The question of what effects bitcoin would have when it becomes a widely adopted form of payment for goods and services globally leads to highly speculative answers. There are positive and negative outcomes that can arise from the adoption. To understand the eventual outcomes, it is also important to have a general view of bitcoin’s journey to becoming a relatively popular alternative payment option.

Accepting Bitcoin as an alternative for goods and service would have been very nice considering that it would work electronically when buying goods and services. Anyone who has the implementation of Bitcoin wallets can accept or issue payment with bitcoin. Therefore, allowing many people to have bitcoin wallets is the only requirement for ensuring smooth transactions from the consumer’s side. They can be implemented in many payment methods, such as mobile payments and wireless payments.


Please share with me your opinion concerning adopting Bitcoin as an alternative for goods and services.