OTOH, ACH lets you actually pay for goods or services received, right?
I never hear of people paying invoices with Bitcoin.
I never hear of people paying invoices with Bitcoin.
I received half of it in Bitcoin and the other half via old fashioned bank transfer. It was a neat experiment, and I plan on accepting payment in crypto for some invoices that I send in the future as well.
Some people will never get it
Many of us have more bitcoin or other crypto than dollars at any point in time, directly onchain (as opposed to on an exchange, which can have extra steps or even the same limitations as any other financial institution). Even if we have a whole portfolio of other assets, its still not dollars available for trade.
If we want something instantly, internationally or outside of business hours or at a large amount, the bitcoin can accomplish that pretty instantly (few seconds with lightning, 1-20 minutes with 1 confirmation onchain transaction). Almost every other crypto asset can do it even faster.
There are discussions to be had about the state of bitcoin/crypto invoicing software
Bitpay’s used to be good and then they made it almost useless
I can’t recall hearing about anyone paying an invoice in Brazilian real. That doesn’t make me assume it never happens.