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The problem with an alternative currency like Bitcoin or litecoin, is that ultimately you still need to convert it into a national currency to make it usable.
by Synaesthesia 1y ago
The problem with an alternative currency like Bitcoin or litecoin, is that ultimately you still need to convert it into a national currency to make it usable.
Your friend from the occupied territory may be able to receive crypto, but they're still going to need a credit card to book a hotel room.
- throw-the-towel 1y agoCrypto-backed cards exist.
- apples_oranges 1y agoCan you point me to one that works reliably and isn’t too expensive?
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- apples_oranges 1y agoBut that’s exactly what could and maybe should change. I’m not really knowledgeable in this area but I think hotels want the CC in case visitors ruin the room. This could be covered by crypto based tech or services. But my point was mostly about having money that cannot be taken away or frozen by policy.