The only thing that will make this more compelling is the US removing capital gains restrictions on small sales. I don't want to have a tax burden each time I pay a bill.
This^ But also the fact of that from a moral standpoint it is hard for me to spend legit Bitcoin on day to day or monthly bills. Why not save in Bitcoin, spend in fiat? In order for me to completely go on a Bitcoin standard, cap gains tax + a lot of other things still need to fall in place
The service will penetrate the American market through a waitlist at first, Bitrefill said, due to “scaling constraints.” Users will be granted access to the offering in the company’s mobile apps for iOS and Android in a first come, first served basis.
Bitrefill will charge a 2% convenience fee on the total bill paid to cover the cost of paying and processing each bill payment as those are not discounted by the provider or payee.
Would this be more compelling without the KYC? if you're paying your taxes or bills then your identity is already tied to the payment.
The only thing that will make this more compelling is the US removing capital gains restrictions on small sales. I don't want to have a tax burden each time I pay a bill.
This^ But also the fact of that from a moral standpoint it is hard for me to spend legit Bitcoin on day to day or monthly bills. Why not save in Bitcoin, spend in fiat? In order for me to completely go on a Bitcoin standard, cap gains tax + a lot of other things still need to fall in place
When joining the waitlist it shows:
The link to get on the waitlist:
US Bill Payments
https://www.bitrefill.com/us-bills