At the beginning of last month, Bitcoin celebrated an important usage and adoption milestone, recording its 400 millionth transaction. This is a major turning point for the crypto since its inception a decade ago. Coupled with a remarkable price surge, confidence in Bitcoin’s longevity will undoubtedly increase even further. In this article, experts provide valuable insight with 4 ways to accelerate business adoption of Bitcoin.
Educate Merchants On How The Technology Works
“The most significant way to accelerate business adoption of Bitcoin is to educate merchants on how the technology works, and the benefits of accepting Bitcoin (and other cryptocurrencies) as a form of payment. With credit card fraud and interchange fees increasing each year, many merchants are already looking elsewhere, but it will take time before they understand and trust blockchain enough to adopt it within their business.