Bitcoin’s potential as a decentralized, P2P digital currency is, in many cases, limited by the extension of the application and design space around the legacy cryptocurrency. Particularly in regards to merchant adoption, legacy payment processing services remain much more straightforward to use.
Bitcoin is an invention of money, not explicitly payments. However, furthering its adoption as a means of payment will go a long way in bolstering its prominence among the mainstream.
Trusted third parties are security holes, but the convenience and familiarity of established third-party services in payment processing is difficult for Bitcoin to overcome as a popular censorship-resistant currency with no intermediaries. However, BTCPay Server is rapidly expanding upon its feature set to provide a user-friendly and viable alternative to legacy payment processing systems.
BTCPay Server is an open-source, P2P payment processor for Bitcoin and other cryptocurrencies where users can self-host their own server and effectively process their…