Post
Topic
Board Bitcoin Discussion
Re: My Online Shopping Exp. With Bitcoin – Faster, Cheaper Than Visa, Paypal
by
ETFbitcoin
on 21/03/2018, 14:59:52 UTC
Nice article and congratulation for discovering merchant which accept zero-confirmation Smiley
Also, almost-instant transaction confirmation aka zero-confirmation already used/accepted since few years ago even without SegWit.

Hi all i just wanted to share my experience recently using bitcoin since the implementation of SegWit, i went online shopping and when i proceeded to the checkout of clothing store Marbek i selected Coinbase as Payment method. I was presently surprised at how fast bitcoin was and how the whole process was overall. https://www.cointrust.com/news/my-online-shopping-exp-with-bitcoin-faster-cheaper-than-visa-paypal

It is great to buy things with bitcoin but many merchants are just negative to accept bitcoin due to its volatility. During the last great price drop from 20k$ to 6k$ many merchants have suffered from huge losses due to the price drop. And that is why the number or merchants have decreased and even huge businesses online have started to decline the use of bitcoin due to their losses.

Only applied to merchants who use payment processor or payment gateway but don't choose to sell received bitcoin immediately.