Post
Topic
Board Bitcoin Discussion
Re: Bitcoin, a possible replacement for credit cards
by
Western_Boris
on 17/04/2022, 11:33:58 UTC
I personally consider bitcoin as investment option instead of a payment method but in some cases, this can be a good payment method for the people who prefer using and paying with bitcoin instead of credit cards.

In western countries, we prefer Bitcoin more as an investment or savings account, because we usually have more or less stable currency and government. Even though the old currency loses its value "slowly" all the time.
But in less developed countries in Africa, South America etc. the use case is more about replacing the worse local currency. To escape the bad policy of authoritarian dictator and so on. When you can't trust the local government, then you simply want currency in chich you don't need to trust anyone.

This video talks about 3 cases in Africa: https://youtu.be/qvwqoYSani0

My point is, how we use Bitcoin differs because of what kind of society we live on. And beauty of Bitcoin is that it has benefits for everyone of us, not matter what our local society is.