Bitcoin: High prices but low acceptation

     Bitcoin has multiplied its value this year by up to 250 percent. A month ago he reached the $ 3000 barrier after an impressive rally. However, its acceptance as a means of payment has not gone hand in hand with its high prices. The acceptance of the digital currency as a means of payment has not been quite good since there are very few sites where it is allowed to pay with Bitcoin.

     According to some world-renowned banks, the currency was accepted as a form of payment in 5 of 500 stores last year and for this year the figure fell to three stores that allow payment with Bitcoin.

     Analysts have some theories as to why this happens. The main cause that this happens is that most Buy Bitcoin people waiting for their rally to continue. These prefer to save their cryptocurrencies instead of using them to buy goods. Many of the Bitcoin investors use Bitxoxo, recognized as one of the Best Bitcoin Exchange, to carry out their operations and then send their digital coins to their e-wallets.

     Another cause is the problems with the scalability of cryptocurrency, which has caused transactions to be slow and costly, so that traders see it as unattractive as a form of payment. However, in other countries platforms are achieved in which operations are carried out quickly and effectively. For example, one of the Best Bitcoin Exchange in India, Bitxoxo, has earned itself a position as the primary platform for transacting. Thousands of people in India are very satisfied with their benefits although it still does not seem to convince business owners to take it as method payment.

     For other analysts there is another cause that may be generating this decline in Bitcoin and is because the people behind it are not exerting enough pressure to be accepted in the stores but are only relying on the high prices that Has been catching cryptocurrency.

     In order for Bitcoin to be accepted in more places as a means of payment, other strategies must be applied. For example, Bitxoxo is expanding to other countries and in that way allows the digital currency to become more popular and can be accepted by others. It does not focus only on the price but on the acceptance that you get as a form of payment.