Pay with Bitcoin?
What exactly can I buy with Bitcoin? Should I use the Bitcoin to process payments at all? Is it a means of payment or not?
What continues to affect Bitcoin’s (in)stability is the convergence between payment options and pure speculation. A study by the US Federal Reserve Bank showed that there is obviously an imbalance here. While many people continue to speculate with Bitcoin, its actual use as a means of payment leaves much to be desired at the moment.
Bitcoin ends era
In the Bitcoin whitepaper published in 2008, the crypto currency is mentioned for the first time as a peer to peer means of payment.
Which was anything but usual, because this was the beginning of the end, the end of third parties and financial institutions in between.
Also with the new Lightning update it can be speculated how many people really attack their Bitcoin treasure to pay for the Cafė or Burger. On the other hand, there are enough places in the world, especially in big cities, where you can spend your electronic cash. From steak to yacht rental everything is there.
Bitcoin as an alternative to gold?
However, Bitcoin has become much more lucrative for long-term investors who compare the crypto currency to gold (due to the limited number and growing value). In the future this will probably change little or nothing, why should you give away a coin whose value could multiply in the next few years? In addition, other tokens and coins currently offer much better and faster payment options.
The best example for better and faster payment with crypto currencies is ProtecTHOR with the PTX token and the ProtecTHOR PoS payment system with instant transactions, i.e. processing of the payment process in real time.