McDonald's the well know fast food chain has begun accepting Bitcoin payments in the Swiss Canton of Lugano.
As per trusted sources customers at the fast food joints outlet in the Swiss canton of Lugano can pay at the outlet with not only BTC but also USDT.
Earlier McDonald's had shown its inclination to venture into the metaverse.
Going by a Bitcoin Magazine's tweet which displays a video of a patron paying with crypto at the McDonald's outlet where both BTC and USDT are shown as modes of payment.
https://twitter.com/BitcoinMagazine/status/1577000896172433408
- BitcoinMagazine
This is a great achievement
Indeed this is a great land mark event in the eventful life span of BTC.
Back in the days when BTC was not so liquid or well known a guy paid 10,000 BTC to buy a Pizza.
A lot has happened in the crypto universe since then. A lot many blockchains have come about and defi has emerged as a serious alternative to fiat.
There are still many barriers to be broken.
Fiat - crypto gateways are not available to all.
Despite the advantages BTC and crypto bring to the table yet there is tremendous opposition to its adoption.
This creates a high entry barrier for many to move into crypto from the fiat side or move back to fiat as a regular trade opportunity.
Is paying for food at McDonald's a good idea ?
From the perspective of crypto going mainstream this is surely a great idea.
Is buying food with crypto the best utilization of the resource ?
Maybe or maybe not depends upon your situation.
Let us explore the alternatives. Suppose you have $1000 fiat and $1000 crypto then how do allocate the funds.
Invest $1000 fiat and use $1000 crypto to buy food
What are the investment options ?
Banks might give you some interest depending in what part of the world you are? However it would hardly prepare you to combat the inflation.
Stock markets are spooked because of all the talk from the fed about rate hikes and the follow up action so that avenue is uncertain too.
Even precious metal prices has seen softening of prices over the past six months so that is hardly an option.
We only see the USD firming up ?
Is that even an investment ?
There are global food shortages and the same goes for gas and fuel prices raising the food, fuel and heating costs up for almost everybody.
Alternatively you could use the fiat for the food and use the crypto part for investing.
There are so many places one could invest the crypto and if done right can bring you some handsome gains.
for example if one were to invest the crypto funds in one of the farms at cubdefi one could get quite nice returns
Here is how the cub token price fared over a month
This tends to give much better returns than the fiat world investments.
So one is inclined to use the crypto for investing and fiat to put the food on the table.
Having said that please note that pool investments are also subject to impermanent loss and before making any investment please DYOR do your own research.
What is your opinion about this ?
Maybe your employer pays you in crypto this would be a welcome step as it saves you conversion charges.
Perhaps you some one who finds it extremely difficult to obtain crypto then your approach to the situation would be different.
So the question would generate different responses. Please share your take on the subject and response to the question..