quote:

This. As long as you cant buy goods and service with crpyto, it'll continue to be a speculative investment at best. It's more like gambling than trading in forex markets bc no one has a reason to buy crypto it other than to sell it at a higher price.

I get the point. You cant go buy stuff at walmart or the gas station like with cash/credit, but there are goods and services that can be bought with crypto.

Some of the more notable companies that accept it as payment are Microsoft, Newegg, AT&T, overstock, Twitch, and expedia. I think its mostly Tech, online media, online gambling, and Travel type goods and services at this point. There are indirect ways to use it for Amazon purchases.

Those companies are way ahead of the curve though, it may be closer to 5-10 years before we see it being commonly accepted.

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Posted by themasterpater

I travel

Member since Sep 2014

1342 posts

Posted on 3/23/20 at 1:21 pm to AMS

I guess my point is that right now cash is king yes? Could this push us to crypto, if crypto actually gets used as digital cash instead of being a speculative investment?

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Posted by cave canem

pullarius dominus

Member since Oct 2012

12186 posts

Posted on 3/23/20 at 8:38 pm to AMS

quote:
Some of the more notable companies that accept it as payment are Microsoft, Newegg, AT&T, overstock, Twitch, and expedia. I think its mostly Tech, online media, online gambling, and Travel type goods and services at this point. There are indirect ways to use it for Amazon purchases.

They accept crypto at USD exchange rate, a somewhat huge distinction.

In fact it is such a large one that it means crypto is not actually a currency but a commodity that is bartered.

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