How To Overcome Bitcoin's Limitations As An E-Payment Option

in #ripple2 years ago

Bitcoin is a revolutionary technology, but it is also a relatively young technology. Cryptocurrency has been around for less than 10 years, and there are still some limitations that need to be overcome before it can help retailers and other businesses increase revenue.

One of these limitations is that Bitcoin does not work well when you want to pay a large amount. You can't buy that much BTC at once, so if you want to make a purchase worth hundreds or thousands of dollars, you'll have to wait for your transaction to complete before making another purchase.

This can be frustrating for people who want to use Bitcoin as an electronic payment option, but also don't want to have to wait for their transactions to be settled. Another limitation is the time it takes for transactions to be processed after they are submitted. While this shouldn't be an issue for most users, it can be daunting for merchants who need immediate access to funds to pay their suppliers or employees on time.

However, these issues are not insurmountable – and if you look at how other cryptocurrencies have performed over time, they are not insurmountable either.