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A report prepared in collaboration with Breez and 1A1z examines Bitcoin’s role as a payment system. The report discusses Bitcoin’s function as a long-term investment or speculative asset, often referred to as digital gold, while also addressing its original purpose in commercial transactions.
Bitcoin as a Payment System
The report details various use cases of Bitcoin 
$111,073 for payments, regulatory approaches in different countries, and the integration of Lightning payments. It emphasizes Bitcoin’s focus on payment transactions and aims to showcase alternative uses beyond its identity as digital gold.
Application Examples
The report features commercial transactions involving leading businesses such as Mercari, as well as digital enterprises like Mullvad VPN, Namecheap, and Protonmail that accept Bitcoin. These examples illustrate Bitcoin’s applications as a payment method across various sectors.
While Bitcoin is commonly viewed as digital gold, the report highlights that its primary goal is to facilitate value transfer in commercial transactions. It notes a quiet resurgence of Bitcoin as a payment system, coinciding with its expanding range of applications.
The report also evaluates the impact of different countries’ regulatory policies and existing digital infrastructures on Bitcoin integrations. This research seeks to convey the potential benefits of adopting Bitcoin as a payment method through various business examples.
Furthermore, the report contributes to growing awareness regarding payment systems and digital currency technologies, providing readers with information about diverse sectoral applications. This knowledge may assist users in keeping track of developments within the digital currency ecosystem.
