Breez, in collaboration with 1A1z, has published a new relationship that investigates the use of Bitcoin as a system of payments and transactional currency. Bitcoin has always been painted as digital gold, this is one of the longest narratives at this point in terms of what is actually Bitcoin. He captures use as long -term investment or a speculative resource, and it was a very useful help to ensure that people beyond the first basic understanding hump, but it is not at all a complete explanation of what Bitcoin is.
The relationship dives into multiple factors of the use of bitcoin as a payment mechanism. Different different cases of use, regulatory treatments received in different jurisdictions, services and platforms with existing integration of payments with lightning, etc.
Study cases are included by examining specific activities and the volume of transactions or the user’s base for which they provided access to Bitcoin. Mercari, an important Japanese market similar to Amazon, accepts Bitcoin. Mullvad VPN, Namecheap and Protonmail are all cases of digital activities that benefit from Bitcoin payments.
While Bitcoin digital gold narrative is strong, the use of Bitcoin as a payment mechanism is growing silently in the background. The archiving of the value can be a necessary component of the use of bitcoin in the trade, but the final purpose for which it was created was to treat.
Read the report here for more details on how the transactional use of Bitcoin is going through a silent Renaissance.