Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
Can we use bitcoin as mode of payment? Can we use bitcoin for paying bills? I have read some of threads here talking about wallet, coins.ph and alike, can we use them to pay or make transactions?
Yes, I can use bitcoin for those things and I love on how fast the services of the exchange that I'm using. And bitcoin is not only a payment method, a virtual money but it's also an investment where the fluctuations of price is happening daily. Most of the exchanges does have the same feature of those services and it's just one of their services, you can also have a prepaid load by paying through bitcoin.