Who Accepts Bitcoin in 2020? (Top Companies) - CoinDiligent

Number of merchants accepting bitcoin over the time

Hi everyone! I'm searching for the number of merchants that are accepting bitcoin as a currency for their business incl. exact date (like: Lieferdienste.ch: 01.05.2015). It's for the research part of my thesis. Do you have any idea where to get this? Or maybe do you allready have it?
I've allready contacted many walletprovider but the data is too sensitive for them. There are also many lists, but they're not containing the exact time of access.
I'm thankful for every hint you can give me!!!
Rgrds
submitted by stferro to Bitcoin [link] [comments]

Number of merchants accepting bitcoin over the time /r/Bitcoin

Number of merchants accepting bitcoin over the time /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Number of merchants accepting bitcoin? /r/Bitcoin

Number of merchants accepting bitcoin? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Adoption is on the road! The number of merchants accepting $BTG worldwide is quickly growing! Cryptwerk lists them by sectors that make it easy to find what you need when you need it. Over 350 marketplaces already! Check it out -> cryptwerk.com/pay-with/btg/ #bitcoin #cryptocurrency

Adoption is on the road! The number of merchants accepting $BTG worldwide is quickly growing! Cryptwerk lists them by sectors that make it easy to find what you need when you need it. Over 350 marketplaces already! Check it out -> cryptwerk.com/pay-with/btg/ #bitcoin #cryptocurrency submitted by Asabmoni to BitcoinGoldHQ [link] [comments]

Hey is the number of local merchants accepting bitcoin gone up?

Yeah hi I'm wonder if anyone knows the amount of store's that accept bitcoin are around the matsu and anchorage area? I'm switching to bitcoin and need to know these things.
submitted by talkativetech to alaska [link] [comments]

How has actual usage (e-payments in bitcoin) evolved in 2014, actually?

I wonder how the actual usage of bitcoin as currency -- that is, in payment for goods and services -- has evolved since January 2014.
Statistics derived from the blockchain are useless for this purpose. Much of the traffic on the blockchain consists of "vain" transactions, where the inputs and outputs belong to the same person or company. That includes tumbing (and CoinJoin), hotwallet/coldwallet swaps, consolidating many small payments, moving coins to new wallet services or software, moving coins for safety, etc.. Some statistics try to exclude change-back outputs; but this filter does not work if the change is sent to a new address. The blockchain also contains many transactions where bitcoins are being exchanged for other currencies (through exchanges or over-the-counter).
Several hints indicate that total e-payment volume per day in BTC (Vpb) is less than 10% of the total transaction output volume per day (Vtb), and largely independent of the non-payment volume (Vtb-Vpb). Therefore, variations in Vpb are totally obscured by variations in the other kinds of traffic.
I suspect that the total BTC e-payment volume per day, expressed in USD (Vpu) has been falling over the last year, because
On the other hand, the only factor that would have led to increased Vpu during 2014, that I can think of, is
The falling price may also be inducing some bitcoiners to divest, in order to take profits or cut losses while the can; and some of these quitters may be spending their bitcoins insted of selling them. However, I have no idea of whether this flow has been increasing or decreasing through 2014.
Bitpay in particular seems to have been processing 1000-2000 BTC per day since 2013-01 at least; that was their contribution to Vpb. Considering how the price P has evolved, it follows that their contribution to Vpu saw a 8x to 10x increase from mid-2013 to early 2014, when they were processing almost 2 million USD per day; but then it declined gradually and today it may be 300 to 600 k$/day. These estimates (derived from the traffic in their presumed input wallet) are consistent with their claim that they were processing 1 M$/day in May 2014.
So, are there similar estimates for CoinBase and other processors? How does Bitpay compare to them? How much volume could there be in direct payments (without using payment processors)?
Gambling seems to be a major component of the blockchain traffic, in number of transactions and perhaps also in BTC volume. In my view, one should not count as "payments" the amounts that are sent as bets or received as prizes, but only the amounts that are retained by the casino as fees (since they are the price that players are paying for the entertainment service provided by the casino).
submitted by jstolfi to Bitcoin [link] [comments]

Who Accepts Bitcoin as Payments..? You Must Know !!

Bitcoin Boom in Japan :
The number of merchants accepting Bitcoin in Japan has grown by more than four times in the last twelve months! According to a latest survey ,the company that runs Coinjoker, one of the major Bitcoin exchanges in the country.
Another report is Aside from the Bitcoin exchange, ResuPress also provides Bitcoin payment processing for merchants similar to the service BitPay offers.
Good News for Bitcoin Investors , 4,200 Japanese shops accept Bitcoin !!
Which Online Websites That Accept BTC as Payment ?
1) US Hobby, an online shop that sells various gadgets 2) Osbourne Head, a shop that sells shampoo and hair products 3) Bam Boo Baby, a shop that sells baby products 4) TabsWear, a U.K shop that sells clothing 5) American Bullion, sells gold. 6) A1 Decals, sells decals 7) Advance Disposal, rent a dumpster in Sacramento. 8) WordPress, online blogging website accept bitcoin. 9) Reddit, a social and entertainment focused site, allows users to post news (Users can now buy Reddit gold with BTC.) 10) Namecheap, a website that offers affordable domain names. 
How Bitcoin Beats Stocks, Bonds, And Gold ..? - Always Be Critical When Bitcoin Prices Reach High!! Do you know the Secret..?? Why you are waiting ..? Come on & Get Free Consultations about Bitcoin investment !! Coin Joker will serve you ..!! https://cryptoexchangescript.com/
submitted by coinjokerscript to BitcoinAll [link] [comments]

Number of Argentinian Merchants Accepting Bitcoin Doubles Amid Inflation Concerns

Number of Argentinian Merchants Accepting Bitcoin Doubles Amid Inflation Concerns submitted by buzzdron to Bitcoin [link] [comments]

BitcoinAll comment: Less than a thousand, the number of accepting Bitcoin merchants in Japan has increased more than four times in the past twelve months, according to a new survey by ResuPress . Join the conversation!

BitcoinAll comment: Less than a thousand, the number of accepting Bitcoin merchants in Japan has increased more than four times in the past twelve months, according to a new survey by ResuPress . Join the conversation! submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Merchants Accepting Bitcoin

Does anyone know where I can view a graph of number of merchants accepting bitcoin versus time from say 2011 up until this month?
submitted by suscitare to Bitcoin [link] [comments]

“I have my doubts that [bitcoin] could be a good currency,” says David Andolfatto, a St. Louis Federal Reserve Bank economist who’s hosting a public discussion on bitcoin later this month, “but I can see some modest value if a growing number of merchants start accepting bitcoin.”

“I have my doubts that [bitcoin] could be a good currency,” says David Andolfatto, a St. Louis Federal Reserve Bank economist who’s hosting a public discussion on bitcoin later this month, “but I can see some modest value if a growing number of merchants start accepting bitcoin.” submitted by montseayo to Bitcoin [link] [comments]

Number of Argentinian Merchants Accepting Bitcoin Doubles Amid Inflation Concerns

Number of Argentinian Merchants Accepting Bitcoin Doubles Amid Inflation Concerns submitted by BTCNews to BTCNews [link] [comments]

Number of bitcoin payments received by merchant advertising bitcoin acceptance.

At a local book fair, one merchant had bitcoin on the list of acceptable payment methods. I asked how many have paid that way.....
zero.
He indicated he is not a fan of bitcoin, but just wanted to see if anyone would use it.
submitted by endmathabusenow to Buttcoin [link] [comments]

0.12.8.9457 Content Discussion and Questions Megathread

https://forum.escapefromtarkov.com/topic/139581-patch-notes-for-01289457/
Please post all questions related to the new update in this thread.
NOTE: There will be no wipe with 12.8
Added:
New equipment:
New weapons and weapons parts:
Quality of Life changes:
Optimization
AI improvements:
Fixed:
Changed:
submitted by bobbypower to EscapefromTarkov [link] [comments]

Preliminary patch notes for 12.8 patch!

Added:
New equipment:
New weapons and weapons parts:
Quality of Life changes:
Optimization
AI improvements
Fixed:
Changed:
The 12.8 patch will NOT be on this week! Need to polish everything!
submitted by trainfender to EscapefromTarkov [link] [comments]

Cash: use it or lose it!

Is this the last decade of cash?

The corona pandemic is not helping. Belgian media is picking up the Australian news about the coronavirus found active 28 days on banknotes, without understanding that the 28 days is on the Australian polymer and paper banknotes, while Euro banknotes are made of cotton fibers on which the coronavirus gets inactive rather quick. https://medicalxpress.com/news/2020-04-euro-banknotes-safe-coronavirus-ecb.html
You are touching so much in shops, including the pay terminals everyone is touching, that cash won't add much risk.

Until this year, I used to not care, and pay everything electronically.

But in March I became the victim of an identity theft. My bank account was frozen, my bank cards and payment app blocked. Opening new bank accounts or credit cards was impossible due to being on a blacklist.

My employer could not pay my salary in cash. For most professions this is forbidden by law since 2016.

Friends lent me cash. But I discovered cash was refused at supermarkets, shops, public transport, parkings, fuel stations, hospital, physiotherapist, online webshops, Uber, Deliveroo, etc. Sometimes because of corona anxiety, but often already from before 2020.

Prepaid cards could be a nice solution. But even while they are debit cards, in Belgium they seem to be refused where credit cards are refused, since they are Visa or Mastercards cards. These are refused in many Belgium places, since merchants don't like the higher costs. Not many prepaid cards allow charging with cash. And their availability is in recent decline: this year at least the following prepaid cards stopped or are announced to stop: Carrefour prepaid Flex card, BNP and Hello. The decline might be due to new very strict EU anti-money laundering laws. The anonymous prepaid cards (and generic gift cards) are now restricted to 100 euro maximum recharge in their lifetime and 50 euro payments.

Cryptocurrencies are also in theory a nice solution. But their acceptance in Belgium is extremely limited. Thanks to Takeaway accepting bitcoin, I could order delivery from many local snack restaurants.
But I discovered that bitcoin and most other cryptocurrencies, while having an "anonymous" reputation, are actually only pseudonymous and extremely open and transparent: for every transaction the origin address, destination address, amount and timestamp are recorded for eternity in a public ledger for everyone open to consult. When I buy something, the merchant can see how many coins I have in my wallet address. Buying, spending or selling coins are activities that can get your name connected to your addresses. Developers try to solve this privacy issue, but I'm afraid the war on anonymity (related to the war on cash) will crush that before cryptocurrency payments become popular.

So, my identity theft experience has awakened me: sharing your personal details in so many places caries a lot of danger. Think about it: while the law became more strict, there are still many (online) shops and restaurants taking knowledge of your credit card number, expiry date, CCV and your name. That's still enough information to do fraudulent payments in many places.

The cashless society is a surveillance society, with every payment traced. And it creates a lot of dependencies: electricity, internet, and permission by the banking and payment system. Once you are on a blacklist, even if you did nothing wrong, but somebody pretended to be you and did fraudulent payments, you are screwed for at least months.

So, now that I'm finally off the blacklist, I opened several bank accounts. That will not help for all issues, but still: having only 1 bank is really dangerous.

And from now on I pay everything possible with cash. Not just to keep my personal details safe, but also to keep the cash usage statistics high. Did you notice that the financial sector is regulary reporting the cash withdrawals decline? They report both the total amount withdrawn and the number of withdrawals.

I learned that the bank and payment processors are fighting a war on cash and they are actively lobbying the government for a reduction of the cash payment limit to 50 euro. Yes, an insane fifty euro! The banks are lazy about cash and want to impose negative rent without risking a bankrun. No cash is no bankrun. The payment processors just love the percentage they get from every payment.

Currently the acceptance of euro banknotes and coins for debts is compulsory by European law. But many merchants violated the law and we had at least one Belgian minister ignoring the enforcement. See e.g. this article from 2019: https://www.bruzz.be/samenleving/no-cash-doet-intrede-brusselse-horeca-2019-05-10.
The law has exceptions, e.g. for security reasons such as a pandemic. After the pandemic I will try to report all cash refusing merchants.
Merchants that refuse to accept cash payments can be reported at https://meldpunt.belgie.be or https://pointdecontact.belgique.be/. But I guess it is better to wait until after the pandemic.

We need to defend the right to use cash. And a crucial action to avoid the end of cash is to keep using it as much as possible.

Every time you pay with a bank card or app, you contribute to a cashless future where:
Use cash or lose it!
submitted by piabxl to belgium [link] [comments]

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

MERCHANT MONDAY - Because Bitcoin was meant to be spent!

Merchant adoption of Bitcoin Cash is where it's at. Here are the latest numbers:
If you know a business that might be interested in accepting Bitcoin Cash, try sending them to https://bitcoincashers.org/intro/for-merchants/.
And if you convince a business to accept BCH, let us all know below!
submitted by NeonWasteland to btc [link] [comments]

MERCHANT MONDAY - Because Bitcoin was meant to be spent!

Merchant adoption of Bitcoin Cash is where it's at. Here are the latest numbers:
If you know a business that might be interested in accepting Bitcoin Cash, try sending them to https://bitcoincashers.org/intro/for-merchants/.
And if you convince a business to accept BCH, let us all know below!
submitted by NeonWasteland to btc [link] [comments]

MERCHANT MONDAY - Because Bitcoin was meant to be spent!

Merchant adoption of Bitcoin Cash is where it's at. Here are the latest numbers:
If you know a business that might be interested in accepting Bitcoin Cash, try sending them to https://bitcoincashers.org/intro/for-merchants/.
And if you convince a business to accept BCH, let us all know below!
submitted by NeonWasteland to btc [link] [comments]

MERCHANT MONDAY - Because Bitcoin was meant to be spent!

Merchant adoption of Bitcoin Cash is where it's at. Here are the latest numbers:
If you know a business that might be interested in accepting Bitcoin Cash, try sending them to https://bitcoincashers.org/intro/for-merchants/.
And if you convince a business to accept BCH, let us all know below!
submitted by NeonWasteland to btc [link] [comments]

The greatest wealth transfer of this century! An analysis: British-US-Chinese Empires: Gold, Silver, Bitcoin, Ethereum!

"Inflation makes you pay 50 dollars for the 20 dollar haircut you used to get for 5 dollars when you had hair!"
Let's embark on a journey that made the United States the number 1 economy of the world.

1. Despite the British Empire's claim that it would for ever remain the leading empire,history can serve as a harbinger for what's to come...

At the peak of its power, in 1913, "the empire on which the sun never sets", controlled 25% of the planet's land mass and about the same percentage of the world's population. Britain was both the naval an imperial power of the 19th century, and between 1812-1914, its dominance resulted in relative peace in Europe and the rest of the world. The industrial revolution transformed Britain into the workshop of the world.
By the start of the 20th century things changed as both Germany and the United States started to challenge Britain's economic and influential leadership. As often happened during human history such challenging lead to war and although Britain achieved its largest territorial influence after WW1, the war had destroyed much of its economic strength, with losses in industrial and military power marking the begin of its demise.
During WW2, Japan occupied Britain's colonies, and after WW2, India, Britain's most valuable and populous possession, achieved independence. Much of the British Empire's influence is now enshrined in the Commonwealth Charter, stating shared values like democracy, human rights and the rule of law.
The United Kingdom's pound sterling was its world's reserve currency during its reign and by controlling the supply of money, Britain was able to influence its global power.
"Permit me to issue and control the money of a nation, and I care not who makes its laws!" Mayer Amschel Rothschild

2. The US Empire repeats this blueprint by claiming the U.S. Dollar's reserve currency status as its birthright!

The Federal Reserve Act.
The Panic of 1907 triggered many American's belief that The Federal Reserve Act, passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913, was necessary for financial and economic stability. The law created the Federal Reserve System, the central banking system of the United States.
The Bretton Woods System.
The FED ended immobile reserve issues and the inelastic currency problems and successfully internationalized the U.S Dollar as the global reserve currency. The usage of the prior nationally used U.S. Dollar expanded a first time when the Allies agreed to the terms of the Bretton Woods System, establishing the rules for commercial as well as financial regulations among the United States and its allies. Canada, Western Europe, Australia and Japan accepted the U.S. Dollar, which was backed by a gold exchange standard, making the U.S. Dollar "as good as gold". This was only possible because the United States controlled two thirds of the world's gold reserves.
Soviet representatives, who claimed that institutions like the IMF and the International Bank for Reconstruction and Development (IBRD) were Wall Street branches, didn't participate in Bretton Woods and later proved to be right, as the United States printed too much money (not backed by its gold reserves) to wage war on Vietnam, destroying a big part of the value of the U.S. Dollars held by its allies, due to the inflation of the U.S. Dollar money supply.
Yet, the initial demand for U.S. dollars created the American way of life: a consumer driven economy fueled by products made outside the U.S. in return for U.S. Dollars. As the Allied countries couldn't really buy any "Made in America"-products, due to the fact that the United States' elites rather outsourced their manufacturing, they instead invested their hard labor into U.S. Treasuries.
On August 1971, President Richard Nixon announced the unilateral cancellation of the direct international convertibility of the United States dollar to gold, in a response to halt the Allied countries' continuous attempts to exchange their U.S. Dollars for Gold. By 1973, the Bretton Woods system was replaced by the current freely floating fiat currency system.
The petro dollar system.
The second wave of U.S. Dollar adoption was the result of the petro dollar, making the global trade of oil U.S. Dollar denominated. Every country on this planet needed and still needs oil to operate and grow its economy, creating an enormous growth in U.S. Dollar demand and like mentioned before, those dollars had to be earned. Especially China served the United States consumer model by producing almost everything Americans can buy in Wall Mart and other stores. By relying on the U.S. Dollar reserve currency status, the American elites have made the mistake of outsourcing manufacturing to China, as often predicted by Donald Trump in the 1980's. The y figured it was easier to just print wealth.
The tradewar.
President Donald Trump, decided it was time to bring jobs back to the U.S. and started an ongoing trade war with China, the country that supplied the U.S. consumer driven economy, and proud owner of $1.07 trillion in Treasury holdings. The trade war has negatively impacted the economies of both the United States and China and will most likely result in the decoupling of both economies.
What is to come? My personal insights.
I see huge problems for the U.S. and the rest of the western liberal democracies. But especially the United States, who's currency amounts to no less than 60% of all the world's reserve assets, is vulnerable if and when China who only accounts for 1 or 2 %, says it is time for change. Most likely we will experience another banking crisis, with or without Covid-19, and unfortunately a bigger one when compared to the 2008 dissaster. Did you know that the global debt tripled since then? Many economists and politicians advocate the end of the U.S. Dollar reserve currency system and predict a reset. Every financial system has a limited lifespan similar to a human live: it is created, it grows, it matures, and unfortunately, it ages, weakens and dies. It happened to the Brittish Pound Sterling, and I am afraid that the days of this financial hegemony are numbered as well.
And I did write "afraid", why?
History tells us that these transition periods are particularly dangerous and have often led to full-blown military conflicts if not world wars. The current wealth transfer, the result of manufacturing outsourcing to mainland China, impoverished the United States and destroyed its middle class. President Donald Trump's analysis that the U.S. needs a strong manufacturing base is correct, yet without its allies the United States will not be able to turn the tide.
It took China decades to build its manufacturing base, and President Trump doesn't have the privilege of having the political luxury to design five year plans, as the United States capitalistic and political model specializes more on presidential campaigning and less on economic planning, which is exactly China's strength.

3. The Chinese 'digital' empire.

China is ideally positioned to become the new global power: it produces many of our products and dominates most supply chains. It has been hoarding gold and mines most of the Bitcoin. It might just have the right reserve assets to back its DCEP, the digital Yuan, which will be pilot tested during the 2022 Winter Olympics hosted by China. Despite the fact that the United States and other western nations might not want to adopt the Yuan or allow it to be part of the world's reserve assets, China can demand payment in Yuan for its products. It's that simple! This is why outsourcing is such as stupid economic voluntarily yet fatal policy. If you only print money and don't produce goods, how long will the world play ball?
One of the results of Trump's trade war is that China and other countries such as Russia and Iran no longer want to be vulnerable to U.S. sanctions that come in the shape of being denied access to the financial system through Swift. The United States can indeed destroy a big part of Iran's economy, but Iran is now becoming a big cryptocurrency player. In other words, bullying those countries might work in the short-term, but in the long-term they will simply adopt a new standard: and I believe that the Yuan will likely play a major role in the financial system they will adopt.
This trend means that the expansion of the demand in U.S. Dollars will stop and reverse, when countries no longer want to use the currency whose issuer can economically destroy them through sanctions. The alternatives for such countires are cryptocurrencies like Bitcoin, Ethereum and many others, national CBDC's (Central Bank Digital Currencies), and the adoption of the digital Yuan.
This digital Yuan will be attached to the One Belt, One road initiative, finding adoption whilst developing huge infrastructure projects that will lead to a Eurasian trading zone. If the U.S. Military leaves the Middle East, as Trump brings home troops, this will create the right conditions for China to emerge as the victor.

4. Surveillance Capitalism - Insights on the DCEP (Digital Currency Electronic Payment, DC/EP):

  1. This centralized digital financial system works on blockchain and cryptographic principles and aims to increase the circulation of the RMB, in the hope it can become a reserve currency like the U.S. Dollar.
  2. Created and sanctioned by the Chinese Government, it is the only legal digital currency in China.
  3. The system offers Chinese regulators better monitoring abilities and will be an efficient tool against anonymous counterfeiting, money laundering and illegal financing. At the same time it reduces costs involved in maintaining and recycling bank notes and coins.
  4. As mentioned above, China aims to bypass Swift, which it regards to be a U.S. entity, and will be able to collect real-time data related to money creation, bookkeeping, essential information for the implementation of monetary policies.
  5. The pilot institutions for DCEP, China Construction Bank, Agricultural Bank of China, Bank of China and Industrial and Commercial Bank of China, will serve as a production test for China's new currency system, after which the DCEP will be distributed to large fintech companies such as Tencent and Alibaba to be used in WeChat Pay and AliPay. Transfers will not go through bank accounts, but through electronic wallets.
  6. By mandating that all merchants who accept digital payments must accept DCEP, the DECP will become the most accepted digital currency in the world.

5. Sings of hope.

If the United States adopts blockchain and issues a CBDC (Central Bank Digital Currency) backed by Bitcoin, they will have a reasonable chance to offer the western democracies a new type of dollar standard that can be an anchor versus the coming RMB. If not, I fear the worst is yet to come for the U.S. Dollar and its economy.
Many smart American economists and Wall Street goeroe's have finally figured out the remarkable strength of Bitcoin, the world's first and most favorite digital form of gold.
Some of the smartest investment capitalists like Ray Dalio and Warren Buffet have allocated more money into gold, a clear sign of trouble. Bitcoin might be a step too far for Warren Buffet, but rest assure that Wall Street investment management companies have figured it out by now, have you?
You can expect more institutions to allocate a % of their portfolio's wealth into Bitcoin and other cryptocurrencies, as a hedge against the systemic risk in our global financial system, which will inevitable start feeling the effects of the trillions that have been printed.
"Inflation makes you pay 50 dollars for the 20 dollar haircut you used to get for 5 dollars when you had hair!"
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Bitcoin: Why Merchants Love Bitcoin and Cryptocurrencies PayPal to Allow Merchants to Accept Bitcoin - YouTube Bitcoin Milestone: 100,000 Merchants and Organizations Now Accept Bitcoin Bitcoin Benefits Explained! ...and how Venezuelans use it to Survive Socialism Merchants accepting Bitcoin laud ‘zero chargeback risks ...

4,392 Bitcoin Cash Accepting Merchants. For over two and a half years, BCH proponents have been relentlessly promoting merchant adoption throughout the world. On Sunday the aggregate total of all ... According to their website, thousands of Shopify merchants are already accepting Bitcoin. 13. 4Chan . 4Chan is an anonymous imageboard community that was launched back in 2003. The website is known for its controversial discussion topics and multiple scandals that were coordinated through the platform. One notable example is when back in October of 2008 the 4Chan community was directly ... Being the second most popular cryptocurrency after Bitcoin, there is no shortage of merchants accepting Ethereum as a payment method. First, there is a guide to accepting Ethereum as a payment method written recently by Christian Haschek, an ethereum developer. While there are many Bitcoin payment gateways that are known and used, there is probably no major merchant yet that has risen to ... Bitcoin Milestone: 100,000 Merchants and Organizations Now Accept Bitcoin, Says Grayscale. by Daily Hodl Staff. August 24, 2019. in Bitcoin ‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎ ‎‎‎ ‏‏‎ ADVERTISEMENT. Digital asset management giant Grayscale says the number of companies and non-profits accepting Bitcoin around the world just crossed 100,000. The company released the figure as ... The number of merchants who accept bitcoin using BitPay passed 50,000 in December, with the firm now accounting for 53% of all merchants accepting bitcoin. Related. Facebook, Spotify and Ryanair ...

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Bitcoin: Why Merchants Love Bitcoin and Cryptocurrencies

BitPay recently released a study highlighting four merchants from different businesses that have implemented Bitcoin as a payment method. The parties selecte... Today I look at the simple process of getting set up to accept Bitcoin at your brick & mortar store using Bitpay as a payment processor. Tip address: 14rc4e5... In February 2015, the number of merchants accepting bitcoin for products and services passed 100,000. Instead of 2–3% typically imposed by credit card processors, merchants accepting bitcoins ... I have been seeing a lot of comments that merchants wouldn't accept Bitcoin due to volatility, or anyone for that matter. This is sad to see, because it is absolutely not true. Accepting Bitcoin ... businesses that accept bitcoin bitcoin merchant list bitcoin directory BItcoin Merchant List. Category Howto & Style; Show more Show less. Loading... Autoplay When autoplay is enabled, a suggested ...

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