Is Crypto Ready for Daily Spending?
Is Crypto Ready for Daily Spending?
We’ve seen crypto debit cards and partnerships aimed at making crypto-to-fiat conversions seamless, but is this enough for mass adoption? Big players such as Mastercard and Coinbase think it is, and newer companies like Zypto are starting to be competitive. I see fees, volatility, and merchant acceptance are still barriers. Will we soon be spending crypto as easily as cash, or are we still far from practical, everyday use? What’s holding it back most: fees, complexity, or something else? Are we close, or is putting currency back in crypto just a dream for now?
Permission for a business to receive crypto without a trusted 3rd party and without registering KYC for every transaction seems to be missing… in USA. A dollar is a dollar, but a dollar’s worth of stable coin needs an account manager type business to handle the banking and accounting side of the movement of money. Debit transaction technology with NFC and QR code payments are already in place, it’s a quick software update to impliment crypto usefulness. Here’s the specific problem: any business can pay VISA or whomever to receive the money and put it into the correct account with taxes and blah blah blah … VISA is a business that does exactly that… USDT/USDC and all others just simply DO NOT have a business that SELLS that service to a business for payment processing. It’s no longer a question of how, it’s just permission to self implement or self custody that we need.