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You can't pay for groceries with crypto yet. The government is making adoption more difficult by doing things like classifying all crypto as assets, so every tr
by Consultant32452 5y ago
You can't pay for groceries with crypto yet. The government is making adoption more difficult by doing things like classifying all crypto as assets, so every transaction by a legitimate business requires they have to do a ton of tax paperwork about it. Some countries use bitcoin as official currency, so this not universally the case.
I don't know if adoption will increase, nor do I have a strong opinion on whether it should. But it does solve the specific, narrow problem of lack of basic banking for the poor.