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Question #90

How are merchant partnerships expanding Bitcoin’s use as a payment method?

Category: General
They enable acceptance of Bitcoin by thousands of merchants increasing real world transactional utility significantly
They solely facilitate peer to peer lending using Bitcoin collateral without any retail payment acceptance
They cause increased Bitcoin mining requirements by mandating hardware purchases for payment processing capabilities only
They block cryptocurrency usage entirely due to regulatory restrictions imposed by domestic national financial authorities

Why is this the correct answer?

This is correct because partnerships with payment platforms and merchant networks allow businesses to accept Bitcoin directly for goods and services. For beginners, this means Bitcoin is moving beyond speculation into everyday use, reinforcing its role as a medium of exchange and expanding its real-world utility.

Related Terms

Collateral Mining Mining Difficulty

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Important Notice: This content has been generated with the assistance of artificial intelligence. While we strive for accuracy, there may be errors or inaccuracies in the information provided. Please exercise caution and verify any information before making decisions based on it. This information does not constitute investment advice, financial advice, trading advice, or any other sort of advice. You should not treat any of the content as such. CryptoMeteo does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own due diligence and consult with a financial advisor before making any investment decisions.

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