Cryptocurrencies Must Possess Payment Power
Oh yes, there are innumerable blog posts around cyberspace.
Most people are after making profits from cryptocurrency investments.
They proudly write about their cryptocurrency portfolios and earnings from blogging, vlogging, gaming, and airdrops.
I often look at their large cryptocurrency holdings (if true). Still, I am not sure if these proud cryptocurrency experts and enthusiasts utilize any cryptocurrency to buy things from the market or make micro and large payments.
Maybe, and I do hope, many global people already use cryptocurrency as a payment instrument wherever they get an opportunity.
If cryptocurrency only holds wealth (assets) to grow (increase) in a future date, where is the difference between a stock and a cryptocurrency?
Stocks are generally not used to buy other objects or make payments. Of course, offering high-priced stocks in exchange for fiat is possible, which is called selling stocks.
There is no way only to choose a stock to pay for goods in a grocery shop or food in a restaurant.
But, cryptocurrencies may be used as a payment currency in many merchant sites, shops, restaurants, or buying air tickets.
Cryptocurrency should not be used only as an investment instrument.
Cryptocurrencies should also be utilized to make payments, small or large.
I request you to participate in a poll on Twitter (X).
What are your views about the best use of cryptocurrencies?
(1) Investment instrument.
(2) Payments instrument.
(3) Investment + Payment instrument.
In my humble knowledge and experience, cryptocurrencies must possess the power to make both micro and large payments.
The investment power of cryptocurrencies is also equally important.
A relevant article, "I purchased hosting and a domain name using BCH."
Unity (Debesh Choudhury)
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Aug 15, 2023