They have no choice in the US. Banks are not permitted to process transactions for what's still Federally illegal.
Fair enough. I'm sure their invoicing and tax returns are entirely above board

They have no choice in the US. Banks are not permitted to process transactions for what's still Federally illegal.
Fair enough. I'm sure their invoicing and tax returns are entirely above board![]()
welp, when the discussion is why it isn't currently widely adopted for commercial transactions right now, it's more than kinda relevant. Don't get me wrong, I'm not saying that it will never happen but I'm explaining why many businesses are not going to be eager to accept cryptocurrencies as a primary form of payment at this moment.
How many homes had the internet in the early 90s?
How many people had mobiles on the late 80s?
How many people went foreign holidays in the 60s?
How many gas stations existed in 1910?
again, I'm not and have never suggested it's not going to happen....I'm not sure why this isn't registering that I'm simply pointing out the current issues that need to be addressed to get to a different state of acceptance.
Things are evolving all the time. Just now the barrier to entry is knowledge on how to access and use it but that will pass.
My 90 year old gran isn't interested. My dad is but it being complicated puts him off. Guys my age are happy enough to dip our toes in. Once the young team get on board it'll be full steam ahead.
not sure how that relates but ok.
You're talking about how it's not widely used.
It will be, it's just not filtered down to the people who will use it yet.
No I'm talking about why it's not widely accepted by businesses as a common currency. Not why joe consumer isn't using it.
Edit: and I'm also not talking about business like the bakery on your town main street. I'm talking about retail at scale. But, many of those same considerations would exist for small scale retailer if they were to have cryptocurrency as a primary/significant form of customer payment.
How many people had Betamax in the 1970'sHow many homes had the internet in the early 90s?
How many people had mobiles on the late 80s?
How many people went foreign holidays in the 60s?
How many gas stations existed in 1910?
I'm simply pointing out where cryptocurrencies are today vs how they need to evolve to become a significant factor in commerce. Any business can accept a form(s) of cryptocurrency today because it amounts to an insignificant portion of their revenue with little financial impact compared to their fiat currency revenue. I would break this down in more depth but we're still not on the same page at all... this has become like dealing with a religious cult that can't see past their dogma.
Right now there are maybe less than 4% of the people in the world who are involved with it so just imagine what it will be like when 40% of the people in the world are involved in it.
Blockchain is the underlying technology that cryptocurrencies are based upon and it will soon be what everything runs on (probably including the internet). If people don't get some crypto holdings into their portfolios (sounds fancy) now or soon, they will look back years from now and be very sorry.
Because its widespread adoption is only just beginning,
That is indicative of how much more valuable it will be in the future, than it is today, because all kinds of companies and businesses are going to adopt cryptocurrencies.
Can you correlate that? To simplify: It's worth close to $60G and nobody accepts it. Imagine what it will be worth when it is broadly adopted.
How many people had Betamax in the 1970's
How many people had waterbeds in the 1980's
How many people had cb radios in the 70's
How many people had hula hoops in the 1960's
Another aspect that is important to keep in mind IMO is that investments now are likely to be a slow burn.
Many 'experts' think that this bull run isn't over but I am inclined to think that we're going into crypto nuclear winter which will have crypto people waiting for some broader assimilation and/or the next market cycle.