I thought about the use of cryptocurrency by merchants for day to day trade settlement. When combined with fiat, it gives customers a lot of options and flexibility to chose how they transact. On the flip side, I am also thinking that crypto volatility could poss a lot of dangers and issues when adopting crypto for payment.
What do you think about the future of cryptocurrency payment, will conventional altcoin (non-stablecoins) have a chance or the race will solely be won by stablecoins?
Price volatility is one of the big concern to common people who tend to accepts or use cryptos but lets see what we can get from using cryptos.
The value of cryptos are real unlike fiat which holds no value in real and the monetary value gets depreciating due to inflation.
We can make transactions easier.
Irreversible payment so reversing payment and scamming others is impossible.
No border to cryptos, we can send or receive money from any country with very less fee and in few minutes but wire transfer take huge fee and days of waiting for our money to be received.