As Bitcoin’s payment options grow, BTC true future role up for debate
Declaring BTC a store of value — e.g., gold 2.0 — but not a medium of exchange, defies logic. It must first have a use case. In an August 2020 paper “Is bitcoin money?” Peter Hazlett and William Luther wrote that there exists only “a small corner of the internet where transactions are routinely conducted with Bitcoin serving as the medium of exchange.” But that corner may be growing into a room, or even a house now. “Demand for Bitcoin has certainly grown over the last year,” co-author Luther, assistant professor of economics at Florida Atlantic University, told Cointelegraph in a recent....
Related News
A resolution put before state lawmakers in Utah could see the Beehive state legitimize Bitcoin as a legal payment method. H.C.R. 6, the “Concurrent Resolution on Payment Options for State Services” introduced by Republican Marc K. Roberts: “[P]roposes the creation of the Council on Payment Options for State Services to study whether and how the state could accept bitcoin as a valid form of payment.” Consideration of such a resolution at state level means Utah joins several US states taking an active stance towards Bitcoin’s role in the local economy. One of these is New York, which is in....
The true cause of bitcoin’s recent pullback and how the Davos globalist agenda plays a role.
Bitcoin’s infamous energy criticism is misguided as mounting research shows the exact opposite of those claims are true.
Unconfirmed reports are indicating that Microsoft has started accepting Bitcoin payments at its UK-based online store. The report first leaked on Reddit's Bitcoin forum where a random user posted screenshots of Microsoft's 'Payment and Billing' section. Much like the company's US online store, Bitcoin was listed among the payment options in the aforesaid image. However, as we looked into the Microsoft's publicly available 'Payment + Pricing' page, there was no mention of Bitcoin. It only listed Visa, MasterCard, American Express and PayPal as its default payment options. Considering the....
There are clear advantages to be had by Palestine in adopting Bitcoin, but the path to do so is not so straightforward as has been claimed before.