I was watching a YouTube video just now and I it fed me an ad for a product called the Monaco Visa Card, which can be found here https://mona.co/. This is one of those rare occasions when I was actually interested in and watched the whole ad!
Apparently they allow you to convert your Bitcoin or Ethereum into spendable currency simply by swiping the card. It does all of the currency exchanging for you, and you don't have to do anything except use it like a Visa debit card. This looks to me like a pretty amazing development in the cryptocurrency space, similar to some sort of ATM that would allow people to cash out Bitcoin into whatever their native currency is. This sort of uncaps the ceiling on how far cryptos can now go in my opinion. There is so much incentive to use these over regular currencies due to the relatively low inflation over the long term, and the appreciation that the currency will do over the near term as mass adoption occurs.
Now for the question I have for people here on Steemit. Is there anything in the works for something like this with Steem currency? Will I soon be able to take my earnings from posts and curation and spend them to buy a tank of gas for example? If so, I think I might want to put a little more of my savings into Steem currency as a speculative play. And if not, it might help explain why the early gains of Steem during this crypto boom have sort of plateaued. Please discuss below!
Disclaimer: This is not an ad. I have no affiliation with the business mentioned in this post nor do I have any stake in it. Image taken off of the homepage at https://mona.co/.