Quote from: Strongkored on Today at 06:23:32 AM

How will paying salaries using Bitcoin or Crypto help the community's economy? because people will only receive the same amount if they use other currencies and they can even experience losses when the price of Bitcoin drops just a few percent in one day, and I doubt that the government or companies will want to use Bitcoin to pay their employees not because of the euro problem but because it will making them incur greater costs to implement it at least if we look at the current Bitcoin transaction costs, and also by using Bitcoin the banking sector will not be involved in it while companies will always need banking for their company's funding when needed and reducing the role of banks will be displeasing to the parties banking which can interfere with how banks make decisions when entrepreneurs want to take out credit.

I think even if the government of a particular country thinks about using Bitcoin to pay salaries, the Instability in the price of crypto currencies will make them change their mind, but another thing is we in Nigeria we keep experiences increase in price of things that really matters to us like food, a bag, Petro, kerosene, gas, transportation, things like that increases In prices by almost 50% person without the government increasing our salaries, so just maybe instability in Bitcoin might not really be a new challenge to us in Nigeria if we start using it, because we have seen worse and still growing.