HARD PILL TO SWALLOW: If your coins sole purpose is payments, but it’s not a stabl

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HARD PILL TO SWALLOW: If your coins sole purpose is payments, but it’s not a stabl

<!-- SC_OFF --><div class="md"><p>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.</p> <p>If it goes up in value - great. Until you need to sell it for fiat, which is an additional taxable event.</p> <p>Businesses need stability and predictability, not additional and unnecessary risk.</p> <p>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).</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/TryingToMakeAMil"> /u/TryingToMakeAMil </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rhsk7e/hard_pill_to_swallow_if_your_coins_sole_purpose/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rhsk7e/hard_pill_to_swallow_if_your_coins_sole_purpose/">[comments]</a></span>Kind Regards R