Recently a lot of interesting discussions has been raised about Bitcoin. One that caught my eye was Jack Dorsey's cash app announcing that users would soon be able to pay their bills using Bitcoin. An interesting development.
Personally, I think this move goes on to show another port folio in Bitcoins usefulness. Now imagine cash apps allowing it's users to settle bills with Bitcoin without having to hold Bitcoin. One can't help but ask is this diversity deviating from what Bitcoin was create to achieve?
Over the years, Bitcoins adoption has been focused on how many people decide to buy and hold it. Now making Bitcoin useful for everyday payment could be also an important move.
Its an important development indeed and it isnt the case of either; it could be an important move, it is an important move in this space.
Bitcoin hasnt being focused on how many people decides to buy and hold, as a form of adoption, it is a part chosen by many to leverage on the potentials Bitcoin has got and in the absence of everyday utility as an exchange media due to slow adoption.
The Cash App inclusiveness would be a huge step towards changing that. Thought it might be utilizing centralized system, its an introduction to where we are going and would be in the later future where we would use it p2p on decentralized systems.