Post
Topic
Board Economics
Re: Why aren't people utilising cryptocurrency payment methods?
by
tippytoes
on 19/08/2022, 22:05:27 UTC
Agree with what you say, because in some countries it is not meant to be a means of payment. Some of them even still do not allow their citizens to adopt bitcoin, so it is indeed very difficult to pass regulations.
My country is still in a neutral stage right now but there is still no talk of paying via bitcoin and it's likely that this will never happen so no matter how hard we do it it still won't work.
If Bitcoin is not added to the latest regulations for wider use including for alternative payment methods then whatever efforts we make will not be successful, so I think the government will not give dispensation for the use of crypto and keep it for futures investment not for alternative payments because of the potential replace the use of fiat.
Even they are afraid off about that probability of replacing fiat but still it cant really be possible if we are really thinking up realistically.Even though cryptocurrencies does have its pro's and benefits but it wouldnt be surely enough on taking replacement of fiat that we've been using through ages.It cant just be possible but instead it would really be just sitting around on being alternative.

So far, crypto payment is just another alternative to fiat payment method. I don't think that will change in the coming years. Why not be grateful that crypto is increasing its usage in the market. And the number of users as well are increasing. But to replace fiat, I don't think we will see that in our lifetime.