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Bitcoin revolutionizes payments. There is major growth happening because there is simply no other system that works as well as Bitcoin for fast international pa
by mrb 9y ago
Bitcoin revolutionizes payments. There is major growth happening because there is simply no other system that works as well as Bitcoin for fast international payments, as it works for all ("permissionless"), 24/7 (doesn't close on weekends and bank holidays), and quickly (10min block time).
See for example the growth and use of Bitcoin witnessed by payment processor BitPay:
https://blog.bitpay.com/bitpay-growth-2017/ https://blog.bitpay.com/bitpay-growth-2017/
It's hard to quantify exactly how much Bitcoin helps the economy on a global scale beyond these BitPay stats, because of the inherent decentralized nature of the tech. But we know it reduces payment friction, so it indirectly increases economic activity of its users.