But the value of crypto coins is also moving very fast. How will there be stability if everyone starts paying in crypto ?
Yes , you can cash out from atms without anyone knowing (ur getting ducked by fees though) , portability , you can send large amounts with small fees faster and u can create cool apps that have to do with crypto and sell them .
I believe it will take a long time untill it becomes something we go to the grocery store with, but bitcoin can very easily be used for day to day expenses using the lightning network.
Has any economically unstable country tried using crypto as a currency ? Is this model tested ?
It's quite amusing how some unstable countries choose to ban cryptocurrencies. This might explain why individuals opt to privately hold their coins. I haven't heard any news about it, but some individuals seem to know what to do.
Yes, in El Salvador
Venezuela, Argentina, Turkey, to begin with (although I'd say more stable coins than just crypto to be prices.).
More like a currency but any other application in real life you did not add in this reply. Do you have some other examples of how it is being used in daily life except for monetary uses ?
Yes, its solved a lot of payment issues for me personally. The first thing I check these days before using a platform is if they accept crypto payments.
