US Senator Says 'So Much Appeals to Me About Bitcoin'U.S. Senator Marsha Blackburn has revealed that there is “so much that appeals” to her about bitcoin. She explained that as we move forward and people are more comfortable with the cryptocurrency, “there will be more transactions in your daily life where bitcoin is accepted as a form of payment.”Senator Blackburn on Benefits of BitcoinU.S. Senator Marsha Blackburn (R-TN), a consumer rights and privacy advocate, answered some questions about bitcoin in a fireside chat at Bitcoin Policy Summit on Tuesday.
The senator was asked what appeals to her about Bitcoin, considering her background in advocating for consumer rights and privacy. She replied:
There is so much that appeals to me about Bitcoin.
“First of all, when you talk about freedom and you talk about privacy, Bitcoin allows that for individuals,” she described, adding: “Also, the decentralized nature of it — no government interference — and that is important to people.”
Senator Blackburn brought up Afghanistan as an example where some people are “less trusting of government structures” and “less trusting of Fiat currencies,” she detailed. “They want something that is going to be a good solid store of value. This is a great option for them … People want to be able to have that control over the use of their currency.” The lawmaker from Tennessee continued: “When you look at the facts that there is an ease of use to bitcoin, that is something else that people like.”
She further shared: “One of the hot issues on Capital Hill right now is increasing the processing fees for credit cards. And people are beginning to look at how expensive it is to use credit cards. So this provides them another option where they’re not burdened with having to pay that swipe fee.”
Noting that she has “worked for years on the issues of consumer rights and consumer protection,” the senator stressed that bitcoin “is a really good solid option.” She concluded:
As we move forward, as people know more and are more comfortable with bitcoin, there will be more transactions in your daily life where bitcoin is accepted as a form of payment.
Source: https://news.bitcoin.com/us-senator-says-so-much-appeals-to-me-about-bitcoin/
