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. 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.
Do you think there is a solution to this, or B2B and P2B, business that uses bitcoin should find another alternative to payment method instead of Bitcoin?
For those who are into business that make use of bitcoin, how do you harness this situation of high transaction fess to not affect your business and customers? So that others will learn from your tips.
Sadly this is the case right now, Bitcoin is unusable as a payment method by online sellers. Although before the main reason is that it's volatile, now it's the high fees because we have been under attack before the developer of Bitcoin ordinals have found a loophole and exploit it and they it created hype causing the mempool to be also congested, hence bitcoin enthusiast trying to get their transaction to be in front by paying high fees.
I'm not into business that take Bitcoin, but in this kind of situation? I will honestly stop accepting it. And then uses other crypto as an alternative because
BTC is not viable for use now.