Crypto accepted as payment?
29 Feb 2024 · 1 min

0:42
Crypto won't become a common payment method until the U.S. government sets clear tax and regulatory rules. Right now, the risk of government crackdowns keeps businesses away.

Crypto won't become a common payment method until the U.S. government sets clear tax and regulatory rules. Right now, the risk of government crackdowns keeps businesses away.
I don't see crypto becoming a big, big thing anytime soon until the federal government kind of takes their finger on it and, and says, hey, here's how we're going to tax it and here's how we're going to go with it. Because as long as it's avoiding taxes and avoiding what people want it to avoid, the government's going to keep their finger on it and keep us from going anywhere too quickly with it. And so from payments to businesses that we're, we're still a little ways away from anything like that happening, um, because obviously the, the government's got to be able to get their piece, or, or it's— or they're going to shut it down. And so it's very risky on that side of it.