So I am not really into cryptocurrency and only have some basic knowledge. As far as I understand the idea between crypto (or especially bitcoin) was a decentralized payment system. Everything I heard about crypto the last few years was only about trading and value going up and down blabla. How is it going so far for using it as a payment method? Are there countries, systems, spaces in the internet or anything that actually use crypto for paying? Whar are some good examples? Do you yourself use some of these?

And are there maybe even PayPal-like Apps which you can use for paying in crypto to others?

  • WhyJiffie@sh.itjust.works
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    10 days ago

    Crypto is, and always has been a way for money laundering to happen.

    could say the same about cash, when looking at large scale usage

    • choui4@lemmy.zip
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      10 days ago

      Yes, but, its nearly impossible to launder 250 million dollars of bills into your pocket like trump did

        • choui4@lemmy.zip
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          9 days ago

          I dont know anything about that, tbh. But I struggled to imagine they are bringing that much american currency into their banks. PLUS, trump has done this multiple times and many others have, too. Thats a very different thing, I think youll agree.

          • WhyJiffie@sh.itjust.works
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            9 days ago

            they are stealing billions of hungarian forints recently, and privatizing public institutions. they have been in power for more than a decade.

              • WhyJiffie@sh.itjust.works
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                8 days ago

                you have changed the topic. crypto is not needed for money laundering, there are other avenues for doing that.

                  • WhyJiffie@sh.itjust.works
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                    6 days ago

                    can you please point out where did I change the topic?

                    if you mean bringing up the hungarian kleptocracy, I did that to disprove your claim of large scale money laundering with physical money being impossible, I don’t agree it being a change in topic

              • WhyJiffie@sh.itjust.works
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                8 days ago

                you have changed the topic. crypto is not needed for money laundering, there are other avenues for doing that.