Fiat is better: bitcoin pay 80 percent less than in the beginning of the year
Source:According to analysts Chainanalysis, the use of Bitcoin in commercial activities were seriously affected because of the bear market. Given the steady drop in cryptocurrency, fewer retail outlets and buyers want to use it as means of payment. The figures look very pessimistic — the main activity of payment services of the crypts fell by nearly 80 percent.
theto Pay with bitcoins is not profitable
The Basis of the study Chainanalysis was a survey of 17 of the largest payment services related to Bitcoin and Althingi. After analyzing the data obtained it becomes clear that the popularity of the crypt is on the decline.
Analysts of the canadian company Coinpayments indicate a reduction in the total cost of all transactions doubled since the beginning of this year. While the turnover of bitcoins in the field of payments decreased from $ 427 to $ 96 million. According to the head of research firm Autonomous Next Lex Sokolin, the demand for Bitcoin in payment systems is slowly but steadily falling.
Although this year the main cryptocurrency had been relatively stable flat lasted from early summer until the end of October — some analysts believe that this is not enough to make the crypt as the main means of payment in the world.
An Expert from UBS Joni Teves said that for attracting the attention of most people, Bitcoin must become faster and cheaper. Kryptonitetm should also reduce the barrier of entry into the industry, that is to make payments in the crypt as clear to the simple inhabitant.
image Source — Reddit
Some well-known companies have even announced the end of support of Bitcoin. For example, Microsoft refused to accept digital assets in January, and the management of the gaming platform Steam has banned payments in bitcoin in December 2017, at the height of the success of the stock market. But in our Bitcoin always held in high esteem!
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