A recent study conducted by the leading Bitcoin payment processor BitPay shows that Bitcoin is slowly transitioning from a commodity into an everyday currency. As more and more merchants start accepting digital currency payments, either online or offline, there will be more cases, which in turn gives Bitcoin awareness – and hopefully adoption as well – a boost.
The results of this study may surprise you in multiple ways. Even though we have all been advocating that Bitcoin is a far superior payment method compared to traditional means such as credit and debit cards, as well as bank transfers or Paypal, there has been no official sign of merchants being swayed by this argument. But once they see the results provided by BitPay, they may very well change their minds.