Bitcoin Fees Are Currently At Its Lowest In 18 Months
If you are thinking of sending Bitcoin or using it to buy something, now is a good time to do it because Bitcoin fees are currently at its lowest in 18 months.
The average transaction value of Bitcoin is currently below one dollar.
However, not all Bitcoin users could benefit from the low fees because withdrawing BTC from exchanges still depends on the exchange's standard fees.
There is nothing to go against the exchanges because they use this fees to operate and provide services to their traders.
As what Binance CEO Changpeng Zhao have said in his recent tweet, that withdrawal fees does not only cover the outgoing transaction but covers a number of processes such as:
PayPal Executive John Rainey Is Positive About Bitcoin As A Future Popular Payment Method
In a recent The Wall Street Journal (WSJ) interview, the chief financial officer of PayPal, John Rainey spoke positively about Bitcoin becoming a future popular option for payments.
Rainey told WSJ that PayPal was one of the first companies to accept the digital currency in their Braintree Platform back in year 2015.
However, because of Bitcoin's volatility at present, it is not a reliable currency for transactions.
As a merchant having a 10% profit margin and you accept BTC, you lose if Bitcoin drops 15% the next day.
When asked by WSJ about Bitcoin being a popular payment option in the future, Rainey said that there is a "very high likelihood" as there is a real merit to the technology.
Headlines for the world of Cryptocurrencies - February 21, 2018Arizona Will Soon Accept Bitcoin For Income Tax Payment / Japanese Cryptocurrrency Exchanges Tap Star Power For Advertising Their Services |
|---|
Headlines for the world of Cryptocurrencies - February 20, 2018Confirmed: South Korea Government Will Support Cryptocurrency Trading And Transactions / A University In Australia Launches The Country's First Open Blockchain Course |
Headlines for the world of Cryptocurrencies - February 19, 2018Omise And Thailand Signed An MOU To Implement A Nationwide KYC Program / Bitcoin Cash Is Added On The American ATM Network Athena Bitcoin |
