Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend BTC / crypto staying away from banks.
We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?
Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?
-Dave
I wish a part of my salary is paid in BTC yes so that I keep the BTC on hold as an investment and spend the local currency paid for other expenses. And yes would be good to know where gift cards are printed for BTC. As of now it would be a new move to gift friends who are aware of BTC and its profit on their birthdays or any other occasions. I hope soon in few years down the line, there would be possibility for all these things in line. Mostly about the people who want to get paid in BTC / crypto and only spend BTC / crypto staying away from banks.
We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?
Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?
-Dave
Since making payments in fiat money is complicated and not transparent, people want to adopt cryptocurrency as the payment method, so that payment can be made easily and everything will be transparent. But if a company pays half the payment in crypto and pays the rest of the half salary in fiat money, the problem will be more complicated.
People do not want to take Bitcoin as salary because the price of Bitcoin is much volatile. And very few people can take advantage of the volatility of Bitcoin. If the knowledge of Bitcoin can be spread among everyone in the right way, then everyone will want to take Bitcoin as full payment.