Post
Topic
Board Economics
Re: Prospective retailer
by
Fortify
on 01/12/2021, 22:13:11 UTC
Crypto has opened up lots of self employment option to our present society ranging from investment to trading even down to staking and all this are made possible by both centralized and decentralized exchanges providing services through licensed procedure to ensure a secured transaction either through peer-to-peer or a completely centralized procedure

I was just wondering don't you think becoming a retail vendor through a well developed exchange can earn you passive income or you haven't thought in that direction. Or could there be an  untold/hidden mysteries behind setting up an exchange because we still need more exchanges so we can give crypto more boost beyond government regulations

It's funny you mention investment, trading and staking as the wonderous things that Bitcoin has supposedly opened up. They are in fact a very narrow range of activities all related to financial speculation. They were also all possible before crypto came along. However the rise of platforms like Binance where anyone, even people in countries with more restrictive regulations, can trade currencies back and forth is a bonus I guess. Those activities are not actually creating anything substantial for society however, unlike say a manufacturer or house builder. To answer your question about retail vendors, of course allowing cryptocurrency as a payment could open up the possibility of new customers - they're all asking themselves whether it is worth the price of the financial infrastructure and possible legalities that come with it.