Posted September 16, 2018 08:14:13 Bitcoin is gaining popularity in recent months, and many businesses are taking advantage of it as a way to pay their bills.
One of the best ways to get your hands on Bitcoins is to use an online payment processor, according to a new report from research firm, PwC.
The report suggests that about 10 percent of all US online purchases made via Bitcoin can be traced back to one of those online payments processors.
According to PwA, about 1.7 million people have Bitcoin accounts and an additional 400,000 users are “unregistered users.”
The company’s analysis is based on the volume of transactions, the average transaction fee, and the average amount of time between transactions.
There are some obvious differences between using Bitcoin for payments and buying things on a shopping cart.
Payment processor fees are much higher than the average consumer credit card transaction.
The average transaction costs a minimum of $0.07, but transaction fees can vary significantly.
PwCs analysis found that transaction fees are $1.29 to $3.33 on average.
Bitcoin users are not necessarily purchasing more goods or services, but they are purchasing more Bitcoins in the process.
PwC’s analysis also found that Bitcoin purchases are mostly made by people using online banking accounts.
PWC says that the average Bitcoin transaction fee is $0 to $2.30.PWC also found some notable trends.
The majority of Bitcoin purchases made by Bitcoin users are for goods, services, or merchandise.
PWCs analysis shows that about one-third of all Bitcoin transactions occur over the Internet, and almost half of the transactions are made via credit cards.
Other notable items in PWC’s report include:PwCs estimates show that Bitcoin transactions are a $50 billion-a-year industry, with the average price of a Bitcoin transaction at $21.87.
That’s a significant jump from the $4.4 billion in 2015.
Pwc found that about 2 percent of Bitcoin transactions were made through credit cards, and another 2 percent were made by PayPal, which is not unusual.
The report also found significant growth in Bitcoin usage in the last 12 months, from $3 billion in the fourth quarter of 2018 to $4 billion the first half of 2019.PWCs research suggests that there is an increasing number of people buying Bitcoin as a means to pay for goods and services online.
PWA estimates that nearly 2 million people are “online shoppers” in the US, and they account for almost 3 percent of total Bitcoin purchases.
“Online shoppers are likely to be more inclined to buy and sell goods and to pay with Bitcoin,” the PwB said.
However, PWC cautions that there are significant risks to using Bitcoin as payment.PWA says that “policymakers should be mindful of the potential for money laundering and terrorist financing, especially in light of the growing number of Bitcoin users.”
PwB’s analysis suggests that Bitcoin transaction fees will increase from 1.29 cents per Bitcoin transaction to 1.36 cents in 2018, and from 2.49 cents to 3.04 cents in 2019.
Another report from PwCA finds that Bitcoin is the most popular cryptocurrency among Bitcoin buyers.
PwaC says that Bitcoin was the most profitable currency for Bitcoin buyers, with about 30 percent of the total market.
It also notes that the Bitcoin price has increased dramatically over the past year.
If you’re interested in learning more about Bitcoin and other cryptocurrencies, you can visit Pwca’s blog, Bitcoin.com.