[dlp211]

But bitcoin needs to be transformed back into a currency at some point to use it. There is no point in a wire transfer if the person at the other end isn't going to use it.

Yes, some retailers accept bitcoin, most don't.

[isfield]

I always felt the dream with BTC was to trade without the need to convert back. That BTC be a competing but decentralized currency - in its own right.

[mywittyname]

Even those that do price in their local currency.

[hx87]

Looks like Bitcoin still hasn't achieved unit-of-account status yet, even among those who use it as a medium of exchange.