btaliat
VIP Contributor
Most reputable companies do not always want to use crypto as their payment gateway. I could remember when a friend that is into transcription website needed to withdraw his money and wrote a letter to them asking if they can pay through crypto, the mail was replied and he was disappointed when he was told that he could only be wired the money or got it through PayPal.
Of recent as well, I was trying to get myself familiar with how domain selling works. When it got to means of receiving payment, I got to know that it is either through PayPal or wired service. This makes me wonder why will most companies be running away from paying with crypto.
The first reason maybe because it is not always a mean to make a legal transaction. Just because it cannot be traced. You can trace crypto transactions in case there is any conflict between the sender and the recipient. I think to avoid this, most of them always want to make sure they pay through a means by which can be easily be traceable in case of incasity.
The fact that crypto is not universally accepted can be another reason why they don't use it.
Of recent as well, I was trying to get myself familiar with how domain selling works. When it got to means of receiving payment, I got to know that it is either through PayPal or wired service. This makes me wonder why will most companies be running away from paying with crypto.
The first reason maybe because it is not always a mean to make a legal transaction. Just because it cannot be traced. You can trace crypto transactions in case there is any conflict between the sender and the recipient. I think to avoid this, most of them always want to make sure they pay through a means by which can be easily be traceable in case of incasity.
The fact that crypto is not universally accepted can be another reason why they don't use it.