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?
As already discussed, the bank payment options can't handle bitcoin for now. I don't even think they will in the future, because most of the banks consider bitcoin as a strong competitor (which is partially true).
However, here is how you can use bitcoin as a practical currency:
- Make payments online. Just set up your digital wallet and make payments wherever bitcoin is an option. Even if you have BTC on your account but can't make a payment, you can exchange your BTC into the preferred currency and make payments with it.
- Use bitcoin ATMs. They are available in around 60 countries of the world.
- Make payments via bitcoin terminals. Thousands of merchants now accept bitcoin payments in the stores. You just make the payment (e.g. using your mobile wallet) via the bitcoin terminals.
Good luck!
