HARD PILL TO SWALLOW: If your coins sole purpose is payments, but it’s not a stablecoin – it won’t make it.

Share:

Imagine being a business owner and accepting payments in a coin that reduces in value 10-80% by the time you need to declare your income or pay for things.

If it goes up in value – great. Until you need to sell it for fiat, which is an additional taxable event.

Businesses need stability and predictability, not additional and unnecessary risk.

Sure, crypto is a great medium of exchange. But the only way crypto can be used for payments on a massive scale (like fiat) is if it’s a stablecoin. It’s tax-efficient and more profitable for businesses (earn high yield safely).

submitted by /u/TryingToMakeAMil
[link] [comments]