Cryptocurrencies so far have been mostly used as the new forms of assets and investing/trading opportunities, highly speculative and volatile ones, the technology behind some of these currencies is rock solid though, it offers the plateau for many developments meant to disrupt banking services, payments and probably even some sort of governance ones.

Not many of us are actually using cryptos all around, spend them on groceries, coffee or whatever, but these times will change for sure as blockchain technology and the use of cryptocurrencies opens itself to a broader pallete of use cases. I have been using the Binance card for a few times and spend some cryptos at the supermarket.

I have mostly used stablecoins such as BUSD, but I will try, probably next week, to spend a small portion of ETH and see how it works. Curious to see if gas fees will affect the usage of the card in any way. There's increasing demand for cryptocurrencies to be used for everyday payments as for example 25% of Latin Americans Want to Pay With Cryptocurrencies.

The way I see this actual use case, for now these cryptocurrencies used for all sort of purchases are instantly exchanged to dollars, euros and whatever, so you're kind of not actually paying directly with crypto as merchants don't use cryptos... yet. It's just an instant conversion that makes possible to indirectly buy stuff with crypto.

"A recent Visa survey shared with Brazilian media revealed that 25% of all credit card users in Latin America would like to experiment with cryptocurrencies if payment processors gave them the opportunity to do so. Latin America is already a global leader in terms of cryptocurrency adoption. A recent study by Chainalysis revealed that Venezuela and Colombia were at the top of the world ranking in this area. Several startups and technological solutions have grown in the region thanks to the use of cryptocurrencies to facilitate remittances, loans, and other transactions."
source

Now you might remember that a few weeks ago Elon Musk has let us know that Tesla will be accepting Bitcoin and probably other cryptos as well as a form of payment in exchange for their cars. That was when the market spiked really hard and with that boost, along with other important catalysts, we have seen BTC jump to $58,000 which is its current ATH. It's not yet clear whether Tesla will instantly convert that BTC to fiat once it gets in its hands, but some other car companies that will accept selling cars for crypto, plan on holding these digital currencies as an investment.

Quebec-based car dealer HGreg has announced that it will start accepting cryptocurrencies, HGreg president John Hairabedian expects the bold move to improve clients' shopping experience. The company, which is growing fast and has 30 franchised dealerships across North America has already tested the process, but more than that it's even planning on HODLing these currencies. Seems that mr. HGreg has the investor mindset and will become a HODLer once future customers will start purchasing cars wit Bitcoin.

The past bull market has seen quite a few dealerships around the world accepting Bitcoin, mostly for Lambos, and probably this one won't be any different. Mazzant, which is an Italian supercar manufacturer also offers its Evantra supercar in exchange for Bitcoin. The mass adoption and crypto world integration is not only inevitable but also obvious. We have all sort of financial institutions and merchants embracing this type of currency and sooner than later Bitcoin will become that store of value and many cryptos, mostly stable coins will be used as actual currencies.

In hindsight, it was inevitable. Indeed Elon, you are right, it is inevitable and it's great that all the above is becoming a reality. The world is gradually moving economies, money and all sort of services entirely in the digital world that's being created and although this transition does not come without downsides, it mostly benefits the individual and not just the banks and the world's oligarchs. By the way, if you haven't read the Leofinance latest announcement regarding the launch of the future projects and airdrops, here you have the link to it.

Have a great day/evening and see you to the next one. Great time to be in crypto folks.

Thanks for attention,
Adrian