Using the ledger allows for a more efficient settlement but paying with the token for goods and services isn’t more efficient than paying with fiat.
Besides, it’s not always about what is cheapest. Most people opt for convenience over price tag.
Post by twetch#523
How will you pay an individual in a country any amount, for a low fee instantly? This is a narrow-minded view. This is not possible w/ fiat - it takes days. And inb4 the point of being able to wait, not folks in 2nd/3rd rate countries.
What the chain says
- Block
- 626 906
- Time
- 2020-03-19T15:15:13Z
- Signer
- 1JJQeMNQX2jnrLh3mAHiEUsLkJ4vrMud3X
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#523
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1JJQeMNQX2jnrLh3mAHiEUsLkJ4vrMud3X VerifiedReplies (3)
Did you ever have to pay someone overseas? I do regularly, doesn’t take days.
Within Europe it’s instant. I can even send euros and have whatever the recipients national currency is arrive at his account. The world has evolved bro.
Euros are a subset of the global economy. America is still behind the times. Some of Asia too and definitely South America/Africa. We haven't tapped in the potential of those people to earn/spend. Bitcoin enables this better than any human invention before
lol dream on bro, these people want to earn and spend MONEY and bitcoin is not money to anybody and never will be, it’ll only be used as a backend for money aka fiat