Amid the current global economic turmoil the largely misunderstood and somewhat maligned cryptocurrency, Bitcoin, has come into the spotlight as a realistic foil for existing payment methods. While the Bitcoin debate rages, fuelled by the emergence of the mistifying Blockchain, the trend is clear: more and more people are using it. This is evident in the 236,175 transactions per day seen in January.
Cryptocurrency experts with their feet firmly planted in emerging and developed markets believe that the Bitcoin adoption curve is about to head northwards. Their assertion is that more merchants will start accepting it, especially when the benefits of fast transactions and low fees enter the equation. “As more people use and accept Bitcoin, it creates positive feedback loops for usage and trust,