Bitcoin Usage Among Merchants Is Up, According to Data From Coinbase and BitPay
Although bitcoin adoption may move at a glacial pace, merchants are seeing sustained traction regardless of market dips.
Although a variety of e-commerce platforms are booming during COVID-19 lockdowns, bitcoin payments remain exceedingly niche.
The platform will use blockchain to automatically input payments data into bank records.
Crypto exchange Kraken has donated $150,000 to the foundation managing BtcPay Server, an open-source tool for merchants accepting bitcoin payments.
Bitcoin-loving retailers can now receive BTC from customers paying in fiat.
This is the first new cryptocurrency added by Coinbase Commerce since it added USDC in May 2019.