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Re: How soon will automakers start accepting crypto for there payments
by
bennypagulayan
on 26/07/2018, 15:57:13 UTC
This has been my concern here in my  own country Nigeria. No auto dealers or automakers has ever accepted any crypto particularly BTC for purchase payments
I think that merchants will not accept crypto currency soon. Now most governments are trying to get away from cash and switch to paying by cards to control all cash flows. When paying for crypto currency, governments will not be able to exercise control.
The same is in my country. I cannot use my crypto anywhere in my country because nobody is accepting cryptocurrency. So till that time I will hold my coins and will try to make more and more money because it is also a business and I can make huge money from my holdings in the future. I am not panic about the use of bitcoin in my local markets.
Many countries still have restrictions on cryptocurrency but I think in the future when these countries are aware of the advantages of blockchain and cryptocurrency technologies. I now know that many countries are utilizing cryptocurrency as a way to change the country's economy.