Since the beginning of cryptocurrencies, there have been a large number of people who believed that digital currency would eventually become legal tender in businesses all across the world. In fact, cryptocurrencies have come forward leaps and bounds with their ability to be accepted on more common purchases since the first Bitcoin transaction. This transaction occurred in May 2010 when Laszlo Hanyecz purchased two pizzas with 10,000 Bitcoins. Interestingly, if he had held to the current day (05.07.2019), his holdings would be worth $110,000,000.00.

Despite the positive progress of Bitcoin as a payment method, there are a number of businesses that are floundering. There are already a number of examples of businesses that had decided to accept Bitcoin as a payment method, simply to reverse that stance at a later date. In this article, we will be exploring some of the reasons why these businesses have changed their position on Bitcoin, whilst discussing the potential effects on both that business and Bitcoin as a whole.