Pay with bitcoin is too difficult at this point I think because people need to learn what bitcoin is and how to use it and because it is volatile.
Instead people should pay via bitcoin. Lets Say I buy something from a US website but I am not from the US.
I got 3 options of payment:
pay with Paypal and it will cost me 102$
pay with bank wire and it will cost me 100$
pay via bitcoin and it will cost me 98$
pay via bitcoin = I pay 98$ worth of my country's currency, I don't know what bitcoin is and I don't care, all I know is it is cheaper than the other methods of payments. behind the scenes BTC is bought with my country's currency and the BTC are sold for US dollars to pay the website.
So this is like "bitpay" for the client side as well.
Do you think it is possible to make this "pay via BTC" cheaper than other methods at least for international purchases?
Many people are finally interested in Bitcoin is not only because the concept of money as representing the spirit of freedom that represents passion libertarians and anti-establishment, but also the technology he uses. Global integration of financial markets is currently hampered by one major problem. Move the most basic asset that is cash is still an expensive process, slow, and in an environment that is now infected by various fraudulent practices. For example, remittances through the banking automated clearing system can not be guaranteed settled on the same day. The process uses a software protocol that was built 40 years ago. Meanwhile, sending money via international wire also takes four to five days. The cost is too expensive which makes sending money in small amounts is not economical.
Bitcoin transactions technology can offer a cheaper payment system compared mmelewati citing banking services sizeable commission. Banking services is currently done through a managed system Visa and Master Card