Quote from: escrowboy on June 29, 2016, 02:56:19 PM

Quote from: Azael on June 29, 2016, 02:43:57 PM

Quote from: Ryananda on June 27, 2016, 08:11:31 AM

There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?

Works smooth and fast if merchants accept 0 confirmation payments but then they also take on them the risk of fraud. Otherwise some 15 mins is the norm for a payment. I think as a payment it works well for low cost items as 0 confirmations can be accepted since the potential loss of payment is a very small amount. Coinbase does this.

Then we could discuss the volatility but that will be straightened out at some point. I don't have any two cents on when or why.

Well you have a good point. Confirmation will really be a problem once we have this online payment thru bitcoin but I think we can solve this by changing our confirmation time with higher fees, but it will make more cost on our end.

I also have 1-2 apps accepting bitcoin payments but they charge a lot and also require us to submit ID proof which I am not comfortable sharing if the app is a new one. Except gyft and purse, I don't feel we have the option to pay bitcoins on Amazon and Ebay or may have it in future.