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A comment on Ask HN: For Bitcoin to be ubiquitous, what must happen?.

Re:Ask HN: For Bitcoin to be ubiquitous, what must happen? by danielharan on Sunday November 17, 2013 @05:00PM (#6751158)
Silk road was one example of a use case that could drive adoption. Liquidity, usability and speed are important for mass adoption; for a niche, that's not necessarily as big a concern.

Remittances and international transfers might be one niche where BTC could shine. The currency isn't ready to beat VISA when you're buying a coffee, but it could be a hell of a lot better than Western Union.

[ Parent | on HN ]
Re:Ask HN: For Bitcoin to be ubiquitous, what must happen? by kbaker on Sunday November 17, 2013 @05:24PM (#6751288)
But, remember that Visa doesn't transact immediately in cash-equivalent USD either.

There's no reason why they couldn't settle accounts on the merchant and consumer side using BTC instead, with equivalent convenience at the point of sale.

[ Parent | on HN ]