How To Make Bitcoin A Success in 2015

A few days ago, Bitcoin payment processor BitPay revealed some interesting statistics in regards to Bitcoin in 2014. Even though a ton of ‘news’ and ‘reporting’ has been done about the bitcoin price, there is much more to Bitcoin than just it’s monetary value. Where do people use Bitcoin the most? Is there more trading volume? Which companies started accepting bitcoin and is it available for everyone? The answers could surprise you.
Using Bitcoin – Focusing on Wrong Markets
If you have been keeping an eye on Bitcoin news in general, you may have noticed that we are seeing great success for Bitcoin adoption in the Western world. In fact, if you look at the top 5 Bitcoin countries in 2014, you will find the usual suspects there : Untied States, United Kingdom, Canada, Germany and The Netherlands. No surprised to be found in that list, by any means.
You have to ask yourself whether or not it is a good thing to see those countries in the top 5 though. In the Western world, we already have ample payment options, where Bitcoin will not make a big splash as everyday consumers simply won’t see the benefits of using bitcoin payments over traditional methods such as cash or credit & debit cards.

This post was published at Crypto Articles on February 6, 2015.