digital payments vs digital currencies

[Luzin]

I believe some of them does have hidden rules and terms which are deduceable from their actual terms, so basically, a lot more is associated with other online and digital payments channels than as with Bitcoin.

Yes, both have their drawbacks and advantages. But so far, digital payments are definitely used more than digital currencies. The reasons are clear regarding legality, transfer fees, transfer time, and security. Of course, Bitcoin and crypto have advantages in terms of security, fees, and transfer time, but not in official legality. Moreover, transactions with crypto currencies are still currently limited to certain areas. In other words, access to crypto cannot yet reach everyone around the world. So for now, many people still choose to use digital finance, which is considered legal and easily accepted.

[Floxynice]

digital payments vs digital currency
digital currencies like bitcoin has been an alternative choice for physical currencies over the past years a lot has said that digital currencies are far more convenient because its borderless but as technology advances the creation of digital payments with fiat currencies have emerged the question is do we not need digital currencies like bitcoin anymore if i can store my USD for example digitally now? the answer is still no

The key distinction between these digital means of payments and bitcoin is DECENTRALIZATION. Other digital currencies mentioned are still fiat made easy to transfer through a digital interface. Fiat is still controlled by a central authority which really makes no difference whether you pay with cash or through transfers. If there are any restrictions or rules from the Central authority, it would affect everyone. Infact base on the situation in my country, digital payments are prone to some barriers like network interruption, unnecessary deductions and restrictions. These digital payments can never be compared to Bitcoin.

[LouVandetta]

there are digital wallets that can be used for payment all across my country and one that uses my country’s local currency but i still don’t completely trust it why? the problem of DOUBLE SPENDING is not eliminated these digital wallets are not completely transparent or at least not as transparent as cryptocurrencies A person can tell you or even show you “proof” of their payment and you just have to believe their word because there’s no other way to check but with crypto since everything is logged in on the blockchain you can see if the transaction has really pushed through so conclusion is crypto remains superior

Can't say which one is superior. But there's not that many country that already accept bitcoin or any other cryptocurrency payment. While digital payment such as digital fiat is more welcome everywhere. There's still that many people as well that doesn't know about cryptocurrency or just doesn't want to use them. Only time will tell whether otherdigital currency payment will have mass adoption on other countries.

[juttsab@]

I personally use both digital payments and Bitcoin. I see both as having their own advantages. Digital payments are for everyday transactions because they're accepted by more merchants. While Bitcoin can be treated as an investment and remittance, its fees are much lower than those of traditional international transfer methods, and it offers better control over your assets. For everyday needs, digital payments are more practical and stable, but in the long term and for cross-border transactions, Bitcoin is the best choice.

Digital payments are indeed more practical when we make daily transactions such as paying electricity bills or paying for other purchases, but so far many people often complain when making payments with digital money because transaction fees are much more expensive and the digital money payment system has many certain limitations that are limited by the payment service provider, unlike bitcoin where we can make transactions freely without having limitations and the transaction costs are also cheaper because when making transactions with bitcoin the costs depend on the network itself, not determined by the service provider like in digital money payments.

People are doing the online transactions because they don't want to keep more money in the pocket And intelligent people have mobile in their pocket and they are using different platforms to earn more money by investing a good amount of money. People are doing the investment because we saw many rich people of that era and they are making videos about their earning and the procedure to make more money. People should invest more And more money because how much they will earn depends on their Investment. People should take steps and we saw many people who have no courage to be successful person and they are not not accepting change in the World and Many people are using the currency and they are in debt because most of the people need to accept that then they will be rich quick. Always mind of person matters a lot And if he has money but his mind is of poor person he will be low class person in any field he choosed.

[betswift]

there are digital wallets that can be used for payment all across my country and one that uses my country’s local currency but i still don’t completely trust it why? the problem of DOUBLE SPENDING is not eliminated these digital wallets are not completely transparent or at least not as transparent as cryptocurrencies A person can tell you or even show you “proof” of their payment and you just have to believe their word because there’s no other way to check but with crypto since everything is logged in on the blockchain you can see if the transaction has really pushed through so conclusion is crypto remains superior

Can't say which one is superior. But there's not that many country that already accept bitcoin or any other cryptocurrency payment. While digital payment such as digital fiat is more welcome everywhere. There's still that many people as well that doesn't know about cryptocurrency or just doesn't want to use them. Only time will tell whether otherdigital currency payment will have mass adoption on other countries.

It will happen sooner or later, because there will be services that take the opportunities and those that don't.

Nobody would want others to have such an edge over themselves.

[Bitcoin_people]

Although we can still make payments very easily through digital payments, dollars, and various currencies we use through the banking system. Moreover, we can easily complete our transactions using Master Card, Visa Card and e-wallet. We know that these are digital payments which are managed by the government and here the government can note everything we do if it wants.

Crypto transactions work through blockchain and most people are now choosing it. Among digital currencies, the popular currency is Bitcoin which is currently a place of trust for people. It is not controlled by any government but Bitcoin has gained a lot of acceptance worldwide using blockchain technology. We know that if any transaction is completed through Bitcoin, the government will never be able to note us and it will be confidential. So those who make large transactions and want to keep them hidden pay through Bitcoin so that their privacy is not revealed. So I think in the future, digital currency may increase in popularity compared to digital payments.

[henry_of_skalitz]

^ It's pseudo-anonymous in reality, and more secure than private

But sure, transactions can be made via BTC too, big ones as well, as long as it's not made through centralized services, then there would probably be no questions toward you.

[Numeral]

Digital currencies are primarily beneficial to the state, and it is the state that is the initiator of all these digital currency projects, which are equivalent to national currencies. For the end user, there are practically no advantages, even compared to conventional non-cash bank transfers, digital currencies do not offer anything special. With Bitcoin, everything is truly transparent, plus you can claim confidentiality when making transactions. Digital currencies, on the other hand, are designed for more serious control over funds. There are good intentions behind this, such as controlling corruption, but so far this is only theory. What will happen with this in practice remains to be seen.

[Minor Miner]

Infact base on the situation in my country, digital payments are prone to some barriers like network interruption, unnecessary deductions and restrictions. These digital payments can never be compared to Bitcoin.

The reason may be that your country's infrastructure is not yet complete and stable. Because I have the exact opposite experience to you, and digital payments are really becoming popular in my country. We rarely experienced any interruptions, and payments were almost completely free and almost instant, unlike what you may have experienced.

In my experience and objective assessment, digital payment methods are still superior to bitcoin if we use domestically such as internal transfers, bill payments...Bitcoin really only excels when it comes to cross-border transactions and when we need privacy for our transactions.