RATE Group | Global Bitcoin Technology Market Study 2019 | Market Projected to Exhibit a CAGR of 8.3%…
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Global Bitcoin Technology Market Study 2019 | Market Projected to Exhibit a CAGR of 8.3%…

21 Nov Global Bitcoin Technology Market Study 2019 | Market Projected to Exhibit a CAGR of 8.3%…

Posted at 16:13h in Bitcoin News by

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DUBLIN–(BUSINESS WIRE)–The “Bitcoin Technology Market – Growth, Trends, and Forecast (2019 – 2024)” report has been added to ResearchAndMarkets.com’s offering.

The bitcoin technology market is estimated to grow at a CAGR of 8.3% over the forecast period 2019-2024.

Due to zero risk of inflation, bitcoin is trending over the years. Bitcoin system was created with the sole purpose of being finite. Thus, without the possibilities of issuing excess currency, the threat of inflation comes down to almost zero. This point benefits both the seller and the buyer.

Transaction fees for bitcoin payments are significantly lower in comparison to the ones made for credit and debit card purchases. This feature is an advantage for SMEs as they have a limited budget. There is no fee to receive bitcoins, and many wallets let the user control how large a fee to pay when spending. Higher fees can encourage faster confirmation of a transaction.

Bitcoin mining has caused huge burden…

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