Bitcoin payments will start with merchants seeking lower costs, Lewis says

Merchants who already see Bitcoin as a way to preserve value could lead its adoption for payments, accepting it for goods and services to reduce the cost of collecting fiat currency and then buying Bitcoin. In an October 22 interview with Bitcoin Magazine, Parker Lewis, author of Gradually Then Suddenly and head of business development at Bitcoin payments company Zaprite, argued that Bitcoin’s usefulness for saving and spending is closely connected. The rationale for buying Bitcoin also gives businesses a reason to accept it, he said.

Source: TokenPost