Bitcoin is one of the world’s best known digital currencies and has enjoyed huge success over recent years. This is a currency that has increased in value as well as in usage, and experts believe that this is for a number of key reasons. Bitcoin is classed as a safe, appreciating and decentralised digital asset, which has helped to aid its popularity as well as its value. The no-VAT ruling in Europe has also helped to enhance the popularity and value of this digital currency.
One of the key driving forces behind the increased value of Bitcoin is its widespread usage across the globe, with many now opting to make payments via Bitcoin rather than using other methods. For consumers, being able to use Bitcoin provides increased ease and convenience when it comes to online transactions with the added bonus of security and peace of mind – something that you do not always get when you use payment methods such as credit and debit cards ue to higher risk of fraud.
Another reason why usage has increased is because acceptance has also increased. There are now many places where consumers can pay by Bitcoin, as many companies now accept this as a method of payment. From eateries and coffee shops through to real estate companies and more, Bitcoin is nowaccepted in a wide variety of establishments.
With Bitcoin having become so popular, it is likely that the number of retailers and businesses that accept Bitcoin transactions will continue to rise. This in turn will further increase the usage of Bitcoin amongst consumers, which will have a knock on effect when it comes to the value of this digital currency.