Quote:
Originally Posted by Show Me the Wire
The only value bitcoin has to the car dealer is the value of the exchange rate.
“We do not really take bitcoin, we do not speculate on [the] exchange rate,” Frigerio says, a point being driven home by bitcoins’ recent plunge. “We just facilitate the owner of bitcoin by running the transaction through a payment service. Similar [to] using Apple Pay or PayPal, or running foreign currency though a foreign exchange financial institution in order to receive U.S. dollars.”
https://www.cnbc.com/2018/02/07/bitc...ocurrency.html |
Actually, if you read further, you would see that "Michael’s Auto Plaza in Albany, New York, also began accepting bitcoin payments through BitPay in December".
Either way though, the point is that cryptocurrency is definitely a possibility. Banks are looking at block chains, etc etc. The IMF is even talking about regulations....
So, I do not believe its a Ponzi scheme. Now again, this does not mean that I have went and mortgaged the house or may substantial buys. Its just an opinion.....
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