The GENIUS act bill that was passed yesterday by Trump has everything to do with USDT and other stable coins, I get it but at least now things are looking more smoother for crypto payment? I believe that using the likes of stable coins and Bitcoin to pay online will now be more possible?
What do you think? Or am I getting way ahead of myself? I so much look forward for BTC payment option on large online stores like Amazon, because I can't find anything else that's easier for payment online than this.
I am not in the United states, I am way far away from America and in my country to use Fiat as payment is even limited, imagine you want to buy an expensive gadget that worth $6000 and your spending limit on every bank account can't exceed $3000 per month.
If BTC payment become a thing then it will make a lot of sense, I can decide to spend $10,000 per day if I want or can.
Using Bitcoin for everyday payments isn’t really about laws or politicians like Trump. The real problem is that most people still don’t understand Bitcoin. Many still think it’s just gambling or speculation and don’t realize that it’s solid money that will continue to increase in value compared to regular dollars and other fiat and crypto currencies. Once people start realizing that Bitcoin’s purchasing power keeps growing, they’ll be much more willing to use it because who wouldn’t want money that actually gains value?
Knowledge is lacking that's why this thing is not happening. If it happens that many people knows how to deal Bitcoin for sure that they won't have any doubts upon inserting it as one of good payment options on their shops.
But what bother's them is those uncertain things and volatility that's why lots of merchants got discourage to accept this. But since now there are so many good laws created and Bitcoin gain positive exposure then maybe we could able to see those skeptical merchants accepting Bitcoin. What good thing about is year by year the number of businesses accept Bitcoin is growing.