MultiversX Tracker is Live!

Realistic use of crypto in the industry

All Cryptocurrencies

by COINS NEWS 70 Views

I recently had to buy merchandise from overseas and between conversion fees and wire fees, I spent over 10% of the total sum in fees. Oh yeah, it also took a WEEK to get there.

It would have been as expensive as buying / sending ether but it takes 150 times longer. Outrageous.

This hit me hard, as with crypto you can send it all over the world with very little overhead, so I thought, what would it take for businesses to accept crypto ?

The only bottleneck I could think of would be the CEX's, as it happens often that they freeze accounts on a whim etc. But if the CEX is just used as a transition platform, this effect would be pretty mitigated, right ?

So, what would be the hold-back for a business to put that in place ? As far as I understand, there shouldn't be any regulatory issues since it would be the same as buying/selling merchandise trough Tradfi, but there would just be the CEX middleman.

submitted by /u/Maisquestce
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments