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Bitcoin’s status as legal tender in El Salvador has recently sparked a new round of discussion concerning (BTC) and its role in the world economy. Despite ambiguous reactions from institutions such as JPMorgan Chase (NYSE:) and the World Bank, some feel that Bitcoin’s status as a means of payment is now more explicit than ever.
Meanwhile, the perception of Bitcoin among retail users is contrasted sharply by institutional uncertainty. A recent study by CryptoRefills, a company that sells vouchers and gift cards in exchange for cryptocurrency, seems to suggest that many users view Bitcoin as a useful way to pay for goods and services, with 66% of survey respondents stating that they view cryptocurrencies as a method of payment.
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