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by realradicalwash 1921 days ago
if transactions were done in btc, each transaction would amass the typical fees - which are pretty high at the moment.

converting btc to fiat to pay your visa card bill at the end of the month would be one transaction per month.

that's a huge difference.

2 comments

> converting btc to fiat to pay your visa card bill at the end of the month would be one transaction per month.

Given BTC volatility paying monthly could add a bunch of risk (or benefit) to purchases. I imagine most people would want something more stable for their purchasing.

Also you are liable for capital gains tax when realised.
in usa yes
And in many eu countries as well
> if transactions were done in btc, each transaction would amass the typical fees […]

No. A transaction can be denominated in BTC without touching the blockchain. And settled at the end of the month through the blockchain.