Making Payments Using Bitcoin Highly Declined in 2018, Study Reveals

[Goodcat49]

Bitcoin use for commercial payments has largely dropped in 2018, according to a study conducted by Chainalysis as cited by Reuters.

To conduct this study, Chainalysis purportedly prospected 17 Bitcoin (BTC) payment processors. The total amount of BTC managed by significant payment processors purportedly fell by around 80% since 2018 started, to September.

The diagnosis of each payment processors figures supposedly reveals a downward trajectory. At Canadian company Coinpayments, the BTC value of transactions has dropped by nearly 3/4 between January and October this year, according to the Reuters reports, referencing data from OXT, a blockchain technology analysis site.

The Global director of fintech strategy at research company Autonomous Next, Lex Sokolin, revealed that "BTC payments processing is facing a slow but stable fall."   

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/making-payments-using-bitcoin/