Quote from: Abiky on May 03, 2019, 12:28:05 AM

Nonetheless, do you believe that there's hope for Bitcoin to beat traditional payment processors or will those same payment processors adapt to the Blockchain in the future? Huh

Yes, Bitcoin will soon replace these traditional payment processors in the future.

What the countries need to develop and adopt is a revolutionary payment method. The adoption of the Blockchain technology to this aspect may actually change on how people transact their payments. Like what other people mentioned, they may formulate their own blockchain or any related technology BUT nothing will ever compare or even come close to what Bitcoin has offered in the past few years.

Quote from: mitchr4 on August 14, 2019, 11:50:33 AM

Quote from: maydna on August 14, 2019, 08:55:52 AM

Quote from: keziakusayang on August 04, 2019, 05:33:04 AM

I believe and believe bitcoin will be able to compete and even defeat the traditional payment process that you said. we can see for yourself that there are currently more and more bitcoin hunters, it is not impossible that in the next few years bitcoin will master it.

That could happen if all countries decide to accept bitcoin and the other coins as the new payment system method so their people can make a transaction using cryptocurrency. So far, only a few countries which accepting bitcoin and another coin for another option of the transaction but soon, I believe that we will have more countries that will approve cryptocurrency. Cryptocurrency itself still grow until now, and we are seeing many new people who will adopt cryptocurrency, and they will use cryptocurrency in their daily life.

Traditional payment certainly loses because we already know that it is traditional, which means it still uses the old ways to transact. Digital payment or modern payment using Bitcoin is one of the best ways to make fast and easy transactions. It's just that the existence of Bitcoin is not widely known by people.

Adoption of this technology will inevitably happen in the future but we cannot force it if countries are not capable of adapting to this technology. The first step to adoption is being widely recognized in the world. Second step would be slowly implementing the technology and acceptance; and third would be the wild-scale production and application.