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Author Topic: Why would people want to adopt Bitcoin as a payment option?  (Read 2140 times)
slasher0489
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November 16, 2018, 11:40:09 PM
 #221

Because bitcoin is more convenient, reliable and faster than any other online payment option, it is also anonymous, some people want their privacy online and safe. Also bitcoin is decentralized and transparency
Netnox
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November 17, 2018, 03:10:52 AM
 #222

Instances of credit card cloning and data theft are going up. The major banks store their data in servers that are not 100% secure. And here is the advantage with Bitcoin. You can store money on your own and you don't have to depend on the banks to store your money.
nellakarisma
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November 17, 2018, 03:35:54 AM
 #223

maybe they think that bitcoin will someday have a very good future. so that it can be made a reserve currency for the world. so that bitcoin can be accepted in the world community legally and officially like paper currency
fipper
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November 17, 2018, 05:51:54 AM
 #224

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.
You are very right. Your opinion is the advantages and disadvantages of carrying out crypto currency transactions if my country has formalized the crypto currency as a valid currency, maybe crypto currencies can be the best choice for transactions, for now the government still prohibits transactions directly with crypto currency
Stac
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November 17, 2018, 08:36:59 AM
 #225

There are specific reason for the people want to adopt bitcoin as a payment option because it is the first crypto currency has started in the year 2009 The bitcoin originators intention to provide a strong currency to the global community  for their daily requirements and which can be operated world wide ..Bitcoin has a strong net work systems incorporated with the modern technology Its features are very attractive yo the global investors and so its popularity is wide spreading world wide and more people are attracted to it. Bitcoins is getting very useful  to the human life for their daily life. Bitcoins market capital is very high comparing to the other alt coins and the daily traded volumes are also comparatively high..Bitcoin is a good transaction media, good investment tool, good for local and international trading.  A speedy and reasonable transactions can be carried out without a third party interference.so mostly people are willing to adopt bitcoin as a payment option..

goldreset
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November 17, 2018, 08:55:27 AM
 #226

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.

And you will not be told by a bank that you cannot use your own money simply bexause they have the control over your money.
goldengold5
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November 17, 2018, 09:24:28 AM
 #227

If bitcoin was adopted as a payment option, it proves that bitcoin is bigger and bigger. It will soon dominate the world and will never disappear like what people are worrying.
TentallyMooN
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November 17, 2018, 10:02:54 AM
 #228

Everything is simple here. People like the speed of operations, people like convenience and modernity. That is why they tend to give preference to Bitcoin over other payment methods.
TentallyMooN
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November 17, 2018, 10:04:17 AM
 #229

If bitcoin was adopted as a payment option, it proves that bitcoin is bigger and bigger. It will soon dominate the world and will never disappear like what people are worrying.
Unfortunately, not everyone understands this. But maybe when Bitcoin starts to grow in price again, people will believe in it again. Grin
Ragnar143
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November 17, 2018, 01:22:44 PM
 #230

it is easy to transfer and secure too..
NelfiNovita
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November 17, 2018, 02:15:24 PM
 #231

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

because more and more types of payments can be made online, and this is a good opportunity to adopt more and more bitcoin, so you will get more profits.

Rocky19
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November 17, 2018, 02:25:00 PM
 #232

bitcoin transaction is too easy and secured as well.  people will be feel secured carry bitcoin rather to solid money. many online shop started bitcoin payment method. truely appreciated
Dimas99
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November 17, 2018, 02:40:25 PM
 #233

bitcoin was created by using technological advancements and times of course to make it practical, fast and efficient and I think bitcoin answers the need for technology and the development of the era
Pavmeg1
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November 17, 2018, 03:06:00 PM
 #234

Because it’s a peer-to-peer transaction that’s decentralized –so no third party interruptions. And transaction fees are lower, plus it makes for an efficient mobile payment system. Some say it’s good for ecommerce
kickdapa
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November 17, 2018, 05:38:24 PM
 #235

Generally, I do not prefer to use any other bank oriented cards for payment. Nowadays Bitcoin is not only used for payment but also use for investment. Bitcoin offers peer to peer transaction facility which is really comfortable. Bitcoin is decentralized and used the blockchain technology and the most reliable thing is people can control their funds.

loloos
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November 18, 2018, 11:49:28 PM
 #236

 now digital currency has been accepted by various places. the future requires speed and also good mobility, so for me that we will face the digital era and digital currency is something that is very necessary in supporting the economic life that we have.
setialovers
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November 19, 2018, 01:46:34 AM
 #237

I want bitcoin can be payment option because its digital asset. Bitcoin already known in many country and i think if bitcoin can be payment option, we can travel to others country without worrying about money if we holding bitcoin
Ethan Argu
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November 19, 2018, 03:30:47 AM
 #238

We are in the era of technology having a bitcoin as a mode of payment is much better to pay using your asset bitcoin
Online transaction such as paying your bills without opening your wallet is very convenient. Its very helpful to many people without fiat, you can pay using your digital money. Many will continuing adopting this transaction.

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dongyi17
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November 19, 2018, 03:43:51 AM
 #239

For many reasons.. like there were no hidden charges, less hassle, you don't have to bring huge amount of money to avoid getting robbed by- for security reason...its decentralized also there were no other people to meddle on the their transaction.

celot
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November 19, 2018, 03:46:34 AM
 #240

Many people want adopt bitcoin as payment option because bitcoin have change price every time, but if bitcoin could raised up to higher price many people could take profit, when bitcoin price have drop maybe they have think more again for adopt bitcoin as payment option.

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