Will Bitcoin ever become a widely adopted global payment solution?

[nightxglow]

For the moment, no. But in the future, the probability is really high that it will. Now, not many places supported bitcoin, so using it is still difficult, there are not many options that we can use bitcoin as a method of payment. Now, it's just a speculation tool, and not many people use bitcoin as a method of payment since they are afraid that it will be such a waste. Bitcoin price will be higher and higher in the future, so instead of using it they keep hodling. If this remains, i think it will be hard and a long way for bitcoin to be used as global payment solution.

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[Yatsan]

There is a high possibility that it can happen in the future but for now, it seems to be far beyond to happen due to the current problem the world is facing right now. But we have already seen people are starting to get to know about Bitcoin slowly but surely because of the pandemic wherein many have switched from stock market to crypto market on which many have realized its importance and usage and have realized of having engagement with it. We still cannot ensure as of now the wide adaption due to the common reason not all are yet aware and not all can cater accepting Bitcoin as a mode of payment for now. But if those problems will be resolved, then maybe we are getting near to that idea.

[LimLims]

Satoshi envisioned Bitcoin as a Peer-to-Peer Electronic Cash System. While it can and has been used for payments, its use as a medium of exchange has so far been very limited.

It has moved from being a collectible to a store of value. Will it ever move to being a widely adopted medium of exchange and global payment solution?

Now a days Bitcoin is only considered as a Digital Asset.
People only invest in BTC to increase their source of income.
There are many online stores that is accepting BTC widely but again there are some aspects which is restricting other stored to accept it.
The first thing BTC can’t be accepted as a global payment method because of it’s volatile nature.
I guess this is enough for OP to gain some enough knowledge.

[john_nautica]

Satoshi envisioned Bitcoin as a Peer-to-Peer Electronic Cash System. While it can and has been used for payments, its use as a medium of exchange has so far been very limited.

It has moved from being a collectible to a store of value. Will it ever move to being a widely adopted medium of exchange and global payment solution?

Slowly, yes. One of the previous one that accepts Bitcoin is the Tesla but they dropped it eventually I think some of the companies still planning to accept cryptocurrency to use their service. I am still thinking what can be the problems in accepting cryptocurrency. Probably slow transaction? Transaction fee? Quick price change?

[DeathAngel]

Bitcoin has only been in existence since 09 & we already see it accepted as legal tender by one country. No doubt soon many more will follow. Bitcoin is mentioned in mainstream media all the time & many people use it now, I have no doubt that in 10-15 years it will be used by nearly everybody.

[bekti3]

Yes bitcoin will definitely be become a widely adopted payment solution, some countries have started legalizing bitcoin already and lot's of companies have started accepting bitcoin as there payment methods and lot's of financial institutions have been adopting bitcoin and more people are beginning to know more about bitcoin which is very good I believe is just matter of time bitcoin will become widely accepted global payment solution.

this can happen but you have to think in advance about the adjustments that exist because a transition like this of course takes time and risks that must be taken and will certainly have greater potential than this.
because there are definitely many people who are not used to this, of course it will feel like a hassle and have to get used to it first

[livingfree]

For the moment, no. But in the future, the probability is really high that it will. Now, not many places supported bitcoin, so using it is still difficult, there are not many options that we can use bitcoin as a method of payment. Now, it's just a speculation tool, and not many people use bitcoin as a method of payment since they are afraid that it will be such a waste. Bitcoin price will be higher and higher in the future, so instead of using it they keep hodling. If this remains, i think it will be hard and a long way for bitcoin to be used as global payment solution.

It has started already. El Salvador proclaimed it as a legal tender, next is likely Tonga and Paraguay. There will be more of them in the future. And with such announcement and support from governments.

Bitcoin being a global payment is inevitable. It only takes time until we see majority of the countries have made a law about it.

[dimox]

maybe. people will always find easy ways to do something. when there is easy thing like this, poeple will run and stay on that line, until they find another easy path.
its hard to say all people use it as payment solution, but people who know about it, between seller and buyer will adopt it as far as they know.

[CryptoStar19]

No doubt it will... El Salvador just recognized bitcoin as legal tender...

Wide adoption of bitcoin for payments will take place in layer 2 solutions such as the Lightening Network and not on the base-layer.

[KaliLinux]

I believe that this will happen even though it will definitely take some more time. When satoshi developed Bitcoin even the first adopters never really thought it will get to this level. As we know, there are many things in the works to make Bitcoin a better version of what it is now and even though Bitcoin has been spent and accepted by some stores/businesses around the world, we will see an even bigger adoption in the future where more and more countries turn to Bitcoin as a Legal tender.

[TribalBob]

I think bitcoin deserves to be adopted as a means of global payment, but from the point of view of its existence it is unlikely to be realized in the near future, only the Tesla company accepts bitcoin at this time
it takes step by step so that everything is realized and perfect

[Dewi Aries]

Will, there is a chance for yes or no. But maybe need long time, to make it happen. Fiat is really strong, backed by government. If they think bitcoin can disrupt fiat, they can do anything because have power. Like when they made some regulation so people can't make bitcoin as payment and some company can't use it too because of it.

[AakZaki]

I think bitcoin deserves to be adopted as a means of global payment, but from the point of view of its existence it is unlikely to be realized in the near future, only the Tesla company accepts bitcoin at this time
it takes step by step so that everything is realized and perfect

Still very difficult to be adopted by the global. Need various adaptations and need for further development. Bitcoin which tends to be more volatile certainly has a greater risk. Bitcoin is still the payment option after the use of FIAT. Tesla doesn't even accept Bitcoin as payment anymore, but that doesn't mean Tesla doesn't support bitcoin. Tesla still has Bitcoin to develop. Several other companies, of course, have accepted Bitcoin as a means of payment. Step by step bitcoin is able to become a profitable digital currency and with more advanced technology.

[kotajikikox]

Satoshi envisioned Bitcoin as a Peer-to-Peer Electronic Cash System. While it can and has been used for payments, its use as a medium of exchange has so far been very limited.

Limited in terms of what? functionality or  payments?  both are being friendly .

so basically Bitcoin will be on top of every payments in the world.

It has moved from being a collectible to a store of value. Will it ever move to being a widely adopted medium of exchange and global payment solution?

The world now is considering this happening mate , look how many big businesses now that accept and uses Bitcoin ?

is this not enough for you to trust and believe it will coming?

[PIR]

Yes I think so, this is possible with the kind of situation we have now, the era of electronic, and technology development, with lots of innovation being discovered today plus the fact that this is now the trend and so called safe mode when comes to nationwide and worldwide transaction. This pandemic become a tool to push through with these solution.. and soon enough it will become globally use by people in all over the world.

[Roy Asher]

If Bitcoin becomes a daily payment method, most transactions will occur on the second-tier network instead of the main network. The bit ratio on the second-tier network is a mapping of the main network bitcoin, which is the same as the mapping of gold to paper gold on paper. Paper gold is the paper currency of the gold standard, and the Bitcoin of the second-tier network is the token of the Bitcoin standard. Everyone knows the end of gold. In the end, gold was replaced by paper money. So in the same way, I think the final outcome of Bitcoin will be the same. So I don’t think Bitcoin will become a universal payment method.

[bakasabo]

Slowly, Bitcoin is getting more and more used as a prime payment instrument. That is why I think global adoption is not far away. Maybe in 10 years it will be widely adopted. Some might say that 10 years is a very long period, but in general, in the worlds payment history this is nothing.
I'm worried more about other thing. Ok, Bitcoin gets global adoption. But people will still prefer to hold it instead of use it as a primary payment. It might turn that Bitcoin will be adopted, but not really used often.

[Lorence.xD]

Yes I think so, this is possible with the kind of situation we have now, the era of electronic, and technology development, with lots of innovation being discovered today plus the fact that this is now the trend and so called safe mode when comes to nationwide and worldwide transaction. This pandemic become a tool to push through with these solution.. and soon enough it will become globally use by people in all over the world.

The only problem that we are facing is that not every person in this planet has an access to technology and to necessary channels to access bitcoin but it's possible for bitcoin to become a global payment solution.

[lightning0]

I am new to Bitcoin. I have doubts about the issue that Bitcoin can be used for daily payments. The price of Bitcoin is in a state of long-term fluctuations. If I buy goods now and pay with Bitcoin, after the transaction is completed, Bitcoin has risen sharply. At this time He will frustrate me for a long time. If there is a big drop, what will the store owner think? This will have a bad effect on Bitcoin.
Therefore, for daily Bitcoin payments, I prefer his store of value.

[swiftbits]

I don't mind if Bitcoin never reaches true "mass adoption" and am not waiting for it to become the one-world currency. It's already been successful beyond anyone's imagination.

Couldn't agree more. People often think that 10-12 years is very long period of time and that Bitcoin somehow failed because its use didn't reach mass adoption yet, while in reality this is extremely short period of time for something as complex and I think that not even Satoshi thought that Bitcoin will spread as much as it did.

Right! We might lack mainstream adoption, but we are thriving; the community has grown much in the past years.
Cryptocurrency is almost synonymous with Bitcoin since it pioneered blockchain technology.