Post
Topic
Board Bitcoin Discussion
Re: Number of Merchants Accepting BTC Payments Surged by 174% in 2023
by
Renampun
on 08/01/2024, 22:11:33 UTC
...

Despite the raised percentage being really expressive (174%), it doesn't translate in great numbers when we conclude there are only 9926 businesses accepting Bitcoin as payment method in the world.

In your opinion, why do you think more businesses accepting Bitcoin as payment method are concentrated in American and European continents?

In European countries and also America, the adoption rate for Bitcoin is quite high, apart from that the infrastructure they have is also supportive, whereas in other continents such as Asia or Africa, there are still many countries that do not have clear regulations regarding Bitcoin and other cryptocurrencies they consider only fiat should be used as a transaction tool.
with the adoption of bitcoin continuing to occur in European countries and also America, this will automatically encourage other countries to consider using bitcoin as a way to improve the economy of their citizens, but the thing that in my opinion will have a negative impact on bitcoin when adoption occurs is fees will definitely rise high, and that will already happen in 2023 when the ordinal protocol appears.