The Infatuation to Buy Coffee with Cryptocurrency Has Hit Fever Pitch
For a while now, crypto supporters have pushed this utopian vision of a world with total freedom. They even claim that it will soon be possible to buy coffee with Bitcoin or other cryptos.
However, not everyone loves coffee. So where did this obsession to buy coffee with crypto originate? Why is everyone so obsessed with buying coffee using crypto? As the next web found out, it is not really about the coffee.
It Is Just A Metaphor
Buying coffee is mundane, but it is also a deeply personal thing. It has been said that you can tell a lot about people based on the type of coffee they order. Besides that, many people seem unable to function unless they take their coffee.
In the US alone, there are over 450 million cups of coffee that are consumed daily. Coffee is a silent language spoken by many people. However, BTC is not that popular. Thus, if coffee could be purchased using BTC, it might help the masses understand how crypto works. This way, much of the ordinary people are not left behind in the crypto revolution.
A crypto researcher recently explained it. He said that by making a purchase, which many people identify with, will help to make this complex technology easy to understand.
Using crypto to pay for this mundane purchase makes it easy for the average Joe to relate to it. While purchasing coffee is easy, purchasing it using crypto should also be easy.
What The Experts Think
One of the experts to speak up is Dominic Frisby, who authored Bitcoin: The Future of Money? He recently said that buying coffee using crypto is worth it. It will help the masses to understand how crypto works. Frisby advised newbies in crypto to start by making a £20 purchase of crypto. They should also get their friends to make a purchase and meet up for a cup of coffee and buy using crypto. However, it will only work if you find a place that will accept BTC for coffee.
Keep in mind that it is not about buying coffee. It is simply a venue for mass crypto acceptance. The founder of LTC, Charlie Lee, made a very simple argument. The more crypto pervades our lives, the more utility will have for it. The more opportunities there are to spend it, the closer we will get to achieving mass adoption.
According to Lee, crypto was designed to be immune to censorship. Thus, the ability to pay someone anywhere in the world with no intermediary to block you could have a lot of value. Once you have the crypto, it is thus important to be able to spend it how you like.
It Has Never Been About The Coffee
In short, being able to make a purchase of coffee is not actually about the ability to buy the coffee. Rather, it is about the opportunity of being able to access a global payment system that is not hindered by central control. However, for that to happen, people need to be able to make daily purchases, such as coffee, using crypto.