Bitcoin ‘not quite ready’ to be a standard payment option for sellers

Bitcoin ‘not quite ready’ to be a standard payment option for sellers

Bitcoin has tumbled about 15% in the past week. Despite its price appreciation this year (up more than 60%) and the enthusiasm around trading bitcoin, its acceptance as payment for transactions is still relatively low. That’s not likely to change in 2021— at least not on online marketplace Etsy.

“I don’t think it’s quite ready yet to be tender,” said Etsy CEO Josh Silverman in an interview with Yahoo Finance Live. “You need a lot of people holding it before it is actually useful as a form…


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