Would you spend BTC daily in brick and mortar stores?

[murraypaul]

You could be paid in BTC or Gold if most fiat disappear

The question was 'Would you spend BTC daily in brick and mortar stores", not "Would you spend BTC daily in brick and mortar stores in an alternate universe where most fiat currencies have disappeared".

and the merchants pay huge fees to use debit and credit card systems, so you pay them indirectly when you buy

But I pay the same price regardless of what payment method I use, so the rational choice is to pay by credit card, and get:
a) an interest free loan
b) increased consumer protection
c) cash back

If (in the alternate universe) paying by BTC meant paying less, it might be worth doing. But paying by cash or debit card now doesn't mean paying less, so I don't see why it would.

[1713255465]

1713255465

[1713255465]

1713255465

[1713255465]

1713255465

[skilo]

You should add "Occasionally" to your poll to make the results more accurate.

[Pente]

I believe the future of cryptocurrency will mirror the current situation with ecurrency in Kenya.

Most people under the age of 40 in Kenya are using mpesa. Mpesa is sent via phone between family members & friends, it is used to pay the electric bill using small console located in most households. Many employers use it to pay employees. Taxi drivers accept it. There is bill to force bus drivers & passengers to use it.

I was with my youngest wife and she asked to get a coke. I pointed out that neither one of us brought any money. She said "hakuna matata" which basically means "no problem", stopped at the next store with a mpesa sign, went in for a couple minutes, then came out with 500 shillings (about $6.25).

There are mpesa signs everywhere. About 2 for every block per main street. There are definitely more mpesa signs than ATM machines. Exchanging mpesa for fiat is quick and easy.

If you met a stranger and he had a cellphone, you just need his phone number to send him mpesa. A regular phone works with mpesa. To send bitcoins, you really need an Android, and I would guess that only about 1 in 3 young Kenyans have an Android phone.

The point being, I don't expect Bitcoin to replace fiat. Cryptos may force governments to stop inflating fiat so much though and that would be a good thing.

BTW, I do expect Bitcoin to quickly replace Mpesa in Kenya. Mpesa is centralized, so the government is able to tax it and they keep raising the rates. Kenyans need something better.