Even though the number of Bitcoin merchants keeps increasing year by year, the major concern is the low number of actual Bitcoin customers they will attract. Bitcoin is meant to be used as a payment method for goods and services all over the world; yet the Bitcoin community hasn’t seemed to grow at a rapid pace in the past few months. Is this a sign of things to come, or is it a small bump in the road?
Bitcoin Offers Plenty Of Value For The Merchant
From a merchant perspective, there is no genuine reason not to accept Bitcoin payments, regardless of community growth around the world. Bitcoin payments are far cheaper and equally as fast in terms of funds changing hands compared to traditional payments. But the best part is there is no need to spend money on additional infrastructure, as all the merchants need is a computer, smartphone or tablet.
All in all, the savings potential for merchants is incredibly lucrative, as transaction fees can be cut by 95% or more in most cases. Even if there would be one regular Bitcoin customer every month, the costs saving associated with