Comment Re:Investment vs currency (Score 2) 170
Years ago, in our business, we used BTC as a currency; now we're using USDT. One concrete example: we're in the EU, and we have a programmer in Kenya. It's complex and slow to wire him his wages through the regular banking system, and we've been paying him with crypto all along. It's simple, fast, easy.
For some, it's an investment because they want to speculate, but it still remains one of the best way to transfer value to countries which are not connected with us when it comes to banking. Just because we don't want the hassle to fill forms, justify why we're doing payments, etc. doesn't mean anything nefarious is going on. He works, he's owed wages, and we have a solid system to pay him. This is done legally, shows on the balance sheet on our end, and we don't have to deal with banks' stupid questions, delays and costs at the same time.
This is not a theoretical use case, we've been doing that for years.