Since its arrival ten years ago, cryptocurrency has struggled to enter mainstream commerce. This could soon change thanks to a new initiative, announced on Monday, that will reportedly see big name retailersincluding Crate and Barrel, Nordstrom, and Amazon-owned Whole Foodsnow accept Bitcoin and three other types of digital money.
One analyst is citing this development to be one of the many factors why Bitcoin is pumping and jumping right now. And indeed this can be a big good news as this can help a lot in pushing for Bitcoin massive adoption...or at least we now have the choice of new big merchants which include Bitcoin as their modes of payments for customers and consumers to enjoy. This is the kind of scenario that can really help the long-term viability of Bitcoin and it is imperative that we should be patronizing these establishments as doing so can push other merchants big and small to fully the lead. The more business that these merchants will be getting from people using the Bitcoin option, the more we are enticing others to adopt the same decision. I am hoping that soon it can be Amazon which will announce their integration with Bitcoin and other leading cryptocurrencies. This can be a big boost, indeed!