Without an easy way to interact economically with the currency beyond one time use cases, it’s more like a gift card that is very volatile with heavy compliance requirements.
I could spend all my money via gift cards, but the process of buying gift cards constantly is annoying. Using crypto for one time uses is like this, but with the added requirement of compliance teams evaluating what you’ve used the giftcard for (the crypto to fiat swapping process).
However, where there exists consistent market worth staying in crypto, you do see adoption. Unfortunately, this is darknet markets so not great for marketing further adoption. But good proof of concept.
I could spend all my money via gift cards, but the process of buying gift cards constantly is annoying. Using crypto for one time uses is like this, but with the added requirement of compliance teams evaluating what you’ve used the giftcard for (the crypto to fiat swapping process).
However, where there exists consistent market worth staying in crypto, you do see adoption. Unfortunately, this is darknet markets so not great for marketing further adoption. But good proof of concept.