The payment challenge that no one wants to tackle

The easiest payment method really ends up controlling everything. Right now, we're seeing countries realize their currencies are becoming optional. Not because of some huge crisis or hyperinflation, but because people are choosing easier ways to pay for stuff in their daily lives. Sure, governments can regulate banks and money flow, but when you can send money across borders as easily as sending a text, all that regulation just becomes irrelevant. People in shaky economies aren’t asking "which currency is strongest?" They’re asking "which one lets me pay my supplier in Vietnam without getting hit with 6.5% fees and a three-day wait?" Convenience is taking over sovereignty. And the countries that are getting disrupted? They can’t really fight back. They can either create their own user-friendly system (which is tough, costly, and needs tech they might not have), or they can try to restrict the easy options from abroad (which just makes them look authoritarian and pushes people to go underground). Europe is chatting about digital sovereignty while their citizens are already using whatever works for them. China has banned this whole space and now they’re in a rush to find a way to compete without admitting they messed up. This situation might even be worse for economic stability than the last one. At least when foreign reserves were stuck in bonds, there was some delay before money could flee the country. Now? If your government pulls a move...

I like what you contributed, it is meaningful but I will like to make few points on my behave, you said whoever owns the most convenient method of paying things owns everything in the end, how so? Because if this business is accepting crypto as payment and whatever they are selling is not what I need why should I buy from them base on the part that they are accepting crypto payment? The question is do they have what I need. I think we will still get there in the end, very soon crypto will be a optional payment option available world wide, I am routing out for this too because there are so many things I want to get with my crypto in form of money but I can't, Trump is now opening the door, it is only a matter of time.

The government had the most "convenient" method of paying for things, and they controlled everything. The only way to pay for things before was through fiat currencies. There were no other means of payment, so if you want to make an international transaction, you will have to use fiat currencies, even though there were different systems like PayPal, Western Union, debit card transfer and other ways to make payments internationally. Today, you don't need to pay the Western Union fee of about $30-$50 in transfer fees, when you can transfer in bitcoin and pay less than a dollar in transaction fees to anywhere in the world without having to leave your house. If a company owns Bitcoin and Bitcoin becomes the number 1 currency in the world, then that company owns everything. "Owns everything' in this context is figurative in my opinion. How exactly is Trump "opening the door" for this? Because from where I'm standing, he hasn't done anything that will make bitcoin or crypto an option for payment. When people who could have demanded the dollar for payment begin to demand bitcoin and other crypto, that will reduce the demand for the dollar, which will cause the value of the dollar to drop, and that is not what the US government would want. This is a reason I believe countries, especially the US, would not like Bitcoin to be used as payment.