jakelyson
Legendary
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Activity: 2184
Merit: 1069
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June 08, 2019, 05:40:59 AM |
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Starbucks has already received payments using bitcoin, this shows that bitcoin will someday be used as an international payment system because it will be very easy and efficient if we use bitcoin as a payment tool when we transact with someone abroad who will consume lots of time and transaction costs.
Yes, Starbucks and other big shops are accepting bitcoin but it is not straight bitcoin. It is through a third party app named SpedN built by startup Flexa. I do not think there is a common enterprise that is accepting bitcoin right now. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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EdvinZ
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June 08, 2019, 06:09:55 AM |
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We live in an age of rapid development of technology, so those people near whom there are no offline stores accepting Bitcoin, can search online stores with this method of payment. Google will find any of them at your request.
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CryptoBry
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June 08, 2019, 09:25:30 AM |
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Starbucks has already received payments using bitcoin, this shows that bitcoin will someday be used as an international payment system because it will be very easy and efficient if we use bitcoin as a payment tool when we transact with someone abroad who will consume lots of time and transaction costs.
Yes, Starbucks and other big shops are accepting bitcoin but it is not straight bitcoin. It is through a third party app named SpedN built by startup Flexa. I do not think there is a common enterprise that is accepting bitcoin right now. That is a lot better than not accepting any cryptocurrency at all. I think it is more convenient for establishments to be accepting bitcoin with the help of third-party app as there can be a mechanism that can protect them from volatility and I guess this can be less headaches on their part. |
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Twinkledoe
Full Member
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Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
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June 08, 2019, 09:47:55 AM |
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Starbucks has already received payments using bitcoin, this shows that bitcoin will someday be used as an international payment system because it will be very easy and efficient if we use bitcoin as a payment tool when we transact with someone abroad who will consume lots of time and transaction costs.
Yes, Starbucks and other big shops are accepting bitcoin but it is not straight bitcoin. It is through a third party app named SpedN built by startup Flexa. I do not think there is a common enterprise that is accepting bitcoin right now. That is a lot better than not accepting any cryptocurrency at all. I think it is more convenient for establishments to be accepting bitcoin with the help of third-party app as there can be a mechanism that can protect them from volatility and I guess this can be less headaches on their part. I am wondering if because of this third party app, would the price be overcharged in terms of btc? The percentage that they are getting aside from the fact that you are like selling your btc at a lower price. This is one of the struggles of a customer, thinking that it's better to store his btc, believing that it will tremendously increase someday and pay in cash instead. |
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bitcoin31
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June 08, 2019, 10:35:31 AM |
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In our country you can use cryptocurrency to buy game credits, pay utlity and bills, shop online, mobile loads, and etc since the local wallet that we have is contracted with a lot of merchants. I think this is way convenient, as time goes by crypto will be accepted by most merchants. Is that coins.ph? Because all the detials you mentioned coins.ph have that too. In my country we will use bitcoin for different things. But my favorite Is I can pay my bills using bitcoin and the good that is they have bonus when you pay your bills using coins.ph so that is nice. We can use bitcoin also like buying voucher to coins.ph and spend to the restaurant you choose where do you spend it and different store too. |
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Mike Mayor
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June 09, 2019, 03:37:16 AM |
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Bitcoin here in our country can pay for the bills like
bank payment
telephone bills
electric bills
government insurance
money transfering
also buying online products.
thats how I use bitcoin for payment bills.
Wow, you can already pay things like electric bills. That means your government accepts it with open arms. The next step is paying for perishables. You pretty much have everything covered. YOu are very lucky. In our country you can use cryptocurrency to buy game credits, pay utlity and bills, shop online, mobile loads, and etc since the local wallet that we have is contracted with a lot of merchants. I think this is way convenient, as time goes by crypto will be accepted by most merchants. Is that coins.ph? Because all the details you mentioned coins.ph have that too. In my country we will use bitcoin for different things. But my favorite Is I can pay my bills using bitcoin and the good that is they have bonus when you pay your bills using coins.ph so that is nice. We can use bitcoin also like buying voucher to coins.ph and spend to the restaurant you choose where do you spend it and different store too. Wow really? Another lucky person. What kind of bills do you pay and please can you explain to me a bit more about the way the voucher works. How does the restaurant use the voucher? |
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Eclipse26
Sr. Member
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Activity: 658
Merit: 268
bullsvsbears.io
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October 10, 2019, 03:17:58 PM |
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Still depends in your country. If bitcoin and crypto are widely accept in your country, you can find more stores and businesses who accepts bitcoin for payments.
In my country, bitcoin is slowly getting accepted by people. And the government isn't that strict when it comes to crypto that's why there are various entities that you can pay using bitcoin. Although I haven't seen personally or have tried going to an establishments like fast food, restaurants, etc that accept bitcoin. It's more of payment for utility bills than services and goods.
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sarojan9980
Member
Offline
Activity: 118
Merit: 10
My Identity Coin
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October 10, 2019, 04:12:29 PM |
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It is not so easiest it will take more years. some countrys are against to bitcoin but several countries are legalised but they are also not compleatly used like country currency some normal online shops are accepting like Starbucks, bitplaza so on.
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Eugenar
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October 10, 2019, 05:58:24 PM |
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What about a convenience store? There's 7/11 that is utilizing the use of cryptocurrency by directly selling it to users in their counters. Eventually, as market adoption increases, I will not be surprised if 7/11 sells their products in cryptocurrency as well. One of the main reason why this is not implemented yet is because of the taxes needed to be assigned on each of the product, there's still no regulatory that is responsible to manage the suggested retail price of products in relation to its tax. |
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