Is Bitcoin Dying as a Payment Option?
Hi Steemitians,
About six months ago the news was littered with companies that were looking to integrate Bitcoin as a payment system. However, in the fast-paced cryptocurrency ecosystem, things have changed dramatically.
Now, there is a host of companies either turning away from Bitcoin or doing a full U-turn. Microsoft recently announced that after almost three years it would stop accepting Bitcoin.
Click the below link for full information
https://cointelegraph.com/news/is-bitcoin-dying-as-a-payment-option
Image Courtesy: https://cointelegraph.com
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I sure hope not! Keep in mind that this same topic was brought up a year ago when BTC was at its low (at the time). It always bounces right up!
@kishore1988 it is dying because of the high cost of transaction with bitcoin so people will naturally look for a cryptocurrency with little or no transaction fee. Only way it survives is to dial down on the transaction fee.