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.
Most countries have their limitations when it comes to cash and fiat transactions, and such has to do with the account threshold for the day based on the tier or level of kyc as done by the owner of such account, and this is one of the problems Bitcoin is solving in the financial industry where owners or holders have the freedom to spending their money and holding it under their custody without any third-party like the bank. With Bitcoin, we are not bound by the fiat system, but rather, we are our bank, and we transact as much as we can without having to be limited by any third party.