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1. There are people who don't have Bitcoin who will purchase them to purchase items
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.
1. Why would they use fiat to buy btc which will then be sold for fiat? Why not just skip the middle part.
2. Maybe? Maybe not..
Agree, because you can buy everything with fiat but with not Bitcoin.
Why they will take extra step of buying bitcoin then purchase item.
You obviously have no comprehension that countries tend to have different fiat currencies, whilst crypto has no borders.
And banks already perform conversion on your behalf. What's your point? I can use my US credit card to buy stuff in other countries, with zero exchange fee. And if my card number is somehow stolen -- which has never happened -- I can call the bank's fraud department and I'm not held accountable.
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Did you just hear that sound? It's all the bitcoin-tards screaming out in terror as the last paragraph basically destroyed the myth of bitcoin's "advantage" over traditional payment models.
Some of you people seem to believe that one government issued currency can't be spent in another country. Are you really that dumb?