If Bitcoin becoming a mainstream payment system in the future there will be no banks controlling our money ,and the ideal of faster more cheap international payment will be more interesting . imagine sending money to someone with out any fees ,well it will mainly reduce the government control over citizen ,but first bitcoin most become known to the world .so what are your taught on this topic
Payment in Bitcoin is promising, with faster and generally cheaper international transactions without the need for banks. With such prospects, it might give more control over money to people. However there are some things that discourage people from using Bitcoin for regular payment. The price of Bitcoin being highly volatile makes its everyday use tricky. Unclear regulations and costs are a concern for businesses that would accept Bitcoin, and the network is slow and expensive during high traffic. Although Bitcoin offers many potential benefits like reduced fees and decentralization, to reach actual mainstream status will first have to tackle some current limitations.