Quote from: Agbamoni on Today at 11:27:24 AM

We all know that Bitcoin is used for making payments. So, people who buy uses bitcoin to send payment and those who sell uses it to receive payment from anywhere in the word. But the situation of high transaction fees is affecting buyers and sellers. They are now looking for an alternative to make payment instead of using bitcoin.

Don’t get me wrong but bitcoin is just an alternative and as a business person you look at which option seems suitable, bitcoin was projected by satoshi to be an alternative when fiat payment would be more like an hassle. Yes business using bitcoin as payment are actually doing well to grow its adoption but at this point it is best to find other alternatives like the local currency you use and use bitcoin when only for cross border transactions and it is cheaper or convenient.

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Another thing is that if transaction is made, sellers will have to wait for long to receive payment and no seller wants that kind of delay in his/her business.

6 confirmation is the secure number of confirmation needed by a seller to accept bitcoin payment although it could be less, this confirmation time actually varies but it is not as long as we place it today and the Mempool congestion doesn’t have any effect on the confirmation time if at all you set the fee at a transaction more than enough to get into the next block