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Why do companies continue to accept Bitcoin?


Earlier this week, Japan's largest Point of Sale (PoS) service provider, AirRegi, officially started Bitcoin's integration process as a payment method. At the end of the integration process, more than 260,000 traders accept Bitcoin in Japan, including restaurants, cafes, bars and shops.

Less than a week has passed and the leading food provider in Germany announced the integration of Bitcoin.

Anyone who follows technical and scale discussions within the Bitcoin and encryption community should be aware of the ongoing marketplace price debates. Some argue that taxes are too high and is turning Bitcoin into a premium value store, inefficient as a digital currency.

On the contrary, there are many analysts, users and investors who also claim that the size of the Bitcoin mempool, as well as the size of the Bitcoin block, has dropped significantly in recent weeks.

Bitcoin's portfolio of platforms, including Blockchain, which handle more than 15 ml of portfolios, recommended a commission of about $ 0.2 for medium-sized transactions at about 50 percent per byte.

For traders, Bitcoin fees are much cheaper than the two credit card transaction rates they have to cover. Most consumers are unaware of this tax as traders are usually made to cover transaction costs for consumers. So, current Bitcoin fees ranging from $ 0.2 to $ 1 are not so expensive for traders to deal with.

In Japan, some of the largest and most influential companies already accept Bitcoin. Japan's largest electronics distributor Bic Camera has accepted Bitcoin for months and some users claim that the Bic Camera along with many dealers accepts zero confirmation transactions due to the current status of the Bitcoin component.

Segregating Witness Testing (SegWit) actively stimulates Bitcoin's demand from merchants, as transaction fees become cheaper and the network becomes more efficient.