Bitcoin fees are decreasing:
- Fewer transactions result in lower transaction costs, which ensures that users integrate their bitcoin (BTC) into their SegWit account. Transactions from a SegWit benefit from lower transaction costs.
- Some commercial players have begun to see the benefits of using a BTC as a coin, though Steam and Stripe now reduce the cost of bitcoin payments and its volatility. Both companies accept bitcoin for bulk transactions, low value, and will continue to use bitcoin as a payment option.
- These payments may continue to be pushed down to the future Lightning Network (LN), a two-way payment channel, locking up time allowing almost free transactions. WooCommerce shows an active LN channel, although the LN solution is still in the testing phase in further development and testing.
- Lightning Network is a scalable bitcoin solution that makes bitcoin network more flexible and improves speed and transaction costs.
However, larger deals, such as real estate transactions in Miami and New York, school fees, even attorney fees continue to be paid by bitcoin. A Montessori school in New York even ranks bitcoin and ethereum on par with other cash or prepay transactions, and does not accept credit cards.