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Bitcoin's Use in Commerce Keeps Falling Even as Volatility Eases by vlemon

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cryptocurrency · @vlemon ·
$7.93
Bitcoin's Use in Commerce Keeps Falling Even as Volatility Eases
https://s15.postimg.cc/ok2di2du3/Market.jpg

* After peaking at USD411m in September 2017, the amount of money that the largest 17 crypto merchant-processing services received in bitcoin has been on a steady decline, to a recent low of USD60m in May 2018, according to analysis by Chainalysis Inc. 
 * Reasons for the fall-off in use as a means of payment include transaction expenses, and volatility in the price of bitcoin; certain early adopters, such as Stripe, have also stopped supporting bitcoin payments altogether. 
* However, some companies are reporting increased payments in crypto, such as Overstock.com, where crypto payments are up two-fold in H1 2018 vs. H1 2017.

* The report reconciles to my own view that crypto would struggle to replace mass-market retail payments systems such as Visa and Paypal due to issues with usability, fees, scalability, volatility etc. 

Source: [BloomBerg](https://www.bloomberg.com/news/articles/2018-08-01/bitcoin-s-use-in-commerce-keeps-falling-even-as-volatility-eases?srnd=cryptocurriences&utm_source=MIT+Technology+Review&utm_campaign=3dcfce5a75-EMAIL_CAMPAIGN_2018_08_02_06_23&utm_medium=emhttps://www.bloomberg.com/news/articles/2018-08-01/bitcoin-s-use-in-commerce-keeps-falling-even-as-volatility-eases?srnd=cryptocurriences&utm_source=MIT+Technology+Review&utm_campaign=3dcfce5a75-EMAIL_CAMPAIGN_2018_08_02_06_23&utm_medium=email&utm_term=0_997ed6f472-3dcfce5a75-156515313)

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vote details (36)
@emperorofnaps ·
re-vlemon-bitcoin-s-use-in-commerce-keeps-falling-even-as-volatility-eases-20180803t152133060z
You got a 26.81% upvote from @emperorofnaps courtesy of @vlemon!

Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
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@steemitromney ·
$0.05
Would it not be more fair to compare BTC spending instead of USD? Since the falling price has such a big influence...
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vote details (1)
@vlemon · 
It would definitely be a better metric to look at. But also people spending btc buy items in USD therefore I think it is still appropriate.
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