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The problem is those other options aren't very common and crypto is pretty useless as a payment method these days due to slow processing and high value fluctuat
by wkat4242 1y ago
The problem is those other options aren't very common and crypto is pretty useless as a payment method these days due to slow processing and high value fluctuations. Wore transfer is also slow.
It's indeed ridiculous that you need to get a loan just to be able to pay with your own money. At least here in Europe most "credit cards" are actually debit cards. Because we really frown on loans (the best credit rating is for the person who has never even needed to take out a loan)
- bornfreddy 1y agoAgree, except: > ...and crypto is pretty useless as a payment method these days due to slow processing and high value fluctuations. That is not true. For example using USDT on Polygon is cheap (~0.00 USD fee), fast (a few seconds) and not volatile (because its value is tied to USD). There are other options too, with a slightly different set of tradeoffs. The main problems of crypto are actually scams and illiteracy of the masses on how to use it. The situation is IMHO improving on both counts, but slowly.
- akimbostrawman 1y ago>crypto is pretty useless as a payment method these days due to slow processing and high value fluctuations Crypto != Bitcoin. Monero for example is relatively fast and stable with the additional benefit of full privacy and anonymity.