Post
Topic
Board Bitcoin Discussion
Re: It is possible that bitcoin will use nowadays in cash less transaction?
by
audaciousbeing
on 13/09/2020, 06:29:17 UTC
Nowadays government thinking is a cashless society to avoid corona virus spread out to the community or society. It is possible that the bitcoin will used in different transaction? Many country nowadays are imposing the system of cash less basis of any transaction. Specially, particular in buying commodities in the department store, petroleum product in gasoline station. even in transportation government impose a cash less payment. Since bitcoin is one of the most popular digital currency in the world, do you think government adopt bitcoin as form payment in cash less transaction in our society?

I believe this is a discussion that has been going on now for years and it's still results to what the government takes as legal tender. The issue about other cashless means of payment is that they are fiat and not a conversion to fiat which is why they are allowed to be used in the economy other means of payment like PayPal or company specifics like the gift cards etc. So unless there is amendment to law to recognise bitcoin as legal tender or under the existing provisions there is allowance for it, it's not happening just yet.