October 29, 2021 13:29:41
- Although the U.S. has yet to adopt cryptocurrency as a form of payment, other countries have begun the adoption process
- Mastercard will be one of the first major credit card companies to convert to cryptocurrency instead of a point system. The bitcoin can be used to get airline miles, hotel stays, gift cards, and more.
- In 2020, it was estimated that 328,370 bitcoin transactions go through each day, with approximately 15,174 businesses accepting crypto as a form of payment
- LQwD’s Lightning Network helps to send bitcoin payments, providing quicker settlement times and fewer user fees
Since the introduction of bitcoin, cryptocurrency has been steadily increasing in popularity among users. The rise in popularity promoted an increasing number of businesses and institutions to adopt digital currencies. Even some countries, such as El Salvador, have begun accepting bitcoin as a form of currency.
Although the United States has yet to commit itself to crypto, major credit card company Mastercard announced plans to incorporate bitcoin and other cryptocurrencies into its payment and banking platform (https://ccw.fm/o77IY
). Most banks and credit card companies reward members with…
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