Re:Former US SEC attorney: 'Get out of crypto platforms now'
by anonporridge on Tuesday June 20, 2023 @10:54PM
(#36413817)
You can also go to the entire nation state of El Salvador where it is a legal currency and many shops have integrated lightning payments.
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Re:Former US SEC attorney: 'Get out of crypto platforms now'
by jawiggins on Wednesday June 21, 2023 @12:34AM
(#36414427)
Can you? I've read a few articles from journalists who went there only to find that vendors refused their payments, or asked for Visa instead.
The one from Bloomberg comes to mind: "He tells me surfers sometimes ask if he’ll take Bitcoin. He’s taken it on a few occasions, but the dips in price burned him. “Now I tell them it’s $25 if they want to pay in Bitcoin,” he tells me. “You don’t know when it’s going to go down.” " [1].
That's also to say nothing of the leader of the nation potentially losing millions of public funds day-trading crypto on his phone, the Bitcoin Bonds that no one bought, or the IMF refusing to offer funding to the impoverished nation as a result of this callous fiscal policy.
[1]: https://www.bloomberg.com/news/features/2021-06-17/world-s-b...