> There's an entire country that uses crypto as legal tender. El Salvador is a case in point of why crypto is a terrible currency. The first day that they went

> There's an entire country that uses crypto as legal tender. El Salvador is a case in point of why crypto is a terrible currency. The first day that they went live, Bitcoin dropped 10%. > Sending money overseas is cheaper Right now it's about $2.50 per transaction which is not the cheapest option. Earlier this year we saw transactions fees for BTC hit like $60. Add to that the risk of it dropping 10% in a not-uncommon event…that's not good. Let's talk about businesses. First, cost. Let's say you have Stripe's base fee: 30¢ per transaction + 2.9%. For that $2.50 transaction to be cheaper, your purchase would have to be over $75. Is that typical for most businesses? No. And again, that $2.50 is what it is now. It could be $3 in a minute or $20 tomorrow. No one knows. You think small business owners want that kind of uncertainty? Taking a (???) cut from every monthly SaaS charge does not make sense—not to mention that as you scale Stripe will negotiate prices downwards while BTC will not. Let's turn to scalability. BTC clocks in at seven transactions per second. Seven. Transactions can take 10 minutes or longer to process. Imagine a supermarket checkout line where each person blocks for 10 minutes. Or a gas station, subway, restaurant, corner store, coffee shop, or anything else. Note that I said widespread uses. I am aware that some places are experimenting with bitcoin. I am also aware that crypto has shown to be woefully inadequate for all but a few narrow use-cases.