Post
Topic
Board Bitcoin Discussion
Re: Competitive analysis of Bitcoin vs Square, SumUp, iZettle, Payleven
by
istar
on 25/11/2012, 15:46:23 UTC
Great work.

In Sweden there is now a Bitcoin easy way to pay straight from you bank account called seqr.se.
They have probably looked at Bitcoin.

They way I see it is that Bitcoin is the only electronic currency you can own.
Its also the only system that does not collect data on its users.
Its the only currency that works like people think currencies work.

Sure merchants can collect data but its not something the system does all the time.

These three are enough, they are huge.
 
No other payment system have those.
They are simply payment systems for FIAT currency produced in an evil system as debt by private banks.
A Bitcoin is not supposed to be repaid to a bank.

As icing on the cake its one of the worlds best system to transfer and hold value, over the internet and in real life.
But the big deal with Bitcoin is that its a limited edition, currency.

The way I see the future, VISA and Mastercard and Paypal might probably adopt Bitcoin.
They can offer services on top of Bitcoin that the Bitcoinsystem will be to slow to offer, such as instant transactions, insurance etc.
Banks might probably mine Bitcoins or another cryptocurrency just to keep a backup and the network safe.
Cryptocurrency is here to stay.