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Survey: Over 55% Rarely Use Bitcoin for Payments Amid Low Acceptance, High Fees

According to the survey, limited merchant acceptance (retailer willingness to accept Bitcoin) and high transaction fees (costs per transfer) deter usage, yet nearly 80% still support Bitcoin as a payment method.

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Summary

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Terms & Concepts
  • Bitcoin payments: Using Bitcoin to pay for goods or services.
  • Merchant acceptance: The share of retailers that accept Bitcoin as payment.
  • Transaction fees: Costs paid per Bitcoin transaction.