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Board Marketplace
Re: Restaurants accepting bitcoin!
by
meemiinii
on 07/05/2017, 07:21:00 UTC
This is too far from happening here in my country but not impossible to happen. If they can implement this bitcoin as a payment then paying on restaurant is much easier and it is just like credit cards. Unless my country fully utilized the benefits of bitcoins then it will be a bigger help in other industries as well.
I don't think it will be much easier to pay in bitcoins on restaurant cause as you already know we are having a problem with confirmation time . Paying in credit/debit card takes a minute but bitcoin takes at least 3 minutes to confirm a block assuming that you pay a high priority fee . If the miner fee and confirmation time didn't improve itself, restaurants accepting bitcoin might be difficult to make it happen .

you have a point mate. this can only be happen if and only if someone will be willing to pay MORE and pay HIGHER fee in order to have a faster confirmation. and i dont think so that many will be happy to do this. we all know that people will prefer more in sending bitcoins for free than paying any transaction fees.