Do you use crypto to make payments
- Thread starter nomad
- Start date
Never paid in BCH. I get it converted to Indian Rupees and get it transferred to my bank accoun t
I run exchange services accross paid to post forums. And I have had to use crypto to pay people for their forum currency exchanged.
Just last week, I had to pay for an ebook using crypto. I think crypto has allowed people in Africa to make purchases from other regions easily.
I do use crypto for payments sometimes, especially when I'm buying things online. I've used it to purchase items like video games, digital artwork, and even some clothing from certain retailers that accept cryptocurrency.
I also pay for hosting and other services using crypto. I buy airtime and some vendors accept it too, but they have to know you personally.
I occasionally use crypto to make payments and it is absolutely very easy especially when you use a wallet like exodus.
I think crypto is really used to pay for online subscriptions and web hosting as it stands and not for regular transactions.
I must say that cryptocurrencies should have gained a lot of popularity by now. The transaction fees of cryptocurrencies are very high a d this is what makes people avoid it.
- Thread starter
- #17
Crypto are known to have the lowest transaction fees. However, I do agree that some crypto coins, for example Bitcoin and Ethereum, have comparatively higher fees.
One beautiful thing about crypto is that if you use a custodial wallet to make the payment, you would not be traced by any government at all.
The government does not trust cryptocurrencies for the same reason why so many corporations never trust cryptocurrencies. Cryptocurrencies are created anonymously and no one knows who created Bitcoin. This is why the government does not trust cryptocurrencies.
