- May 26, 2014
Bitcoin’s merchant adoption has actually gone down this year, according to the Bitcoin ABC lead developer.
In an episode of BitTopia, Amaury Séchet mentioned Bitcoin merchant adoption and its present status. He sees a decline in adoption in 2017, with more and more merchants formerly comfortable with supporting Bitcoin now choosing to no longer do so. The connection between this trend and ongoing high fees is fairly clear as merchants no longer find it viable to accept Bitcoin transactions for smaller payments, and consumers no longer finds the novelty of the transaction to be worth the fees.