Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?
We the bitcoin users should do a way where we can promote bitcoin to others. The adoption will not occur if we will not do something. I keep influencing my friends to patronize bitcoin for them to get also opportunities and benefits. There are now many people that I influenced who sharing their information to others, it is like a domino effect where people are becoming aware to blockchain technology.