People are losing interest in paying for goods and services with Bitcoin. What's wrong with cryptocurrency?

Date:

2018-08-06 18:15:06

Views:

3176

Rating:

1Like 0Dislike

Share:

People are losing interest in paying for goods and services with Bitcoin. What's wrong with cryptocurrency? Source:

In late may, the fee in the Bitcoin network for a few hours below the level of Bitcoin Cash. The downward trend in the cost of remittances to the coin is observed from Jan. Despite this, 2018 may be the most failure-transaction — less traders transfer money in the cryptocurrency. He writes about this .

the

What can you buy with Bitcoin

The Publication cites companies BitPay, and GoCoin Coinify, which in September last year processed transactions Bitcoin to 411 million dollars. In may of this year the figure dropped to $ 69 million.

Reducing the interest of traders to the coin as a means of payment there are three reasons, says Nicholas weaver from the International computer science Institute. This volatility, high transaction costs and the irreversibility of transactions.

In fact, Bitcoin cannot be used in everyday life — it is extremely inconvenient. Net value of transaction using Bitcoin is much higher than with credit card. In addition, users are afraid to deal with scammers, so I prefer coins with reversible transactions.

Due to the fall in the volume of transactions of the company began to refuse to accept Bitcoins. As an example, the publication cites the payment system Stripe and booking service for tours and airline tickets Expedia. Organizations have to pay too much money for the service of such payments, so when the customer interest in this method of payment drops, they prefer to cancel the service.

Do you Feel the decline of interest in coins among friends and acquaintances? Share the experience with .

Recommended

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

CEO Binance: Ethereum and competitors are too slow for real world

CEO Binance: Ethereum and competitors are too slow for real world

There are many controversial opinions about how the blockchain should look like in the future. Some of the projects the potential is huge, while others are doomed to failure. CEO Binance, Chanpen Zhao I am sure that EOS need to th...

Brian Kelly: paying bitcoins to Starbucks will help in the approval of the ETF

Brian Kelly: paying bitcoins to Starbucks will help in the approval of the ETF

the world's Largest coffee chain Starbucks on the intention to take payment for drinks in bitcoins. The company entered into an agreement with the cryptocurrency payment platform Bakkt, designed by the owner of the stock exchange ...

What is needed in order for Bitcoin rose to 20 thousand dollars? The response of the investor

What is needed in order for Bitcoin rose to 20 thousand dollars? The response of the investor

In early June, the investor and co-founder of Galaxy Digital Mike Novogratz said that by 2033, the vast majority of databases will operate on the basis of the blockchain. by this time, the technology of distributed registry will e...

Talented grifters gathered 2.55 million dollars from the Chinese and disappeared. What was it like?

Talented grifters gathered 2.55 million dollars from the Chinese and disappeared. What was it like?

According to the report , more than 70 of Macau residents have become victims of a Scam cryptocurrency. They invested in the company, which promised monthly to them coins, but instead immediately disappeared. Took 2.55 million dol...

It's time for the party: the largest University of Turkey will explore the blockchain

It's time for the party: the largest University of Turkey will explore the blockchain

In the country active policy for learning a new technology at the University level. According to information , the efforts of the Turkish authorities in Istanbul appeared first centre for the study of the blockchain. the which uni...

Ready to get paid in the crypt? 31 percent of employees responding positively

Ready to get paid in the crypt? 31 percent of employees responding positively

You still do not receive their wages or part of a cryptocurrency? We know that you would not mind. Talking about this new survey in Google that has created a British technology company Sage. the Survey was conducted online, which ...

Custody Coinbase will add 40 new cryptocurrency. What coins can grow?

Custody Coinbase will add 40 new cryptocurrency. What coins can grow?

Coinbase announced the possible addition of 40 new digital assets to the service Coinbase Custody. A blog post the company says that, while the exchange will not consider listing them as trading instruments, so coins can be stored...

CRYPTOMACH / New ASICS from Innosilicon and Bitmain, criticism Baterina and mysterious Russian cruiser gold

CRYPTOMACH / New ASICS from Innosilicon and Bitmain, criticism Baterina and mysterious Russian cruiser gold

the First week of August was incredible. Cryptocommunist received three new ASIC miner nice comments about the future of Bitcoins and the news about billions of dollars in profits Bitmain. We also dealt with the imminent fork of B...

Where Bitcoin is the most popular? A visual map of the

Where Bitcoin is the most popular? A visual map of the

the Minister ... that the hype around Bitcoin is eroding. We can see how the cryptocurrency transformed from an experiment in financial revolution. The popularity of coins rising. highlighted those parts of the world where particu...

When the SEC finally accepts ETF? Forecast senior analyst at eToro

When the SEC finally accepts ETF? Forecast senior analyst at eToro

on the Eve investor and co-founder of hedge Fund BKCM Brian Kelly, that the decision of the SEC on the adoption of the ETF is of paramount importance. However, this will not happen until the USA does not appear adjustable cryptocu...

All to the bottom, Goldman Sachs said in a long fall in Bitcoin to the end of the year

All to the bottom, Goldman Sachs said in a long fall in Bitcoin to the end of the year

Now almost all the players of the stock market held its breath until the arrival of major institutional investors, industry to new heights. But Goldman Sachs analysts in this outcome do not believe. The group of experts of the inv...

It's not a dream: the largest network of US exchanges will start trading futures on Bitcoin

It's not a dream: the largest network of US exchanges will start trading futures on Bitcoin

the Intercontinental Exchange (ICE) announced their plans of listing futures on Bitcoin. ICE also plans to establish his own company, which will make the cryptocurrency a major financial asset in the world. About it writes . the A...

You can relax: bitcoin Mt. Gox will not move until next summer

You can relax: bitcoin Mt. Gox will not move until next summer

the Last part of Mt. Gox will end with the payment of compensation in Bitcoins to creditors of the exchange. The first transaction will be held until the summer of 2019. About it writes . the As the fall of Mt. Gox affected the S...

Coffee for Minutochku: Starbucks may start accepting bitcoins

Coffee for Minutochku: Starbucks may start accepting bitcoins

At the end of last year, the official one from Starbucks in Argentina in the placement of the script Coinhive, which is extracted from Monero without the knowledge of device owners. Now the situation has changed: Starbucks can of...

Who is bitcoin?

Who is bitcoin? "Irkutskenergo" rent of 14.8 Megawatts of electricity for mining

In January, private investors in Russia for the first time two whole plant for mining. It was about Kizelovskaya GRES in the Perm region of the 23.6 MW CHP and Sarapul in Udmurtia 10 MW. The new owner has no plans to launch produc...

Payback & Bithumb fell sharply after the suspension of registration of new accounts

Payback & Bithumb fell sharply after the suspension of registration of new accounts

the Trading volume of one of the largest kryptomere decreased by 40 percent after the temporary stop registering new accounts. Recall Bithumb from a hacker attack in June. A couple of weeks later, the exchange published an announc...

How much can you earn Bitcoin? The Answer Is Square

How much can you earn Bitcoin? The Answer Is Square

I Think it has a negligible impact on global non-cash payments market? In reality, cryptocurrency has long «paints» major profit for the companies. Square recently released a report, which reported the increase in income...

Top 5 simple and safe wallets to store cryptocurrency. How to save your bitcoin?

Top 5 simple and safe wallets to store cryptocurrency. How to save your bitcoin?

given the recent cryptocurrency exchanges priority is the safety of investors ' funds. Your main task is to save your bitcoins until the next major bullrun. Once again we remind you that the hardware wallets are the best means to ...