2018-11-21 14:41 |
The sharp dip in price is hardly the only hurdle ahead of cryptocurrency mainstream adoption: Bitcoin usage among major merchants and payment processors has purportedly fallen 80 percent since the beginning of the year.
Despite hopes that 2018 would be a big year for mainstream adoption, research from blockchain analytics firm Chainalysis suggests that Bitcoin is swiftly losing popularity among major payment processors. The findings show the total amount of Bitcoin handled by payment processors has shrunk 80 percent during the first nine months of the year, Reuters reports. The trend indicates that the cryptocurrency is struggling to mature from…
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