Cryptocurrencies
Bitcoin's Use in Commerce Keeps Falling Even as Volatility Eases
- Chainalysis study shows payment usage peaked in September
- Merchants seeing more transactions for bigger-ticket items
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Who’s using Bitcoin to buy and sell goods and services?
A lot fewer people than you probably would have guessed. After peaking at $411 million in September, the amount of money the largest 17 crypto merchant-processing services received in the best-known cryptocurrency has been on a steady decline, hitting a recent low of $60 million in May, according to research that startup Chainalysis Inc. conducted for Bloomberg News.