Post
Topic
Board Development & Technical Discussion
Re: If bitcoin gets mass adopted, must we use our mobiles to buy?
by
kaar
on 30/06/2018, 12:57:56 UTC
Transferring just small amounts to your mobile?
This is what works for me. I have blockchain app installed in my phone. My cold wallet is Ledger neno S. Depending on my expenses, I transfer my BTC from my cold wallet to my blockchain app.

It's like how we do for the fiat money. The concept is, I have money in my bank. When I need money - I take off some money and carry it with me in my wallet.

Exactly. People forget how it was with fiat before the internet - even if you had a credit card, there was no way to verify you actually had money in your bank account, thus cash was much more popular than today. You simply took enough cash to buy what you needed, but no too much in case you get robbed or lose your wallet.

Today though, there is internet, so there will probably be companies that offer services similar to those offered today by CC companies. For example, using a third party to pay for your everyday purchases (they will transfer the BTC to the store) and paying them back at the end of the month.