[Spiral Says Bitcoin Payments Are Hindered by Weak Demand] According to Jinse Finance, on October 28th, Spiral, the Bitcoin development team at Jack Dorsey's Block, stated that the main obstacle to Bitcoin payments is weak demand, not insufficient technology. Spiral noted that while the Lightning Network is operational and over 1 million merchants in the US can accept Bitcoin through Square, actual usage is low. Federal Reserve data shows that by 2025, 9% of US adults will buy or hold crypto assets as investments, but only 2% will use them for payments, a figure that has remained between 1% and 2% annually since 2021. Spiral pointed out that Stripe, Shopify, and Coinbase are integrating stablecoins, and approximately 99% of payments using Coinbase's AI proxy payment protocol x402 are settled in USDC. Spiral publicly solicited proposals on October 27th for ways to increase Bitcoin payment adoption within five years.