This article is about blockchain, business, and technology news. Here’s the summary:
London’s Century Club has become one of the few venues to accept cryptocurrency payments by installing BTC terminals. However, BTC’s use as a payment method has stagnated. Cryptocurrency usage is reported to have fallen to 1% in 2023. Stablecoins, particularly USDC and USDt, have become more prevalent, with a reported $10.8 trillion in trading volume in 2023. BTC’s high transaction fees and block times make it unsuitable for small-scale payments. Solutions like the Lightning Network could increase BTC’s potential as a payment method. Stablecoins and BTC can coexist, playing different roles. Share your thoughts in the comments.