Square has enabled over 1 million merchants across the US to accept Bitcoin payments, but a Spiral report says few people use it for everyday purchases.
Even with a million merchants on board, hardly anyone is spending it. Merchants simply aren’t seeing Bitcoin circulate as a means of payment; $BTC is still being traded as an investment asset and continues to move sideways.
Even with a million merchants on board, hardly anyone is spending it. Merchants simply aren’t seeing Bitcoin circulate as a means of payment; $BTC is still being traded as an investment asset and continues to move sideways.