Ethereum co-founder Vitalik Buterin suggests the superiority of cryptocurrency for payments is often "underrated" compared to fiat, pointing to the convenience of international payments and payments to charities as key examples.
Buterin made the comments in a Twitter thread on Aug. 24, explaining that it's not just resistance to censorship, but also convenience that makes cryptocurrencies "superior" when it comes to international business, charity, and even payments within countries.
People continue to underrate how often cryptocurrency payments are superior not even because of censorship resistance but just because they're so much more convenient.
Big boost to international business and charity, and sometimes even payments within countries.
— vitalik.eth (@VitalikButerin) August 24, 2022
Cryptocurrency adoption in payments has been growing globally. A report from data platform PYMNTS titled “Paying With Cryptocurrency” in July found that among businesses surveyed with annual income...
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