Valentino
Sun Jul 14 2024
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7 answers
1734
Can bitcoin be used as a micropayment?
Could you elaborate on whether Bitcoin is suitable for use as a micropayment solution? With its decentralized nature and cryptographically secure transactions, Bitcoin seems like a promising candidate for small, low-value payments. However, its transaction fees and processing time have often been cited as potential drawbacks. Would you argue that Bitcoin's scalability issues limit its potential for microtransactions? Or do you believe its security and global accessibility outweigh these concerns? Additionally, how does Bitcoin compare to other cryptocurrencies or payment methods specifically designed for micropayments?
