Edit: I got my landlord to open a Coinbase account because stablecoin payments are way easier (also got a signup bonus for referring a new account)
I could upgrade my cellphone and use Google Play Services, allowing up to $10,000 CAD daily, but I have no intention of doing so. I think it's messed up to tie my financial and digital sovereignty to a foreign corporation, I don't appreciate the hit to battery life, privacy, and the pre-requisite bump in hardware to run GApps, and I simply don't want to end up on the spending treadmill for new cellphones.
Canada "solved" this, but the limits haven't kept up with inflation or life in general
These concerns seem very weird to me.
My specific concerns are odd. Not appreciating smartphone requirements for life feels more mainstream (if only marginally)
Different geographies work differently I guess. In Brazil there’s an entire payment network (pix) that is centrally run, free and hugely popular.
ACH is... FTPing around flat files, at some point in the day. Or the next day. Plus time for clearing.
FedNow is closer to instant
(https://open.substack.com/pub/theahura/p/tech-things-the-poi...)
As you mentioned, like any currency its worth whatever people collectively believe that its worth and nothing more.
And on top of that, while it may not be tied to a singular government like the USD, it is heavily tied to being used in a place with operational telecomm and electricity infrastructure, which requires a functional societal order that the "military and economic strength" the original reply was talking about provides.