Post
Topic
Board Bitcoin Discussion
Re: bitcoin transactions - Slow OR Fast
by
stomachgrowls
on 10/12/2016, 08:44:13 UTC
is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

Yes there is a possibility to be happen but not now, because the demand of the bitcoin community is totally high at the present time now, slow and fast it depends on the area of the country.
It does not depend on a country because we are transaction in the blockchain only, and it's decentralized so no country interference with the problem of transaction. It will be slow if the demand is huge as more transactions will be happening and that is the only reason.
It's possible to be accepted in a local store, and it doesn't really depend on the area but it also depends on the government of the country and also how speedy the transaction is. It can be hard for the store to be accepting Bitcoin because they don't know yet the legality of it in their country. Also they won't be able to easily track all of the transactions if they accept Bitcoin, they would be switching from computers to confirm the sent Bitcoin in order to confirm the order.
Its still possible as long the adoption of bitcoin on a particular place is high then you could accept bitcoin anytime and theres no worry about on the transaction duration as long its already transferred into your address it would not be reversed already and its really a good thing since you could already assure that payments will surely go into your wallet.