Post
Topic
Board Bitcoin Discussion
Re: What to make bitcoin a popular payment method?
by
Lexurdania
on 09/08/2018, 08:46:41 UTC

For something that can become a popular means of payment, you need the following:
Store of value: allowing individuals to make intemporal choices on when to spend their purchasing power
Medium of exchange: facilitating the exchange of goods and services by eliminating the inefficiencies associated with a barter economy
Unit of account: acting as a measure of value in the economic system.
Do you think the bitcoin has all three of these elements? I am looking forward to the bitcoin will become a popular payment method in the future.
People will understand that bitcoin is worthy and tested when different countries and companies will prove that for them by their own experience and example, would be lovely if we will have some test area where we will make Bitcoin a payment system.

Bitcoin can be popular method if most peoples connected internet. Bitcoin have multiple function, it can used for investment and currency at the same time. The most important thing for bitcoin if want to used for payment is regulation from government. If bitcoin regulated by government for payment, I am believe many merchant accepting bitcoin and it will people more knowing about bitcoin and want to use it