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RE: You are the Elites: Financial Newsletter review and how you are secretly smarter than veterans + My outrageous prediction and Why Bitcoin will never be P2P Electronic Cash

in #cryptocurrency6 years ago

My only question is whena re we gonna see more ability to buy alt-coins with fiat? Once that starts happening, and coinbase already sort of does this(possibly bitshares too but I havent been able to use open ledger for fiat yet) but really just getting money into the space is difficult, and seems to be getting more difficult with banks starting to limit people's ability to use exchanges. Any thoughts on that?

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I think Waves was trying fiat gateways and CEX.io allows you to deposit USD, EUR, GBP with your credit/debit cards. There is also the spread of ATMs and http://uphold.com/ which would be a major force in getting fiat into cryptocurrencies. Also there are things like localbitcoins and dashous. People could also ask people to pay them in cyptos.

I think the same methods would be utilized more and some banks/brokers will allow few major crypto purchases. People still have cash and they can work for crypto payments and HODL and spend the fiat they have left. So I'm not really worried. Banks will only make things harder and slower.

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