Can Cryptocurrencies Be Used As A Medium Of Exchange In Our Daily Transactions?.

[robelneo]

As long as there is an internet and those who believe and HODL Cryptocurrency and the government of countries allow it, it can be made as a medium of exchange and it need not be Bitcoin alone.
In my experience I just traded Tron and Sol to pay one fiend for a service rendered to me, we should not be confined to one Cryptocurrency, because as we all know there are times that one chain is congested so we need other coins/tokens to transact.

For us to have a wide adoption and for many people to transact using Cryptocurrency we should have more choices of coins/tokens to transact.

[Gladitorcomeback]

As long as there is an internet and those who believe and HODL Cryptocurrency and the government of countries allow it, it can be made as a medium of exchange and it need not be Bitcoin alone.
In my experience I just traded Tron and Sol to pay one fiend for a service rendered to me, we should not be confined to one Cryptocurrency, because as we all know there are times that one chain is congested so we need other coins/tokens to transact.

For us to have a wide adoption and for many people to transact using Cryptocurrency we should have more choices of coins/tokens to transact.

You are right, but as mentioned by others earlier, there are a lot of barriers for cryptocurrencies to become mainstream mediums of exchange, the very first and most prominent reason is that most governments are not ready to accept this and they can't allow cryptocurrencies to prevail and become common among the populations because if that happens, most people will start using cryptocurrencies for their payments because it's easier and way more convenient and on top of that, not control by a central authority.

You will not receive a phone call asking you several questions and asking you to visit them tomorrow for you to complete a transaction if you are trying to make a large transaction which is what would happen with fiat.

[Gurujebs]

Right from the day Bitcoin wallet was release, Bitcoin was initially a peer to peer assets for making payments and help unbank people that doesn't have banks and this solution is the reason why many alts were later created after many years but what most of them truly exist for is now different from what it was intentionally built for, even Bitcoin can't be conviniently used for daily transaction because the fees are expensive to be use for daily transaction, even the altcoins are not different from this as well because what's on earth is meme coins even doing here in the first place, they are just for pumps and dumbs and not for making transactions.

[Sim_card]

Right from the day Bitcoin wallet was release, Bitcoin was initially a peer to peer assets for making payments and help unbank people that doesn't have banks and this solution is the reason why many alts were later created after many years but what most of them truly exist for is now different from what it was intentionally built for, even Bitcoin can't be conviniently used for daily transaction because the fees are expensive to be use for daily transaction, even the altcoins are not different from this as well because what's on earth is meme coins even doing here in the first place, they are just for pumps and dumbs and not for making transactions.

Initially, before bitcoin started experiencing high transaction fee due to the ordinals attack on the blockchain, a lot of people are using it to pay for services, and the purchase of goods. In my country I ha e seen supermarket, shop malls and hotels that accept bitcoin payment. People are still using bitcoin for payment in their businesses, because it is more convenient and easy to use for payment across boarders. It is only the small business people that transaction fee will be a barrier to them. We are also being paid on this forum with bitcoin, those in signature campaigns.

[Gyrgen]

I think using Bitcoin for daily payments is more difficult psychologically. Subconsciously we will experience discomfort. It is much easier to part with some stablecoins. Subconsciously we will associate this with ordinary expenses in fiat.In general, there is still a long way to go for everyday payments in cryptocurrency.

What kind of discomfort? If most shops and other places accept bitcoin and other cryptocurrencies as a means of buying and selling, I will prefer to use cryptocurrencies for paying for goods and services. What you will like would be what another person will hate. Have you not noticed this from your friends or from people that have been closed with you before?

Discomfort because many people perceive Bitcoin as a means of accumulation or savings, but not as a means of payment.And I separately highlighted Bitcoin and other altcoins separately for good reason. You perceive altcoins and stables as a separate type of fiat money.The fact that there are no friends’ tastes and colors is already understandable, everyone has their own preferences. As for stores that accept payments in crypto, I’d rather pay with regular fiat, it’s easier and faster.

[pacar_tiri]

I think using Bitcoin for daily payments is more difficult psychologically. Subconsciously we will experience discomfort. It is much easier to part with some stablecoins. Subconsciously we will associate this with ordinary expenses in fiat.In general, there is still a long way to go for everyday payments in cryptocurrency.

What kind of discomfort? If most shops and other places accept bitcoin and other cryptocurrencies as a means of buying and selling, I will prefer to use cryptocurrencies for paying for goods and services. What you will like would be what another person will hate. Have you not noticed this from your friends or from people that have been closed with you before?

Discomfort because many people perceive Bitcoin as a means of accumulation or savings, but not as a means of payment.And I separately highlighted Bitcoin and other altcoins separately for good reason. You perceive altcoins and stables as a separate type of fiat money.The fact that there are no friends’ tastes and colors is already understandable, everyone has their own preferences. As for stores that accept payments in crypto, I’d rather pay with regular fiat, it’s easier and faster.

As you have mentioned, everyone has their own preferences, if they consider Bitcoin as future savings or something else then it shouldn't be a problem for you, what they choose is their decision, not yours, let it be they choose their own beliefs and paths, you don't need to take care of them. For transactions in shops, cryptocurrency is sometimes ONLY used as an alternative payment if we don't have cash with us.