Today I am not going to look at the stock / crypto markets, I suddenly wondering how do the people on here Hive / LeoFiance pay for the daily meal, shop for groceries, etc.
Both cash and credit card is not a new stuff, they have been using by everyone in the past 50+ years, people may using electronic payment on their smart phone nowadays, say, Apple pay, Samsung Pay Google Pay, Wechat pay in China, etc. But such payment method is still link to the credit card and your cash account from your bank.
So I just summarized 4 payment methods: Credit card, Crypto debit card, cash, or directly pay by the crypto currency. There is no doubt that all people on Hive are get involved in the cryptocurrency, my question is that how much the cryptocurrency really apply into our daily life?
For myself, I don't really use so much cash nowadays as long as the shops accept the VISA/Master card for the payment, I will use the crypto debit card to pay for all groceries in the supermarket and convenient shop everyday. Can't say I directly use my crypto on hand to pay for the groceries or meal, I do sell my crypto to the fait through my wallet to pay, should I say I use crypto to pay for daily life indirectly?
I am still going to use credit to pay if the bill amount is higher, say, I used my credit card to pay for my X Box Series X back in Sep 2021 as I don't want to use too many crypto for the payment, I want to keep as much token on hands as I can, so I will only use crypto debit card to deal with the small amount bills.
Here is how I spend my credit card, crypto debit card and cash in my life, what about your? feel free to comment, it should be interesting to discuss on this topic, have a nice day, cheers.