The Federal Reserve Bank of Boston became one of the first members of the US central banking system to issue an in-depth paper on bitcoin last September that suggested the digital currency was emerging as a cost-effective online shopping tool.
Fast forward to today, however, and the number of large merchants entering the bitcoin ecosystem seems to be stagnating. Though major e-commerce players such as Dell and Overstock are expanding the payment option overseas, there has yet to be a billion-dollar merchant of their stature to begin accepting bitcoin in 2015.
In a new interview, Boston Fed researchers Stephanie Lo and J Christina Wang indicate that they remain interested in developments in the bitcoin space, and that they have noted a number of reasons why bitcoin’s use case in online commerce may have become less compelling since the publication of their original report, ‘Bitcoin as Money?’
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