So I am not really into cryptocurrency and only have some basic knowledge. As far as I understand the idea between crypto (or especially bitcoin) was a decentralized payment system. Everything I heard about crypto the last few years was only about trading and value going up and down blabla. How is it going so far for using it as a payment method? Are there countries, systems, spaces in the internet or anything that actually use crypto for paying? Whar are some good examples? Do you yourself use some of these?
And are there maybe even PayPal-like Apps which you can use for paying in crypto to others?
Unfortunately, few merchants are accepting crypto directly. There’s a bunch of reasons for this ranging from regulations, tax complications, price instability, and psychological burden. This can and hopefully will change in the long run, but I currently pay for most things via crypto by converting it to cash at point of sale. I have a debit/credit card called Ether.fi Cash; it gives 3% cash back, and spends against my holdings of crypto which earn ~5% interest while they sit waiting to be spent. That crypto can be in Ethereum, which is more unstable, but it can also be in dollar-pegged stable coins, meaning there’s no price fluctuation risk. Very, very happy with this card.
Referral code if you’re interested: https://www.ether.fi/refer/62107470
I get benefits from referring people but I wouldn’t post the link if I didn’t really believe in it. Only crypto card I’ve found that offers me substantial gains over traditional credit cards.