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this post was submitted on 10 Aug 2023
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Asklemmy
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If people paid rent or bought groceries with crypto currency? Sure. It's not like thousands of people without bank access are using coins.
I've been living on cryptocurrencies only for the last >6 years. Buying groceries, travels and whatever else i need. So yes, people do that. You don't hear about it because people are too busy talking about speculators and price movements.
Cryptocurrencies are seeing high adoptions in country where banking is limited, in the rich country is 99% speculation.
Doesn't the see saw of speculation kind of screw this up for you? Or do you only engage in business with other crypto people?
Speculation makes it harder because it causes price volatility, which is good and bad. There are services like bitrefill, travala and coincards that make very easy to buy almostanything using crypto. Of course if somebody accepts crypto directly i prefer them.