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I being the cryptocurrency skeptic l have never used the crypto coins to pay anything with. What about you and what was the experience like?
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Have you ever used the cryptocurrency to pay something for?
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eLdavis
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No I have never paid for anything with crypto currency before. Though I believe it would be nice to give it a try some day.
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I have not actually used cryptocurrency to purchase anything yet. For now, I am only holding onto my earnings in it.
When Bitcoin transactions or using Bitcoin as a medium of exchange was not yet prohibited in my country, I could buy a cup of coffee with BTC payment, but a year ago I bought a domain and hosting on Namecheap using Bitcoin.
I had no problem paying in an offline store for a grocery item, but I paid in an online store for a product that I bought and it was a shirt
I have been using crypto to buy things online. Paid for some digital courses using crypto and paid for hosting services using crypto.
I have also seen hosting sites that accept payments and I think it is more profitable for them because most of those who pay for such services are developed people and definitely use such methods
I don't think I have not actually used cryptocurrency to purchase anything yet. I am only holding onto my earnings in it and wheh the price is good I sell them off
There are a few places where you can pay for some meals and buy some clothes using cryptocurrency, But it is exclusively for members only because at the moment cryptocurrency is in the sandbox regulation stage with the central bank in my country.
But it would be great that everyone is allowed to use the coins to buy food and clothes. You can just claim from faucets to buy food then
Yes, we are getting there more, especially in the countries that are flexible and open to various technological advancements. The world is calling for the breaking of barriers and globalizing the world as one village so peer-to-peer transactions are the way to go.
What someone is doing in the US or Canada then another person must be able to do in Zambia or Nigeria. So we should not have countries where cryptocurrency should be restricted but rather we should have a legislature and another framework in place to protect those with less knowledge and online security.
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I totally agree with your submission we just need to enact laws that would stop the abuse of crypto currency not restricting its usage like what is obtainable in my country now
What is happening in your country is a shame and an indicator of oppression by the elite and government to the general citizenry. Cryptocurrency usage is both breaking barriers and an investment opportunity for those who are vulnerable. Big businesses get loans, banks use the money for the people to make huge investments on their heads and the government does procure various goods and services on credit.
Why should they impose on the general citizenry how they should use their money? It is a shame that they should own up to and reverse. Many Ministers have their children studying abroad compared to those under privileged who are living on a dollar per day.
For review, I had used it to pay $5 for domains at Namecheap, now using Bitpay has become more complicated, and I also cannot access the funds at Binance since the url is blocked in India.
I used to pay playstore gift card with cbitcoin and litecoin, the feeling was amazing because, for me that is the only way to buy things online. And it makes things easier.