Bitcoin moves towards Satoshi Nakamoto’s payment dream


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Satoshi Nakamoto would be proud. Adolescent bitcoin may finally be repaying its creator’s faith. The 15-year-old cryptocurrency has filled many roles - from source of speculation to hedge against inflation - but has struggled to find a clear identity. Now there are growing signs it’s edging towards its intended purpose: payments. “The development in terms of building out crypto payments has continued apace, even if it’s gone somewhat unnoticed because of the volatility in the broader market,” said Richard Mico, U.S. CEO of Banxa, a payment-and-compliance infrastructure provider. The amount of bitcoin stored on the Lightning Network - a payment...