Hello All, I have a question.
If I want to use bitcoin as practical or daily currency then what should I do?
Is American express or VISA offer such kind of opportunity so far?
I am very excited to read something special here: https://reliable.cash/t/can-you-use-bitcoin-as-a-practical-currency/33
Specially these are amazing to me:
Now I want to purchase my Pizza using Bitcoin
What do you think brothers?
If I want to use bitcoin as practical or daily currency then what should I do?
Is American express or VISA offer such kind of opportunity so far?
I am very excited to read something special here: https://reliable.cash/t/can-you-use-bitcoin-as-a-practical-currency/33
Specially these are amazing to me:
Quote
There are many reasons for bitcoin to be not used as a practical currency. Some are listed here.
- Some users lack the infrastructure required to use bitcoin
Some users lack the knowledge required to use bitcoin
It will not be a good solution for day to day purchase
It takes time to process a transaction that is why it is not practical at all
Not many stores accept bitcoin as a payment either online or offline
Stability in pricing
Strong network infrastructure required for its payment to process
Now I want to purchase my Pizza using Bitcoin
What do you think brothers?
You can use bitcoin as a practical currency, because it is one and people accept it to be one. That is not the debate.
I mean, just go to any online store that accepts cryptos and buy something. Bitcoin is fulfilling its role as a practical currency right there, on the base level. You are using it as a medium of exchange across the internet.
I think that what you mean by "practical currency" is really "real life adoption and use", which is definitely low right now. However, as more merchants enter the market, this could change. With time, I think we could see the possibility of seeing major retailers accepting bitcoin worldwide, if not smaller ones as well.