Gold Anti-Trust Action Committee :
Bitcoin for payments a distant dream as use dries up
Submitted by cpowell on 03:06PM ET Tuesday, November 20, 2018. Section: Daily Dispatches
By Tom Wilson
Tuesday, November 20, 2018
LONDON — The use of bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfill one of the basic features of any payment currency: stability.
The value of bitcoins handled by major payment processors shriveled nearly 80 percent in the year to September, data from blockchain researcher Chainalysis shows. That suggests the cryptocurrency is struggling to mature from speculative asset to a serious alternative to state-issued money. …
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