Bitcoin can reach a million merchants. Why aren’t people spending it?

Bitcoin payments have reached more than a million U.S. sellers through Square, yet the group behind much of the network's payment software says everyday spending remains scarce. Spiral's October 27 report is an unusually frank assessment from a Block-backed developer: seven years of easier Lightning tools have expanded the places Bitcoin could be used without giving most holders a reason to use it there. Spiral says more than one million U.S. sellers can accept Bitcoin through Square, though it publishes no transaction count for them.