At the time of the adoption of cryptocurrencies by the world community, and this period can be attributed to 2018-2019, many said that bitcoin would be used as a means of payment uncontrolled and unregulated by central banks. Many predicted a great future for it in this segment: ATMs were installed - cafes, restaurants, and any other businesses tried to introduce bitcoin as a means of payment, but this story failed to get a widespread. After the collapse of the cryptocurrency market, as well as large delays in processing bitcoin transactions, and high costs, namely, it was used as payment at that time, many abandoned this venture.
Now few people use cryptocurrencies to pay for everyday goods, and the reason for this is not the problems of those years, but the high cost of transaction fees. Until the moment when the problem is relevant, sellers will refuse to accept cryptocurrency as payment. Experts from Morgan Stanley believe that the situation may change in the near future. The study says that the Strike payment company, which recently announced a partnership with NCR and the Blackhawk payment firm, has every chance to quickly seize a free niche. This means that a large number of shops and restaurants in the US will soon be able to accept payments in bitcoin. The Strike payment system will use the Lighting Network, which simplifies and speeds up data processing, making payments cheaper.
The partnership with physical stores is a more important milestone in the "evolution of the use of bitcoin as a means of payment", since more than 85% of sales in the US occur in stores, not online. As noted above, the commission for sending bitcoin transactions using the Lightning Network is close to zero - this is suitable for making microtransactions, for example, for buying coffee or a hot dog.
In the future, sellers will be able to accept cryptocurrency, and buyers will be able to make payments using crypto cards. More and more retail outlets will also be able to accept payments through existing payment terminals, which may lead to the widespread use of this type of service. Now the cryptocurrency is widely used for non-interchangeable NFT tokens. As more and more brands seek to advertise in the metaverse, there may be a growing need to accept various payment methods, including cryptocurrency. It looks like the future has already come, now it's up to the development of new technologies.
As for the technical picture of bitcoin
Today, the bulls managed to defend a large resistance level of $ 41,220, which they perfectly took control of yesterday. Against this background, the demand for bitcoin has only increased. Investors' fear is gradually decreasing as the world's first cryptocurrency moves to the $ 43,200 area, which confirms the strength of the March bull market, which has not gone anywhere. Yes, the downward correction was quite large, but the bulls coped with the task and broke above $ 41,200. The 200-day average around the $ 48,550 mark already seems not so far away, but active actions around $ 43,200 and $ 45,350 are necessary for the development of the initiative on the part of buyers. The fact that bitcoin is already beginning to gradually enjoy support from major players may soften its fall after today's speech by Federal Reserve Chairman Jerome Powell. The decline of the American stock market will surely pull bitcoin down with it. In the event of a fall in the trading instrument, only a breakdown of the $ 41,200 level will fail the trading instrument below the minimum of $ 39,290, and there you can reach up to $ 37,500. The bears' furthest target will be the $ 36,000 area.
As for the technical picture of the ether
The focus remains on the new resistance of $ 3,150. A break of this level will quickly return the ether to $ 3,306, and there is a 200-day moving average very close, which passes in the area of $ 3,480. Only the consolidation above will continue the upward trend for the trading instrument. The breakdown of $ 3,480 will serve as a new impulse to reach the levels of $ 3,540 and $ 3,685. In case of a return of pressure on ETH, purchases in the area of large support of $ 2,950 are not excluded. A break in this range will be a reason to go to the lows: $ 2,740 and $ 2,500, where the major players will again begin to actively act.