We often talk about the potential use of cryptocurrencies in the payments sector in order to be able to proceed with fast, secure and possibly cheap transactions, although I believe they should be free as is already the case on HIVE for example.

Could the price volatility affect our decision to make a purchase?

I'll explain better.

Do you remember the story of the purchase of a pizza paid for with 10,000 Bitcoins in 2010? I would be curious to know what that guy thinks today and if he regrets using Bitcoin for payment. A decade later he would become a millionaire with that same amount.

While the FIAT currency is stable today, the value of $ 1 will remain stable for a long time. Instead, let's note how the price of all cryptocurrencies can change suddenly and if today I buy a bicycle for 1000 LEO, tomorrow I could buy it for 500 LEO or 1500 LEO. So would you feel comfortable using your crypto for daily payments or do you prefer to keep them waiting for better times?

Some might rightly point out to me that 1 bitcoin = 1 bitcoin or 1 LEO = 1 LEO, true but I believe that for the next few years we will have to think in FIAT and our decision to keep a token or spend it and exchange it for something else will still have to reflect this condition.

So, would you use your cryptocurrencies today to make purchases?

Post also published on the HIVE blog