Post
Topic
Board Bitcoin Discussion
Re: What are the official uses of bitcoin other then trading?
by
Theb
on 28/03/2021, 14:29:58 UTC
I thought BTC was going to replace western union by now and be used by official brick and motor businesses.

For this to answer your question I think you need to focus more on the history of Bitcoin rather than focus on the price charts of Bitcoin as what I have seen in your post history. Bitcoin unlike banks or remittance centers like Western Union isn't really backed up by a company striving it to grow, Bitcoin's only support is us the holders/users/investors possessing it even if our numbers grow by the day it doesn't mean that it is headed to replace these businesses as right now Bitcoin is viewed by many people (including your) as more of an investment or asset rather as a way to pay for their daily needs, them probably holding a more liquid asset which is basically fiat currency is the preferred choice of many people in their transactions.