Post
Topic
Board Altcoin Discussion
Re: Do you spend crypto? If yes, for what?
by
lixer
on 29/03/2022, 19:22:47 UTC
I have not bought something with crypto, but when I have to buy something I convert my crypto in fiat and then I buy that thing. Actually there is no one in our country that use cryptocurrency for payment source. So that's why I have not bought anything direct with cryptocurrency.
Adoption isnt still available in every corners of the world which it isnt surprising that there would really be no available on using up directly with your crypto on buying something or getting some service etc.

Therefore, you wont really be having no options but to convert it to fiat first (which is mostly people been doing) before you could buy something that you wished for.
But in most cases on which people dont spend up their crypto because of the potential profits that it could give on future runs or long term thats why its unlikely to be used.
Unfortunately this is true for my nation as well. There aren't many things or places that you could use bitcoin on and that means we have to turn that to fiat first, move that to our bank account, and then use it that way. I am not saying that it is a good idea, but it is certainly not a great idea to keep that going neither.

We need to figure out a way to use crypto, unfortunately there are no visa cards or debit cards and what not that we could use here neither. I have always said that biggest adoption for crypto will come when every part of the world has cards that we can use to pay in crypto, and the shop will get it in fiat instantly, that way we can use our crypto to pay for anything.