For no one is a secret that the scalability of the bitcoin is the main reason why its commissions are so high and together with it the long time for the confirmation of the transactions made. This being the main drawbacks when it comes to using it as a means of payment of products making the users pay much more of the real cost of a product.
The company said it will take three months for customers to gradually reduce the use of the service, until the company stops processing payments with Bitcoin on April 23rd of this year. This is not to say that they are closing the idea of integrating cryptocoins as a means of payment for their products or services, they said that they are striving to integrate other cryptographic currencies to their platform, such as those corresponding to the blockchains of OmiseGO, of Ethereum or stellar, project which helped to finance. In addition, they said they might integrate Bitcoin variants, such as BCash and Litecoin. They said it is possible that Bitcoin can be integrated again in the future, if the improvements that are being developed in the network are successful.
And while some leave the other services want to enjoy the advantages that Bitcoin offers, this is the case of Nasdaq CEO, who recently stated in an interview that this stock exchange is rethinking its plans regarding the future contract of Bitcoin they plan to offer, which was announced last November. According to this, they are looking to create a future type of Bitcoin contract that is totally different from those already on the market.
We are interested in what is happening with Lightning and other proposals to allowfaster payments [...] Bitcoin could be re-viable as a method of payment again in the future. And, of course, there will be many more ideas and technologies in the coming years.
Product Manager, Stripe
We continue to investigate the idea of Cryptocoins futures with a partner, and we continue to analyze the risk management in this regard, making sure that we are implementing the correct protocols, ensuring that there is adequate demand, and that the Contract is different from those that already exist.
Adena Friedman
CEO, Nasdaq
The fact is that BTC still has very large weaknesses in providing its services, although due to the low current prices of the cryptocoins, the impact of the commissions has decreased sufficiently to make the use of minor transactions feasible. The problem is when it increases its value.
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