Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Usage Among Merchants Is Up
by
Willitivity
on 25/04/2021, 23:59:12 UTC
Bitcoin usage on the merchant is increasing every year. Although it's nothing compared to the use of credit cards. Bitcoin has a $4 billion purchasing power while credit card has $3.7 trillion, but not bad for Bitcoin since Bitcoin is still growing.


Quote
“People are not ready to pay with crypto. They prefer to keep it rather than spend it,” Daumas said.


This isn't a bad stat for Bitcoin since it only got recently got integrated as a payment method on some merchant stores. It would take a lot longer before it would be able to replace the status quo payment method which is debit cards