Post
Topic
Board Economics
Re: If you can get paid through cryptocurrency, do you still choose fiat currency?
by
shogun47
on 12/08/2021, 16:27:15 UTC

~snip~


Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.
Do you think cryptocurrency payment will be a new trend in the future?

There's no adequate answer that I can give to that, because people these days combined both cryptocurrency on their daily living. In using the internet transactions, of course cryptocurrency can be a good alternative instead of fiat but for local goods that needs fiat currency it won't be effective. So the future might be considered as a divided mindset for both physical money and digital currency. We need them both in order to continue dwelling towards technology advancement.

Maybe in 10 years from now literally every store has the infrastructure to facilitate quick and easy cryptocurrency transactions. I remember the times when debit and credit cards were a quite new thing and you couldn't pay with card everywhere. Nowadays it is the pervasive standard. I think the same will happen with cryptocurrencies and the required infrastructure. If conversion is necessary, that will all happen in the backend such that neither the merchant nor the customer has to deal with any calculations. It is going to be much simpler in the future.