Joining Bitpay, Steam and a few other companies who early on started using Bitcoin for payments, now even Microsoft stops using it due to high fees and volatility. Even though volatility is normal in all cryptocurrencies, the high price of Bitcoin and it's slow and expensive transactions are making it near impossible to use as a payment option.
This chart from blockchain.info shows the 7 day average cost in Bitcoin that was used to pay for transactions in the last few months:
In the meantime on the highly censured subreddit r/bitcoin it seems like moderators have stopped trying to figure out what fake news is and what isn't:
As Bitcoin is still facing the same problems for years of not being able to be used as a currency anymore, alternative currencies are eating up on it's marketcap daily and I don't see Bitcoin being on the top spot for much longer than Q1 or Q2.
I hope these companies haven't given up on cryptocurrencies in general and will look into using other ones in the future. How cool would it be if Steam accepted Steem. :)
