These are very interesting times for Bitcoin, which evidently remains the world’s leading cryptocurrency. Despite a price revival of some sorts, it now appears yet another service provider is ending BTC support altogether. South Africa’s PayFast is the latest company to do so, as they experience major problems with Bitcoin’s inherent design. Transaction Fees and Confirmation Times Two of the biggest hurdles associated with using Bitcoin as a payment method is how the currency is expensive and slow to send and receive. More specifically, the Bitcoin network requires a fixed number of network transactions before the money transfer is effectively
The post PayFast Removes Bitcoin Payments due to Inherent Technical Flaws and Shortcomings appeared first on The Merkle Hash.
Powered by WPeMatico
