Joseph Young Sheds Light on the Ideal Scenario Where Bitcoin is the Absolute Payment Alternative

A highly renowned crypto enthusiast, Joseph Young was the quickest to tackle the ideal scenario as sketched by Jimmy Song another crypto analyst, both of them bearing crypto as their strongest suits, doubtlessly. Joseph Young is nevertheless, a crypto cheerer and has been the crypto fanboy. He utterly and without a doubt thinks that crypto is defiant and streamlined enough to be the best alternative to payments and similar financial transactions. There must be no middle way as the crypto markets have reached the ultimate maturity and all they need are some legitimate and sturdy regulations.

BlockPublisher jumped into the discussion and was able to get some words out for the very discourse.

The best fit for the crypto would be to be seen as the exact payment alternative. When merchants and consumers take shelter in their own adoption tactics, it only benefits the industry.

Young, being the young blood sure bears the passion and the will for the crypto to surpass the traditional monetary currency units, turning into a global worldwide unit of finance. His words leave no other room for the time when the crypto is not accepted by the incumbent authorities as the picture he idealizes. This will surely take some time but the crypto adoption that benefits the basic user can only be pulled off when and only when the crypto is given a way to act as the fiat supplant.

Bitcoin is the crypto standard bearer for the rest of the altcoins, the reason the crypto and financial analysts see it as the grand crypto that is envisaged to one day dethrone the USD as the globally used respected currency unit. Though there are many hurdles to jump over for this sort of situation to exist but the crypto analysts think that the digital assets are likely to strike this gold in the near future.

Joseph Young, as a matter of fact, responded to another similarly passionate crypto analyst Jimmy Song who provided the usual merchants and users a simple quick way to make use of their already stacked bitcoin reserve. This can be put easily as when one uses a credit card, there must be no debt, this being the first and foremost step. The bill which comes afterward can be paid in full by exchanging bitcoins for the dollars which are used to pay the outstanding dues.

Young has altogether denied this approach for the crypto payment processing stating that in any case, a person wants to extract the actual benefit out of cryptos, the sole remedy would be to propose and impose such rules and regulations that put the crypto structures upright and ease the payment via crypto, not any other way around.

Mohammad Shazil

A Riverside, CA born Electrical Engineer who bears the passion to write over every happening around. A crypto zealot. Shazil is the sub-editor of BlockPublisher news. Contact the editor at editor.news@blockpublisher.com

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.