Question #90 ·
How are merchant partnerships expanding Bitcoin’s use as a payment method?
- They enable acceptance of Bitcoin by thousands of merchants increasing real world transactional utility significantly Right answer
- 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.