Bitcoin use switching from investment commodity to everyday currency, new data revealsBitcoin has significantly shifted away from being a commodity traded by investors and towards being used as an actual currency used to pay for goods and services, according to new industry data.
Leading bitcoin payments processor BitPay has shared its latest research exclusively with IBTimes UK, revealing that the total number of bitcoin transactions more than doubled last year as a result of this shift.
At the same time, the average order value has dropped by almost half, signifying that as merchant and consumer adoption increases, bitcoin is moving from an investment commodity to a payment method.
http://www.ibtimes.co.uk/bitcoin-use-switches-investment-commodity-everyday-currency-new-data-reveals-1496316
