Exactly, although the transaction cost and speed of Bitcoin precludes it from being suitable for small payments - Bitcoin can handle less than 10 transactions per second. There are other cryptocurrencies that can achieve that though e.g ADAPay, based on Cardano.That was my first thought...but my second was that for countries with relatively weak currencies this could work very well - BTC is already used instead of currencies in some developing countries with extremely high inflation or very volatile currencies.
We are thrilled to announce the launch of ADA Pay on Cardano’s Shelley Mainnet. This release comes after a surge in global demand for the…
Algorand is engaged with many governments with a view to becoming the technology behind new CBDCs