure to transfer and transaction speed is high
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November 16, 2018, 10:12:09 PM
 #217

people would want to adopt bitcoin as a payment option because it has so much potentials to offer compared to the other means. it is faster and easier. Bitcoin is the future and those who accept and adopt its use make the right choice.

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November 16, 2018, 10:53:15 PM
 #218

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

Its true there a lot of other payment options out there but I think what sets Bitcoin payments apart is the idea of being decentralised and independent even if that comes at the cost of unstable coin prices. Plus the nature of Bitcoin payments might be preferred for certain other payments.
kwakgyimah
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November 16, 2018, 11:11:04 PM
 #219

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.
Bitcoin is the future currency of the  world and hence highly advisable for any individual  or institution to accept bitcoin as an essential currency for all business transactions. Bitcoin would always be the best digital currency in the world so everyone should join this amazing world of bitcoin in order to be part of a brighter future of digital currency.
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November 16, 2018, 11:18:14 PM
 #220

it is likely that the best option would be for Bitcoin to exist with these payment methods

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