While many expected bitcoin to supplant the purpose of credit cards as well as supplant the banking organization inwards 2013, the cryptocurrency has faced challenges equally a payment organization since it has non been able to safely adapt its growth, according to Nasdaq.
Bitcoin is currently dealing amongst around issues equally a payments platform, mainly because the organization is experiencing growth at a charge per unit of measurement faster than it tin safely scale.
Stephen Pair, a co-founder of BitPay, said client service inquiries accept increased due to transaction confirmation delays. BitPay has equally good witnessed higher transaction fees for its ain transactions, causing the companionship to halt roofing bitcoin network fees on account payments.
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