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Posted on 3/23/20 at 1:35 pm to themasterpater
quote:
Could this push us to crypto, if crypto actually gets used as digital cash instead of being a speculative investment?
How many merchants or other services (in the real world) are even set up to accept crypto as a form of payment?
If one of my tenants was in a pinch (which according to my PM is looking increasingly likely in some cases), and asked me to try to find a way for them to pay the rent using a credit card, I'd see what I could do (if it meant getting paid vs. not getting paid). But if they offered to pay the rent in bitcoin or whatever, I'd tell them to cash it out and hand me $100 bills. Simple as that.
I have no interest in receiving payment with something that jumps up & down like a Mexican jumping bean.
What would be the attraction for any business to do this?
Posted on 3/23/20 at 1:42 pm to themasterpater
quote:
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?
If anything I would think it would push companies to stay away from crypto. Why waste time and resources trying to setup taking a currency that's value is swinging wildly. Companies will get more conservative moving forward.
I would think this outbreak is very bearish for cryptocurrency
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