Post
Topic
Board Bitcoin Discussion
Re: Bitcoin vs Traditional Payment Processors
by
odeskpawan
on 09/08/2019, 10:30:00 UTC
Although cryptocurrencies are aiming traditional payments methods, it has yet not managed to take over the old system. While the digital currencies have generated significant interest, its adoption rate is low, and government support for them is nonexistent.
And, not until the government recognizes BTC as the legitimate currency, it might take a while before we see its adoption. Also, there are many factors that need to be changed in bitcoin for it to take over the traditional system.