It's Monday Morning at Caribou Coffee, where I'm sipping on a still-hot medium roast coffee out of a white mug.
I paid about $2 in USD currency for the coffee. That's a good price, but you know what would make it better? If I paid with steem.
Paying With Cryptocurrency for Day-to-Day Life
This is the first month where I'm only earning income from cryptocurrency. It's mostly steem, with a few other things sprinkled in.
Spending money is much more limited than earning it right now. I can earn a variety of currencies for nearly any kind of work - but have to stick with USD for spending in the real world.
The first step to move on from this arrangement is that I'm going to get a shift card from Coinbase. Even though Coinbase gets a lot of criticism including from me it still seems like the easiest way for me to start using a bitcoin debit card.
What it Looks Like to Spend Cryptocurrency in the Future
I want to spend my money without constantly converting it into USD. One day I'd like to spend straight from steem or SBD wallets - I think that will be possible in 5 or less years, as companies like Shapeshift start offering their service to physical retailers.
Retailers could offer a wide range of cryptocurrency payments, and Shapeshift would convert all the altcoins to bitcoin. In 10-15 years, we'll move towards paying with portfolios of cryptocurrencies.
In the future, spending cryptocurrency will be as simple as using your favorite multi-coin wallet via a cell phone app. You'll go anywhere you want and pay with whichever altcoins you prefer in that moment.
Question
How do you spend your cryptocurrency?