Why Is Sending Fiat and Receiving Crypto Still Such a Headache in 2024?

[noahchonlee]

The cause of the challenge you faced was because you forced them to pay you in a currency they don't have or own. So for them to convert fiat to crypto and send it to you it has to go through some centralized platforms that charge transaction fees. It would have been simple and cheaper if they already had crypto and sent it directly to your wallet. Transferring crypto is as simple as doing a bank transfer.   

Exactly, instead of forcing people to get crypto to pay, just let people pay with credit card, but then have a service that forwards that payment as crypto to the recipient

[Abiky]

And if you don't buy it, you can always earn it in other ways. One mainstream way is by mining them.

So even if the bridge between crypto and fiat is somehow cut off entirely, crypto will still keep on living.

Don't forget you can also sell your services for BTC (and other cryptocurrencies, of course). Anyone can send you coins directly on the Blockchain (P2P) in exchange for a good or service. You'll save big on middlemen fees (from centralized exchanges, banks, etc) this way. The only downside would be market price volatility. Your coins could lose value in the short term if market prices go down all of a sudden. So the risk of loss will always be there.

You're right that crypto will still keep on living in the aftermath of a Fiat on/off ramp collapse. That's because crypto was designed with decentralization in mind. Nothing can stop the revolution. I'm hoping the UX (user experience) part of crypto improves to a point where sending/receiving money becomes as easy as sending an email. With ease of use, people will find crypto (especially Bitcoin) a more attractive option for digital payments. Who knows what will happen in the future?

[lovesmayfamilis]

Have you ever had someone who didn't have crypto who wanted to pay you and you wish they could pay you in crypto?

Logically, all the OP's complaints here look very far-fetched. I don't see any problems with payment if there is something to pay with. In the same way, I can buy crypto myself later upon receiving payment, and I don't see any problems either. The OP's complaints about banks and other obstacles indicate that it is the banks that are not interested in payment by other methods. And it is not surprising that many want to do without banks altogether.