Crypto can effectively be rendered too cumbersome to deal with.
If crypto currency becomes illegal for retailers to use then there is no one to buy from no matter how many bitcoins you have.
If you cannot walk into Walmart and buy something with your crypto currency then it is of limited value.
Perhaps one might move to Singapore or some such place and redeem their bitcoins and retire in luxury...but how many people want to move to Singapore?
there’s lots of ways to easily convert crypto to dollars, and there are cards which allow you to charge in dollars and the credit card company gets paid by pulling out of your crypto account
also there are now apps where you can text people crypto
the whole world is becoming far simpler, and quickly
within 5 years, people entering the word force for the first time won’t even know what a “bank” is....they will “store” everything on their phone
it’s somewhat clunky atm, to your point....but if someone is willing to learn and set up things....it’s not that big of a deal
Re: Walmart...
This article doesn’t say exactly what they intend, except to “do financial services”...but, to your point, it seems like Walmart is aware that this whole space is part of their future, and if they need to figure out a way to have shoppers pay with crypto, then they are taking steps consistent with that: