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Bitcoinist
2018-08-04 23:00:20

Bitcoin Merchants See Payments Decline in 2018, Despite Record Low Fees

Crypto merchant-processing services are receiving less bitcoin than before. Volatility, transaction fees, and an inability to reverse transactions have been cited as the reasons why. Leading crypto merchant-processing services are receiving less bitcoin. In September 2017, companies including BitPay, Coinify, and GoCoin received $411 million. After a low of $60 million in May 2018, the figure now sits at $69 million. The numbers suggest that people are choosing not to spend bitcoin for goods orRead MoreThe post Bitcoin Merchants See Payments Decline in 2018, Despite Record Low Fees appeared first on Bitcoinist.com.