Breez has released an a new report Investigating the use of Bitcoin for a payment system and as transactional currency. Bitcoin is often referred to as digital gold. This is a long-standing narrative about what Bitcoin is. The article does have a good description of Bitcoin’s use as a speculative or long-term asset. It has helped people get over their first hurdle of understanding Bitcoin.
This report explores multiple aspects of Bitcoin as a payment system. The report examines the different uses cases, different regulatory treatment received by different jurisdictions and services or platforms that have Lightning Payments integrated.
The case studies include specific business and their volume of transaction or the userbase that they provided Bitcoin access for. Mercari is a Japanese online marketplace that’s similar to Amazon. It accepts bitcoin. Mullvad VPN Namecheap Protonmail, are examples of digital business that benefit from bitcoin payments.
Bitcoin as a method of payment is steadily growing, even while the Bitcoin narrative about digital gold is strong. Bitcoin is used in commerce to store value, which may be necessary. However, its ultimate purpose was for transactions.
Reports are available for download here For more information on the quiet revival of Bitcoin transactions.
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Source: bitcoinmagazine.com
